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
-12.05%
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
$17.3B
AUM Growth
-$1.89B
Cap. Flow
+$964M
Cap. Flow %
5.58%
Top 10 Hldgs %
39.13%
Holding
147
New
13
Increased
54
Reduced
33
Closed
8

Top Buys

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$405M
2
FMX icon
Fomento Económico Mexicano
FMX
+$288M
3
NBIS
Nebius Group N.V.
NBIS
+$270M
4
LIN icon
Linde
LIN
+$155M
5
VEU icon
Vanguard FTSE All-World ex-US ETF
VEU
+$95.5M

Top Sells

Rank Stock Value
1
WB icon
Weibo
WB
+$235M
2
META icon
Meta Platforms (Facebook)
META
+$189M
3
FMS icon
Fresenius Medical Care
FMS
+$161M
4
ITUB icon
Itaú Unibanco
ITUB
+$118M
5
WPP icon
WPP
WPP
+$89.5M

Sector Composition

Rank Sector Weight
1 Financials 24.52%
2 Technology 22.66%
3 Consumer Discretionary 10.59%
4 Communication Services 10.06%
5 Industrials 8.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ITUB icon
1
Itaú Unibanco
ITUB
$89.8B
$912M 5.28%
137,079,829
-18,373,939
-12% -$118M
CHKP icon
2
Check Point Software Technologies
CHKP
$14B
$863M 4.99%
8,407,893
+441,711
+6% +$48.5M
BIDU icon
3
Baidu
BIDU
$33.7B
$812M 4.7%
5,119,684
-47,312
-0.9% -$8.82M
TSM icon
4
TSMC
TSM
$2.22T
$779M 4.51%
21,109,196
-110,218
-0.5% -$4.2M
SAP icon
5
SAP
SAP
$248B
$624M 3.61%
6,272,127
+11,514
+0.2% +$1.22M
BABA icon
6
Alibaba
BABA
$281B
$609M 3.52%
4,441,864
+472,682
+12% +$69.9M
CNI icon
7
Canadian National Railway
CNI
$74.6B
$577M 3.34%
7,780,028
+32,501
+0.4% +$2.69M
IBN icon
8
ICICI Bank
IBN
$109B
$571M 3.31%
55,518,398
+1,752,589
+3% +$16.5M
PYPL icon
9
PayPal
PYPL
$47B
$549M 3.18%
6,526,483
+505,076
+8% +$42.1M
NBIS
10
Nebius Group N.V.
NBIS
$61.5B
$467M 2.7%
17,063,344
+9,185,785
+117% +$270M
HDB icon
11
HDFC Bank
HDB
$119B
$433M 2.51%
16,733,680
+456,736
+3% +$10.8M
ROP icon
12
Roper Technologies
ROP
$40.3B
$422M 2.44%
1,582,662
+103,168
+7% +$29.2M
SLB icon
13
SLB Ltd
SLB
$85.3B
$390M 2.26%
10,808,321
-77,106
-0.7% -$3.8M
FMX icon
14
Fomento Económico Mexicano
FMX
$41B
$380M 2.2%
4,419,555
+3,240,713
+275% +$288M
TS icon
15
Tenaris
TS
$28.5B
$365M 2.11%
17,117,700
-162,766
-0.9% -$4.52M
FRC
16
DELISTED
First Republic Bank
FRC
$362M 2.1%
4,171,058
+260,603
+7% +$23.8M
VRSK icon
17
Verisk Analytics
VRSK
$24.2B
$342M 1.98%
3,138,510
+208,794
+7% +$24.4M
BKNG icon
18
Booking.com
BKNG
$145B
$336M 1.94%
4,874,800
+311,300
+7% +$22.8M
ABEV icon
19
Ambev
ABEV
$46.6B
$330M 1.91%
84,186,833
-2,881,236
-3% -$12.3M
GRFS
20
Grifois
GRFS
$5.31B
$317M 1.83%
17,241,577
+520,797
+3% +$10.4M
NVDA icon
21
NVIDIA
NVDA
$5.56T
$282M 1.63%
84,617,880
+84,615,480
+3,525,645% +$405M
RDS.B
22
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
$271M 1.57%
4,523,703
-219,331
-5% -$14M
MA icon
23
Mastercard
MA
$507B
$269M 1.56%
1,424,577
+84,468
+6% +$16.8M
REGN icon
24
Regeneron Pharmaceuticals
REGN
$85.2B
$254M 1.47%
680,731
+43,833
+7% +$16M
BBD icon
25
Banco Bradesco
BBD
$36.7B
$250M 1.45%
40,407,818
-2,291,014
-5% -$13.3M
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 2018 Portfolio in Review

As of Q4 2018, Harding Loevner held 147 positions worth $17.3B, down 9.9% from $19.2B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Harding Loevner deployed $964M of net new capital in Q4 2018, opening 13 new positions and adding to 54 existing holdings. Its largest new stake was Linde: 982,935 shares worth $153M.

By sector, the portfolio is most concentrated in Financials at 25% of assets, up from 22% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was Weibo, an estimated $235M trimmed.

  • Harding Loevner's largest Q4 2018 buy was Linde: 982,935 shares worth $153M.
  • Harding Loevner added most to NVIDIA in Q4 2018, an estimated $405M increase.
  • Harding Loevner's biggest Q4 2018 reduction was Weibo, cutting an estimated $235M.
  • Harding Loevner fully exited WPP in Q4 2018, selling an estimated $89.5M.
  • Harding Loevner's ten largest holdings make up 39% of its $17.3B portfolio in Q4 2018.
  • Harding Loevner opened 13 new positions and closed 8 in Q4 2018.
  • Harding Loevner's portfolio value fell 9.9% quarter-over-quarter to $17.3B.

Based on Harding Loevner's 13F filing for Q4 2018, filed 14 Feb 2019.