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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
+11.11%
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
$26.6B
AUM Growth
+$1.03B
Cap. Flow
-$1.44B
Cap. Flow %
-5.42%
Top 10 Hldgs %
34.98%
Holding
162
New
8
Increased
46
Reduced
51
Closed
5

Top Buys

Rank Stock Value
1
TTD icon
Trade Desk
TTD
+$191M
2
PINS icon
Pinterest
PINS
+$139M
3
TLK icon
Telkom Indonesia
TLK
+$112M
4
DHR icon
Danaher
DHR
+$74.7M
5
TMO icon
Thermo Fisher Scientific
TMO
+$39.3M

Top Sells

Rank Stock Value
1
PYPL icon
PayPal
PYPL
+$296M
2
EDU icon
New Oriental
EDU
+$222M
3
CME icon
CME Group
CME
+$208M
4
TCOM icon
Trip.com Group
TCOM
+$186M
5
BIDU icon
Baidu
BIDU
+$177M

Sector Composition

Rank Sector Weight
1 Technology 24.86%
2 Financials 21.5%
3 Healthcare 11.69%
4 Consumer Discretionary 10.47%
5 Communication Services 10.46%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TXN icon
126
Texas Instruments
TXN
$236B
$22K ﹤0.01%
115
– –
VT icon
127
Vanguard Total World Stock ETF
VT
$82.5B
$22K ﹤0.01%
210
-87
-29% -$8.87K
EXPO icon
128
Exponent
EXPO
$3.25B
$21K ﹤0.01%
230
– –
APH icon
129
Amphenol
APH
$204B
$20K ﹤0.01%
1,152
– –
MCD icon
130
McDonald's
MCD
$181B
$20K ﹤0.01%
85
– –
RMD icon
131
ResMed
RMD
$32.9B
$20K ﹤0.01%
81
– –
RSG icon
132
Republic Services
RSG
$68.2B
$20K ﹤0.01%
185
– –
COST icon
133
Costco
COST
$406B
$19K ﹤0.01%
49
– –
LMAT icon
134
LeMaitre Vascular
LMAT
$1.84B
$19K ﹤0.01%
317
– –
MNST icon
135
Monster Beverage
MNST
$85.8B
$19K ﹤0.01%
+816
New +$19.1K
PANW icon
136
Palo Alto Networks
PANW
$272B
$19K ﹤0.01%
312
– –
SYK icon
137
Stryker
SYK
$116B
$19K ﹤0.01%
73
– –
CHD icon
138
Church & Dwight Co
CHD
$23.4B
$18K ﹤0.01%
214
-573
-73% -$49.6K
CSGP icon
139
CoStar Group
CSGP
$12.5B
$18K ﹤0.01%
+220
New +$19K
V icon
140
Visa
V
$700B
$18K ﹤0.01%
76
– –
ECL icon
141
Ecolab
ECL
$78.3B
$17K ﹤0.01%
84
– –
PEN icon
142
Penumbra
PEN
$12.7B
$17K ﹤0.01%
62
– –
RGEN icon
143
Repligen
RGEN
$9.46B
$16K ﹤0.01%
80
– –
BIDU icon
144
Baidu
BIDU
$33.7B
$13K ﹤0.01%
63
-886,561
-100% -$177M
FIVE icon
145
Five Below
FIVE
$13.9B
$13K ﹤0.01%
69
+25
+57% +$4.77K
MMM icon
146
3M
MMM
$86.9B
$13K ﹤0.01%
77
– –
WAT icon
147
Waters Corp
WAT
$40.2B
$10K ﹤0.01%
28
– –
HP icon
148
Helmerich & Payne
HP
$4.43B
$7K ﹤0.01%
227
– –
CABO icon
149
Cable One
CABO
$145M
$6K ﹤0.01%
3
– –
REGN icon
150
Regeneron Pharmaceuticals
REGN
$85.2B
$6K ﹤0.01%
11
– –
3 4 5
6
7

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FMI
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VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $10.6B AUM 25.02% 1-Year Est. Return
DPIM
Duff & Phelps Investment Management Chicago, Illinois $10.6B AUM 18.62% 1-Year Est. Return
CA
Clearstead Advisors Cleveland, Ohio $10.6B AUM 24.87% 1-Year Est. Return
SCM
SCS Capital Management Boston, Massachusetts $10.6B AUM 19.73% 1-Year Est. Return
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 2021 Portfolio in Review

As of Q2 2021, Harding Loevner held 162 positions worth $26.6B, up 4% from $25.6B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Harding Loevner withdrew a net $1.44B in Q2 2021, closing 5 positions and reducing 51 holdings. Its most notable exit was Autohome, an estimated $69.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 24% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Harding Loevner opened a new position in Pinterest worth $157M.

  • Harding Loevner's largest Q2 2021 buy was Pinterest: 1,990,327 shares worth $157M.
  • Harding Loevner added most to Trade Desk in Q2 2021, an estimated $191M increase.
  • Harding Loevner's biggest Q2 2021 reduction was PayPal, cutting an estimated $296M.
  • Harding Loevner fully exited Autohome in Q2 2021, selling an estimated $69.9M.
  • Harding Loevner's ten largest holdings make up 35% of its $26.6B portfolio in Q2 2021.
  • Harding Loevner opened 8 new positions and closed 5 in Q2 2021.
  • Harding Loevner's portfolio value rose 4% quarter-over-quarter to $26.6B.

Based on Harding Loevner's 13F filing for Q2 2021, filed 16 Aug 2021.