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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
+7.12%
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
$13.9B
AUM Growth
+$1.09B
Cap. Flow
+$279M
Cap. Flow %
2.01%
Top 10 Hldgs %
34.99%
Holding
97
New
7
Increased
39
Reduced
31
Closed
9
Avg Time Held
8.7 quarters
Top 10 Avg Time Held
5.4 quarters
Top 20 Avg Time Held
6.6 quarters

Top Buys

Rank Stock Value
1
CHKP icon
Check Point Software Technologies
CHKP
+$189M
2
GRFS
Grifois
GRFS
+$105M
3
MELI icon
Mercado Libre
MELI
+$83.7M
4
JD icon
JD.com
JD
+$69.1M
5
REGN icon
Regeneron Pharmaceuticals
REGN
+$61.1M

Top Sells

Rank Stock Value
1
ARMH
ARM HOLDINGS PLC ADS
ARMH
+$268M
2
BIDU icon
Baidu
BIDU
+$157M
3
AMX icon
America Movil
AMX
+$75.1M
4
MMM icon
3M
MMM
+$52.6M
5
IBN icon
ICICI Bank
IBN
+$34.8M

Sector Composition

Rank Sector Weight
1 Financials 17.87%
2 Communication Services 16.55%
3 Technology 15.8%
4 Energy 12.9%
5 Consumer Discretionary 10.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
SLB icon
1
SLB Ltd
SLB
$72.6B
$748M 5.4%
9,514,732
+165,634
+2% +$13.1M
2013 Q2
13 quarters
BIDU icon
2
Baidu
BIDU
$29B
$612M 4.42%
3,362,467
-907,905
-21% -$157M
2013 Q2
13 quarters
ITUB icon
3
Itaú Unibanco
ITUB
$112B
$554M 4%
114,844,362
+3,957,543
+4% +$18.7M
2013 Q2
13 quarters
TSM icon
4
TSMC
TSM
$2.35T
$506M 3.65%
16,528,553
+618,783
+4% +$17.7M
2013 Q2
13 quarters
SAP icon
5
SAP
SAP
$248B
$467M 3.37%
5,104,602
+196,527
+4% +$16.9M
2013 Q2
13 quarters
GOOGL icon
6
Alphabet (Google) Class A
GOOGL
$4.3T
$450M 3.25%
11,204,260
-41,460
-0.4% -$1.62M
2015 Q4
3 quarters
TS icon
7
Tenaris
TS
$28.9B
$434M 3.13%
15,270,498
+549,649
+4% +$15.1M
2013 Q2
13 quarters
TV icon
8
Televisa
TV
$1.16B
$365M 2.64%
14,220,812
+795,978
+6% +$21M
2014 Q4
7 quarters
CNI icon
9
Canadian National Railway
CNI
$71.2B
$362M 2.61%
5,529,302
+203,855
+4% +$12.9M
2013 Q2
13 quarters
NKE icon
10
Nike
NKE
$51.6B
$351M 2.53%
6,662,119
-23,558
-0.4% -$1.33M
2013 Q2
13 quarters
BUD icon
11
AB InBev
BUD
$152B
$329M 2.38%
2,506,201
+110,921
+5% +$14M
2013 Q2
13 quarters
SIVB
12
DELISTED
SVB Financial Group
SIVB
$320M 2.31%
2,891,241
+7,558
+0.3% +$787K
2013 Q2
13 quarters
TCOM icon
13
Trip.com Group
TCOM
$24.5B
$319M 2.3%
6,854,569
+221,245
+3% +$9.85M
2013 Q3
12 quarters
BKNG icon
14
Booking.com
BKNG
$120B
$307M 2.22%
5,220,375
-25,525
-0.5% -$1.42M
2015 Q2
5 quarters
ROP icon
15
Roper Technologies
ROP
$36B
$298M 2.15%
1,631,117
-5,118
-0.3% -$892K
2013 Q2
13 quarters
BG icon
16
Bunge Global
BG
$19.7B
$285M 2.06%
4,816,759
+159,854
+3% +$9.94M
2013 Q2
13 quarters
AMZN icon
17
Amazon
AMZN
$2.83T
$285M 2.06%
6,803,880
-29,240
-0.4% -$1.12M
2015 Q1
6 quarters
FRC
18
DELISTED
First Republic Bank
FRC
$284M 2.05%
3,681,820
-1,889
-0.1% -$139K
2013 Q2
13 quarters
VRSK icon
19
Verisk Analytics
VRSK
$23.1B
$263M 1.9%
3,233,505
-8,687
-0.3% -$719K
2014 Q4
7 quarters
CEO
20
DELISTED
CNOOC Limited
CEO
$252M 1.82%
1,994,499
+113,154
+6% +$13.9M
2013 Q2
13 quarters
CHL
21
DELISTED
China Mobile Limited
CHL
$251M 1.81%
4,074,672
+119,157
+3% +$7.31M
2015 Q1
6 quarters
GRFS
22
Grifois
GRFS
$5.08B
$245M 1.77%
15,366,848
+6,375,415
+71% +$105M
2014 Q2
9 quarters
FFIV icon
23
F5
FFIV
$27.2B
$232M 1.68%
1,863,242
-7,161
-0.4% -$869K
2013 Q2
13 quarters
PYPL icon
24
PayPal
PYPL
$47.5B
$224M 1.62%
5,465,050
-20,281
-0.4% -$779K
2015 Q3
4 quarters
CL icon
25
Colgate-Palmolive
CL
$70.4B
$199M 1.44%
2,682,347
-4,966
-0.2% -$367K
2013 Q2
13 quarters
1
2 3 4

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FMI
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VAS
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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 2016 Portfolio in Review

As of Q3 2016, Harding Loevner held 97 positions worth $13.9B, up 8.5% from $12.8B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Harding Loevner's Q3 2016 filing shows 7 new, 39 increased, 31 reduced and 9 closed positions. Its largest new stake was Check Point Software Technologies: 2,431,568 shares worth $189M. The largest sale was ARM HOLDINGS PLC ADS, an estimated $268M.

By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 17% a quarter earlier, followed by Communication Services and Technology.

  • Harding Loevner's largest Q3 2016 buy was Check Point Software Technologies: 2,431,568 shares worth $189M.
  • Harding Loevner added most to Grifois in Q3 2016, an estimated $105M increase.
  • Harding Loevner's biggest Q3 2016 reduction was Baidu, cutting an estimated $157M.
  • Harding Loevner fully exited ARM HOLDINGS PLC ADS in Q3 2016, selling an estimated $268M.
  • Harding Loevner's ten largest holdings make up 35% of its $13.9B portfolio in Q3 2016.
  • Harding Loevner opened 7 new positions and closed 9 in Q3 2016.
  • Harding Loevner's portfolio value rose 8.5% quarter-over-quarter to $13.9B.

Based on Harding Loevner's 13F filing for Q3 2016, filed 11 Oct 2016.