Harding Loevner LP
Net seller this quarter
$10.6B
70
-$86.6M
51.9%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 TSM | $1.35B | 12.68% | 0.01% | -17.6% | Q2 2013 |
 SPOT | $742M | 6.97% | 0.78% | New | Q2 2026 |
 FMX | $689M | 6.48% | Not reported | -3.2% | Q2 2013 |
 CNI | $648M | 6.10% | 0.88% | +89.7% | Q2 2013 |
 BAP | $500M | 4.70% | 1.35% | -3.5% | Q2 2013 |
 RYAAY | $381M | 3.59% | 0.57% | -3.9% | Q3 2016 |
 MELI | $318M | 2.99% | 0.36% | -1.2% | Q4 2015 |
 SE | $311M | 2.92% | 1.81% | +133.8% | Q3 2025 |
 NTES | $291M | 2.74% | 0.07% | -2.8% | Q2 2017 |
 HDB | $287M | 2.70% | 0.07% | -24.6% | Q2 2013 |
 ASML | $282M | 2.65% | 0.04% | -28.4% | Q4 2014 |
 SHEL | $237M | 2.23% | 0.05% | -1.9% | Q1 2022 |
 MFC | $237M | 2.23% | Not reported | +24.5% | Q4 2021 |
 NICE | $234M | 2.20% | 4.18% | -0.4% | Q3 2025 |
 GOOGL | $232M | 2.18% | 0.01% | -28.5% | Q4 2015 |
 NVDA | $225M | 2.12% | 0.00% | -11.5% | Q4 2017 |
 BBVA | $222M | 2.09% | 0.15% | +31.2% | Q2 2013 |
 AMZN | $207M | 1.95% | 0.01% | -22.5% | Q2 2013 |
 RIO | $186M | 1.75% | 0.15% | -1.5% | Q2 2019 |
 HLN | $148M | 1.39% | 0.17% | -1.9% | Q1 2023 |
 SONY | $140M | 1.31% | 0.10% | -2.5% | Q2 2023 |
 MSFT | $138M | 1.29% | 0.01% | -31.8% | Q2 2013 |
 META | $134M | 1.26% | Not reported | -20.3% | Q1 2015 |
 APH | $125M | 1.18% | 0.06% | -20.6% | Q2 2017 |
 RGA | $116M | 1.09% | 0.84% | -21.4% | Q2 2017 |
 NFLX | $104M | 0.97% | 0.03% | -22.1% | Q3 2021 |
 PGR | $98M | 0.92% | 0.08% | -21.4% | Q2 2025 |
 JNJ | $95.9M | 0.90% | 0.02% | +7.1% | Q2 2013 |
 AVGO | $95.8M | 0.90% | 0.01% | -33.5% | Q1 2018 |
 NVS | $90.5M | 0.85% | 0.03% | -1.0% | Q2 2013 |
 V | $89.7M | 0.84% | 0.01% | -21.0% | Q2 2017 |
 GMAB | $86.9M | 0.82% | Not reported | -4.5% | Q4 2020 |
 TMO | $84.9M | 0.80% | 0.05% | +21.1% | Q2 2017 |
 NVT | $84.3M | 0.79% | 0.31% | -20.5% | Q1 2026 |
 TW | $84M | 0.79% | 843174.00% | -22.3% | Q3 2020 |
 ITUB | $81.2M | 0.76% | 0.18% | +706.1% | Q2 2013 |
 AZN | $79.9M | 0.75% | Not reported | +7.8% | Q1 2026 |
 HEI | $79.6M | 0.75% | 0.41% | -22.3% | Q1 2018 |
 AAPL | $75.2M | 0.71% | 0.00% | Not reported | Q2 2017 |
 AME | $74.6M | 0.70% | 0.13% | -18.6% | Q2 2013 |
 ABBV | $70.3M | 0.66% | 0.02% | -21.9% | Q3 2014 |
 SLB | $69.8M | 0.66% | 0.10% | -20.6% | Q2 2013 |
 BKNG | $69.3M | 0.65% | 0.05% | -16.6% | Q1 2018 |
 ELV | $65.2M | 0.61% | 0.08% | -20.4% | Q4 2014 |
 DE | $64.4M | 0.61% | 0.04% | -23.2% | Q2 2017 |
 JPM | $59.4M | 0.56% | 0.01% | Not reported | Q2 2013 |
 TLK | $56.8M | 0.53% | Not reported | -3.5% | Q1 2021 |
 DHR | $51.1M | 0.48% | 0.04% | -22.4% | Q1 2018 |
 ADBE | $49.9M | 0.47% | 0.06% | -22.7% | Q2 2017 |
