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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
+6.39%
1 Year Est. Return
+22.02%
3 Year Est. Return
+20.31%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2B
AUM Growth
-$603M
(-23%)
Cap. Flow
-$735M
Cap. Flow
% of AUM
-36.66%
Top 10 Holdings %
Top 10 Hldgs %
31.84%
Holding
635
New
2
Increased
33
Reduced
152
Closed
19
Top Buys
| 1 |
Affiliated Managers Group
AMG
|
+$30.9M |
| 2 |
Omnicom Group
OMC
|
+$30.4M |
| 3 |
Ameriprise Financial
AMP
|
+$29.9M |
| 4 |
Kroger
KR
|
+$20.8M |
| 5 |
Celanese
CE
|
+$19.6M |
Top Sells
| 1 |
Franklin Resources
BEN
|
+$76.8M |
| 2 |
Cboe Global Markets
CBOE
|
+$49.2M |
| 3 |
TJX Companies
TJX
|
+$49.1M |
| 4 |
Altria Group
MO
|
+$48.6M |
| 5 |
Lockheed Martin
LMT
|
+$44.9M |
Sector Composition
| 1 | Financials | 27.56% |
| 2 | Technology | 13.02% |
| 3 | Consumer Staples | 9.16% |
| 4 | Industrials | 8.82% |
| 5 | Energy | 8.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
AES
AES
$10.6B
| $79M | 3.94% |
6,144,114
-2,208,166
| -26% | -$27.5M |
|
2
S&P Global
SPGI
$135B
| $70.9M | 3.54% |
559,893
-197,424
| -26% | -$23.7M |
|
3
Philip Morris
PM
$296B
| $69M | 3.44% |
709,448
-241,113
| -25% | -$24.2M |
|
4
AbbVie
ABBV
$449B
| $63.7M | 3.18% |
1,009,508
-355,692
| -26% | -$23M |
|
5
LyondellBasell Industries
LYB
$18.7B
| $60.3M | 3.01% |
747,901
+60,866
| +9% | +$4.7M |
|
6
Apple
AAPL
$4.89T
| $59.8M | 2.99% |
2,116,672
-763,516
| -27% | -$20.2M |
|
7
Western Digital
WDC
$161B
| $59.4M | 2.97% |
1,344,984
-492,345
| -27% | -$18.6M |
|
8
CBRE Group
CBRE
$42.1B
| $59.2M | 2.95% |
2,115,311
+213,280
| +11% | +$6.09M |
|
|
9
Altria Group
MO
$122B
| $58.7M | 2.93% |
927,962
-731,514
| -44% | -$48.6M |
|
|
10
TJX Companies
TJX
$171B
| $58.1M | 2.9% |
1,554,078
-1,255,098
| -45% | -$49.1M |
|
11
Devon Energy
DVN
$49.6B
| $55.4M | 2.76% |
1,255,754
-439,225
| -26% | -$17.8M |
|
12
Hewlett Packard
HPE
$59.8B
| $54.9M | 2.74% |
4,153,551
-2,596,119
| -38% | -$32.1M |
|
13
Moody's
MCO
$90.7B
| $53.7M | 2.68% |
495,960
-180,690
| -27% | -$19M |
|
14
American Express
AXP
$247B
| $52.9M | 2.64% |
826,683
-286,348
| -26% | -$18.4M |
|
15
Marathon Petroleum
MPC
$89.3B
| $52.9M | 2.64% |
1,302,426
-518,501
| -28% | -$21M |
|
|
16
Cboe Global Markets
CBOE
$29.1B
| $52.8M | 2.64% |
814,428
-721,671
| -47% | -$49.2M |
|
|
DFS
17
DELISTED
Discover Financial Services
DFS
| $52.7M | 2.63% |
931,532
-323,352
| -26% | -$18.5M |
|
18
Synchrony
SYF
$25B
| $51.7M | 2.58% |
1,847,523
-635,490
| -26% | -$17.5M |
|
19
NewMarket
NEU
$7.1B
| $51.6M | 2.58% |
120,224
-43,346
| -26% | -$18.5M |
|
|
EV
20
DELISTED
Eaton Vance Corp.
EV
| $50.2M | 2.5% |
1,285,312
-471,527
| -27% | -$18M |
|
21
United Parcel Service
UPS
$99.6B
| $49.7M | 2.48% |
454,427
-408,425
| -47% | -$44.6M |
|
|
22
Lockheed Martin
LMT
$118B
| $48.8M | 2.44% |
203,667
-179,503
| -47% | -$44.9M |
|
23
Viatris
VTRS
$20.2B
| $46.7M | 2.33% |
1,224,597
+152,336
| +14% | +$6.77M |
|
24
Accenture
ACN
$88.5B
| $46.4M | 2.32% |
379,879
-156,060
| -29% | -$17.8M |
|
25
L3Harris
LHX
$53B
| $45.6M | 2.27% |
497,280
-212,379
| -30% | -$18.9M |
|
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Herndon Capital Management's Q3 2016 Portfolio in Review
As of Q3 2016, Herndon Capital Management held 635 positions worth $2B, down 23% from $2.61B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Herndon Capital Management withdrew a net $735M in Q3 2016, closing 19 positions and reducing 152 holdings. Its most notable exit was Telkom Indonesia, an estimated $1.79M position sold in full.
By sector, the portfolio is most concentrated in Financials at 28% of assets, up from 27% a quarter earlier, followed by Technology and Consumer Staples.
Against the trend, Herndon Capital Management opened a new position in HFF Inc. worth $5K.
- Herndon Capital Management's largest Q3 2016 buy was HFF Inc.: 191 shares worth $5K.
- Herndon Capital Management added most to Affiliated Managers Group in Q3 2016, an estimated $30.9M increase.
- Herndon Capital Management's biggest Q3 2016 reduction was Franklin Resources, cutting an estimated $76.8M.
- Herndon Capital Management fully exited Telkom Indonesia in Q3 2016, selling an estimated $1.79M.
- Herndon Capital Management's ten largest holdings make up 32% of its $2B portfolio in Q3 2016.
- Herndon Capital Management opened 2 new positions and closed 19 in Q3 2016.
- Herndon Capital Management's portfolio value fell 23% quarter-over-quarter to $2B.
Based on Herndon Capital Management's 13F filing for Q3 2016, filed 7 Nov 2016.