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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
+3.92%
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
$12.7B
AUM Growth
+$327M
Cap. Flow
-$24.5M
Cap. Flow %
-0.19%
Top 10 Hldgs %
34.52%
Holding
118
New
7
Increased
33
Reduced
40
Closed
25

Top Buys

Rank Stock Value
1
RDS.B
Royal Dutch Shell PLC ADS Class B
RDS.B
+$160M
2
SBNY
Signature Bank
SBNY
+$105M
3
SIVB
SVB Financial Group
SIVB
+$99.3M
4
CEO
CNOOC Limited
CEO
+$87.7M
5
BIDU icon
Baidu
BIDU
+$64.9M

Top Sells

Rank Stock Value
1
IBN icon
ICICI Bank
IBN
+$372M
2
NVO
Novo Nordisk
NVO
+$103M
3
TRMB icon
Trimble
TRMB
+$78.6M
4
ITUB icon
Itaú Unibanco
ITUB
+$76.7M
5
IMO icon
Imperial Oil
IMO
+$60.2M

Sector Composition

Rank Sector Weight
1 Financials 16.88%
2 Technology 16.16%
3 Communication Services 15.44%
4 Energy 10.13%
5 Consumer Discretionary 9.26%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EWJ icon
101
iShares MSCI Japan ETF
EWJ
$23B
– –
-18,250
Closed -$885K
INDA icon
102
iShares MSCI India ETF
INDA
$6.63B
– –
-169,700
Closed -$4.67M
IQV icon
103
IQVIA
IQV
$39.3B
– –
-2
Closed –
IXC icon
104
iShares Global Energy ETF
IXC
$2.76B
– –
-21,070
Closed -$590K
IXP icon
105
iShares Global Comm Services ETF
IXP
$572M
– –
-4,800
Closed -$278K
MELI icon
106
Mercado Libre
MELI
$92.3B
– –
-2
Closed –
NVO
107
Novo Nordisk
NVO
$209B
– –
-3,583,302
Closed -$103M
SBUX icon
108
Starbucks
SBUX
$120B
– –
-3
Closed –
STE icon
109
Steris
STE
$23.1B
– –
-21,513
Closed -$1.62M
TRIP icon
110
TripAdvisor
TRIP
$1.26B
– –
-2
Closed –
TRMB icon
111
Trimble
TRMB
$13.9B
– –
-3,665,540
Closed -$78.6M
TUR icon
112
iShares MSCI Turkey ETF
TUR
$213M
– –
-3,360
Closed -$122K
VSS icon
113
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.9B
– –
-51,100
Closed -$4.75M
WDAY icon
114
Workday
WDAY
$44.4B
– –
-1
Closed –
AMTD
115
DELISTED
TD Ameritrade Holding Corp
AMTD
– –
-6
Closed –
ESRX
116
DELISTED
Express Scripts Holding Company
ESRX
– –
-2
Closed –
PX
117
DELISTED
Praxair Inc
PX
– –
-1
Closed –
IPW
118
DELISTED
SPDR S&P International Energy Sector
IPW
– –
-2,290
Closed -$35K
1 2 3 4
5

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CCM
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URS
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Harding Loevner's Q1 2016 Portfolio in Review

As of Q1 2016, Harding Loevner held 118 positions worth $12.7B, up 2.6% from $12.3B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Harding Loevner's Q1 2016 filing shows 7 new, 33 increased, 40 reduced and 25 closed positions. Its largest new stake was Royal Dutch Shell PLC ADS Class B: 3,569,431 shares worth $176M. The largest sale was ICICI Bank, an estimated $372M.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Technology and Communication Services.

  • Harding Loevner's largest Q1 2016 buy was Royal Dutch Shell PLC ADS Class B: 3,569,431 shares worth $176M.
  • Harding Loevner added most to SVB Financial Group in Q1 2016, an estimated $99.3M increase.
  • Harding Loevner's biggest Q1 2016 reduction was ICICI Bank, cutting an estimated $372M.
  • Harding Loevner fully exited Novo Nordisk in Q1 2016, selling an estimated $103M.
  • Harding Loevner's ten largest holdings make up 35% of its $12.7B portfolio in Q1 2016.
  • Harding Loevner opened 7 new positions and closed 25 in Q1 2016.
  • Harding Loevner's portfolio value rose 2.6% quarter-over-quarter to $12.7B.

Based on Harding Loevner's 13F filing for Q1 2016, filed 2 May 2016.