Harding Loevner LP

CIK

928196

Location

Bridgewater, NJ

Portfolio Value

Mid $9,588,181,225

Diversification

Diversified

Filing Date

Global Rank

#429 / 8,623 ▼ 27 · as of Mar 2026

Top Industry

Semiconductors 15.9%

3Y Alpha vs SPY

-6.2%

Period ended 4 months ago

Filed May 15, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+45.6%

SPY

+65.3%

Annualised alpha

-4.9%

Max drawdown

−14.9%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

65 tracked 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%	$1,205,444,861	10
Communication Services	10.2%	$973,440,788	6
Healthcare	9.6%	$916,276,522	11
Consumer Cyclical	7.8%	$748,303,705	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 tracked positions · $9,588,181,225 total · filing declares 73 positions · $9,719,238,805 · 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	$92,262,070	+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	$78,476,154	−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%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.