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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
+1.51%
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
$21.8B
AUM Growth
+$490M
Cap. Flow
+$439M
Cap. Flow %
2.02%
Top 10 Hldgs %
37.41%
Holding
142
New
10
Increased
31
Reduced
51
Closed
7
Avg Time Held
11.6 quarters
Top 10 Avg Time Held
7.3 quarters
Top 20 Avg Time Held
11 quarters

Top Buys

Rank Stock Value
1
SLB icon
SLB Ltd
SLB
+$193M
2
META icon
Meta Platforms (Facebook)
META
+$183M
3
ATHM icon
Autohome
ATHM
+$172M
4
NTES icon
NetEase
NTES
+$138M
5
RIO icon
Rio Tinto
RIO
+$91.3M

Top Sells

Rank Stock Value
1
WBC
WABCO HOLDINGS INC.
WBC
+$227M
2
EPAM icon
EPAM Systems
EPAM
+$97M
3
TV icon
Televisa
TV
+$85.5M
4
TCOM icon
Trip.com Group
TCOM
+$44.5M
5
JOBS
51job Inc
JOBS
+$34.8M

Sector Composition

Rank Sector Weight
1 Financials 22.91%
2 Technology 22.84%
3 Communication Services 13.14%
4 Consumer Discretionary 10.38%
5 Consumer Staples 8.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
SAP icon
1
SAP
SAP
$248B
$1.1B 5.04%
8,016,725
+444,302
+6% +$55.3M
2013 Q2
24 quarters
CHKP icon
2
Check Point Software Technologies
CHKP
$14B
$1B 4.61%
8,674,383
+7,041
+0.1% +$831K
2016 Q3
11 quarters
BABA icon
3
Alibaba
BABA
$277B
$962M 4.42%
5,676,524
+499,839
+10% +$86.3M
2017 Q3
7 quarters
TSM icon
4
TSMC
TSM
$2.35T
$951M 4.37%
24,288,508
+637,343
+3% +$26.2M
2013 Q2
24 quarters
ITUB icon
5
Itaú Unibanco
ITUB
$112B
$798M 3.67%
116,495,931
+780,072
+0.7% +$4.91M
2013 Q2
24 quarters
PYPL icon
6
PayPal
PYPL
$47.5B
$736M 3.38%
6,430,583
-175,512
-3% -$19.5M
2015 Q3
15 quarters
IBN icon
7
ICICI Bank
IBN
$100B
$703M 3.23%
55,849,328
-535,820
-1% -$6.21M
2013 Q2
24 quarters
NBIS
8
Nebius Group N.V.
NBIS
$60.1B
$658M 3.02%
17,313,957
-36,423
-0.2% -$1.35M
2014 Q1
21 quarters
SLB icon
9
SLB Ltd
SLB
$72.6B
$619M 2.84%
15,573,203
+4,789,846
+44% +$193M
2013 Q2
24 quarters
ABEV icon
10
Ambev
ABEV
$49.2B
$618M 2.84%
132,281,838
+3,056,745
+2% +$13.7M
2013 Q4
22 quarters
BIDU icon
11
Baidu
BIDU
$29B
$605M 2.78%
5,153,211
-138,414
-3% -$19.7M
2013 Q2
24 quarters
CNI icon
12
Canadian National Railway
CNI
$71.2B
$597M 2.74%
6,460,727
-188
-0% -$17.3K
2013 Q2
24 quarters
HDB icon
13
HDFC Bank
HDB
$115B
$597M 2.74%
18,367,184
-92,764
-0.5% -$2.8M
2016 Q4
10 quarters
ROP icon
14
Roper Technologies
ROP
$36B
$585M 2.69%
1,597,982
-25,989
-2% -$9.22M
2013 Q2
24 quarters
FMX icon
15
Fomento Económico Mexicano
FMX
$40.6B
$550M 2.52%
5,680,187
+550,564
+11% +$53.3M
2013 Q2
24 quarters
VRSK icon
16
Verisk Analytics
VRSK
$23.1B
$464M 2.13%
3,168,546
-51,145
-2% -$7.21M
2014 Q4
18 quarters
CHL
17
DELISTED
China Mobile Limited
CHL
$450M 2.07%
9,946,104
-132,269
-1% -$6.15M
2015 Q1
17 quarters
BKNG icon
18
Booking.com
BKNG
$120B
$437M 2.01%
5,825,925
-86,900
-1% -$6.24M
2015 Q2
16 quarters
FRC
19
DELISTED
First Republic Bank
FRC
$412M 1.89%
4,221,224
-60,553
-1% -$6.1M
2013 Q2
24 quarters
GOOGL icon
20
Alphabet (Google) Class A
GOOGL
$4.3T
$402M 1.85%
7,421,680
-116,100
-2% -$6.72M
2015 Q4
14 quarters
MA icon
21
Mastercard
MA
$516B
$378M 1.74%
1,429,264
-30,381
-2% -$7.6M
2013 Q3
23 quarters
GRFS
22
Grifois
GRFS
$5.08B
$366M 1.68%
17,333,270
-391,022
-2% -$7.46M
2014 Q2
20 quarters
BBD icon
23
Banco Bradesco
BBD
$45.5B
$347M 1.59%
47,005,893
+6,059,852
+15% +$41.4M
2013 Q2
24 quarters
NKE icon
24
Nike
NKE
$51.6B
$274M 1.26%
3,261,932
-47,432
-1% -$3.99M
2013 Q2
24 quarters
AAPL icon
25
Apple
AAPL
$4.91T
$269M 1.23%
5,433,212
-48,380
-0.9% -$2.36M
2017 Q2
8 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 Q2 2019 Portfolio in Review

As of Q2 2019, Harding Loevner held 142 positions worth $21.8B, up 2.3% from $21.3B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

Harding Loevner's Q2 2019 filing shows 10 new, 31 increased, 51 reduced and 7 closed positions. Its largest new stake was Autohome: 1,725,458 shares worth $148M. The largest sale was WABCO HOLDINGS INC., an estimated $227M.

By sector, the portfolio is most concentrated in Financials at 23% of assets, up from 22% a quarter earlier, followed by Technology and Communication Services.

  • Harding Loevner's largest Q2 2019 buy was Autohome: 1,725,458 shares worth $148M.
  • Harding Loevner added most to SLB Ltd in Q2 2019, an estimated $193M increase.
  • Harding Loevner's biggest Q2 2019 reduction was EPAM Systems, cutting an estimated $97M.
  • Harding Loevner fully exited WABCO HOLDINGS INC. in Q2 2019, selling an estimated $227M.
  • Harding Loevner's ten largest holdings make up 37% of its $21.8B portfolio in Q2 2019.
  • Harding Loevner opened 10 new positions and closed 7 in Q2 2019.
  • Harding Loevner's portfolio value rose 2.3% quarter-over-quarter to $21.8B.

Based on Harding Loevner's 13F filing for Q2 2019, filed 14 Aug 2019.