SEC 13F Intelligence

Managers / Q1 2021 · view latest →

HARDING LOEVNER LP

CIK 0000928196 · 400 CROSSING BOULEVARD, FOURTH FLOOR, BRIDGEWATER, NJ, 08807 · 9082187900

Reported Value
$25.6B
Q1 2021
Positions
154
Filings on Record
30
2019–present window
Filed
May 17, 2021
original filing

Summary

Harding Loevner LP reported $25.6B in U.S.-listed holdings across 154 positions for Q1 2021.

Its largest position, TSM, represents 6.2% of the portfolio.

Compared with Q4 2020, the fund opened 12 new positions and exited 5.

Portfolio Metrics

Turnover
+14.2%
vs prior filed quarter
Top-10 Concentration
+35.2%
share of reported value
Largest Position
+6.2%
Taiwan Semiconductor Mfg
New / Exited
12 / 5
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $17.3BQ4 ’18Q1 ’19: $21.3BQ2 ’19: $21.8BQ3 ’19: $21.2BQ4 ’19: $22.5BQ4 ’19Q1 ’20: $17.9BQ2 ’20: $20.9BQ3 ’20: $27.7BQ4 ’20: $24.2BQ4 ’20Q1 ’21: $25.6BQ2 ’21: $26.6BQ3 ’21: $25.1BQ4 ’21: $26.1BQ4 ’21Q1 ’22: $18.2BQ2 ’22: $16.2BQ3 ’22: $15.3BQ4 ’22: $17.4BQ4 ’22Q1 ’23: $17.6BQ2 ’23: $17.1BQ3 ’23: $15.1BQ4 ’23: $17.8BQ4 ’23Q1 ’24: $16.2BQ2 ’24: $18.1BQ3 ’24: $17.3BQ4 ’24: $14.8BQ4 ’24Q1 ’25: $13.1BQ2 ’25: $14.9BQ3 ’25: $13.6BQ4 ’25: $11.4BQ4 ’25Q1 ’26: $9.7Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 53.0%ADR: 38.0%Other: 8.8%ETP: 0.3%
  • Common Stock · 53.0% · $13.5B
  • ADR · 38.0% · $9.7B
  • Other · 8.8% · $2.3B
  • ETP · 0.3% · $67M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ALCON AGNEW+1.78M1.78M+$125M$125M
ASAIYSENDAS DISTRIBUIDORA S ANEW+4.04M4.04M+$52M$52M
P T TELEKOMUNIKASI INDONESIANEW+336.6K336.6K+$8M$8M
ACCENTURE PLC IRELANDNEW+20.2K20.2K+$6M$6M
TALTAL EDUCATION GROUPNEW+1.8K1.8K+$96,000$96,000
SYBTSTOCK YDS BANCORP INCNEW+787787+$40,000$40,000
OLLIOLLIES BARGAIN OUTLET HLDGSNEW+440440+$38,000$38,000
RSGREPUBLIC SVCS INCNEW+185185+$18,000$18,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2021

