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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
-1.52%
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
$25.1B
AUM Growth
-$1.52B
Cap. Flow
-$838M
Cap. Flow %
-3.35%
Top 10 Hldgs %
33.33%
Holding
164
New
7
Increased
19
Reduced
72
Closed
17
Avg Time Held
15 quarters
Top 10 Avg Time Held
7.5 quarters
Top 20 Avg Time Held
10.7 quarters

Top Buys

Rank Stock Value
1
NFLX icon
Netflix
NFLX
+$227M
2
CSGP icon
CoStar Group
CSGP
+$220M
3
AMAT icon
Applied Materials
AMAT
+$217M
4
BIDU icon
Baidu
BIDU
+$202M
5
PINS icon
Pinterest
PINS
+$118M

Top Sells

Rank Stock Value
1
EPAM icon
EPAM Systems
EPAM
+$291M
2
EL icon
Estee Lauder
EL
+$249M
3
VFC icon
VF Corp
VFC
+$188M
4
SIVB
SVB Financial Group
SIVB
+$144M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$131M

Sector Composition

Rank Sector Weight
1 Technology 25.34%
2 Financials 21.24%
3 Communication Services 12.68%
4 Healthcare 11.87%
5 Consumer Discretionary 8.65%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
TMO icon
26
Thermo Fisher Scientific
TMO
$243B
$381M 1.52%
666,657
-2,306
-0.3% -$1.27M
2017 Q2
17 quarters
EBAY icon
27
eBay
EBAY
$49.9B
$355M 1.42%
5,090,050
-184,605
-3% -$13.2M
2017 Q2
17 quarters
VRTX icon
28
Vertex Pharmaceuticals
VRTX
$129B
$347M 1.38%
1,911,103
-87,975
-4% -$17.2M
2018 Q4
11 quarters
ASML icon
29
ASML
ASML
$684B
$326M 1.3%
437,414
-13,823
-3% -$10.9M
2017 Q2
17 quarters
DHR icon
30
Danaher
DHR
$155B
$317M 1.27%
1,175,311
-31,626
-3% -$8.61M
2018 Q1
14 quarters
SNPS icon
31
Synopsys
SNPS
$97.7B
$299M 1.19%
999,457
-36,929
-4% -$11.2M
2018 Q4
11 quarters
CME icon
32
CME Group
CME
$101B
$281M 1.12%
1,453,698
-82,725
-5% -$16.8M
2020 Q3
4 quarters
SLB icon
33
SLB Ltd
SLB
$72.6B
$270M 1.08%
9,101,416
-46,823
-0.5% -$1.34M
2013 Q2
33 quarters
NFLX icon
34
Netflix
NFLX
$293B
$251M 1%
+4,117,160
New +$227M
2021 Q3
0 quarters
EW icon
35
Edwards Lifesciences
EW
$49.1B
$243M 0.97%
2,150,240
-78,314
-4% -$8.94M
2020 Q2
5 quarters
NVDA icon
36
NVIDIA
NVDA
$5.54T
$241M 0.96%
11,652,220
-5,935,140
-34% -$123M
2017 Q4
15 quarters
ISRG icon
37
Intuitive Surgical
ISRG
$150B
$241M 0.96%
728,340
-27,099
-4% -$9.1M
2020 Q4
3 quarters
CRM icon
38
Salesforce
CRM
$189B
$241M 0.96%
888,491
-34,688
-4% -$8.81M
2017 Q2
17 quarters
TW icon
39
Tradeweb Markets
TW
$23.4B
$240M 0.96%
2,975,210
-60,479
-2% -$5.22M
2020 Q3
4 quarters
ETSY icon
40
Etsy
ETSY
$7.04B
$234M 0.93%
1,123,531
-41,449
-4% -$8.4M
2020 Q3
4 quarters
AAPL icon
41
Apple
AAPL
$4.91T
$229M 0.91%
1,615,412
-55,709
-3% -$8.2M
2017 Q2
17 quarters
UNH icon
42
UnitedHealth
UNH
$340B
$228M 0.91%
584,262
-20,908
-3% -$8.66M
2019 Q1
10 quarters
CSGP icon
43
CoStar Group
CSGP
$12B
$219M 0.87%
2,546,204
+2,545,984
+1,157,265% +$220M
2021 Q2
1 quarter
WDAY icon
44
Workday
WDAY
$45B
$206M 0.82%
826,121
-32,347
-4% -$8.01M
2017 Q2
17 quarters
AMAT icon
45
Applied Materials
AMAT
$402B
$205M 0.82%
+1,595,395
New +$217M
2021 Q3
0 quarters
DIS icon
46
Walt Disney
DIS
$187B
$204M 0.81%
1,204,761
-45,912
-4% -$8.18M
2017 Q2
17 quarters
TTD icon
47
Trade Desk
TTD
$5.71B
$200M 0.8%
2,848,562
-136,313
-5% -$10.5M
2020 Q1
6 quarters
PINS icon
48
Pinterest
PINS
$12.1B
$199M 0.8%
3,910,457
+1,920,130
+96% +$118M
2021 Q2
1 quarter
IQV icon
49
IQVIA
IQV
$42.8B
$193M 0.77%
807,596
-27,394
-3% -$6.91M
2017 Q4
15 quarters
AME icon
50
Ametek
AME
$57B
$191M 0.76%
1,544,113
-57,629
-4% -$7.74M
2020 Q2
5 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 2021 Portfolio in Review

As of Q3 2021, Harding Loevner held 164 positions worth $25.1B, down 5.7% from $26.6B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Harding Loevner withdrew a net $838M in Q3 2021, closing 17 positions and reducing 72 holdings. Its most notable exit was Estee Lauder, an estimated $249M position sold in full.

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

Against the trend, Harding Loevner opened a new position in Netflix worth $251M.

  • Harding Loevner's largest Q3 2021 buy was Netflix: 4,117,160 shares worth $251M.
  • Harding Loevner added most to CoStar Group in Q3 2021, an estimated $220M increase.
  • Harding Loevner's biggest Q3 2021 reduction was EPAM Systems, cutting an estimated $291M.
  • Harding Loevner fully exited Estee Lauder in Q3 2021, selling an estimated $249M.
  • Harding Loevner's ten largest holdings make up 33% of its $25.1B portfolio in Q3 2021.
  • Harding Loevner opened 7 new positions and closed 17 in Q3 2021.
  • Harding Loevner's portfolio value fell 5.7% quarter-over-quarter to $25.1B.

Based on Harding Loevner's 13F filing for Q3 2021, filed 15 Nov 2021.