 NEE | $45.3M | 0.43% | 0.02% | New | Q2 2026 |
| Q1 2026 | |||||
| TSM | $1.18B | 12.18% | 0.01% | -19.3% | Q2 2013 |
| FMX | $617M | 6.35% | Not reported | -6.3% | Q2 2013 |
| BAP | $450M | 4.63% | 1.40% | -6.8% | Q2 2013 |
| HDB | $370M | 3.80% | 0.10% | -41.0% | Q2 2013 |
| RYAAY | $358M | 3.68% | 0.59% | +24.6% | Q3 2016 |
| MELI | $323M | 3.32% | 0.37% | -5.1% | Q4 2015 |
| CNI | $292M | 3.01% | 0.46% | +32.6% | Q2 2013 |
| ASML | $286M | 2.94% | 0.06% | -28.3% | Q4 2014 |
| NICE | $279M | 2.87% | 4.19% | -1.8% | Q3 2025 |
| SHEL | $266M | 2.74% | 0.05% | -5.4% | Q1 2022 |
| GOOGL | $261M | 2.69% | 0.01% | -9.7% | Q4 2015 |
| NTES | $260M | 2.68% | 0.07% | -6.2% | Q2 2017 |
| AMZN | $234M | 2.41% | 0.01% | -3.4% | Q2 2013 |
| NVDA | $222M | 2.28% | 0.01% | +48.0% | Q4 2017 |
| MSFT | $200M | 2.06% | 0.01% | -9.7% | Q2 2013 |
| RIO | $184M | 1.89% | 0.16% | -4.0% | Q2 2019 |
| NFLX | $179M | 1.84% | 0.04% | -3.2% | Q3 2021 |
| META | $170M | 1.75% | Not reported | -4.4% | Q1 2015 |
| HLN | $157M | 1.62% | 0.18% | -5.4% | Q1 2023 |
| MFC | $154M | 1.59% | Not reported | -5.2% | Q4 2021 |
| RGA | $142M | 1.46% | 1.06% | Not reported | Q2 2017 |
 VRTX | $140M | 1.44% | 0.12% | -20.0% | Q4 2018 |
| BBVA | $139M | 1.43% | 0.11% | -8.1% | Q2 2013 |
| SONY | $137M | 1.41% | 0.11% | -5.8% | Q2 2023 |
| TW | $128M | 1.31% | 1085069.00% | -3.2% | Q3 2020 |
| AVGO | $118M | 1.21% | 0.01% | -3.1% | Q1 2018 |
| SE | $113M | 1.17% | 0.77% | -8.7% | Q3 2025 |
| PGR | $113M | 1.16% | 0.10% | -2.8% | Q2 2025 |
| APH | $113M | 1.16% | 0.07% | -6.5% | Q2 2017 |
| V | $100M | 1.03% | 0.02% | +38.1% | Q2 2017 |
 CME | $99.9M | 1.03% | 0.10% | -43.0% | Q3 2020 |
| SLB | $97.3M | 1.00% | 0.13% | +2.3% | Q2 2013 |
 HON | $92.3M | 0.95% | 0.06% | -6.8% | Q2 2020 |
| NVS | $89.2M | 0.92% | 0.03% | -3.2% | Q2 2013 |
| GMAB | $86.7M | 0.89% | Not reported | -4.1% | Q4 2020 |
| JNJ | $86.2M | 0.89% | 0.01% | -3.4% | Q2 2013 |
| AME | $81.2M | 0.84% | 0.17% | -10.2% | Q2 2013 |
| AZN | $80.5M | 0.83% | Not reported | New | Q1 2026 |
| HEI | $78.9M | 0.81% | 0.52% | +1.2% | Q1 2018 |
| BKNG | $78.5M | 0.81% | 0.06% | -42.5% | Q1 2018 |
| TLK | $78.4M | 0.81% | Not reported | -6.2% | Q1 2021 |
| ABBV | $77.8M | 0.80% | 0.02% | -3.5% | Q3 2014 |
 ACN | $77.2M | 0.79% | 0.06% | -4.9% | Q1 2021 |
| ADBE | $76.5M | 0.79% | 0.08% | -4.2% | Q2 2017 |
| DE | $74.5M | 0.77% | 0.05% | -7.1% | Q2 2017 |
| NVT | $73.9M | 0.76% | 0.39% | New | Q1 2026 |
 FN | $71.9M | 0.74% | 0.38% | -1.3% | Q4 2025 |
| TMO | $68.7M | 0.71% | 0.04% | -3.6% | Q2 2017 |
| DHR | $65.5M | 0.67% | 0.05% | -4.3% | Q1 2018 |
