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Harding Loevner LP

SEC CIK
0000928196
Latest filing
Aug 14, 2026

Holdings in Q2 2023

Holdings as of Jun 30, 2023, filed Aug 14, 2023. Long positions only; changes compare share counts with Q1 2023.

Institution overview
Positions
69
−5 vs. Q1 2023
Portfolio value
$17.1B
−$438.7M (−2.5%) vs. Q1 2023
Filed
Aug 14, 2023
SEC
Holdings of Harding Loevner LP in Q2 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR9,960,411$1.01B5.9%−761,376−7.1%ReducedHistory
FMXMexican Economic Development IncSPON ADR UNITS8,594,011$952.6M5.6%−450,686−5.0%ReducedHistory
SAPSAP SEADR5,714,011$781.7M4.6%−326,627−5.4%ReducedHistory
ALCAlcon IncStock9,498,428$779.9M4.6%−466,885−4.7%ReducedHistory
BHPBHP Group LtdADR11,300,081$674.3M3.9%−297,290−2.6%ReducedHistory
HDBHDFC Bank LtdSPONSORED ADS9,339,982$651.0M3.8%−960,251−9.3%ReducedHistory
VRTXVertex Pharmaceuticals IncStock1,538,270$541.3M3.2%−288,354−15.8%ReducedHistory
GOOGLAlphabet Inc.Stock4,272,295$511.4M3.0%−818,391−16.1%ReducedHistory
LINLinde PLCStock1,233,628$470.1M2.7%+252,623+25.8%AddedHistory
AMZNAmazon Com IncStock3,474,130$452.9M2.6%+414,597+13.6%AddedHistory
METAMeta Platforms, Inc.Stock1,542,895$442.8M2.6%−293,628−16.0%ReducedHistory
DEDeere & CoStock1,023,604$414.8M2.4%−192,359−15.8%ReducedHistory
MSFTMicrosoft CorpStock1,128,527$384.3M2.2%−214,527−16.0%ReducedHistory
ABEVAmbev S.A.SPONSORED ADR116,526,981$370.6M2.2%−4,783,354−3.9%ReducedHistory
CNICanadian National Railway CoStock3,027,583$366.5M2.1%−68,974−2.2%ReducedHistory
IBNIcici Bank LtdADR15,406,752$355.6M2.1%−465,991−2.9%ReducedHistory
DHRDanaher CorpStock1,371,787$329.2M1.9%+603,050+78.4%AddedHistory
ROKRockwell Automation, IncStock964,497$317.8M1.9%−173,470−15.2%ReducedHistory
XPXP Inc.CL A13,544,391$317.8M1.9%−1,020,275−7.0%ReducedHistory
BAPCredicorp LtdCOM2,103,079$310.5M1.8%+1,411,945+204.3%AddedHistory
UNHUnitedHealth Group IncStock598,394$287.6M1.7%−113,719−16.0%ReducedHistory
CMECME Group Inc.COM1,454,946$269.6M1.6%−224,674−13.4%ReducedHistory
NFLXNetflix IncStock603,033$265.6M1.6%−43,601−6.7%ReducedHistory
Abcam PLC000380204ADS10,687,444$261.5M1.5%−3,053,728−22.2%Reduced–
AMEAmetek IncCOM1,575,689$255.1M1.5%−491,227−23.8%ReducedHistory
ASMLASML Holding NVADR341,950$247.8M1.4%−63,056−15.6%ReducedHistory
TMOThermo Fisher Scientific Inc.Stock452,766$236.2M1.4%−85,424−15.9%ReducedHistory
ACNAccenture plcStock734,898$226.8M1.3%−246,249−25.1%ReducedHistory
CRMSalesforce, Inc.Stock1,066,078$225.2M1.3%−210,389−16.5%ReducedHistory
AVGOBroadcom Inc.Stock256,013$222.1M1.3%−84,121−24.7%ReducedHistory
ADBEAdobe Inc.Stock436,153$213.3M1.2%−82,668−15.9%ReducedHistory
SLBSLB LimitedStock4,243,847$208.5M1.2%−820,864−16.2%ReducedHistory
SNPSSynopsys IncCOM474,823$206.7M1.2%−443,810−48.3%ReducedHistory
ISRGIntuitive Surgical IncCOM NEW574,713$196.5M1.1%−111,771−16.3%ReducedHistory
MFCManulife Financial CorpCOM10,380,358$196.3M1.1%+1,997,743+23.8%AddedHistory
AAPLApple Inc.Stock1,005,462$195.0M1.1%−195,283−16.3%ReducedHistory
NVDANVIDIA CorpStock447,659$189.4M1.1%−239,858−34.9%ReducedHistory
