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Livermore
Livermore
ZHEN

Harding Loevner LP

SEC CIK
0000928196
Latest filing
Aug 14, 2026

Holdings in Q4 2023

Holdings as of Dec 31, 2023, filed Feb 14, 2024. Long positions only; changes compare share counts with Q3 2023.

Institution overview
Positions
72
+1 vs. Q3 2023
Portfolio value
$17.8B
+$2.68B (+17.7%) vs. Q3 2023
Filed
Feb 14, 2024
SEC
Holdings of Harding Loevner LP in Q4 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR11,616,715$1.22B6.9%+2,008,043+20.9%AddedHistory
FMXMexican Economic Development IncSPON ADR UNITS7,501,421$983.4M5.5%−283,731−3.6%ReducedHistory
SAPSAP SEADR5,432,890$855.4M4.8%−114,939−2.1%ReducedHistory
BHPBHP Group LtdADR10,703,882$719.6M4.0%−335,539−3.0%ReducedHistory
ALCAlcon IncStock8,695,437$676.6M3.8%−230,337−2.6%ReducedHistory
HDBHDFC Bank LtdSPONSORED ADS9,456,666$621.6M3.5%+2,276,203+31.7%AddedHistory
VRTXVertex Pharmaceuticals IncStock1,321,229$538.6M3.0%−25,522−1.9%ReducedHistory
GOOGLAlphabet Inc.Stock3,661,391$511.5M2.9%−84,324−2.3%ReducedHistory
LINLinde PLCStock1,173,709$481.1M2.7%−30,577−2.5%ReducedHistory
METAMeta Platforms, Inc.Stock1,312,905$466.2M2.6%−22,951−1.7%ReducedHistory
AMZNAmazon Com IncStock2,959,023$449.9M2.5%−89,348−2.9%ReducedHistory
BNTXBioNTech SESPONSORED ADS3,944,474$411.0M2.3%+3,944,474NewHistory
MSFTMicrosoft CorpStock967,430$364.3M2.0%−23,328−2.4%ReducedHistory
DEDeere & CoStock906,102$362.2M2.0%−15,261−1.7%ReducedHistory
CNICanadian National Railway CoStock2,865,864$359.4M2.0%−94,415−3.2%ReducedHistory
IBNIcici Bank LtdADR14,610,340$349.5M2.0%−374,545−2.5%ReducedHistory
XPXP Inc.CL A13,115,121$339.4M1.9%+732,614+5.9%AddedHistory
TMOThermo Fisher Scientific Inc.Stock628,055$333.5M1.9%−11,639−1.8%ReducedHistory
ABEVAmbev S.A.SPONSORED ADR109,577,457$304.0M1.7%−3,603,688−3.2%ReducedHistory
BAPCredicorp LtdCOM1,998,107$299.2M1.7%−21,743−1.1%ReducedHistory
ACNAccenture plcStock795,793$279.6M1.6%−14,954−1.8%ReducedHistory
DHRDanaher CorpStock1,184,586$274.3M1.5%−19,266−1.6%ReducedHistory
UNHUnitedHealth Group IncStock515,117$271.0M1.5%−9,085−1.7%ReducedHistory
CMECME Group Inc.COM1,254,739$264.1M1.5%−22,669−1.8%ReducedHistory
ROKRockwell Automation, IncStock850,425$262.6M1.5%−13,238−1.5%ReducedHistory
PINSPinterest, Inc.CL A6,969,047$258.2M1.4%−98,648−1.4%ReducedHistory
NFLXNetflix IncStock525,832$257.4M1.4%−3,196−0.6%ReducedHistory
AVGOBroadcom Inc.Stock219,797$245.8M1.4%−4,102−1.8%ReducedHistory
AMEAmetek IncCOM1,437,045$236.8M1.3%−37,895−2.6%ReducedHistory
ASMLASML Holding NVADR296,112$225.1M1.3%−4,581−1.5%ReducedHistory
ADBEAdobe Inc.Stock375,812$224.5M1.3%−6,446−1.7%ReducedHistory
MFCManulife Financial CorpCOM10,120,232$223.7M1.3%−162,583−1.6%ReducedHistory
AAPLApple Inc.Stock1,146,218$220.4M1.2%−23,205−2.0%ReducedHistory
SONYSony Group CorpSPONSORED ADR2,280,016$219.4M1.2%+2,181,169+2,206.6%AddedHistory
NVDANVIDIA CorpStock386,724$192.9M1.1%−5,993−1.5%ReducedHistory
NOWServiceNow, Inc.Stock271,479$192.3M1.1%−4,181−1.5%ReducedHistory
