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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
+24.8%
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
$20.9B
AUM Growth
+$2.97B
Cap. Flow
-$975M
Cap. Flow %
-4.67%
Top 10 Hldgs %
41.73%
Holding
157
New
10
Increased
17
Reduced
78
Closed
7

Top Buys

Rank Stock Value
1
ITUB icon
Itaú Unibanco
ITUB
+$469M
2
BABA icon
Alibaba
BABA
+$329M
3
AMZN icon
Amazon
AMZN
+$235M
4
TMO icon
Thermo Fisher Scientific
TMO
+$200M
5
FMX icon
Fomento Económico Mexicano
FMX
+$125M

Top Sells

Rank Stock Value
1
BIDU icon
Baidu
BIDU
+$796M
2
BKNG icon
Booking.com
BKNG
+$323M
3
CNI icon
Canadian National Railway
CNI
+$243M
4
PYPL icon
PayPal
PYPL
+$212M
5
NVDA icon
NVIDIA
NVDA
+$210M

Sector Composition

Rank Sector Weight
1 Technology 25.58%
2 Financials 20.84%
3 Communication Services 14.08%
4 Consumer Discretionary 11.46%
5 Healthcare 8.43%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ABBV icon
126
AbbVie
ABBV
$453B
$15K ﹤0.01%
152
– –
MTD icon
127
Mettler-Toledo International
MTD
$27B
$15K ﹤0.01%
19
– –
TXN icon
128
Texas Instruments
TXN
$236B
$15K ﹤0.01%
115
– –
ABMD
129
DELISTED
Abiomed Inc
ABMD
$15K ﹤0.01%
+63
New +$12.7K
APH icon
130
Amphenol
APH
$204B
$14K ﹤0.01%
1,152
– –
EXPO icon
131
Exponent
EXPO
$3.25B
$14K ﹤0.01%
175
– –
IQV icon
132
IQVIA
IQV
$44.1B
$14K ﹤0.01%
100
– –
NBL
133
DELISTED
Noble Energy, Inc.
NBL
$14K ﹤0.01%
1,600
– –
TIF
134
DELISTED
Tiffany & Co.
TIF
$13K ﹤0.01%
106
– –
BKNG icon
135
Booking.com
BKNG
$145B
$11K ﹤0.01%
175
-5,299,875
-100% -$323M
PEN icon
136
Penumbra
PEN
$12.7B
$10K ﹤0.01%
+58
New +$10.1K
VT icon
137
Vanguard Total World Stock ETF
VT
$82.5B
$10K ﹤0.01%
137
-2,358
-95% -$166K
LMAT icon
138
LeMaitre Vascular
LMAT
$1.84B
$8K ﹤0.01%
317
– –
KSU
139
DELISTED
Kansas City Southern
KSU
$6K ﹤0.01%
39
– –
CABO icon
140
Cable One
CABO
$145M
$5K ﹤0.01%
3
– –
ELAN icon
141
Elanco Animal Health
ELAN
$12.2B
$4K ﹤0.01%
169
– –
HP icon
142
Helmerich & Payne
HP
$4.43B
$4K ﹤0.01%
227
– –
HSBC icon
143
HSBC
HSBC
$367B
$4K ﹤0.01%
157
-16,089
-99% -$400K
GRFS
144
Grifois
GRFS
$5.31B
$2K ﹤0.01%
97
-134
-58% -$2.66K
SSL icon
145
Sasol
SSL
$7.87B
$2K ﹤0.01%
278
-2,262,036
-100% -$12.4M
SNN icon
146
Smith & Nephew
SNN
$12.1B
$1K ﹤0.01%
+17
New +$674
SNY icon
147
Sanofi
SNY
$106B
$1K ﹤0.01%
+15
New +$729
EFA icon
148
iShares MSCI EAFE ETF
EFA
$80.1B
– –
-28,735
Closed -$1.54M
EFG icon
149
iShares MSCI EAFE Growth ETF
EFG
$17B
– –
-28,930
Closed -$2.06M
IOO icon
150
iShares Global 100 ETF
IOO
$9.22B
– –
-3,851
Closed -$172K
3 4 5
6
7

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VAS
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DPIM
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CA
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SCM
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FCM
Frontier Capital Management Boston, Massachusetts $10.7B AUM 67.78% 1-Year Est. Return
URS
Utah Retirement Systems Salt Lake City, Utah $10.5B AUM 42.22% 1-Year Est. Return
AAM
Alphadyne Asset Management New York $10.5B AUM 37.62% 1-Year Est. Return

Harding Loevner's Q2 2020 Portfolio in Review

As of Q2 2020, Harding Loevner held 157 positions worth $20.9B, up 17% from $17.9B the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Harding Loevner withdrew a net $975M in Q2 2020, closing 7 positions and reducing 78 holdings. Its most notable exit was iShares MSCI EAFE Growth ETF, an estimated $2.06M position sold in full.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 25% a quarter earlier, followed by Financials and Communication Services.

Against the trend, Harding Loevner opened a new position in Amazon worth $268M.

  • Harding Loevner's largest Q2 2020 buy was Amazon: 1,942,800 shares worth $268M.
  • Harding Loevner added most to Itaú Unibanco in Q2 2020, an estimated $469M increase.
  • Harding Loevner's biggest Q2 2020 reduction was Baidu, cutting an estimated $796M.
  • Harding Loevner fully exited iShares MSCI EAFE Growth ETF in Q2 2020, selling an estimated $2.06M.
  • Harding Loevner's ten largest holdings make up 42% of its $20.9B portfolio in Q2 2020.
  • Harding Loevner opened 10 new positions and closed 7 in Q2 2020.
  • Harding Loevner's portfolio value rose 17% quarter-over-quarter to $20.9B.

Based on Harding Loevner's 13F filing for Q2 2020, filed 14 Aug 2020.