$17.6 Billion is the total value of HARDING LOEVNER LP's 132 reported holdings in Q4 2017. The portfolio turnover from Q3 2017 to Q4 2017 was 11.8% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ITUB | Buy | ITAU UNIBANCO HLDG SAspon adr rep pfd | $881,750,000 | -2.3% | 67,826,874 | +3.0% | 5.01% | -2.4% |
| BIDU | Buy | BAIDU INCspon adr rep a | $856,854,000 | -4.1% | 3,658,486 | +1.4% | 4.87% | -4.2% |
| TSM | Buy | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $727,383,000 | +6.5% | 18,345,097 | +0.9% | 4.13% | +6.4% |
| CHKP | Buy | CHECK POINT SOFTWARE TECH LTord | $721,704,000 | +2.6% | 6,964,902 | +12.9% | 4.10% | +2.5% |
| SAP | Buy | SAP SEspon adr | $694,810,000 | +4.5% | 6,183,789 | +2.0% | 3.95% | +4.4% |
| SLB | Sell | SCHLUMBERGER LTD | $662,599,000 | -5.1% | 9,832,307 | -1.7% | 3.76% | -5.2% |
| WB | Buy | WEIBO CORPsponsored adr | $653,782,000 | +15.4% | 6,319,181 | +10.4% | 3.71% | +15.3% |
| CNI | Buy | CANADIAN NATL RY CO | $551,204,000 | +1.9% | 6,681,267 | +2.4% | 3.13% | +1.8% |
| TS | Buy | TENARIS S Asponsored adr | $479,117,000 | +13.3% | 15,038,193 | +0.7% | 2.72% | +13.2% |
| IBN | Sell | ICICI BK LTDadr | $471,813,000 | +11.9% | 48,490,601 | -1.5% | 2.68% | +11.8% |
| PYPL | Sell | PAYPAL HLDGS INC | $434,083,000 | +12.4% | 5,896,260 | -2.3% | 2.47% | +12.2% |
| ROP | Sell | ROPER TECHNOLOGIES INC | $377,830,000 | +4.1% | 1,458,802 | -2.2% | 2.15% | +3.9% |
| GRFS | Sell | GRIFOLS S Asp adr rep b nvt | $361,746,000 | +4.5% | 15,782,988 | -0.2% | 2.06% | +4.4% |
| SIVB | Sell | SVB FINL GROUP | $351,649,000 | +22.1% | 1,504,255 | -2.2% | 2.00% | +22.1% |
| HDB | Buy | HDFC BANK LTD | $346,196,000 | +6.8% | 3,405,099 | +1.3% | 1.97% | +6.7% |
| NKE | Sell | NIKE INCcl b | $330,900,000 | -16.2% | 5,290,176 | -30.6% | 1.88% | -16.3% |
| PCLN | Sell | PRICELINE GRP INC | $315,528,000 | -10.6% | 181,574 | -5.8% | 1.79% | -10.7% |
| CEO | Sell | CNOOC LTDsponsored adr | $306,688,000 | +9.5% | 2,136,304 | -1.0% | 1.74% | +9.4% |
| RDSB | Buy | ROYAL DUTCH SHELL PLCspon adr b | $301,881,000 | +11.6% | 4,420,582 | +2.2% | 1.72% | +11.5% |
| VRSK | Sell | VERISK ANALYTICS INC | $277,364,000 | +12.7% | 2,889,206 | -2.3% | 1.58% | +12.7% |
| JOBS | Sell | 51JOB INC | $270,965,000 | -10.9% | 4,452,996 | -11.2% | 1.54% | -11.0% |
| JD | Buy | JD COM INCspon adr cl a | $265,632,000 | +9.7% | 6,413,134 | +1.2% | 1.51% | +9.6% |
| BBD | Buy | BANCO BRADESCO S Asp adr pfd new | $245,318,000 | -7.2% | 23,956,804 | +0.3% | 1.39% | -7.3% |
| BABA | Buy | ALIBABA GROUP HLDG LTDsponsored ads | $245,023,000 | +108.7% | 1,421,001 | +109.1% | 1.39% | +108.4% |
| BBVA | Buy | BANCO BILBAO VIZCAYA ARGENTAsponsored adr | $245,065,000 | -3.6% | 28,831,178 | +1.2% | 1.39% | -3.7% |
| ASR | Buy | GRUPO AEROPORTUARIO DEL SUREspon adr ser b | $241,224,000 | -1.7% | 1,321,704 | +2.8% | 1.37% | -1.9% |