| ELV | $62M | 0.64% | 0.10% | -4.0% | Q4 2014 |
| Q4 2025 | |||||
| TSM | $1.32B | 11.60% | 0.02% | -16.0% | Q2 2013 |
| HDB | $920M | 8.10% | 0.16% | -7.0% | Q2 2013 |
| FMX | $600M | 5.28% | Not reported | +3.5% | Q2 2013 |
| BAP | $408M | 3.59% | 1.51% | -7.9% | Q2 2013 |
| MELI | $396M | 3.48% | 0.39% | -7.9% | Q4 2015 |
 ALC | $379M | 3.34% | 0.99% | -12.3% | Q4 2019 |
| RYAAY | $359M | 3.15% | 0.47% | -7.1% | Q3 2016 |
| NTES | $341M | 3.00% | 0.08% | -2.6% | Q2 2017 |
| ASML | $323M | 2.84% | 0.08% | +10.5% | Q4 2014 |
| GOOGL | $315M | 2.77% | 0.01% | -31.8% | Q4 2015 |
| NICE | $292M | 2.57% | 4.27% | +16.5% | Q3 2025 |
| MSFT | $289M | 2.55% | 0.01% | -12.8% | Q2 2013 |
| AMZN | $269M | 2.36% | 0.01% | -14.1% | Q2 2013 |
| SHEL | $223M | 1.96% | 0.05% | -7.4% | Q1 2022 |
| CNI | $212M | 1.86% | 0.35% | -6.7% | Q2 2013 |
| META | $205M | 1.81% | Not reported | -11.8% | Q1 2015 |
| SE | $191M | 1.68% | 0.85% | -4.1% | Q3 2025 |
| NFLX | $180M | 1.59% | 0.05% | -14.2% | Q3 2021 |
| SONY | $180M | 1.59% | 0.11% | -6.6% | Q2 2023 |
| VRTX | $178M | 1.56% | 0.15% | -14.1% | Q4 2018 |
| BKNG | $174M | 1.53% | 0.10% | -14.6% | Q1 2018 |
| MFC | $172M | 1.51% | Not reported | -6.9% | Q4 2021 |
| HLN | $168M | 1.48% | 0.18% | -7.2% | Q1 2023 |
| RIO | $164M | 1.45% | 0.16% | +8.8% | Q2 2019 |
| BBVA | $162M | 1.43% | 0.12% | -20.5% | Q2 2013 |
| CME | $162M | 1.43% | 0.18% | -14.1% | Q3 2020 |
| NVDA | $160M | 1.41% | 0.00% | -12.1% | Q4 2017 |
| AVGO | $136M | 1.20% | 0.01% | -12.8% | Q1 2018 |
| PGR | $134M | 1.18% | 0.10% | -15.1% | Q2 2025 |
| APH | $129M | 1.13% | 0.08% | -23.8% | Q2 2017 |
| TW | $121M | 1.06% | 1121185.00% | -14.0% | Q3 2020 |
| ADBE | $115M | 1.01% | 0.08% | +9.1% | Q2 2017 |
| ACN | $110M | 0.97% | 0.06% | -13.0% | Q1 2021 |
| GMAB | $104M | 0.91% | Not reported | -3.3% | Q4 2020 |
| TLK | $94.2M | 0.83% | Not reported | -9.1% | Q1 2021 |
 SAP | $94M | 0.83% | 0.03% | -83.2% | Q2 2013 |
| HEI | $92M | 0.81% | 0.52% | -13.4% | Q1 2018 |
| AME | $86.6M | 0.76% | 0.18% | -1.9% | Q2 2013 |
| HON | $85.5M | 0.75% | 0.07% | +65.1% | Q2 2020 |
| ABBV | $84.7M | 0.75% | 0.02% | -13.9% | Q3 2014 |
| TMO | $84M | 0.74% | 0.04% | -14.0% | Q2 2017 |
| V | $84M | 0.74% | 0.01% | +17.5% | Q2 2017 |
| NVS | $83.2M | 0.73% | 0.03% | -4.2% | Q2 2013 |
| DHR | $82.6M | 0.73% | 0.05% | -13.2% | Q1 2018 |
| ELV | $77.4M | 0.68% | 0.10% | -10.4% | Q4 2014 |
| JNJ | $75.5M | 0.66% | 0.02% | -14.1% | Q2 2013 |
| SLB | $71M | 0.62% | 0.12% | -5.9% | Q2 2013 |
 EFX | $69.7M | 0.61% | 0.27% | Not reported | Q2 2017 |
| DE | $66.3M | 0.58% | 0.05% | -56.2% | Q2 2017 |
| FN | $63.6M | 0.56% | 0.39% | New | Q4 2025 |
