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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
-3.59%
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
$15.1B
AUM Growth
-$1.99B
Cap. Flow
-$1.31B
Cap. Flow %
-8.63%
Top 10 Hldgs %
39.29%
Holding
73
New
4
Increased
11
Reduced
55
Closed
2
Avg Time Held
19.7 quarters
Top 10 Avg Time Held
12.5 quarters
Top 20 Avg Time Held
11.7 quarters

Top Buys

Rank Stock Value
1
RGEN icon
Repligen
RGEN
+$119M
2
HON icon
Honeywell
HON
+$116M
3
GMAB icon
Genmab
GMAB
+$116M
4
TMO icon
Thermo Fisher Scientific
TMO
+$99.6M
5
HLN icon
Haleon
HLN
+$76.8M

Top Sells

Rank Stock Value
1
ABCM
Abcam PLC
ABCM
+$262M
2
EL icon
Estee Lauder
EL
+$156M
3
HDB icon
HDFC Bank
HDB
+$141M
4
CRM icon
Salesforce
CRM
+$98.3M
5
FMX icon
Fomento Económico Mexicano
FMX
+$89.8M

Sector Composition

Rank Sector Weight
1 Technology 24.11%
2 Healthcare 18.84%
3 Financials 14.26%
4 Communication Services 9.19%
5 Industrials 9.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
AAPL icon
26
Apple
AAPL
$4.91T
$200M 1.32%
1,169,423
+163,961
+16% +$30.1M
2017 Q2
25 quarters
NFLX icon
27
Netflix
NFLX
$293B
$200M 1.32%
5,290,280
-740,050
-12% -$31.4M
2021 Q3
8 quarters
SLB icon
28
SLB Ltd
SLB
$72.6B
$199M 1.31%
3,415,292
-828,555
-20% -$48M
2013 Q2
41 quarters
ADBE icon
29
Adobe
ADBE
$94.3B
$195M 1.29%
382,258
-53,895
-12% -$28.3M
2017 Q2
25 quarters
PINS icon
30
Pinterest
PINS
$12.1B
$191M 1.26%
7,067,695
+993,590
+16% +$27.1M
2021 Q2
9 quarters
MFC icon
31
Manulife Financial
MFC
$70.2B
$188M 1.24%
10,282,815
-97,543
-0.9% -$1.84M
2021 Q4
7 quarters
HLN icon
32
Haleon
HLN
$41B
$187M 1.24%
22,483,188
+9,222,814
+70% +$76.8M
2023 Q1
2 quarters
AVGO icon
33
Broadcom
AVGO
$1.73T
$186M 1.23%
2,238,990
-321,140
-13% -$27.8M
2021 Q2
9 quarters
ASML icon
34
ASML
ASML
$684B
$177M 1.17%
300,693
-41,257
-12% -$27.4M
2017 Q2
25 quarters
SHEL icon
35
Shell
SHEL
$285B
$175M 1.16%
2,720,149
-33,525
-1% -$2.09M
2022 Q1
6 quarters
NVDA icon
36
NVIDIA
NVDA
$5.54T
$171M 1.13%
3,927,170
-549,420
-12% -$24.6M
2017 Q4
23 quarters
COST icon
37
Costco
COST
$420B
$166M 1.09%
293,288
-40,151
-12% -$22.2M
2022 Q1
6 quarters
BBVA icon
38
Banco Bilbao Vizcaya Argentaria
BBVA
$144B
$164M 1.08%
20,393,105
-268,129
-1% -$2.09M
2013 Q2
41 quarters
TW icon
39
Tradeweb Markets
TW
$23.4B
$163M 1.07%
2,029,028
-288,939
-12% -$23M
2020 Q3
12 quarters
NOW icon
40
ServiceNow
NOW
$146B
$154M 1.02%
1,378,300
-194,485
-12% -$22.2M
2019 Q3
16 quarters
RIO icon
41
Rio Tinto
RIO
$154B
$152M 1%
2,382,999
-13,440
-0.6% -$857K
2019 Q2
17 quarters
ISRG icon
42
Intuitive Surgical
ISRG
$150B
$148M 0.98%
505,138
-69,575
-12% -$21.7M
2020 Q4
11 quarters
ABBV icon
43
AbbVie
ABBV
$489B
$144M 0.95%
968,356
+120,463
+14% +$17.7M
2023 Q1
2 quarters
CSGP icon
44
CoStar Group
CSGP
$12B
$135M 0.89%
1,759,746
-250,813
-12% -$20.8M
2021 Q2
9 quarters
SNPS icon
45
Synopsys
SNPS
$97.7B
$135M 0.89%
294,755
-180,068
-38% -$80.6M
2018 Q4
19 quarters
AMAT icon
46
Applied Materials
AMAT
$402B
$131M 0.86%
945,174
-130,465
-12% -$18.7M
2021 Q3
8 quarters
CRM icon
47
Salesforce
CRM
$189B
$124M 0.82%
611,067
-455,011
-43% -$98.3M
2017 Q2
25 quarters
RGEN icon
48
Repligen
RGEN
$11B
$115M 0.76%
+725,408
New +$119M
2023 Q3
0 quarters
GMAB icon
49
Genmab
GMAB
$22.8B
$113M 0.75%
3,204,230
+3,036,109
+1,806% +$116M
2020 Q4
11 quarters
HON icon
50
Honeywell
HON
$65.8B
$110M 0.73%
+632,831
New +$116M
2023 Q3
0 quarters
1
2
3

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 2023 Portfolio in Review

As of Q3 2023, Harding Loevner held 73 positions worth $15.1B, down 12% from $17.1B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Harding Loevner withdrew a net $1.31B in Q3 2023, closing 2 positions and reducing 55 holdings. Its most notable exit was Abcam PLC, an estimated $262M position sold in full.

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

Against the trend, Harding Loevner opened a new position in Repligen worth $115M.

  • Harding Loevner's largest Q3 2023 buy was Repligen: 725,408 shares worth $115M.
  • Harding Loevner added most to Genmab in Q3 2023, an estimated $116M increase.
  • Harding Loevner's biggest Q3 2023 reduction was HDFC Bank, cutting an estimated $141M.
  • Harding Loevner fully exited Abcam PLC in Q3 2023, selling an estimated $262M.
  • Harding Loevner's ten largest holdings make up 39% of its $15.1B portfolio in Q3 2023.
  • Harding Loevner opened 4 new positions and closed 2 in Q3 2023.
  • Harding Loevner's portfolio value fell 12% quarter-over-quarter to $15.1B.

Based on Harding Loevner's 13F filing for Q3 2023, filed 14 Nov 2023.