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
+9.85%
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
$27.7B
AUM Growth
+$6.83B
Cap. Flow
+$4.52B
Cap. Flow %
16.29%
Top 10 Hldgs %
32.19%
Holding
190
New
40
Increased
41
Reduced
54
Closed
12

Top Buys

Rank Stock Value
1
IFX
INFINEON TECH AG ADS(REP1 ORD)
IFX
+$374M
2
CME icon
CME Group
CME
+$267M
3
DASTY
DASSAULT SYSTEMES SA ADR
DASTY
+$245M
4
ETSY icon
Etsy
ETSY
+$210M
5
TW icon
Tradeweb Markets
TW
+$173M

Top Sells

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$803M
2
TSM icon
TSMC
TSM
+$458M
3
NBIS
Nebius Group N.V.
NBIS
+$373M
4
TTD icon
Trade Desk
TTD
+$276M
5
NTES icon
NetEase
NTES
+$159M

Sector Composition

Rank Sector Weight
1 Technology 23.2%
2 Financials 15.99%
3 Consumer Discretionary 9.19%
4 Communication Services 8.07%
5 Healthcare 6.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TSM icon
1
TSMC
TSM
$2.18T
$1.23B 4.44%
15,182,781
-6,025,147
-28% -$458M
SAP icon
2
SAP
SAP
$238B
$1.18B 4.27%
7,593,859
+25,576
+0.3% +$4.06M
BABA icon
3
Alibaba
BABA
$308B
$1.05B 3.8%
3,582,705
-3,046,797
-46% -$803M
NBIS
4
Nebius Group N.V.
NBIS
$47.7B
$840M 3.03%
12,869,928
-6,254,264
-33% -$373M
PYPL icon
5
PayPal
PYPL
$50.5B
$811M 2.93%
4,117,778
+22,719
+0.6% +$4.28M
ITUB icon
6
Itaú Unibanco
ITUB
$87.5B
$802M 2.89%
276,847,159
-736,903
-0.3% -$2.5M
EPAM icon
7
EPAM Systems
EPAM
$5.03B
$738M 2.66%
2,284,152
-131,470
-5% -$39.3M
HDB icon
8
HDFC Bank
HDB
$121B
$723M 2.61%
28,937,520
-230,648
-0.8% -$5.6M
CHKP icon
9
Check Point Software Technologies
CHKP
$13.1B
$570M 2.06%
4,739,244
+6,408
+0.1% +$782K
VRTX icon
10
Vertex Pharmaceuticals
VRTX
$126B
$544M 1.96%
2,000,541
-21,226
-1% -$5.86M
AAPL icon
11
Apple
AAPL
$4.57T
$541M 1.95%
4,673,820
+85,624
+2% +$9.34M
IBN icon
12
ICICI Bank
IBN
$108B
$505M 1.82%
51,342,058
+603,766
+1% +$6.01M
FMX icon
13
Fomento Económico Mexicano
FMX
$41.7B
$504M 1.82%
8,962,555
+132,093
+1% +$7.71M
GOOGL icon
14
Alphabet (Google) Class A
GOOGL
$4.33T
$495M 1.79%
6,759,280
+130,540
+2% +$9.95M
META icon
15
Meta Platforms (Facebook)
META
$1.51T
$489M 1.77%
1,868,862
+33,453
+2% +$8.63M
ROP icon
16
Roper Technologies
ROP
$39.8B
$459M 1.66%
1,161,822
+21,842
+2% +$9.08M
ILMN icon
17
Illumina
ILMN
$28.4B
$456M 1.64%
1,515,360
+331,708
+28% +$114M
MA icon
18
Mastercard
MA
$493B
$438M 1.58%
1,295,583
+21,752
+2% +$7.07M
ABEV icon
19
Ambev
ABEV
$46.4B
$436M 1.57%
192,873,906
-5,733,783
-3% -$14.4M
FRC
20
DELISTED
First Republic Bank
FRC
$416M 1.5%
3,817,258
+68,233
+2% +$7.57M
VRSK icon
21
Verisk Analytics
VRSK
$25B
$388M 1.4%
2,095,750
+43,411
+2% +$7.95M
NKE icon
22
Nike
NKE
$61.9B
$376M 1.36%
2,997,133
+52,314
+2% +$5.62M
IFX
23
DELISTED
INFINEON TECH AG ADS(REP1 ORD)
IFX
$374M 1.35%
+13,249,533
New +$374M
CNI icon
24
Canadian National Railway
CNI
$76.6B
$365M 1.32%
3,427,078
+9,641
+0.3% +$968K
CHL
25
DELISTED
China Mobile Limited
CHL
$310M 1.12%
9,646,153
-3,709
-0% -$130K
1
2 3 4 5

Similar funds

DCP
Durable Capital Partners Bethesda, Maryland $9.71B AUM 26.27% 1-Year Est. Return
FCM
Frontier Capital Management Boston, Massachusetts $9.73B AUM 55.65% 1-Year Est. Return
CCM
Cullen Capital Management New York $9.75B AUM 21.81% 1-Year Est. Return
URS
Utah Retirement Systems Salt Lake City, Utah $9.78B AUM 28.72% 1-Year Est. Return
MPI
Mairs & Power Inc St Paul, Minnesota $9.79B AUM 20.6% 1-Year Est. Return
TIM
Thornburg Investment Management Santa Fe, New Mexico $9.63B AUM 35.65% 1-Year Est. Return
SC
Sculptor Capital New York $9.61B AUM 27.5% 1-Year Est. Return
TCA
Tortoise Capital Advisors Overland Park, Kansas $9.6B AUM 19.53% 1-Year Est. Return

Harding Loevner's Q3 2020 Portfolio in Review

As of Q3 2020, Harding Loevner held 190 positions worth $27.7B, up 33% from $20.9B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Harding Loevner deployed $4.52B of net new capital in Q3 2020, opening 40 new positions and adding to 41 existing holdings. Its largest new stake was INFINEON TECH AG ADS(REP1 ORD): 13,249,533 shares worth $374M.

By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 26% a quarter earlier, followed by Financials and Consumer Discretionary.

On the sell side, the largest reduction was Alibaba, an estimated $803M trimmed.

  • Harding Loevner's largest Q3 2020 buy was INFINEON TECH AG ADS(REP1 ORD): 13,249,533 shares worth $374M.
  • Harding Loevner added most to Illumina in Q3 2020, an estimated $114M increase.
  • Harding Loevner's biggest Q3 2020 reduction was Alibaba, cutting an estimated $803M.
  • Harding Loevner fully exited iShares MSCI ACWI ex US ETF in Q3 2020, selling an estimated $2.21M.
  • Harding Loevner's ten largest holdings make up 32% of its $27.7B portfolio in Q3 2020.
  • Harding Loevner opened 40 new positions and closed 12 in Q3 2020.
  • Harding Loevner's portfolio value rose 33% quarter-over-quarter to $27.7B.

Based on Harding Loevner's 13F filing for Q3 2020, filed 16 Nov 2020.