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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
+11.11%
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
$26.6B
AUM Growth
+$1.03B
Cap. Flow
-$1.44B
Cap. Flow %
-5.42%
Top 10 Hldgs %
34.98%
Holding
162
New
8
Increased
46
Reduced
51
Closed
5

Top Buys

Rank Stock Value
1
TTD icon
Trade Desk
TTD
+$191M
2
PINS icon
Pinterest
PINS
+$139M
3
TLK icon
Telkom Indonesia
TLK
+$112M
4
DHR icon
Danaher
DHR
+$74.7M
5
TMO icon
Thermo Fisher Scientific
TMO
+$39.3M

Top Sells

Rank Stock Value
1
PYPL icon
PayPal
PYPL
+$296M
2
EDU icon
New Oriental
EDU
+$222M
3
CME icon
CME Group
CME
+$208M
4
TCOM icon
Trip.com Group
TCOM
+$186M
5
BIDU icon
Baidu
BIDU
+$177M

Sector Composition

Rank Sector Weight
1 Technology 24.86%
2 Financials 21.5%
3 Healthcare 11.69%
4 Consumer Discretionary 10.47%
5 Communication Services 10.46%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EBAY icon
26
eBay
EBAY
$46B
$370M 1.39%
5,274,655
-70,737
-1% -$4.44M
CNI icon
27
Canadian National Railway
CNI
$74.6B
$362M 1.36%
3,429,382
+18,892
+0.6% +$2.09M
NVDA icon
28
NVIDIA
NVDA
$5.56T
$352M 1.32%
17,587,360
+22,560
+0.1% +$362K
TMO icon
29
Thermo Fisher Scientific
TMO
$227B
$337M 1.27%
668,963
+83,211
+14% +$39.3M
CME icon
30
CME Group
CME
$101B
$327M 1.23%
1,536,423
-986,293
-39% -$208M
ASML icon
31
ASML
ASML
$659B
$312M 1.17%
451,237
+3,963
+0.9% +$2.61M
SLB icon
32
SLB Ltd
SLB
$85.3B
$293M 1.1%
9,148,239
-47,395
-0.5% -$1.46M
DHR icon
33
Danaher
DHR
$146B
$287M 1.08%
1,206,937
+336,699
+39% +$74.7M
SNPS icon
34
Synopsys
SNPS
$75.5B
$286M 1.08%
1,036,386
+420
+0% +$107K
TW icon
35
Tradeweb Markets
TW
$22.4B
$257M 0.97%
3,035,689
-12,716
-0.4% -$1.04M
EL icon
36
Estee Lauder
EL
$37.6B
$249M 0.94%
782,274
-2,871
-0.4% -$870K
UNH icon
37
UnitedHealth
UNH
$356B
$242M 0.91%
605,170
+5,168
+0.9% +$2.06M
ETSY icon
38
Etsy
ETSY
$7.02B
$240M 0.9%
1,164,980
-69,489
-6% -$12.9M
RIO icon
39
Rio Tinto
RIO
$168B
$236M 0.89%
2,812,854
+17,713
+0.6% +$1.52M
ISRG icon
40
Intuitive Surgical
ISRG
$130B
$232M 0.87%
755,439
+4,716
+0.6% +$1.32M
TTD icon
41
Trade Desk
TTD
$6.78B
$231M 0.87%
2,984,875
+2,983,705
+255,018% +$191M
EW icon
42
Edwards Lifesciences
EW
$51.8B
$231M 0.87%
2,228,554
-8,120
-0.4% -$765K
BBD icon
43
Banco Bradesco
BBD
$36.7B
$230M 0.86%
49,248,720
-7,269,212
-13% -$31.6M
AAPL icon
44
Apple
AAPL
$4.67T
$229M 0.86%
1,671,121
-82,759
-5% -$10.7M
CRM icon
45
Salesforce
CRM
$213B
$226M 0.85%
923,179
+5,746
+0.6% +$1.32M
DIS icon
46
Walt Disney
DIS
$182B
$220M 0.83%
1,250,673
+5,852
+0.5% +$1.05M
AME icon
47
Ametek
AME
$54.5B
$214M 0.8%
1,601,742
+26,677
+2% +$3.57M
WDAY icon
48
Workday
WDAY
$47.2B
$205M 0.77%
858,468
+4,818
+0.6% +$1.16M
IQV icon
49
IQVIA
IQV
$44.1B
$202M 0.76%
834,990
+6,580
+0.8% +$1.52M
MA icon
50
Mastercard
MA
$507B
$193M 0.73%
529,165
-8,063
-2% -$3M
1
2
3 4 5

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VAS
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DPIM
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CA
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SCM
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FCM
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AAM
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Harding Loevner's Q2 2021 Portfolio in Review

As of Q2 2021, Harding Loevner held 162 positions worth $26.6B, up 4% from $25.6B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Harding Loevner withdrew a net $1.44B in Q2 2021, closing 5 positions and reducing 51 holdings. Its most notable exit was Autohome, an estimated $69.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 24% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Harding Loevner opened a new position in Pinterest worth $157M.

  • Harding Loevner's largest Q2 2021 buy was Pinterest: 1,990,327 shares worth $157M.
  • Harding Loevner added most to Trade Desk in Q2 2021, an estimated $191M increase.
  • Harding Loevner's biggest Q2 2021 reduction was PayPal, cutting an estimated $296M.
  • Harding Loevner fully exited Autohome in Q2 2021, selling an estimated $69.9M.
  • Harding Loevner's ten largest holdings make up 35% of its $26.6B portfolio in Q2 2021.
  • Harding Loevner opened 8 new positions and closed 5 in Q2 2021.
  • Harding Loevner's portfolio value rose 4% quarter-over-quarter to $26.6B.

Based on Harding Loevner's 13F filing for Q2 2021, filed 16 Aug 2021.