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HL

Harding Loevner Portfolio holdings

AUM $9.72B
1-Year Est. Return 22.38%
This Fund
S&P 500
This Quarter Est. Return
+24.8%
1 Year Est. Return
+22.38%
3 Year Est. Return
+79.36%
5 Year Est. Return
+98.01%
10 Year Est. Return
+375.62%
AUM
$20.9B
AUM Growth
+$2.97B
Cap. Flow
-$975M
Cap. Flow %
-4.67%
Top 10 Hldgs %
41.73%
Holding
157
New
10
Increased
17
Reduced
78
Closed
7

Top Buys

1
ITUB icon
Itaú Unibanco
ITUB
+$469M
2
BABA icon
Alibaba
BABA
+$329M
3
AMZN icon
Amazon
AMZN
+$235M
4
TMO icon
Thermo Fisher Scientific
TMO
+$200M
5
FMX icon
Fomento Económico Mexicano
FMX
+$125M

Top Sells

1
BIDU icon
Baidu
BIDU
+$796M
2
BKNG icon
Booking.com
BKNG
+$323M
3
CNI icon
Canadian National Railway
CNI
+$243M
4
PYPL icon
PayPal
PYPL
+$212M
5
NVDA icon
NVIDIA
NVDA
+$210M

Sector Composition

1 Technology 25.58%
2 Financials 18.94%
3 Communication Services 12.53%
4 Consumer Discretionary 11.46%
5 Healthcare 8.43%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMZN icon
26
Amazon
AMZN
$2.69T
$268M 1.28%
+1,942,800
New +$235M
XOM icon
27
ExxonMobil
XOM
$614B
$249M 1.19%
5,562,330
+14,977
+0.3% +$672K
TTD icon
28
Trade Desk
TTD
$8.75B
$246M 1.18%
6,041,870
-49,230
-0.8% -$1.48M
TCOM icon
29
Trip.com Group
TCOM
$26.7B
$227M 1.08%
8,740,374
-303,068
-3% -$7.64M
TMO icon
30
Thermo Fisher Scientific
TMO
$199B
$216M 1.03%
595,810
+595,750
+992,917% +$200M
JOBS
31
DELISTED
51job Inc
JOBS
$207M 0.99%
2,882,854
-138,394
-5% -$9.08M
SNPS icon
32
Synopsys
SNPS
$71.1B
$206M 0.99%
1,056,643
-14,085
-1% -$2.32M
ABT icon
33
Abbott
ABT
$177B
$205M 0.98%
2,237,794
-30,516
-1% -$2.76M
BBD icon
34
Banco Bradesco
BBD
$37.6B
$199M 0.95%
63,073,721
-3,598,016
-5% -$10.9M
NTES icon
35
NetEase
NTES
$83.7B
$188M 0.9%
2,189,705
-63,420
-3% -$4.77M
EBAY icon
36
eBay
EBAY
$49B
$179M 0.86%
3,419,847
-47,023
-1% -$1.99M
DE icon
37
Deere & Co
DE
$163B
$178M 0.85%
1,135,530
+21,950
+2% +$3.18M
ALGN icon
38
Align Technology
ALGN
$12.6B
$176M 0.84%
640,278
-7,626
-1% -$1.72M
CRM icon
39
Salesforce
CRM
$140B
$175M 0.84%
934,056
-12,339
-1% -$2.08M
PRLB icon
40
Protolabs
PRLB
$1.82B
$173M 0.83%
1,537,079
-10,552
-0.7% -$1.08M
NVDA icon
41
NVIDIA
NVDA
$4.92T
$171M 0.82%
18,006,240
-26,015,440
-59% -$210M
WDAY icon
42
Workday
WDAY
$36B
$163M 0.78%
868,983
-11,292
-1% -$1.83M
SIVB
43
DELISTED
SVB Financial Group
SIVB
$159M 0.76%
738,654
-9,099
-1% -$1.75M
RIO icon
44
Rio Tinto
RIO
$146B
$159M 0.76%
2,823,516
+1,452,411
+106% +$73.6M
BAP icon
45
Credicorp
BAP
$30.5B
$158M 0.76%
1,184,346
-70,721
-6% -$10.1M
EL icon
46
Estee Lauder
EL
$29.7B
$154M 0.74%
818,271
-9,766
-1% -$1.74M
UL icon
47
Unilever
UL
$135B
$146M 0.7%
2,364,968
-46,892
-2% -$2.8M
DIS icon
48
Walt Disney
DIS
$171B
$144M 0.69%
1,293,084
-17,118
-1% -$1.89M
CL icon
49
Colgate-Palmolive
CL
$75.5B
$141M 0.67%
1,922,013
-25,469
-1% -$1.81M
BIDU icon
50
Baidu
BIDU
$36.7B
$133M 0.64%
1,113,493
-7,440,378
-87% -$796M
1
2
3 4 5

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Harding Loevner's Q2 2020 Portfolio in Review

As of Q2 2020, Harding Loevner held 157 positions worth $20.9B, up 17% from $17.9B the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Harding Loevner withdrew a net $975M in Q2 2020, closing 7 positions and reducing 78 holdings. Its most notable exit was iShares MSCI EAFE Growth ETF, an estimated $2.06M position sold in full.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 25% a quarter earlier, followed by Financials and Communication Services.

Against the trend, Harding Loevner opened a new position in Amazon worth $268M.

  • Harding Loevner's largest Q2 2020 buy was Amazon: 1,942,800 shares worth $268M.
  • Harding Loevner added most to Itaú Unibanco in Q2 2020, an estimated $469M increase.
  • Harding Loevner's biggest Q2 2020 reduction was Baidu, cutting an estimated $796M.
  • Harding Loevner fully exited iShares MSCI EAFE Growth ETF in Q2 2020, selling an estimated $2.06M.
  • Harding Loevner's ten largest holdings make up 42% of its $20.9B portfolio in Q2 2020.
  • Harding Loevner opened 10 new positions and closed 7 in Q2 2020.
  • Harding Loevner's portfolio value rose 17% quarter-over-quarter to $20.9B.

Based on Harding Loevner's 13F filing for Q2 2020, filed 14 Aug 2020.