Harding Loevner LP
CIK 0000928196
Annualised vol
7.288557%
Beta
0.318908
HHI
421.849032
Top-10 weight
51.866577%
VaR 95%
0.732597%
VaR 99%
1.279308%
Max drawdown
14.250015%
Matched value
59.284194%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| SPOT | NEW | 1,598,173 | - | - | 741,500,478 |
| BAP | REDUCED | 1,278,788 | 1,325,519 | -3.53% | 500,395,004 |
| RYAAY | REDUCED | 5,951,510 | 6,190,352 | -3.86% | 381,391,686 |
| MELI | REDUCED | 184,269 | 186,499 | -1.2% | 318,078,819 |
| SE | ADDED | 3,198,265 | 1,368,108 | 133.77% | 310,954,047 |
| NTES | REDUCED | 2,258,205 | 2,323,768 | -2.82% | 291,381,617 |
| HDB | REDUCED | 11,208,475 | 14,857,557 | -24.56% | 286,888,652 |
| SHEL | REDUCED | 2,810,624 | 2,865,428 | -1.91% | 237,359,307 |
| NICE | REDUCED | 2,523,392 | 2,533,246 | -0.39% | 233,516,971 |
| GOOGL | REDUCED | 649,331 | 908,305 | -28.51% | 232,036,451 |
| NVDA | REDUCED | 1,125,966 | 1,271,716 | -11.46% | 225,289,505 |
| AMZN | REDUCED | 870,587 | 1,123,897 | -22.54% | 207,494,363 |
| RIO | REDUCED | 1,941,326 | 1,971,227 | -1.52% | 186,124,394 |
| HLN | REDUCED | 15,414,796 | 15,712,550 | -1.9% | 147,817,757 |
| SONY | REDUCED | 6,468,686 | 6,636,707 | -2.53% | 139,514,398 |
| MSFT | REDUCED | 368,533 | 540,564 | -31.82% | 137,521,641 |
| META | REDUCED | 237,407 | 297,709 | -20.26% | 133,725,421 |
| NFLX | REDUCED | 1,451,884 | 1,862,573 | -22.05% | 103,667,683 |
| JNJ | ADDED | 377,680 | 352,800 | 7.05% | 95,921,741 |
| AVGO | REDUCED | 253,500 | 381,392 | -33.53% | 95,763,990 |
| NVS | REDUCED | 578,234 | 584,255 | -1.03% | 90,471,711 |
| V | REDUCED | 261,330 | 330,956 | -21.04% | 89,668,645 |
| GMAB | REDUCED | 3,086,318 | 3,231,601 | -4.5% | 86,898,395 |
| TMO | ADDED | 169,255 | 139,791 | 21.08% | 84,874,969 |
| AZN | ADDED | 442,676 | 410,787 | 7.76% | 79,888,157 |
| HEI | REDUCED | 223,476 | 287,673 | -22.32% | 79,602,077 |
| AAPL | NEW | 259,985 | - | - | 75,242,261 |
| AME | REDUCED | 308,154 | 378,705 | -18.63% | 74,555,833 |
| ABBV | REDUCED | 279,294 | 357,816 | -21.94% | 70,284,707 |
| SLB | REDUCED | 1,502,263 | 1,892,813 | -20.63% | 69,844,422 |
| BKNG | ADDED | 388,556 | 18,639 | 1984.64% | 69,263,859 |
| DE | REDUCED | 101,541 | 132,254 | -23.22% | 64,411,055 |
| JPM | NEW | 181,377 | - | - | 59,376,727 |
| ADBE | REDUCED | 243,380 | 314,634 | -22.65% | 49,910,338 |
| NEE | NEW | 516,580 | - | - | 45,340,805 |
| SAP | REDUCED | 281,110 | 359,225 | -21.75% | 43,635,073 |
| ATKR | REDUCED | 567,192 | 704,862 | -19.53% | 43,126,800 |
| EFX | REDUCED | 252,498 | 325,008 | -22.31% | 40,081,922 |
| HON | REDUCED | 156,577 | 408,185 | -61.64% | 35,060,855 |
