Harding Loevner LP
Bridgewater, NJ
$10.6bn in 82 US stocks at the end of 30 June 2026. The top 10 are 51.9% of the money. It changed about 17.2% of the portfolio this quarter.
Value
$10.6bn
Stocks
82
Top 10 share
51.9%
Turnover
17.2%
What changed this quarter
New
Bought for the first time this quarter.
- Spotify TechnologySPOT7.0% of the fund
- AppleAAPL0.7% of the fund
- JPMorgan ChaseJPM0.6% of the fund
- NextEra EnergyNEE0.4% of the fund
- Honeywell InternationalHON0.3% of the fund
- Honeywell AerospaceHONA0.3% of the fund
- XPXP<0.1% of the fund
- Vista Energy S.A.B. de C.V.VIST<0.1% of the fund
- Spdr Series TrustXSW<0.1% of the fund
- Ishares TRIXP<0.1% of the fund
- Ishares TRIYT<0.1% of the fund
- Ishares TRRXI<0.1% of the fund
- Applied MaterialsAMAT<0.1% of the fund
- Fidelity Covington TrustFNCL<0.1% of the fund
- Ishares TRIXJ<0.1% of the fund
Added
Bought more of a stock they already held.
- Canadian National RailwayCNI6.1% of the fund+90%
- SeaSE2.9% of the fund+134%
- Manulife FinancialMFC2.2% of the fund+24%
- Banco Bilbao Vizcaya ArgentariaBBVA2.1% of the fund+31%
- Johnson & JohnsonJNJ0.9% of the fund+7%
- Thermo Fisher ScientificTMO0.8% of the fund+21%
- Itau Unibanco Hldg S AITUB0.8% of the fund+706%
- AstrazenecaAZN0.8% of the fund+8%
- BHP Billiton LimitedBHP<0.1% of the fund+91%
Cut
Sold some of their stake.
- Taiwan Semiconductor ManufacturingTSM12.7% of the fund-18%
- Mexican Economic DevelopmentFMX6.5% of the fund-3%
- CredicorpBAP4.7% of the fund-4%
- Ryanair HoldingsRYAAY3.6% of the fund-4%
- Netease.comNTES2.7% of the fund-3%
- HDFC BankHDB2.7% of the fund-25%
- ASML Holding NVASML2.6% of the fund-28%
- AlphabetGOOGL2.2% of the fund-29%
- NvidiaNVDA2.1% of the fund-11%
- Amazon.comAMZN2.0% of the fund-23%
- Sony GroupSONY1.3% of the fund-3%
- MicrosoftMSFT1.3% of the fund-32%
- Meta PlatformsMETA1.3% of the fund-20%
- AmphenolAPH1.2% of the fund-21%
- Reinsurance Group of AmericaRGA1.1% of the fund-21%
- NetflixNFLX1.0% of the fund-22%
- ProgressivePGR0.9% of the fund-21%
- BroadcomAVGO0.9% of the fund-34%
- VisaV0.8% of the fund-21%
- Genmab A/SGMAB0.8% of the fund-5%
- nVent ElectricNVT0.8% of the fund-20%
- Tradeweb MarketsTW0.8% of the fund-22%
- HeicoHEI0.7% of the fund-22%
- AmetekAME0.7% of the fund-19%
- AbbVieABBV0.7% of the fund-22%
Sold out
Sold their entire stake.
