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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
+8.38%
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
$12.3B
AUM Growth
-$54.7M
(-0.44%)
Cap. Flow
-$746M
Cap. Flow
% of AUM
-6.04%
Top 10 Holdings %
Top 10 Hldgs %
34.87%
Holding
133
New
31
Increased
21
Reduced
50
Closed
22
Avg Time Held
5.3
quarters
Top 10 Avg Time Held
4.5
quarters
Top 20 Avg Time Held
4.8
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$335M |
| 2 |
Itaú Unibanco
ITUB
|
+$185M |
| 3 |
GRFS
Grifois
GRFS
|
+$110M |
| 4 |
CBD
Companhia Brasileira de Distribuicao
CBD
|
+$52.4M |
| 5 |
Televisa
TV
|
+$48.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$340M |
| 2 |
eBay
EBAY
|
+$135M |
| 3 |
Imperial Oil
IMO
|
+$88.9M |
| 4 |
Nike
NKE
|
+$61.9M |
| 5 |
NVO
Novo Nordisk
NVO
|
+$59.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.45% |
| 2 | Technology | 16.35% |
| 3 | Communication Services | 16.32% |
| 4 | Consumer Discretionary | 10.23% |
| 5 | Energy | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
126
VF Corp
VFC
$5.9B
| – | – |
-5,098
| Closed | -$327K | – |
|
127
Vodafone
VOD
$36B
| – | – |
-39
| Closed | -$1K | – |
|
128
Workday
WDAY
$45B
| $0 | ﹤0.01% |
+1
| New | +$80 |
2015 Q4
0 quarters
|
|
|
RDS.A
129
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| – | – |
-20
| Closed | -$1K | – |
|
|
AMTD
130
DELISTED
TD Ameritrade Holding Corp
AMTD
| $0 | ﹤0.01% |
+6
| New | +$208 |
2015 Q4
0 quarters
|
|
|
ESRX
131
DELISTED
Express Scripts Holding Company
ESRX
| $0 | ﹤0.01% |
+2
| New | +$171 |
2015 Q4
0 quarters
|
|
|
PX
132
DELISTED
Praxair Inc
PX
| $0 | ﹤0.01% |
+1
| New | +$109 |
2015 Q4
0 quarters
|
|
|
PCP
133
DELISTED
PRECISION CASTPARTS CORP
PCP
| – | – |
-1,480
| Closed | -$340K | – |
|
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Harding Loevner's Q4 2015 Portfolio in Review
As of Q4 2015, Harding Loevner held 133 positions worth $12.3B, down 0.44% from $12.4B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Harding Loevner withdrew a net $746M in Q4 2015, closing 22 positions and reducing 50 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $340M position sold in full.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 21% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Harding Loevner opened a new position in Alphabet (Google) Class A worth $353M.
- Harding Loevner's largest Q4 2015 buy was Alphabet (Google) Class A: 9,064,780 shares worth $353M.
- Harding Loevner added most to Itaú Unibanco in Q4 2015, an estimated $185M increase.
- Harding Loevner's biggest Q4 2015 reduction was Imperial Oil, cutting an estimated $88.9M.
- Harding Loevner fully exited Alphabet (Google) Class C in Q4 2015, selling an estimated $340M.
- Harding Loevner's ten largest holdings make up 35% of its $12.3B portfolio in Q4 2015.
- Harding Loevner opened 31 new positions and closed 22 in Q4 2015.
- Harding Loevner's portfolio value fell 0.44% quarter-over-quarter to $12.3B.
Based on Harding Loevner's 13F filing for Q4 2015, filed 26 Jan 2016.