| REGN | Sell | REGENERON PHARMACEUTICALS | $237,573,000 | -18.0% | 631,911 | -2.4% | 1.35% | -18.0% |
| FB | Sell | FACEBOOK INCcl a | $222,113,000 | +1.8% | 1,258,711 | -1.4% | 1.26% | +1.8% |
| AAPL | Buy | APPLE INC | $218,159,000 | +14.2% | 1,289,125 | +4.0% | 1.24% | +14.1% |
| BAP | Sell | CREDICORP LTD | $217,744,000 | +0.9% | 1,049,723 | -0.3% | 1.24% | +0.8% |
| FMS | Buy | FRESENIUS MED CARE AG&CO KGAsponsored adr | $210,006,000 | +9.9% | 3,996,318 | +2.2% | 1.19% | +9.8% |
| MA | Sell | MASTERCARD INCORPORATEDcl a | $208,019,000 | +5.8% | 1,374,336 | -1.3% | 1.18% | +5.7% |
| BSAC | Buy | BANCO SANTANDER CHILE NEW | $197,592,000 | +5.6% | 6,318,906 | +0.3% | 1.12% | +5.5% |
| IPGP | Sell | IPG PHOTONICS CORP | $191,548,000 | +13.4% | 894,544 | -2.0% | 1.09% | +13.2% |
| FRC | Sell | FIRST REP BK SAN FRANCISCO C | $186,364,000 | -18.9% | 2,151,011 | -2.3% | 1.06% | -19.0% |
| CL | Sell | COLGATE PALMOLIVE CO | $180,787,000 | +1.2% | 2,396,117 | -2.3% | 1.03% | +1.1% |
| WAT | Sell | WATERS CORP | $168,521,000 | +5.2% | 872,307 | -2.2% | 0.96% | +5.0% |
| CIB | Sell | BANCOLOMBIA S Aspon adr pref | $162,875,000 | -13.5% | 4,106,788 | -0.2% | 0.92% | -13.6% |
| ABEV | Sell | AMBEV SAsponsored adr | $158,831,000 | -2.0% | 24,586,874 | -0.1% | 0.90% | -2.2% |
| CHL | Sell | CHINA MOBILE LIMITEDsponsored adr | $157,898,000 | -2.0% | 3,124,225 | -2.0% | 0.90% | -2.2% |
| UL | Buy | UNILEVER PLCspon adr new | $153,633,000 | -2.8% | 2,776,177 | +1.8% | 0.87% | -2.9% |
| CBD | Buy | COMPANHIA BRASILEIRA DE DISTspn adr pfd cl a | $152,531,000 | -0.3% | 6,471,390 | +0.1% | 0.87% | -0.6% |
| ABC | Sell | AMERISOURCEBERGEN CORP | $148,136,000 | +8.6% | 1,613,330 | -2.2% | 0.84% | +8.4% |
| AMZN | Sell | AMAZON COM INC | $146,900,000 | +18.5% | 125,612 | -2.6% | 0.83% | +18.3% |
| CTSH | Buy | COGNIZANT TECHNOLOGY SOLUTIOcl a | $145,391,000 | +1.1% | 2,047,191 | +3.3% | 0.83% | +1.0% |
| EBAY | Buy | EBAY INC | $144,125,000 | +2.7% | 3,818,894 | +4.6% | 0.82% | +2.6% |
| DIS | Buy | DISNEY WALT CO | $140,103,000 | +311240.0% | 1,303,159 | +283195.4% | 0.80% | – |
| MMM | Sell | 3M CO | $138,394,000 | +9.5% | 587,983 | -2.4% | 0.79% | +9.3% |
| SHPG | Sell | SHIRE PLCsponsored adr | $138,241,000 | -5.9% | 891,183 | -7.1% | 0.78% | -6.1% |
| SBUX | Sell | STARBUCKS CORP | $135,127,000 | +4.4% | 2,352,905 | -2.4% | 0.77% | +4.3% |
| WBC | Sell | WABCO HLDGS INC | $134,621,000 | -5.4% | 938,126 | -2.4% | 0.76% | -5.4% |
| ABT | Sell | ABBOTT LABS | $132,846,000 | +4.6% | 2,327,764 | -2.2% | 0.76% | +4.6% |
| XOM | Sell | EXXON MOBIL CORP | $128,809,000 | -0.4% | 1,540,041 | -2.3% | 0.73% | -0.4% |
| YNDX | Sell | YANDEX N V | $121,554,000 | -3.4% | 3,711,577 | -2.8% | 0.69% | -3.6% |
| HSBC | Buy | HSBC HLDGS PLCspon adr new | $121,295,000 | +7.1% | 2,348,861 | +2.5% | 0.69% | +7.0% |
