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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
+7.88%
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
$16.2B
AUM Growth
-$1.62B
Cap. Flow
-$2.71B
Cap. Flow %
-16.72%
Top 10 Hldgs %
38.85%
Holding
77
New
5
Increased
8
Reduced
56
Closed
8

Top Buys

Rank Stock Value
1
MELI icon
Mercado Libre
MELI
+$367M
2
GLOB icon
Globant
GLOB
+$203M
3
MSFT icon
Microsoft
MSFT
+$192M
4
ZTO icon
ZTO Express
ZTO
+$191M
5
BKNG icon
Booking.com
BKNG
+$129M

Top Sells

Rank Stock Value
1
TSM icon
TSMC
TSM
+$579M
2
FMX icon
Fomento Económico Mexicano
FMX
+$302M
3
SAP icon
SAP
SAP
+$279M
4
MFC icon
Manulife Financial
MFC
+$203M
5
BHP icon
BHP
BHP
+$193M

Sector Composition

Rank Sector Weight
1 Technology 26.65%
2 Healthcare 18.48%
3 Financials 13.02%
4 Communication Services 10.87%
5 Industrials 9.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NOC icon
51
Northrop Grumman
NOC
$81.2B
$96.7M 0.6%
201,961
-23,319
-10% -$10.7M
NKE icon
52
Nike
NKE
$61.9B
$88.6M 0.55%
942,289
-83,182
-8% -$8.46M
TS icon
53
Tenaris
TS
$26.8B
$70.8M 0.44%
1,802,852
-459,769
-20% -$15.9M
KSPI icon
54
Kaspi.kz JSC
KSPI
$17.2B
$64.4M 0.4%
+500,351
New +$51.2M
EPAM icon
55
EPAM Systems
EPAM
$5.03B
$48.6M 0.3%
175,818
-11,617
-6% -$3.42M
ITUB icon
56
Itaú Unibanco
ITUB
$87.5B
$41.2M 0.25%
6,738,860
-3,084,395
-31% -$18.6M
VEU icon
57
Vanguard FTSE All-World ex-US ETF
VEU
$68.5B
$36M 0.22%
614,065
+176,162
+40% +$9.96M
MFC icon
58
Manulife Financial
MFC
$73.5B
$32.6M 0.2%
1,306,224
-8,814,008
-87% -$203M
BBVA icon
59
Banco Bilbao Vizcaya Argentaria
BBVA
$156B
$30.1M 0.19%
2,545,994
-17,484,932
-87% -$175M
HLN icon
60
Haleon
HLN
$44.2B
$24.7M 0.15%
2,907,726
-19,464,464
-87% -$163M
SONY icon
61
Sony
SONY
$138B
$23.9M 0.15%
1,394,685
-10,005,395
-88% -$184M
SHEL icon
62
Shell
SHEL
$245B
$22.9M 0.14%
341,714
-2,336,229
-87% -$150M
CIB icon
63
Grupo Cibest SA
CIB
$21.1B
$22.5M 0.14%
658,207
-132,402
-17% -$4.29M
RIO icon
64
Rio Tinto
RIO
$164B
$18.5M 0.11%
289,646
-2,056,279
-88% -$138M
BABA icon
65
Alibaba
BABA
$308B
$7.55M 0.05%
104,342
-28,210
-21% -$2.07M
INDA icon
66
iShares MSCI India ETF
INDA
$6.63B
$7.46M 0.05%
144,526
-13,792
-9% -$696K
ACWI icon
67
iShares MSCI ACWI ETF
ACWI
$33.5B
$4.65M 0.03%
+42,220
New +$4.43M
VEA icon
68
Vanguard FTSE Developed Markets ETF
VEA
$236B
$708K ﹤0.01%
14,120
+1,393
+11% +$67.3K
NBIS
69
Nebius Group N.V.
NBIS
$47.7B
$270K ﹤0.01%
512,717
-18,249
-3% -$9.62K
ACWX icon
70
iShares MSCI ACWI ex US ETF
ACWX
$11.8B
– –
-341,142
Closed -$17.4M
BBD icon
71
Banco Bradesco
BBD
$36.7B
– –
-13,068
Closed -$45.7K
EFG icon
72
iShares MSCI EAFE Growth ETF
EFG
$17.3B
– –
-50,855
Closed -$4.93M
EW icon
73
Edwards Lifesciences
EW
$51.7B
– –
-1,452,716
Closed -$111M
NVDA icon
74
NVIDIA
NVDA
$5.42T
– –
-3,867,240
Closed -$193M
SCZ icon
75
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.7B
– –
-166,388
Closed -$10.3M
1 2
3
4

Similar funds

DCP
Durable Capital Partners Bethesda, Maryland $9.71B AUM 26.27% 1-Year Est. Return
FCM
Frontier Capital Management Boston, Massachusetts $9.73B AUM 55.65% 1-Year Est. Return
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
Tortoise Capital Advisors Overland Park, Kansas $9.6B AUM 19.53% 1-Year Est. Return

Harding Loevner's Q1 2024 Portfolio in Review

As of Q1 2024, Harding Loevner held 77 positions worth $16.2B, down 9.1% from $17.8B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Harding Loevner withdrew a net $2.71B in Q1 2024, closing 8 positions and reducing 56 holdings. Its most notable exit was NVIDIA, an estimated $193M position sold in full.

By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 27% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Harding Loevner opened a new position in Mercado Libre worth $339M.

  • Harding Loevner's largest Q1 2024 buy was Mercado Libre: 224,067 shares worth $339M.
  • Harding Loevner added most to Microsoft in Q1 2024, an estimated $192M increase.
  • Harding Loevner's biggest Q1 2024 reduction was TSMC, cutting an estimated $579M.
  • Harding Loevner fully exited NVIDIA in Q1 2024, selling an estimated $193M.
  • Harding Loevner's ten largest holdings make up 39% of its $16.2B portfolio in Q1 2024.
  • Harding Loevner opened 5 new positions and closed 8 in Q1 2024.
  • Harding Loevner's portfolio value fell 9.1% quarter-over-quarter to $16.2B.

Based on Harding Loevner's 13F filing for Q1 2024, filed 15 May 2024.