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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
-1.6%
1 Year Est. Return
+22.02%
3 Year Est. Return
+20.31%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$3.99B
AUM Growth
-$742M
(-16%)
Cap. Flow
-$622M
Cap. Flow
% of AUM
-15.58%
Top 10 Holdings %
Top 10 Hldgs %
34.05%
Holding
221
New
16
Increased
47
Reduced
94
Closed
36
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AES
AES
|
+$72M |
| 2 |
Devon Energy
DVN
|
+$62.2M |
| 3 |
Oceaneering
OII
|
+$60.8M |
| 4 |
CBRE Group
CBRE
|
+$39.9M |
| 5 |
Federated Hermes
FHI
|
+$38.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verisk Analytics
VRSK
|
+$118M |
| 2 |
AIV
Aimco
AIV
|
+$115M |
| 3 |
Jazz Pharmaceuticals
JAZZ
|
+$89.7M |
| 4 |
APA Corp
APA
|
+$81.8M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
1
TJX Companies
TJX
$179B
| $167M | 4.19% |
4,273,890
-699,496
| -14% | -$25.4M |
|
2
Cboe Global Markets
CBOE
$32.2B
| $152M | 3.8% |
2,320,631
-413,322
| -15% | -$26.4M |
|
3
Altria Group
MO
$125B
| $151M | 3.79% |
2,415,085
-418,450
| -15% | -$25.3M |
|
4
United Parcel Service
UPS
$88.9B
| $139M | 3.49% |
1,319,892
-218,546
| -14% | -$21.2M |
|
5
Philip Morris
PM
$309B
| $137M | 3.43% |
1,397,530
-241,945
| -15% | -$22.2M |
|
6
Apple
AAPL
$4.97T
| $131M | 3.28% |
4,801,352
-770,644
| -14% | -$19.2M |
|
|
7
Lockheed Martin
LMT
$131B
| $130M | 3.25% |
585,035
-297,976
| -34% | -$64.1M |
|
8
AbbVie
ABBV
$465B
| $120M | 3% |
2,095,552
-308,310
| -13% | -$17.2M |
|
9
Valero Energy
VLO
$89.5B
| $118M | 2.95% |
1,836,112
-292,682
| -14% | -$18.6M |
|
|
MHFI
10
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $115M | 2.87% |
1,158,177
-209,646
| -15% | -$18.8M |
|
11
American Express
AXP
$224B
| $105M | 2.63% |
1,709,313
-266,660
| -13% | -$15.5M |
|
12
Western Union
WU
$2.53B
| $105M | 2.62% |
5,427,754
-912,184
| -14% | -$16.4M |
|
13
Western Digital
WDC
$159B
| $103M | 2.57% |
2,871,945
+827,319
| +40% | +$29.6M |
|
14
Marathon Petroleum
MPC
$90.1B
| $102M | 2.56% |
2,748,788
-431,354
| -14% | -$16.4M |
|
|
ANDV
15
DELISTED
Andeavor
ANDV
| $102M | 2.56% |
1,186,624
+116,662
| +11% | +$10M |
|
16
Moody's
MCO
$83.7B
| $98.4M | 2.47% |
1,019,544
-185,729
| -15% | -$16.7M |
|
|
NE
17
DELISTED
Noble Corporation
NE
| $98.3M | 2.46% |
9,499,931
-1,397,790
| -13% | -$12.7M |
|
18
NewMarket
NEU
$7.24B
| $98M | 2.46% |
247,330
-41,118
| -14% | -$15.1M |
|
|
COL
19
DELISTED
Rockwell Collins
COL
| $96.7M | 2.42% |
1,048,417
-173,769
| -14% | -$15.1M |
|
|
DFS
20
DELISTED
Discover Financial Services
DFS
| $96.4M | 2.42% |
1,893,917
-342,692
| -15% | -$16.5M |
|
|
EV
21
DELISTED
Eaton Vance Corp.
EV
| $90.8M | 2.28% |
2,710,048
-459,959
| -15% | -$13.7M |
|
22
LyondellBasell Industries
LYB
$19.5B
| $89M | 2.23% |
1,039,798
-184,982
| -15% | -$14.8M |
|
23
Mastercard
MA
$498B
| $88.2M | 2.21% |
933,251
-150,846
| -14% | -$13.3M |
|
|
24
AES
AES
$10.6B
| $88.1M | 2.21% |
7,465,399
+7,226,772
| +3,028% | +$72M |
|
25
L3Harris
LHX
$55.4B
| $87M | 2.18% |
1,117,426
-185,428
| -14% | -$14.8M |
|
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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.