AI Portfolio Summary
In 2025 Q4, HARDING LOEVNER LP maintained a portfolio of 79 distinct positions. The most significant new addition to the portfolio was EQUIFAX INC, which now represents 0.61% of the total fund value. They heavily accumulated shares in FOMENTO ECONOMICO ME, increasing their position by 3.5%. The fund also reduced its exposure to SAP SE by 83.2%.
Total Positions
79
Quarter
2025 Q4
Top Holding
TSM (11.6%)
Top 10 Concentration
47.2%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 79
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
TSM
TAIWAN SEMICOND...
|
Technology | 11.60% | 10.57% |
#1
Prev: #1
|
6.5 | -824,056 | -16.0% |
P
S
|
4,336,799 | $1,318,098,433 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HDB
HDFC BANK LTD
|
Financial Services | 8.10% | 6.79% |
#2
Prev: #2
|
5.2 | -1,890,927 | -7.0% |
P
S
|
25,187,687 | $920,256,279 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FMX
FOMENTO ECONOMI...
|
Consumer Defensive | 5.28% | 4.15% |
#3
1
Prev: #4
|
3.6 | 201,052 | 3.5% |
P
S
|
5,934,259 | $599,789,982 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BAP
CREDICORP LTD
|
Financial Services | 3.59% | 3.02% |
#4
4
Prev: #8
|
2.4 | -122,283 | -7.9% |
P
S
|
1,421,564 | $408,043,229 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MELI
MERCADOLIBRE IN...
|
Consumer Cyclical | 3.48% | 3.66% |
#5
Prev: #5
|
2.4 | -16,833 | -7.9% |
P
S
|
196,516 | $395,980,104 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ALC
ALCON AG
|
Healthcare | 3.34% | 3.00% |
#6
3
Prev: #9
|
1.8 | -671,559 | -12.2% |
P
S
|
4,810,865 | $379,159,222 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RYAAY
RYANAIR HOLDING...
|
Industrials | 3.15% | 2.36% |
#7
6
Prev: #13
|
1.8 | -377,497 | -7.1% |
P
S
|
4,966,655 | $358,525,601 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NTES
NETEASE INC
|
Communication Services | 3.00% | 2.83% |
#8
2
Prev: #10
|
1.7 | -65,199 | -2.6% |
P
S
|
2,476,401 | $340,840,027 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ASML
ASML HOLDING N ...
|
Technology | 2.84% | 1.94% |
#9
9
Prev: #18
|
3.1 | 28,568 | 10.5% |
P
S
|
301,762 | $323,193,312 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GOOGL
ALPHABET INC
|
Communication Services | 2.77% | 2.63% |
#10
1
Prev: #11
|
1.1 | -469,243 | -31.8% |
P
S
|
1,005,928 | $314,873,265 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NICE
NICE LTD
|
Technology | 2.57% | 2.35% |
#11
3
Prev: #14
|
3.0 | 365,254 | 16.5% |
P
S
|
2,580,589 | $291,733,487 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MSFT
MICROSOFT CORP
|
Technology | 2.55% | 2.61% |
#12
Prev: #12
|
1.5 | -88,181 | -12.8% |
P
S
|
598,366 | $289,381,298 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AMZN
AMAZON COM INC
|
Consumer Cyclical | 2.36% | 2.18% |
#13
2
Prev: #15
|
1.4 | -190,610 | -14.1% |
P
S
|
1,163,957 | $268,681,368 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SHEL
SHELL PLC
|
Energy | 1.96% | 1.72% |
#14
6
Prev: #20
|
1.3 | -241,133 | -7.4% |
P
S
|
3,029,364 | $222,572,755 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CNI
CANADIAN NATL R...
|
Industrials | 1.86% | 1.59% |
#15
7
Prev: #22
|
1.2 | -153,887 | -6.7% |
P
S
|
2,143,651 | $211,903,749 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
META
META PLATFORMS ...
|
Communication Services | 1.81% | 1.90% |
#16
3
Prev: #19
|
1.2 | -41,681 | -11.8% |
P
S
|
311,238 | $205,443,626 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SE
SEA LTD
|
Consumer Cyclical | 1.68% | 2.05% |
#17
1
Prev: #16
|
1.2 | -64,277 | -4.1% |
P
S
|
1,498,337 | $191,153,119 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NFLX
NETFLIX INC
|
ETF | 1.59% | 1.97% |
#18
1
Prev: #17
|
3.6 | 1,699,930 | 758.5% |
P
S
|
1,924,053 | $180,393,099 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SONY
SONY GROUP CORP
|
Technology | 1.59% | 1.59% |
#19
2
Prev: #21
|
1.1 | -494,284 | -6.6% |
P
S
|
7,042,473 | $180,269,089 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VRTX
VERTEX PHARMACE...
|
Healthcare | 1.56% | 1.31% |
#20
6
Prev: #26
|
1.1 | -64,123 | -14.1% |
P
S
|
391,865 | $177,661,358 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BKNG
BOOKING HOLDING...
|
Consumer Cyclical | 1.53% | 1.50% |
#21
2
Prev: #23
|
1.1 | -5,537 | -14.6% |
P
S
|
32,409 | $173,560,890 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MFC
MANULIFE FINL C...
|
Financial Services | 1.51% | 1.16% |
#22
8
Prev: #30
|
1.1 | -350,175 | -6.9% |
P
S
|
4,727,041 | $171,516,858 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HLN
HALEON PLC
|
Healthcare | 1.48% | 1.18% |
#23
6
Prev: #29
|
1.1 | -1,293,714 | -7.2% |
P
S
|
16,615,687 | $167,953,095 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RIO
RIO TINTO PLC
|
Basic Materials | 1.45% | 0.91% |
#24
11
Prev: #35
|
2.6 | 166,174 | 8.8% |
P
S
|
2,053,870 | $164,402,727 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BBVA
BANCO BILBAO VI...
