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HL

Harding Loevner Portfolio holdings

AUM $9.72B
1-Year Est. Return 22.38%
This Fund
S&P 500
This Quarter Est. Return
+3.3%
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
$18.1B
AUM Growth
+$1.92B
Cap. Flow
+$1.62B
Cap. Flow %
8.95%
Top 10 Hldgs %
41.7%
Holding
71
New
2
Increased
23
Reduced
45
Closed
1

Top Buys

Rank Stock Value
1
SAP icon
SAP
SAP
+$245M
2
MFC icon
Manulife Financial
MFC
+$210M
3
SHEL icon
Shell
SHEL
+$204M
4
FMX icon
Fomento Económico Mexicano
FMX
+$193M
5
HLN icon
Haleon
HLN
+$190M

Top Sells

Rank Stock Value
1
AME icon
Ametek
AME
+$173M
2
NKE icon
Nike
NKE
+$84.6M
3
BNTX icon
BioNTech
BNTX
+$81.5M
4
DE icon
Deere & Co
DE
+$73.1M
5
AAPL icon
Apple
AAPL
+$33.3M

Sector Composition

Rank Sector Weight
1 Technology 28.55%
2 Healthcare 17.46%
3 Financials 13.45%
4 Communication Services 10.58%
5 Industrials 7.84%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TSM icon
1
TSMC
TSM
$2.18T
$1.38B 7.61%
7,935,154
+977,573
+14% +$148M
SAP icon
2
SAP
SAP
$238B
$1.04B 5.74%
5,158,382
+1,298,709
+34% +$245M
ALC icon
3
Alcon
ALC
$35B
$861M 4.75%
9,660,330
+1,267,088
+15% +$108M
FMX icon
4
Fomento Económico Mexicano
FMX
$41.7B
$736M 4.06%
6,841,444
+1,651,555
+32% +$193M
MSFT icon
5
Microsoft
MSFT
$3.71T
$623M 3.44%
1,394,977
-45,618
-3% -$19.3M
META icon
6
Meta Platforms (Facebook)
META
$1.51T
$610M 3.36%
1,209,002
+8,509
+0.7% +$4.14M
GOOGL icon
7
Alphabet (Google) Class A
GOOGL
$4.33T
$597M 3.29%
3,275,526
-107,212
-3% -$18.1M
AMZN icon
8
Amazon
AMZN
$2.96T
$579M 3.19%
2,994,208
+257,821
+9% +$47.4M
HDB icon
9
HDFC Bank
HDB
$121B
$575M 3.18%
17,891,034
-545,928
-3% -$16M
VRTX icon
10
Vertex Pharmaceuticals
VRTX
$126B
$555M 3.06%
1,184,408
-38,630
-3% -$16.8M
BHP icon
11
BHP
BHP
$230B
$541M 2.98%
9,470,895
+1,993,765
+27% +$116M
LIN icon
12
Linde
LIN
$226B
$494M 2.73%
1,125,467
+240,734
+27% +$106M
IBN icon
13
ICICI Bank
IBN
$108B
$398M 2.19%
13,802,686
-386,333
-3% -$10.4M
NFLX icon
14
Netflix
NFLX
$309B
$372M 2.05%
5,511,260
-264,300
-5% -$16.5M
MELI icon
15
Mercado Libre
MELI
$92.3B
$349M 1.93%
212,520
-11,547
-5% -$18.2M
ZTO icon
16
ZTO Express
ZTO
$17.9B
$342M 1.89%
16,462,134
+4,929,071
+43% +$108M
CNI icon
17
Canadian National Railway
CNI
$76.6B
$325M 1.79%
2,749,389
-81,186
-3% -$10.2M
TMO icon
18
Thermo Fisher Scientific
TMO
$220B
$313M 1.73%
565,760
-19,456
-3% -$11.1M
BAP icon
19
Credicorp
BAP
$30.7B
$307M 1.69%
1,899,741
-54,055
-3% -$8.94M
CRM icon
20
Salesforce
CRM
$158B
$272M 1.5%
1,057,383
+184,551
+21% +$49.4M
PINS icon
21
Pinterest
PINS
$13.4B
$268M 1.48%
6,088,268
-245,125
-4% -$9.66M
DHR icon
22
Danaher
DHR
$144B
$264M 1.46%
1,057,721
-33,467
-3% -$8.46M
MFC icon
23
Manulife Financial
MFC
$73.5B
$258M 1.42%
9,687,824
+8,381,600
+642% +$210M
XP icon
24
XP
XP
$8.39B
$249M 1.37%
14,162,007
+1,710,145
+14% +$35.3M
DE icon
25
Deere & Co
DE
$168B
$242M 1.34%
647,730
-187,387
-22% -$73.1M
1
2 3

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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 Q2 2024 Portfolio in Review

As of Q2 2024, Harding Loevner held 71 positions worth $18.1B, up 12% from $16.2B the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Harding Loevner deployed $1.62B of net new capital in Q2 2024, opening 2 new positions and adding to 23 existing holdings. Its largest new stake was Atkore: 665,559 shares worth $89.8M.

By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 27% a quarter earlier, followed by Healthcare and Financials.

On the sell side, the largest reduction was Nike, an estimated $84.6M trimmed.

  • Harding Loevner's largest Q2 2024 buy was Atkore: 665,559 shares worth $89.8M.
  • Harding Loevner added most to SAP in Q2 2024, an estimated $245M increase.
  • Harding Loevner's biggest Q2 2024 reduction was Nike, cutting an estimated $84.6M.
  • Harding Loevner fully exited Ametek in Q2 2024, selling an estimated $173M.
  • Harding Loevner's ten largest holdings make up 42% of its $18.1B portfolio in Q2 2024.
  • Harding Loevner opened 2 new positions and closed 1 in Q2 2024.
  • Harding Loevner's portfolio value rose 12% quarter-over-quarter to $18.1B.

Based on Harding Loevner's 13F filing for Q2 2024, filed 14 Aug 2024.