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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
+2.83%
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
+$1.39B
(+7.8%)
Cap. Flow
+$1.14B
Cap. Flow
% of AUM
5.94%
Top 10 Holdings %
Top 10 Hldgs %
40.55%
Holding
140
New
3
Increased
58
Reduced
20
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ambev
ABEV
|
+$297M |
| 2 |
Alibaba
BABA
|
+$178M |
| 3 |
Weibo
WB
|
+$120M |
| 4 |
NBIS
Nebius Group N.V.
NBIS
|
+$107M |
| 5 |
SAP
SAP
|
+$91.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Banco Santander Chile
BSAC
|
+$94M |
| 2 |
SIVB
SVB Financial Group
SIVB
|
+$93.4M |
| 3 |
CBD
Companhia Brasileira de Distribuicao
CBD
|
+$58.4M |
| 4 |
NetEase
NTES
|
+$42.7M |
| 5 |
Credicorp
BAP
|
+$29.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.79% |
| 2 | Financials | 21.69% |
| 3 | Communication Services | 13.37% |
| 4 | Energy | 10.71% |
| 5 | Consumer Discretionary | 10.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Guidewire Software
GWRE
$13.5B
| $15K | ﹤0.01% |
152
| – | – |
|
127
Thermo Fisher Scientific
TMO
$227B
| $15K | ﹤0.01% |
60
| – | – |
|
128
Emerson Electric
EMR
$85.2B
| $14K | ﹤0.01% |
185
| – | – |
|
|
KSU
129
DELISTED
Kansas City Southern
KSU
| $13K | ﹤0.01% |
116
| – | – |
|
130
Helmerich & Payne
HP
$4.43B
| $12K | ﹤0.01% |
180
| – | – |
|
131
T. Rowe Price
TROW
$23.4B
| $12K | ﹤0.01% |
109
| – | – |
|
132
Texas Instruments
TXN
$236B
| $12K | ﹤0.01% |
110
| – | – |
|
133
BorgWarner
BWA
$13.8B
| $10K | ﹤0.01% |
267
| – | – |
|
134
Transocean
RIG
$6.53B
| $3K | ﹤0.01% |
218
| – | – |
|
135
Costco
COST
$406B
| – | – |
-355
| Closed | -$74K |
|
136
Estee Lauder
EL
$37.6B
| – | – |
-468
| Closed | -$67K |
|
|
137
NetEase
NTES
$76.4B
| – | – |
-844,275
| Closed | -$42.7M |
|
138
TJX Companies
TJX
$145B
| – | – |
-1,542
| Closed | -$73K |
|
139
Wabtec
WAB
$47.8B
| – | – |
-180
| Closed | -$18K |
|
|
SHPG
140
DELISTED
Shire pic
SHPG
| – | – |
-159
| Closed | -$27K |
|
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Harding Loevner's Q3 2018 Portfolio in Review
As of Q3 2018, Harding Loevner held 140 positions worth $19.2B, up 7.8% from $17.8B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Harding Loevner deployed $1.14B of net new capital in Q3 2018, opening 3 new positions and adding to 58 existing holdings. Its largest new stake was iShares MSCI EAFE Growth ETF: 1,226 shares worth $98K.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 19% a quarter earlier, followed by Financials and Communication Services.
On the sell side, the largest reduction was Banco Santander Chile, an estimated $94M trimmed.
- Harding Loevner's largest Q3 2018 buy was iShares MSCI EAFE Growth ETF: 1,226 shares worth $98K.
- Harding Loevner added most to Ambev in Q3 2018, an estimated $297M increase.
- Harding Loevner's biggest Q3 2018 reduction was Banco Santander Chile, cutting an estimated $94M.
- Harding Loevner fully exited NetEase in Q3 2018, selling an estimated $42.7M.
- Harding Loevner's ten largest holdings make up 41% of its $19.2B portfolio in Q3 2018.
- Harding Loevner opened 3 new positions and closed 6 in Q3 2018.
- Harding Loevner's portfolio value rose 7.8% quarter-over-quarter to $19.2B.
Based on Harding Loevner's 13F filing for Q3 2018, filed 14 Nov 2018.