Harding Loevner LP
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 SPYHypothetical 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, 2025Top 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 |
|---|---|---|
| Technology | 29.6% | $2,840,215,960 |
| Financial Services | 17.9% | $1,716,477,292 |
| Industrials | 12.6% | $1,205,444,846 |
| Communication Services | 10.2% | $973,440,788 |
| Healthcare | 9.6% | $916,276,522 |
| Consumer Cyclical | 7.8% | $748,303,701 |
| Consumer Defensive | 6.4% | $617,355,441 |
| Energy | 4.0% | $380,794,942 |
| Basic Materials | 2.0% | $189,871,714 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
8 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|---|
| 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. | |||||
15 positions ·
$2,840,215,960 total
· Technology 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 | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
Technology
|
Reduced | 3,501,069 | $1,183,186,268 | 41.66% | |
| ASML |
Asml Holding NV
Technology
|
Reduced | 216,309 | $285,707,416 | 10.06% | |
| NICE |
NICE Ltd.
Technology
|
Reduced | 2,533,246 | $279,315,703 | 9.83% | |
| NVDA |
Nvidia Corp
Technology
|
Added | 1,271,716 | $221,787,270 | 7.81% | |
| MSFT |
Microsoft Corp
Technology
|
Reduced | 540,564 | $200,100,575 | 7.05% | |
| SONY |
Sony Group Corp
Technology
|
Reduced | 6,636,707 | $137,379,834 | 4.84% | |
| AVGO |
Broadcom Inc.
Technology
|
Reduced | 381,392 | $118,044,637 | 4.16% | |
| APH |
Amphenol Corp /De/
Technology
|
Reduced | 892,714 | $112,794,413 | 3.97% | |
| ACN |
Accenture plc
Technology
|
Reduced | 389,468 | $77,227,609 | 2.72% | |
| ADBE |
Adobe Inc.
Technology
|
Reduced | 314,634 | $76,481,232 | 2.69% | |
| FN |
Fabrinet
Technology
|
Reduced | 137,874 | $71,904,048 | 2.53% | |
| SAP |
Sap SE
Technology
|
Reduced | 359,225 | $61,502,912 | 2.17% | |
| KSPI |
Joint Stock Co Kaspi.kz
Technology
|
Reduced | 118,947 | $8,810,404 | 0.31% | |
| EPAM |
EPAM Systems, Inc.
Technology
|
Added | 36,763 | $4,977,710 | 0.18% | |
| GLOB |
Globant S.A.
Technology
|
Reduced | 21,599 | $995,929 | 0.04% |