We are live on
!
Find out more
HL
Harding Loevner Portfolio holdings
AUM
$9.72B
1-Year Est. Return
22.38%
This Fund
S&P 500
This Quarter
Est. Return
+16.71%
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
$21.3B
AUM Growth
+$4B
(+23%)
Cap. Flow
+$1.22B
Cap. Flow
% of AUM
5.74%
Top 10 Holdings %
Top 10 Hldgs %
37.61%
Holding
143
New
4
Increased
59
Reduced
27
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CHL
China Mobile Limited
CHL
|
+$520M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$426M |
| 3 |
Ambev
ABEV
|
+$207M |
| 4 |
Diageo
DEO
|
+$162M |
| 5 |
Illumina
ILMN
|
+$144M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tenaris
TS
|
+$263M |
| 2 |
Itaú Unibanco
ITUB
|
+$151M |
| 3 |
RDS.B
Royal Dutch Shell PLC ADS Class B
RDS.B
|
+$143M |
| 4 |
Cencora
COR
|
+$140M |
| 5 |
NVIDIA
NVDA
|
+$129M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.38% |
| 2 | Financials | 19.84% |
| 3 | Consumer Discretionary | 11.75% |
| 4 | Communication Services | 10.6% |
| 5 | Industrials | 7.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Check Point Software Technologies
CHKP
$13.1B
| $1.1B | 5.15% |
8,667,342
+259,449
| +3% | +$30.2M |
|
2
TSMC
TSM
$2.18T
| $969M | 4.55% |
23,651,165
+2,541,969
| +12% | +$97M |
|
3
Alibaba
BABA
$308B
| $944M | 4.44% |
5,176,685
+734,821
| +17% | +$124M |
|
4
SAP
SAP
$238B
| $874M | 4.11% |
7,572,423
+1,300,296
| +21% | +$138M |
|
5
Baidu
BIDU
$37.2B
| $872M | 4.1% |
5,291,625
+171,941
| +3% | +$28.8M |
|
|
6
Itaú Unibanco
ITUB
$87.5B
| $742M | 3.49% |
115,715,859
-21,363,970
| -16% | -$151M |
|
7
PayPal
PYPL
$50.5B
| $686M | 3.22% |
6,606,095
+79,612
| +1% | +$7.54M |
|
8
ICICI Bank
IBN
$108B
| $647M | 3.04% |
56,385,148
+866,750
| +2% | +$9.01M |
|
|
NBIS
9
Nebius Group N.V.
NBIS
$47.7B
| $596M | 2.8% |
17,350,380
+287,036
| +2% | +$9.52M |
|
10
Canadian National Railway
CNI
$76.6B
| $578M | 2.72% |
6,460,915
-1,319,113
| -17% | -$111M |
|
|
11
Ambev
ABEV
$46.4B
| $556M | 2.61% |
129,225,093
+45,038,260
| +53% | +$207M |
|
12
Roper Technologies
ROP
$39.8B
| $555M | 2.61% |
1,623,971
+41,309
| +3% | +$12.5M |
|
13
HDFC Bank
HDB
$121B
| $533M | 2.5% |
18,459,948
+1,726,268
| +10% | +$44.8M |
|
|
CHL
14
DELISTED
China Mobile Limited
CHL
| $514M | 2.41% |
10,078,373
+9,951,713
| +7,857% | +$520M |
|
15
Fomento Económico Mexicano
FMX
$41.7B
| $473M | 2.22% |
5,129,623
+710,068
| +16% | +$64.8M |
|
16
SLB Ltd
SLB
$75B
| $470M | 2.21% |
10,783,357
-24,964
| -0.2% | -$1.08M |
|
|
17
Alphabet (Google) Class A
GOOGL
$4.33T
| $444M | 2.08% |
7,537,780
+7,536,880
| +837,431% | +$426M |
|
|
FRC
18
DELISTED
First Republic Bank
FRC
| $430M | 2.02% |
4,281,777
+110,719
| +3% | +$10.9M |
|
19
Verisk Analytics
VRSK
$25B
| $428M | 2.01% |
3,219,691
+81,181
| +3% | +$9.88M |
|
20
Booking.com
BKNG
$161B
| $413M | 1.94% |
5,912,825
+1,038,025
| +21% | +$74.1M |
|
|
GRFS
21
Grifois
GRFS
$5.4B
| $356M | 1.67% |
17,724,292
+482,715
| +3% | +$9.22M |
|
22
Mastercard
MA
$493B
| $344M | 1.61% |
1,459,645
+35,068
| +2% | +$7.54M |
|
23
EPAM Systems
EPAM
$5.03B
| $336M | 1.58% |
1,986,282
+155,866
| +9% | +$23.4M |
|
24
Regeneron Pharmaceuticals
REGN
$80.8B
| $287M | 1.35% |
699,322
+18,591
| +3% | +$7.66M |
|
|
CEO
25
DELISTED
CNOOC Limited
CEO
| $284M | 1.34% |
1,529,842
+12,228
| +0.8% | +$2.07M |
|
Similar funds
DCP
FCM
CCM
URS
MPI
TIM
SC
TCA
Harding Loevner's Q1 2019 Portfolio in Review
As of Q1 2019, Harding Loevner held 143 positions worth $21.3B, up 23% from $17.3B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Harding Loevner deployed $1.22B of net new capital in Q1 2019, opening 4 new positions and adding to 59 existing holdings. Its largest new stake was Diageo: 1,063,948 shares worth $174M.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 23% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Tenaris, an estimated $263M trimmed.
- Harding Loevner's largest Q1 2019 buy was Diageo: 1,063,948 shares worth $174M.
- Harding Loevner added most to China Mobile Limited in Q1 2019, an estimated $520M increase.
- Harding Loevner's biggest Q1 2019 reduction was Tenaris, cutting an estimated $263M.
- Harding Loevner fully exited iShares MSCI ACWI ex US ETF in Q1 2019, selling an estimated $40.7M.
- Harding Loevner's ten largest holdings make up 38% of its $21.3B portfolio in Q1 2019.
- Harding Loevner opened 4 new positions and closed 11 in Q1 2019.
- Harding Loevner's portfolio value rose 23% quarter-over-quarter to $21.3B.
Based on Harding Loevner's 13F filing for Q1 2019, filed 15 May 2019.