We are live on ! Find out more
HL

Harding Loevner Portfolio holdings

AUM $10.6B
1-Year Est. Return 19.39%
This Fund
S&P 500
This Quarter Est. Return
+9.85%
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
$27.7B
AUM Growth
+$6.83B
Cap. Flow
+$4.52B
Cap. Flow %
16.29%
Top 10 Hldgs %
32.19%
Holding
190
New
40
Increased
41
Reduced
54
Closed
12
Avg Time Held
11.1 quarters
Top 10 Avg Time Held
7.1 quarters
Top 20 Avg Time Held
9.8 quarters

Top Buys

Rank Stock Value
1
IFX
INFINEON TECH AG ADS(REP1 ORD)
IFX
+$374M
2
CME icon
CME Group
CME
+$267M
3
DASTY
DASSAULT SYSTEMES SA ADR
DASTY
+$245M
4
ETSY icon
Etsy
ETSY
+$210M
5
TW icon
Tradeweb Markets
TW
+$173M

Top Sells

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$803M
2
TSM icon
TSMC
TSM
+$458M
3
NBIS
Nebius Group N.V.
NBIS
+$373M
4
TTD icon
Trade Desk
TTD
+$276M
5
NTES icon
NetEase
NTES
+$159M

Sector Composition

Rank Sector Weight
1 Technology 23.2%
2 Miscellaneous 19.78%
3 Financials 17.49%
4 Communication Services 9.19%
5 Consumer Discretionary 9.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
AMZN icon
26
Amazon
AMZN
$2.83T
$304M 1.09%
1,927,980
-14,820
-0.8% -$2.34M
2020 Q2
1 quarter
MSFT icon
27
Microsoft
MSFT
$3.97T
$292M 1.05%
1,390,286
+24,024
+2% +$5.05M
2013 Q2
29 quarters
TMO icon
28
Thermo Fisher Scientific
TMO
$243B
$275M 0.99%
622,598
+26,788
+4% +$11.1M
2017 Q2
13 quarters
CME icon
29
CME Group
CME
$101B
$265M 0.96%
+1,585,951
New +$267M
2020 Q3
0 quarters
TCOM icon
30
Trip.com Group
TCOM
$24.5B
$254M 0.92%
8,148,527
-591,847
-7% -$16.8M
2013 Q3
28 quarters
NVDA icon
31
NVIDIA
NVDA
$5.54T
$248M 0.89%
18,330,400
+324,160
+2% +$3.77M
2017 Q4
11 quarters
DASTY
32
DELISTED
DASSAULT SYSTEMES SA ADR
DASTY
$245M 0.89%
+1,309,646
New +$245M
2020 Q3
0 quarters
DE icon
33
Deere & Co
DE
$167B
$245M 0.88%
1,105,173
-30,357
-3% -$5.86M
2017 Q2
13 quarters
ABT icon
34
Abbott
ABT
$172B
$240M 0.86%
2,202,469
-35,325
-2% -$3.58M
2013 Q2
29 quarters
CRM icon
35
Salesforce
CRM
$189B
$239M 0.86%
950,474
+16,418
+2% +$3.59M
2017 Q2
13 quarters
SNPS icon
36
Synopsys
SNPS
$97.7B
$230M 0.83%
1,076,441
+19,798
+2% +$4.03M
2018 Q4
7 quarters
ETSY icon
37
Etsy
ETSY
$7.04B
$218M 0.79%
+1,793,042
New +$210M
2020 Q3
0 quarters
ALGN icon
38
Align Technology
ALGN
$10.1B
$214M 0.77%
654,337
+14,059
+2% +$4.29M
2020 Q1
2 quarters
PRLB icon
39
Protolabs
PRLB
$2.24B
$203M 0.73%
1,566,558
+29,479
+2% +$3.88M
2019 Q3
4 quarters
WDAY icon
40
Workday
WDAY
$45B
$190M 0.69%
885,239
+16,256
+2% +$3.22M
2017 Q2
13 quarters
EL icon
41
Estee Lauder
EL
$35.5B
$189M 0.68%
864,979
+46,708
+6% +$9.61M
2020 Q1
2 quarters
TW icon
42
Tradeweb Markets
TW
$23.4B
$183M 0.66%
+3,150,160
New +$173M
2020 Q3
0 quarters
SIVB
43
DELISTED
SVB Financial Group
SIVB
$181M 0.65%
750,937
+12,283
+2% +$2.89M
2013 Q2
29 quarters
EBAY icon
44
eBay
EBAY
$49.9B
$180M 0.65%
3,458,582
+38,735
+1% +$2.13M
2017 Q2
13 quarters
XOM icon
45
ExxonMobil
XOM
$695B
$179M 0.64%
5,208,109
-354,221
-6% -$14.5M
2013 Q2
29 quarters
RIO icon
46
Rio Tinto
RIO
$154B
$169M 0.61%
2,799,026
-24,490
-0.9% -$1.5M
2019 Q2
5 quarters
BBD icon
47
Banco Bradesco
BBD
$45.5B
$166M 0.6%
58,436,626
-4,637,095
-7% -$15.2M
2013 Q2
29 quarters
DIS icon
48
Walt Disney
DIS
$187B
$163M 0.59%
1,315,005
+21,921
+2% +$2.74M
2017 Q2
13 quarters
UL icon
49
Unilever
UL
$134B
$163M 0.59%
2,342,980
-21,988
-0.9% -$1.47M
2013 Q2
29 quarters
VFC icon
50
VF Corp
VFC
$5.9B
$162M 0.59%
+2,311,592
New +$149M
2020 Q3
0 quarters
1
2
3 4 5

Similar funds

FMI
Factory Mutual Insurance Waltham, Massachusetts $10.6B AUM 34.1% 1-Year Est. Return
VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $10.6B AUM 25.02% 1-Year Est. Return
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 Q3 2020 Portfolio in Review

As of Q3 2020, Harding Loevner held 190 positions worth $27.7B, up 33% from $20.9B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Harding Loevner deployed $4.52B of net new capital in Q3 2020, opening 40 new positions and adding to 41 existing holdings. Its largest new stake was INFINEON TECH AG ADS(REP1 ORD): 13,249,533 shares worth $374M.

By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 26% a quarter earlier, followed by Miscellaneous and Financials.

On the sell side, the largest reduction was Alibaba, an estimated $803M trimmed.

  • Harding Loevner's largest Q3 2020 buy was INFINEON TECH AG ADS(REP1 ORD): 13,249,533 shares worth $374M.
  • Harding Loevner added most to Illumina in Q3 2020, an estimated $114M increase.
  • Harding Loevner's biggest Q3 2020 reduction was Alibaba, cutting an estimated $803M.
  • Harding Loevner fully exited iShares MSCI ACWI ex US ETF in Q3 2020, selling an estimated $2.21M.
  • Harding Loevner's ten largest holdings make up 32% of its $27.7B portfolio in Q3 2020.
  • Harding Loevner opened 40 new positions and closed 12 in Q3 2020.
  • Harding Loevner's portfolio value rose 33% quarter-over-quarter to $27.7B.

Based on Harding Loevner's 13F filing for Q3 2020, filed 16 Nov 2020.