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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
-7.23%
1 Year Est. Return
+22.02%
3 Year Est. Return
+20.31%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$5.13B
AUM Growth
-$893M
(-15%)
Cap. Flow
-$401M
Cap. Flow
% of AUM
-7.81%
Top 10 Holdings %
Top 10 Hldgs %
33.33%
Holding
235
New
35
Increased
30
Reduced
92
Closed
23
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ANDV
Andeavor
ANDV
|
+$113M |
| 2 |
Mastercard
MA
|
+$106M |
| 3 |
NE
Noble Corporation
NE
|
+$94.5M |
| 4 |
Accenture
ACN
|
+$56M |
| 5 |
L3Harris
LHX
|
+$55.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ross Stores
ROST
|
+$122M |
| 2 |
Baxter International
BAX
|
+$121M |
| 3 |
EOG Resources
EOG
|
+$115M |
| 4 |
Colgate-Palmolive
CL
|
+$111M |
| 5 |
Aflac
AFL
|
+$97.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 22.14% |
| 2 | Energy | 17.43% |
| 3 | Industrials | 11.02% |
| 4 | Consumer Staples | 10.37% |
| 5 | Technology | 10.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Cboe Global Markets
CBOE
$31.3B
| $201M | 3.91% |
2,991,005
-264,165
| -8% | -$16.7M |
|
2
Lockheed Martin
LMT
$133B
| $200M | 3.9% |
963,805
-82,283
| -8% | -$16.7M |
|
3
TJX Companies
TJX
$178B
| $194M | 3.79% |
5,441,164
-418,968
| -7% | -$14.7M |
|
4
Campbell Soup
CPB
$6.85B
| $176M | 3.43% |
3,466,108
-335,979
| -9% | -$16.5M |
|
5
Altria Group
MO
$126B
| $167M | 3.26% |
3,070,563
-245,029
| -7% | -$13.1M |
|
6
Apple
AAPL
$5.02T
| $167M | 3.25% |
6,045,424
-458,944
| -7% | -$13.5M |
|
7
United Parcel Service
UPS
$89.2B
| $164M | 3.2% |
1,663,604
-134,546
| -7% | -$13.3M |
|
8
Marathon Petroleum
MPC
$90.8B
| $160M | 3.12% |
3,454,476
-342,283
| -9% | -$17.6M |
|
9
Philip Morris
PM
$312B
| $141M | 2.75% |
1,780,029
-151,482
| -8% | -$12.5M |
|
10
Valero Energy
VLO
$90.9B
| $139M | 2.71% |
2,308,564
-225,619
| -9% | -$14.3M |
|
11
Western Digital
WDC
$159B
| $135M | 2.64% |
2,251,346
-197,301
| -8% | -$11.9M |
|
12
ExxonMobil
XOM
$655B
| $134M | 2.62% |
1,807,529
-174,694
| -9% | -$13.5M |
|
13
Halliburton
HAL
$26.4B
| $132M | 2.58% |
3,746,922
+1,115,228
| +42% | +$43.9M |
|
14
Verisk Analytics
VRSK
$29.5B
| $131M | 2.56% |
1,778,491
-135,022
| -7% | -$10.1M |
|
|
MHFI
15
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $129M | 2.53% |
1,496,639
-134,331
| -8% | -$13.2M |
|
16
Moody's
MCO
$84.4B
| $129M | 2.53% |
1,318,027
-116,873
| -8% | -$12.4M |
|
17
Western Union
WU
$2.6B
| $127M | 2.49% |
6,938,403
-712,859
| -9% | -$13.6M |
|
|
DFS
18
DELISTED
Discover Financial Services
DFS
| $127M | 2.47% |
2,437,422
-200,785
| -8% | -$11M |
|
|
AIV
19
Aimco
AIV
$378M
| $123M | 2.4% |
24,986,405
-2,197,962
| -8% | -$11.1M |
|
|
EV
20
DELISTED
Eaton Vance Corp.
EV
| $117M | 2.27% |
3,487,816
-277,546
| -7% | -$10.2M |
|
|
ANDV
21
DELISTED
Andeavor
ANDV
| $114M | 2.22% |
+1,167,789
| New | +$113M |
|
22
NewMarket
NEU
$7.11B
| $113M | 2.21% |
317,582
-27,742
| -8% | -$11.2M |
|
23
LyondellBasell Industries
LYB
$19.4B
| $112M | 2.18% |
1,339,622
-108,604
| -7% | -$9.66M |
|
|
COL
24
DELISTED
Rockwell Collins
COL
| $109M | 2.14% |
1,337,631
-110,010
| -8% | -$9.44M |
|
25
Gilead Sciences
GILD
$165B
| $108M | 2.11% |
1,104,021
-93,176
| -8% | -$10.3M |
|
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Herndon Capital Management's Q3 2015 Portfolio in Review
As of Q3 2015, Herndon Capital Management held 235 positions worth $5.13B, down 15% from $6.02B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Herndon Capital Management withdrew a net $401M in Q3 2015, closing 23 positions and reducing 92 holdings. Its most notable exit was Baxter International, an estimated $121M position sold in full.
By sector, the portfolio is most concentrated in Financials at 22% of assets, up from 20% a quarter earlier, followed by Energy and Industrials.
Against the trend, Herndon Capital Management opened a new position in Andeavor worth $114M.
- Herndon Capital Management's largest Q3 2015 buy was Andeavor: 1,167,789 shares worth $114M.
- Herndon Capital Management added most to Mastercard in Q3 2015, an estimated $106M increase.
- Herndon Capital Management's biggest Q3 2015 reduction was Ross Stores, cutting an estimated $122M.
- Herndon Capital Management fully exited Baxter International in Q3 2015, selling an estimated $121M.
- Herndon Capital Management's ten largest holdings make up 33% of its $5.13B portfolio in Q3 2015.
- Herndon Capital Management opened 35 new positions and closed 23 in Q3 2015.
- Herndon Capital Management's portfolio value fell 15% quarter-over-quarter to $5.13B.
Based on Herndon Capital Management's 13F filing for Q3 2015, filed 10 Nov 2015.