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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
-1.52%
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
$25.1B
AUM Growth
-$1.52B
(-5.7%)
Cap. Flow
-$838M
Cap. Flow
% of AUM
-3.35%
Top 10 Holdings %
Top 10 Hldgs %
33.33%
Holding
164
New
7
Increased
19
Reduced
72
Closed
17
Avg Time Held
15
quarters
Top 10 Avg Time Held
7.5
quarters
Top 20 Avg Time Held
10.7
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Netflix
NFLX
|
+$227M |
| 2 |
CoStar Group
CSGP
|
+$220M |
| 3 |
Applied Materials
AMAT
|
+$217M |
| 4 |
Baidu
BIDU
|
+$202M |
| 5 |
Pinterest
PINS
|
+$118M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EPAM Systems
EPAM
|
+$291M |
| 2 |
Estee Lauder
EL
|
+$249M |
| 3 |
VF Corp
VFC
|
+$188M |
| 4 |
SIVB
SVB Financial Group
SIVB
|
+$144M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$131M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.34% |
| 2 | Financials | 21.24% |
| 3 | Communication Services | 12.68% |
| 4 | Healthcare | 11.87% |
| 5 | Consumer Discretionary | 8.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
126
Protolabs
PRLB
$2.24B
| $21K | ﹤0.01% |
321
-63
| -16% | -$4.92K |
2019 Q3
8 quarters
|
|
127
ResMed
RMD
$32.4B
| $21K | ﹤0.01% |
81
| – | – |
2019 Q1
10 quarters
|
|
128
Cognizant
CTSH
$26.7B
| $20K | ﹤0.01% |
263
-1,235
| -82% | -$91.1K |
2017 Q2
17 quarters
|
|
|
EA
129
DELISTED
Electronic Arts
EA
| $20K | ﹤0.01% |
+143
| New | +$20.1K |
2021 Q3
0 quarters
|
|
130
McDonald's
MCD
$166B
| $20K | ﹤0.01% |
85
| – | – |
2017 Q2
17 quarters
|
|
131
Jack Henry & Associates
JKHY
$10.5B
| $19K | ﹤0.01% |
+115
| New | +$19.8K |
2021 Q3
0 quarters
|
|
132
Procter & Gamble
PG
$351B
| $19K | ﹤0.01% |
137
-395
| -74% | -$56K |
2017 Q2
17 quarters
|
|
133
Stryker
SYK
$106B
| $19K | ﹤0.01% |
73
| – | – |
2021 Q1
2 quarters
|
|
134
Automatic Data Processing
ADP
$107B
| $18K | ﹤0.01% |
92
-326
| -78% | -$67.1K |
2017 Q4
15 quarters
|
|
135
Church & Dwight Co
CHD
$23.3B
| $18K | ﹤0.01% |
214
| – | – |
2020 Q1
6 quarters
|
|
136
Ecolab
ECL
$79B
| $18K | ﹤0.01% |
84
| – | – |
2017 Q2
17 quarters
|
|
137
Emerson Electric
EMR
$90.3B
| $18K | ﹤0.01% |
188
-478
| -72% | -$47.7K |
2018 Q1
14 quarters
|
|
138
Mercado Libre
MELI
$95.8B
| $18K | ﹤0.01% |
+11
| New | +$19.1K |
2021 Q3
0 quarters
|
|
139
Monster Beverage
MNST
$85.5B
| $18K | ﹤0.01% |
816
| – | – |
2021 Q2
1 quarter
|
|
140
Colgate-Palmolive
CL
$70.4B
| $17K | ﹤0.01% |
231
-32
| -12% | -$2.54K |
2013 Q2
33 quarters
|
|
141
LeMaitre Vascular
LMAT
$1.85B
| $17K | ﹤0.01% |
317
| – | – |
2019 Q4
7 quarters
|
|
142
Penumbra
PEN
$12.6B
| $17K | ﹤0.01% |
62
| – | – |
2021 Q1
2 quarters
|
|
143
Visa
V
$724B
| $17K | ﹤0.01% |
76
| – | – |
2020 Q3
4 quarters
|
|
144
Texas Pacific Land
TPL
$24.9B
| $16K | ﹤0.01% |
+117
| New | +$18.2K |
2021 Q3
0 quarters
|
|
145
Five Below
FIVE
$11.8B
| $12K | ﹤0.01% |
69
| – | – |
2020 Q4
3 quarters
|
|
146
Helmerich & Payne
HP
$3.99B
| $6K | ﹤0.01% |
227
| – | – |
2017 Q2
17 quarters
|
|
147
Cable One
CABO
$63.2M
| $5K | ﹤0.01% |
3
| – | – |
2019 Q2
9 quarters
|
|
148
Credicorp
BAP
$30.3B
| – | – |
-2
| Closed | – | – |
|
|
CSAN
149
DELISTED
Cosan
CSAN
| – | – |
-14
| Closed | – | – |
|
150
Domino's
DPZ
$10.2B
| – | – |
-137
| Closed | -$64K | – |
|
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Harding Loevner's Q3 2021 Portfolio in Review
As of Q3 2021, Harding Loevner held 164 positions worth $25.1B, down 5.7% from $26.6B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Harding Loevner withdrew a net $838M in Q3 2021, closing 17 positions and reducing 72 holdings. Its most notable exit was Estee Lauder, an estimated $249M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 25% a quarter earlier, followed by Financials and Communication Services.
Against the trend, Harding Loevner opened a new position in Netflix worth $251M.
- Harding Loevner's largest Q3 2021 buy was Netflix: 4,117,160 shares worth $251M.
- Harding Loevner added most to CoStar Group in Q3 2021, an estimated $220M increase.
- Harding Loevner's biggest Q3 2021 reduction was EPAM Systems, cutting an estimated $291M.
- Harding Loevner fully exited Estee Lauder in Q3 2021, selling an estimated $249M.
- Harding Loevner's ten largest holdings make up 33% of its $25.1B portfolio in Q3 2021.
- Harding Loevner opened 7 new positions and closed 17 in Q3 2021.
- Harding Loevner's portfolio value fell 5.7% quarter-over-quarter to $25.1B.
Based on Harding Loevner's 13F filing for Q3 2021, filed 15 Nov 2021.