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HL

Harding Loevner Portfolio holdings

AUM $10.6B
1-Year Est. Return 19.39%
This Fund
S&P 500
This Quarter Est. Return
+11.11%
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
$26.6B
AUM Growth
+$1.03B
Cap. Flow
-$1.44B
Cap. Flow %
-5.42%
Top 10 Hldgs %
34.98%
Holding
162
New
8
Increased
46
Reduced
51
Closed
5

Top Buys

Rank Stock Value
1
TTD icon
Trade Desk
TTD
+$191M
2
PINS icon
Pinterest
PINS
+$139M
3
TLK icon
Telkom Indonesia
TLK
+$112M
4
DHR icon
Danaher
DHR
+$74.7M
5
TMO icon
Thermo Fisher Scientific
TMO
+$39.3M

Top Sells

Rank Stock Value
1
PYPL icon
PayPal
PYPL
+$296M
2
EDU icon
New Oriental
EDU
+$222M
3
CME icon
CME Group
CME
+$208M
4
TCOM icon
Trip.com Group
TCOM
+$186M
5
BIDU icon
Baidu
BIDU
+$177M

Sector Composition

Rank Sector Weight
1 Technology 24.86%
2 Financials 21.5%
3 Healthcare 11.69%
4 Consumer Discretionary 10.47%
5 Communication Services 10.46%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ROP icon
51
Roper Technologies
ROP
$40.3B
$192M 0.72%
409,135
+3,095
+0.8% +$1.37M
VFC icon
52
VF Corp
VFC
$5.29B
$188M 0.71%
2,295,743
+16,783
+0.7% +$1.4M
ASR icon
53
Grupo Aeroportuario del Sureste
ASR
$7.72B
$170M 0.64%
921,832
-130,023
-12% -$23.5M
VRSK icon
54
Verisk Analytics
VRSK
$24.2B
$160M 0.6%
915,556
+6,664
+0.7% +$1.18M
PINS icon
55
Pinterest
PINS
$11.6B
$157M 0.59%
+1,990,327
New +$139M
UL icon
56
Unilever
UL
$138B
$153M 0.57%
2,321,229
+11,758
+0.5% +$782K
BBVA icon
57
Banco Bilbao Vizcaya Argentaria
BBVA
$163B
$147M 0.55%
23,723,494
-7,421,562
-24% -$43.9M
ALC icon
58
Alcon
ALC
$34.1B
$126M 0.47%
1,790,498
+7,596
+0.4% +$541K
RDS.B
59
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
$125M 0.47%
3,230,296
+34,127
+1% +$1.29M
JOBS
60
DELISTED
51job Inc
JOBS
$121M 0.46%
1,561,506
-235,713
-13% -$16.4M
DEO icon
61
Diageo
DEO
$49.6B
$119M 0.45%
618,284
-165,331
-21% -$30.8M
TS icon
62
Tenaris
TS
$28.5B
$112M 0.42%
5,124,730
-916,111
-15% -$20.7M
TLK icon
63
Telkom Indonesia
TLK
$14.6B
$112M 0.42%
5,175,978
+4,839,414
+1,438% +$112M
LIN icon
64
Linde
LIN
$220B
$109M 0.41%
377,259
+2,012
+0.5% +$587K
CIB icon
65
Grupo Cibest SA
CIB
$23.8B
$98.4M 0.37%
3,417,666
-515,783
-13% -$15.9M
BSAC icon
66
Banco Santander Chile
BSAC
$16.8B
$41.3M 0.16%
2,077,826
-320,173
-13% -$7.16M
ZTO icon
67
ZTO Express
ZTO
$15.9B
$33.9M 0.13%
1,116,983
-179,615
-14% -$5.55M
CBD
68
DELISTED
Companhia Brasileira de Distribuicao
CBD
$27.5M 0.1%
3,535,417
-518,051
-13% -$3.71M
INDA icon
69
iShares MSCI India ETF
INDA
$6.77B
$24.3M 0.09%
548,030
-180,605
-25% -$7.74M
VEU icon
70
Vanguard FTSE All-World ex-US ETF
VEU
$71.3B
$23.7M 0.09%
373,126
-153,451
-29% -$9.71M
NTES icon
71
NetEase
NTES
$76.4B
$7.99M 0.03%
69,316
+982
+1% +$108K
EC icon
72
Ecopetrol
EC
$35.5B
$7.5M 0.03%
513,280
-67,361
-12% -$859K
ABCM
73
DELISTED
Abcam PLC
ABCM
$6.82M 0.03%
358,327
-1,551
-0.4% -$30.9K
TCOM icon
74
Trip.com Group
TCOM
$25.8B
$6.54M 0.02%
184,487
-4,869,856
-96% -$186M
ACN icon
75
Accenture
ACN
$114B
$6.23M 0.02%
21,121
+873
+4% +$250K
1 2
3
4 5

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VAS
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DPIM
Duff & Phelps Investment Management Chicago, Illinois $10.6B AUM 18.62% 1-Year Est. Return
CA
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SCM
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FCM
Frontier Capital Management Boston, Massachusetts $10.7B AUM 67.78% 1-Year Est. Return
URS
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AAM
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Harding Loevner's Q2 2021 Portfolio in Review

As of Q2 2021, Harding Loevner held 162 positions worth $26.6B, up 4% from $25.6B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Harding Loevner withdrew a net $1.44B in Q2 2021, closing 5 positions and reducing 51 holdings. Its most notable exit was Autohome, an estimated $69.9M position sold in full.

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

Against the trend, Harding Loevner opened a new position in Pinterest worth $157M.

  • Harding Loevner's largest Q2 2021 buy was Pinterest: 1,990,327 shares worth $157M.
  • Harding Loevner added most to Trade Desk in Q2 2021, an estimated $191M increase.
  • Harding Loevner's biggest Q2 2021 reduction was PayPal, cutting an estimated $296M.
  • Harding Loevner fully exited Autohome in Q2 2021, selling an estimated $69.9M.
  • Harding Loevner's ten largest holdings make up 35% of its $26.6B portfolio in Q2 2021.
  • Harding Loevner opened 8 new positions and closed 5 in Q2 2021.
  • Harding Loevner's portfolio value rose 4% quarter-over-quarter to $26.6B.

Based on Harding Loevner's 13F filing for Q2 2021, filed 16 Aug 2021.