| MSFT | Sell | MICROSOFT CORP | $118,131,000 | +12.4% | 1,381,005 | -2.1% | 0.67% | +12.2% |
| MON | Sell | MONSANTO CO NEW | $108,226,000 | -4.4% | 926,752 | -2.0% | 0.62% | -4.5% |
| BMA | Buy | BANCO MACRO SAspon adr b | $107,450,000 | +614.2% | 927,256 | +623.3% | 0.61% | +609.3% |
| WBA | Sell | WALGREENS BOOTS ALLIANCE INC | $107,208,000 | -8.4% | 1,476,284 | -2.6% | 0.61% | -8.6% |
| CTRP | Sell | CTRIP COM INTL LTD | $106,193,000 | -57.0% | 2,407,999 | -48.5% | 0.60% | -57.0% |
| SBNY | Sell | SIGNATURE BK NEW YORK N Y | $100,441,000 | +4.7% | 731,761 | -2.3% | 0.57% | +4.6% |
| WPP | Sell | WPP PLC NEWadr | $95,488,000 | -37.3% | 1,054,416 | -35.7% | 0.54% | -37.4% |
| FMX | Sell | FOMENTO ECONOMICO MEXICANO Sspon adr units | $94,670,000 | -1.7% | 1,008,201 | -0.0% | 0.54% | -1.8% |
| NTES | Buy | NETEASE INCsponsored adr | $93,050,000 | +55.4% | 269,656 | +18.8% | 0.53% | +55.1% |
| SSL | Buy | SASOL LTDsponsored adr | $88,385,000 | +25.7% | 2,583,590 | +1.1% | 0.50% | +25.5% |
| TV | Sell | GRUPO TELEVISA SAspon adr rep ord | $64,684,000 | -86.8% | 3,464,644 | -82.5% | 0.37% | -86.8% |
| VEU | Buy | VANGUARD INTL EQUITY INDEX Fallwrld ex us | $24,711,000 | +6745.2% | 451,592 | +6485.9% | 0.14% | +6900.0% |
| INDA | Buy | ISHARES TRmsci india etf | $23,493,000 | +14.2% | 651,305 | +4.0% | 0.13% | +13.7% |
| KOF | Buy | COCA COLA FEMSA S A B DE C Vspon adr rep l | $16,871,000 | -9.7% | 242,332 | +0.1% | 0.10% | -9.4% |
| GGAL | Sell | GRUPO FINANCIERO GALICIA S Asp adr 10 sh b | $14,237,000 | +17.0% | 216,200 | -8.4% | 0.08% | +17.4% |
| EC | Sell | ECOPETROL S Asponsored ads | $12,521,000 | +25.7% | 855,830 | -18.4% | 0.07% | +24.6% |
| PSMT | Sell | PRICESMART INC | $4,792,000 | -9.2% | 55,652 | -5.9% | 0.03% | -10.0% |
| PX | Buy | PRAXAIR INC | $2,541,000 | +34.7% | 16,427 | +21.8% | 0.01% | +27.3% |
| ALL | ALLSTATE CORP | $320,000 | +13.9% | 3,058 | 0.0% | 0.00% | 0.0% | |
| ITW | ILLINOIS TOOL WKS INC | $133,000 | +12.7% | 800 | 0.0% | 0.00% | 0.0% | |
| PG | PROCTER AND GAMBLE CO | $125,000 | +0.8% | 1,360 | 0.0% | 0.00% | 0.0% | |
| ANTM | ANTHEM INC | $180,000 | +18.4% | 800 | 0.0% | 0.00% | 0.0% | |
| UGP | Buy | ULTRAPAR PARTICIPACOES S A | $160,000 | +158.1% | 7,040 | +168.7% | 0.00% | – |
| NVS | NOVARTIS A Gsponsored adr | $147,000 | -2.0% | 1,750 | 0.0% | 0.00% | 0.0% | |
| ASML | ASML HOLDING N V | $94,000 | +2.2% | 540 | 0.0% | 0.00% | 0.0% | |
| JNJ | Sell | JOHNSON & JOHNSON | $112,000 | -29.1% | 800 | -34.1% | 0.00% | 0.0% |
| INFY | Buy | INFOSYS LTDsponsored adr | $157,000 | +48.1% | 9,650 | +33.1% | 0.00% | 0.0% |
| NVDA | New | NVIDIA CORP | $12,000 | – | 60 | +100.0% | 0.00% | – |
| HP | HELMERICH & PAYNE INC | $12,000 | +33.3% | 180 | 0.0% | 0.00% | – | |
| TROW | PRICE T ROWE GROUP INC | $66,000 | +15.8% | 630 | 0.0% | 0.00% | – | |
