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Harding Loevner LP

SEC CIK
0000928196
Latest filing
Aug 14, 2026

Holdings in Q2 2025

Holdings as of Jun 30, 2025, filed Aug 14, 2025. Long positions only; changes compare share counts with Q1 2025.

Institution overview
Positions
68
+1 vs. Q1 2025
Portfolio value
$14.9B
+$1.80B (+13.8%) vs. Q1 2025
Filed
Aug 14, 2025
SEC
Holdings of Harding Loevner LP in Q2 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR5,614,431$1.27B8.6%−135,531−2.4%ReducedHistory
HDBHDFC Bank LtdSPONSORED ADS14,156,272$1.09B7.3%−368,410−2.5%ReducedHistory
SAPSAP SEADR2,465,593$749.7M5.0%−47,558−1.9%ReducedHistory
ALCAlcon IncStock7,007,181$618.6M4.2%−117,331−1.6%ReducedHistory
MELIMercadolibre IncCOM223,680$584.7M3.9%−9,429−4.0%ReducedHistory
FMXMexican Economic Development IncSPON ADR UNITS5,408,814$556.9M3.7%−220,432−3.9%ReducedHistory
MSFTMicrosoft CorpStock970,400$482.7M3.2%+20,068+2.1%AddedHistory
LINLinde PLCStock948,412$445.0M3.0%−29,096−3.0%ReducedHistory
NFLXNetflix IncStock306,655$410.6M2.8%−72,875−19.2%ReducedHistory
GOOGLAlphabet Inc.Stock2,317,026$408.4M2.7%+41,611+1.8%AddedHistory
AMZNAmazon Com IncStock1,854,371$406.8M2.7%+32,078+1.8%AddedHistory
BHPBHP Group LtdADR7,932,302$381.5M2.6%−254,016−3.1%ReducedHistory
METAMeta Platforms, Inc.Stock480,942$355.0M2.4%+8,696+1.8%AddedHistory
BAPCredicorp LtdCOM1,577,714$352.7M2.4%−55,665−3.4%ReducedHistory
NTESNetEase, Inc.SPONSORED ADS2,582,636$347.6M2.3%+2,512,165+3,564.8%AddedHistory
VRTXVertex Pharmaceuticals IncStock711,611$316.8M2.1%+13,152+1.9%AddedHistory
TWTradeweb Markets Inc.Stock1,782,816$261.0M1.8%+531,715+42.5%AddedHistory
CMECME Group Inc.COM946,808$261.0M1.8%+17,444+1.9%AddedHistory
RYAAYRyanair Holdings PLCSPONSORED ADR4,387,970$253.1M1.7%+4,387,970NewHistory
SONYSony Group CorpSPONSORED ADR9,631,000$250.6M1.7%−199,162−2.0%ReducedHistory
CNICanadian National Railway CoStock2,325,177$241.9M1.6%−70,287−2.9%ReducedHistory
HLNHaleon plcADR22,551,041$233.8M1.6%−520,880−2.3%ReducedHistory
SHELShell plcADR3,312,679$233.3M1.6%−43,447−1.3%ReducedHistory
DEDeere & CoStock454,468$231.1M1.6%+9,910+2.2%AddedHistory
ASMLASML Holding NVADR276,554$221.5M1.5%+1,943+0.7%AddedHistory
ZTOZTO Express (Cayman) Inc.SPONSORED ADS A12,321,785$218.8M1.5%−885,787−6.7%ReducedHistory
AVGOBroadcom Inc.Stock764,985$210.9M1.4%−139,534−15.4%ReducedHistory
BKNGBooking Holdings Inc.Stock34,926$202.2M1.4%+690+2.0%AddedHistory
MFCManulife Financial CorpCOM6,137,932$196.1M1.3%−1,270,933−17.2%ReducedHistory
NVDANVIDIA CorpStock1,019,781$161.1M1.1%+321,109+46.0%AddedHistory
HEIHeico CorpCOM442,150$145.0M1.0%+6,587+1.5%AddedHistory
SNPSSynopsys IncCOM281,564$144.4M1.0%+88,524+45.9%AddedHistory
APHAmphenol CorpCL A1,443,477$142.6M1.0%+27,036+1.9%AddedHistory
ADBEAdobe Inc.Stock360,066$139.3M0.9%+124,610+52.9%AddedHistory
