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HL

Harding Loevner Portfolio holdings

AUM $9.72B
1-Year Est. Return 22.38%
This Fund
S&P 500
This Quarter Est. Return
+10.55%
1 Year Est. Return
+22.38%
3 Year Est. Return
+79.36%
5 Year Est. Return
+98.01%
10 Year Est. Return
+375.62%
AUM
$17.4B
AUM Growth
+$2.1B
Cap. Flow
+$855M
Cap. Flow %
4.93%
Top 10 Hldgs %
38.6%
Holding
162
New
–
Increased
49
Reduced
32
Closed
80

Top Buys

Rank Stock Value
1
ABCM
Abcam PLC
ABCM
+$210M
2
NOW icon
ServiceNow
NOW
+$147M
3
COST icon
Costco
COST
+$137M
4
SAP icon
SAP
SAP
+$79.1M
5
VRTX icon
Vertex Pharmaceuticals
VRTX
+$61.2M

Top Sells

Rank Stock Value
1
MELI icon
Mercado Libre
MELI
+$130M
2
IQV icon
IQVIA
IQV
+$124M
3
FMX icon
Fomento Económico Mexicano
FMX
+$50.5M
4
IBN icon
ICICI Bank
IBN
+$46.4M
5
ASR icon
Grupo Aeroportuario del Sureste
ASR
+$43.6M

Sector Composition

Rank Sector Weight
1 Technology 22.04%
2 Financials 17.55%
3 Healthcare 17.26%
4 Industrials 9.81%
5 Communication Services 6.96%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MBUU icon
126
Malibu Boats
MBUU
$567M
– –
-939
Closed -$45K
MCD icon
127
McDonald's
MCD
$195B
– –
-85
Closed -$20K
MELI icon
128
Mercado Libre
MELI
$92.3B
– –
-157,364
Closed -$130M
MGPI icon
129
MGP Ingredients
MGPI
$375M
– –
-326
Closed -$35K
MKTX icon
130
MarketAxess Holdings
MKTX
$5.72B
– –
-48
Closed -$11K
MNST icon
131
Monster Beverage
MNST
$88.5B
– –
-408
Closed -$18K
MRK icon
132
Merck
MRK
$318B
– –
-734
Closed -$63K
NBIX icon
133
Neurocrine Biosciences
NBIX
$16.6B
– –
-767
Closed -$81K
NTES icon
134
NetEase
NTES
$84.7B
– –
-1,521
Closed -$115K
OLLI icon
135
Ollie's Bargain Outlet
OLLI
$4.94B
– –
-428
Closed -$22K
PANW icon
136
Palo Alto Networks
PANW
$297B
– –
-312
Closed -$26K
PG icon
137
Procter & Gamble
PG
$339B
– –
-137
Closed -$17K
PLNT icon
138
Planet Fitness
PLNT
$3.78B
– –
-119
Closed -$7K
POOL icon
139
Pool Corp
POOL
$7.5B
– –
-103
Closed -$33K
REGN icon
140
Regeneron Pharmaceuticals
REGN
$80.8B
– –
-11
Closed -$8K
REYN icon
141
Reynolds Consumer Products
REYN
$5.59B
– –
-915
Closed -$24K
RGEN icon
142
Repligen
RGEN
$9.25B
– –
-135
Closed -$25K
RGA icon
143
Reinsurance Group of America
RGA
$16.1B
– –
-671
Closed -$84K
RMD icon
144
ResMed
RMD
$30.7B
– –
-81
Closed -$18K
ROP icon
145
Roper Technologies
ROP
$39.8B
– –
-113
Closed -$41K
RYAAY icon
146
Ryanair
RYAAY
$31.3B
– –
-2,858
Closed -$67K
SBUX icon
147
Starbucks
SBUX
$120B
– –
-578
Closed -$49K
SLP icon
148
Simulations Plus
SLP
$371M
– –
-353
Closed -$17K
SYBT icon
149
Stock Yards Bancorp
SYBT
$2.6B
– –
-482
Closed -$33K
TER icon
150
Teradyne
TER
$59.3B
– –
-618
Closed -$46K
3 4 5
6
7

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DCP
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FCM
Frontier Capital Management Boston, Massachusetts $9.73B AUM 55.65% 1-Year Est. Return
CCM
Cullen Capital Management New York $9.75B AUM 21.81% 1-Year Est. Return
URS
Utah Retirement Systems Salt Lake City, Utah $9.78B AUM 28.72% 1-Year Est. Return
MPI
Mairs & Power Inc St Paul, Minnesota $9.79B AUM 20.6% 1-Year Est. Return
TIM
Thornburg Investment Management Santa Fe, New Mexico $9.63B AUM 35.65% 1-Year Est. Return
SC
Sculptor Capital New York $9.61B AUM 27.5% 1-Year Est. Return
TCA
Tortoise Capital Advisors Overland Park, Kansas $9.6B AUM 19.53% 1-Year Est. Return

Harding Loevner's Q4 2022 Portfolio in Review

As of Q4 2022, Harding Loevner held 162 positions worth $17.4B, up 14% from $15.3B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Harding Loevner deployed $855M of net new capital in Q4 2022, adding to 49 existing holdings.

By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 20% a quarter earlier, followed by Financials and Healthcare.

On the sell side, the largest reduction was Fomento Económico Mexicano, an estimated $50.5M trimmed.

  • Harding Loevner added most to Abcam PLC in Q4 2022, an estimated $210M increase.
  • Harding Loevner's biggest Q4 2022 reduction was Fomento Económico Mexicano, cutting an estimated $50.5M.
  • Harding Loevner fully exited Mercado Libre in Q4 2022, selling an estimated $130M.
  • Harding Loevner's ten largest holdings make up 39% of its $17.4B portfolio in Q4 2022.
  • Harding Loevner opened 0 new positions and closed 80 in Q4 2022.
  • Harding Loevner's portfolio value rose 14% quarter-over-quarter to $17.4B.

Based on Harding Loevner's 13F filing for Q4 2022, filed 14 Feb 2023.