- CME GroupCME-100%
- Honeywell InternationalHON-100%
- Trade DeskTTD-100%
- GlobantGLOB-100%
- Ishares TREFA-100%
- Ishares TREFG-100%
Holdings
- Canadian National RailwayCNI
- Share
- 6.1%
- Value
- $648m
- Shares
- 5,390,831
+90%
- Ryanair HoldingsRYAAY
- Share
- 3.6%
- Value
- $381m
- Shares
- 5,951,510
-4%
- SeaSE
- Share
- 2.9%
- Value
- $311m
- Shares
- 3,198,265
+134%
- Netease.comNTES
- Share
- 2.7%
- Value
- $291m
- Shares
- 2,258,205
-3%
- ShellSHEL
- Share
- 2.2%
- Value
- $237m
- Shares
- 2,810,624
Held
- Manulife FinancialMFC
- Share
- 2.2%
- Value
- $237m
- Shares
- 5,575,714
+24%
- NiceNICE
- Share
- 2.2%
- Value
- $234m
- Shares
- 2,523,392
Held
- HaleonHLN
- Share
- 1.4%
- Value
- $148m
- Shares
- 15,414,796
Held
- Sony GroupSONY
- Share
- 1.3%
- Value
- $140m
- Shares
- 6,468,686
-3%
- Genmab A/SGMAB
- Share
- 0.8%
- Value
- $87m
- Shares
- 3,086,318
-5%
- Itau Unibanco Hldg S AITUB
- Share
- 0.8%
- Value
- $81m
- Shares
- 9,944,372
+706%
- Honeywell AerospaceHONA
- Share
- 0.3%
- Value
- $35m
- Shares
- 156,581
New
- Tenaris S ATS
- Share
- 0.1%
- Value
- $15m
- Shares
- 264,186
-10%
- Ishares TRACWI
- Share
- 0.1%
- Value
- $11m
- Shares
- 71,188
-25%
- Grupo Cibest SACIB
- Share
- <0.1%
- Value
- $9m
- Shares
- 116,499
-8%
- BHP Billiton LimitedBHP
- Share
- <0.1%
- Value
- $7m
- Shares
- 85,095
+91%
- Ishares TRINDA
- Share
- <0.1%
- Value
- $6m
- Shares
- 128,425
-12%
- Vanguard Intl Equity Index FVEU
- Share
- <0.1%
- Value
- $6m
- Shares
- 73,137
-95%
- Vista Energy S.A.B. de C.V.VIST
- Share
- <0.1%
- Value
- $2m
- Shares
- 34,131
New
- Ishares TRACWX
- Share
- <0.1%
- Value
- $2m
- Shares
- 20,486
-54%
- Spdr Series TrustXSW
- Share
- <0.1%
- Value
- $1m
- Shares
- 5,609
New
- Ishares TRIXP
- Share
- <0.1%
- Value
- $867,499
- Shares
- 7,544
New
- Ishares TRIYT
- Share
- <0.1%
- Value
- $491,778
- Shares
- 5,791
New
- Vanguard Tax-Managed FDSVEA
- Share
- <0.1%
- Value
- $468,178
- Shares
- 6,629
-74%
- Ishares TRRXI
- Share
- <0.1%
- Value
- $322,646
- Shares
- 1,611
New
- Fidelity Covington TrustFNCL
- Share
- <0.1%
- Value
- $293,886
- Shares
- 3,625
New
- Vanguard Intl Equity Index FVT
- Share
- <0.1%
- Value
- $225,553
- Shares
- 1,437
-12%
- Ishares TRIXJ
- Share
- <0.1%
- Value
- $215,542
- Shares
- 2,150
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Taiwan Semiconductor ManufacturingTSM | 12.7% | $1.3bn | 2,884,195 | -18% |
| Spotify TechnologySPOT | 7.0% | $742m | 1,598,173 | New |
| Mexican Economic DevelopmentFMX | 6.5% | $689m | 5,383,731 | -3% |
| Canadian National RailwayCNI | 6.1% | $648m | 5,390,831 | +90% |
| CredicorpBAP | 4.7% | $500m | 1,278,788 | -4% |
| Ryanair HoldingsRYAAY | 3.6% | $381m | 5,951,510 | -4% |
| MercadoLibreMELI | 3.0% | $318m | 184,269 | Held |
| SeaSE | 2.9% | $311m | 3,198,265 | +134% |
| Netease.comNTES | 2.7% | $291m | 2,258,205 | -3% |
| HDFC BankHDB | 2.7% | $287m | 11,208,475 | -25% |
| ASML Holding NVASML | 2.6% | $282m | 154,841 | -28% |
| ShellSHEL | 2.2% | $237m | 2,810,624 | Held |
| Manulife FinancialMFC | 2.2% | $237m | 5,575,714 | +24% |
| NiceNICE | 2.2% | $234m | 2,523,392 | Held |
| AlphabetGOOGL | 2.2% | $232m | 649,331 | -29% |
| NvidiaNVDA | 2.1% | $225m | 1,125,966 | -11% |
| Banco Bilbao Vizcaya ArgentariaBBVA | 2.1% | $222m | 8,391,515 | +31% |
| Amazon.comAMZN | 2.0% | $207m | 870,587 | -23% |
| Rio TintoRIO | 1.8% | $186m | 1,941,326 | Held |
| HaleonHLN | 1.4% | $148m | 15,414,796 | Held |
| Sony GroupSONY | 1.3% | $140m | 6,468,686 | -3% |
| MicrosoftMSFT | 1.3% | $138m | 368,533 | -32% |
