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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
+0.9%
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
$13.1B
AUM Growth
-$1.74B
Cap. Flow
-$1.68B
Cap. Flow %
-12.9%
Top 10 Hldgs %
44.71%
Holding
73
New
6
Increased
6
Reduced
55
Closed
6
Avg Time Held
21.3 quarters
Top 10 Avg Time Held
13.5 quarters
Top 20 Avg Time Held
13.5 quarters

Top Buys

Rank Stock Value
1
ASML icon
ASML
ASML
+$200M
2
TTD icon
Trade Desk
TTD
+$159M
3
HEI icon
HEICO Corp
HEI
+$106M
4
AME icon
Ametek
AME
+$103M
5
APH icon
Amphenol
APH
+$96.6M

Top Sells

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$271M
2
ROK icon
Rockwell Automation
ROK
+$179M
3
ABEV icon
Ambev
ABEV
+$176M
4
VEU icon
Vanguard FTSE All-World ex-US ETF
VEU
+$170M
5
AAPL icon
Apple
AAPL
+$154M

Sector Composition

Rank Sector Weight
1 Technology 28.04%
2 Financials 15.91%
3 Healthcare 15.38%
4 Industrials 8.8%
5 Communication Services 8.79%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
TLK icon
51
Telkom Indonesia
TLK
$12.6B
$65.9M 0.51%
4,462,466
+252,547
+6% +$3.95M
2021 Q1
16 quarters
GMAB icon
52
Genmab
GMAB
$22.8B
$56.4M 0.43%
2,880,826
+637,434
+28% +$13.4M
2020 Q4
17 quarters
VEU icon
53
Vanguard FTSE All-World ex-US ETF
VEU
$68.3B
$56M 0.43%
922,513
-2,814,566
-75% -$170M
2017 Q3
30 quarters
TS icon
54
Tenaris
TS
$28.9B
$23.3M 0.18%
595,646
-247,344
-29% -$9.5M
2013 Q2
47 quarters
KSPI icon
55
Kaspi.kz JSC
KSPI
$17.7B
$17.3M 0.13%
186,307
-10,853
-6% -$1.06M
2024 Q1
4 quarters
ITUB icon
56
Itaú Unibanco
ITUB
$112B
$12.3M 0.09%
2,297,461
-65,936
-3% -$332K
2013 Q2
47 quarters
EPAM icon
57
EPAM Systems
EPAM
$5.84B
$8.54M 0.07%
50,566
-6,319
-11% -$1.39M
2017 Q2
31 quarters
INDA icon
58
iShares MSCI India ETF
INDA
$5.73B
$8.12M 0.06%
157,699
+17,560
+13% +$885K
2019 Q2
23 quarters
CIB icon
59
Grupo Cibest SA
CIB
$22.4B
$7.38M 0.06%
183,661
-78,394
-30% -$3.08M
2013 Q2
47 quarters
NTES icon
60
NetEase
NTES
$79.6B
$7.25M 0.06%
+70,471
New +$7.09M
2025 Q1
0 quarters
BABA icon
61
Alibaba
BABA
$277B
$4.37M 0.03%
33,058
-2,720
-8% -$314K
2017 Q3
30 quarters
ACWI icon
62
iShares MSCI ACWI ETF
ACWI
$33.3B
$4.03M 0.03%
34,592
-63,496
-65% -$7.61M
2024 Q1
4 quarters
IBN icon
63
ICICI Bank
IBN
$100B
$2.58M 0.02%
81,791
-41,317
-34% -$1.2M
2013 Q2
47 quarters
EFA icon
64
iShares MSCI EAFE ETF
EFA
$76.4B
$1.52M 0.01%
18,607
-1,458
-7% -$118K
2024 Q2
3 quarters
VEA icon
65
Vanguard FTSE Developed Markets ETF
VEA
$230B
$1.33M 0.01%
26,157
-98,823
-79% -$5M
2019 Q2
23 quarters
EFG icon
66
iShares MSCI EAFE Growth ETF
EFG
$15.1B
$899K 0.01%
8,990
-19,428
-68% -$1.98M
2024 Q4
1 quarter
ABEV icon
67
Ambev
ABEV
$49.2B
$90.1K ﹤0.01%
38,686
-87,780,478
-100% -$176M
2013 Q4
45 quarters
AAPL icon
68
Apple
AAPL
$4.91T
– –
-615,811
Closed -$154M –
ACWX icon
69
iShares MSCI ACWI ex US ETF
ACWX
$17.5B
– –
-427,258
Closed -$22.3M –
PINS icon
70
Pinterest
PINS
$12.1B
– –
-1,652,644
Closed -$19.3M –
RGEN icon
71
Repligen
RGEN
$11B
– –
-340,083
Closed -$49M –
ROK icon
72
Rockwell Automation
ROK
$48B
– –
-627,067
Closed -$179M –
VT icon
73
Vanguard Total World Stock ETF
VT
$81.6B
– –
-7,709
Closed -$906K –
1 2
3

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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
Clearstead Advisors Cleveland, Ohio $10.6B AUM 24.87% 1-Year Est. Return
SCM
SCS Capital Management Boston, Massachusetts $10.6B AUM 19.73% 1-Year Est. Return
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 Q1 2025 Portfolio in Review

As of Q1 2025, Harding Loevner held 73 positions worth $13.1B, down 12% from $14.8B the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Harding Loevner withdrew a net $1.68B in Q1 2025, closing 6 positions and reducing 55 holdings. Its most notable exit was Rockwell Automation, an estimated $179M position sold in full.

By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 30% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Harding Loevner opened a new position in ASML worth $182M.

  • Harding Loevner's largest Q1 2025 buy was ASML: 274,611 shares worth $182M.
  • Harding Loevner added most to Atkore in Q1 2025, an estimated $47M increase.
  • Harding Loevner's biggest Q1 2025 reduction was Meta Platforms (Facebook), cutting an estimated $271M.
  • Harding Loevner fully exited Rockwell Automation in Q1 2025, selling an estimated $179M.
  • Harding Loevner's ten largest holdings make up 45% of its $13.1B portfolio in Q1 2025.
  • Harding Loevner opened 6 new positions and closed 6 in Q1 2025.
  • Harding Loevner's portfolio value fell 12% quarter-over-quarter to $13.1B.

Based on Harding Loevner's 13F filing for Q1 2025, filed 15 May 2025.