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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 | |
|---|---|---|---|---|---|---|---|
151
New Oriental
EDU
$9.09B
| – | – |
-10,925
| Closed | -$895K | – |
|
152
iShares MSCI EAFE ETF
EFA
$76.4B
| – | – |
-25
| Closed | -$2K | – |
|
|
153
Estee Lauder
EL
$35.5B
| – | – |
-782,274
| Closed | -$249M | – |
|
154
Imperial Oil
IMO
$59.5B
| – | – |
-1,280
| Closed | -$39K | – |
|
155
Gartner
IT
$12.1B
| – | – |
-100
| Closed | -$24K | – |
|
156
JD.com
JD
$36.6B
| – | – |
-3
| Closed | – | – |
|
157
State Street SPDR S&P Bank ETF
KBE
$1.48B
| – | – |
-13
| Closed | -$1K | – |
|
158
State Street SPDR S&P Regional Banking ETF
KRE
$3.59B
| – | – |
-8
| Closed | -$1K | – |
|
159
3M
MMM
$82.5B
| – | – |
-77
| Closed | -$13K | – |
|
160
Regeneron Pharmaceuticals
REGN
$76.9B
| – | – |
-11
| Closed | -$6K | – |
|
161
Sasol
SSL
$9.69B
| – | – |
-77
| Closed | -$1K | – |
|
|
162
VF Corp
VFC
$5.9B
| – | – |
-2,295,743
| Closed | -$188M | – |
|
163
Vanguard Total World Stock ETF
VT
$81.6B
| – | – |
-210
| Closed | -$22K | – |
|
164
Waters Corp
WAT
$42.6B
| – | – |
-28
| Closed | -$10K | – |
|
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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.