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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
+11.11%
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
$26.6B
AUM Growth
+$1.03B
Cap. Flow
-$1.44B
Cap. Flow %
-5.42%
Top 10 Hldgs %
34.98%
Holding
162
New
8
Increased
46
Reduced
51
Closed
5

Top Buys

Rank Stock Value
1
TTD icon
Trade Desk
TTD
+$191M
2
PINS icon
Pinterest
PINS
+$139M
3
TLK icon
Telkom Indonesia
TLK
+$112M
4
DHR icon
Danaher
DHR
+$74.7M
5
TMO icon
Thermo Fisher Scientific
TMO
+$39.3M

Top Sells

Rank Stock Value
1
PYPL icon
PayPal
PYPL
+$296M
2
EDU icon
New Oriental
EDU
+$222M
3
CME icon
CME Group
CME
+$208M
4
TCOM icon
Trip.com Group
TCOM
+$186M
5
BIDU icon
Baidu
BIDU
+$177M

Sector Composition

Rank Sector Weight
1 Technology 24.86%
2 Financials 21.5%
3 Healthcare 11.69%
4 Consumer Discretionary 10.47%
5 Communication Services 10.46%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GMAB icon
76
Genmab
GMAB
$20.7B
$5.4M 0.02%
132,290
+13,012
+11% +$502K
ACWI icon
77
iShares MSCI ACWI ETF
ACWI
$33.5B
$4.15M 0.02%
41,017
-5,003
-11% -$499K
CLB icon
78
Core Laboratories
CLB
$575M
$3.97M 0.01%
101,844
+11,373
+13% +$408K
ST icon
79
Sensata Technologies
ST
$6.27B
$3.5M 0.01%
60,394
+37,108
+159% +$2.16M
EDU icon
80
New Oriental
EDU
$9.47B
$895K ﹤0.01%
10,925
-1,828,663
-99% -$222M
XOM icon
81
ExxonMobil
XOM
$656B
$276K ﹤0.01%
4,373
-279
-6% -$16.7K
SAN icon
82
Banco Santander
SAN
$217B
$199K ﹤0.01%
50,835
-12,407
-20% -$48.1K
VEA icon
83
Vanguard FTSE Developed Markets ETF
VEA
$241B
$199K ﹤0.01%
3,861
+86
+2% +$4.44K
CSCO icon
84
Cisco
CSCO
$431B
$105K ﹤0.01%
1,988
– –
CTSH icon
85
Cognizant
CTSH
$28.1B
$104K ﹤0.01%
1,498
-27
-2% -$2.01K
JPM icon
86
JPMorgan Chase
JPM
$953B
$100K ﹤0.01%
641
– –
AVGO icon
87
Broadcom
AVGO
$1.7T
$99K ﹤0.01%
+2,080
New +$96.4K
ABBV icon
88
AbbVie
ABBV
$453B
$95K ﹤0.01%
847
– –
RGA icon
89
Reinsurance Group of America
RGA
$16.5B
$93K ﹤0.01%
813
– –
UGP icon
90
Ultrapar
UGP
$7.76B
$92K ﹤0.01%
24,408
– –
ADP icon
91
Automatic Data Processing
ADP
$110B
$83K ﹤0.01%
418
– –
JNJ icon
92
Johnson & Johnson
JNJ
$663B
$83K ﹤0.01%
501
– –
BWA icon
93
BorgWarner
BWA
$13.8B
$78K ﹤0.01%
1,832
– –
SBNY
94
DELISTED
Signature Bank
SBNY
$76K ﹤0.01%
308
– –
APD icon
95
Air Products & Chemicals
APD
$67.1B
$73K ﹤0.01%
253
– –
PG icon
96
Procter & Gamble
PG
$340B
$72K ﹤0.01%
532
– –
HON icon
97
Honeywell
HON
$66.4B
$69K ﹤0.01%
333
– –
SBUX icon
98
Starbucks
SBUX
$119B
$65K ﹤0.01%
578
– –
DPZ icon
99
Domino's
DPZ
$11.3B
$64K ﹤0.01%
137
– –
EMR icon
100
Emerson Electric
EMR
$85.2B
$64K ﹤0.01%
666
– –
2 3
4
5 6

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FMI
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VAS
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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 2021 Portfolio in Review

As of Q2 2021, Harding Loevner held 162 positions worth $26.6B, up 4% from $25.6B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Harding Loevner withdrew a net $1.44B in Q2 2021, closing 5 positions and reducing 51 holdings. Its most notable exit was Autohome, an estimated $69.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 24% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Harding Loevner opened a new position in Pinterest worth $157M.

  • Harding Loevner's largest Q2 2021 buy was Pinterest: 1,990,327 shares worth $157M.
  • Harding Loevner added most to Trade Desk in Q2 2021, an estimated $191M increase.
  • Harding Loevner's biggest Q2 2021 reduction was PayPal, cutting an estimated $296M.
  • Harding Loevner fully exited Autohome in Q2 2021, selling an estimated $69.9M.
  • Harding Loevner's ten largest holdings make up 35% of its $26.6B portfolio in Q2 2021.
  • Harding Loevner opened 8 new positions and closed 5 in Q2 2021.
  • Harding Loevner's portfolio value rose 4% quarter-over-quarter to $26.6B.

Based on Harding Loevner's 13F filing for Q2 2021, filed 16 Aug 2021.