HARDING LOEVNER LP
Institutional investor · Portfolio as of Q4 2025
Top Holdings76 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
TAIWAN SEMICONDUCTOR SPONSORED ADR /1 ADR REPS 5 ORD SHS/ | 4.3M | $1.3B | 11.6% | $65.08 | +360.33% | 28 qtrssince 2019-Q1 | Decreased 0 |
HDFC BANK LTD-ADR | 25.2M | $920.3M | 8.1% | $31.36 | +16.18% | 28 qtrssince 2019-Q1 | Decreased 0 |
FOMENTO ECONOMICO MEXICANO SAB /1 ADR REPRS 10 UT CONS 10 SERB &20 SER D-B SHS &20 SER D-L/ | 5.9M | $599.8M | 5.3% | $76.14 | +28.89% | 28 qtrssince 2019-Q1 | Increased 63 |
CREDICORP LTD | 1.4M | $408M | 3.6% | $130.63 | +122.00% | 17 qtrssince 2021-Q4 | Decreased 0 |
MERCADOLIBRE INC | 196,516 | $396M | 3.5% | $1,555.27 | +29.94% | 8 qtrssince 2024-Q1 | Decreased 0 |
ALCON INC | 4.8M | $379.2M | 3.3% | $84.75 | -6.42% | 20 qtrssince 2021-Q1 | Decreased 0 |
RYANAIR HOLDINGS-SP ADR | 5M | $358.5M | 3.2% | $56.36 | +28.72% | 3 qtrssince 2025-Q2 | Decreased 0 |
NETEASE INC-ADR | 2.5M | $340.8M | 3.0% | $130.67 | +7.48% | 4 qtrssince 2025-Q1 | Decreased 0 |
ASML HOLDING NV-NY REG SHS | 301,762 | $323.2M | 2.8% | $694.32 | +53.35% | 4 qtrssince 2025-Q1 | Increased 59 |
ALPHABET INC-CL A | 1M | $314.9M | 2.8% | $95.37 | +229.10% | 28 qtrssince 2019-Q1 | Decreased 0 |
NICE LTD - SPON ADR | 2.6M | $291.7M | 2.6% | $141.66 | -20.22% | 2 qtrssince 2025-Q3 | Increased 61 |
MICROSOFT CORP | 598,366 | $289.4M | 2.5% | $240.48 | +102.71% | 28 qtrssince 2019-Q1 | Decreased 0 |
AMAZON.COM INC | 1.2M | $268.7M | 2.4% | $119.38 | +94.78% | 23 qtrssince 2020-Q2 | Decreased 0 |
SHELL PLC-ADR | 3M | $222.6M | 2.0% | $63.87 | +11.97% | 16 qtrssince 2022-Q1 | Decreased 0 |
CANADIAN NATL RAILWAY CO | 2.1M | $211.9M | 1.9% | $84.39 | +15.78% | 28 qtrssince 2019-Q1 | Decreased 0 |
META PLATFORMS INC-CLASS A | 311,238 | $205.4M | 1.8% | $147.87 | +350.35% | 28 qtrssince 2019-Q1 | Decreased 0 |
SEA LTD-ADR | 1.5M | $191.2M | 1.7% | $181.45 | -29.26% | 2 qtrssince 2025-Q3 | Decreased 0 |
NETFLIX INC | 1.9M | $180.4M | 1.6% | $88.59 | +5.86% | 18 qtrssince 2021-Q3 | Increased 77 |
SONY CORP-SPONSORED ADR | 7M | $180.3M | 1.6% | $19.72 | +30.42% | 11 qtrssince 2023-Q2 | Decreased 0 |
VERTEX PHARMACEUTICALS INC | 391,865 | $177.7M | 1.6% | $190.94 | +137.64% | 28 qtrssince 2019-Q1 | Decreased 0 |
HARDING LOEVNER LP manages $11.4B across 76 positions as of Q4 2025. Top holdings: TSM (11.6%), HDB (8.1%), FMX (5.3%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 3.5/5.0.
Active quarter - 8 new positions, 3 exits, 14 increased. Top move: NFLX (INCREASED, conviction 77). Portfolio: $11.4B across 76 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer