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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
+1.33%
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
$14.3B
AUM Growth
+$1.16B
(+8.8%)
Cap. Flow
+$1.33B
Cap. Flow
% of AUM
9.32%
Top 10 Holdings %
Top 10 Hldgs %
35.73%
Holding
89
New
9
Increased
62
Reduced
8
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verisk Analytics
VRSK
|
+$574M |
| 2 |
Baidu
BIDU
|
+$186M |
| 3 |
ICICI Bank
IBN
|
+$178M |
| 4 |
Lazard
LAZ
|
+$177M |
| 5 |
Booking.com
BKNG
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HDFC Bank
HDB
|
+$172M |
| 2 |
JPMorgan Chase
JPM
|
+$167M |
| 3 |
CTXS
Citrix Systems Inc
CTXS
|
+$159M |
| 4 |
TSMC
TSM
|
+$118M |
| 5 |
Procter & Gamble
PG
|
+$109M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.65% |
| 2 | Technology | 13.81% |
| 3 | Communication Services | 13.15% |
| 4 | Consumer Discretionary | 9.88% |
| 5 | Industrials | 9.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
America Movil
AMX
$71.2B
| $102M | 0.71% |
4,823,653
-998,088
| -17% | -$21M |
|
|
CEO
52
DELISTED
CNOOC Limited
CEO
| $98M | 0.69% |
695,833
+59,564
| +9% | +$9.41M |
|
53
Fresenius Medical Care
FMS
$12.9B
| $94.7M | 0.66% |
2,279,220
+123,025
| +6% | +$5.26M |
|
|
JOBS
54
DELISTED
51job Inc
JOBS
| $93.8M | 0.66% |
2,769,648
+311,464
| +13% | +$10.5M |
|
|
CBD
55
DELISTED
Companhia Brasileira de Distribuicao
CBD
| $93M | 0.65% |
3,933,527
+314,569
| +9% | +$9.3M |
|
56
Ambev
ABEV
$46.4B
| $92.6M | 0.65% |
15,077,437
+1,683,385
| +13% | +$10.4M |
|
57
Unilever
UL
$136B
| $91.2M | 0.64% |
1,886,783
+649,605
| +53% | +$32.1M |
|
58
Banco Santander Chile
BSAC
$16.6B
| $85.7M | 0.6% |
4,275,598
+361,190
| +9% | +$7.73M |
|
59
Banco Bilbao Vizcaya Argentaria
BBVA
$156B
| $83M | 0.58% |
8,852,123
+469,927
| +6% | +$4.54M |
|
60
Grupo Cibest SA
CIB
$21.1B
| $76.5M | 0.54% |
1,839,888
+138,907
| +8% | +$5.97M |
|
|
SHPG
61
DELISTED
Shire pic
SHPG
| $70.2M | 0.49% |
289,930
+17,654
| +6% | +$4.38M |
|
62
Tenaris
TS
$26.8B
| $69.3M | 0.49% |
2,618,115
+294,733
| +13% | +$8.78M |
|
|
GRFS
63
Grifois
GRFS
$5.4B
| $57.9M | 0.41% |
3,756,082
+120,046
| +3% | +$1.95M |
|
64
Sasol
SSL
$7.1B
| $50.5M | 0.35% |
1,370,424
+258,787
| +23% | +$9.54M |
|
65
Fomento Económico Mexicano
FMX
$41.7B
| $44.5M | 0.31% |
492,753
+55,202
| +13% | +$5.12M |
|
66
iShares MSCI India ETF
INDA
$6.63B
| $43M | 0.3% |
1,396,600
+232,800
| +20% | +$7.12M |
|
67
Pricesmart
PSMT
$5.46B
| $10.7M | 0.07% |
116,370
-600
| -0.5% | -$50.3K |
|
68
Copa Holdings
CPA
$5.8B
| $6.09M | 0.04% |
73,650
+1,000
| +1% | +$95.4K |
|
69
Vanguard FTSE All-World ex-US ETF
VEU
$68.5B
| $3.44M | 0.02% |
+70,940
| New | +$3.6M |
|
70
PLDT
PHI
$4.33B
| $2.67M | 0.02% |
42,500
-5,000
| -11% | -$319K |
|
71
Ecopetrol
EC
$34.5B
| $1.95M | 0.01% |
153,500
| – | – |
|
|
LUX
72
DELISTED
Luxottica Group
LUX
| $1.4M | 0.01% |
21,040
+2,830
| +16% | +$187K |
|
73
FirstCash
FCFS
$8.78B
| $740K | 0.01% |
16,020
| – | – |
|
|
74
HDFC Bank
HDB
$121B
| $455K | ﹤0.01% |
30,056
-11,817,328
| -100% | -$172M |
|
75
VF Corp
VFC
$5.89B
| $346K | ﹤0.01% |
5,098
| – | – |
|
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Harding Loevner's Q2 2015 Portfolio in Review
As of Q2 2015, Harding Loevner held 89 positions worth $14.3B, up 8.8% from $13.1B the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Harding Loevner deployed $1.33B of net new capital in Q2 2015, opening 9 new positions and adding to 62 existing holdings. Its largest new stake was Lazard: 3,178,287 shares worth $177M.
By sector, the portfolio is most concentrated in Financials at 21% of assets, up from 20% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was HDFC Bank, an estimated $172M trimmed.
- Harding Loevner's largest Q2 2015 buy was Lazard: 3,178,287 shares worth $177M.
- Harding Loevner added most to Verisk Analytics in Q2 2015, an estimated $574M increase.
- Harding Loevner's biggest Q2 2015 reduction was HDFC Bank, cutting an estimated $172M.
- Harding Loevner fully exited JPMorgan Chase in Q2 2015, selling an estimated $167M.
- Harding Loevner's ten largest holdings make up 36% of its $14.3B portfolio in Q2 2015.
- Harding Loevner opened 9 new positions and closed 4 in Q2 2015.
- Harding Loevner's portfolio value rose 8.8% quarter-over-quarter to $14.3B.
Based on Harding Loevner's 13F filing for Q2 2015, filed 24 Jul 2015.