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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
-1.03%
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
$9.72B
AUM Growth
-$1.65B
Cap. Flow
-$1.25B
Cap. Flow %
-12.9%
Top 10 Hldgs %
45.52%
Holding
79
New
3
Increased
10
Reduced
60
Closed
6
Avg Time Held
19.9 quarters
Top 10 Avg Time Held
9 quarters
Top 20 Avg Time Held
11 quarters

Top Buys

Rank Stock Value
1
RGA icon
Reinsurance Group of America
RGA
+$144M
2
RYAAY icon
Ryanair
RYAAY
+$80.8M
3
AZN icon
AstraZeneca
AZN
+$79.2M
4
NVDA icon
NVIDIA
NVDA
+$75.7M
5
CNI icon
Canadian National Railway
CNI
+$72M

Top Sells

Rank Stock Value
1
ALC icon
Alcon
ALC
+$382M
2
HDB icon
HDFC Bank
HDB
+$321M
3
TSM icon
TSMC
TSM
+$288M
4
ASML icon
ASML
ASML
+$117M
5
CME icon
CME Group
CME
+$75.7M

Sector Composition

Rank Sector Weight
1 Technology 29.23%
2 Financials 17.66%
3 Industrials 12.4%
4 Communication Services 10.02%
5 Healthcare 9.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
ELV icon
51
Elevance Health
ELV
$89.5B
$62M 0.64%
211,839
-8,886
-4% -$2.92M
2025 Q3
2 quarters
SAP icon
52
SAP
SAP
$248B
$61.5M 0.63%
359,225
-27,668
-7% -$5.71M
2013 Q2
51 quarters
EFX icon
53
Equifax
EFX
$17.1B
$58.5M 0.6%
325,008
+3,665
+1% +$728K
2025 Q4
1 quarter
NOC icon
54
Northrop Grumman
NOC
$68.3B
$54.9M 0.56%
80,430
-9,384
-10% -$6.49M
2023 Q1
12 quarters
ATKR icon
55
Atkore
ATKR
$3.2B
$41.5M 0.43%
704,862
-27,891
-4% -$1.81M
2024 Q2
7 quarters
TTD icon
56
Trade Desk
TTD
$5.71B
$24.3M 0.25%
1,069,565
-28,652
-3% -$827K
2025 Q1
4 quarters
TS icon
57
Tenaris
TS
$28.9B
$17M 0.18%
292,858
-18,424
-6% -$908K
2013 Q2
51 quarters
ACWI icon
58
iShares MSCI ACWI ETF
ACWI
$33.3B
$13.2M 0.14%
95,512
+40,443
+73% +$5.81M
2024 Q1
8 quarters
ITUB icon
59
Itaú Unibanco
ITUB
$112B
$10.3M 0.11%
1,233,594
-73,703
-6% -$617K
2013 Q2
51 quarters
CIB icon
60
Grupo Cibest SA
CIB
$22.4B
$9.25M 0.1%
127,105
-15,407
-11% -$1.13M
2013 Q2
51 quarters
KSPI icon
61
Kaspi.kz JSC
KSPI
$17.7B
$8.81M 0.09%
118,947
-4,062
-3% -$306K
2024 Q1
8 quarters
INDA icon
62
iShares MSCI India ETF
INDA
$5.73B
$6.84M 0.07%
146,069
-106,970
-42% -$5.48M
2019 Q2
27 quarters
EPAM icon
63
EPAM Systems
EPAM
$5.84B
$4.98M 0.05%
36,763
+6,152
+20% +$1.05M
2017 Q2
35 quarters
BHP icon
64
BHP
BHP
$220B
$3.25M 0.03%
44,656
-25,430
-36% -$1.8M
2020 Q4
21 quarters
ACWX icon
65
iShares MSCI ACWI ex US ETF
ACWX
$17.7B
$3.05M 0.03%
44,490
-238,694
-84% -$16.8M
2025 Q3
2 quarters
LIN icon
66
Linde
LIN
$223B
$2.73M 0.03%
5,502
-4,284
-44% -$2.02M
2018 Q4
29 quarters
IBN icon
67
ICICI Bank
IBN
$100B
$1.87M 0.02%
72,269
-227,049
-76% -$6.66M
2013 Q2
51 quarters
ALC icon
68
Alcon
ALC
$31B
$1.71M 0.02%
22,645
-4,788,220
-100% -$382M
2021 Q1
20 quarters
VEA icon
69
Vanguard FTSE Developed Markets ETF
VEA
$230B
$1.63M 0.02%
25,456
-142,725
-85% -$9.42M
2019 Q2
27 quarters
GLOB icon
70
Globant
GLOB
$1.57B
$996K 0.01%
21,599
-83,662
-79% -$4.63M
2024 Q1
8 quarters
EFA icon
71
iShares MSCI EAFE ETF
EFA
$76.4B
$384K ﹤0.01%
3,952
-15,068
-79% -$1.51M
2024 Q2
7 quarters
EFG icon
72
iShares MSCI EAFE Growth ETF
EFG
$15.1B
$360K ﹤0.01%
3,236
+1,442
+80% +$170K
2025 Q3
2 quarters
VT icon
73
Vanguard Total World Stock ETF
VT
$81.6B
$227K ﹤0.01%
1,642
-2,086
-56% -$300K
2025 Q4
1 quarter
AMAT icon
74
Applied Materials
AMAT
$402B
– –
-809
Closed -$208K –
CSGP icon
75
CoStar Group
CSGP
$12B
– –
-920,272
Closed -$61.9M –
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 Q1 2026 Portfolio in Review

As of Q1 2026, Harding Loevner held 79 positions worth $9.72B, down 14% from $11.4B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Harding Loevner withdrew a net $1.25B in Q1 2026, closing 6 positions and reducing 60 holdings. Its most notable exit was CoStar Group, an estimated $61.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 28% a quarter earlier, followed by Financials and Industrials.

Against the trend, Harding Loevner opened a new position in Reinsurance Group of America worth $142M.

  • Harding Loevner's largest Q1 2026 buy was Reinsurance Group of America: 696,797 shares worth $142M.
  • Harding Loevner added most to Ryanair in Q1 2026, an estimated $80.8M increase.
  • Harding Loevner's biggest Q1 2026 reduction was Alcon, cutting an estimated $382M.
  • Harding Loevner fully exited CoStar Group in Q1 2026, selling an estimated $61.9M.
  • Harding Loevner's ten largest holdings make up 46% of its $9.72B portfolio in Q1 2026.
  • Harding Loevner opened 3 new positions and closed 6 in Q1 2026.
  • Harding Loevner's portfolio value fell 14% quarter-over-quarter to $9.72B.

Based on Harding Loevner's 13F filing for Q1 2026, filed 15 May 2026.