| Meta PlatformsMETA | 1.3% | $134m | 237,407 | -20% |
| AmphenolAPH | 1.2% | $125m | 709,282 | -21% |
| Reinsurance Group of AmericaRGA | 1.1% | $116m | 547,439 | -21% |
| NetflixNFLX | 1.0% | $104m | 1,451,884 | -22% |
| ProgressivePGR | 0.9% | $98m | 448,571 | -21% |
| Johnson & JohnsonJNJ | 0.9% | $96m | 377,680 | +7% |
| BroadcomAVGO | 0.9% | $96m | 253,500 | -34% |
| Novartis AGNVS | 0.9% | $90m | 578,234 | Held |
| VisaV | 0.8% | $90m | 261,330 | -21% |
| Genmab A/SGMAB | 0.8% | $87m | 3,086,318 | -5% |
| Thermo Fisher ScientificTMO | 0.8% | $85m | 169,255 | +21% |
| nVent ElectricNVT | 0.8% | $84m | 496,873 | -20% |
| Tradeweb MarketsTW | 0.8% | $84m | 843,174 | -22% |
| Itau Unibanco Hldg S AITUB | 0.8% | $81m | 9,944,372 | +706% |
| AstrazenecaAZN | 0.8% | $80m | 442,676 | +8% |
| HeicoHEI | 0.7% | $80m | 223,476 | -22% |
| AppleAAPL | 0.7% | $75m | 259,985 | New |
| AmetekAME | 0.7% | $75m | 308,154 | -19% |
| AbbVieABBV | 0.7% | $70m | 279,294 | -22% |
| SLB LimitedSLB | 0.7% | $70m | 1,502,263 | -21% |
| Booking HoldingsBKNG | 0.7% | $69m | 388,556 | -17% |
| Elevance HealthELV | 0.6% | $65m | 168,707 | -20% |
| DeereDE | 0.6% | $64m | 101,541 | -23% |
| JPMorgan ChaseJPM | 0.6% | $59m | 181,377 | New |
| Perusahaan Perseroan Persero PT Telekomunikasi Indonesia TBKTLK | 0.5% | $57m | 4,053,444 | -3% |
| DanaherDHR | 0.5% | $51m | 268,109 | -22% |
| AdobeADBE | 0.5% | $50m | 243,380 | -23% |
| NextEra EnergyNEE | 0.4% | $45m | 516,580 | New |
| SAP SESAP | 0.4% | $44m | 281,110 | -22% |
| AtkoreATKR | 0.4% | $43m | 567,192 | -20% |
| EquifaxEFX | 0.4% | $40m | 252,498 | -22% |
| AccentureACN | 0.4% | $38m | 302,900 | -22% |
| Honeywell InternationalHON | 0.3% | $35m | 156,577 | New |
| Honeywell AerospaceHONA | 0.3% | $35m | 156,581 | New |
| Northrop GrummanNOC | 0.3% | $32m | 61,975 | -23% |
| Tenaris S ATS | 0.1% | $15m | 264,186 | -10% |
| Ishares TRACWI | 0.1% | $11m | 71,188 | -25% |
| Joint Stock Co Kaspi.kzKSPI | <0.1% | $9m | 109,630 | -8% |
| Grupo Cibest SACIB | <0.1% | $9m | 116,499 | -8% |
| BHP Billiton LimitedBHP | <0.1% | $7m | 85,095 | +91% |
| Ishares TRINDA | <0.1% | $6m | 128,425 | -12% |
| Vanguard Intl Equity Index FVEU | <0.1% | $6m | 73,137 | -95% |
| FabrinetFN | <0.1% | $3m | 5,103 | -96% |
| XPXP | <0.1% | $3m | 162,616 | New |
| EPAM SystemsEPAM | <0.1% | $2m | 28,004 | -24% |
| Vista Energy S.A.B. de C.V.VIST | <0.1% | $2m | 34,131 | New |
| Icici BankIBN | <0.1% | $2m | 71,873 | Held |
| LindeLIN | <0.1% | $2m | 4,069 | -26% |
| Ishares TRACWX | <0.1% | $2m | 20,486 | -54% |
| Spdr Series TrustXSW | <0.1% | $1m | 5,609 | New |
| AlconALC | <0.1% | $912,761 | 13,603 | -40% |
| Ishares TRIXP | <0.1% | $867,499 | 7,544 | New |
| Vertex PharmaceuticalsVRTX | <0.1% | $577,661 | 1,163 | -100% |
| Ishares TRIYT | <0.1% | $491,778 | 5,791 | New |
| Vanguard Tax-Managed FDSVEA | <0.1% | $468,178 | 6,629 | -74% |
| Ishares TRRXI | <0.1% | $322,646 | 1,611 | New |
| Applied MaterialsAMAT | <0.1% | $312,351 | 432 | New |
| Fidelity Covington TrustFNCL | <0.1% | $293,886 | 3,625 | New |
| Vanguard Intl Equity Index FVT | <0.1% | $225,553 | 1,437 | -12% |
| Ishares TRIXJ | <0.1% | $215,542 | 2,150 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 28.4% since 30 June 2025.
Where the money is
Technology23.6%
Industrials16.5%
Financial services16.0%
Media & telecom11.9%
Everyday goods6.5%
Health care5.1%
Retail & consumer2.6%
Materials1.8%
Energy0.7%
Utilities0.4%
Other15.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.