Harding Loevner LP

CIK

928196

Location

Bridgewater, NJ

Portfolio Value

Mid $9,588,181,206

Diversification

Diversified

Filing Date

Global Rank

#306 / 8,232 ▲ 6

Top Industry

Semiconductors 15.9%

3Y Alpha vs SPY

-7.4%

Period ended 2 months ago

Filed May 15, 2026 · 29d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+46.2%

SPY

+76.5%

Annualised alpha

-7.4%

Max drawdown

−15.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

65 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

12.3%

+0.5 pts

Top 5

31.1%

−1.6 pts

Top 10

46.1%

−1.9 pts

HHI

369

Diversified−16

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	29.6%	$2,840,215,960	15
Financial Services	17.9%	$1,716,477,292	12
Industrials	12.6%	$1,205,444,846	10
Communication Services	10.2%	$973,440,788	6
Healthcare	9.6%	$916,276,522	11
Consumer Cyclical	7.8%	$748,303,701	4
Consumer Defensive	6.4%	$617,355,441	1
Energy	4.0%	$380,794,942	3
Basic Materials	2.0%	$189,871,714	3

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

8 positions

Ticker	Company	Δ Shares	Shares	Value
RYAAY	Ryanair Holdings PLC	+1,223,697	6,190,352	$357,802,345
CNI	Canadian National Railway Co	+697,809	2,841,460	$292,016,844
NVDA	Nvidia Corp	+412,390	1,271,716	$221,787,270
V	Visa Inc.	+91,369	330,956	$100,028,141
SLB	Slb Limited/Nv	+42,470	1,892,813	$97,271,660
EPAM	EPAM Systems, Inc.	+6,152	36,763	$4,977,710
EFX	Equifax Inc	+3,665	325,008	$58,524,190
HEI	Heico Corp	+3,278	287,673	$78,879,936
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
HDB	Hdfc Bank Ltd	−10,330,130	14,857,557	$369,656,018
ALC	Alcon Inc	−4,788,220	22,645	$1,706,300
HLN	Haleon plc	−903,137	15,712,550	$157,282,625
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−835,730	3,501,069	$1,183,186,268
BBVA	Banco Bilbao Vizcaya Argentaria, S.A.	−567,010	6,395,509	$138,526,724
SONY	Sony Group Corp	−405,766	6,636,707	$137,379,834
FMX	Mexican Economic Development Inc	−375,503	5,558,756	$617,355,441
TLK	Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk	−277,340	4,199,301	$78,442,942
CME	Cme Group Inc.	−255,021	338,257	$99,904,204
MFC	Manulife Financial Corp	−247,340	4,479,701	$154,280,902
IBN	Icici Bank Ltd	−227,049	72,269	$1,871,767
SHEL	Shell plc	−163,936	2,865,428	$266,484,804
NTES	NetEase, Inc.	−152,633	2,323,768	$260,122,589
GMAB	Genmab A/S	−138,542	3,231,601	$86,703,854
SE	Sea Ltd	−130,229	1,368,108	$113,293,023
GOOGL	Alphabet Inc.	−97,623	908,305	$261,192,185
BAP	Credicorp Ltd	−96,045	1,325,519	$449,589,534
ASML	Asml Holding NV	−85,453	216,309	$285,707,416
GLOB	Globant S.A.	−83,662	21,599	$995,929
RIO	Rio Tinto PLC	−82,643	1,971,227	$183,895,766
VRTX	Vertex Pharmaceuticals Inc / Ma	−78,319	313,546	$140,010,830
ITUB	Itau Unibanco Holding S.A.	−73,703	1,233,594	$10,337,517
APH	Amphenol Corp /De/	−61,645	892,714	$112,794,413
NFLX	Netflix Inc	−61,480	1,862,573	$179,086,393
MSFT	Microsoft Corp	−57,802	540,564	$200,100,575
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
RGA	Reinsurance Group Of America Inc	696,797	$142,258,075
AZN	Astrazeneca PLC	410,787	$81,015,412
NVT	nVent Electric plc	624,667	$73,885,612
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
CSGP	Costar Group, Inc.	920,272	$61,879,089
AMAT	Applied Materials Inc /De	809	$207,904
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

65 positions · $9,588,181,206 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology

