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HL

Harding Loevner Portfolio holdings

AUM $9.72B
1-Year Est. Return 22.38%
This Fund
S&P 500
This Quarter Est. Return
+9.45%
1 Year Est. Return
+22.38%
3 Year Est. Return
+79.36%
5 Year Est. Return
+98.01%
10 Year Est. Return
+375.62%
AUM
$17.6B
AUM Growth
+$1.26B
Cap. Flow
+$56.4M
Cap. Flow %
0.32%
Top 10 Hldgs %
37.33%
Holding
131
New
7
Increased
37
Reduced
37
Closed
4

Top Buys

Rank Stock Value
1
WB icon
Weibo
WB
+$196M
2
AAPL icon
Apple
AAPL
+$192M
3
CTSH icon
Cognizant
CTSH
+$139M
4
SBUX icon
Starbucks
SBUX
+$134M
5
BABA icon
Alibaba
BABA
+$110M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$490M
2
FFIV icon
F5
FFIV
+$223M
3
MELI icon
Mercado Libre
MELI
+$140M
4
TCOM icon
Trip.com Group
TCOM
+$102M
5
IPGP icon
IPG Photonics
IPGP
+$99.8M

Sector Composition

Rank Sector Weight
1 Financials 21.98%
2 Technology 17.99%
3 Communication Services 14.25%
4 Consumer Discretionary 10.75%
5 Energy 8.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ITUB icon
1
Itaú Unibanco
ITUB
$87.5B
$902M 5.13%
135,743,369
+13,316,857
+11% +$81.4M
BIDU icon
2
Baidu
BIDU
$37.2B
$894M 5.08%
3,608,313
-324,255
-8% -$70.7M
CHKP icon
3
Check Point Software Technologies
CHKP
$13.1B
$703M 4%
6,167,068
+310,975
+5% +$34.2M
SLB icon
4
SLB Ltd
SLB
$75B
$698M 3.97%
10,005,557
+337,477
+3% +$22.3M
TSM icon
5
TSMC
TSM
$2.18T
$683M 3.88%
18,187,158
+937,142
+5% +$34.2M
SAP icon
6
SAP
SAP
$238B
$665M 3.78%
6,061,692
+349,347
+6% +$37.1M
WB icon
7
Weibo
WB
$1.95B
$566M 3.22%
5,725,066
+2,219,165
+63% +$196M
CNI icon
8
Canadian National Railway
CNI
$76.6B
$541M 3.08%
6,526,774
+367,571
+6% +$29.8M
TV icon
9
Televisa
TV
$1.49B
$489M 2.78%
19,818,674
+469,695
+2% +$12.1M
TS icon
10
Tenaris
TS
$26.8B
$423M 2.41%
14,938,263
+339,536
+2% +$9.92M
IBN icon
11
ICICI Bank
IBN
$108B
$422M 2.4%
49,245,389
-661,865
-1% -$6.05M
NKE icon
12
Nike
NKE
$61.9B
$395M 2.25%
7,617,271
+1,453,789
+24% +$81.6M
PYPL icon
13
PayPal
PYPL
$50.5B
$386M 2.2%
6,033,897
-66,175
-1% -$3.96M
ROP icon
14
Roper Technologies
ROP
$39.8B
$363M 2.06%
1,491,684
-13,089
-0.9% -$3.07M
BKNG icon
15
Booking.com
BKNG
$161B
$353M 2.01%
4,818,975
-58,425
-1% -$4.43M
GRFS
16
Grifois
GRFS
$5.4B
$346M 1.97%
15,811,707
+301,926
+2% +$6.26M
HDB icon
17
HDFC Bank
HDB
$121B
$324M 1.84%
13,449,848
-582,164
-4% -$13.8M
JOBS
18
DELISTED
51job Inc
JOBS
$304M 1.73%
5,016,352
+113,414
+2% +$6.18M
REGN icon
19
Regeneron Pharmaceuticals
REGN
$80.8B
$290M 1.65%
647,777
+116,195
+22% +$55.3M
SIVB
20
DELISTED
SVB Financial Group
SIVB
$288M 1.64%
1,538,806
-20,206
-1% -$3.55M
CEO
21
DELISTED
CNOOC Limited
CEO
$280M 1.59%
2,158,964
-35,508
-2% -$4.12M
RDS.B
22
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
$270M 1.54%
4,323,442
+177,043
+4% +$10.2M
BBD icon
23
Banco Bradesco
BBD
$36.7B
$264M 1.5%
41,963,514
+516,710
+1% +$3M
BBVA icon
24
Banco Bilbao Vizcaya Argentaria
BBVA
$156B
$254M 1.45%
28,493,326
+1,073,901
+4% +$9.51M
TCOM icon
25
Trip.com Group
TCOM
$29.1B
$247M 1.4%
4,677,909
-1,878,061
-29% -$102M
1
2 3 4 5

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FCM
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CCM
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URS
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MPI
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TIM
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SC
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TCA
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Harding Loevner's Q3 2017 Portfolio in Review

As of Q3 2017, Harding Loevner held 131 positions worth $17.6B, up 7.7% from $16.3B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

Harding Loevner's Q3 2017 filing shows 7 new, 37 increased, 37 reduced and 4 closed positions. Its largest new stake was Starbucks: 2,409,558 shares worth $129M. The largest sale was Alphabet (Google) Class A, an estimated $490M.

By sector, the portfolio is most concentrated in Financials at 22% of assets, up from 21% a quarter earlier, followed by Technology and Communication Services.

  • Harding Loevner's largest Q3 2017 buy was Starbucks: 2,409,558 shares worth $129M.
  • Harding Loevner added most to Weibo in Q3 2017, an estimated $196M increase.
  • Harding Loevner's biggest Q3 2017 reduction was Alphabet (Google) Class A, cutting an estimated $490M.
  • Harding Loevner fully exited Mercado Libre in Q3 2017, selling an estimated $140M.
  • Harding Loevner's ten largest holdings make up 37% of its $17.6B portfolio in Q3 2017.
  • Harding Loevner opened 7 new positions and closed 4 in Q3 2017.
  • Harding Loevner's portfolio value rose 7.7% quarter-over-quarter to $17.6B.

Based on Harding Loevner's 13F filing for Q3 2017, filed 13 Nov 2017.