| HCSG | HEALTHCARE SVCS GRP INC | $12,000 | 0.0% | 220 | 0.0% | 0.00% | – | |
| PRU | PRUDENTIAL FINL INC | $53,000 | +8.2% | 460 | 0.0% | 0.00% | – | |
| RHT | RED HAT INC | $14,000 | +7.7% | 120 | 0.0% | 0.00% | – | |
| BSMX | Buy | GRUPO FINANCIERO SANTANDER M | $58,000 | +1.8% | 7,980 | +41.7% | 0.00% | – |
| RGA | REINSURANCE GROUP AMER INC | $59,000 | +11.3% | 380 | 0.0% | 0.00% | – | |
| ROK | ROCKWELL AUTOMATION INC | $33,000 | +10.0% | 170 | 0.0% | 0.00% | – | |
| ROL | ROLLINS INC | $30,000 | 0.0% | 650 | 0.0% | 0.00% | – | |
| IT | GARTNER INC | $55,000 | -1.8% | 450 | 0.0% | 0.00% | – | |
| FLS | FLOWSERVE CORP | $22,000 | -4.3% | 530 | 0.0% | 0.00% | – | |
| CRM | SALESFORCE COM INC | $13,000 | +8.3% | 130 | 0.0% | 0.00% | – | |
| FISV | FISERV INC | $59,000 | +1.7% | 450 | 0.0% | 0.00% | – | |
| EFX | Buy | EQUIFAX INC | $18,000 | +125.0% | 150 | +87.5% | 0.00% | – |
| EPAM | EPAM SYS INC | $16,000 | +23.1% | 150 | 0.0% | 0.00% | – | |
| ECA | ENCANA CORP | $76,000 | +13.4% | 5,670 | 0.0% | 0.00% | – | |
| ECL | ECOLAB INC | $54,000 | +5.9% | 400 | 0.0% | 0.00% | – | |
| TJX | TJX COS INC NEW | $63,000 | +5.0% | 820 | 0.0% | 0.00% | – | |
| DE | Sell | DEERE & CO | $31,000 | -48.3% | 200 | -58.3% | 0.00% | – |
| COST | COSTCO WHSL CORP NEW | $66,000 | +13.8% | 355 | 0.0% | 0.00% | – | |
| TXN | TEXAS INSTRS INC | $41,000 | +17.1% | 390 | 0.0% | 0.00% | – | |
| TMO | THERMO FISHER SCIENTIFIC INC | $11,000 | 0.0% | 60 | 0.0% | 0.00% | – | |
| CSCO | CISCO SYS INC | $60,000 | +15.4% | 1,560 | 0.0% | 0.00% | – | |
| CHD | CHURCH & DWIGHT INC | $54,000 | +3.8% | 1,080 | 0.0% | 0.00% | – | |
| AVY | AVERY DENNISON CORP | $69,000 | +16.9% | 600 | 0.0% | 0.00% | – | |
| V | VISA INC | $30,000 | +11.1% | 260 | 0.0% | 0.00% | – | |
| ADP | New | AUTOMATIC DATA PROCESSING IN | $63,000 | – | 540 | +100.0% | 0.00% | – |
| APH | AMPHENOL CORP NEWcl a | $61,000 | +3.4% | 700 | 0.0% | 0.00% | – | |
| AME | New | AMETEK INC NEW | $67,000 | – | 920 | +100.0% | 0.00% | – |
| GOOGL | ALPHABET INCcap stk cl a | $47,000 | +6.8% | 45 | 0.0% | 0.00% | – | |
| WDAY | WORKDAY INCcl a | $14,000 | -6.7% | 140 | 0.0% | 0.00% | – | |
| ZTS | ZOETIS INCcl a | $27,000 | +12.5% | 380 | 0.0% | 0.00% | – | |
| RIG | TRANSOCEAN LTD | $2,000 | 0.0% | 218 | 0.0% | 0.00% | – | |
| APD | AIR PRODS & CHEMS INC | $53,000 | +10.4% | 320 | 0.0% | 0.00% | – | |
| ADBE | ADOBE SYS INC | $16,000 | +23.1% | 90 | 0.0% | 0.00% | – | |
| BWA | Exit | BORGWARNER INC | $0 | – | -240 | -100.0% | 0.00% | – |
| HSIC | Exit | SCHEIN HENRY INC | $0 | – | -620 | -100.0% | 0.00% | – |
| EWJ | New | ISHARES INCmsci jpn etf new | $9,000 | – | 150 | +100.0% | 0.00% | – |
| TUR | New | ISHARES INCmsci turkey etf | $5,000 | – | 110 | +100.0% | 0.00% | – |
| JPM | JPMORGAN CHASE & CO | $61,000 | +13.0% | 570 | 0.0% | 0.00% | – | |
