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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
+12.74%
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
$22.5B
AUM Growth
+$1.28B
(+6%)
Cap. Flow
-$1.15B
Cap. Flow
% of AUM
-5.12%
Top 10 Holdings %
Top 10 Hldgs %
39.55%
Holding
141
New
7
Increased
23
Reduced
64
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Baidu
BIDU
|
+$165M |
| 2 |
Salesforce
CRM
|
+$150M |
| 3 |
Workday
WDAY
|
+$147M |
| 4 |
HSBC
HSBC
|
+$97.9M |
| 5 |
Colgate-Palmolive
CL
|
+$72.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$242M |
| 2 |
GRFS
Grifois
GRFS
|
+$196M |
| 3 |
IPG Photonics
IPGP
|
+$136M |
| 4 |
Check Point Software Technologies
CHKP
|
+$132M |
| 5 |
PayPal
PYPL
|
+$78.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.47% |
| 2 | Financials | 22.05% |
| 3 | Communication Services | 14.45% |
| 4 | Consumer Discretionary | 10.66% |
| 5 | Consumer Staples | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
IQVIA
IQV
$44.1B
| $15K | ﹤0.01% |
100
| – | – |
|
127
Mettler-Toledo International
MTD
$27B
| $15K | ﹤0.01% |
19
| – | – |
|
128
ServiceNow
NOW
$146B
| $15K | ﹤0.01% |
270
| – | – |
|
129
Emerson Electric
EMR
$85.2B
| $14K | ﹤0.01% |
185
| – | – |
|
|
TIF
130
DELISTED
Tiffany & Co.
TIF
| $14K | ﹤0.01% |
106
-502
| -83% | -$59.3K |
|
131
Exponent
EXPO
$3.25B
| $12K | ﹤0.01% |
175
| – | – |
|
132
Gartner
IT
$11.8B
| $10K | ﹤0.01% |
63
| – | – |
|
133
Vanguard Total World Stock ETF
VT
$81.5B
| $10K | ﹤0.01% |
+123
| New | +$9.57K |
|
134
LeMaitre Vascular
LMAT
$1.84B
| $9K | ﹤0.01% |
+251
| New | +$8.66K |
|
135
Cable One
CABO
$145M
| $7K | ﹤0.01% |
5
| – | – |
|
|
KSU
136
DELISTED
Kansas City Southern
KSU
| $6K | ﹤0.01% |
39
-302
| -89% | -$44.3K |
|
137
Elanco Animal Health
ELAN
$12.2B
| $5K | ﹤0.01% |
169
| – | – |
|
138
WPP
WPP
$5.46B
| $5K | ﹤0.01% |
71
| – | – |
|
139
Transocean
RIG
$6.53B
| $1K | ﹤0.01% |
218
| – | – |
|
|
WBC
140
DELISTED
WABCO HOLDINGS INC.
WBC
| $1K | ﹤0.01% |
6
| – | – |
|
|
141
Amazon
AMZN
$2.79T
| – | – |
-2,791,480
| Closed | -$242M |
|
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Harding Loevner's Q4 2019 Portfolio in Review
As of Q4 2019, Harding Loevner held 141 positions worth $22.5B, up 6% from $21.2B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Harding Loevner withdrew a net $1.15B in Q4 2019, closing 1 position and reducing 64 holdings. Its most notable exit was Amazon, an estimated $242M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 23% a quarter earlier, followed by Financials and Communication Services.
Against the trend, Harding Loevner opened a new position in iShares MSCI EAFE ETF worth $19.3M.
- Harding Loevner's largest Q4 2019 buy was iShares MSCI EAFE ETF: 278,464 shares worth $19.3M.
- Harding Loevner added most to Baidu in Q4 2019, an estimated $165M increase.
- Harding Loevner's biggest Q4 2019 reduction was Grifois, cutting an estimated $196M.
- Harding Loevner fully exited Amazon in Q4 2019, selling an estimated $242M.
- Harding Loevner's ten largest holdings make up 40% of its $22.5B portfolio in Q4 2019.
- Harding Loevner opened 7 new positions and closed 1 in Q4 2019.
- Harding Loevner's portfolio value rose 6% quarter-over-quarter to $22.5B.
Based on Harding Loevner's 13F filing for Q4 2019, filed 14 Feb 2020.