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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
-18.07%
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
$16.2B
AUM Growth
-$1.95B
Cap. Flow
-$1.12B
Cap. Flow %
-6.93%
Top 10 Hldgs %
39.27%
Holding
158
New
5
Increased
12
Reduced
70
Closed
5
Avg Time Held
14.4 quarters
Top 10 Avg Time Held
9.1 quarters
Top 20 Avg Time Held
9 quarters

Top Buys

Rank Stock Value
1
WDS icon
Woodside Energy
WDS
+$123M
2
MFC icon
Manulife Financial
MFC
+$76.3M
3
FMX icon
Fomento Económico Mexicano
FMX
+$60.1M
4
ACWX icon
iShares MSCI ACWI ex US ETF
ACWX
+$48.3M
5
HDB icon
HDFC Bank
HDB
+$43.8M

Top Sells

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$338M
2
CHKP icon
Check Point Software Technologies
CHKP
+$257M
3
BHP icon
BHP
BHP
+$142M
4
ABEV icon
Ambev
ABEV
+$96.9M
5
CME icon
CME Group
CME
+$66.5M

Sector Composition

Rank Sector Weight
1 Technology 21.76%
2 Financials 20.1%
3 Healthcare 17.83%
4 Industrials 9.33%
5 Materials 6.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
ADP icon
126
Automatic Data Processing
ADP
$107B
$19K ﹤0.01%
92
– –
2017 Q4
18 quarters
ANSS icon
127
DELISTED
Ansys
ANSS
$19K ﹤0.01%
78
– –
2018 Q4
14 quarters
APH icon
128
Amphenol
APH
$215B
$19K ﹤0.01%
1,152
– –
2017 Q2
20 quarters
CGNX icon
129
Cognex
CGNX
$10.6B
$19K ﹤0.01%
449
– –
2018 Q2
16 quarters
MNST icon
130
Monster Beverage
MNST
$85.5B
$19K ﹤0.01%
816
– –
2021 Q2
4 quarters
ROP icon
131
Roper Technologies
ROP
$36B
$19K ﹤0.01%
47
– –
2013 Q2
36 quarters
TXN icon
132
Texas Instruments
TXN
$259B
$18K ﹤0.01%
115
– –
2020 Q1
9 quarters
COST icon
133
Costco
COST
$420B
$17K ﹤0.01%
35
– –
2022 Q1
1 quarter
EA icon
134
DELISTED
Electronic Arts
EA
$17K ﹤0.01%
143
– –
2021 Q3
3 quarters
IPGP icon
135
IPG Photonics
IPGP
$3.33B
$17K ﹤0.01%
179
– –
2014 Q2
32 quarters
RMD icon
136
ResMed
RMD
$32.4B
$17K ﹤0.01%
81
– –
2019 Q1
13 quarters
APD icon
137
Air Products & Chemicals
APD
$62.6B
$16K ﹤0.01%
66
– –
2017 Q2
20 quarters
DPZ icon
138
Domino's
DPZ
$10.2B
$16K ﹤0.01%
42
– –
2022 Q1
1 quarter
MA icon
139
Mastercard
MA
$516B
$16K ﹤0.01%
52
– –
2013 Q3
35 quarters
EL icon
140
Estee Lauder
EL
$35.5B
$15K ﹤0.01%
58
– –
2021 Q4
2 quarters
EMR icon
141
Emerson Electric
EMR
$90.3B
$15K ﹤0.01%
188
– –
2018 Q1
17 quarters
TJX icon
142
TJX Companies
TJX
$153B
$15K ﹤0.01%
274
– –
2021 Q4
2 quarters
V icon
143
Visa
V
$724B
$15K ﹤0.01%
76
– –
2020 Q3
7 quarters
BKNG icon
144
Booking.com
BKNG
$120B
$14K ﹤0.01%
+200
New +$17.1K
2022 Q2
0 quarters
EFX icon
145
Equifax
EFX
$17.1B
$14K ﹤0.01%
78
– –
2022 Q1
1 quarter
APPF icon
146
AppFolio
APPF
$7.16B
$13K ﹤0.01%
138
– –
2021 Q4
2 quarters
CABO icon
147
Cable One
CABO
$63.2M
$13K ﹤0.01%
10
– –
2019 Q2
12 quarters
ECL icon
148
Ecolab
ECL
$79B
$13K ﹤0.01%
84
– –
2017 Q2
20 quarters
EBAY icon
149
eBay
EBAY
$49.9B
$11K ﹤0.01%
259
– –
2017 Q2
20 quarters
AAON icon
150
Aaon
AAON
$7.1B
$10K ﹤0.01%
282
– –
2021 Q4
2 quarters
3 4 5
6
7

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DPIM
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CA
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SCM
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FCM
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URS
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AAM
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Harding Loevner's Q2 2022 Portfolio in Review

As of Q2 2022, Harding Loevner held 158 positions worth $16.2B, down 11% from $18.2B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Harding Loevner withdrew a net $1.12B in Q2 2022, closing 5 positions and reducing 70 holdings. Its most notable exit was Unilever, an estimated $28.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 22% of assets, down from 23% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Harding Loevner opened a new position in Woodside Energy worth $117M.

  • Harding Loevner's largest Q2 2022 buy was Woodside Energy: 5,440,187 shares worth $117M.
  • Harding Loevner added most to Manulife Financial in Q2 2022, an estimated $76.3M increase.
  • Harding Loevner's biggest Q2 2022 reduction was Meta Platforms (Facebook), cutting an estimated $338M.
  • Harding Loevner fully exited Unilever in Q2 2022, selling an estimated $28.7M.
  • Harding Loevner's ten largest holdings make up 39% of its $16.2B portfolio in Q2 2022.
  • Harding Loevner opened 5 new positions and closed 5 in Q2 2022.
  • Harding Loevner's portfolio value fell 11% quarter-over-quarter to $16.2B.

Based on Harding Loevner's 13F filing for Q2 2022, filed 15 Aug 2022.