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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 | |
|---|---|---|---|---|---|---|---|
126
Rollins
ROL
$15.4B
| $20K | ﹤0.01% |
900
-563
| -38% | -$12.4K |
2017 Q2
3 quarters
|
|
127
Adobe
ADBE
$94.3B
| $19K | ﹤0.01% |
90
| – | – |
2017 Q2
3 quarters
|
|
128
Workday
WDAY
$45B
| $18K | ﹤0.01% |
140
| – | – |
2017 Q2
3 quarters
|
|
|
RHT
129
DELISTED
Red Hat Inc
RHT
| $18K | ﹤0.01% |
120
| – | – |
2017 Q2
3 quarters
|
|
130
EPAM Systems
EPAM
$5.84B
| $17K | ﹤0.01% |
150
| – | – |
2017 Q2
3 quarters
|
|
131
Mettler-Toledo International
MTD
$31.1B
| $17K | ﹤0.01% |
30
| – | – |
2017 Q2
3 quarters
|
|
132
Salesforce
CRM
$189B
| $15K | ﹤0.01% |
130
| – | – |
2017 Q2
3 quarters
|
|
133
HEICO Corp
HEI
$41.7B
| $15K | ﹤0.01% |
+213
| New | +$13.9K |
2018 Q1
0 quarters
|
|
134
Wabtec
WAB
$48.2B
| $15K | ﹤0.01% |
+180
| New | +$14.5K |
2018 Q1
0 quarters
|
|
135
EnerSys
ENS
$6.48B
| $14K | ﹤0.01% |
+200
| New | +$14.2K |
2018 Q1
0 quarters
|
|
136
Illumina
ILMN
$42B
| $14K | ﹤0.01% |
62
| – | – |
2017 Q4
1 quarter
|
|
137
NVIDIA
NVDA
$5.54T
| $14K | ﹤0.01% |
2,400
| – | – |
2017 Q4
1 quarter
|
|
138
Danaher
DHR
$155B
| $13K | ﹤0.01% |
+152
| New | +$13.3K |
2018 Q1
0 quarters
|
|
139
Emerson Electric
EMR
$90.3B
| $13K | ﹤0.01% |
+185
| New | +$13.2K |
2018 Q1
0 quarters
|
|
140
Idexx Laboratories
IDXX
$40.8B
| $13K | ﹤0.01% |
70
| – | – |
2017 Q2
3 quarters
|
|
141
BorgWarner
BWA
$12.5B
| $12K | ﹤0.01% |
+267
| New | +$12.4K |
2018 Q1
0 quarters
|
|
142
Helmerich & Payne
HP
$3.99B
| $12K | ﹤0.01% |
180
| – | – |
2017 Q2
3 quarters
|
|
143
Thermo Fisher Scientific
TMO
$243B
| $12K | ﹤0.01% |
60
| – | – |
2017 Q2
3 quarters
|
|
144
AerCap
AER
$22.7B
| $11K | ﹤0.01% |
+220
| New | +$11.4K |
2018 Q1
0 quarters
|
|
145
Logitech
LOGI
$14.1B
| $11K | ﹤0.01% |
+304
| New | +$11.8K |
2018 Q1
0 quarters
|
|
146
Healthcare Services Group
HCSG
$1.41B
| $10K | ﹤0.01% |
220
| – | – |
2017 Q3
2 quarters
|
|
|
CELG
147
DELISTED
Celgene Corp
CELG
| $7K | ﹤0.01% |
+76
| New | +$7.3K |
2018 Q1
0 quarters
|
|
148
Transocean
RIG
$6.15B
| $2K | ﹤0.01% |
218
| – | – |
2017 Q2
3 quarters
|
|
149
Cenovus Energy
CVE
$57.9B
| $0 | ﹤0.01% |
+4
| New | +$35 |
2018 Q1
0 quarters
|
|
150
Estee Lauder
EL
$35.5B
| – | – |
-500
| Closed | -$64K | – |
|
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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.