COSTCostco Wholesale CorpStock333,439$179.5M1.0%−75,134−18.4%ReducedHistory
CSGPCostar Group, Inc.COM2,010,559$178.9M1.0%−385,224−16.1%ReducedHistory
NOWServiceNow, Inc.Stock314,557$176.8M1.0%−60,599−16.2%ReducedHistory
SHELShell plcADR2,753,674$166.3M1.0%−90,157−3.2%ReducedHistory
PINSPinterest, Inc.CL A6,074,105$166.1M1.0%−1,144,455−15.9%ReducedHistory
EWEdwards Lifesciences CorpStock1,693,949$159.8M0.9%−332,877−16.4%ReducedHistory
TWTradeweb Markets Inc.Stock2,317,967$158.7M0.9%−440,520−16.0%ReducedHistory
BBVABanco Bilbao Vizcaya Argentaria, S.A.SPONSORED ADR20,661,234$158.7M0.9%−533,994−2.5%ReducedHistory
ELEstee Lauder Companies IncCL A793,141$155.8M0.9%+793,141NewHistory
AMATApplied Materials IncStock1,075,639$155.5M0.9%−204,570−16.0%ReducedHistory
RIORio Tinto PLCADR2,396,439$153.0M0.9%−81,403−3.3%ReducedHistory
NKENIKE, Inc.Stock1,185,877$130.9M0.8%−959,054−44.7%ReducedHistory
TLKPerusahaan Perseroan Persero PT Telekomunikasi Indonesia TBKSPONSORED ADR4,658,347$124.2M0.7%−148,976−3.1%ReducedHistory
NOCNorthrop Grumman CorpStock259,183$118.1M0.7%−2,257−0.9%ReducedHistory
ABBVAbbVie Inc.Stock847,893$114.2M0.7%−159,424−15.8%ReducedHistory
HLNHaleon plcADR13,260,374$111.1M0.6%+3,554,361+36.6%AddedHistory
TSTenaris SASPONSORED ADS3,096,501$92.7M0.5%+275,341+9.8%AddedHistory
ITUBItau Unibanco Holding S.A.SPON ADR REP PFD12,008,535$70.9M0.4%−4,266,030−26.2%ReducedHistory
EPAMEPAM Systems, Inc.COM250,624$56.3M0.3%−13,554−5.1%ReducedHistory
ZTOZTO Express (Cayman) Inc.SPONSORED ADS A2,167,649$54.4M0.3%−884,265−29.0%ReducedHistory
Vanguard Ftse All-World Ex-US Index Fund922042775ETF630,582$34.3M0.2%−213,755−25.3%Reduced–
CIBGrupo Cibest S.A.SPON ADR PREF1,035,570$27.6M0.2%−381,328−26.9%ReducedHistory
iShares MSCI India ETF46429B598ETF497,596$21.7M0.1%−95,325−16.1%Reduced–
BABAAlibaba Group Holding LtdADR170,708$14.2M0.1%−79,108−31.7%ReducedHistory
GMABGenmab A/SSPONSORED ADS168,121$6.39M<0.1%−2,029−1.2%ReducedHistory
SONYSony Group CorpSPONSORED ADR44,090$3.97M<0.1%+44,090NewHistory
STSensata Technologies Holding plcSHS70,017$3.15M<0.1%−2,157−3.0%ReducedHistory
iShares Tr464288257MSCI ACWI ETF11,070$1.06M<0.1%−13,911−55.7%Reduced–
Vanguard Ftse Developed Markets ETF921943858ETF9,953$459.6K<0.1%−448−4.3%Reduced–
SANBanco Santander, S.A.ADR49,212$182.6K<0.1%00.0%UnchangedHistory
NBISNebius Group N.V.Stock7,173,854$180.5K<0.1%−742,026−9.4%ReducedHistory
BBDBank BradescoSP ADR PFD NEW15,761$54.5K<0.1%−24,217,390−99.9%ReducedHistory

Sold out since Q1 2023 (7)

Positions held at the end of Q1 2023 that are gone from this filing.

Positions of Harding Loevner LP sold out since Q1 2023
SecurityClassShares in Q1 2023Value in Q1 2023% of portfolio in Q1 2023History
ILMNIllumina, Inc.COM1,089,880$253.4M1.4%History
TTDTrade Desk, Inc.Stock2,685,907$163.6M0.9%History
PYPLPayPal Holdings, Inc.Stock2,111,005$160.3M0.9%History
ETSYEtsy IncCOM453,319$50.5M0.3%History
BSACBanco Santander ChileSP ADR REP COM441,748$7.88M<0.1%History
ALGNAlign Technology IncCOM19,034$6.35M<0.1%History
CLBCore Laboratories Inc.COM124,004$2.73M<0.1%History