We are live on ! Find out more
HL

Harding Loevner Portfolio holdings

AUM $9.72B
1-Year Est. Return 22.38%
This Fund
S&P 500
This Quarter Est. Return
+16.71%
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
$21.3B
AUM Growth
+$4B
Cap. Flow
+$1.22B
Cap. Flow %
5.74%
Top 10 Hldgs %
37.61%
Holding
143
New
4
Increased
59
Reduced
27
Closed
11

Top Buys

Rank Stock Value
1
CHL
China Mobile Limited
CHL
+$520M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$426M
3
ABEV icon
Ambev
ABEV
+$207M
4
DEO icon
Diageo
DEO
+$162M
5
ILMN icon
Illumina
ILMN
+$144M

Top Sells

Rank Stock Value
1
TS icon
Tenaris
TS
+$263M
2
ITUB icon
Itaú Unibanco
ITUB
+$151M
3
RDS.B
Royal Dutch Shell PLC ADS Class B
RDS.B
+$143M
4
COR icon
Cencora
COR
+$140M
5
NVDA icon
NVIDIA
NVDA
+$129M

Sector Composition

Rank Sector Weight
1 Technology 23.38%
2 Financials 19.84%
3 Consumer Discretionary 11.75%
4 Communication Services 10.6%
5 Industrials 7.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CVS icon
101
CVS Health
CVS
$122B
$47K ﹤0.01%
870
– –
CSCO icon
102
Cisco
CSCO
$479B
$46K ﹤0.01%
845
– –
DHR icon
103
Danaher
DHR
$144B
$43K ﹤0.01%
369
-313
-46% -$32.1K
PRU icon
104
Prudential Financial
PRU
$41.8B
$42K ﹤0.01%
460
– –
HEI icon
105
HEICO Corp
HEI
$51.4B
$41K ﹤0.01%
434
– –
V icon
106
Visa
V
$677B
$41K ﹤0.01%
260
– –
KSU
107
DELISTED
Kansas City Southern
KSU
$40K ﹤0.01%
341
– –
NBL
108
DELISTED
Noble Energy, Inc.
NBL
$40K ﹤0.01%
1,600
– –
ZTS icon
109
Zoetis
ZTS
$30B
$38K ﹤0.01%
380
– –
GWRE icon
110
Guidewire Software
GWRE
$14.2B
$36K ﹤0.01%
374
-22
-6% -$1.97K
HCSG icon
111
Healthcare Services Group
HCSG
$1.53B
$36K ﹤0.01%
1,095
-42
-4% -$1.61K
ROL icon
112
Rollins
ROL
$18.2B
$34K ﹤0.01%
1,224
– –
DE icon
113
Deere & Co
DE
$168B
$32K ﹤0.01%
200
– –
ENS icon
114
EnerSys
ENS
$6.99B
$31K ﹤0.01%
481
-22
-4% -$1.66K
BWA icon
115
BorgWarner
BWA
$13.9B
$30K ﹤0.01%
900
+196
+28% +$6.78K
JPM icon
116
JPMorgan Chase
JPM
$950B
$30K ﹤0.01%
295
– –
WDAY icon
117
Workday
WDAY
$44.4B
$27K ﹤0.01%
140
– –
ADBE icon
118
Adobe
ADBE
$105B
$24K ﹤0.01%
90
– –
HP icon
119
Helmerich & Payne
HP
$3.71B
$23K ﹤0.01%
407
– –
MTD icon
120
Mettler-Toledo International
MTD
$28.6B
$22K ﹤0.01%
30
– –
RHT
121
DELISTED
Red Hat Inc
RHT
$22K ﹤0.01%
120
– –
CRM icon
122
Salesforce
CRM
$158B
$21K ﹤0.01%
130
– –
IDXX icon
123
Idexx Laboratories
IDXX
$46.2B
$16K ﹤0.01%
70
– –
TMO icon
124
Thermo Fisher Scientific
TMO
$220B
$16K ﹤0.01%
60
– –
ANSS
125
DELISTED
Ansys
ANSS
$14K ﹤0.01%
78
– –
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 Q1 2019 Portfolio in Review

As of Q1 2019, Harding Loevner held 143 positions worth $21.3B, up 23% from $17.3B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Harding Loevner deployed $1.22B of net new capital in Q1 2019, opening 4 new positions and adding to 59 existing holdings. Its largest new stake was Diageo: 1,063,948 shares worth $174M.

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

On the sell side, the largest reduction was Tenaris, an estimated $263M trimmed.

  • Harding Loevner's largest Q1 2019 buy was Diageo: 1,063,948 shares worth $174M.
  • Harding Loevner added most to China Mobile Limited in Q1 2019, an estimated $520M increase.
  • Harding Loevner's biggest Q1 2019 reduction was Tenaris, cutting an estimated $263M.
  • Harding Loevner fully exited iShares MSCI ACWI ex US ETF in Q1 2019, selling an estimated $40.7M.
  • Harding Loevner's ten largest holdings make up 38% of its $21.3B portfolio in Q1 2019.
  • Harding Loevner opened 4 new positions and closed 11 in Q1 2019.
  • Harding Loevner's portfolio value rose 23% quarter-over-quarter to $21.3B.

Based on Harding Loevner's 13F filing for Q1 2019, filed 15 May 2019.