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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
+8.38%
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
$12.3B
AUM Growth
-$54.7M
(-0.44%)
Cap. Flow
-$746M
Cap. Flow
% of AUM
-6.04%
Top 10 Holdings %
Top 10 Hldgs %
34.87%
Holding
133
New
31
Increased
21
Reduced
50
Closed
22
Avg Time Held
5.3
quarters
Top 10 Avg Time Held
4.5
quarters
Top 20 Avg Time Held
4.8
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$335M |
| 2 |
Itaú Unibanco
ITUB
|
+$185M |
| 3 |
GRFS
Grifois
GRFS
|
+$110M |
| 4 |
CBD
Companhia Brasileira de Distribuicao
CBD
|
+$52.4M |
| 5 |
Televisa
TV
|
+$48.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$340M |
| 2 |
eBay
EBAY
|
+$135M |
| 3 |
Imperial Oil
IMO
|
+$88.9M |
| 4 |
Nike
NKE
|
+$61.9M |
| 5 |
NVO
Novo Nordisk
NVO
|
+$59.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.45% |
| 2 | Technology | 16.35% |
| 3 | Communication Services | 16.32% |
| 4 | Consumer Discretionary | 10.23% |
| 5 | Energy | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
LUX
76
DELISTED
Luxottica Group
LUX
| $1.35M | 0.01% |
20,877
-923
| -4% | -$62.7K |
2014 Q3
5 quarters
|
|
77
iShares MSCI Japan ETF
EWJ
$23.9B
| $885K | 0.01% |
+18,250
| New | +$896K |
2015 Q4
0 quarters
|
|
78
iShares Global Energy ETF
IXC
$3.13B
| $590K | ﹤0.01% |
+21,070
| New | +$648K |
2015 Q4
0 quarters
|
|
79
iShares Global Comm Services ETF
IXP
$604M
| $278K | ﹤0.01% |
+4,800
| New | +$284K |
2015 Q4
0 quarters
|
|
80
Allstate
ALL
$58B
| $190K | ﹤0.01% |
3,058
| – | – |
2014 Q1
7 quarters
|
|
81
iShares MSCI Turkey ETF
TUR
$164M
| $122K | ﹤0.01% |
+3,360
| New | +$133K |
2015 Q4
0 quarters
|
|
82
Elevance Health
ELV
$89.5B
| $112K | ﹤0.01% |
800
| – | – |
2015 Q2
2 quarters
|
|
83
Johnson & Johnson
JNJ
$630B
| $82K | ﹤0.01% |
800
| – | – |
2015 Q2
2 quarters
|
|
84
Illinois Tool Works
ITW
$75.2B
| $74K | ﹤0.01% |
800
| – | – |
2015 Q2
2 quarters
|
|
85
lululemon athletica
LULU
$10.9B
| $65K | ﹤0.01% |
+1,240
| New | +$62.5K |
2015 Q4
0 quarters
|
|
86
Procter & Gamble
PG
$351B
| $64K | ﹤0.01% |
800
| – | – |
2013 Q2
10 quarters
|
|
87
HSBC
HSBC
$318B
| $63K | ﹤0.01% |
1,785
+1,741
| +3,957% | +$61.5K |
2015 Q3
1 quarter
|
|
88
Novartis
NVS
$273B
| $62K | ﹤0.01% |
+804
| New | +$63.9K |
2015 Q4
0 quarters
|
|
89
ASML
ASML
$684B
| $61K | ﹤0.01% |
690
-2,020
| -75% | -$184K |
2014 Q4
4 quarters
|
|
|
NBL
90
DELISTED
Noble Energy, Inc.
NBL
| $53K | ﹤0.01% |
1,600
| – | – |
2015 Q2
2 quarters
|
|
91
Avery Dennison
AVY
$12.7B
| $38K | ﹤0.01% |
600
| – | – |
2015 Q2
2 quarters
|
|
|
IPW
92
DELISTED
SPDR S&P International Energy Sector
IPW
| $35K | ﹤0.01% |
+2,290
| New | +$37.9K |
2015 Q4
0 quarters
|
|
93
JD.com
JD
$36.6B
| $16K | ﹤0.01% |
+490
| New | +$14.4K |
2015 Q4
0 quarters
|
|
94
Ovintiv
OVV
$17.7B
| $14K | ﹤0.01% |
+556
| New | +$20.3K |
2015 Q4
0 quarters
|
|
95
Ultrapar
UGP
$8.42B
| $14K | ﹤0.01% |
+1,900
| New | +$16.4K |
2015 Q4
0 quarters
|
|
96
Transocean
RIG
$6.15B
| $3K | ﹤0.01% |
218
| – | – |
2015 Q2
2 quarters
|
|
97
Alibaba
BABA
$277B
| – | – |
-11
| Closed | -$1K | – |
|
98
Brown-Forman Class B
BF.B
$12.1B
| $0 | ﹤0.01% |
+6
| New | +$200 |
2015 Q4
0 quarters
|
|
99
BHP
BHP
$220B
| – | – |
-30
| Closed | -$1K | – |
|
100
Chubb
CB
$132B
| $0 | ﹤0.01% |
+1
| New | +$113 |
2015 Q4
0 quarters
|
|
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Harding Loevner's Q4 2015 Portfolio in Review
As of Q4 2015, Harding Loevner held 133 positions worth $12.3B, down 0.44% from $12.4B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Harding Loevner withdrew a net $746M in Q4 2015, closing 22 positions and reducing 50 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $340M position sold in full.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 21% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Harding Loevner opened a new position in Alphabet (Google) Class A worth $353M.
- Harding Loevner's largest Q4 2015 buy was Alphabet (Google) Class A: 9,064,780 shares worth $353M.
- Harding Loevner added most to Itaú Unibanco in Q4 2015, an estimated $185M increase.
- Harding Loevner's biggest Q4 2015 reduction was Imperial Oil, cutting an estimated $88.9M.
- Harding Loevner fully exited Alphabet (Google) Class C in Q4 2015, selling an estimated $340M.
- Harding Loevner's ten largest holdings make up 35% of its $12.3B portfolio in Q4 2015.
- Harding Loevner opened 31 new positions and closed 22 in Q4 2015.
- Harding Loevner's portfolio value fell 0.44% quarter-over-quarter to $12.3B.
Based on Harding Loevner's 13F filing for Q4 2015, filed 26 Jan 2016.