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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
+3.21%
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
$19.2B
AUM Growth
+$1.63B
(+9.3%)
Cap. Flow
+$1.26B
Cap. Flow
% of AUM
6.53%
Top 10 Holdings %
Top 10 Hldgs %
39.72%
Holding
157
New
25
Increased
37
Reduced
42
Closed
5
Avg Time Held
7.5
quarters
Top 10 Avg Time Held
8.9
quarters
Top 20 Avg Time Held
7.6
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSMC
TSM
|
+$259M |
| 2 |
Baidu
BIDU
|
+$176M |
| 3 |
RDS.B
Royal Dutch Shell PLC ADS Class B
RDS.B
|
+$171M |
| 4 |
FRC
First Republic Bank
FRC
|
+$149M |
| 5 |
SLB Ltd
SLB
|
+$102M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nike
NKE
|
+$156M |
| 2 |
SIVB
SVB Financial Group
SIVB
|
+$146M |
| 3 |
Vanguard FTSE All-World ex-US ETF
VEU
|
+$25M |
| 4 |
iShares MSCI India ETF
INDA
|
+$23.5M |
| 5 |
Booking.com
BKNG
|
+$17.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 24.15% |
| 2 | Technology | 18.75% |
| 3 | Communication Services | 14.31% |
| 4 | Energy | 11.41% |
| 5 | Consumer Discretionary | 9.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
101
Tractor Supply
TSCO
$17.6B
| $59K | ﹤0.01% |
+4,650
| New | +$64.8K |
2018 Q1
0 quarters
|
|
102
IBM
IBM
$214B
| $58K | ﹤0.01% |
397
| – | – |
2017 Q4
1 quarter
|
|
103
IQVIA
IQV
$42.8B
| $57K | ﹤0.01% |
580
| – | – |
2017 Q4
1 quarter
|
|
104
Ecolab
ECL
$79B
| $55K | ﹤0.01% |
400
| – | – |
2017 Q2
3 quarters
|
|
105
Church & Dwight Co
CHD
$23.3B
| $54K | ﹤0.01% |
1,080
| – | – |
2017 Q2
3 quarters
|
|
106
Cisco
CSCO
$467B
| $54K | ﹤0.01% |
1,270
-290
| -19% | -$12.3K |
2017 Q2
3 quarters
|
|
107
Gartner
IT
$12.1B
| $53K | ﹤0.01% |
450
| – | – |
2017 Q2
3 quarters
|
|
108
Air Products & Chemicals
APD
$62.6B
| $51K | ﹤0.01% |
320
| – | – |
2017 Q2
3 quarters
|
|
109
Prudential Financial
PRU
$39B
| $48K | ﹤0.01% |
460
| – | – |
2017 Q2
3 quarters
|
|
|
NBL
110
DELISTED
Noble Energy, Inc.
NBL
| $48K | ﹤0.01% |
1,600
| – | – |
2017 Q2
3 quarters
|
|
111
Alphabet (Google) Class A
GOOGL
$4.3T
| $47K | ﹤0.01% |
900
| – | – |
2015 Q4
9 quarters
|
|
112
Texas Instruments
TXN
$259B
| $41K | ﹤0.01% |
390
| – | – |
2017 Q2
3 quarters
|
|
113
Ryanair
RYAAY
$28.1B
| $40K | ﹤0.01% |
+808
| New | +$38.7K |
2018 Q1
0 quarters
|
|
114
JPMorgan Chase
JPM
$885B
| $32K | ﹤0.01% |
295
-275
| -48% | -$31.1K |
2017 Q2
3 quarters
|
|
115
Trane Technologies
TT
$105B
| $32K | ﹤0.01% |
+380
| New | +$34.1K |
2018 Q1
0 quarters
|
|
116
Zoetis
ZTS
$30.9B
| $32K | ﹤0.01% |
380
| – | – |
2017 Q2
3 quarters
|
|
117
Deere & Co
DE
$167B
| $31K | ﹤0.01% |
200
| – | – |
2017 Q2
3 quarters
|
|
118
Everest Group
EG
$14.1B
| $31K | ﹤0.01% |
+120
| New | +$28.8K |
2018 Q1
0 quarters
|
|
119
Visa
V
$724B
| $31K | ﹤0.01% |
260
| – | – |
2017 Q2
3 quarters
|
|
120
Rockwell Automation
ROK
$48B
| $30K | ﹤0.01% |
170
| – | – |
2017 Q3
2 quarters
|
|
|
ABB
121
DELISTED
ABB Ltd
ABB
| $30K | ﹤0.01% |
+1,259
| New | +$32.4K |
2018 Q1
0 quarters
|
|
122
lululemon athletica
LULU
$10.9B
| $26K | ﹤0.01% |
290
| – | – |
2017 Q2
3 quarters
|
|
123
Flowserve
FLS
$9.19B
| $23K | ﹤0.01% |
530
| – | – |
2017 Q2
3 quarters
|
|
124
British American Tobacco
BTI
$119B
| $21K | ﹤0.01% |
+365
| New | +$23K |
2018 Q1
0 quarters
|
|
125
iShares MSCI EAFE ETF
EFA
$76.4B
| $21K | ﹤0.01% |
+300
| New | +$21.4K |
2018 Q1
0 quarters
|
|
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Harding Loevner's Q1 2018 Portfolio in Review
As of Q1 2018, Harding Loevner held 157 positions worth $19.2B, up 9.3% from $17.6B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Harding Loevner deployed $1.26B of net new capital in Q1 2018, opening 25 new positions and adding to 37 existing holdings. Its largest new stake was Telecom Argentina: 329,750 shares worth $10.3M.
By sector, the portfolio is most concentrated in Financials at 24% of assets, down from 24% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Nike, an estimated $156M trimmed.
- Harding Loevner's largest Q1 2018 buy was Telecom Argentina: 329,750 shares worth $10.3M.
- Harding Loevner added most to TSMC in Q1 2018, an estimated $259M increase.
- Harding Loevner's biggest Q1 2018 reduction was Nike, cutting an estimated $156M.
- Harding Loevner fully exited iShares MSCI India ETF in Q1 2018, selling an estimated $23.5M.
- Harding Loevner's ten largest holdings make up 40% of its $19.2B portfolio in Q1 2018.
- Harding Loevner opened 25 new positions and closed 5 in Q1 2018.
- Harding Loevner's portfolio value rose 9.3% quarter-over-quarter to $19.2B.
Based on Harding Loevner's 13F filing for Q1 2018, filed 14 May 2018.