We are live on ! Find out more
Harding Loevner

Harding Loevner Portfolio holdings

AUM $10.6B Turnover 21.84%
1-Year Est. Return 19.39%
 

Harding Loevner is an investment manager that buys stocks from around the world, looking for high-quality, growing companies to hold for the long term. Former managers for the Rockefeller family founded the firm in 1989; Affiliated Managers Group owns most of it, though it operates independently and its key employees hold the rest. A company must show a competitive advantage, quality management, financial strength and sustainable growth before the firm will consider buying it, and individuals rather than committees make the decisions. It offers its strategies through individually managed portfolios, mutual funds and programs run by other financial institutions, for clients such as retirement plans, foundations, endowments and sovereign wealth funds.

This Fund
S&P 500
This Quarter Est. Return
+15.38%
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
$14.9B
AUM Growth
+$1.8B
Cap. Flow
+$163M
Cap. Flow %
1.1%
Top 10 Hldgs %
44.49%
Holding
72
New
5
Increased
30
Reduced
32
Closed
4
Avg Time Held
5.1 years
Top 10 Avg Time Held
3.6 years
Top 20 Avg Time Held
3.5 years

Top Buys

Rank Stock Value
1
NTES icon
NetEase
NTES
+$289M
2
RYAAY icon
Ryanair
RYAAY
+$223M
3
V icon
Visa
V
+$98.2M
4
PGR icon
Progressive
PGR
+$95.8M
5
JNJ icon
Johnson & Johnson
JNJ
+$89M

Top Sells

Rank Stock Value
1
UNH icon
UnitedHealth
UNH
+$255M
2
CRM icon
Salesforce
CRM
+$150M
3
ACN icon
Accenture
ACN
+$84.3M
4
NFLX icon
Netflix
NFLX
+$82.4M
5
TMO icon
Thermo Fisher Scientific
TMO
+$78.2M

Sector Composition

Rank Sector Weight
1 Technology 28.97%
2 Financials 16.88%
3 Communication Services 11.68%
4 Healthcare 11.25%
5 Industrials 9.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake
Capital Flow Held Since
TSM icon
1
TSMC
TSM
$2.02T
$1.27B 8.56%
5,614,431
-135,531
-2% -$25.1M
2013 Q2
48 quarters
HDB icon
2
HDFC Bank
HDB
$133B
$1.09B 7.3%
28,312,544
-736,820
-3% -$26.7M
2016 Q4
34 quarters
SAP icon
3
SAP
SAP
$274B
$750M 5.04%
2,465,593
-47,558
-2% -$13.6M
2013 Q2
48 quarters
ALC icon
4
Alcon
ALC
$36.3B
$619M 4.16%
7,007,181
-117,331
-2% -$10.5M
2021 Q1
17 quarters
MELI icon
5
Mercado Libre
MELI
$77.7B
$585M 3.93%
223,680
-9,429
-4% -$22M
2024 Q1
5 quarters
FMX icon
6
Fomento Económico Mexicano
FMX
$44.7B
$557M 3.75%
5,408,814
-220,432
-4% -$22.7M
2013 Q2
48 quarters
MSFT icon
7
Microsoft
MSFT
$4.05T
$483M 3.25%
970,400
+20,068
+2% +$8.71M
2013 Q2
48 quarters
LIN icon
8
Linde
LIN
$239B
$445M 2.99%
948,412
-29,096
-3% -$13.3M
2018 Q4
26 quarters
NFLX icon
9
Netflix
NFLX
$263B
$411M 2.76%
3,066,550
-728,750
-19% -$82.4M
2021 Q3
15 quarters
GOOGL icon
10
Alphabet (Google) Class A
GOOGL
$3.54T
$408M 2.75%
2,317,026
+41,611
+2% +$6.81M
2015 Q4
38 quarters
AMZN icon
11
Amazon
AMZN
$2.89T
$407M 2.74%
1,854,371
+32,078
+2% +$6.35M
2020 Q2
20 quarters
BHP icon
12
BHP
BHP
$211B
$382M 2.57%
7,932,302
-254,016
-3% -$12.2M
2020 Q4
18 quarters
META icon
13
Meta Platforms (Facebook)
META
$1.64T
$355M 2.39%
480,942
+8,696
+2% +$5.37M
2015 Q1
41 quarters
BAP icon
14
Credicorp
BAP
$28.3B
$353M 2.37%
1,577,714
-55,665
-3% -$11.3M
2021 Q4
14 quarters
NTES icon
15
NetEase
NTES
$83B
$348M 2.34%
2,582,636
+2,512,165
+3,565% +$289M
2025 Q1
1 quarter
VRTX icon
16
Vertex Pharmaceuticals
VRTX
$140B
$317M 2.13%
711,611
+13,152
+2% +$6.06M
2018 Q4
26 quarters
TW icon
17
Tradeweb Markets
TW
$27.1B
$261M 1.76%
1,782,816
+531,715
+42% +$74.2M
2020 Q3
19 quarters
CME icon
18
CME Group
CME
$109B
$261M 1.76%
946,808
+17,444
+2% +$4.74M
2020 Q3
19 quarters
RYAAY icon
19
Ryanair
RYAAY
$32B
$253M 1.7%
+4,387,970
New +$223M
2025 Q2
0 quarters
SONY icon
20
Sony
SONY
$158B
$251M 1.69%
9,631,000
-199,162
-2% -$4.98M
2023 Q2
8 quarters
CNI icon
21
Canadian National Railway
CNI
$76.3B
$242M 1.63%
2,325,177
-70,287
-3% -$7.15M
2013 Q2
48 quarters
HLN icon
22
Haleon
HLN
$39.4B
$234M 1.57%
22,551,041
-520,880
-2% -$5.49M
2023 Q1
9 quarters
SHEL icon
23
Shell
SHEL
$280B
$233M 1.57%
3,312,679
-43,447
-1% -$2.91M
2022 Q1
13 quarters
DE icon
24
Deere & Co
DE
$186B
$231M 1.55%
454,468
+9,910
+2% +$4.85M
2017 Q2
32 quarters
ASML icon
25
ASML
ASML
$583B
$222M 1.49%
276,554
+1,943
+0.7% +$1.39M
2025 Q1
1 quarter

Similar funds

Harding Loevner's Q2 2025 Portfolio in Review

As of Q2 2025, Harding Loevner held 72 positions worth $14.9B, up 14% from $13.1B the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Harding Loevner's Q2 2025 filing shows 5 new, 30 increased, 32 reduced and 4 closed positions. Its largest new stake was Ryanair: 4,387,970 shares worth $253M. The largest sale was UnitedHealth, an estimated $255M.

By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 28% a quarter earlier, followed by Financials and Communication Services.

  • Harding Loevner's largest Q2 2025 buy was Ryanair: 4,387,970 shares worth $253M.
  • Harding Loevner added most to NetEase in Q2 2025, an estimated $289M increase.
  • Harding Loevner's biggest Q2 2025 reduction was Salesforce, cutting an estimated $150M.
  • Harding Loevner fully exited UnitedHealth in Q2 2025, selling an estimated $255M.
  • Harding Loevner's ten largest holdings make up 44% of its $14.9B portfolio in Q2 2025.
  • Harding Loevner opened 5 new positions and closed 4 in Q2 2025.
  • Harding Loevner's portfolio value rose 14% quarter-over-quarter to $14.9B.

Based on Harding Loevner's 13F filing for Q2 2025, filed 14 Aug 2025.