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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
+3.92%
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
$12.7B
AUM Growth
+$327M
Cap. Flow
-$24.5M
Cap. Flow %
-0.19%
Top 10 Hldgs %
34.52%
Holding
118
New
7
Increased
33
Reduced
40
Closed
25
Avg Time Held
7.1 quarters
Top 10 Avg Time Held
4.3 quarters
Top 20 Avg Time Held
5.2 quarters

Top Buys

Rank Stock Value
1
RDS.B
Royal Dutch Shell PLC ADS Class B
RDS.B
+$160M
2
SBNY
Signature Bank
SBNY
+$105M
3
SIVB
SVB Financial Group
SIVB
+$99.3M
4
CEO
CNOOC Limited
CEO
+$87.7M
5
BIDU icon
Baidu
BIDU
+$64.9M

Top Sells

Rank Stock Value
1
IBN icon
ICICI Bank
IBN
+$372M
2
NVO
Novo Nordisk
NVO
+$103M
3
TRMB icon
Trimble
TRMB
+$78.6M
4
ITUB icon
Itaú Unibanco
ITUB
+$76.7M
5
IMO icon
Imperial Oil
IMO
+$60.2M

Sector Composition

Rank Sector Weight
1 Financials 18.82%
2 Communication Services 17.06%
3 Technology 16.16%
4 Energy 11.77%
5 Consumer Discretionary 9.27%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
BIDU icon
1
Baidu
BIDU
$29B
$786M 6.2%
4,115,224
+381,560
+10% +$64.9M
2013 Q2
11 quarters
SLB icon
2
SLB Ltd
SLB
$72.6B
$690M 5.44%
9,355,464
+475,368
+5% +$33.4M
2013 Q2
11 quarters
TSM icon
3
TSMC
TSM
$2.35T
$416M 3.28%
15,891,455
+399,972
+3% +$9.36M
2013 Q2
11 quarters
NKE icon
4
Nike
NKE
$51.6B
$414M 3.27%
6,734,251
-173,242
-3% -$10.5M
2013 Q2
11 quarters
ITUB icon
5
Itaú Unibanco
ITUB
$112B
$410M 3.24%
108,258,501
-25,192,299
-19% -$76.7M
2013 Q2
11 quarters
SAP icon
6
SAP
SAP
$248B
$393M 3.1%
4,882,616
+378,737
+8% +$29.5M
2013 Q2
11 quarters
GOOGL icon
7
Alphabet (Google) Class A
GOOGL
$4.3T
$337M 2.66%
8,838,980
-225,800
-2% -$8.31M
2015 Q4
1 quarter
CNI icon
8
Canadian National Railway
CNI
$71.2B
$332M 2.62%
5,311,840
+476,116
+10% +$26.7M
2013 Q2
11 quarters
ROP icon
9
Roper Technologies
ROP
$36B
$301M 2.38%
1,648,543
-42,268
-2% -$7.28M
2013 Q2
11 quarters
BUD icon
10
AB InBev
BUD
$152B
$298M 2.35%
2,388,088
+206,373
+9% +$24.5M
2013 Q2
11 quarters
SIVB
11
DELISTED
SVB Financial Group
SIVB
$293M 2.31%
2,875,465
+1,026,422
+56% +$99.3M
2013 Q2
11 quarters
TCOM icon
12
Trip.com Group
TCOM
$24.5B
$283M 2.24%
6,405,212
-436,764
-6% -$18.3M
2013 Q3
10 quarters
BKNG icon
13
Booking.com
BKNG
$120B
$272M 2.15%
5,274,650
-120,400
-2% -$5.77M
2015 Q2
3 quarters
BG icon
14
Bunge Global
BG
$19.7B
$263M 2.07%
4,632,994
+479,125
+12% +$27.3M
2013 Q2
11 quarters
VRSK icon
15
Verisk Analytics
VRSK
$23.1B
$261M 2.06%
3,266,980
-83,916
-3% -$6.13M
2014 Q4
5 quarters
ARMH
16
DELISTED
ARM HOLDINGS PLC ADS
ARMH
$257M 2.03%
5,891,741
+587,648
+11% +$24.6M
2013 Q2
11 quarters
FRC
17
DELISTED
First Republic Bank
FRC
$247M 1.95%
3,705,936
-93,923
-2% -$6.02M
2013 Q2
11 quarters
MA icon
18
Mastercard
MA
$516B
$216M 1.7%
2,285,267
-58,376
-2% -$5.16M
2013 Q3
10 quarters
WPP icon
19
WPP
WPP
$5.47B
$211M 1.66%
1,809,242
+76,623
+4% +$8.26M
2013 Q2
11 quarters
CEO
20
DELISTED
CNOOC Limited
CEO
$208M 1.64%
1,777,045
+840,359
+90% +$87.7M
2013 Q2
11 quarters
TS icon
21
Tenaris
TS
$28.9B
$208M 1.64%
8,390,982
+724,000
+9% +$15.9M
2013 Q2
11 quarters
DVA icon
22
DaVita
DVA
$11.4B
$207M 1.63%
2,822,298
-73,083
-3% -$4.94M
2013 Q4
9 quarters
CHL
23
DELISTED
China Mobile Limited
CHL
$205M 1.62%
3,700,795
+331,400
+10% +$17.9M
2015 Q1
4 quarters
IMS
24
DELISTED
IMS HEALTH HLDGS INC COM STK (DE)
IMS
$204M 1.61%
7,688,576
-189,773
-2% -$4.71M
2014 Q4
5 quarters
AMZN icon
25
Amazon
AMZN
$2.83T
$204M 1.61%
6,873,440
-178,480
-3% -$5.07M
2015 Q1
4 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 Q1 2016 Portfolio in Review

As of Q1 2016, Harding Loevner held 118 positions worth $12.7B, up 2.6% from $12.3B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Harding Loevner's Q1 2016 filing shows 7 new, 33 increased, 40 reduced and 25 closed positions. Its largest new stake was Royal Dutch Shell PLC ADS Class B: 3,569,431 shares worth $176M. The largest sale was ICICI Bank, an estimated $372M.

By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 20% a quarter earlier, followed by Communication Services and Technology.

  • Harding Loevner's largest Q1 2016 buy was Royal Dutch Shell PLC ADS Class B: 3,569,431 shares worth $176M.
  • Harding Loevner added most to SVB Financial Group in Q1 2016, an estimated $99.3M increase.
  • Harding Loevner's biggest Q1 2016 reduction was ICICI Bank, cutting an estimated $372M.
  • Harding Loevner fully exited Novo Nordisk in Q1 2016, selling an estimated $103M.
  • Harding Loevner's ten largest holdings make up 35% of its $12.7B portfolio in Q1 2016.
  • Harding Loevner opened 7 new positions and closed 25 in Q1 2016.
  • Harding Loevner's portfolio value rose 2.6% quarter-over-quarter to $12.7B.

Based on Harding Loevner's 13F filing for Q1 2016, filed 2 May 2016.