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
+8.38%
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
$12.3B
AUM Growth
-$54.7M
Cap. Flow
-$746M
Cap. Flow %
-6.04%
Top 10 Hldgs %
34.87%
Holding
133
New
31
Increased
21
Reduced
50
Closed
22
Avg Time Held
5.3 quarters
Top 10 Avg Time Held
4.5 quarters
Top 20 Avg Time Held
4.8 quarters

Top Buys

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$335M
2
ITUB icon
Itaú Unibanco
ITUB
+$185M
3
GRFS
Grifois
GRFS
+$110M
4
CBD
Companhia Brasileira de Distribuicao
CBD
+$52.4M
5
TV icon
Televisa
TV
+$48.4M

Top Sells

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$340M
2
EBAY icon
eBay
EBAY
+$135M
3
IMO icon
Imperial Oil
IMO
+$88.9M
4
NKE icon
Nike
NKE
+$61.9M
5
NVO
Novo Nordisk
NVO
+$59.1M

Sector Composition

Rank Sector Weight
1 Financials 20.45%
2 Technology 16.35%
3 Communication Services 16.32%
4 Consumer Discretionary 10.23%
5 Energy 9.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
BIDU icon
1
Baidu
BIDU
$29B
$704M 5.7%
3,733,664
+9,869
+0.3% +$1.82M
2013 Q2
10 quarters
SLB icon
2
SLB Ltd
SLB
$72.6B
$619M 5.01%
8,880,096
+200,216
+2% +$15M
2013 Q2
10 quarters
IBN icon
3
ICICI Bank
IBN
$100B
$478M 3.87%
67,326,054
-4,797,444
-7% -$36.1M
2013 Q2
10 quarters
NKE icon
4
Nike
NKE
$51.6B
$432M 3.5%
6,907,493
-960,179
-12% -$61.9M
2013 Q2
10 quarters
ITUB icon
5
Itaú Unibanco
ITUB
$112B
$381M 3.09%
133,450,800
+58,403,500
+78% +$185M
2013 Q2
10 quarters
SAP icon
6
SAP
SAP
$248B
$354M 2.87%
4,503,879
-4,019
-0.1% -$309K
2013 Q2
10 quarters
GOOGL icon
7
Alphabet (Google) Class A
GOOGL
$4.3T
$353M 2.85%
+9,064,780
New +$335M
2015 Q4
0 quarters
TSM icon
8
TSMC
TSM
$2.35T
$349M 2.82%
15,491,483
-189,927
-1% -$4.27M
2013 Q2
10 quarters
ROP icon
9
Roper Technologies
ROP
$36B
$321M 2.6%
1,690,811
-233,863
-12% -$42.9M
2013 Q2
10 quarters
TCOM icon
10
Trip.com Group
TCOM
$24.5B
$317M 2.57%
6,841,976
-110,938
-2% -$5.07M
2013 Q3
9 quarters
BG icon
11
Bunge Global
BG
$19.7B
$282M 2.29%
4,153,869
-570,078
-12% -$40.2M
2013 Q2
10 quarters
BKNG icon
12
Booking.com
BKNG
$120B
$275M 2.23%
5,395,050
-701,225
-12% -$37M
2015 Q2
2 quarters
BUD icon
13
AB InBev
BUD
$152B
$271M 2.2%
2,181,715
+7,488
+0.3% +$906K
2013 Q2
10 quarters
CNI icon
14
Canadian National Railway
CNI
$71.2B
$269M 2.18%
4,835,724
-24,907
-0.5% -$1.46M
2013 Q2
10 quarters
VRSK icon
15
Verisk Analytics
VRSK
$23.1B
$258M 2.09%
3,350,896
-469,643
-12% -$35.7M
2014 Q4
4 quarters
FRC
16
DELISTED
First Republic Bank
FRC
$251M 2.03%
3,799,859
-523,122
-12% -$34.6M
2013 Q2
10 quarters
ARMH
17
DELISTED
ARM HOLDINGS PLC ADS
ARMH
$238M 1.93%
5,304,093
+148,938
+3% +$7.03M
2013 Q2
10 quarters
AMZN icon
18
Amazon
AMZN
$2.83T
$238M 1.93%
7,051,920
-978,980
-12% -$30.9M
2015 Q1
3 quarters
MA icon
19
Mastercard
MA
$516B
$228M 1.85%
2,343,643
-446,090
-16% -$43.7M
2013 Q3
9 quarters
SIVB
20
DELISTED
SVB Financial Group
SIVB
$220M 1.78%
1,849,043
-256,840
-12% -$31.9M
2013 Q2
10 quarters
WFC icon
21
Wells Fargo
WFC
$253B
$217M 1.76%
4,001,175
-546,355
-12% -$29.7M
2013 Q2
10 quarters
DVA icon
22
DaVita
DVA
$11.4B
$202M 1.63%
2,895,381
-392,273
-12% -$28.7M
2013 Q4
8 quarters
IMS
23
DELISTED
IMS HEALTH HLDGS INC COM STK (DE)
IMS
$201M 1.62%
7,878,349
-1,051,636
-12% -$29.4M
2014 Q4
4 quarters
WPP icon
24
WPP
WPP
$5.47B
$197M 1.59%
1,732,619
-50,860
-3% -$5.73M
2013 Q2
10 quarters
CHL
25
DELISTED
China Mobile Limited
CHL
$190M 1.54%
3,369,395
+57,960
+2% +$3.42M
2015 Q1
3 quarters
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 Q4 2015 Portfolio in Review

As of Q4 2015, Harding Loevner held 133 positions worth $12.3B, down 0.44% from $12.4B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Harding Loevner withdrew a net $746M in Q4 2015, closing 22 positions and reducing 50 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $340M position sold in full.

By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 21% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Harding Loevner opened a new position in Alphabet (Google) Class A worth $353M.

  • Harding Loevner's largest Q4 2015 buy was Alphabet (Google) Class A: 9,064,780 shares worth $353M.
  • Harding Loevner added most to Itaú Unibanco in Q4 2015, an estimated $185M increase.
  • Harding Loevner's biggest Q4 2015 reduction was Imperial Oil, cutting an estimated $88.9M.
  • Harding Loevner fully exited Alphabet (Google) Class C in Q4 2015, selling an estimated $340M.
  • Harding Loevner's ten largest holdings make up 35% of its $12.3B portfolio in Q4 2015.
  • Harding Loevner opened 31 new positions and closed 22 in Q4 2015.
  • Harding Loevner's portfolio value fell 0.44% quarter-over-quarter to $12.3B.

Based on Harding Loevner's 13F filing for Q4 2015, filed 26 Jan 2016.