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Livermore
Livermore
ZHEN

Harding Loevner LP

SEC CIK
0000928196
Latest filing
Aug 14, 2026

Holdings in Q3 2025

Holdings as of Sep 30, 2025, filed Nov 14, 2025. Long positions only; changes compare share counts with Q2 2025.

Institution overview
Positions
71
+3 vs. Q2 2025
Portfolio value
$13.6B
−$1.23B (−8.3%) vs. Q2 2025
Filed
Nov 14, 2025
SEC
Holdings of Harding Loevner LP in Q3 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR5,160,855$1.44B10.6%−453,576−8.1%ReducedHistory
HDBHDFC Bank LtdSPONSORED ADS27,078,614$925.1M6.8%−1,233,930−4.4%ReducedConverted for a 2-for-1 splitHistory
SAPSAP SEADR2,300,337$614.7M4.5%−165,256−6.7%ReducedHistory
FMXMexican Economic Development IncSPON ADR UNITS5,733,207$565.4M4.1%+324,393+6.0%AddedHistory
MELIMercadolibre IncCOM213,349$498.6M3.7%−10,331−4.6%ReducedHistory
LINLinde PLCStock936,014$444.6M3.3%−12,398−1.3%ReducedHistory
BHPBHP Group LtdADR7,817,647$435.8M3.2%−114,655−1.4%ReducedHistory
BAPCredicorp LtdCOM1,543,847$411.1M3.0%−33,867−2.1%ReducedHistory
ALCAlcon IncStock5,482,424$408.5M3.0%−1,524,757−21.8%ReducedHistory
NTESNetEase, Inc.SPONSORED ADS2,541,600$386.3M2.8%−41,036−1.6%ReducedHistory
GOOGLAlphabet Inc.Stock1,475,171$358.6M2.6%−841,855−36.3%ReducedHistory
MSFTMicrosoft CorpStock686,547$355.6M2.6%−283,853−29.3%ReducedHistory
RYAAYRyanair Holdings PLCSPONSORED ADR5,344,152$321.8M2.4%+956,182+21.8%AddedHistory
NICENICE Ltd.SPONSORED ADR2,215,335$320.7M2.4%+2,215,335NewHistory
AMZNAmazon Com IncStock1,354,567$297.4M2.2%−499,804−27.0%ReducedHistory
SESea LtdSPONSORD ADS1,562,614$279.3M2.0%+1,562,614NewHistory
NFLXNetflix IncStock224,123$268.7M2.0%−82,532−26.9%ReducedHistory
ASMLASML Holding NVADR273,194$264.6M1.9%−3,360−1.2%ReducedHistory
METAMeta Platforms, Inc.Stock352,919$259.2M1.9%−128,023−26.6%ReducedHistory
SHELShell plcADR3,270,497$234.0M1.7%−42,182−1.3%ReducedHistory
SONYSony Group CorpSPONSORED ADR7,536,757$217.0M1.6%−2,094,243−21.7%ReducedHistory
CNICanadian National Railway CoStock2,297,538$216.7M1.6%−27,639−1.2%ReducedHistory
BKNGBooking Holdings Inc.Stock37,946$204.9M1.5%+3,020+8.6%AddedHistory
CMECME Group Inc.COM690,427$186.5M1.4%−256,381−27.1%ReducedHistory
NVDANVIDIA CorpStock977,338$182.3M1.3%−42,443−4.2%ReducedHistory
VRTXVertex Pharmaceuticals IncStock455,988$178.6M1.3%−255,623−35.9%ReducedHistory
PGRProgressive CorpStock691,378$170.7M1.3%+341,824+97.8%AddedHistory
BBVABanco Bilbao Vizcaya Argentaria, S.A.SPONSORED ADR8,758,673$168.6M1.2%−110,222−1.2%ReducedHistory
HLNHaleon plcADR17,909,401$160.7M1.2%−4,641,640−20.6%ReducedHistory
MFCManulife Financial CorpCOM5,077,216$158.2M1.2%−1,060,716−17.3%ReducedHistory
APHAmphenol CorpCL A1,251,914$154.9M1.1%−191,563−13.3%ReducedHistory
AVGOBroadcom Inc.Stock451,298$148.9M1.1%−313,687−41.0%ReducedHistory
DEDeere & CoStock324,719$148.5M1.1%−129,749−28.5%ReducedHistory
TWTradeweb Markets Inc.Stock1,303,676$144.7M1.1%−479,140−26.9%ReducedHistory