| HONA | NEW | 156,581 | - | - | 34,613,657 |
| FN | REDUCED | 5,103 | 137,874 | -96.3% | 2,868,294 |
| XP | NEW | 162,616 | - | - | 2,644,136 |
| VIST | NEW | 34,131 | - | - | 2,177,558 |
| IBN | REDUCED | 71,873 | 72,269 | -0.55% | 2,097,797 |
| LIN | REDUCED | 4,069 | 5,502 | -26.05% | 2,023,235 |
| ALC | REDUCED | 13,603 | 22,645 | -39.93% | 912,761 |
| CME | CLOSED OUT | 0 | 338,257 | -100.0% | 0 |
| GLOB | CLOSED OUT | 0 | 21,599 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 | 1,348,678,169 | 12.68 | 2884195.0 | |
| SPOT | NEW | SPOTIFY TECHNOLOGY S A | SHS | L8681T102 | 741,500,478 | 6.97 | 1598173.0 |
| - | FOMENTO ECONOMICO MEXICANO S | SPON ADR UNITS | 344419106 | 688,657,070 | 6.48 | 5383731.0 | |
| - | CANADIAN NATL RY CO | COM | 136375102 | 648,387,603 | 6.1 | 5390831.0 | |
| BAP | REDUCED | CREDICORP LTD | COM | G2519Y108 | 500,395,004 | 4.7 | 1278788.0 |
| RYAAY | REDUCED | RYANAIR HOLDINGS PLC | SPONSORED ADR | 783513203 | 381,391,686 | 3.59 | 5951510.0 |
| MELI | REDUCED | MERCADOLIBRE INC | COM | 58733R102 | 318,078,819 | 2.99 | 184269.0 |
| SE | ADDED | SEA LTD | SPONSORD ADS | 81141R100 | 310,954,047 | 2.92 | 3198265.0 |
| NTES | REDUCED | NETEASE COM INC | SPONSORED ADS | 64110W102 | 291,381,617 | 2.74 | 2258205.0 |
| HDB | REDUCED | HDFC BANK LTD | SPONSORED ADS | 40415F101 | 286,888,652 | 2.7 | 1.1208475E7 |
| - | ASML HLDG NV | N Y REGISTRY SHS | N07059210 | 281,609,766 | 2.65 | 154841.0 | |
| SHEL | REDUCED | SHELL PLC | SPON ADS | 780259305 | 237,359,307 | 2.23 | 2810624.0 |
| - | MANULIFE FINL CORP | COM | 56501R106 | 236,734,066 | 2.23 | 5575714.0 | |
| NICE | REDUCED | NICE LTD | SPONSORED ADR | 653656108 | 233,516,971 | 2.2 | 2523392.0 |
| GOOGL | REDUCED | ALPHABET INC | CAP STK CL A | 02079K305 | 232,036,451 | 2.18 | 649331.0 |
| NVDA | REDUCED | NVIDIA CORPORATION | COM | 67066G104 | 225,289,505 | 2.12 | 1125966.0 |
| - | BANCO BILBAO VIZCAYA ARGENTA | SPONSORED ADR | 05946K101 | 222,247,358 | 2.09 | 8391515.0 | |
| AMZN | REDUCED | AMAZON COM INC | COM | 023135106 | 207,494,363 | 1.95 | 870587.0 |
| RIO | REDUCED | RIO TINTO PLC | SPONSORED ADR | 767204100 | 186,124,394 | 1.75 | 1941326.0 |
| HLN | REDUCED | HALEON PLC | SPON ADS | 405552100 | 147,817,757 | 1.39 | 1.5414796E7 |
| SONY | REDUCED | SONY GROUP CORP | SPONSORED ADR | 835699307 | 139,514,398 | 1.31 | 6468686.0 |
| MSFT | REDUCED | MICROSOFT CORP | COM | 594918104 | 137,521,641 | 1.29 | 368533.0 |
| META | REDUCED | META PLATFORMS INC | CL A | 30303M102 | 133,725,421 | 1.26 | 237407.0 |
| - | AMPHENOL CORP | CL A | 032095101 | 125,042,065 | 1.18 | 709282.0 | |
