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Institutional Investment Manager
HERITAGE INVESTORS MANAGEMENT CORP
HERITAGE INVESTORS MANAGEMENT CORP (CIK: 0000937589) incorporated in District of Columbia, located at 7101 Wisconsin Avenue Ste 950, Bethesda, MD. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q1)
Portfolio Summary: 173 holdings with a total value of $1,298,741,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 MONSANTO CO NEW 129,062 11,324,000 0.87%
52 DU PONT E I DE NEMOURS & CO 177,644 11,248,000 0.87%
53 SYNCHRONY FINL 381,419 10,931,000 0.84%
54 ARCHER DANIELS MIDLAND CO 297,696 10,809,000 0.83%
55 GOLDMAN SACHS GROUP INC 65,487 10,280,000 0.79%
56 3M CO 61,483 10,245,000 0.79%
57 MCKESSON CORP 62,979 9,903,000 0.76%
58 FEDEX CORP 59,924 9,751,000 0.75%
59 AIR PRODS & CHEMS INC 66,977 9,648,000 0.74%
60 CSX CORP 358,500 9,231,000 0.71%
61 CITIGROUPINC 219,983 9,184,000 0.71%
62 BANK AMER CORP 663,748 8,974,000 0.69%
63 VANGUARD INTL EQUITY INDEX F 207,839 8,968,000 0.69%
64 BLACKROCK INC 25,497 8,684,000 0.67%
65 L BRANDS INC 94,652 8,311,000 0.64%
66 Alcoa 835,493 8,004,000 0.62%
67 HONEYWELL INTL INC 69,512 7,789,000 0.60%
68 PHILLIPS 66 89,167 7,721,000 0.59%
69 TEVA PHARMACEUTICAL INDS LTD 142,822 7,642,000 0.59%
70 NORFOLK SOUTHERN CORP 86,740 7,221,000 0.56%
71 CONOCOPHILLIPS 179,028 7,209,000 0.56%
72 CAPITAL ONE FINL CORP 102,781 7,124,000 0.55%
73 LOCKHEED MARTIN CORP 31,723 7,027,000 0.54%
74 BRISTOL MYERS SQUIBB CO 103,856 6,634,000 0.51%
75 EXPRESS SCRIPTS HLDG CO 95,668 6,571,000 0.51%
76 HARLEY DAVIDSON INC 122,129 6,269,000 0.48%
77 TOYOTA MOTOR CORP 58,535 6,223,000 0.48%
78 ABBVIE INC 105,944 6,052,000 0.47%
79 MORGAN STANLEY 232,373 5,812,000 0.45%
80 HERSHEY CO 63,054 5,807,000 0.45%
81 MEDTRONIC PLC 75,938 5,695,000 0.44%
82 PRAXAIR INC 44,080 5,045,000 0.39%
83 COMCAST CORP NEW 80,713 4,930,000 0.38%
84 FORD MTR CO DEL 340,904 4,602,000 0.35%
85 HEWLETT PACKARD ENTERPRISE C 251,419 4,458,000 0.34%
86 TARGET CORP 50,521 4,157,000 0.32%
87 VANGUARD INTL EQUITY INDEX F 117,438 4,061,000 0.31%
88 SLM CORP 613,622 3,903,000 0.30%
89 QUALCOMM INC 74,475 3,809,000 0.29%
90 DOW CHEM CO 73,696 3,748,000 0.29%
91 HONDA MOTOR LTD 130,636 3,572,000 0.28%
92 UNION PAC CORP 44,751 3,560,000 0.27%
93 GAP 119,005 3,499,000 0.27%
94 TIME WARNER INC 47,946 3,478,000 0.27%
95 ISHARES TR 31,214 3,453,000 0.27%
96 BERKSHIRE HATHAWAY INC DEL 23,736 3,368,000 0.26%
97 VANGUARD INDEX FDS 27,670 3,354,000 0.26%
98 CHIPOTLE MEXICAN GRILL INC 7,072 3,331,000 0.26%
99 ROYAL DUTCH SHELL PLC 67,513 3,271,000 0.25%
100 BROWN FORMAN CORP 32,491 3,199,000 0.25%
Page 2 of 4

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000937589-16-000006, filed 2016.04.13).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.