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
+7.88%
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
-$1.62B
Cap. Flow
-$2.71B
Cap. Flow %
-16.72%
Top 10 Hldgs %
38.85%
Holding
77
New
5
Increased
8
Reduced
56
Closed
8
Avg Time Held
20.2 quarters
Top 10 Avg Time Held
13 quarters
Top 20 Avg Time Held
12.8 quarters

Top Buys

Rank Stock Value
1
MELI icon
Mercado Libre
MELI
+$367M
2
GLOB icon
Globant
GLOB
+$203M
3
MSFT icon
Microsoft
MSFT
+$192M
4
ZTO icon
ZTO Express
ZTO
+$191M
5
BKNG icon
Booking.com
BKNG
+$129M

Top Sells

Rank Stock Value
1
TSM icon
TSMC
TSM
+$579M
2
FMX icon
Fomento Económico Mexicano
FMX
+$302M
3
SAP icon
SAP
SAP
+$279M
4
MFC icon
Manulife Financial
MFC
+$203M
5
BHP icon
BHP
BHP
+$193M

Sector Composition

Rank Sector Weight
1 Technology 26.65%
2 Healthcare 18.48%
3 Financials 13.02%
4 Communication Services 10.87%
5 Industrials 9.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
ZTO icon
26
ZTO Express
ZTO
$15.1B
$242M 1.49%
11,533,063
+9,980,678
+643% +$191M
2019 Q4
17 quarters
ACN icon
27
Accenture
ACN
$128B
$237M 1.46%
682,737
-113,056
-14% -$41.2M
2021 Q1
12 quarters
UNH icon
28
UnitedHealth
UNH
$340B
$236M 1.45%
476,170
-38,947
-8% -$19.8M
2019 Q1
20 quarters
ROK icon
29
Rockwell Automation
ROK
$48B
$225M 1.39%
773,501
-76,924
-9% -$22.2M
2021 Q4
9 quarters
PINS icon
30
Pinterest
PINS
$12.1B
$220M 1.36%
6,333,393
-635,654
-9% -$23.1M
2021 Q2
11 quarters
AMAT icon
31
Applied Materials
AMAT
$402B
$211M 1.3%
1,024,978
+93,367
+10% +$17.1M
2021 Q3
10 quarters
TW icon
32
Tradeweb Markets
TW
$23.4B
$192M 1.19%
1,844,765
-150,932
-8% -$15.2M
2020 Q3
14 quarters
NOW icon
33
ServiceNow
NOW
$146B
$191M 1.18%
1,252,780
-104,615
-8% -$15.8M
2019 Q3
18 quarters
GLOB icon
34
Globant
GLOB
$1.57B
$183M 1.13%
+903,956
New +$203M
2024 Q1
0 quarters
AVGO icon
35
Broadcom
AVGO
$1.73T
$182M 1.12%
1,372,890
-825,080
-38% -$102M
2021 Q2
11 quarters
ISRG icon
36
Intuitive Surgical
ISRG
$150B
$179M 1.11%
448,720
-49,072
-10% -$18.5M
2020 Q4
13 quarters
ADBE icon
37
Adobe
ADBE
$94.3B
$175M 1.08%
346,696
-29,116
-8% -$16.7M
2017 Q2
27 quarters
AME icon
38
Ametek
AME
$57B
$173M 1.07%
947,967
-489,078
-34% -$84.2M
2020 Q2
15 quarters
SLB icon
39
SLB Ltd
SLB
$72.6B
$165M 1.02%
3,012,528
-324,840
-10% -$16.4M
2013 Q2
43 quarters
ABBV icon
40
AbbVie
ABBV
$489B
$160M 0.99%
878,240
-76,397
-8% -$13.2M
2023 Q1
4 quarters
AAPL icon
41
Apple
AAPL
$4.91T
$158M 0.97%
919,490
-226,728
-20% -$41.2M
2017 Q2
27 quarters
CSGP icon
42
CoStar Group
CSGP
$12B
$155M 0.95%
1,601,191
-130,254
-8% -$11.2M
2021 Q2
11 quarters
SNPS icon
43
Synopsys
SNPS
$97.7B
$150M 0.93%
262,417
-28,721
-10% -$15.8M
2018 Q4
21 quarters
COST icon
44
Costco
COST
$420B
$132M 0.82%
180,358
-95,529
-35% -$68.2M
2022 Q1
8 quarters
BKNG icon
45
Booking.com
BKNG
$120B
$131M 0.81%
+901,650
New +$129M
2024 Q1
0 quarters
ASML icon
46
ASML
ASML
$684B
$127M 0.78%
130,530
-165,582
-56% -$147M
2017 Q2
27 quarters
RGEN icon
47
Repligen
RGEN
$11B
$121M 0.75%
659,414
-56,885
-8% -$10.8M
2023 Q3
2 quarters
HON icon
48
Honeywell
HON
$65.8B
$112M 0.69%
577,609
-52,223
-8% -$9.83M
2023 Q3
2 quarters
GMAB icon
49
Genmab
GMAB
$22.8B
$98.5M 0.61%
3,294,728
+4,833
+0.1% +$142K
2020 Q4
13 quarters
TLK icon
50
Telkom Indonesia
TLK
$12.6B
$97.5M 0.6%
4,380,505
-97,343
-2% -$2.46M
2021 Q1
12 quarters
1
2
3 4

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 Q1 2024 Portfolio in Review

As of Q1 2024, Harding Loevner held 77 positions worth $16.2B, down 9.1% from $17.8B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Harding Loevner withdrew a net $2.71B in Q1 2024, closing 8 positions and reducing 56 holdings. Its most notable exit was NVIDIA, an estimated $193M position sold in full.

By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 27% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Harding Loevner opened a new position in Mercado Libre worth $339M.

  • Harding Loevner's largest Q1 2024 buy was Mercado Libre: 224,067 shares worth $339M.
  • Harding Loevner added most to Microsoft in Q1 2024, an estimated $192M increase.
  • Harding Loevner's biggest Q1 2024 reduction was TSMC, cutting an estimated $579M.
  • Harding Loevner fully exited NVIDIA in Q1 2024, selling an estimated $193M.
  • Harding Loevner's ten largest holdings make up 39% of its $16.2B portfolio in Q1 2024.
  • Harding Loevner opened 5 new positions and closed 8 in Q1 2024.
  • Harding Loevner's portfolio value fell 9.1% quarter-over-quarter to $16.2B.

Based on Harding Loevner's 13F filing for Q1 2024, filed 15 May 2024.