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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
-1.92%
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
$15.3B
AUM Growth
-$956M
Cap. Flow
-$431M
Cap. Flow %
-2.83%
Top 10 Hldgs %
38.03%
Holding
163
New
10
Increased
23
Reduced
75
Closed
1

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$261M
2
MFC icon
Manulife Financial
MFC
+$76.5M
3
PYPL icon
PayPal
PYPL
+$59.5M
4
CRM icon
Salesforce
CRM
+$59.4M
5
SIVB
SVB Financial Group
SIVB
+$47M

Top Sells

Rank Stock Value
1
UNH icon
UnitedHealth
UNH
+$81.5M
2
ASR icon
Grupo Aeroportuario del Sureste
ASR
+$62.6M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$60.9M
4
EPAM icon
EPAM Systems
EPAM
+$59.5M
5
DEO icon
Diageo
DEO
+$52.8M

Sector Composition

Rank Sector Weight
1 Financials 22.43%
2 Technology 20.31%
3 Healthcare 16.41%
4 Industrials 9.2%
5 Communication Services 7.84%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HDB icon
1
HDFC Bank
HDB
$119B
$755M 4.95%
25,864,378
+982,974
+4% +$30.2M
BHP icon
2
BHP
BHP
$230B
$730M 4.78%
14,579,883
-509,828
-3% -$27M
TSM icon
3
TSMC
TSM
$2.22T
$708M 4.64%
10,332,325
-282,296
-3% -$23.3M
IBN icon
4
ICICI Bank
IBN
$109B
$677M 4.44%
32,289,689
-752,345
-2% -$15.9M
FMX icon
5
Fomento Económico Mexicano
FMX
$41B
$617M 4.04%
9,830,790
-797,601
-8% -$50.2M
ALC icon
6
Alcon
ALC
$34.1B
$589M 3.86%
10,127,597
-342,153
-3% -$23.7M
VRTX icon
7
Vertex Pharmaceuticals
VRTX
$138B
$475M 3.11%
1,639,817
-93,874
-5% -$27M
GOOGL icon
8
Alphabet (Google) Class A
GOOGL
$4.14T
$439M 2.88%
4,587,728
-548,992
-11% -$60.9M
SAP icon
9
SAP
SAP
$248B
$427M 2.8%
5,249,625
+332,410
+7% +$29.4M
FRC
10
DELISTED
First Republic Bank
FRC
$384M 2.52%
2,939,914
-167,942
-5% -$25.8M
ABEV icon
11
Ambev
ABEV
$46.6B
$366M 2.4%
129,456,773
-2,226,263
-2% -$6.31M
DE icon
12
Deere & Co
DE
$187B
$366M 2.4%
1,096,434
-62,098
-5% -$21.3M
SIVB
13
DELISTED
SVB Financial Group
SIVB
$354M 2.32%
1,053,600
+116,821
+12% +$47M
CNI icon
14
Canadian National Railway
CNI
$74.6B
$351M 2.3%
3,250,048
-79,087
-2% -$9.42M
MSFT icon
15
Microsoft
MSFT
$3.71T
$334M 2.19%
1,433,598
-80,945
-5% -$21.4M
UNH icon
16
UnitedHealth
UNH
$356B
$325M 2.13%
642,937
-155,035
-19% -$81.5M
AMZN icon
17
Amazon
AMZN
$2.79T
$312M 2.05%
2,760,714
-77,154
-3% -$9.75M
XP icon
18
XP
XP
$10.1B
$304M 1.99%
16,002,301
-279,241
-2% -$5.54M
SNPS icon
19
Synopsys
SNPS
$75.5B
$258M 1.69%
845,563
-46,511
-5% -$15.7M
TMO icon
20
Thermo Fisher Scientific
TMO
$227B
$239M 1.57%
472,158
-27,793
-6% -$15.6M
ACN icon
21
Accenture
ACN
$114B
$227M 1.49%
883,977
-51,036
-5% -$14.7M
META icon
22
Meta Platforms (Facebook)
META
$1.57T
$223M 1.46%
1,639,965
+1,610,716
+5,507% +$261M
AME icon
23
Ametek
AME
$54.5B
$217M 1.42%
1,912,457
-110,793
-5% -$13.3M
NKE icon
24
Nike
NKE
$57B
$202M 1.32%
2,431,023
-136,179
-5% -$14.7M
ILMN icon
25
Illumina
ILMN
$33B
$187M 1.23%
1,008,946
-57,681
-5% -$11.4M
1
2 3 4 5

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FMI
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VAS
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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
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AAM
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Harding Loevner's Q3 2022 Portfolio in Review

As of Q3 2022, Harding Loevner held 163 positions worth $15.3B, down 5.9% from $16.2B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Harding Loevner's Q3 2022 filing shows 10 new, 23 increased, 75 reduced and 1 closed positions. Its largest new stake was iShares MSCI EAFE Growth ETF: 19,760 shares worth $1.43M. The largest sale was UnitedHealth, an estimated $81.5M.

By sector, the portfolio is most concentrated in Financials at 22% of assets, up from 20% a quarter earlier, followed by Technology and Healthcare.

  • Harding Loevner's largest Q3 2022 buy was iShares MSCI EAFE Growth ETF: 19,760 shares worth $1.43M.
  • Harding Loevner added most to Meta Platforms (Facebook) in Q3 2022, an estimated $261M increase.
  • Harding Loevner's biggest Q3 2022 reduction was UnitedHealth, cutting an estimated $81.5M.
  • Harding Loevner fully exited Domino's in Q3 2022, selling an estimated $16K.
  • Harding Loevner's ten largest holdings make up 38% of its $15.3B portfolio in Q3 2022.
  • Harding Loevner opened 10 new positions and closed 1 in Q3 2022.
  • Harding Loevner's portfolio value fell 5.9% quarter-over-quarter to $15.3B.

Based on Harding Loevner's 13F filing for Q3 2022, filed 14 Nov 2022.