We are live on ! Find out more
HL

Harding Loevner Portfolio holdings

AUM $10.6B
1-Year Est. Return 19.39%
This Fund
S&P 500
This Quarter Est. Return
+24.8%
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
$20.9B
AUM Growth
+$2.97B
Cap. Flow
-$975M
Cap. Flow %
-4.67%
Top 10 Hldgs %
41.73%
Holding
157
New
10
Increased
17
Reduced
78
Closed
7

Top Buys

Rank Stock Value
1
ITUB icon
Itaú Unibanco
ITUB
+$469M
2
BABA icon
Alibaba
BABA
+$329M
3
AMZN icon
Amazon
AMZN
+$235M
4
TMO icon
Thermo Fisher Scientific
TMO
+$200M
5
FMX icon
Fomento Económico Mexicano
FMX
+$125M

Top Sells

Rank Stock Value
1
BIDU icon
Baidu
BIDU
+$796M
2
BKNG icon
Booking.com
BKNG
+$323M
3
CNI icon
Canadian National Railway
CNI
+$243M
4
PYPL icon
PayPal
PYPL
+$212M
5
NVDA icon
NVIDIA
NVDA
+$210M

Sector Composition

Rank Sector Weight
1 Technology 25.58%
2 Financials 20.84%
3 Communication Services 14.08%
4 Consumer Discretionary 11.46%
5 Healthcare 8.43%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VEA icon
76
Vanguard FTSE Developed Markets ETF
VEA
$241B
$310K ﹤0.01%
7,993
-182,405
-96% -$6.66M
ALL icon
77
Allstate
ALL
$65.6B
$297K ﹤0.01%
3,058
– –
UGP icon
78
Ultrapar
UGP
$7.76B
$284K ﹤0.01%
83,650
+1,449
+2% +$4.27K
ELV icon
79
Elevance Health
ELV
$88.4B
$210K ﹤0.01%
800
– –
JD icon
80
JD.com
JD
$38.2B
$169K ﹤0.01%
+2,808
New +$142K
ASML icon
81
ASML
ASML
$659B
$162K ﹤0.01%
439
+188
+75% +$59K
PG icon
82
Procter & Gamble
PG
$340B
$159K ﹤0.01%
1,332
– –
SAN icon
83
Banco Santander
SAN
$217B
$158K ﹤0.01%
68,197
– –
ITW icon
84
Illinois Tool Works
ITW
$76.9B
$140K ﹤0.01%
800
– –
EDU icon
85
New Oriental
EDU
$9.47B
$138K ﹤0.01%
1,061
– –
IMO icon
86
Imperial Oil
IMO
$62.2B
$122K ﹤0.01%
7,600
-4,700
-38% -$70.6K
JNJ icon
87
Johnson & Johnson
JNJ
$663B
$113K ﹤0.01%
800
– –
APD icon
88
Air Products & Chemicals
APD
$67.1B
$77K ﹤0.01%
320
– –
SBNY
89
DELISTED
Signature Bank
SBNY
$72K ﹤0.01%
671
– –
CHD icon
90
Church & Dwight Co
CHD
$23.4B
$70K ﹤0.01%
900
– –
AME icon
91
Ametek
AME
$54.5B
$69K ﹤0.01%
+770
New +$64.6K
AVY icon
92
Avery Dennison
AVY
$13.3B
$68K ﹤0.01%
600
– –
SLB icon
93
SLB Ltd
SLB
$85.3B
$65K ﹤0.01%
3,515
-8,843,267
-100% -$155M
ECL icon
94
Ecolab
ECL
$78.3B
$64K ﹤0.01%
322
-78
-20% -$15.1K
ADP icon
95
Automatic Data Processing
ADP
$110B
$62K ﹤0.01%
418
– –
HON icon
96
Honeywell
HON
$66.4B
$62K ﹤0.01%
+458
New +$60.6K
ROK icon
97
Rockwell Automation
ROK
$48.2B
$62K ﹤0.01%
+293
New +$56.7K
JPM icon
98
JPMorgan Chase
JPM
$953B
$60K ﹤0.01%
641
– –
DHR icon
99
Danaher
DHR
$146B
$58K ﹤0.01%
369
– –
EW icon
100
Edwards Lifesciences
EW
$51.8B
$58K ﹤0.01%
+846
New +$60.1K
2 3
4
5 6

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 Q2 2020 Portfolio in Review

As of Q2 2020, Harding Loevner held 157 positions worth $20.9B, up 17% from $17.9B the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Harding Loevner withdrew a net $975M in Q2 2020, closing 7 positions and reducing 78 holdings. Its most notable exit was iShares MSCI EAFE Growth ETF, an estimated $2.06M position sold in full.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 25% a quarter earlier, followed by Financials and Communication Services.

Against the trend, Harding Loevner opened a new position in Amazon worth $268M.

  • Harding Loevner's largest Q2 2020 buy was Amazon: 1,942,800 shares worth $268M.
  • Harding Loevner added most to Itaú Unibanco in Q2 2020, an estimated $469M increase.
  • Harding Loevner's biggest Q2 2020 reduction was Baidu, cutting an estimated $796M.
  • Harding Loevner fully exited iShares MSCI EAFE Growth ETF in Q2 2020, selling an estimated $2.06M.
  • Harding Loevner's ten largest holdings make up 42% of its $20.9B portfolio in Q2 2020.
  • Harding Loevner opened 10 new positions and closed 7 in Q2 2020.
  • Harding Loevner's portfolio value rose 17% quarter-over-quarter to $20.9B.

Based on Harding Loevner's 13F filing for Q2 2020, filed 14 Aug 2020.