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HL

Harding Loevner Portfolio holdings

AUM $9.72B
1-Year Est. Return 22.38%
This Fund
S&P 500
This Quarter Est. Return
-0.24%
1 Year Est. Return
+22.38%
3 Year Est. Return
+79.36%
5 Year Est. Return
+98.01%
10 Year Est. Return
+375.62%
AUM
$14.8B
AUM Growth
-$2.54B
Cap. Flow
-$2.52B
Cap. Flow %
-17.06%
Top 10 Hldgs %
43.56%
Holding
71
New
4
Increased
8
Reduced
54
Closed
4

Top Buys

Rank Stock Value
1
VEU icon
Vanguard FTSE All-World ex-US ETF
VEU
+$164M
2
NVDA icon
NVIDIA
NVDA
+$114M
3
MELI icon
Mercado Libre
MELI
+$97.8M
4
UNH icon
UnitedHealth
UNH
+$69.5M
5
ACN icon
Accenture
ACN
+$68.6M

Top Sells

Rank Stock Value
1
SONY icon
Sony
SONY
+$310M
2
TSM icon
TSMC
TSM
+$265M
3
ISRG icon
Intuitive Surgical
ISRG
+$208M
4
AMZN icon
Amazon
AMZN
+$165M
5
VRTX icon
Vertex Pharmaceuticals
VRTX
+$153M

Sector Composition

Rank Sector Weight
1 Technology 29.52%
2 Healthcare 14.78%
3 Financials 14.61%
4 Communication Services 10.25%
5 Industrials 7.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DE icon
26
Deere & Co
DE
$168B
$222M 1.5%
524,321
-104,963
-17% -$44.2M
VEU icon
27
Vanguard FTSE All-World ex-US ETF
VEU
$68.5B
$215M 1.45%
3,737,079
+2,726,479
+270% +$164M
SONY icon
28
Sony
SONY
$138B
$214M 1.45%
10,135,178
-15,889,492
-61% -$310M
SHEL icon
29
Shell
SHEL
$245B
$206M 1.39%
3,288,445
-146,323
-4% -$9.59M
BKNG icon
30
Booking.com
BKNG
$161B
$202M 1.37%
1,016,875
-216,250
-18% -$41.6M
TW icon
31
Tradeweb Markets
TW
$21.6B
$193M 1.3%
1,471,875
-271,854
-16% -$35.9M
ROK icon
32
Rockwell Automation
ROK
$49B
$179M 1.21%
627,067
-117,346
-16% -$33M
BBVA icon
33
Banco Bilbao Vizcaya Argentaria
BBVA
$156B
$171M 1.16%
17,608,905
-924,722
-5% -$9.15M
ABEV icon
34
Ambev
ABEV
$46.4B
$162M 1.1%
87,819,164
-48,099,253
-35% -$106M
NOW icon
35
ServiceNow
NOW
$129B
$161M 1.09%
759,075
-422,985
-36% -$85.7M
GLOB icon
36
Globant
GLOB
$1.61B
$159M 1.07%
740,085
-11,717
-2% -$2.56M
AAPL icon
37
Apple
AAPL
$4.57T
$154M 1.04%
615,811
-115,329
-16% -$27.2M
DHR icon
38
Danaher
DHR
$144B
$151M 1.02%
659,486
-117,145
-15% -$28.8M
AMAT icon
39
Applied Materials
AMAT
$428B
$136M 0.92%
836,110
-161,931
-16% -$29.3M
ADBE icon
40
Adobe
ADBE
$105B
$123M 0.83%
277,034
-50,361
-15% -$24.9M
ABBV icon
41
AbbVie
ABBV
$435B
$123M 0.83%
690,322
-140,658
-17% -$25.9M
CSGP icon
42
CoStar Group
CSGP
$12.3B
$121M 0.82%
1,688,680
-309,558
-15% -$23.4M
RIO icon
43
Rio Tinto
RIO
$164B
$118M 0.79%
1,998,265
-146,015
-7% -$9.33M
NVDA icon
44
NVIDIA
NVDA
$5.42T
$111M 0.75%
+825,923
New +$114M
SNPS icon
45
Synopsys
SNPS
$79.7B
$103M 0.7%
212,024
-35,633
-14% -$18.6M
HON icon
46
Honeywell
HON
$78B
$98.2M 0.66%
461,391
-99,598
-18% -$20.8M
NOC icon
47
Northrop Grumman
NOC
$81.2B
$83.8M 0.57%
178,669
-37,417
-17% -$18.8M
SLB icon
48
SLB Ltd
SLB
$75B
$82.9M 0.56%
2,163,426
-508,236
-19% -$21.3M
TLK icon
49
Telkom Indonesia
TLK
$14.9B
$69.3M 0.47%
4,209,919
-1,276,779
-23% -$22.3M
ATKR icon
50
Atkore
ATKR
$3.16B
$53.3M 0.36%
639,136
-45,488
-7% -$4.01M
1
2
3

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DCP
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FCM
Frontier Capital Management Boston, Massachusetts $9.73B AUM 55.65% 1-Year Est. Return
CCM
Cullen Capital Management New York $9.75B AUM 21.81% 1-Year Est. Return
URS
Utah Retirement Systems Salt Lake City, Utah $9.78B AUM 28.72% 1-Year Est. Return
MPI
Mairs & Power Inc St Paul, Minnesota $9.79B AUM 20.6% 1-Year Est. Return
TIM
Thornburg Investment Management Santa Fe, New Mexico $9.63B AUM 35.65% 1-Year Est. Return
SC
Sculptor Capital New York $9.61B AUM 27.5% 1-Year Est. Return
TCA
Tortoise Capital Advisors Overland Park, Kansas $9.6B AUM 19.53% 1-Year Est. Return

Harding Loevner's Q4 2024 Portfolio in Review

As of Q4 2024, Harding Loevner held 71 positions worth $14.8B, down 15% from $17.3B the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Harding Loevner withdrew a net $2.52B in Q4 2024, closing 4 positions and reducing 54 holdings. Its most notable exit was Intuitive Surgical, an estimated $208M position sold in full.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Harding Loevner opened a new position in NVIDIA worth $111M.

  • Harding Loevner's largest Q4 2024 buy was NVIDIA: 825,923 shares worth $111M.
  • Harding Loevner added most to Vanguard FTSE All-World ex-US ETF in Q4 2024, an estimated $164M increase.
  • Harding Loevner's biggest Q4 2024 reduction was Sony, cutting an estimated $310M.
  • Harding Loevner fully exited Intuitive Surgical in Q4 2024, selling an estimated $208M.
  • Harding Loevner's ten largest holdings make up 44% of its $14.8B portfolio in Q4 2024.
  • Harding Loevner opened 4 new positions and closed 4 in Q4 2024.
  • Harding Loevner's portfolio value fell 15% quarter-over-quarter to $14.8B.

Based on Harding Loevner's 13F filing for Q4 2024, filed 14 Feb 2025.