HARDING LOEVNER LP

All Holdings — 2025 Q4

Portfolio Concentration Analytics: 7.6
Risk-based ENB:
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:
1-25 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
4.7 -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
3.3 -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
4.1 201,052 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
1.5 -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
1.4 -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
1.4 -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
1.3 -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
1.2 -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
3.2 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
1.2 -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
3.1 365,254 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
1.1 -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
1.0 -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
0.8 -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
0.8 -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
0.8 -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
0.7 -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
2.9 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
0.7 -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
0.7 -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
0.7 -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
0.6 -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
0.6 -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.)
SNPS
SYNOPSYS INC
Technology 0.00% 0.87%
Sold All 😨
(Was: #36)
0.3 -240,194 -100.0%
CLOSED
$— 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NOW
SERVICENOW INC
Technology 0.00% 0.65%
Sold All 😨
(Was: #44)
0.3 -96,013 -100.0%
CLOSED
$— 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ZTO
ZTO EXPRESS CAY...
Industrials 0.00% 0.13%
Sold All 😨
(Was: #59)
0.3 -892,018 -100.0%
CLOSED
$— 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 79 holdings

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