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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
-0.24%
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
$14.8B
AUM Growth
-$2.54B
Cap. Flow
-$2.52B
Cap. Flow %
-17.06%
Top 10 Hldgs %
43.56%
Holding
71
New
4
Increased
8
Reduced
54
Closed
4

Top Buys

Rank Stock Value
1
VEU icon
Vanguard FTSE All-World ex-US ETF
VEU
+$164M
2
NVDA icon
NVIDIA
NVDA
+$114M
3
MELI icon
Mercado Libre
MELI
+$97.8M
4
UNH icon
UnitedHealth
UNH
+$69.5M
5
ACN icon
Accenture
ACN
+$68.6M

Top Sells

Rank Stock Value
1
SONY icon
Sony
SONY
+$310M
2
TSM icon
TSMC
TSM
+$265M
3
ISRG icon
Intuitive Surgical
ISRG
+$208M
4
AMZN icon
Amazon
AMZN
+$165M
5
VRTX icon
Vertex Pharmaceuticals
VRTX
+$153M

Sector Composition

Rank Sector Weight
1 Technology 29.52%
2 Healthcare 14.78%
3 Financials 14.61%
4 Communication Services 10.25%
5 Industrials 7.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RGEN icon
51
Repligen
RGEN
$9.25B
$49M 0.33%
340,083
-576,059
-63% -$82.6M
GMAB icon
52
Genmab
GMAB
$19.5B
$46.8M 0.32%
2,243,392
-823,550
-27% -$18.1M
TS icon
53
Tenaris
TS
$26.8B
$31.9M 0.22%
842,990
-60,877
-7% -$2.16M
ACWX icon
54
iShares MSCI ACWI ex US ETF
ACWX
$11.8B
$22.3M 0.15%
+427,258
New +$23.4M
PINS icon
55
Pinterest
PINS
$13.4B
$19.3M 0.13%
1,652,644
-4,279,309
-72% -$135M
KSPI icon
56
Kaspi.kz JSC
KSPI
$17.2B
$18.7M 0.13%
197,160
-65,453
-25% -$7M
EPAM icon
57
EPAM Systems
EPAM
$5.03B
$13.3M 0.09%
56,885
-18,895
-25% -$4.2M
ACWI icon
58
iShares MSCI ACWI ETF
ACWI
$33.5B
$11.5M 0.08%
98,088
+64,886
+195% +$7.79M
ITUB icon
59
Itaú Unibanco
ITUB
$87.5B
$10.3M 0.07%
2,363,397
-998,437
-30% -$5.14M
CIB icon
60
Grupo Cibest SA
CIB
$21.1B
$8.26M 0.06%
262,055
-97,342
-27% -$3.14M
INDA icon
61
iShares MSCI India ETF
INDA
$6.63B
$7.38M 0.05%
140,139
– –
VEA icon
62
Vanguard FTSE Developed Markets ETF
VEA
$236B
$5.98M 0.04%
124,980
+84,759
+211% +$4.26M
IBN icon
63
ICICI Bank
IBN
$108B
$3.68M 0.02%
123,108
+112
+0.1% +$3.38K
BABA icon
64
Alibaba
BABA
$308B
$3.03M 0.02%
35,778
-14,480
-29% -$1.37M
EFG icon
65
iShares MSCI EAFE Growth ETF
EFG
$17.3B
$2.75M 0.02%
+28,418
New +$2.89M
EFA icon
66
iShares MSCI EAFE ETF
EFA
$80.2B
$1.52M 0.01%
20,065
+17,556
+700% +$1.39M
VT icon
67
Vanguard Total World Stock ETF
VT
$79.8B
$906K 0.01%
+7,709
New +$925K
BNTX icon
68
BioNTech
BNTX
$23.5B
– –
-2,325
Closed -$276K
ISRG icon
69
Intuitive Surgical
ISRG
$134B
– –
-423,619
Closed -$208M
XP icon
70
XP
XP
$8.39B
– –
-148,706
Closed -$2.67M
NBIS
71
Nebius Group N.V.
NBIS
$47.7B
– –
-480,240
Closed -$5.36M
1 2
3

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FCM
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CCM
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URS
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MPI
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TIM
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SC
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TCA
Tortoise Capital Advisors Overland Park, Kansas $9.6B AUM 19.53% 1-Year Est. Return

Harding Loevner's Q4 2024 Portfolio in Review

As of Q4 2024, Harding Loevner held 71 positions worth $14.8B, down 15% from $17.3B the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Harding Loevner withdrew a net $2.52B in Q4 2024, closing 4 positions and reducing 54 holdings. Its most notable exit was Intuitive Surgical, an estimated $208M position sold in full.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 27% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Harding Loevner opened a new position in NVIDIA worth $111M.

  • Harding Loevner's largest Q4 2024 buy was NVIDIA: 825,923 shares worth $111M.
  • Harding Loevner added most to Vanguard FTSE All-World ex-US ETF in Q4 2024, an estimated $164M increase.
  • Harding Loevner's biggest Q4 2024 reduction was Sony, cutting an estimated $310M.
  • Harding Loevner fully exited Intuitive Surgical in Q4 2024, selling an estimated $208M.
  • Harding Loevner's ten largest holdings make up 44% of its $14.8B portfolio in Q4 2024.
  • Harding Loevner opened 4 new positions and closed 4 in Q4 2024.
  • Harding Loevner's portfolio value fell 15% quarter-over-quarter to $14.8B.

Based on Harding Loevner's 13F filing for Q4 2024, filed 14 Feb 2025.