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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
+10.55%
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
$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
Avg Time Held
18.3 quarters
Top 10 Avg Time Held
10.4 quarters
Top 20 Avg Time Held
10.5 quarters

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 19.85%
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 Held Since
TJX icon
151
TJX Companies
TJX
$153B
– –
-274
Closed -$17K –
TXN icon
152
Texas Instruments
TXN
$259B
– –
-115
Closed -$18K –
UL icon
153
Unilever
UL
$134B
– –
-1,020
Closed -$50K –
V icon
154
Visa
V
$724B
– –
-76
Closed -$14K –
VIGI icon
155
Vanguard International Dividend Appreciation ETF
VIGI
$8.84B
– –
-435
Closed -$27K –
WAT icon
156
Waters Corp
WAT
$42.6B
– –
-18
Closed -$5K –
WDAY icon
157
Workday
WDAY
$45B
– –
-140
Closed -$21K –
XOM icon
158
ExxonMobil
XOM
$695B
– –
-1,955
Closed -$171K –
ZTS icon
159
Zoetis
ZTS
$30.9B
– –
-261
Closed -$39K –
ALTR
160
DELISTED
Altair Engineering Inc
ALTR
– –
-863
Closed -$38K –
ABMD
161
DELISTED
Abiomed Inc
ABMD
– –
-118
Closed -$29K –
SBNY
162
DELISTED
Signature Bank
SBNY
– –
-471
Closed -$71K –
3 4 5 6
7

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SCM
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FCM
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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.