| - | REINSURANCE GROUP AMER INC | COM NEW | 759351604 | 116,429,307 | 1.09 | 547439.0 | |
| NFLX | REDUCED | NETFLIX INC. | COM | 64110L106 | 103,667,683 | 0.97 | 1451884.0 |
| - | PROGRESSIVE CORP | COM | 743315103 | 97,989,119 | 0.92 | 448571.0 | |
| JNJ | ADDED | JOHNSON & JOHNSON | COM | 478160104 | 95,921,741 | 0.9 | 377680.0 |
| AVGO | REDUCED | BROADCOM INC | COM | 11135F101 | 95,763,990 | 0.9 | 253500.0 |
| NVS | REDUCED | NOVARTIS AG | SPONSORED ADR | 66987V109 | 90,471,711 | 0.85 | 578234.0 |
| V | REDUCED | VISA INC | COM CL A | 92826C839 | 89,668,645 | 0.84 | 261330.0 |
| GMAB | REDUCED | GENMAB A/S | SPONSORED ADS | 372303206 | 86,898,395 | 0.82 | 3086318.0 |
| TMO | ADDED | THERMO FISHER SCIENTIFIC INC | COM | 883556102 | 84,874,969 | 0.8 | 169255.0 |
| - | NVENT ELEC PLC | SHS | G6700G107 | 84,262,516 | 0.79 | 496873.0 | |
| - | TRADEWEB MKTS INC | CL A | 892672106 | 84,029,568 | 0.79 | 843174.0 | |
| - | ITAU UNIBANCO HLDG S A | SPON ADR REP PFD | 465562106 | 81,245,519 | 0.76 | 9944372.0 | |
| AZN | ADDED | ASTRAZENECA PLC | ORD | G0593M107 | 79,888,157 | 0.75 | 442676.0 |
| HEI | REDUCED | HEICO CORP NEW | COM | 422806109 | 79,602,077 | 0.75 | 223476.0 |
| AAPL | NEW | APPLE INC | COM | 037833100 | 75,242,261 | 0.71 | 259985.0 |
| AME | REDUCED | AMETEK INC | COM | 031100100 | 74,555,833 | 0.7 | 308154.0 |
| ABBV | REDUCED | ABBVIE INC | COM | 00287Y109 | 70,284,707 | 0.66 | 279294.0 |
| SLB | REDUCED | SLB LIMITED | COM STK | 806857108 | 69,844,422 | 0.66 | 1502263.0 |
| BKNG | ADDED | BOOKING HOLDINGS INC | COM | 09857L108 | 69,263,859 | 0.65 | 388556.0 |
| - | ELEVANCE HEALTH INC FORMERLY | COM | 036752103 | 65,244,925 | 0.61 | 168707.0 | |
| DE | REDUCED | DEERE & CO | COM | 244199105 | 64,411,055 | 0.61 | 101541.0 |
| JPM | NEW | JPMORGAN CHASE & CO | COM | 46625H100 | 59,376,727 | 0.56 | 181377.0 |
| - | TELEKOMUNIKASI IND | SPONSORED ADR | 715684106 | 56,793,393 | 0.53 | 4053444.0 | |
| - | DANAHER CORP DEL | COM | 235851102 | 51,072,198 | 0.48 | 268109.0 | |
| ADBE | REDUCED | ADOBE INC | COM | 00724F101 | 49,910,338 | 0.47 | 243380.0 |
| NEE | NEW | NEXTERA ENERGY INC | COM | 65339F101 | 45,340,805 | 0.43 | 516580.0 |
| SAP | REDUCED | SAP SE | SPON ADR | 803054204 | 43,635,073 | 0.41 | 281110.0 |
| ATKR | REDUCED | ATKORE INC | COM | 047649108 | 43,126,800 | 0.41 | 567192.0 |
| EFX | REDUCED | EQUIFAX INC | COM | 294429105 | 40,081,922 | 0.38 | 252498.0 |
| - | ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | 37,706,443 | 0.35 | 302900.0 | |
| HON | REDUCED | HONEYWELL INTL INC | COM | 438516205 | 35,060,855 | 0.33 | 156577.0 |
| HONA | NEW | HONEYWELL AEROSPACE INC | COM | 43849R105 | 34,613,657 | 0.33 | 156581.0 |