RIORio Tinto PLCADR1,887,696$124.6M0.9%−16,253−0.9%ReducedHistory
SNPSSynopsys IncCOM240,194$118.5M0.9%−41,370−14.7%ReducedHistory
ACNAccenture plcStock470,517$116.0M0.9%+41,129+9.6%AddedHistory
GMABGenmab A/SSPONSORED ADS3,484,487$106.9M0.8%+561,048+19.2%AddedHistory
ADBEAdobe Inc.Stock301,169$106.2M0.8%−58,897−16.4%ReducedHistory
HEIHeico CorpCOM328,553$106.1M0.8%−113,597−25.7%ReducedHistory
ABBVAbbVie Inc.Stock430,494$99.7M0.7%−161,894−27.3%ReducedHistory
TLKPerusahaan Perseroan Persero PT Telekomunikasi Indonesia TBKSPONSORED ADR4,925,278$92.7M0.7%−89,824−1.8%ReducedHistory
CSGPCostar Group, Inc.COM1,083,322$91.4M0.7%−383,758−26.2%ReducedHistory
NOWServiceNow, Inc.Stock96,013$88.4M0.6%−34,562−26.5%ReducedHistory
DHRDanaher CorpStock415,656$82.4M0.6%−155,178−27.2%ReducedHistory
TMOThermo Fisher Scientific Inc.Stock168,576$81.8M0.6%−60,955−26.6%ReducedHistory
AMEAmetek IncCOM429,956$80.8M0.6%−147,967−25.6%ReducedHistory
NVSNovartis AGADR629,958$80.8M0.6%+316,431+100.9%AddedHistory
ELVElevance Health, Inc.Stock246,365$79.6M0.6%+246,365NewHistory
JNJJohnson & JohnsonStock424,760$78.8M0.6%−154,422−26.7%ReducedHistory
VVisa Inc.Stock203,944$69.6M0.5%−77,897−27.6%ReducedHistory
SLBSLB LimitedStock1,965,908$67.6M0.5%−339,887−14.7%ReducedHistory
NOCNorthrop Grumman CorpStock105,511$64.3M0.5%−45,696−30.2%ReducedHistory
TTDTrade Desk, Inc.Stock1,289,848$63.2M0.5%−501,447−28.0%ReducedHistory
Vanguard Ftse All-World Ex-US Index Fund922042775ETF840,898$60.0M0.4%+191,560+29.5%Added–
ATKRAtkore Inc.COM895,998$56.2M0.4%−442,164−33.0%ReducedHistory
HONHoneywell International IncCOM265,293$55.8M0.4%−107,124−28.8%ReducedHistory
GLOBGlobant S.A.COM597,231$34.3M0.3%−172,612−22.4%ReducedHistory
ZTOZTO Express (Cayman) Inc.SPONSORED ADS A892,018$17.1M0.1%−11,429,767−92.8%ReducedHistory
TSTenaris SASPONSORED ADS408,147$14.6M0.1%−42,446−9.4%ReducedHistory
KSPIJoint Stock Co Kaspi.kzSPONSORED ADS154,802$12.6M0.1%+3,442+2.3%AddedHistory
ITUBItau Unibanco Holding S.A.SPON ADR REP PFD1,615,455$11.9M0.1%−132,233−7.6%ReducedHistory
CIBGrupo Cibest S.A.SPON ADS172,490$8.96M0.1%−17,004−9.0%ReducedHistory
iShares Tr464288257MSCI ACWI ETF63,515$8.78M0.1%+49,228+344.6%Added–
iShares MSCI India ETF46429B598ETF157,699$8.21M0.1%00.0%Unchanged–
EPAMEPAM Systems, Inc.COM37,181$5.61M<0.1%−3,357−8.3%ReducedHistory
IBNIcici Bank LtdADR75,629$2.29M<0.1%−849−1.1%ReducedHistory
iShares MSCI Acwi Ex U.S. ETF464288240ETF19,823$1.29M<0.1%+19,823New–
Vanguard Ftse Developed Markets ETF921943858ETF17,814$1.07M<0.1%−5,764−24.4%Reduced–
iShares Tr464288885EAFE GRWTH ETF7,418$844.8K<0.1%+7,418New–
iShares MSCI Eafe ETF464287465ETF2,399$224.0K<0.1%−759−24.0%Reduced–

Sold out since Q2 2025 (2)

Positions held at the end of Q2 2025 that are gone from this filing.

Positions of Harding Loevner LP sold out since Q2 2025
SecurityClassShares in Q2 2025Value in Q2 2025% of portfolio in Q2 2025History
AMATApplied Materials IncStock712,217$130.4M0.9%History
CRMSalesforce, Inc.Stock179,859$49.0M0.3%History