Showing 1–50 of 65 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	3,501,069	-835,730	$1,183,186,268	−10.2%	12.34%
FMX	Mexican Economic Development Inc Consumer Defensive	Reduced	5,558,756	-375,503	$617,355,441	+2.9%	6.44%
BAP	Credicorp Ltd Financial Services	Reduced	1,325,519	-96,045	$449,589,534	+10.2%	4.69%
HDB	Hdfc Bank Ltd Financial Services	Reduced	14,857,557	-10,330,130	$369,656,018	−59.8%	3.86%
RYAAY	Ryanair Holdings PLC Industrials	Added	6,190,352	+1,223,697	$357,802,345	−0.2%	3.73%
MELI	Mercadolibre Inc Consumer Cyclical	Reduced	186,499	-10,017	$322,460,500	−18.5%	3.36%
CNI	Canadian National Railway Co Industrials	Added	2,841,460	+697,809	$292,016,844	+37.8%	3.05%
ASML	Asml Holding NV Technology	Reduced	216,309	-85,453	$285,707,416	−11.5%	2.98%
NICE	NICE Ltd. Technology	Reduced	2,533,246	-47,343	$279,315,703	−4.2%	2.91%
SHEL	Shell plc Energy	Reduced	2,865,428	-163,936	$266,484,804	+19.7%	2.78%
GOOGL	Alphabet Inc. Communication Services	Reduced	908,305	-97,623	$261,192,185	−17.0%	2.72%
NTES	NetEase, Inc. Communication Services	Reduced	2,323,768	-152,633	$260,122,589	−23.7%	2.71%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	1,123,897	-40,060	$234,074,028	−12.9%	2.44%
NVDA	Nvidia Corp Technology	Added	1,271,716	+412,390	$221,787,270	+38.4%	2.31%
MSFT	Microsoft Corp Technology	Reduced	540,564	-57,802	$200,100,575	−30.9%	2.09%
RIO	Rio Tinto PLC Basic Materials	Reduced	1,971,227	-82,643	$183,895,766	+11.9%	1.92%
NFLX	Netflix Inc Communication Services	Reduced	1,862,573	-61,480	$179,086,393	−0.7%	1.87%
META	Meta Platforms, Inc. Communication Services	Reduced	297,709	-13,529	$170,328,250	−17.1%	1.78%
HLN	Haleon plc Healthcare	Reduced	15,712,550	-903,137	$157,282,625	−6.4%	1.64%
MFC	Manulife Financial Corp Financial Services	Reduced	4,479,701	-247,340	$154,280,902	−10.0%	1.61%
RGA	Reinsurance Group Of America Inc Financial Services	NEW	696,797	NEW	$142,258,075	NEW	1.48%
VRTX	Vertex Pharmaceuticals Inc / Ma Healthcare	Reduced	313,546	-78,319	$140,010,830	−21.2%	1.46%
BBVA	Banco Bilbao Vizcaya Argentaria, S.A. Financial Services	Reduced	6,395,509	-567,010	$138,526,724	−14.6%	1.44%
SONY	Sony Group Corp Technology	Reduced	6,636,707	-405,766	$137,379,834	−23.8%	1.43%
TW	Tradeweb Markets Inc. Financial Services	Reduced	1,085,069	-36,116	$127,669,218	+5.9%	1.33%
AVGO	Broadcom Inc. Technology	Reduced	381,392	-12,371	$118,044,637	−13.4%	1.23%
SE	Sea Ltd Consumer Cyclical	Reduced	1,368,108	-130,229	$113,293,023	−40.7%	1.18%
PGR	Progressive Corp/Oh/ Financial Services	Reduced	570,524	-16,617	$113,100,677	−15.4%	1.18%
APH	Amphenol Corp /De/ Technology	Reduced	892,714	-61,645	$112,794,413	−12.5%	1.18%
V	Visa Inc. Financial Services	Added	330,956	+91,369	$100,028,141	+19.0%	1.04%
CME	Cme Group Inc. Financial Services	Reduced	338,257	-255,021	$99,904,204	−38.3%	1.04%
SLB	Slb Limited/Nv Energy	Added	1,892,813	+42,470	$97,271,660	+37.0%	1.01%
HON	Honeywell International Inc Industrials	Reduced	408,185	-29,913	$92,262,055	+7.9%	0.96%
NVS	Novartis AG Healthcare	Reduced	584,255	-19,132	$89,244,951	+7.3%	0.93%
GMAB	Genmab A/S Healthcare	Reduced	3,231,601	-138,542	$86,703,854	−16.5%	0.90%
JNJ	Johnson & Johnson Healthcare	Reduced	352,800	-12,229	$86,238,432	+14.2%	0.90%
AME	Ametek Inc/ Industrials	Reduced	378,705	-42,985	$81,179,203	−6.2%	0.85%
AZN	Astrazeneca PLC Healthcare	NEW	410,787	NEW	$81,015,412	NEW	0.84%
HEI	Heico Corp Industrials	Added	287,673	+3,278	$78,879,936	−14.3%	0.82%
BKNG	Booking Holdings Inc. Consumer Cyclical	Reduced	18,639	-13,770	$78,476,150	−54.8%	0.82%
TLK	Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk Communication Services	Reduced	4,199,301	-277,340	$78,442,942	−16.8%	0.82%
ABBV	AbbVie Inc. Healthcare	Reduced	357,816	-13,017	$77,821,401	−8.2%	0.81%
ACN	Accenture plc Technology	Reduced	389,468	-20,047	$77,227,609	−29.7%	0.81%
ADBE	Adobe Inc. Technology	Reduced	314,634	-13,850	$76,481,232	−33.5%	0.80%
DE	Deere & Co Industrials	Reduced	132,254	-10,089	$74,498,678	+12.4%	0.78%
NVT	nVent Electric plc Industrials	NEW	624,667	NEW	$73,885,612	NEW	0.77%
FN	Fabrinet Technology	Reduced	137,874	-1,813	$71,904,048	+13.1%	0.75%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	139,791	-5,234	$68,711,470	−18.2%	0.72%
DHR	Danaher Corp /De/ Healthcare	Reduced	345,598	-15,325	$65,525,380	−20.7%	0.68%
ELV	Elevance Health, Inc. Healthcare	Reduced	211,839	-8,886	$62,015,867	−19.9%	0.65%