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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
+5.66%
1 Year Est. Return
+22.02%
3 Year Est. Return
+20.31%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$686M
AUM Growth
-$70.8M
(-9.4%)
Cap. Flow
-$111M
Cap. Flow
% of AUM
-16.16%
Top 10 Holdings %
Top 10 Hldgs %
30.67%
Holding
224
New
8
Increased
80
Reduced
70
Closed
35
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ANDV
Andeavor
ANDV
|
+$9.27M |
| 2 |
Kroger
KR
|
+$6.77M |
| 3 |
Campbell Soup
CPB
|
+$5.7M |
| 4 |
Gilead Sciences
GILD
|
+$5.23M |
| 5 |
COL
Rockwell Collins
COL
|
+$1.22M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Devon Energy
DVN
|
+$20.2M |
| 2 |
United Rentals
URI
|
+$10.2M |
| 3 |
CBRE Group
CBRE
|
+$10M |
| 4 |
Altria Group
MO
|
+$9.87M |
| 5 |
Philip Morris
PM
|
+$9.78M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 30.34% |
| 2 | Technology | 12.81% |
| 3 | Industrials | 12.79% |
| 4 | Healthcare | 9.18% |
| 5 | Consumer Staples | 9.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.67T
| $23M | 3.35% |
639,484
-96,304
| -13% | -$3.17M |
|
2
S&P Global
SPGI
$131B
| $22.5M | 3.27% |
171,743
-26,230
| -13% | -$3.26M |
|
|
3
Gilead Sciences
GILD
$187B
| $21.3M | 3.11% |
313,915
+74,417
| +31% | +$5.23M |
|
4
Viatris
VTRS
$19.4B
| $21.3M | 3.1% |
545,326
-74,540
| -12% | -$3M |
|
5
AES
AES
$10.6B
| $21M | 3.06% |
1,878,536
-284,649
| -13% | -$3.25M |
|
6
LyondellBasell Industries
LYB
$20.5B
| $20.9M | 3.05% |
229,526
-34,933
| -13% | -$3.19M |
|
7
Western Digital
WDC
$169B
| $20.3M | 2.95% |
324,810
-50,037
| -13% | -$2.87M |
|
8
Cboe Global Markets
CBOE
$31.2B
| $20.1M | 2.93% |
247,788
-38,438
| -13% | -$3.01M |
|
9
AbbVie
ABBV
$453B
| $20.1M | 2.92% |
307,949
-46,021
| -13% | -$2.89M |
|
10
American Express
AXP
$220B
| $20M | 2.92% |
253,385
-37,524
| -13% | -$2.93M |
|
|
DFS
11
DELISTED
Discover Financial Services
DFS
| $19.5M | 2.85% |
285,690
-43,498
| -13% | -$3.05M |
|
12
Synchrony
SYF
$26B
| $19.4M | 2.83% |
565,143
-87,521
| -13% | -$3.14M |
|
|
COL
13
DELISTED
Rockwell Collins
COL
| $19M | 2.76% |
195,095
+12,985
| +7% | +$1.22M |
|
|
14
Campbell Soup
CPB
$6.38B
| $18.5M | 2.7% |
323,076
+94,152
| +41% | +$5.7M |
|
15
United Parcel Service
UPS
$87B
| $18.5M | 2.69% |
171,980
+11,143
| +7% | +$1.22M |
|
|
EV
16
DELISTED
Eaton Vance Corp.
EV
| $17.7M | 2.58% |
393,146
-61,116
| -13% | -$2.71M |
|
|
17
Philip Morris
PM
$284B
| $17.2M | 2.5% |
151,921
-94,759
| -38% | -$9.78M |
|
18
Moody's
MCO
$85.5B
| $17M | 2.48% |
151,574
-23,566
| -13% | -$2.53M |
|
19
L3Harris
LHX
$47.8B
| $17M | 2.47% |
152,558
-23,921
| -14% | -$2.56M |
|
20
Hewlett Packard
HPE
$69B
| $16.8M | 2.45% |
1,218,442
-186,197
| -13% | -$2.5M |
|
21
NewMarket
NEU
$8.14B
| $16.7M | 2.43% |
36,773
-5,713
| -13% | -$2.5M |
|
|
22
United Rentals
URI
$62.9B
| $16.3M | 2.38% |
130,557
-83,767
| -39% | -$10.2M |
|
|
ANDV
23
DELISTED
Andeavor
ANDV
| $16.3M | 2.37% |
200,539
+110,640
| +123% | +$9.27M |
|
24
Lockheed Martin
LMT
$121B
| $16.2M | 2.36% |
60,536
-9,322
| -13% | -$2.44M |
|
|
25
CBRE Group
CBRE
$42.8B
| $15.4M | 2.25% |
443,796
-300,368
| -40% | -$10M |
|
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Herndon Capital Management's Q1 2017 Portfolio in Review
As of Q1 2017, Herndon Capital Management held 224 positions worth $686M, down 9.4% from $757M the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Herndon Capital Management withdrew a net $111M in Q1 2017, closing 35 positions and reducing 70 holdings. Its most notable exit was Devon Energy, an estimated $20.2M position sold in full.
By sector, the portfolio is most concentrated in Financials at 30% of assets, up from 30% a quarter earlier, followed by Technology and Industrials.
Against the trend, Herndon Capital Management opened a new position in Telkom Indonesia worth $414K.
- Herndon Capital Management's largest Q1 2017 buy was Telkom Indonesia: 13,277 shares worth $414K.
- Herndon Capital Management added most to Andeavor in Q1 2017, an estimated $9.27M increase.
- Herndon Capital Management's biggest Q1 2017 reduction was United Rentals, cutting an estimated $10.2M.
- Herndon Capital Management fully exited Devon Energy in Q1 2017, selling an estimated $20.2M.
- Herndon Capital Management's ten largest holdings make up 31% of its $686M portfolio in Q1 2017.
- Herndon Capital Management opened 8 new positions and closed 35 in Q1 2017.
- Herndon Capital Management's portfolio value fell 9.4% quarter-over-quarter to $686M.
Based on Herndon Capital Management's 13F filing for Q1 2017, filed 10 May 2017.