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HL

Harding Loevner Portfolio holdings

AUM $10.6B
1-Year Est. Return 19.39%
This Fund
S&P 500
This Quarter Est. Return
+1.33%
1 Year Est. Return
+19.39%
3 Year Est. Return
+79.14%
5 Year Est. Return
+100.61%
10 Year Est. Return
+428.16%
AUM
$14.3B
AUM Growth
+$1.16B
Cap. Flow
+$1.33B
Cap. Flow %
9.32%
Top 10 Hldgs %
35.73%
Holding
89
New
9
Increased
62
Reduced
8
Closed
4
Avg Time Held
5.9 quarters
Top 10 Avg Time Held
4.3 quarters
Top 20 Avg Time Held
4.8 quarters

Top Buys

Rank Stock Value
1
VRSK icon
Verisk Analytics
VRSK
+$574M
2
BIDU icon
Baidu
BIDU
+$186M
3
IBN icon
ICICI Bank
IBN
+$178M
4
LAZ icon
Lazard
LAZ
+$177M
5
BKNG icon
Booking.com
BKNG
+$139M

Top Sells

Rank Stock Value
1
HDB icon
HDFC Bank
HDB
+$172M
2
JPM icon
JPMorgan Chase
JPM
+$167M
3
CTXS
Citrix Systems Inc
CTXS
+$159M
4
TSM icon
TSMC
TSM
+$118M
5
PG icon
Procter & Gamble
PG
+$109M

Sector Composition

Rank Sector Weight
1 Financials 22.64%
2 Communication Services 14.57%
3 Technology 13.81%
4 Consumer Discretionary 9.89%
5 Industrials 9.15%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
WPP icon
26
WPP
WPP
$5.47B
$195M 1.37%
1,730,529
+100,505
+6% +$11.8M
2013 Q2
8 quarters
ABBV icon
27
AbbVie
ABBV
$489B
$186M 1.31%
2,733,915
+74,350
+3% +$4.85M
2014 Q3
3 quarters
AMZN icon
28
Amazon
AMZN
$2.83T
$183M 1.28%
8,340,420
+236,580
+3% +$4.94M
2015 Q1
1 quarter
MMM icon
29
3M
MMM
$82.5B
$180M 1.26%
1,386,947
+78,052
+6% +$10.5M
2013 Q2
8 quarters
FFIV icon
30
F5
FFIV
$27.2B
$179M 1.26%
1,489,929
+44,689
+3% +$5.49M
2013 Q2
8 quarters
LAZ icon
31
Lazard
LAZ
$3.58B
$177M 1.24%
+3,178,287
New +$177M
2015 Q2
0 quarters
XOM icon
32
ExxonMobil
XOM
$695B
$174M 1.22%
2,095,487
+57,467
+3% +$4.94M
2013 Q2
8 quarters
IPGP icon
33
IPG Photonics
IPGP
$3.33B
$166M 1.17%
2,004,700
+69,603
+4% +$6.54M
2014 Q2
4 quarters
BWA icon
34
BorgWarner
BWA
$12.5B
$165M 1.16%
3,256,920
+89,142
+3% +$4.76M
2013 Q2
8 quarters
ABT icon
35
Abbott
ABT
$172B
$157M 1.1%
3,182,413
+15,611
+0.5% +$750K
2013 Q2
8 quarters
WAT icon
36
Waters Corp
WAT
$42.6B
$154M 1.08%
1,193,464
+32,387
+3% +$4.2M
2014 Q2
4 quarters
EMR icon
37
Emerson Electric
EMR
$90.3B
$154M 1.08%
2,748,212
+141,288
+5% +$8.3M
2013 Q2
8 quarters
IMS
38
DELISTED
IMS HEALTH HLDGS INC COM STK (DE)
IMS
$153M 1.08%
5,010,422
+135,514
+3% +$3.93M
2014 Q4
2 quarters
NVO
39
Novo Nordisk
NVO
$171B
$152M 1.06%
5,535,006
+332,540
+6% +$9.35M
2013 Q2
8 quarters
META icon
40
Meta Platforms (Facebook)
META
$1.83T
$149M 1.04%
1,705,693
+52,710
+3% +$4.3M
2015 Q1
1 quarter
BAP icon
41
Credicorp
BAP
$30.3B
$144M 1.01%
1,030,013
+79,175
+8% +$11.6M
2013 Q2
8 quarters
TV icon
42
Televisa
TV
$1.16B
$143M 1%
3,659,250
+287,787
+9% +$10.6M
2014 Q4
2 quarters
CRM icon
43
Salesforce
CRM
$189B
$140M 0.98%
1,984,699
+53,589
+3% +$3.82M
2015 Q1
1 quarter
BBD icon
44
Banco Bradesco
BBD
$45.5B
$137M 0.96%
31,291,893
+2,678,320
+9% +$12.3M
2013 Q2
8 quarters
MSFT icon
45
Microsoft
MSFT
$3.97T
$135M 0.95%
3,043,682
+89,623
+3% +$4.09M
2013 Q2
8 quarters
BKNG icon
46
Booking.com
BKNG
$120B
$134M 0.94%
+2,922,000
New +$139M
2015 Q2
0 quarters
ASR icon
47
Grupo Aeroportuario del Sureste
ASR
$6.95B
$124M 0.87%
865,657
+72,326
+9% +$10.5M
2013 Q2
8 quarters
TCOM icon
48
Trip.com Group
TCOM
$24.5B
$123M 0.86%
3,446,390
+432,388
+14% +$15.1M
2013 Q3
7 quarters
NBIS
49
Nebius Group N.V.
NBIS
$60.1B
$116M 0.81%
7,559,769
+4,450,019
+143% +$81.3M
2014 Q1
5 quarters
TRMB icon
50
Trimble
TRMB
$14B
$102M 0.72%
4,335,458
+127,526
+3% +$3.12M
2013 Q2
8 quarters
1
2
3 4

