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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
+1.58%
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
$12.4B
AUM Growth
-$1.07B
(-7.9%)
Cap. Flow
-$1.18B
Cap. Flow
% of AUM
-9.46%
Top 10 Holdings %
Top 10 Hldgs %
33.01%
Holding
95
New
10
Increased
29
Reduced
42
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verisk Analytics
VRSK
|
+$123M |
| 2 |
Televisa
TV
|
+$104M |
| 3 |
SAP
SAP
|
+$91M |
| 4 |
GRFS
Grifois
GRFS
|
+$61.5M |
| 5 |
Grupo Cibest SA
CIB
|
+$57.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SIAL
SIGMA - ALDRICH CORP
SIAL
|
+$409M |
| 2 |
AGN
Allergan Inc
AGN
|
+$303M |
| 3 |
Cognizant
CTSH
|
+$138M |
| 4 |
Itaú Unibanco
ITUB
|
+$134M |
| 5 |
HDFC Bank
HDB
|
+$56M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.7% |
| 2 | Technology | 16.09% |
| 3 | Consumer Staples | 10.17% |
| 4 | Energy | 9.1% |
| 5 | Communication Services | 8.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Ecopetrol
EC
$34.5B
| $2.24M | 0.02% |
131,000
-4,700
| -3% | -$112K |
|
77
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.9B
| $1.39M | 0.01% |
+14,600
| New | +$1.43M |
|
|
LUX
78
DELISTED
Luxottica Group
LUX
| $992K | 0.01% |
18,210
-1,120
| -6% | -$57.7K |
|
79
FirstCash
FCFS
$8.78B
| $825K | 0.01% |
14,820
-1,200
| -7% | -$68K |
|
80
iShares MSCI ACWI ETF
ACWI
$33.5B
| $367K | ﹤0.01% |
+6,272
| New | +$368K |
|
81
VF Corp
VFC
$5.89B
| $360K | ﹤0.01% |
+5,098
| New | +$337K |
|
|
PCP
82
DELISTED
PRECISION CASTPARTS CORP
PCP
| $357K | ﹤0.01% |
1,480
| – | – |
|
83
Allstate
ALL
$67.5B
| $215K | ﹤0.01% |
3,058
| – | – |
|
84
Elevance Health
ELV
$85.5B
| $101K | ﹤0.01% |
800
| – | – |
|
85
Johnson & Johnson
JNJ
$625B
| $84K | ﹤0.01% |
800
| – | – |
|
86
Illinois Tool Works
ITW
$84.5B
| $76K | ﹤0.01% |
800
| – | – |
|
|
NBL
87
DELISTED
Noble Energy, Inc.
NBL
| $76K | ﹤0.01% |
1,600
| – | – |
|
88
Avery Dennison
AVY
$13.4B
| $31K | ﹤0.01% |
600
| – | – |
|
89
Transocean
RIG
$5.82B
| $4K | ﹤0.01% |
218
| – | – |
|
|
90
Cognizant
CTSH
$26B
| – | – |
-3,088,545
| Closed | -$138M |
|
91
iShares MSCI Japan ETF
EWJ
$23B
| – | – |
-52,398
| Closed | -$2.47M |
|
92
Petrobras
PBR
$116B
| – | – |
-3,825,847
| Closed | -$54.3M |
|
|
SIAL
93
DELISTED
SIGMA - ALDRICH CORP
SIAL
| – | – |
-3,009,963
| Closed | -$409M |
|
|
QGENF
94
DELISTED
QIAGEN NV
QGENF
| – | – |
-1,687,192
| Closed | -$38.4M |
|
|
AGN
95
DELISTED
Allergan Inc
AGN
| – | – |
-1,699,639
| Closed | -$303M |
|
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Harding Loevner's Q4 2014 Portfolio in Review
As of Q4 2014, Harding Loevner held 95 positions worth $12.4B, down 7.9% from $13.5B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Harding Loevner withdrew a net $1.18B in Q4 2014, closing 6 positions and reducing 42 holdings. Its most notable exit was SIGMA - ALDRICH CORP, an estimated $409M position sold in full.
By sector, the portfolio is most concentrated in Financials at 22% of assets, up from 21% a quarter earlier, followed by Technology and Consumer Staples.
Against the trend, Harding Loevner opened a new position in Verisk Analytics worth $126M.
- Harding Loevner's largest Q4 2014 buy was Verisk Analytics: 1,972,752 shares worth $126M.
- Harding Loevner added most to SAP in Q4 2014, an estimated $91M increase.
- Harding Loevner's biggest Q4 2014 reduction was Itaú Unibanco, cutting an estimated $134M.
- Harding Loevner fully exited SIGMA - ALDRICH CORP in Q4 2014, selling an estimated $409M.
- Harding Loevner's ten largest holdings make up 33% of its $12.4B portfolio in Q4 2014.
- Harding Loevner opened 10 new positions and closed 6 in Q4 2014.
- Harding Loevner's portfolio value fell 7.9% quarter-over-quarter to $12.4B.
Based on Harding Loevner's 13F filing for Q4 2014, filed 12 Jan 2015.