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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
+3.46%
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
$11.4B
AUM Growth
-$2.27B
Cap. Flow
-$2.48B
Cap. Flow %
-21.8%
Top 10 Hldgs %
47.15%
Holding
79
New
8
Increased
13
Reduced
55
Closed
3

Top Buys

Rank Stock Value
1
VEU icon
Vanguard FTSE All-World ex-US ETF
VEU
+$78.4M
2
EFX icon
Equifax
EFX
+$70.4M
3
FN icon
Fabrinet
FN
+$60.8M
4
NICE icon
Nice
NICE
+$44.1M
5
HON icon
Honeywell
HON
+$30.6M

Top Sells

Rank Stock Value
1
SAP icon
SAP
SAP
+$488M
2
BHP icon
BHP
BHP
+$440M
3
LIN icon
Linde
LIN
+$397M
4
TSM icon
TSMC
TSM
+$242M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$134M

Sector Composition

Rank Sector Weight
1 Technology 28.45%
2 Financials 19.27%
3 Healthcare 11.58%
4 Communication Services 10.36%
5 Industrials 9.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FN icon
51
Fabrinet
FN
$14.6B
$63.6M 0.56%
+139,687
New +$60.8M
CSGP icon
52
CoStar Group
CSGP
$12.5B
$61.9M 0.54%
920,272
-163,050
-15% -$11.5M
NOC icon
53
Northrop Grumman
NOC
$73.2B
$51.2M 0.45%
89,814
-15,697
-15% -$9.11M
ATKR icon
54
Atkore
ATKR
$3.17B
$46.3M 0.41%
732,753
-163,245
-18% -$10.7M
TTD icon
55
Trade Desk
TTD
$6.78B
$41.7M 0.37%
1,098,217
-191,631
-15% -$8.49M
ACWX icon
56
iShares MSCI ACWI ex US ETF
ACWX
$12.7B
$19M 0.17%
283,184
+263,361
+1,329% +$17.4M
INDA icon
57
iShares MSCI India ETF
INDA
$6.77B
$13.7M 0.12%
253,039
+95,340
+60% +$5.14M
TS icon
58
Tenaris
TS
$28.5B
$12M 0.11%
311,282
-96,865
-24% -$3.73M
VEA icon
59
Vanguard FTSE Developed Markets ETF
VEA
$241B
$10.5M 0.09%
168,181
+150,367
+844% +$9.21M
KSPI icon
60
Kaspi.kz JSC
KSPI
$20.4B
$9.61M 0.08%
123,009
-31,793
-21% -$2.4M
ITUB icon
61
Itaú Unibanco
ITUB
$89.8B
$9.36M 0.08%
1,307,297
-356,622
-21% -$2.54M
CIB icon
62
Grupo Cibest SA
CIB
$23.8B
$9.07M 0.08%
142,512
-29,978
-17% -$1.79M
IBN icon
63
ICICI Bank
IBN
$109B
$8.92M 0.08%
299,318
+223,689
+296% +$6.86M
EWT icon
64
iShares MSCI Taiwan ETF
EWT
$12.2B
$8.88M 0.08%
+139,760
New +$9M
ACWI icon
65
iShares MSCI ACWI ETF
ACWI
$33.5B
$7.79M 0.07%
55,069
-8,446
-13% -$1.19M
GLOB icon
66
Globant
GLOB
$1.69B
$6.88M 0.06%
105,261
-491,970
-82% -$30.9M
EPAM icon
67
EPAM Systems
EPAM
$6.04B
$6.27M 0.06%
30,611
-6,570
-18% -$1.17M
EEM icon
68
iShares MSCI Emerging Markets ETF
EEM
$31.9B
$4.56M 0.04%
+83,350
New +$4.53M
BHP icon
69
BHP
BHP
$230B
$4.23M 0.04%
70,086
-7,747,561
-99% -$440M
LIN icon
70
Linde
LIN
$220B
$4.17M 0.04%
9,786
-926,228
-99% -$397M
EFA icon
71
iShares MSCI EAFE ETF
EFA
$80.1B
$1.83M 0.02%
19,020
+16,621
+693% +$1.58M
EWY icon
72
iShares MSCI South Korea ETF
EWY
$28.8B
$1.37M 0.01%
+14,060
New +$1.29M
VXUS icon
73
Vanguard Total International Stock ETF
VXUS
$167B
$1.26M 0.01%
+16,692
New +$1.25M
VT icon
74
Vanguard Total World Stock ETF
VT
$82.5B
$526K ﹤0.01%
+3,728
New +$521K
AMAT icon
75
Applied Materials
AMAT
$361B
$208K ﹤0.01%
+809
New +$194K
1 2
3
4

Similar funds

FMI
Factory Mutual Insurance Waltham, Massachusetts $10.6B AUM 34.1% 1-Year Est. Return
VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $10.6B AUM 25.02% 1-Year Est. Return
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
Utah Retirement Systems Salt Lake City, Utah $10.5B AUM 42.22% 1-Year Est. Return
AAM
Alphadyne Asset Management New York $10.5B AUM 37.62% 1-Year Est. Return

Harding Loevner's Q4 2025 Portfolio in Review

As of Q4 2025, Harding Loevner held 79 positions worth $11.4B, down 17% from $13.6B the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Harding Loevner withdrew a net $2.48B in Q4 2025, closing 3 positions and reducing 55 holdings. Its most notable exit was Synopsys, an estimated $119M position sold in full.

By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 31% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Harding Loevner opened a new position in Equifax worth $69.7M.

  • Harding Loevner's largest Q4 2025 buy was Equifax: 321,343 shares worth $69.7M.
  • Harding Loevner added most to Vanguard FTSE All-World ex-US ETF in Q4 2025, an estimated $78.4M increase.
  • Harding Loevner's biggest Q4 2025 reduction was SAP, cutting an estimated $488M.
  • Harding Loevner fully exited Synopsys in Q4 2025, selling an estimated $119M.
  • Harding Loevner's ten largest holdings make up 47% of its $11.4B portfolio in Q4 2025.
  • Harding Loevner opened 8 new positions and closed 3 in Q4 2025.
  • Harding Loevner's portfolio value fell 17% quarter-over-quarter to $11.4B.

Based on Harding Loevner's 13F filing for Q4 2025, filed 17 Feb 2026.