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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
+1.3%
1 Year Est. Return
+22.02%
3 Year Est. Return
+20.31%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$7.59B
AUM Growth
-$378M
Cap. Flow
-$366M
Cap. Flow %
-4.82%
Top 10 Hldgs %
28.4%
Holding
181
New
16
Increased
18
Reduced
97
Closed
20

Top Buys

Rank Stock Value
1
CAT icon
Caterpillar
CAT
+$136M
2
K
Kellanova
K
+$114M
3
ATW
Atwood Oceanics
ATW
+$98.2M
4
VLO icon
Valero Energy
VLO
+$92.9M
5
OIS icon
Oil States International
OIS
+$90.9M

Top Sells

Rank Stock Value
1
CVX icon
Chevron
CVX
+$211M
2
JOY
Joy Global Inc
JOY
+$196M
3
BAX icon
Baxter International
BAX
+$142M
4
AGNC icon
AGNC Investment
AGNC
+$87M
5
ENDP
Endo International plc
ENDP
+$84.3M

Sector Composition

Rank Sector Weight
1 Financials 18.37%
2 Energy 16.38%
3 Technology 11.76%
4 Consumer Staples 10.44%
5 Healthcare 9.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.97T
$264M 3.48%
10,372,336
-372,200
-3% -$9.13M
LMT icon
2
Lockheed Martin
LMT
$131B
$235M 3.1%
1,277,704
-34,108
-3% -$5.81M
WDC icon
3
Western Digital
WDC
$159B
$224M 2.94%
3,033,394
-129,408
-4% -$9.73M
CBOE icon
4
Cboe Global Markets
CBOE
$32.2B
$220M 2.9%
4,035,419
-191,816
-5% -$9.81M
TJX icon
5
TJX Companies
TJX
$179B
$216M 2.85%
7,222,224
-304,838
-4% -$8.6M
DFS
6
DELISTED
Discover Financial Services
DFS
$209M 2.76%
3,254,330
-146,202
-4% -$9.16M
MSFT icon
7
Microsoft
MSFT
$2.9T
$203M 2.68%
4,374,408
-162,342
-4% -$7.24M
MPC icon
8
Marathon Petroleum
MPC
$90.1B
$200M 2.64%
4,672,294
-171,722
-4% -$7.29M
GILD icon
9
Gilead Sciences
GILD
$165B
$194M 2.56%
1,809,286
+795,250
+78% +$77.9M
AFL icon
10
Aflac
AFL
$65.5B
$190M 2.5%
6,491,324
-280,592
-4% -$8.54M
MO icon
11
Altria Group
MO
$125B
$187M 2.46%
4,024,464
-132,508
-3% -$5.68M
CL icon
12
Colgate-Palmolive
CL
$74.8B
$186M 2.45%
2,836,245
-100,393
-3% -$6.62M
VTRS icon
13
Viatris
VTRS
$20.8B
$182M 2.39%
3,876,771
-145,242
-4% -$7.06M
MHFI
14
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
$173M 2.28%
2,021,226
-94,843
-4% -$7.8M
SM icon
15
SM Energy
SM
$7.6B
$171M 2.26%
2,310,070
+649,548
+39% +$53M
MCO icon
16
Moody's
MCO
$83.7B
$170M 2.24%
1,781,012
+797,031
+81% +$73M
IBM icon
17
IBM
IBM
$213B
$168M 2.21%
948,486
-41,347
-4% -$7.53M
NEU icon
18
NewMarket
NEU
$7.24B
$164M 2.16%
436,722
-16,903
-4% -$6.7M
CF icon
19
CF Industries
CF
$19.6B
$163M 2.15%
2,956,780
-117,055
-4% -$5.94M
WDR
20
DELISTED
Waddell & Reed Financial, Inc.
WDR
$162M 2.14%
3,183,347
-135,197
-4% -$7.53M
CLR
21
DELISTED
CONTINENTAL RESOURCES INC.
CLR
$161M 2.12%
2,492,936
-95,248
-4% -$7.1M
LYB icon
22
LyondellBasell Industries
LYB
$19.5B
$158M 2.07%
1,489,974
-420,677
-22% -$45.5M
COR icon
23
Cencora
COR
$62B
$157M 2.07%
2,014,965
+768,991
+62% +$58.5M
COP icon
24
ConocoPhillips
COP
$144B
$152M 2.01%
2,011,488
-72,818
-3% -$5.96M
WU icon
25
Western Union
WU
$2.53B
$152M 2%
9,387,644
-339,523
-3% -$5.84M
1
2 3 4 5

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Herndon Capital Management's Q3 2014 Portfolio in Review

As of Q3 2014, Herndon Capital Management held 181 positions worth $7.59B, down 4.7% from $7.97B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Herndon Capital Management withdrew a net $366M in Q3 2014, closing 20 positions and reducing 97 holdings. Its most notable exit was Joy Global Inc, an estimated $196M position sold in full.

By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 17% a quarter earlier, followed by Energy and Technology.

Against the trend, Herndon Capital Management opened a new position in Valero Energy worth $87.3M.

  • Herndon Capital Management's largest Q3 2014 buy was Valero Energy: 1,841,011 shares worth $87.3M.
  • Herndon Capital Management added most to Caterpillar in Q3 2014, an estimated $136M increase.
  • Herndon Capital Management's biggest Q3 2014 reduction was Chevron, cutting an estimated $211M.
  • Herndon Capital Management fully exited Joy Global Inc in Q3 2014, selling an estimated $196M.
  • Herndon Capital Management's ten largest holdings make up 28% of its $7.59B portfolio in Q3 2014.
  • Herndon Capital Management opened 16 new positions and closed 20 in Q3 2014.
  • Herndon Capital Management's portfolio value fell 4.7% quarter-over-quarter to $7.59B.

Based on Herndon Capital Management's 13F filing for Q3 2014, filed 13 Nov 2014.