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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
-0.17%
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
$17.8B
AUM Growth
-$1.45B
Cap. Flow
-$1.04B
Cap. Flow %
-5.84%
Top 10 Hldgs %
39.23%
Holding
158
New
6
Increased
38
Reduced
44
Closed
21

Top Buys

1
BABA icon
Alibaba
BABA
+$208M
2
CGNX icon
Cognex
CGNX
+$130M
3
BIDU icon
Baidu
BIDU
+$121M
4
ITUB icon
Itaú Unibanco
ITUB
+$72.8M
5
EPAM icon
EPAM Systems
EPAM
+$64.3M

Top Sells

1
SHPG
Shire pic
SHPG
+$239M
2
RDS.B
Royal Dutch Shell PLC ADS Class B
RDS.B
+$159M
3
WB icon
Weibo
WB
+$155M
4
TSM icon
TSMC
TSM
+$155M
5
SAP icon
SAP
SAP
+$148M

Sector Composition

1 Financials 21.97%
2 Technology 19.18%
3 Communication Services 14.15%
4 Consumer Discretionary 10.14%
5 Energy 9.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVS icon
76
Novartis
NVS
$291B
$132K ﹤0.01%
1,953
– –
ITW icon
77
Illinois Tool Works
ITW
$81.4B
$111K ﹤0.01%
800
– –
ASML icon
78
ASML
ASML
$686B
$107K ﹤0.01%
540
– –
PG icon
79
Procter & Gamble
PG
$353B
$106K ﹤0.01%
1,360
– –
JNJ icon
80
Johnson & Johnson
JNJ
$602B
$97K ﹤0.01%
800
– –
UGP icon
81
Ultrapar
UGP
$6.67B
$90K ﹤0.01%
15,272
+1,192
+8% +$9.22K
KOF icon
82
Coca-Cola Femsa
KOF
$21.4B
$86K ﹤0.01%
1,520
-240,812
-99% -$14.7M
EDU icon
83
New Oriental
EDU
$7.87B
$80K ﹤0.01%
845
+65
+8% +$6.22K
COST icon
84
Costco
COST
$419B
$74K ﹤0.01%
355
– –
OVV icon
85
Ovintiv
OVV
$15.9B
$74K ﹤0.01%
1,134
– –
TJX icon
86
TJX Companies
TJX
$171B
$73K ﹤0.01%
1,542
-98
-6% -$4.3K
ADP icon
87
Automatic Data Processing
ADP
$103B
$72K ﹤0.01%
540
– –
TSCO icon
88
Tractor Supply
TSCO
$16.3B
$71K ﹤0.01%
4,650
– –
EL icon
89
Estee Lauder
EL
$30B
$67K ﹤0.01%
+468
New +$69.3K
FISV
90
Fiserv Inc
FISV
$27.6B
$67K ﹤0.01%
900
– –
APH icon
91
Amphenol
APH
$188B
$61K ﹤0.01%
2,800
– –
AVY icon
92
Avery Dennison
AVY
$12.5B
$61K ﹤0.01%
600
– –
MCD icon
93
McDonald's
MCD
$194B
$61K ﹤0.01%
390
-66
-14% -$10.7K
IT icon
94
Gartner
IT
$9.57B
$60K ﹤0.01%
450
– –
AME icon
95
Ametek
AME
$54.4B
$59K ﹤0.01%
820
– –
IQV icon
96
IQVIA
IQV
$35.1B
$58K ﹤0.01%
580
– –
CHD icon
97
Church & Dwight Co
CHD
$23.5B
$57K ﹤0.01%
1,080
– –
ECL icon
98
Ecolab
ECL
$77.6B
$56K ﹤0.01%
400
– –
NBL
99
DELISTED
Noble Energy, Inc.
NBL
$56K ﹤0.01%
1,600
– –
BSMX
100
DELISTED
Banco Santander México, S, A., Institución de Banca Múltiple, Grupo Financiero Santander México
BSMX
$53K ﹤0.01%
7,980
-1,348
-14% -$9.38K
2 3
4
5 6

Similar funds

DCP
Durable Capital Partners Bethesda, Maryland $9.71B AUM 26.27% 1-Year Est. Return
FCM
Frontier Capital Management Boston, Massachusetts $9.73B AUM 55.65% 1-Year Est. Return
CCM
Cullen Capital Management New York $9.75B AUM 21.81% 1-Year Est. Return
CIM
Centersquare Investment Management Conshohocken, Pennsylvania $9.67B AUM 5.55% 1-Year Est. Return
URS
Utah Retirement Systems Salt Lake City, Utah $9.78B AUM 28.72% 1-Year Est. Return
MPI
Mairs & Power Inc St Paul, Minnesota $9.79B AUM 20.6% 1-Year Est. Return
TIM
Thornburg Investment Management Santa Fe, New Mexico $9.63B AUM 35.65% 1-Year Est. Return
DPIM
Duff & Phelps Investment Management Chicago, Illinois $9.63B AUM 11.3% 1-Year Est. Return

Harding Loevner's Q2 2018 Portfolio in Review

As of Q2 2018, Harding Loevner held 158 positions worth $17.8B, down 7.6% from $19.2B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Harding Loevner withdrew a net $1.04B in Q2 2018, closing 21 positions and reducing 44 holdings. Its most notable exit was Starbucks, an estimated $135M position sold in full.

By sector, the portfolio is most concentrated in Financials at 22% of assets, down from 22% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Harding Loevner opened a new position in Cognex worth $122M.

  • Harding Loevner's largest Q2 2018 buy was Cognex: 2,743,171 shares worth $122M.
  • Harding Loevner added most to Alibaba in Q2 2018, an estimated $208M increase.
  • Harding Loevner's biggest Q2 2018 reduction was Shire pic, cutting an estimated $239M.
  • Harding Loevner fully exited Starbucks in Q2 2018, selling an estimated $135M.
  • Harding Loevner's ten largest holdings make up 39% of its $17.8B portfolio in Q2 2018.
  • Harding Loevner opened 6 new positions and closed 21 in Q2 2018.
  • Harding Loevner's portfolio value fell 7.6% quarter-over-quarter to $17.8B.

Based on Harding Loevner's 13F filing for Q2 2018, filed 14 Aug 2018.