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HCM
Herndon Capital Management Portfolio holdings
AUM
$659M
1-Year Est. Return
22.02%
This Fund
S&P 500
This Quarter
Est. Return
+12.73%
1 Year Est. Return
+22.02%
3 Year Est. Return
+20.31%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$7.92B
AUM Growth
+$321M
(+4.2%)
Cap. Flow
-$629M
Cap. Flow
% of AUM
-7.94%
Top 10 Holdings %
Top 10 Hldgs %
29.14%
Holding
197
New
18
Increased
22
Reduced
128
Closed
24
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
K
Kellanova
K
|
+$142M |
| 2 |
Chord Energy
CHRD
|
+$79.3M |
| 3 |
AES
AES
|
+$71.9M |
| 4 |
SM Energy
SM
|
+$71.7M |
| 5 |
United Therapeutics
UTHR
|
+$70M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ENDP
Endo International plc
ENDP
|
+$213M |
| 2 |
Federated Hermes
FHI
|
+$156M |
| 3 |
Copa Holdings
CPA
|
+$143M |
| 4 |
Mastercard
MA
|
+$88.9M |
| 5 |
Colgate-Palmolive
CL
|
+$88.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 19.54% |
| 2 | Financials | 19.09% |
| 3 | Technology | 11.52% |
| 4 | Consumer Staples | 10.5% |
| 5 | Industrials | 9.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Western Digital
WDC
$159B
| $284M | 3.58% |
4,477,666
-389,020
| -8% | -$21.7M |
|
2
TJX Companies
TJX
$179B
| $251M | 3.17% |
7,874,028
-669,206
| -8% | -$20.3M |
|
3
Aflac
AFL
$65.5B
| $239M | 3.01% |
7,142,442
-593,970
| -8% | -$19.5M |
|
4
Marathon Petroleum
MPC
$90.1B
| $234M | 2.95% |
5,093,916
-457,582
| -8% | -$17.6M |
|
5
Cboe Global Markets
CBOE
$32.2B
| $229M | 2.89% |
4,409,824
-379,269
| -8% | -$19.1M |
|
|
WDR
6
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $228M | 2.88% |
3,504,129
-310,005
| -8% | -$19M |
|
7
Apple
AAPL
$4.97T
| $226M | 2.86% |
11,300,772
-844,228
| -7% | -$15.9M |
|
|
8
United Therapeutics
UTHR
$26.1B
| $214M | 2.7% |
1,890,227
+776,283
| +70% | +$70M |
|
9
Lockheed Martin
LMT
$131B
| $206M | 2.59% |
1,382,536
-137,164
| -9% | -$18.6M |
|
|
DFS
10
DELISTED
Discover Financial Services
DFS
| $198M | 2.5% |
3,544,019
-300,346
| -8% | -$15.7M |
|
|
JOY
11
DELISTED
Joy Global Inc
JOY
| $190M | 2.4% |
3,253,224
-308,150
| -9% | -$17M |
|
12
RPC Inc
RES
$1.13B
| $188M | 2.37% |
10,505,660
-884,388
| -8% | -$15.4M |
|
13
Western Union
WU
$2.53B
| $184M | 2.33% |
10,681,561
+2,088,537
| +24% | +$36.6M |
|
14
IBM
IBM
$213B
| $184M | 2.32% |
1,023,343
+261,959
| +34% | +$45.2M |
|
15
Microsoft
MSFT
$2.9T
| $178M | 2.25% |
4,759,973
-410,887
| -8% | -$14.9M |
|
16
Viatris
VTRS
$20.8B
| $177M | 2.24% |
4,088,961
-348,094
| -8% | -$14.3M |
|
17
Patterson-UTI
PTEN
$3.54B
| $176M | 2.22% |
6,958,760
-576,298
| -8% | -$13.8M |
|
18
HF Sinclair
DINO
$16.2B
| $174M | 2.19% |
3,496,945
-292,336
| -8% | -$13.3M |
|
|
MHFI
19
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $174M | 2.19% |
2,222,016
-216,355
| -9% | -$15.5M |
|
20
ExxonMobil
XOM
$650B
| $173M | 2.18% |
1,710,223
-150,913
| -8% | -$14M |
|
|
EV
21
DELISTED
Eaton Vance Corp.
EV
| $172M | 2.17% |
4,009,542
-329,736
| -8% | -$13.6M |
|
22
Altria Group
MO
$125B
| $169M | 2.13% |
3,636,094
-1,143,631
| -24% | -$42.2M |
|
23
United Parcel Service
UPS
$88.9B
| $163M | 2.06% |
1,553,853
-121,946
| -7% | -$12M |
|
24
NewMarket
NEU
$7.24B
| $154M | 1.95% |
470,354
-30,864
| -6% | -$9.71M |
|
25
APA Corp
APA
$13B
| $153M | 1.93% |
1,781,910
-155,158
| -8% | -$13.8M |
|
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Herndon Capital Management's Q4 2013 Portfolio in Review
As of Q4 2013, Herndon Capital Management held 197 positions worth $7.92B, up 4.2% from $7.6B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Herndon Capital Management withdrew a net $629M in Q4 2013, closing 24 positions and reducing 128 holdings. Its most notable exit was Valero Energy, an estimated $4.21M position sold in full.
By sector, the portfolio is most concentrated in Energy at 20% of assets, up from 16% a quarter earlier, followed by Financials and Technology.
Against the trend, Herndon Capital Management opened a new position in SM Energy worth $69.8M.
- Herndon Capital Management's largest Q4 2013 buy was SM Energy: 840,010 shares worth $69.8M.
- Herndon Capital Management added most to Kellanova in Q4 2013, an estimated $142M increase.
- Herndon Capital Management's biggest Q4 2013 reduction was Endo International plc, cutting an estimated $213M.
- Herndon Capital Management fully exited Valero Energy in Q4 2013, selling an estimated $4.21M.
- Herndon Capital Management's ten largest holdings make up 29% of its $7.92B portfolio in Q4 2013.
- Herndon Capital Management opened 18 new positions and closed 24 in Q4 2013.
- Herndon Capital Management's portfolio value rose 4.2% quarter-over-quarter to $7.92B.
Based on Herndon Capital Management's 13F filing for Q4 2013, filed 14 Feb 2014.