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HCM

Herndon Capital Management Portfolio holdings

AUM $659M
1-Year Est. Return 22.03%
This Fund
S&P 500
This Quarter Est. Return
-1.6%
1 Year Est. Return
+22.03%
3 Year Est. Return
+20.32%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$3.99B
AUM Growth
-$742M
Cap. Flow
-$622M
Cap. Flow %
-15.58%
Top 10 Hldgs %
34.05%
Holding
221
New
16
Increased
47
Reduced
94
Closed
36

Top Buys

Rank Stock Value
1
AES icon
AES
AES
+$72M
2
DVN icon
Devon Energy
DVN
+$62.2M
3
OII icon
Oceaneering
OII
+$60.8M
4
CBRE icon
CBRE Group
CBRE
+$39.9M
5
FHI icon
Federated Hermes
FHI
+$38.7M

Top Sells

Rank Stock Value
1
VRSK icon
Verisk Analytics
VRSK
+$118M
2
AIV
Aimco
AIV
+$115M
3
JAZZ icon
Jazz Pharmaceuticals
JAZZ
+$89.7M
4
APA icon
APA Corp
APA
+$81.8M
5
LMT icon
Lockheed Martin
LMT
+$64.1M

Sector Composition

Rank Sector Weight
1 Financials 27.16%
2 Energy 11.65%
3 Technology 10.84%
4 Industrials 10.28%
5 Consumer Staples 8.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PRAA icon
201
PRA Group
PRAA
$692M
– –
-19
Closed -$1K
QRVO icon
202
Qorvo
QRVO
$8.41B
– –
-47
Closed -$2K
SAM icon
203
Boston Beer
SAM
$1.88B
– –
-5
Closed -$1K
SEIC icon
204
SEI Investments
SEIC
$12.6B
– –
-30
Closed -$2K
SM icon
205
SM Energy
SM
$6.88B
– –
-2,470,690
Closed -$48.6M
T icon
206
AT&T
T
$162B
– –
-89,276
Closed -$2.32M
THRM icon
207
Gentherm
THRM
$1.24B
– –
-980
Closed -$46K
TNK icon
208
Teekay Tankers
TNK
$2.67B
– –
-23
Closed -$1K
VZ icon
209
Verizon
VZ
$195B
– –
-31,158
Closed -$1.44M
WT icon
210
WisdomTree
WT
$3.26B
– –
-2,306
Closed -$36K
TEN
211
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
– –
-18
Closed -$1K
MNK
212
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
– –
-34
Closed -$3K
WBC
213
DELISTED
WABCO HOLDINGS INC.
WBC
– –
-12,527
Closed -$1.28M
KS
214
DELISTED
KapStone Paper and Pack Corp.
KS
– –
-38
Closed -$1K
FNBC
215
DELISTED
First NBC Bank Holding Company
FNBC
– –
-36
Closed -$1K
ADPT
216
DELISTED
Adeptus Health Inc
ADPT
– –
-15
Closed -$1K
TMH
217
DELISTED
Team Health Holdings Inc
TMH
– –
-895
Closed -$39K
STJ
218
DELISTED
St Jude Medical
STJ
– –
-700
Closed -$43K
ESV
219
DELISTED
Ensco Rowan plc
ESV
– –
-7,217
Closed -$445K
WNR
220
DELISTED
Western Refining Inc
WNR
– –
-1,262
Closed -$45K
DRII
221
DELISTED
DIAMOND RESORTS INTL, INC
DRII
– –
-1,628
Closed -$42K
5 6 7 8
9

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Herndon Capital Management's Q1 2016 Portfolio in Review

As of Q1 2016, Herndon Capital Management held 221 positions worth $3.99B, down 16% from $4.73B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Herndon Capital Management withdrew a net $622M in Q1 2016, closing 36 positions and reducing 94 holdings. Its most notable exit was APA Corp, an estimated $81.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 27% of assets, up from 26% a quarter earlier, followed by Energy and Technology.

Against the trend, Herndon Capital Management opened a new position in Devon Energy worth $70.2M.

  • Herndon Capital Management's largest Q1 2016 buy was Devon Energy: 2,556,925 shares worth $70.2M.
  • Herndon Capital Management added most to AES in Q1 2016, an estimated $72M increase.
  • Herndon Capital Management's biggest Q1 2016 reduction was Verisk Analytics, cutting an estimated $118M.
  • Herndon Capital Management fully exited APA Corp in Q1 2016, selling an estimated $81.8M.
  • Herndon Capital Management's ten largest holdings make up 34% of its $3.99B portfolio in Q1 2016.
  • Herndon Capital Management opened 16 new positions and closed 36 in Q1 2016.
  • Herndon Capital Management's portfolio value fell 16% quarter-over-quarter to $3.99B.

Based on Herndon Capital Management's 13F filing for Q1 2016, filed 13 May 2016.