Harding Loevner LP
Long book
$9.72B
Q1 2026
Positions
73
Top-10 weight
46%
concentration
Last quarter
+11.4%
SPY +14.8%
Turnover
11%
of book per quarter
Strategy in plain words
auto-generated from filingsHarding Loevner LP is a diversified fundamental manager, running a $9.72B US long book across 73 positions.
The portfolio is moderately concentrated (top 10 ≈ 46% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: TAIWAN SEMICONDUCTOR-SP ADR, FOMENTO ECONOMICO MEX-SP ADR, CREDICORP LTD, HDFC BANK LTD-ADR, RYANAIR HOLDINGS PLC-SP ADR.
Over the last 9 quarters its long book ran on average 1.2pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.1%
Q2 2024
+5.6%
Q3 2024
-1.2%
Q4 2024
+0.1%
Q1 2025
+11.9%
Q2 2025
+2.1%
Q3 2025
+1.8%
Q4 2025
-4.3%
Q1 2026
+11.4%
Sector allocation
Technology 29%
Financials 22%
Industrials 19%
Services media 14%
Healthcare 7%
Consumer discretionary 5%
Energy 2%
Other 1%
Long book by quarter
What does Harding Loevner own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BAP CREDICORP LTD | Financials | 1.3M | $449.6M | 4.6% | -6.8% |
| MELI MERCADOLIBRE INC | Services media | 186.5K | $322.6M | 3.3% | -5.1% |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 2.8M | $292.1M | 3.0% | +32.6% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 216.3K | $285.8M | 2.9% | -28.3% |
| GOOGL ALPHABET INC-CL A | Technology | 908.3K | $261.2M | 2.7% | -9.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.1M | $234.1M | 2.4% | -3.4% |
| NVDA NVIDIA CORP | Technology | 1.3M | $221.8M | 2.3% | +48.0% |
| MSFT MICROSOFT CORP | Technology | 540.6K | $200.1M | 2.1% | -9.7% |
| NFLX NETFLIX INC | Services media | 1.9M | $179.1M | 1.8% | -3.2% |
| META META PLATFORMS INC-CLASS A | Technology | 297.7K | $170.4M | 1.8% | -4.3% |
| MFC MANULIFE FINANCIAL CORP | Financials | 4.5M | $154.4M | 1.6% | -5.2% |
| RGA REINSURANCE GROUP OF AMERICA | Financials | 696.8K | $142.3M | 1.5% | New |
| VRTX VERTEX PHARMACEUTICALS INC | Healthcare | 313.5K | $140.0M | 1.4% | -20.0% |
| TW TRADEWEB MARKETS INC-CLASS A | Financials | 1.1M | $127.7M | 1.3% | -3.2% |
| AVGO BROADCOM INC | Technology | 381.4K | $118.1M | 1.2% | -3.1% |
| PGR PROGRESSIVE CORP | Financials | 570.5K | $113.1M | 1.2% | -2.8% |
| APH AMPHENOL CORP-CL A | Technology | 892.7K | $112.8M | 1.2% | -6.5% |
| V VISA INC-CLASS A SHARES | Services media | 331.0K | $100.0M | 1.0% | +38.1% |
| CME CME GROUP INC | Financials | 338.3K | $99.9M | 1.0% | -43.0% |
| SLB SLB LTD | Energy | 1.9M | $97.3M | 1.0% | +2.3% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 408.2K | $92.3M | 0.9% | -6.8% |
| JNJ JOHNSON & JOHNSON | Healthcare | 352.8K | $86.2M | 0.9% | -3.4% |
| AME AMETEK INC | Technology | 378.7K | $81.2M | 0.8% | -10.2% |
| AZN ASTRAZENECA PLC | Healthcare | 410.8K | $80.5M | 0.8% | New |
| HEI HEICO CORP | Industrials | 287.7K | $78.9M | 0.8% | +1.2% |
| BKNG BOOKING HOLDINGS INC | Industrials | 18.6K | $78.5M | 0.8% | -42.5% |
| ABBV ABBVIE INC | Healthcare | 357.8K | $77.8M | 0.8% | -3.5% |
| ACN ACCENTURE PLC-CL A | Services media | 389.5K | $77.2M | 0.8% | -4.9% |
| ADBE ADOBE INC | Technology | 314.6K | $76.5M | 0.8% | -4.2% |
| DE DEERE & CO | Industrials | 132.3K | $74.5M | 0.8% | -7.1% |
| NVT NVENT ELECTRIC PLC | Industrials | 624.7K | $73.9M | 0.8% | New |
| FN FABRINET | Technology | 137.9K | $71.9M | 0.7% | -1.3% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 139.8K | $68.7M | 0.7% | -3.6% |
| DHR DANAHER CORP | Technology | 345.6K | $65.5M | 0.7% | -4.2% |
| ELV ELEVANCE HEALTH INC | Financials | 211.8K | $62.0M | 0.6% | -4.0% |
| EFX EQUIFAX INC | Services media | 325.0K | $58.5M | 0.6% | +1.1% |
| NOC NORTHROP GRUMMAN CORP | Technology | 80.4K | $54.9M | 0.6% | -10.4% |
| ATKR ATKORE INC | Technology | 704.9K | $41.5M | 0.4% | -3.8% |
| TTD TRADE DESK INC/THE -CLASS A | Technology | 1.1M | $24.3M | 0.2% | -2.6% |
| EPAM EPAM SYSTEMS INC | Technology | 36.8K | $5.0M | 0.1% | +20.1% |
| LIN LINDE PLC | Materials | 5.5K | $2.7M | 0.0% | -43.8% |
| ALC ALCON INC | Healthcare | 22.6K | $1.7M | 0.0% | -99.5% |
| GLOB GLOBANT SA | Technology | 21.6K | $996K | 0.0% | -79.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 73 | $9.72B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 76 | $11.37B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 71 | $13.63B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 68 | $14.86B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 67 | $13.06B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 67 | $14.80B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 67 | $17.33B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 70 | $18.12B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 69 | $16.20B | canonical | SEC ↗ |
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