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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
-18.07%
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
$16.2B
AUM Growth
-$1.95B
Cap. Flow
-$1.12B
Cap. Flow %
-6.93%
Top 10 Hldgs %
39.27%
Holding
158
New
5
Increased
12
Reduced
70
Closed
5
Avg Time Held
14.4 quarters
Top 10 Avg Time Held
9.1 quarters
Top 20 Avg Time Held
9 quarters

Top Buys

Rank Stock Value
1
WDS icon
Woodside Energy
WDS
+$123M
2
MFC icon
Manulife Financial
MFC
+$76.3M
3
FMX icon
Fomento Económico Mexicano
FMX
+$60.1M
4
ACWX icon
iShares MSCI ACWI ex US ETF
ACWX
+$48.3M
5
HDB icon
HDFC Bank
HDB
+$43.8M

Top Sells

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$338M
2
CHKP icon
Check Point Software Technologies
CHKP
+$257M
3
BHP icon
BHP
BHP
+$142M
4
ABEV icon
Ambev
ABEV
+$96.9M
5
CME icon
CME Group
CME
+$66.5M

Sector Composition

Rank Sector Weight
1 Technology 21.76%
2 Financials 20.1%
3 Healthcare 17.83%
4 Industrials 9.33%
5 Materials 6.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
ILMN icon
26
Illumina
ILMN
$42B
$191M 1.18%
1,066,627
-29,494
-3% -$7.53M
2017 Q4
18 quarters
ASML icon
27
ASML
ASML
$684B
$189M 1.17%
398,071
-28,784
-7% -$16.1M
2017 Q2
20 quarters
DHR icon
28
Danaher
DHR
$155B
$186M 1.15%
827,791
-29,381
-3% -$6.77M
2018 Q1
17 quarters
EW icon
29
Edwards Lifesciences
EW
$49.1B
$183M 1.13%
1,923,882
-51,652
-3% -$5.35M
2020 Q2
8 quarters
ADBE icon
30
Adobe
ADBE
$94.3B
$181M 1.12%
495,387
-13,125
-3% -$5.34M
2017 Q2
20 quarters
TW icon
31
Tradeweb Markets
TW
$23.4B
$179M 1.11%
2,624,487
-68,101
-3% -$4.95M
2020 Q3
7 quarters
ROK icon
32
Rockwell Automation
ROK
$48B
$177M 1.09%
886,305
-561
-0.1% -$127K
2021 Q4
2 quarters
SLB icon
33
SLB Ltd
SLB
$72.6B
$173M 1.07%
4,836,856
-136,109
-3% -$5.68M
2013 Q2
36 quarters
EPAM icon
34
EPAM Systems
EPAM
$5.84B
$170M 1.05%
575,024
-78,806
-12% -$24.1M
2017 Q2
20 quarters
RIO icon
35
Rio Tinto
RIO
$154B
$164M 1.01%
2,693,357
-62,656
-2% -$4.49M
2019 Q2
12 quarters
AMAT icon
36
Applied Materials
AMAT
$402B
$161M 1%
1,774,747
-48,882
-3% -$5.36M
2021 Q3
3 quarters
SHEL icon
37
Shell
SHEL
$285B
$161M 0.99%
3,083,143
-73,003
-2% -$4.1M
2022 Q1
1 quarter
AVGO icon
38
Broadcom
AVGO
$1.73T
$158M 0.98%
3,258,910
-89,990
-3% -$5.05M
2021 Q2
4 quarters
IQV icon
39
IQVIA
IQV
$42.8B
$157M 0.97%
722,529
-19,314
-3% -$4.19M
2017 Q4
18 quarters
LULU icon
40
lululemon athletica
LULU
$10.9B
$146M 0.9%
534,460
-13,516
-2% -$4.33M
2022 Q1
1 quarter
TLK icon
41
Telkom Indonesia
TLK
$12.6B
$139M 0.86%
5,150,850
-66,241
-1% -$1.98M
2021 Q1
5 quarters
CSGP icon
42
CoStar Group
CSGP
$12B
$138M 0.85%
2,277,107
-55,725
-2% -$3.38M
2021 Q2
4 quarters
VRSK icon
43
Verisk Analytics
VRSK
$23.1B
$137M 0.85%
791,409
-21,085
-3% -$3.93M
2014 Q4
30 quarters
ASR icon
44
Grupo Aeroportuario del Sureste
ASR
$6.95B
$134M 0.83%
684,352
-73,046
-10% -$15.4M
2013 Q2
36 quarters
ISRG icon
45
Intuitive Surgical
ISRG
$150B
$131M 0.81%
655,099
+4,235
+0.7% +$994K
2020 Q4
6 quarters
CRM icon
46
Salesforce
CRM
$189B
$131M 0.81%
791,704
-20,716
-3% -$3.66M
2017 Q2
20 quarters
ALGN icon
47
Align Technology
ALGN
$10.1B
$130M 0.8%
547,957
-13,081
-2% -$4.02M
2020 Q1
9 quarters
PINS icon
48
Pinterest
PINS
$12.1B
$125M 0.77%
6,872,008
-183,322
-3% -$3.84M
2021 Q2
4 quarters
ZTO icon
49
ZTO Express
ZTO
$15.1B
$120M 0.74%
4,386,389
-463,434
-10% -$11.9M
2019 Q4
10 quarters
WDS icon
50
Woodside Energy
WDS
$42.9B
$117M 0.72%
+5,440,187
New +$123M
2022 Q2
0 quarters
1
2
3 4 5

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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
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Harding Loevner's Q2 2022 Portfolio in Review

As of Q2 2022, Harding Loevner held 158 positions worth $16.2B, down 11% from $18.2B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Harding Loevner withdrew a net $1.12B in Q2 2022, closing 5 positions and reducing 70 holdings. Its most notable exit was Unilever, an estimated $28.7M position sold in full.

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

Against the trend, Harding Loevner opened a new position in Woodside Energy worth $117M.

  • Harding Loevner's largest Q2 2022 buy was Woodside Energy: 5,440,187 shares worth $117M.
  • Harding Loevner added most to Manulife Financial in Q2 2022, an estimated $76.3M increase.
  • Harding Loevner's biggest Q2 2022 reduction was Meta Platforms (Facebook), cutting an estimated $338M.
  • Harding Loevner fully exited Unilever in Q2 2022, selling an estimated $28.7M.
  • Harding Loevner's ten largest holdings make up 39% of its $16.2B portfolio in Q2 2022.
  • Harding Loevner opened 5 new positions and closed 5 in Q2 2022.
  • Harding Loevner's portfolio value fell 11% quarter-over-quarter to $16.2B.

Based on Harding Loevner's 13F filing for Q2 2022, filed 15 Aug 2022.