HARDING LOEVNER LPHARDING LOEVNER LP

Institutional investor · Portfolio as of Q1 2026

SEC EDGAR SourceSEC Filings

Top Holdings73 positions

Activity:
Stock
Shares
Value
Weight
Avg Buy
Est. P&L
Held
Conviction
TSMTSM
ADR

TAIWAN SEMICONDUCTOR MANUFAC

3.5M$1.2B12.2%$65.08+567.04%
29 qtrssince 2019-Q1
Decreased
0
FMXFMX
Unit

FOMENTO ECONOMICO MEXICANO S

5.6M$617.4M6.4%$78.51+62.60%
29 qtrssince 2019-Q1
Decreased
0

CREDICORP LTD

1.3M$449.6M4.6%$130.63+206.82%
18 qtrssince 2021-Q4
Decreased
0
HDBHDB
ADR

HDFC BANK LTD

14.9M$369.7M3.8%$31.36-15.48%
29 qtrssince 2019-Q1
Decreased
0

RYANAIR HOLDINGS PLC

6.2M$357.8M3.7%$57.87+11.69%
4 qtrssince 2025-Q2
Increased
70

MERCADOLIBRE INC

186,499$322.6M3.3%$1,555.27+19.09%
9 qtrssince 2024-Q1
Decreased
0

CANADIAN NATL RY CO

2.8M$292.1M3.0%$91.71+35.65%
29 qtrssince 2019-Q1
Increased
72

ASML Holding N.V.

216,309$285.8M2.9%$707.57+154.01%
5 qtrssince 2025-Q1
Decreased
0
NICENICE
ADR

NICE LTD

2.5M$279.3M2.9%$141.66-29.59%
3 qtrssince 2025-Q3
Decreased
0
SHELSHEL
ADR

SHELL PLC

2.9M$266.4M2.7%$65.68+25.19%
17 qtrssince 2022-Q1
Decreased
0

ALPHABET INC

908,305$261.2M2.7%$95.37+274.53%
29 qtrssince 2019-Q1
Decreased
0
NTESNTES
ADR

NETEASE COM INC

2.3M$260.1M2.7%$130.67-2.02%
5 qtrssince 2025-Q1
Decreased
0

AMAZON COM INC

1.1M$234.1M2.4%$119.38+105.51%
24 qtrssince 2020-Q2
Decreased
0

NVIDIA CORPORATION

1.3M$221.8M2.3%$155.58+35.60%
6 qtrssince 2024-Q4
Increased
72

MICROSOFT CORP

540,564$200.1M2.1%$240.48+60.14%
29 qtrssince 2019-Q1
Decreased
0
RIORIO
ADR

RIO TINTO PLC

2M$184M1.9%$59.18+52.99%
28 qtrssince 2019-Q2
Decreased
0

NETFLIX INC.

1.9M$179.1M1.8%$88.59-17.18%
19 qtrssince 2021-Q3
Decreased
0

META PLATFORMS INC

297,709$170.4M1.8%$147.87+352.55%
29 qtrssince 2019-Q1
Decreased
0
HLNHLN
ADR

HALEON PLC

15.7M$157.2M1.6%$8.05+21.24%
13 qtrssince 2023-Q1
Decreased
0

MANULIFE FINL CORP

4.5M$154.4M1.6%$24.13+71.09%
18 qtrssince 2021-Q4
Decreased
0
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$9.7B
AUM
73
Positions
Q1 2026
Filing
Rating · 3.0
Quarterly Portfolio Change
-15%Q4'24$14.8B-12%Q1'25$13.1B+14%Q2'25$14.9B-8%Q3'25$13.6B-17%Q4'25$11.4B-14%Q1'26$9.7B
Activity profile
$ moved · Q1'26
New10%Increased7%Decreased80%Exited3%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 5.4 years
<1Q3%1-4Q8%1-2Y0%2Y+89%

HARDING LOEVNER LP manages $9.7B across 73 positions as of Q1 2026. Top holdings: TSM (12.2%), FMX (6.4%), BAP (4.6%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 3/5.0.

Q1 2026 Summary

Active quarter - 3 new positions, 6 exits, 10 increased. Top move: CNI (INCREASED, conviction 72). Portfolio: $9.7B across 73 positions.

Top holdings by portfolio weight

Total AUM$10B
TSM12.18%
FMX6.35%
BAP4.63%
HDB3.80%
RYAAY3.68%
MELI3.32%
CNI3.01%
ASML2.94%
NICE2.87%
SHEL2.74%
Other2.69%

Portfolio allocation by GICS sector

Sectors9
Technology29.23%
Financial Services17.66%
Industrials12.40%
Communication Services10.02%
Healthcare9.42%
Consumer Cyclical7.70%
Unknown7.70%
Energy3.92%
Basic Materials1.95%

Behavioral investing profile

7-dimension quality assessment
Solid(3.0 / 5.0)
Track Record66
Conviction40
Concentration68
Upgrade to see all dimensions

Position Outcomes

Best and worst performing positions by estimated return

Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.

Accumulation Streaks

Positions with 2+ consecutive quarters of increases - persistent directional conviction.

Security
2Q
VVISA INC
Q4 2025 Q1 2026+127,012 shares+$30.4M

Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer

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