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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
-0.01%
1 Year Est. Return
+22.02%
3 Year Est. Return
+20.31%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2.61B
AUM Growth
-$1.38B
(-35%)
Cap. Flow
-$1.34B
Cap. Flow
% of AUM
-51.31%
Top 10 Holdings %
Top 10 Hldgs %
36.53%
Holding
636
New
450
Increased
54
Reduced
122
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
S&P Global
SPGI
|
+$81.3M |
| 2 |
Synchrony
SYF
|
+$32.5M |
| 3 |
HP
HPQ
|
+$19.8M |
| 4 |
CBRE Group
CBRE
|
+$11.5M |
| 5 |
Federated Hermes
FHI
|
+$10.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
|
+$115M |
| 2 |
NE
Noble Corporation
NE
|
+$90M |
| 3 |
Western Union
WU
|
+$77.8M |
| 4 |
ANDV
Andeavor
ANDV
|
+$75.2M |
| 5 |
WDR
Waddell & Reed Financial, Inc.
WDR
|
+$70.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 26.55% |
| 2 | Technology | 12.24% |
| 3 | Industrials | 10.93% |
| 4 | Consumer Staples | 10.49% |
| 5 | Energy | 9.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Altria Group
MO
$125B
| $114M | 4.39% |
1,659,476
-755,609
| -31% | -$48.4M |
|
2
TJX Companies
TJX
$179B
| $108M | 4.16% |
2,809,176
-1,464,714
| -34% | -$55.9M |
|
3
AES
AES
$10.6B
| $104M | 4% |
8,352,280
+886,881
| +12% | +$9.99M |
|
4
Cboe Global Markets
CBOE
$32.2B
| $102M | 3.92% |
1,536,099
-784,532
| -34% | -$50.3M |
|
5
Philip Morris
PM
$309B
| $96.7M | 3.71% |
950,561
-446,969
| -32% | -$44.6M |
|
6
Lockheed Martin
LMT
$131B
| $95.1M | 3.65% |
383,170
-201,865
| -35% | -$47.6M |
|
7
United Parcel Service
UPS
$88.9B
| $92.9M | 3.56% |
862,852
-457,040
| -35% | -$47.6M |
|
8
AbbVie
ABBV
$465B
| $84.5M | 3.24% |
1,365,200
-730,352
| -35% | -$44.5M |
|
|
9
S&P Global
SPGI
$124B
| $81.2M | 3.12% |
+757,317
| New | +$81.3M |
|
10
Franklin Resources
BEN
$16.8B
| $72.6M | 2.78% |
2,175,335
+31,408
| +1% | +$1.14M |
|
11
Hewlett Packard
HPE
$58.8B
| $71.7M | 2.75% |
6,749,670
-550,634
| -8% | -$5.6M |
|
12
Marathon Petroleum
MPC
$90.1B
| $69.1M | 2.65% |
1,820,927
-927,861
| -34% | -$34.1M |
|
13
Apple
AAPL
$4.97T
| $68.8M | 2.64% |
2,880,188
-1,921,164
| -40% | -$47.7M |
|
14
NewMarket
NEU
$7.24B
| $67.8M | 2.6% |
163,570
-83,760
| -34% | -$33.8M |
|
15
American Express
AXP
$224B
| $67.6M | 2.59% |
1,113,031
-596,282
| -35% | -$37.8M |
|
|
DFS
16
DELISTED
Discover Financial Services
DFS
| $67.2M | 2.58% |
1,254,884
-639,033
| -34% | -$34.8M |
|
17
Western Digital
WDC
$159B
| $65.6M | 2.52% |
1,837,329
-1,034,616
| -36% | -$34.1M |
|
18
Moody's
MCO
$83.7B
| $63.4M | 2.43% |
676,650
-342,894
| -34% | -$33.1M |
|
|
19
Synchrony
SYF
$24.4B
| $62.8M | 2.41% |
2,483,013
+1,118,108
| +82% | +$32.5M |
|
|
EV
20
DELISTED
Eaton Vance Corp.
EV
| $62.1M | 2.38% |
1,756,839
-953,209
| -35% | -$33.4M |
|
21
Valero Energy
VLO
$89.5B
| $62M | 2.38% |
1,214,805
-621,307
| -34% | -$35.2M |
|
22
Devon Energy
DVN
$51.3B
| $61.4M | 2.36% |
1,694,979
-861,946
| -34% | -$29.2M |
|
23
Accenture
ACN
$106B
| $60.7M | 2.33% |
535,939
-164,094
| -23% | -$19M |
|
24
L3Harris
LHX
$55.4B
| $59.2M | 2.27% |
709,659
-407,767
| -36% | -$32.2M |
|
|
COL
25
DELISTED
Rockwell Collins
COL
| $58.8M | 2.26% |
690,920
-357,497
| -34% | -$31.9M |
|
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Herndon Capital Management's Q2 2016 Portfolio in Review
As of Q2 2016, Herndon Capital Management held 636 positions worth $2.61B, down 35% from $3.99B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Herndon Capital Management withdrew a net $1.34B in Q2 2016, closing 3 positions and reducing 122 holdings. Its most notable exit was MCGRAW-HILL FINANCIAL INC COM, an estimated $115M position sold in full.
By sector, the portfolio is most concentrated in Financials at 27% of assets, down from 27% a quarter earlier, followed by Technology and Industrials.
Against the trend, Herndon Capital Management opened a new position in S&P Global worth $81.2M.
- Herndon Capital Management's largest Q2 2016 buy was S&P Global: 757,317 shares worth $81.2M.
- Herndon Capital Management added most to Synchrony in Q2 2016, an estimated $32.5M increase.
- Herndon Capital Management's biggest Q2 2016 reduction was Noble Corporation, cutting an estimated $90M.
- Herndon Capital Management fully exited MCGRAW-HILL FINANCIAL INC COM in Q2 2016, selling an estimated $115M.
- Herndon Capital Management's ten largest holdings make up 37% of its $2.61B portfolio in Q2 2016.
- Herndon Capital Management opened 450 new positions and closed 3 in Q2 2016.
- Herndon Capital Management's portfolio value fell 35% quarter-over-quarter to $2.61B.
Based on Herndon Capital Management's 13F filing for Q2 2016, filed 29 Jul 2016.