| Q3 2025 | |||||
| TSM | $1.44B | 10.57% | 0.02% | -8.1% | Q2 2013 |
| HDB | $925M | 6.79% | 0.18% | -4.4% | Q2 2013 |
| SAP | $615M | 4.51% | 0.19% | -6.7% | Q2 2013 |
| FMX | $565M | 4.15% | Not reported | +6.0% | Q2 2013 |
| MELI | $499M | 3.66% | 0.42% | -4.6% | Q4 2015 |
 LIN | $445M | 3.26% | 0.20% | -1.3% | Q4 2018 |
 BHP | $436M | 3.20% | 0.15% | -1.5% | Q3 2015 |
| BAP | $411M | 3.02% | 1.64% | -2.2% | Q2 2013 |
| ALC | $409M | 3.00% | 1.11% | -21.8% | Q4 2019 |
| NTES | $386M | 2.83% | 0.08% | -1.6% | Q2 2017 |
| GOOGL | $359M | 2.63% | 0.01% | -36.3% | Q4 2015 |
| MSFT | $356M | 2.61% | 0.01% | -29.3% | Q2 2013 |
| RYAAY | $322M | 2.36% | 0.50% | +21.8% | Q3 2016 |
| NICE | $321M | 2.35% | 3.50% | New | Q3 2025 |
| AMZN | $297M | 2.18% | 0.01% | -27.0% | Q2 2013 |
| SE | $279M | 2.05% | 0.88% | New | Q3 2025 |
| NFLX | $269M | 1.97% | 0.05% | -26.9% | Q3 2021 |
| ASML | $265M | 1.94% | 0.07% | -1.2% | Q4 2014 |
| META | $259M | 1.90% | Not reported | -26.6% | Q1 2015 |
| SHEL | $234M | 1.72% | 0.05% | -1.3% | Q1 2022 |
| SONY | $217M | 1.59% | 0.12% | -21.7% | Q2 2023 |
| CNI | $217M | 1.59% | 0.37% | -1.2% | Q2 2013 |
| BKNG | $205M | 1.50% | 0.12% | +8.7% | Q1 2018 |
| CME | $187M | 1.37% | 0.21% | -27.1% | Q3 2020 |
| NVDA | $182M | 1.34% | 0.00% | -4.2% | Q4 2017 |
| VRTX | $179M | 1.31% | 0.18% | -35.9% | Q4 2018 |
| PGR | $171M | 1.25% | 0.12% | +97.8% | Q2 2025 |
| BBVA | $169M | 1.24% | 0.15% | -1.2% | Q2 2013 |
| HLN | $161M | 1.18% | 0.20% | -20.6% | Q1 2023 |
| MFC | $158M | 1.16% | Not reported | -17.3% | Q4 2021 |
| APH | $155M | 1.14% | 0.10% | -13.3% | Q2 2017 |
| AVGO | $149M | 1.09% | 0.01% | -41.0% | Q1 2018 |
| DE | $148M | 1.09% | 0.12% | -28.6% | Q2 2017 |
| TW | $145M | 1.06% | 1303676.00% | -26.9% | Q3 2020 |
| RIO | $125M | 0.91% | 0.15% | -0.9% | Q2 2019 |
 SNPS | $119M | 0.87% | 0.13% | -14.7% | Q4 2018 |
| ACN | $116M | 0.85% | 0.07% | +9.6% | Q1 2021 |
| GMAB | $107M | 0.78% | Not reported | +19.2% | Q4 2020 |
| ADBE | $106M | 0.78% | 0.07% | -16.4% | Q2 2017 |
| HEI | $106M | 0.78% | 0.60% | -25.7% | Q1 2018 |
| ABBV | $99.7M | 0.73% | 0.02% | -27.3% | Q3 2014 |
| TLK | $92.7M | 0.68% | Not reported | -1.8% | Q1 2021 |
 CSGP | $91.4M | 0.67% | 0.26% | -26.2% | Q2 2021 |
 NOW | $88.4M | 0.65% | 0.05% | -26.5% | Q4 2018 |
| DHR | $82.4M | 0.60% | 0.06% | -27.2% | Q1 2018 |
| TMO | $81.8M | 0.60% | 0.04% | -26.6% | Q2 2017 |
| AME | $80.8M | 0.59% | 0.19% | -25.6% | Q2 2013 |
| NVS | $80.8M | 0.59% | 0.03% | +100.9% | Q2 2013 |
| ELV | $79.6M | 0.58% | 0.11% | Not reported | Q4 2014 |
| JNJ | $78.8M | 0.58% | 0.02% | -26.7% | Q2 2013 |