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
+10.28%
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
$12.9B
AUM Growth
+$1.71B
Cap. Flow
+$638M
Cap. Flow %
4.93%
Top 10 Hldgs %
34.5%
Holding
90
New
4
Increased
68
Reduced
6
Closed
9

Top Buys

Rank Stock Value
1
DVA icon
DaVita
DVA
+$101M
2
ABEV icon
Ambev
ABEV
+$61.8M
3
ITUB icon
Itaú Unibanco
ITUB
+$59.8M
4
CBD
Companhia Brasileira de Distribuicao
CBD
+$55.9M
5
SAP icon
SAP
SAP
+$53.2M

Top Sells

Rank Stock Value
1
EMC
EMC CORPORATION
EMC
+$113M
2
TDC icon
Teradata
TDC
+$82.9M
3
ABV
COMPANHIA BEBIDA ADS EACH REPSTG 1 PFD SH
ABV
+$57.2M
4
ARMH
ARM HOLDINGS PLC ADS
ARMH
+$52.4M
5
BUD icon
AB InBev
BUD
+$50.7M

Sector Composition

Rank Sector Weight
1 Financials 21.74%
2 Technology 14.93%
3 Consumer Discretionary 11.84%
4 Energy 10.26%
5 Consumer Staples 10.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BBVA icon
51
Banco Bilbao Vizcaya Argentaria
BBVA
$163B
$85.6M 0.66%
7,263,720
+1,990,072
+38% +$22.2M
VALE icon
52
Vale
VALE
$65B
$75M 0.58%
4,915,170
+1,175,005
+31% +$18.3M
CPA icon
53
Copa Holdings
CPA
$5.4B
$71.4M 0.55%
446,241
+49,874
+13% +$7.54M
CEO
54
DELISTED
CNOOC Limited
CEO
$70.3M 0.54%
374,384
+88,691
+31% +$17.6M
BBD icon
55
Banco Bradesco
BBD
$36.7B
$67.2M 0.52%
13,687,545
+2,381,492
+21% +$12.7M
BAP icon
56
Credicorp
BAP
$30.4B
$64M 0.5%
500,924
+105,819
+27% +$13.5M
ABEV icon
57
Ambev
ABEV
$46.6B
$62.1M 0.48%
+8,447,510
New +$61.8M
FMX icon
58
Fomento Económico Mexicano
FMX
$41B
$61M 0.47%
623,223
+78,970
+15% +$7.43M
NVO
59
Novo Nordisk
NVO
$206B
$54.7M 0.42%
2,961,270
+803,860
+37% +$14M
JOBS
60
DELISTED
51job Inc
JOBS
$54M 0.42%
1,385,296
+173,286
+14% +$6.46M
CBD
61
DELISTED
Companhia Brasileira de Distribuicao
CBD
$52.8M 0.41%
+1,181,700
New +$55.9M
ASR icon
62
Grupo Aeroportuario del Sureste
ASR
$7.72B
$51.4M 0.4%
412,622
+98,595
+31% +$12.2M
SSL icon
63
Sasol
SSL
$7.87B
$50.9M 0.39%
1,029,531
+226,460
+28% +$11.2M
UL icon
64
Unilever
UL
$138B
$50.5M 0.39%
1,089,304
+290,779
+36% +$13M
TS icon
65
Tenaris
TS
$28.5B
$47.4M 0.37%
1,084,436
+132,644
+14% +$6.01M
EC icon
66
Ecopetrol
EC
$35.5B
$35M 0.27%
910,261
+197,242
+28% +$8.63M
BSAC icon
67
Banco Santander Chile
BSAC
$16.8B
$34.1M 0.26%
1,446,842
+344,113
+31% +$8.15M
TCOM icon
68
Trip.com Group
TCOM
$25.8B
$20.2M 0.16%
815,400
+138,800
+21% +$3.62M
TROW icon
69
T. Rowe Price
TROW
$23.4B
$12.8M 0.1%
152,380
+6,206
+4% +$486K
PBR.A icon
70
Petrobras Class A
PBR.A
$118B
$11.8M 0.09%
804,242
+135,738
+20% +$2.24M
VALE.P
71
DELISTED
Vale S A
VALE.P
$11.8M 0.09%
842,231
+129,592
+18% +$1.84M
VEU icon
72
Vanguard FTSE All-World ex-US ETF
VEU
$71.3B
$10.1M 0.08%
198,841
+171,881
+638% +$8.55M
PHI icon
73
PLDT
PHI
$3.93B
$3.67M 0.03%
61,000
+3,000
+5% +$191K
SHPG
74
DELISTED
Shire pic
SHPG
$1.95M 0.02%
13,811
+3,082
+29% +$405K
CIB icon
75
Grupo Cibest SA
CIB
$23.8B
$1.62M 0.01%
33,000
+5,000
+18% +$266K
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 Q4 2013 Portfolio in Review

As of Q4 2013, Harding Loevner held 90 positions worth $12.9B, up 15% from $11.2B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Harding Loevner deployed $638M of net new capital in Q4 2013, opening 4 new positions and adding to 68 existing holdings. Its largest new stake was DaVita: 1,718,155 shares worth $109M.

By sector, the portfolio is most concentrated in Financials at 22% of assets, up from 21% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was EMC CORPORATION, an estimated $113M trimmed.

  • Harding Loevner's largest Q4 2013 buy was DaVita: 1,718,155 shares worth $109M.
  • Harding Loevner added most to Itaú Unibanco in Q4 2013, an estimated $59.8M increase.
  • Harding Loevner's biggest Q4 2013 reduction was EMC CORPORATION, cutting an estimated $113M.
  • Harding Loevner fully exited COMPANHIA BEBIDA ADS EACH REPSTG 1 PFD SH in Q4 2013, selling an estimated $57.2M.
  • Harding Loevner's ten largest holdings make up 34% of its $12.9B portfolio in Q4 2013.
  • Harding Loevner opened 4 new positions and closed 9 in Q4 2013.
  • Harding Loevner's portfolio value rose 15% quarter-over-quarter to $12.9B.

Based on Harding Loevner's 13F filing for Q4 2013, filed 17 Jan 2014.