We are live on ! Find out more
HL

Harding Loevner Portfolio holdings

AUM $9.72B
1-Year Est. Return 22.38%
This Fund
S&P 500
This Quarter Est. Return
+16.71%
1 Year Est. Return
+22.38%
3 Year Est. Return
+79.36%
5 Year Est. Return
+98.01%
10 Year Est. Return
+375.62%
AUM
$21.3B
AUM Growth
+$4B
Cap. Flow
+$1.22B
Cap. Flow %
5.74%
Top 10 Hldgs %
37.61%
Holding
143
New
4
Increased
59
Reduced
27
Closed
11

Top Buys

Rank Stock Value
1
CHL
China Mobile Limited
CHL
+$520M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$426M
3
ABEV icon
Ambev
ABEV
+$207M
4
DEO icon
Diageo
DEO
+$162M
5
ILMN icon
Illumina
ILMN
+$144M

Top Sells

Rank Stock Value
1
TS icon
Tenaris
TS
+$263M
2
ITUB icon
Itaú Unibanco
ITUB
+$151M
3
RDS.B
Royal Dutch Shell PLC ADS Class B
RDS.B
+$143M
4
COR icon
Cencora
COR
+$140M
5
NVDA icon
NVIDIA
NVDA
+$129M

Sector Composition

Rank Sector Weight
1 Technology 23.38%
2 Financials 19.84%
3 Consumer Discretionary 11.75%
4 Communication Services 10.6%
5 Industrials 7.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IQV icon
126
IQVIA
IQV
$39.3B
$14K ﹤0.01%
100
– –
EMR icon
127
Emerson Electric
EMR
$88.3B
$13K ﹤0.01%
185
– –
TXN icon
128
Texas Instruments
TXN
$261B
$12K ﹤0.01%
110
– –
COR icon
129
Cencora
COR
$61.2B
$10K ﹤0.01%
130
-1,742,804
-100% -$140M
EXPO icon
130
Exponent
EXPO
$3.24B
$10K ﹤0.01%
175
– –
CHD icon
131
Church & Dwight Co
CHD
$24.5B
$7K ﹤0.01%
94
-43
-31% -$2.83K
RIG icon
132
Transocean
RIG
$5.82B
$2K ﹤0.01%
218
– –
ACWX icon
133
iShares MSCI ACWI ex US ETF
ACWX
$11.8B
– –
-970,936
Closed -$40.7M
EFA icon
134
iShares MSCI EAFE ETF
EFA
$80.2B
– –
-26,917
Closed -$1.58M
EFG icon
135
iShares MSCI EAFE Growth ETF
EFG
$17.3B
– –
-10,864
Closed -$750K
FISV
136
Fiserv Inc
FISV
$27.9B
– –
-900
Closed -$66K
FMS icon
137
Fresenius Medical Care
FMS
$12.9B
– –
-201,548
Closed -$6.53M
NOW icon
138
ServiceNow
NOW
$129B
– –
-390
Closed -$14K
NVS icon
139
Novartis
NVS
$297B
– –
-1,953
Closed -$150K
SCZ icon
140
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.7B
– –
-169,417
Closed -$8.78M
TAL icon
141
TAL Education Group
TAL
$6.87B
– –
-3,598
Closed -$96K
TSCO icon
142
Tractor Supply
TSCO
$18B
– –
-3,645
Closed -$61K
VEA icon
143
Vanguard FTSE Developed Markets ETF
VEA
$236B
– –
-3,037
Closed -$113K
2 3 4 5
6

Similar funds

DCP
Durable Capital Partners Bethesda, Maryland $9.71B AUM 26.27% 1-Year Est. Return
FCM
Frontier Capital Management Boston, Massachusetts $9.73B AUM 55.65% 1-Year Est. Return
CCM
Cullen Capital Management New York $9.75B AUM 21.81% 1-Year Est. Return
URS
Utah Retirement Systems Salt Lake City, Utah $9.78B AUM 28.72% 1-Year Est. Return
MPI
Mairs & Power Inc St Paul, Minnesota $9.79B AUM 20.6% 1-Year Est. Return
TIM
Thornburg Investment Management Santa Fe, New Mexico $9.63B AUM 35.65% 1-Year Est. Return
SC
Sculptor Capital New York $9.61B AUM 27.5% 1-Year Est. Return
TCA
Tortoise Capital Advisors Overland Park, Kansas $9.6B AUM 19.53% 1-Year Est. Return

Harding Loevner's Q1 2019 Portfolio in Review

As of Q1 2019, Harding Loevner held 143 positions worth $21.3B, up 23% from $17.3B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Harding Loevner deployed $1.22B of net new capital in Q1 2019, opening 4 new positions and adding to 59 existing holdings. Its largest new stake was Diageo: 1,063,948 shares worth $174M.

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

On the sell side, the largest reduction was Tenaris, an estimated $263M trimmed.

  • Harding Loevner's largest Q1 2019 buy was Diageo: 1,063,948 shares worth $174M.
  • Harding Loevner added most to China Mobile Limited in Q1 2019, an estimated $520M increase.
  • Harding Loevner's biggest Q1 2019 reduction was Tenaris, cutting an estimated $263M.
  • Harding Loevner fully exited iShares MSCI ACWI ex US ETF in Q1 2019, selling an estimated $40.7M.
  • Harding Loevner's ten largest holdings make up 38% of its $21.3B portfolio in Q1 2019.
  • Harding Loevner opened 4 new positions and closed 11 in Q1 2019.
  • Harding Loevner's portfolio value rose 23% quarter-over-quarter to $21.3B.

Based on Harding Loevner's 13F filing for Q1 2019, filed 15 May 2019.