We are live on ! Find out more
HL

Harding Loevner Portfolio holdings

AUM $10.6B
1-Year Est. Return 19.39%
This Fund
S&P 500
This Quarter Est. Return
+3.46%
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
$11.4B
AUM Growth
-$2.27B
Cap. Flow
-$2.48B
Cap. Flow %
-21.8%
Top 10 Hldgs %
47.15%
Holding
79
New
8
Increased
13
Reduced
55
Closed
3

Top Buys

Rank Stock Value
1
VEU icon
Vanguard FTSE All-World ex-US ETF
VEU
+$78.4M
2
EFX icon
Equifax
EFX
+$70.4M
3
FN icon
Fabrinet
FN
+$60.8M
4
NICE icon
Nice
NICE
+$44.1M
5
HON icon
Honeywell
HON
+$30.6M

Top Sells

Rank Stock Value
1
SAP icon
SAP
SAP
+$488M
2
BHP icon
BHP
BHP
+$440M
3
LIN icon
Linde
LIN
+$397M
4
TSM icon
TSMC
TSM
+$242M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$134M

Sector Composition

Rank Sector Weight
1 Technology 28.45%
2 Financials 19.27%
3 Healthcare 11.58%
4 Communication Services 10.36%
5 Industrials 9.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TSM icon
1
TSMC
TSM
$2.22T
$1.32B 11.6%
4,336,799
-824,056
-16% -$242M
HDB icon
2
HDFC Bank
HDB
$119B
$920M 8.1%
25,187,687
-1,890,927
-7% -$68M
FMX icon
3
Fomento Económico Mexicano
FMX
$41B
$600M 5.28%
5,934,259
+201,052
+4% +$19.5M
BAP icon
4
Credicorp
BAP
$30.4B
$408M 3.59%
1,421,564
-122,283
-8% -$32.4M
MELI icon
5
Mercado Libre
MELI
$100B
$396M 3.48%
196,516
-16,833
-8% -$35.4M
ALC icon
6
Alcon
ALC
$34.1B
$379M 3.34%
4,810,865
-671,559
-12% -$51.7M
RYAAY icon
7
Ryanair
RYAAY
$28.7B
$359M 3.15%
4,966,655
-377,497
-7% -$24.5M
NTES icon
8
NetEase
NTES
$76.4B
$341M 3%
2,476,401
-65,199
-3% -$9.26M
ASML icon
9
ASML
ASML
$659B
$323M 2.84%
301,762
+28,568
+10% +$29.8M
GOOGL icon
10
Alphabet (Google) Class A
GOOGL
$4.14T
$315M 2.77%
1,005,928
-469,243
-32% -$134M
NICE icon
11
Nice
NICE
$6.18B
$292M 2.57%
2,580,589
+365,254
+16% +$44.1M
MSFT icon
12
Microsoft
MSFT
$3.71T
$289M 2.55%
598,366
-88,181
-13% -$44.2M
AMZN icon
13
Amazon
AMZN
$2.79T
$269M 2.36%
1,163,957
-190,610
-14% -$43.6M
SHEL icon
14
Shell
SHEL
$266B
$223M 1.96%
3,029,364
-241,133
-7% -$17.8M
CNI icon
15
Canadian National Railway
CNI
$74.6B
$212M 1.86%
2,143,651
-153,887
-7% -$14.8M
META icon
16
Meta Platforms (Facebook)
META
$1.57T
$205M 1.81%
311,238
-41,681
-12% -$27.8M
SE icon
17
Sea Limited
SE
$68.7B
$191M 1.68%
1,498,337
-64,277
-4% -$9.52M
NFLX icon
18
Netflix
NFLX
$326B
$180M 1.59%
1,924,053
-317,177
-14% -$34.2M
SONY icon
19
Sony
SONY
$143B
$180M 1.59%
7,042,473
-494,284
-7% -$13.9M
VRTX icon
20
Vertex Pharmaceuticals
VRTX
$138B
$178M 1.56%
391,865
-64,123
-14% -$27.6M
BKNG icon
21
Booking.com
BKNG
$145B
$174M 1.53%
810,225
-138,425
-15% -$28.5M
MFC icon
22
Manulife Financial
MFC
$73.5B
$172M 1.51%
4,727,041
-350,175
-7% -$11.9M
HLN icon
23
Haleon
HLN
$42.2B
$168M 1.48%
16,615,687
-1,293,714
-7% -$12.3M
RIO icon
24
Rio Tinto
RIO
$168B
$164M 1.45%
2,053,870
+166,174
+9% +$12M
BBVA icon
25
Banco Bilbao Vizcaya Argentaria
BBVA
$163B
$162M 1.43%
6,962,519
-1,796,154
-21% -$37.5M
1
2 3 4

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 Q4 2025 Portfolio in Review

As of Q4 2025, Harding Loevner held 79 positions worth $11.4B, down 17% from $13.6B the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Harding Loevner withdrew a net $2.48B in Q4 2025, closing 3 positions and reducing 55 holdings. Its most notable exit was Synopsys, an estimated $119M position sold in full.

By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 31% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Harding Loevner opened a new position in Equifax worth $69.7M.

  • Harding Loevner's largest Q4 2025 buy was Equifax: 321,343 shares worth $69.7M.
  • Harding Loevner added most to Vanguard FTSE All-World ex-US ETF in Q4 2025, an estimated $78.4M increase.
  • Harding Loevner's biggest Q4 2025 reduction was SAP, cutting an estimated $488M.
  • Harding Loevner fully exited Synopsys in Q4 2025, selling an estimated $119M.
  • Harding Loevner's ten largest holdings make up 47% of its $11.4B portfolio in Q4 2025.
  • Harding Loevner opened 8 new positions and closed 3 in Q4 2025.
  • Harding Loevner's portfolio value fell 17% quarter-over-quarter to $11.4B.

Based on Harding Loevner's 13F filing for Q4 2025, filed 17 Feb 2026.