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FMI
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VAS
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DPIM
Duff & Phelps Investment Management Chicago, Illinois $10.6B AUM 18.62% 1-Year Est. Return
CA
Clearstead Advisors Cleveland, Ohio $10.6B AUM 24.87% 1-Year Est. Return
SCM
SCS Capital Management Boston, Massachusetts $10.6B AUM 19.73% 1-Year Est. Return
FCM
Frontier Capital Management Boston, Massachusetts $10.7B AUM 67.78% 1-Year Est. Return
URS
Utah Retirement Systems Salt Lake City, Utah $10.5B AUM 42.22% 1-Year Est. Return
AAM
Alphadyne Asset Management New York $10.5B AUM 37.62% 1-Year Est. Return

Harding Loevner's Q2 2015 Portfolio in Review

As of Q2 2015, Harding Loevner held 89 positions worth $14.3B, up 8.8% from $13.1B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Harding Loevner deployed $1.33B of net new capital in Q2 2015, opening 9 new positions and adding to 62 existing holdings. Its largest new stake was Lazard: 3,178,287 shares worth $177M.

By sector, the portfolio is most concentrated in Financials at 23% of assets, up from 22% a quarter earlier, followed by Communication Services and Technology.

On the sell side, the largest reduction was HDFC Bank, an estimated $172M trimmed.

  • Harding Loevner's largest Q2 2015 buy was Lazard: 3,178,287 shares worth $177M.
  • Harding Loevner added most to Verisk Analytics in Q2 2015, an estimated $574M increase.
  • Harding Loevner's biggest Q2 2015 reduction was HDFC Bank, cutting an estimated $172M.
  • Harding Loevner fully exited JPMorgan Chase in Q2 2015, selling an estimated $167M.
  • Harding Loevner's ten largest holdings make up 36% of its $14.3B portfolio in Q2 2015.
  • Harding Loevner opened 9 new positions and closed 4 in Q2 2015.
  • Harding Loevner's portfolio value rose 8.8% quarter-over-quarter to $14.3B.

Based on Harding Loevner's 13F filing for Q2 2015, filed 24 Jul 2015.