| IQV | New | IQVIA HLDGS INC | $57,000 | – | 580 | +100.0% | 0.00% | – |
| EL | Sell | LAUDER ESTEE COS INCcl a | $64,000 | -3.0% | 500 | -18.0% | 0.00% | – |
| LULU | LULULEMON ATHLETICA INC | $23,000 | +27.8% | 290 | 0.0% | 0.00% | – | |
| IBM | New | INTERNATIONAL BUSINESS MACHS | $58,000 | – | 380 | +100.0% | 0.00% | – |
| MCD | MCDONALDS CORP | $67,000 | +9.8% | 390 | 0.0% | 0.00% | – | |
| MTD | METTLER TOLEDO INTERNATIONAL | $19,000 | 0.0% | 30 | 0.0% | 0.00% | – | |
| ILMN | New | ILLUMINA INC | $13,000 | – | 60 | +100.0% | 0.00% | – |
| EDU | New | NEW ORIENTAL ED & TECH GRP Ispon adr | $73,000 | – | 780 | +100.0% | 0.00% | – |
| IDXX | IDEXX LABS INC | $11,000 | 0.0% | 70 | 0.0% | 0.00% | – | |
| NBL | NOBLE ENERGY INC | $47,000 | +4.4% | 1,600 | 0.0% | 0.00% | – | |
| CERN | Exit | CERNER CORP | $0 | – | -412 | -100.0% | 0.00% | – |
| IXC | New | ISHARES TRglobal energ etf | $12,000 | – | 350 | +100.0% | 0.00% | – |
| FFIV | Exit | F5 NETWORKS INC | $0 | – | -20,486 | -100.0% | -0.01% | – |
| CGNX | Exit | COGNEX CORP | $0 | – | -1,246,631 | -100.0% | -0.78% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2018-02-12
Signatures
The EDGAR filing(s) were signed by:
Top long-term holdings
| Name | Quarters owned | Latest quarter owned | Max weighting |
|---|---|---|---|
| TAIWAN SEMICONDUCTOR MFG LTD | 42 | Q3 2023 | 6.8% |
| SAP SE | 42 | Q3 2023 | 5.1% |
| SCHLUMBERGER LTD | 42 | Q3 2023 | 6.5% |
| ITAU UNIBANCO HLDG SA | 42 | Q3 2023 | 5.5% |
| ICICI BK LTD | 42 | Q3 2023 | 5.3% |
| CANADIAN NATL RY CO | 42 | Q3 2023 | 3.6% |
| NIKE INC | 42 | Q3 2023 | 3.9% |
| FOMENTO ECONOMICO MEXICANO S | 42 | Q3 2023 | 5.6% |
| MICROSOFT CORP | 42 | Q3 2023 | 3.1% |
| TENARIS S A | 42 | Q3 2023 | 3.9% |
View HARDING LOEVNER LP's complete holdings history.
Latest significant ownerships (13-D/G)
| Filed | Shares | Percentage | |
|---|---|---|---|
| Proto Labs IncSold out | February 14, 2022 | 0 | 0.0% |
| Copa Holdings, S.A. | February 16, 2021 | 1,317,632 | 4.2% |
| Yandex N.V. | February 16, 2021 | 11,056,148 | 3.5% |
| 51JOB, INC. | February 14, 2020 | 2,968,175 | 4.5% |
| SOUTHEAST AIRPORT GROUP | February 14, 2019 | 11,037,520 | 4.0% |
| WEIBO Corp | February 14, 2019 | 2,260,078 | 1.9% |
| SVB FINANCIAL GROUP | February 12, 2018 | 1,483,343 | 2.8% |
View HARDING LOEVNER LP's complete significant-ownership history.
Latest filings
| Type | Filed |
|---|---|
| 13F-HR | 2024-02-14 |
| SC 13G/A | 2024-01-12 |
| 13F-HR | 2023-11-14 |
| 13F-HR | 2023-08-14 |
| 13F-HR | 2023-05-15 |
| 13F-HR | 2023-02-14 |
| SC 13G/A | 2023-02-14 |
| 13F-HR | 2022-11-14 |
| 13F-HR | 2022-08-15 |
| 13F-HR | 2022-05-16 |
View HARDING LOEVNER LP's complete filings history.
All filings
- Holdings (13F-HR)
- Significant ownership (13-D/G)
- Insider transactions (4, 5, 6)
- Events (8-K)
- Shareholder votes (proxy)
View complete filings history.