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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
+6.34%
1 Year Est. Return
+22.02%
3 Year Est. Return
+20.31%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$757M
AUM Growth
-$1.25B
(-62%)
Cap. Flow
-$1.31B
Cap. Flow
% of AUM
-172.96%
Top 10 Holdings %
Top 10 Hldgs %
30.56%
Holding
632
New
16
Increased
30
Reduced
119
Closed
415
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verizon
VZ
|
+$14.9M |
| 2 |
Vanguard S&P 500 ETF
VOO
|
+$1.57M |
| 3 |
Ryanair
RYAAY
|
+$690K |
| 4 |
PPG Industries
PPG
|
+$78.5K |
| 5 |
Amgen
AMGN
|
+$73.9K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AES
AES
|
+$46.7M |
| 2 |
Marathon Petroleum
MPC
|
+$45.9M |
| 3 |
Western Digital
WDC
|
+$44.7M |
| 4 |
S&P Global
SPGI
|
+$43.2M |
| 5 |
Philip Morris
PM
|
+$42.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 27.44% |
| 2 | Technology | 11.8% |
| 3 | Industrials | 10.3% |
| 4 | Consumer Staples | 8.73% |
| 5 | Healthcare | 8.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
AES
AES
$10.6B
| $25.1M | 3.32% |
2,163,185
-3,980,929
| -65% | -$46.7M |
|
|
DFS
2
DELISTED
Discover Financial Services
DFS
| $23.7M | 3.14% |
329,188
-602,344
| -65% | -$38.3M |
|
3
Synchrony
SYF
$24.4B
| $23.7M | 3.13% |
652,664
-1,194,859
| -65% | -$38.1M |
|
4
Viatris
VTRS
$20.8B
| $23.6M | 3.12% |
619,866
-604,731
| -49% | -$22.5M |
|
5
CBRE Group
CBRE
$43.3B
| $23.4M | 3.1% |
744,164
-1,371,147
| -65% | -$39.7M |
|
6
LyondellBasell Industries
LYB
$19.5B
| $22.7M | 3% |
264,459
-483,442
| -65% | -$40.6M |
|
7
United Rentals
URI
$65.7B
| $22.6M | 2.99% |
214,324
-173,729
| -45% | -$15.8M |
|
|
8
Philip Morris
PM
$309B
| $22.6M | 2.98% |
246,680
-462,768
| -65% | -$42.9M |
|
9
AbbVie
ABBV
$465B
| $22.2M | 2.93% |
353,970
-655,538
| -65% | -$40M |
|
10
Altria Group
MO
$125B
| $21.6M | 2.86% |
319,956
-608,006
| -66% | -$39.2M |
|
11
American Express
AXP
$224B
| $21.6M | 2.85% |
290,909
-535,774
| -65% | -$37.1M |
|
12
Apple
AAPL
$4.97T
| $21.3M | 2.81% |
735,788
-1,380,884
| -65% | -$39.1M |
|
|
13
S&P Global
SPGI
$124B
| $21.3M | 2.81% |
197,973
-361,920
| -65% | -$43.2M |
|
14
Cboe Global Markets
CBOE
$32.2B
| $21.1M | 2.79% |
286,226
-528,202
| -65% | -$36.4M |
|
15
Devon Energy
DVN
$51.3B
| $20.2M | 2.67% |
442,775
-812,979
| -65% | -$35.9M |
|
|
16
Western Digital
WDC
$159B
| $19.3M | 2.54% |
374,847
-970,137
| -72% | -$44.7M |
|
|
EV
17
DELISTED
Eaton Vance Corp.
EV
| $19M | 2.51% |
454,262
-831,050
| -65% | -$32.7M |
|
18
Hewlett Packard
HPE
$58.8B
| $18.9M | 2.5% |
1,404,639
-2,748,912
| -66% | -$36.7M |
|
19
United Parcel Service
UPS
$88.9B
| $18.4M | 2.44% |
160,837
-293,590
| -65% | -$33.1M |
|
20
L3Harris
LHX
$55.4B
| $18.1M | 2.39% |
176,479
-320,801
| -65% | -$31.7M |
|
21
NewMarket
NEU
$7.24B
| $18M | 2.38% |
42,486
-77,738
| -65% | -$32.1M |
|
22
Lockheed Martin
LMT
$131B
| $17.5M | 2.31% |
69,858
-133,809
| -66% | -$33.4M |
|
23
Gilead Sciences
GILD
$165B
| $17.1M | 2.27% |
239,498
-180,677
| -43% | -$13.4M |
|
|
COL
24
DELISTED
Rockwell Collins
COL
| $16.9M | 2.23% |
182,110
-325,702
| -64% | -$28.7M |
|
25
TJX Companies
TJX
$179B
| $16.9M | 2.23% |
448,562
-1,105,516
| -71% | -$41.8M |
|
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Herndon Capital Management's Q4 2016 Portfolio in Review
As of Q4 2016, Herndon Capital Management held 632 positions worth $757M, down 62% from $2B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Herndon Capital Management withdrew a net $1.31B in Q4 2016, closing 415 positions and reducing 119 holdings. Its most notable exit was Oceaneering, an estimated $1.72M position sold in full.
By sector, the portfolio is most concentrated in Financials at 27% of assets, down from 28% a quarter earlier, followed by Technology and Industrials.
Against the trend, Herndon Capital Management opened a new position in Ryanair worth $730K.
- Herndon Capital Management's largest Q4 2016 buy was Ryanair: 21,905 shares worth $730K.
- Herndon Capital Management added most to Verizon in Q4 2016, an estimated $14.9M increase.
- Herndon Capital Management's biggest Q4 2016 reduction was AES, cutting an estimated $46.7M.
- Herndon Capital Management fully exited Oceaneering in Q4 2016, selling an estimated $1.72M.
- Herndon Capital Management's ten largest holdings make up 31% of its $757M portfolio in Q4 2016.
- Herndon Capital Management opened 16 new positions and closed 415 in Q4 2016.
- Herndon Capital Management's portfolio value fell 62% quarter-over-quarter to $757M.
Based on Herndon Capital Management's 13F filing for Q4 2016, filed 2 Feb 2017.