We are live on ! Find out more
HL

Harding Loevner Portfolio holdings

AUM $10.6B
1-Year Est. Return 19.39%
This Fund
S&P 500
This Quarter Est. Return
-9.94%
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
$12.4B
AUM Growth
-$1.86B
Cap. Flow
-$528M
Cap. Flow %
-4.25%
Top 10 Hldgs %
32.65%
Holding
105
New
20
Increased
28
Reduced
40
Closed
3

Top Buys

Rank Stock Value
1
PYPL icon
PayPal
PYPL
+$198M
2
BKNG icon
Booking.com
BKNG
+$158M
3
TS icon
Tenaris
TS
+$150M
4
CGNX icon
Cognex
CGNX
+$140M
5
RHT
Red Hat Inc
RHT
+$128M

Top Sells

Rank Stock Value
1
VRSK icon
Verisk Analytics
VRSK
+$445M
2
EBAY icon
eBay
EBAY
+$218M
3
LAZ icon
Lazard
LAZ
+$177M
4
SAP icon
SAP
SAP
+$172M
5
BWA icon
BorgWarner
BWA
+$165M

Sector Composition

Rank Sector Weight
1 Financials 20.87%
2 Technology 16.38%
3 Communication Services 14.22%
4 Consumer Discretionary 10.87%
5 Energy 10.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SLB icon
1
SLB Ltd
SLB
$85.3B
$599M 4.83%
8,679,880
+1,256,151
+17% +$99.4M
IBN icon
2
ICICI Bank
IBN
$109B
$549M 4.43%
72,123,498
-7,829,042
-10% -$66.8M
BIDU icon
3
Baidu
BIDU
$33.7B
$512M 4.13%
3,723,795
-449,289
-11% -$74.1M
NKE icon
4
Nike
NKE
$57B
$484M 3.9%
7,867,672
-303,834
-4% -$17.2M
BG icon
5
Bunge Global
BG
$22.8B
$346M 2.79%
4,723,947
-566,589
-11% -$43.8M
GOOG icon
6
Alphabet (Google) Class C
GOOG
$4.1T
$340M 2.74%
10,656,440
-1,962,740
-16% -$60.3M
TSM icon
7
TSMC
TSM
$2.22T
$325M 2.62%
15,681,410
+4,629,132
+42% +$97.2M
BKNG icon
8
Booking.com
BKNG
$145B
$302M 2.43%
6,096,275
+3,174,275
+109% +$158M
ROP icon
9
Roper Technologies
ROP
$40.3B
$302M 2.43%
1,924,674
-73,156
-4% -$12.1M
SAP icon
10
SAP
SAP
$248B
$292M 2.35%
4,507,898
-2,490,089
-36% -$172M
VRSK icon
11
Verisk Analytics
VRSK
$24.2B
$282M 2.28%
3,820,539
-5,974,051
-61% -$445M
CNI icon
12
Canadian National Railway
CNI
$74.6B
$276M 2.22%
4,860,631
-719,763
-13% -$41.9M
FRC
13
DELISTED
First Republic Bank
FRC
$271M 2.19%
4,322,981
-162,354
-4% -$10.2M
IMS
14
DELISTED
IMS HEALTH HLDGS INC COM STK (DE)
IMS
$260M 2.09%
8,929,985
+3,919,563
+78% +$120M
FFIV icon
15
F5
FFIV
$22.1B
$254M 2.05%
2,193,161
+703,232
+47% +$86.1M
MA icon
16
Mastercard
MA
$507B
$251M 2.03%
2,789,733
-627,182
-18% -$58.9M
SIVB
17
DELISTED
SVB Financial Group
SIVB
$243M 1.96%
2,105,883
-79,063
-4% -$10.6M
DVA icon
18
DaVita
DVA
$11.7B
$238M 1.92%
3,287,654
-123,355
-4% -$9.56M
WFC icon
19
Wells Fargo
WFC
$272B
$234M 1.88%
4,547,530
-170,675
-4% -$9.39M
BUD icon
20
AB InBev
BUD
$158B
$231M 1.86%
2,174,227
+79,436
+4% +$9.22M
ARMH
21
DELISTED
ARM HOLDINGS PLC ADS
ARMH
$223M 1.8%
5,155,155
-8,215
-0.2% -$367K
TCOM icon
22
Trip.com Group
TCOM
$25.8B
$220M 1.77%
6,952,914
+3,506,524
+102% +$122M
ITUB icon
23
Itaú Unibanco
ITUB
$89.8B
$219M 1.77%
75,047,300
-4,343,316
-5% -$15.4M
AXP icon
24
American Express
AXP
$220B
$207M 1.67%
2,798,897
-102,663
-4% -$7.9M
TS icon
25
Tenaris
TS
$28.5B
$206M 1.66%
8,541,521
+5,923,406
+226% +$150M
1
2 3 4 5

Similar funds

FMI
Factory Mutual Insurance Waltham, Massachusetts $10.6B AUM 34.1% 1-Year Est. Return
VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $10.6B AUM 25.02% 1-Year Est. Return
DPIM
Duff & Phelps Investment Management Chicago, Illinois $10.6B AUM 18.62% 1-Year Est. Return
CA
Clearstead Advisors Cleveland, Ohio $10.6B AUM 24.87% 1-Year Est. Return
SCM
SCS Capital Management Boston, Massachusetts $10.6B AUM 19.73% 1-Year Est. Return
FCM
Frontier Capital Management Boston, Massachusetts $10.7B AUM 67.78% 1-Year Est. Return
URS
Utah Retirement Systems Salt Lake City, Utah $10.5B AUM 42.22% 1-Year Est. Return
AAM
Alphadyne Asset Management New York $10.5B AUM 37.62% 1-Year Est. Return

Harding Loevner's Q3 2015 Portfolio in Review

As of Q3 2015, Harding Loevner held 105 positions worth $12.4B, down 13% from $14.3B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Harding Loevner withdrew a net $528M in Q3 2015, closing 3 positions and reducing 40 holdings. Its most notable exit was Lazard, an estimated $177M position sold in full.

By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 23% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Harding Loevner opened a new position in PayPal worth $172M.

  • Harding Loevner's largest Q3 2015 buy was PayPal: 5,540,255 shares worth $172M.
  • Harding Loevner added most to Booking.com in Q3 2015, an estimated $158M increase.
  • Harding Loevner's biggest Q3 2015 reduction was Verisk Analytics, cutting an estimated $445M.
  • Harding Loevner fully exited Lazard in Q3 2015, selling an estimated $177M.
  • Harding Loevner's ten largest holdings make up 33% of its $12.4B portfolio in Q3 2015.
  • Harding Loevner opened 20 new positions and closed 3 in Q3 2015.
  • Harding Loevner's portfolio value fell 13% quarter-over-quarter to $12.4B.

Based on Harding Loevner's 13F filing for Q3 2015, filed 19 Oct 2015.