BBVABanco Bilbao Vizcaya Argentaria, S.A.SPONSORED ADR8,868,895$136.4M0.9%−171,805−1.9%ReducedHistory
NOWServiceNow, Inc.Stock130,575$134.2M0.9%+2,134+1.7%AddedHistory
AMATApplied Materials IncStock712,217$130.4M0.9%+9,037+1.3%AddedHistory
TTDTrade Desk, Inc.Stock1,791,295$129.0M0.9%+35,324+2.0%AddedHistory
ACNAccenture plcStock429,388$128.3M0.9%−276,920−39.2%ReducedHistory
CSGPCostar Group, Inc.COM1,467,080$118.0M0.8%+26,981+1.9%AddedHistory
DHRDanaher CorpStock570,834$112.8M0.8%+10,170+1.8%AddedHistory
RIORio Tinto PLCADR1,903,949$111.1M0.7%−68,652−3.5%ReducedHistory
ABBVAbbVie Inc.Stock592,388$110.0M0.7%+9,833+1.7%AddedHistory
AMEAmetek IncCOM577,923$104.6M0.7%+10,527+1.9%AddedHistory
VVisa Inc.Stock281,841$100.1M0.7%+281,841NewHistory
ATKRAtkore Inc.COM1,338,162$94.4M0.6%+41,129+3.2%AddedHistory
PGRProgressive CorpStock349,554$93.3M0.6%+349,554NewHistory
TMOThermo Fisher Scientific Inc.Stock229,531$93.1M0.6%−187,050−44.9%ReducedHistory
JNJJohnson & JohnsonStock579,182$88.5M0.6%+579,182NewHistory
HONHoneywell International IncCOM372,417$86.7M0.6%+6,403+1.7%AddedHistory
TLKPerusahaan Perseroan Persero PT Telekomunikasi Indonesia TBKSPONSORED ADR5,015,102$85.0M0.6%+552,636+12.4%AddedHistory
SLBSLB LimitedStock2,305,795$77.9M0.5%+508,703+28.3%AddedHistory
NOCNorthrop Grumman CorpStock151,207$75.6M0.5%+2,829+1.9%AddedHistory
GLOBGlobant S.A.COM769,843$69.9M0.5%−98,535−11.3%ReducedHistory
GMABGenmab A/SSPONSORED ADS2,923,439$60.4M0.4%+42,613+1.5%AddedHistory
CRMSalesforce, Inc.Stock179,859$49.0M0.3%−559,721−75.7%ReducedHistory
Vanguard Ftse All-World Ex-US Index Fund922042775ETF649,338$43.6M0.3%−273,175−29.6%Reduced–
NVSNovartis AGADR313,527$37.9M0.3%+313,527NewHistory
TSTenaris SASPONSORED ADS450,593$16.9M0.1%−145,053−24.4%ReducedHistory
KSPIJoint Stock Co Kaspi.kzSPONSORED ADS151,360$12.8M0.1%−34,947−18.8%ReducedHistory
ITUBItau Unibanco Holding S.A.SPON ADR REP PFD1,747,688$11.9M0.1%−482,857−21.6%ReducedHistory
iShares MSCI India ETF46429B598ETF157,699$8.78M0.1%00.0%Unchanged–
CIBGrupo Cibest S.A.SPON ADS189,494$8.75M0.1%+5,833+3.2%AddedHistory
EPAMEPAM Systems, Inc.COM40,538$7.17M<0.1%−10,028−19.8%ReducedHistory
IBNIcici Bank LtdADR76,478$2.57M<0.1%−5,313−6.5%ReducedHistory
iShares Tr464288257MSCI ACWI ETF14,287$1.84M<0.1%−20,305−58.7%Reduced–
Vanguard Ftse Developed Markets ETF921943858ETF23,578$1.34M<0.1%−2,579−9.9%Reduced–
iShares MSCI Eafe ETF464287465ETF3,158$282.4K<0.1%−15,449−83.0%Reduced–

Sold out since Q1 2025 (4)

Positions held at the end of Q1 2025 that are gone from this filing.

Positions of Harding Loevner LP sold out since Q1 2025
SecurityClassShares in Q1 2025Value in Q1 2025% of portfolio in Q1 2025History
UNHUnitedHealth Group IncStock487,113$255.1M2.0%History
BABAAlibaba Group Holding LtdADR33,058$4.37M<0.1%History
iShares Tr464288885EAFE GRWTH ETF8,990$899.0K<0.1%–
ABEVAmbev S.A.SPONSORED ADR38,686$90.1K<0.1%History