|
Financial Services | 1.43% | 1.24% |
#25
3
Prev: #28
|
0.6 | -1,796,154 | -20.5% |
P
S
|
6,962,519 | $162,324,705 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CME
CME GROUP INC
|
Financial Services | 1.43% | 1.37% |
#26
2
Prev: #24
|
1.1 | -97,149 | -14.1% |
P
S
|
593,278 | $162,010,061 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NVDA
NVIDIA CORPORAT...
|
Technology | 1.41% | 1.34% |
#27
2
Prev: #25
|
1.1 | -118,012 | -12.1% |
P
S
|
859,326 | $160,264,330 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VEU
VANGUARD INTL E...
|
ETF | 1.24% | 0.44% |
#28
27
Prev: #55
|
3.5 | 1,077,833 | 128.2% |
P
S
|
1,918,731 | $141,143,465 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AVGO
BROADCOM INC
|
Technology | 1.20% | 1.09% |
#29
3
Prev: #32
|
1.0 | -57,535 | -12.7% |
P
S
|
393,763 | $136,285,323 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PGR
PROGRESSIVE COR...
|
Financial Services | 1.18% | 1.25% |
#30
3
Prev: #27
|
1.0 | -104,237 | -15.1% |
P
S
|
587,141 | $133,700,400 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
APH
AMPHENOL CORP N...
|
Technology | 1.13% | 1.14% |
#31
Prev: #31
|
0.5 | -297,555 | -23.8% |
P
S
|
954,359 | $128,986,024 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TW
TRADEWEB MKTS I...
|
Financial Services | 1.06% | 1.06% |
#32
2
Prev: #34
|
0.9 | -182,491 | -14.0% |
P
S
|
1,121,185 | $120,570,524 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ADBE
ADOBE INC
|
Technology | 1.01% | 0.78% |
#33
6
Prev: #39
|
2.4 | 27,315 | 9.1% |
P
S
|
328,484 | $114,963,293 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ACN
ACCENTURE PLC I...
|
Technology | 0.97% | 0.85% |
#34
3
Prev: #37
|
0.9 | -61,002 | -13.0% |
P
S
|
409,515 | $109,878,613 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GMAB
GENMAB A/S
|
Healthcare | 0.91% | 0.78% |
#35
3
Prev: #38
|
0.9 | -114,344 | -3.3% |
P
S
|
3,370,143 | $103,853,463 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TLK
P T TELEKOMUNIK...
|
Communication Services | 0.83% | 0.68% |
#36
6
Prev: #42
|
0.8 | -448,637 | -9.1% |
P
S
|
4,476,641 | $94,240,425 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SAP
SAP SE
|
Technology | 0.83% | 4.51% |
#37
34
Prev: #3
|
0.3 | -1,913,444 | -83.2% |
P
S
|
386,893 | $93,983,983 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HEI
HEICO CORP NEW
|
Industrials | 0.81% | 0.78% |
#38
2
Prev: #40
|
0.8 | -44,158 | -13.4% |
P
S
|
284,395 | $92,037,109 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AME
AMETEK INC
|
Industrials | 0.76% | 0.59% |
#39
8
Prev: #47
|
0.8 | -8,266 | -1.9% |
P
S
|
421,690 | $86,581,004 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HON
HONEYWELL INTL ...
|
Industrials | 0.75% | 0.41% |
#40
17
Prev: #57
|
3.3 | 172,805 | 65.1% |
P
S
|
438,098 | $85,475,215 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ABBV
ABBVIE INC
|
Healthcare | 0.75% | 0.73% |
#41
Prev: #41
|
0.8 | -59,661 | -13.9% |
P
S
|
370,833 | $84,730,377 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TMO
THERMO FISHER S...
|
Healthcare | 0.74% | 0.60% |
#42
4
Prev: #46
|
0.8 | -23,551 | -14.0% |
P
S
|
145,025 | $84,042,753 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
V
VISA INC
|
Financial Services | 0.74% | 0.51% |
#43
8
Prev: #51
|
2.3 | 35,643 | 17.5% |
P
S
|
239,587 | $84,026,711 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NVS
NOVARTIS AG
|
Healthcare | 0.73% | 0.59% |
#44
4
Prev: #48
|
0.8 | -26,571 | -4.2% |
P
S
|
603,387 | $83,207,004 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DHR
DANAHER CORPORA...
|
Healthcare | 0.73% | 0.60% |
#45
Prev: #45
|
0.8 | -54,733 | -13.2% |
P
S
|
360,923 | $82,627,055 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ELV
ELEVANCE HEALTH...
|
Healthcare | 0.68% | 0.58% |
#46
3
Prev: #49
|
0.8 | -25,640 | -10.4% |
P
S
|
220,725 | $77,381,349 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
JNJ
JOHNSON & JOHNS...
|
Healthcare | 0.66% | 0.58% |
#47
3
Prev: #50
|
0.8 | -59,731 | -14.1% |
P
S
|
365,029 | $75,544,913 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SLB
SLB LIMITED
|
Energy | 0.62% | 0.50% |
#48
4
Prev: #52
|
0.7 | -115,565 | -5.9% |
P
S
|
1,850,343 | $71,027,274 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EFX
EQUIFAX INC
|
Industrials | 0.61% | — |
#49
Prev: #—
|
3.7 | 321,343 | no change |
NEW
|
321,343 | $69,725,004 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DE
DEERE & CO
|
Industrials | 0.58% | 1.09% |
#50
17
Prev: #33
|
0.2 | -182,376 | -56.2% |
P
S
|
142,343 | $66,276,901 | 1999 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-50 of 79 holdings