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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
-3.77%
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
$18.2B
AUM Growth
-$7.92B
Cap. Flow
-$2.26B
Cap. Flow %
-12.43%
Top 10 Hldgs %
36.93%
Holding
168
New
8
Increased
30
Reduced
80
Closed
15

Top Buys

Rank Stock Value
1
ROK icon
Rockwell Automation
ROK
+$255M
2
AVGO icon
Broadcom
AVGO
+$199M
3
LULU icon
lululemon athletica
LULU
+$178M
4
SHEL icon
Shell
SHEL
+$168M
5
FMX icon
Fomento Económico Mexicano
FMX
+$117M

Top Sells

Rank Stock Value
1
CHKP icon
Check Point Software Technologies
CHKP
+$378M
2
BIDU icon
Baidu
BIDU
+$275M
3
TSM icon
TSMC
TSM
+$248M
4
EPAM icon
EPAM Systems
EPAM
+$194M
5
MA icon
Mastercard
MA
+$177M

Sector Composition

Rank Sector Weight
1 Technology 23.37%
2 Financials 18.83%
3 Healthcare 15.78%
4 Industrials 9.25%
5 Communication Services 8.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ABCM
76
DELISTED
Abcam PLC
ABCM
$6.82M 0.04%
374,598
+527
+0.1% +$9.33K
GMAB icon
77
Genmab
GMAB
$20.7B
$4.96M 0.03%
136,948
+1,827
+1% +$62.7K
ST icon
78
Sensata Technologies
ST
$6.27B
$2.95M 0.02%
66,332
+4,942
+8% +$281K
CLB icon
79
Core Laboratories
CLB
$575M
$2.71M 0.01%
111,988
+8,453
+8% +$237K
VEA icon
80
Vanguard FTSE Developed Markets ETF
VEA
$241B
$1.37M 0.01%
28,468
-147,749
-84% -$7.19M
VT icon
81
Vanguard Total World Stock ETF
VT
$82.5B
$657K ﹤0.01%
6,490
-7,354
-53% -$745K
EFA icon
82
iShares MSCI EAFE ETF
EFA
$80.1B
$393K ﹤0.01%
5,344
-9,173
-63% -$686K
BAP icon
83
Credicorp
BAP
$30.4B
$171K ﹤0.01%
1,356
-502
-27% -$75.8K
SAN icon
84
Banco Santander
SAN
$217B
$135K ﹤0.01%
49,212
– –
ACWX icon
85
iShares MSCI ACWI ex US ETF
ACWX
$12.7B
$109K ﹤0.01%
2,085
-124,953
-98% -$6.66M
ABBV icon
86
AbbVie
ABBV
$453B
$96K ﹤0.01%
637
-210
-25% -$30.5K
BWA icon
87
BorgWarner
BWA
$13.8B
$94K ﹤0.01%
2,890
+1,058
+58% +$39.5K
BMY icon
88
Bristol-Myers Squibb
BMY
$136B
$83K ﹤0.01%
1,086
-382
-26% -$25.6K
RGA icon
89
Reinsurance Group of America
RGA
$16.5B
$78K ﹤0.01%
671
-257
-28% -$28.4K
IT icon
90
Gartner
IT
$11.8B
$74K ﹤0.01%
+311
New +$90K
JPM icon
91
JPMorgan Chase
JPM
$953B
$72K ﹤0.01%
589
-52
-8% -$7.68K
ELAN icon
92
Elanco Animal Health
ELAN
$12.2B
$71K ﹤0.01%
3,234
+2,480
+329% +$66K
MRK icon
93
Merck
MRK
$371B
$64K ﹤0.01%
734
– –
TER icon
94
Teradyne
TER
$55.8B
$62K ﹤0.01%
618
-76
-11% -$9.63K
NBIX icon
95
Neurocrine Biosciences
NBIX
$15.8B
$61K ﹤0.01%
810
+33
+4% +$2.8K
OLLI icon
96
Ollie's Bargain Outlet
OLLI
$4.55B
$61K ﹤0.01%
1,243
+26
+2% +$1.16K
HEI icon
97
HEICO Corp
HEI
$45.5B
$56K ﹤0.01%
419
– –
MBUU icon
98
Malibu Boats
MBUU
$549M
$49K ﹤0.01%
939
– –
RYAAY icon
99
Ryanair
RYAAY
$28.7B
$48K ﹤0.01%
+1,428
New +$58.7K
SBNY
100
DELISTED
Signature Bank
SBNY
$47K ﹤0.01%
213
-17
-7% -$5.52K
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 Q1 2022 Portfolio in Review

As of Q1 2022, Harding Loevner held 168 positions worth $18.2B, down 30% from $26.1B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

Harding Loevner withdrew a net $2.26B in Q1 2022, closing 15 positions and reducing 80 holdings. Its most notable exit was Royal Dutch Shell PLC ADS Class B, an estimated $137M position sold in full.

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

Against the trend, Harding Loevner opened a new position in lululemon athletica worth $162M.

  • Harding Loevner's largest Q1 2022 buy was lululemon athletica: 547,976 shares worth $162M.
  • Harding Loevner added most to Rockwell Automation in Q1 2022, an estimated $255M increase.
  • Harding Loevner's biggest Q1 2022 reduction was Check Point Software Technologies, cutting an estimated $378M.
  • Harding Loevner fully exited Royal Dutch Shell PLC ADS Class B in Q1 2022, selling an estimated $137M.
  • Harding Loevner's ten largest holdings make up 37% of its $18.2B portfolio in Q1 2022.
  • Harding Loevner opened 8 new positions and closed 15 in Q1 2022.
  • Harding Loevner's portfolio value fell 30% quarter-over-quarter to $18.2B.

Based on Harding Loevner's 13F filing for Q1 2022, filed 16 May 2022.