BBVABanco Bilbao Vizcaya Argentaria, S.A.SPONSORED ADR20,030,926$184.6M1.0%−362,179−1.8%ReducedHistory
HLNHaleon plcADR22,372,190$183.8M1.0%−110,998−0.5%ReducedHistory
COSTCostco Wholesale CorpStock275,887$182.4M1.0%−17,401−5.9%ReducedHistory
TWTradeweb Markets Inc.Stock1,995,697$181.7M1.0%−33,331−1.6%ReducedHistory
SLBSLB LimitedStock3,337,368$173.3M1.0%−77,924−2.3%ReducedHistory
SHELShell plcADR2,677,943$172.5M1.0%−42,206−1.6%ReducedHistory
RIORio Tinto PLCADR2,345,925$168.7M0.9%−37,074−1.6%ReducedHistory
ISRGIntuitive Surgical IncCOM NEW497,792$168.6M0.9%−7,346−1.5%ReducedHistory
CRMSalesforce, Inc.Stock603,237$159.1M0.9%−7,830−1.3%ReducedHistory
CSGPCostar Group, Inc.COM1,731,445$151.1M0.8%−28,301−1.6%ReducedHistory
AMATApplied Materials IncStock931,611$151.1M0.8%−13,563−1.4%ReducedHistory
SNPSSynopsys IncCOM291,138$150.1M0.8%−3,617−1.2%ReducedHistory
ABBVAbbVie Inc.Stock954,637$148.2M0.8%−13,719−1.4%ReducedHistory
RGENRepligen CorpCOM716,299$129.0M0.7%−9,109−1.3%ReducedHistory
HONHoneywell International IncCOM593,621$124.3M0.7%−2,827−0.5%ReducedHistory
TLKPerusahaan Perseroan Persero PT Telekomunikasi Indonesia TBKSPONSORED ADR4,477,848$114.2M0.6%−64,441−1.4%ReducedHistory
NKENIKE, Inc.Stock1,025,471$111.1M0.6%−17,003−1.6%ReducedHistory
EWEdwards Lifesciences CorpStock1,452,716$110.9M0.6%−23,843−1.6%ReducedHistory
NOCNorthrop Grumman CorpStock225,280$105.3M0.6%−2,209−1.0%ReducedHistory
GMABGenmab A/SSPONSORED ADS3,289,895$97.6M0.5%+85,665+2.7%AddedHistory
TSTenaris SASPONSORED ADS2,262,621$78.6M0.4%−279,633−11.0%ReducedHistory
ITUBItau Unibanco Holding S.A.SPON ADR REP PFD8,670,128$60.3M0.3%−1,001,226−10.4%ReducedHistory
EPAMEPAM Systems, Inc.COM187,435$55.7M0.3%−20,008−9.6%ReducedHistory
ZTOZTO Express (Cayman) Inc.SPONSORED ADS A1,552,385$33.0M0.2%−224,211−12.6%ReducedHistory
VLTOVeralto CorpStock381,648$31.4M0.2%+381,648NewHistory
Vanguard Ftse All-World Ex-US Index Fund922042775ETF437,903$24.5M0.1%−840,380−65.7%Reduced–
CIBGrupo Cibest S.A.SPON ADR PREF790,609$24.3M0.1%−63,654−7.5%ReducedHistory
iShares MSCI Acwi Ex U.S. ETF464288240ETF341,142$17.4M0.1%+341,142New–
iShares Tr464288273EAFE SML CP ETF166,388$10.3M0.1%+166,388New–
BABAAlibaba Group Holding LtdADR132,552$10.3M0.1%−14,806−10.0%ReducedHistory
iShares MSCI India ETF46429B598ETF158,318$7.73M<0.1%+17,272+12.2%Added–
iShares Tr464288885EAFE GRWTH ETF50,855$4.93M<0.1%+42,031+476.3%Added–
STSensata Technologies Holding plcSHS62,373$2.34M<0.1%−1,797−2.8%ReducedHistory
Vanguard Ftse Developed Markets ETF921943858ETF12,727$603.0K<0.1%−9,289−42.2%Reduced–
NBISNebius Group N.V.Stock530,966$165.1K<0.1%−4,273,337−88.9%ReducedHistory
BBDBank BradescoSP ADR PFD NEW13,068$45.7K<0.1%+942+7.8%AddedHistory

Sold out since Q3 2023 (3)

Positions held at the end of Q3 2023 that are gone from this filing.

Positions of Harding Loevner LP sold out since Q3 2023
SecurityClassShares in Q3 2023Value in Q3 2023% of portfolio in Q3 2023History
iShares Tr464288257MSCI ACWI ETF24,860$2.30M<0.1%–
iShares MSCI Eafe ETF464287465ETF3,804$262.1K<0.1%–
SANBanco Santander, S.A.ADR49,212$185.0K<0.1%History