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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
CSCO icon
101
Cisco
CSCO
$431B
$44K ﹤0.01%
907
– –
ENS icon
102
EnerSys
ENS
$6.56B
$43K ﹤0.01%
689
+41
+6% +$3.06K
ALTR
103
DELISTED
Altair Engineering Inc
ALTR
$43K ﹤0.01%
863
+47
+6% +$2.96K
ABT icon
104
Abbott
ABT
$187B
$42K ﹤0.01%
390
– –
HP icon
105
Helmerich & Payne
HP
$4.43B
$42K ﹤0.01%
946
+719
+317% +$24.8K
SBUX icon
106
Starbucks
SBUX
$119B
$42K ﹤0.01%
578
– –
ZTS icon
107
Zoetis
ZTS
$31.3B
$42K ﹤0.01%
261
– –
POOL icon
108
Pool Corp
POOL
$6.73B
$41K ﹤0.01%
+103
New +$48.1K
ROL icon
109
Rollins
ROL
$17.3B
$38K ﹤0.01%
1,132
– –
LKFN icon
110
Lakeland Financial Corp
LKFN
$1.51B
$31K ﹤0.01%
422
+38
+10% +$3.04K
MGPI icon
111
MGP Ingredients
MGPI
$351M
$30K ﹤0.01%
326
– –
REYN icon
112
Reynolds Consumer Products
REYN
$4.61B
$30K ﹤0.01%
1,037
+87
+9% +$2.6K
ABMD
113
DELISTED
Abiomed Inc
ABMD
$28K ﹤0.01%
118
– –
RGEN icon
114
Repligen
RGEN
$9.46B
$26K ﹤0.01%
177
+97
+121% +$18.4K
SYBT icon
115
Stock Yards Bancorp
SYBT
$2.47B
$26K ﹤0.01%
482
– –
EXPO icon
116
Exponent
EXPO
$3.25B
$25K ﹤0.01%
284
-155
-35% -$14.9K
SLP icon
117
Simulations Plus
SLP
$373M
$25K ﹤0.01%
605
– –
WDAY icon
118
Workday
WDAY
$47.2B
$25K ﹤0.01%
140
-497
-78% -$118K
IDXX icon
119
Idexx Laboratories
IDXX
$42.2B
$24K ﹤0.01%
70
– –
PANW icon
120
Palo Alto Networks
PANW
$272B
$24K ﹤0.01%
312
– –
GWRE icon
121
Guidewire Software
GWRE
$13.5B
$23K ﹤0.01%
308
– –
NOW icon
122
ServiceNow
NOW
$146B
$23K ﹤0.01%
270
– –
CGNX icon
123
Cognex
CGNX
$10.5B
$22K ﹤0.01%
449
– –
MCD icon
124
McDonald's
MCD
$181B
$21K ﹤0.01%
85
– –
PG icon
125
Procter & Gamble
PG
$340B
$21K ﹤0.01%
137
– –
3 4
5
6 7

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FMI
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VAS
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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.