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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
-3.58%
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
$21.2B
AUM Growth
-$564M
Cap. Flow
+$367M
Cap. Flow %
1.73%
Top 10 Hldgs %
37.26%
Holding
143
New
8
Increased
46
Reduced
42
Closed
9

Top Buys

Rank Stock Value
1
VRTX icon
Vertex Pharmaceuticals
VRTX
+$280M
2
TCOM icon
Trip.com Group
TCOM
+$188M
3
BIDU icon
Baidu
BIDU
+$103M
4
ABEV icon
Ambev
ABEV
+$59M
5
SIVB
SVB Financial Group
SIVB
+$42.8M

Top Sells

Rank Stock Value
1
GRFS
Grifois
GRFS
+$179M
2
ROP icon
Roper Technologies
ROP
+$102M
3
VRSK icon
Verisk Analytics
VRSK
+$79.2M
4
TSM icon
TSMC
TSM
+$31.6M
5
SAP icon
SAP
SAP
+$9.28M

Sector Composition

Rank Sector Weight
1 Technology 22.8%
2 Financials 21.83%
3 Communication Services 13.37%
4 Consumer Discretionary 11.53%
5 Consumer Staples 8.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KSU
101
DELISTED
Kansas City Southern
KSU
$45K ﹤0.01%
341
– –
CSCO icon
102
Cisco
CSCO
$431B
$42K ﹤0.01%
845
– –
PRU icon
103
Prudential Financial
PRU
$42.1B
$41K ﹤0.01%
460
– –
SAN icon
104
Banco Santander
SAN
$217B
$41K ﹤0.01%
+10,553
New +$41.9K
GWRE icon
105
Guidewire Software
GWRE
$13.5B
$39K ﹤0.01%
374
– –
ENS icon
106
EnerSys
ENS
$6.56B
$37K ﹤0.01%
560
– –
NBL
107
DELISTED
Noble Energy, Inc.
NBL
$36K ﹤0.01%
1,600
– –
HEI icon
108
HEICO Corp
HEI
$45.5B
$35K ﹤0.01%
279
-69
-20% -$9.43K
DE icon
109
Deere & Co
DE
$187B
$34K ﹤0.01%
200
– –
EFG icon
110
iShares MSCI EAFE Growth ETF
EFG
$17B
$34K ﹤0.01%
424
-31,657
-99% -$2.53M
ALTR
111
DELISTED
Altair Engineering Inc
ALTR
$33K ﹤0.01%
+942
New +$35.1K
HCSG icon
112
Healthcare Services Group
HCSG
$1.5B
$32K ﹤0.01%
1,304
+108
+9% +$2.73K
BWA icon
113
BorgWarner
BWA
$13.8B
$29K ﹤0.01%
900
– –
ROL icon
114
Rollins
ROL
$17.3B
$28K ﹤0.01%
1,224
– –
PRLB icon
115
Protolabs
PRLB
$1.95B
$27K ﹤0.01%
+266
New +$27.1K
ADBE icon
116
Adobe
ADBE
$106B
$25K ﹤0.01%
90
– –
WDAY icon
117
Workday
WDAY
$47.2B
$24K ﹤0.01%
140
– –
HP icon
118
Helmerich & Payne
HP
$4.43B
$22K ﹤0.01%
554
– –
CRM icon
119
Salesforce
CRM
$213B
$19K ﹤0.01%
130
– –
IDXX icon
120
Idexx Laboratories
IDXX
$42.2B
$19K ﹤0.01%
70
– –
RGEN icon
121
Repligen
RGEN
$9.46B
$19K ﹤0.01%
+253
New +$22.1K
ANSS
122
DELISTED
Ansys
ANSS
$17K ﹤0.01%
78
– –
TMO icon
123
Thermo Fisher Scientific
TMO
$227B
$17K ﹤0.01%
60
– –
IQV icon
124
IQVIA
IQV
$44.1B
$15K ﹤0.01%
100
– –
NOW icon
125
ServiceNow
NOW
$146B
$14K ﹤0.01%
+270
New +$14.7K
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 Q3 2019 Portfolio in Review

As of Q3 2019, Harding Loevner held 143 positions worth $21.2B, down 2.6% from $21.8B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

Harding Loevner's Q3 2019 filing shows 8 new, 46 increased, 42 reduced and 9 closed positions. Its largest new stake was iShares MSCI ACWI ETF: 21,824 shares worth $1.61M. The largest sale was Grifois, an estimated $179M.

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

  • Harding Loevner's largest Q3 2019 buy was iShares MSCI ACWI ETF: 21,824 shares worth $1.61M.
  • Harding Loevner added most to Vertex Pharmaceuticals in Q3 2019, an estimated $280M increase.
  • Harding Loevner's biggest Q3 2019 reduction was Grifois, cutting an estimated $179M.
  • Harding Loevner fully exited Banco Macro in Q3 2019, selling an estimated $8.73M.
  • Harding Loevner's ten largest holdings make up 37% of its $21.2B portfolio in Q3 2019.
  • Harding Loevner opened 8 new positions and closed 9 in Q3 2019.
  • Harding Loevner's portfolio value fell 2.6% quarter-over-quarter to $21.2B.

Based on Harding Loevner's 13F filing for Q3 2019, filed 14 Nov 2019.