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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
+9.85%
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
$27.7B
AUM Growth
+$6.83B
Cap. Flow
+$4.52B
Cap. Flow %
16.29%
Top 10 Hldgs %
32.19%
Holding
190
New
40
Increased
41
Reduced
54
Closed
12

Top Buys

Rank Stock Value
1
IFX
INFINEON TECH AG ADS(REP1 ORD)
IFX
+$374M
2
CME icon
CME Group
CME
+$267M
3
DASTY
DASSAULT SYSTEMES SA ADR
DASTY
+$245M
4
ETSY icon
Etsy
ETSY
+$210M
5
TW icon
Tradeweb Markets
TW
+$173M

Top Sells

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$803M
2
TSM icon
TSMC
TSM
+$458M
3
NBIS
Nebius Group N.V.
NBIS
+$373M
4
TTD icon
Trade Desk
TTD
+$276M
5
NTES icon
NetEase
NTES
+$159M

Sector Composition

Rank Sector Weight
1 Technology 23.2%
2 Financials 15.99%
3 Consumer Discretionary 9.19%
4 Communication Services 8.07%
5 Healthcare 6.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ACWI icon
76
iShares MSCI ACWI ETF
ACWI
$33.5B
$2.58M 0.01%
32,240
+14,825
+85% +$1.17M
CLB icon
77
Core Laboratories
CLB
$521M
$1.28M ﹤0.01%
84,152
-1,064
-1% -$22.3K
ST icon
78
Sensata Technologies
ST
$6.79B
$937K ﹤0.01%
21,715
– –
VEA icon
79
Vanguard FTSE Developed Markets ETF
VEA
$236B
$457K ﹤0.01%
11,172
+3,179
+40% +$130K
UGP icon
80
Ultrapar
UGP
$6.54B
$311K ﹤0.01%
91,037
+7,387
+9% +$27.2K
EFA icon
81
iShares MSCI EAFE ETF
EFA
$80.2B
$255K ﹤0.01%
+4,007
New +$256K
JD icon
82
JD.com
JD
$44.5B
$190K ﹤0.01%
2,446
-362
-13% -$25.2K
KOF icon
83
Coca-Cola Femsa
KOF
$23.2B
$186K ﹤0.01%
4,577
-3,523
-43% -$148K
GRFS
84
Grifois
GRFS
$5.4B
$157K ﹤0.01%
9,002
+8,905
+9,180% +$157K
CL icon
85
Colgate-Palmolive
CL
$74.4B
$115K ﹤0.01%
1,485
-1,920,528
-100% -$146M
ASML icon
86
ASML
ASML
$669B
$112K ﹤0.01%
302
-137
-31% -$51.2K
TTD icon
87
Trade Desk
TTD
$6.49B
$85K ﹤0.01%
1,630
-6,040,240
-100% -$276M
SAN icon
88
Banco Santander
SAN
$210B
$83K ﹤0.01%
46,597
-21,600
-32% -$46.4K
AME icon
89
Ametek
AME
$58.2B
$77K ﹤0.01%
770
– –
APD icon
90
Air Products & Chemicals
APD
$67.6B
$75K ﹤0.01%
253
-67
-21% -$19.3K
JNJ icon
91
Johnson & Johnson
JNJ
$625B
$75K ﹤0.01%
501
-299
-37% -$44.2K
CHD icon
92
Church & Dwight Co
CHD
$24.5B
$74K ﹤0.01%
787
-113
-13% -$10.3K
PG icon
93
Procter & Gamble
PG
$339B
$74K ﹤0.01%
532
-800
-60% -$106K
HON icon
94
Honeywell
HON
$78B
$71K ﹤0.01%
458
– –
DHR icon
95
Danaher
DHR
$144B
$70K ﹤0.01%
369
– –
MCD icon
96
McDonald's
MCD
$195B
$69K ﹤0.01%
313
– –
EW icon
97
Edwards Lifesciences
EW
$51.7B
$68K ﹤0.01%
846
– –
IMO icon
98
Imperial Oil
IMO
$60.4B
$68K ﹤0.01%
5,700
-1,900
-25% -$29.8K
ROK icon
99
Rockwell Automation
ROK
$49B
$65K ﹤0.01%
293
– –
ECL icon
100
Ecolab
ECL
$79.9B
$64K ﹤0.01%
322
– –
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
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
SC
Sculptor Capital New York $9.61B AUM 27.5% 1-Year Est. Return
TCA
Tortoise Capital Advisors Overland Park, Kansas $9.6B AUM 19.53% 1-Year Est. Return

Harding Loevner's Q3 2020 Portfolio in Review

As of Q3 2020, Harding Loevner held 190 positions worth $27.7B, up 33% from $20.9B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Harding Loevner deployed $4.52B of net new capital in Q3 2020, opening 40 new positions and adding to 41 existing holdings. Its largest new stake was INFINEON TECH AG ADS(REP1 ORD): 13,249,533 shares worth $374M.

By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 26% a quarter earlier, followed by Financials and Consumer Discretionary.

On the sell side, the largest reduction was Alibaba, an estimated $803M trimmed.

  • Harding Loevner's largest Q3 2020 buy was INFINEON TECH AG ADS(REP1 ORD): 13,249,533 shares worth $374M.
  • Harding Loevner added most to Illumina in Q3 2020, an estimated $114M increase.
  • Harding Loevner's biggest Q3 2020 reduction was Alibaba, cutting an estimated $803M.
  • Harding Loevner fully exited iShares MSCI ACWI ex US ETF in Q3 2020, selling an estimated $2.21M.
  • Harding Loevner's ten largest holdings make up 32% of its $27.7B portfolio in Q3 2020.
  • Harding Loevner opened 40 new positions and closed 12 in Q3 2020.
  • Harding Loevner's portfolio value rose 33% quarter-over-quarter to $27.7B.

Based on Harding Loevner's 13F filing for Q3 2020, filed 16 Nov 2020.