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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
+3.92%
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
$12.7B
AUM Growth
+$327M
Cap. Flow
-$24.5M
Cap. Flow %
-0.19%
Top 10 Hldgs %
34.52%
Holding
118
New
7
Increased
33
Reduced
40
Closed
25

Top Buys

Rank Stock Value
1
RDS.B
Royal Dutch Shell PLC ADS Class B
RDS.B
+$160M
2
SBNY
Signature Bank
SBNY
+$105M
3
SIVB
SVB Financial Group
SIVB
+$99.3M
4
CEO
CNOOC Limited
CEO
+$87.7M
5
BIDU icon
Baidu
BIDU
+$64.9M

Top Sells

Rank Stock Value
1
IBN icon
ICICI Bank
IBN
+$372M
2
NVO
Novo Nordisk
NVO
+$103M
3
TRMB icon
Trimble
TRMB
+$78.6M
4
ITUB icon
Itaú Unibanco
ITUB
+$76.7M
5
IMO icon
Imperial Oil
IMO
+$60.2M

Sector Composition

Rank Sector Weight
1 Financials 16.88%
2 Technology 16.16%
3 Communication Services 15.44%
4 Energy 10.13%
5 Consumer Discretionary 9.26%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FMS icon
51
Fresenius Medical Care
FMS
$12.9B
$104M 0.82%
2,364,418
+96,722
+4% +$4.1M
UL icon
52
Unilever
UL
$136B
$102M 0.8%
2,001,529
+111,851
+6% +$5.44M
BSAC icon
53
Banco Santander Chile
BSAC
$16.6B
$98.4M 0.78%
5,084,587
+500,540
+11% +$8.84M
ABEV icon
54
Ambev
ABEV
$46.4B
$97.1M 0.77%
18,747,021
+2,199,500
+13% +$10.1M
CIB icon
55
Grupo Cibest SA
CIB
$21.1B
$95.4M 0.75%
2,792,484
+217,800
+8% +$6.48M
AMX icon
56
America Movil
AMX
$71.2B
$95.2M 0.75%
6,127,448
+2,315,218
+61% +$32M
MON
57
DELISTED
Monsanto Co
MON
$94M 0.74%
1,070,889
-27,012
-2% -$2.44M
NBIS
58
Nebius Group N.V.
NBIS
$47.7B
$87.8M 0.69%
5,732,434
-192,441
-3% -$2.63M
SSL icon
59
Sasol
SSL
$7.1B
$64.8M 0.51%
2,194,212
+224,659
+11% +$6.1M
IMO icon
60
Imperial Oil
IMO
$60.4B
$60.4M 0.48%
1,808,435
-1,928,809
-52% -$60.2M
FMX icon
61
Fomento Económico Mexicano
FMX
$41.7B
$59.2M 0.47%
614,867
+72,200
+13% +$6.6M
BBVA icon
62
Banco Bilbao Vizcaya Argentaria
BBVA
$156B
$57.5M 0.45%
8,976,022
+808,054
+10% +$5.13M
IBN icon
63
ICICI Bank
IBN
$108B
$25.1M 0.2%
3,857,150
-63,468,904
-94% -$372M
KOF icon
64
Coca-Cola Femsa
KOF
$23.2B
$20M 0.16%
241,110
-64,900
-21% -$4.69M
PSMT icon
65
Pricesmart
PSMT
$5.46B
$7.16M 0.06%
84,670
-19,600
-19% -$1.52M
EC icon
66
Ecopetrol
EC
$34.5B
$5.94M 0.05%
689,550
+125,816
+22% +$888K
SHPG
67
DELISTED
Shire pic
SHPG
$2.02M 0.02%
11,756
-451
-4% -$75.5K
CPA icon
68
Copa Holdings
CPA
$5.8B
$1.93M 0.02%
28,520
-5,175
-15% -$290K
LUX
69
DELISTED
Luxottica Group
LUX
$1.09M 0.01%
19,907
-970
-5% -$56.3K
VEU icon
70
Vanguard FTSE All-World ex-US ETF
VEU
$68.5B
$559K ﹤0.01%
12,945
-1,145,115
-99% -$46.9M
ALL icon
71
Allstate
ALL
$67.5B
$206K ﹤0.01%
3,058
– –
ELV icon
72
Elevance Health
ELV
$85.5B
$111K ﹤0.01%
800
– –
JNJ icon
73
Johnson & Johnson
JNJ
$625B
$87K ﹤0.01%
800
– –
ITW icon
74
Illinois Tool Works
ITW
$84.5B
$82K ﹤0.01%
800
– –
ASML icon
75
ASML
ASML
$669B
$69K ﹤0.01%
690
– –
1 2
3
4 5

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FCM
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CCM
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URS
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MPI
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Harding Loevner's Q1 2016 Portfolio in Review

As of Q1 2016, Harding Loevner held 118 positions worth $12.7B, up 2.6% from $12.3B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Harding Loevner's Q1 2016 filing shows 7 new, 33 increased, 40 reduced and 25 closed positions. Its largest new stake was Royal Dutch Shell PLC ADS Class B: 3,569,431 shares worth $176M. The largest sale was ICICI Bank, an estimated $372M.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Technology and Communication Services.

  • Harding Loevner's largest Q1 2016 buy was Royal Dutch Shell PLC ADS Class B: 3,569,431 shares worth $176M.
  • Harding Loevner added most to SVB Financial Group in Q1 2016, an estimated $99.3M increase.
  • Harding Loevner's biggest Q1 2016 reduction was ICICI Bank, cutting an estimated $372M.
  • Harding Loevner fully exited Novo Nordisk in Q1 2016, selling an estimated $103M.
  • Harding Loevner's ten largest holdings make up 35% of its $12.7B portfolio in Q1 2016.
  • Harding Loevner opened 7 new positions and closed 25 in Q1 2016.
  • Harding Loevner's portfolio value rose 2.6% quarter-over-quarter to $12.7B.

Based on Harding Loevner's 13F filing for Q1 2016, filed 2 May 2016.