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS6.22%$1.6B13.43M
2BHP GROUP LTDSPONSORED ADS4.21%$1.1B15.52M
3HDBHDFC BANK LTDhistory →SPONSORED ADS3.88%$991M12.76M
4BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS3.47%$888M3.92M
5EPAMEPAM SYS INChistory →COM3.38%$865M2.18M
6PYPLPAYPAL HLDGS INChistory →COM3.09%$790M3.25M
7FRCBFIRST REP BK SAN FRANCISCO Chistory →COM2.87%$734M4.40M
8SIVBEURSVB FINANCIAL GROUPhistory →COM2.72%$695M1.41M
9ITAU UNIBANCO HLDG S ASPON ADR REP PFD2.65%$678M136.76M
10SAPSAP SEhistory →SPON ADR2.65%$676M5.51M
11GOOGLALPHABET INChistory →CAP STK CL A2.64%$675M327.1K
12FMXFOMENTO ECONOMICO MEXICANO Shistory →SPON ADR UNITS2.61%$668M8.87M
13YANDEX N VSHS CLASS A2.45%$626M9.77M
14AMZNAMAZON COM INChistory →COM2.32%$593M191.6K
15DEDEERE & COhistory →COM2.27%$579M1.55M
16CHECK POINT SOFTWARE TECH LTORD2.17%$555M4.95M
17IBNICICI BANK LIMITEDhistory →ADR2.13%$544M33.91M
18ILMNILLUMINA INChistory →COM2.10%$536M1.39M
19ABEVAMBEV SAhistory →SPONSORED ADR2.04%$521M190.28M
20CMECME GROUP INChistory →COM2.02%$515M2.52M
21METAFACEBOOK INChistory →CL A1.98%$507M1.72M
22VRTXVERTEX PHARMACEUTICALS INChistory →COM1.67%$426M1.98M
23MSFTMICROSOFT CORPhistory →COM1.62%$414M1.75M
24CNRCANADIAN NATL RY COhistory →COM1.55%$396M3.41M
25NKENIKE INChistory →CL B1.54%$392M2.95M
26ADBEADOBE SYSTEMS INCORPORATEDhistory →COM1.42%$362M762.0K
27AFWALIGN TECHNOLOGY INChistory →COM1.31%$334M616.9K
28EBAEBAY INC.history →COM1.28%$327M5.35M
29ASML HOLDING N VN Y REGISTRY SHS1.08%$276M447.3K
30TMOTHERMO FISHER SCIENTIFIC INChistory →COM1.05%$267M585.8K
31NEW ORIENTAL ED & TECHNOLOGYSPON ADR1.01%$258M18.40M
32SNPSSYNOPSYS INChistory →COM1.00%$257M1.04M
33SLBSCHLUMBERGER LTDhistory →COM0.98%$250M9.20M
34ETSYETSY INChistory →COM0.97%$249M1.23M
35NVDANVIDIA CORPORATIONhistory →COM0.92%$234M439.1K
36DISDISNEY WALT COhistory →COM0.90%$230M1.24M
37ELLAUDER ESTEE COS INChistory →CL A0.89%$228M785.1K
38TWTRADEWEB MKTS INChistory →CL A0.88%$226M3.05M
39UNHUNITEDHEALTH GROUP INChistory →COM0.87%$223M600.0K
40BBDBANCO BRADESCO S Ahistory →SP ADR PFD NEW0.86%$220M46.71M
41RIORIO TINTO PLChistory →SPONSORED ADR0.85%$217M2.80M
42AAPLAPPLE INChistory →COM0.84%$214M1.75M
43WDAYWORKDAY INChistory →CL A0.83%$212M853.6K
44AMEAMETEK INChistory →COM0.79%$201M1.58M
45CLVTRIP COM GROUP LTDhistory →ADS0.78%$200M5.05M
46CRMSALESFORCE COM INChistory →COM0.76%$194M917.4K
47BIDUNBAIDU INChistory →SPON ADR REP A0.75%$193M886.6K
48MAMASTERCARD INCORPORATEDhistory →CL A0.75%$191M537.2K
49EWEDWARDS LIFESCIENCES CORPhistory →COM0.73%$187M2.24M
50ASRGRUPO AEROPORTUARIO DEL SUREhistory →SPON ADR SER B0.73%$187M1.05M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$9.7B73May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$11.4B76Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$13.6B71Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$14.9B68Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$13.1B67May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$14.8B67Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$17.3B67Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$18.1B70Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$16.2B69May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$17.8B72Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$15.1B71Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$17.1B69Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$17.6B74May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$17.4B82Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$15.3B162Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$16.2B153Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$18.2B153May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$26.1B160Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$25.1B147Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$26.6B157Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$25.6B154May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$24.2B147Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$27.7B178Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$20.9B150Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$17.9B147May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$22.5B140Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$21.2B134Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$21.8B135Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$21.3B132May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$17.3B139Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.