Harding Loevner LP

CIK

928196

Location

Bridgewater, NJ

Portfolio Value

Small $189,871,714

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 · 30d

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

+45.9%

SPY

+76.3%

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

3 positions · $189,871,714 total · Basic Materials only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
RIO	Rio Tinto PLC Basic Materials	Reduced	1,971,227	-82,643	$183,895,766	+11.9%	96.85%
BHP	BHP Group Ltd Basic Materials	Reduced	44,656	-25,430	$3,248,277	−23.2%	1.71%
LIN	Linde PLC Basic Materials	Reduced	5,502	-4,284	$2,727,671	−34.6%	1.44%