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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
+3.87%
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
$25.6B
AUM Growth
+$1.39B
Cap. Flow
+$960M
Cap. Flow %
3.76%
Top 10 Hldgs %
35.16%
Holding
159
New
12
Increased
39
Reduced
65
Closed
5

Top Buys

Rank Stock Value
1
BHP icon
BHP
BHP
+$777M
2
ADBE icon
Adobe
ADBE
+$356M
3
BABA icon
Alibaba
BABA
+$272M
4
SIVB
SVB Financial Group
SIVB
+$259M
5
ASML icon
ASML
ASML
+$248M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$374M
2
ITUB icon
Itaú Unibanco
ITUB
+$326M
3
XOM icon
ExxonMobil
XOM
+$293M
4
IBN icon
ICICI Bank
IBN
+$281M
5
SAP icon
SAP
SAP
+$261M

Sector Composition

Rank Sector Weight
1 Technology 23.56%
2 Financials 20.91%
3 Consumer Discretionary 11.08%
4 Healthcare 10.29%
5 Communication Services 9.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ISRG icon
51
Intuitive Surgical
ISRG
$134B
$185M 0.72%
750,723
-47,943
-6% -$12.1M
VFC icon
52
VF Corp
VFC
$5.89B
$182M 0.71%
2,278,960
-175,045
-7% -$14.2M
DHR icon
53
Danaher
DHR
$144B
$174M 0.68%
870,238
+869,869
+235,737% +$177M
ROP icon
54
Roper Technologies
ROP
$39.8B
$164M 0.64%
406,040
-28,315
-7% -$11.4M
BBVA icon
55
Banco Bilbao Vizcaya Argentaria
BBVA
$156B
$163M 0.64%
31,145,056
+26,588,861
+584% +$140M
VRSK icon
56
Verisk Analytics
VRSK
$25B
$161M 0.63%
908,892
-518,953
-36% -$95M
IQV icon
57
IQVIA
IQV
$39.3B
$160M 0.63%
828,410
+823,490
+16,738% +$155M
BAP icon
58
Credicorp
BAP
$30.7B
$145M 0.57%
1,065,294
-25,800
-2% -$4.01M
UL icon
59
Unilever
UL
$136B
$145M 0.57%
2,309,471
+3,090
+0.1% +$197K
TS icon
60
Tenaris
TS
$26.8B
$137M 0.54%
6,040,841
-198,891
-3% -$3.8M
DEO icon
61
Diageo
DEO
$53.6B
$129M 0.5%
783,615
-100,945
-11% -$16.5M
CIB icon
62
Grupo Cibest SA
CIB
$21.1B
$126M 0.49%
3,933,449
-98,651
-2% -$3.51M
ALC icon
63
Alcon
ALC
$35B
$125M 0.49%
+1,782,902
New +$126M
RDS.B
64
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
$118M 0.46%
3,196,169
+175,747
+6% +$6.71M
JOBS
65
DELISTED
51job Inc
JOBS
$113M 0.44%
1,797,219
-51,707
-3% -$3.45M
LIN icon
66
Linde
LIN
$226B
$105M 0.41%
375,247
-231,698
-38% -$60.1M
ATHM icon
67
Autohome
ATHM
$2.62B
$69.9M 0.27%
749,927
-21,336
-3% -$2.37M
BSAC icon
68
Banco Santander Chile
BSAC
$16.6B
$59.5M 0.23%
2,397,999
-75,335
-3% -$1.73M
ASAI
69
DELISTED
Sendas Distribuidora S.A. American Depositary Share (each representing five common shares)
ASAI
$52.5M 0.21%
+4,036,121
New +$51.3M
ZTO icon
70
ZTO Express
ZTO
$17.9B
$37.8M 0.15%
1,296,598
-32,632
-2% -$1.07M
VEU icon
71
Vanguard FTSE All-World ex-US ETF
VEU
$68.5B
$32M 0.13%
526,577
-396,438
-43% -$24.1M
INDA icon
72
iShares MSCI India ETF
INDA
$6.63B
$30.7M 0.12%
728,635
-75,887
-9% -$3.19M
CBD
73
DELISTED
Companhia Brasileira de Distribuicao
CBD
$23.6M 0.09%
4,053,468
-89,078
-2% -$1.08M
TLK icon
74
Telkom Indonesia
TLK
$14.9B
$7.96M 0.03%
+336,564
New +$8.02M
EC icon
75
Ecopetrol
EC
$34.5B
$7.44M 0.03%
580,641
+37,764
+7% +$488K
1 2
3
4 5

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DCP
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FCM
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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
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Harding Loevner's Q1 2021 Portfolio in Review

As of Q1 2021, Harding Loevner held 159 positions worth $25.6B, up 5.7% from $24.2B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Harding Loevner deployed $960M of net new capital in Q1 2021, opening 12 new positions and adding to 39 existing holdings. Its largest new stake was Alcon: 1,782,902 shares worth $125M.

By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 25% a quarter earlier, followed by Financials and Consumer Discretionary.

On the sell side, the largest reduction was Apple, an estimated $374M trimmed.

  • Harding Loevner's largest Q1 2021 buy was Alcon: 1,782,902 shares worth $125M.
  • Harding Loevner added most to BHP in Q1 2021, an estimated $777M increase.
  • Harding Loevner's biggest Q1 2021 reduction was Apple, cutting an estimated $374M.
  • Harding Loevner fully exited iShares MSCI ACWI ex US ETF in Q1 2021, selling an estimated $6.74M.
  • Harding Loevner's ten largest holdings make up 35% of its $25.6B portfolio in Q1 2021.
  • Harding Loevner opened 12 new positions and closed 5 in Q1 2021.
  • Harding Loevner's portfolio value rose 5.7% quarter-over-quarter to $25.6B.

Based on Harding Loevner's 13F filing for Q1 2021, filed 17 May 2021.