| - | NORTHROP GRUMMAN CORP | COM | 666807102 | 31,569,748 | 0.3 | 61975.0 | |
| - | TENARIS S A | SPONSORED ADS | 88031M109 | 14,659,681 | 0.14 | 264186.0 | |
| - | ISHARES TR | MSCI ACWI ETF | 464288257 | 11,174,745 | 0.11 | 71188.0 | |
| - | KASPI KZ JSC | SPONSORED ADS | 48581R205 | 9,498,343 | 0.09 | 109630.0 | |
| - | GRUPO CIBEST SA | SPON ADS | 40090E106 | 9,253,516 | 0.09 | 116499.0 | |
| - | BHP BILLITON LIMITED | SPONSORED ADS | 088606108 | 7,094,657 | 0.07 | 85095.0 | |
| - | ISHARES TR | MSCI INDIA ETF | 46429B598 | 6,342,911 | 0.06 | 128425.0 | |
| - | VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 | 6,059,422 | 0.06 | 73137.0 | |
| FN | REDUCED | FABRINET | SHS | G3323L100 | 2,868,294 | 0.03 | 5103.0 |
| XP | NEW | XP INC | CL A | G98239109 | 2,644,136 | 0.02 | 162616.0 |
| - | EPAM SYS INC | COM | 29414B104 | 2,222,117 | 0.02 | 28004.0 | |
| VIST | NEW | VISTA ENERGY S.A.B. DE C.V. | SPONSORED ADS | 92837L109 | 2,177,558 | 0.02 | 34131.0 |
| IBN | REDUCED | ICICI BANK LIMITED | ADR | 45104G104 | 2,097,797 | 0.02 | 71873.0 |
| LIN | REDUCED | LINDE PLC | SHS | G54950103 | 2,023,235 | 0.02 | 4069.0 |
| - | ISHARES TR | MSCI ACWI EX US | 464288240 | 1,559,189 | 0.01 | 20486.0 | |
| - | SPDR SERIES TRUST | ST STR SW SERV | 78464A599 | 1,025,036 | 0.01 | 5609.0 | |
| ALC | REDUCED | ALCON AG | ORD SHS | H01301128 | 912,761 | 0.01 | 13603.0 |
| - | ISHARES TR | GBL COMM SVC ETF | 464287275 | 867,499 | 0.01 | 7544.0 | |
| - | VERTEX PHARMACEUTICALS INC | COM | 92532F100 | 577,661 | 0.01 | 1163.0 | |
| - | ISHARES TR | US TRSPRTION | 464287192 | 491,778 | 0.0 | 5791.0 | |
| - | VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | 468,178 | 0.0 | 6629.0 | |
| - | ISHARES TR | GLB CNS DISC ETF | 464288745 | 322,646 | 0.0 | 1611.0 | |
| - | APPLIED MATLS INC | COM | 038222105 | 312,351 | 0.0 | 432.0 | |
| - | FIDELITY COVINGTON TRUST | MSCI FINLS IDX | 316092501 | 293,886 | 0.0 | 3625.0 | |
| - | VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 | 225,553 | 0.0 | 1437.0 | |
| - | ISHARES TR | GLOB HLTHCRE ETF | 464287325 | 215,542 | 0.0 | 2150.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | 10,635,583,518 | 82 | 7.288557 | 0.318908 | 14.250015 |
| 2026-03-31 | 2026-05-15 | 9,719,238,805 | 73 | 6.400534 | 0.300757 | 9.212238 |
| 2025-12-31 | 2026-02-17 | 11,365,305,907 | 76 | 6.502558 | 0.299634 | 9.207942 |
| 2025-09-30 | 2025-11-14 | 13,632,184,106 | 71 | 6.796231 | 0.309995 | 9.552008 |
| 2025-03-31 | 2025-05-15 | 13,059,220,811 | 67 | 7.573167 | 0.357097 | 11.026938 |
| 2024-12-31 | 2025-02-14 | 14,799,691,495 | 67 | 8.969657 | 0.430835 | 14.787969 |