Q3 2025 · 13F-HR
HARDING LOEVNER LPholdings as filed
Filed 2025-11-14 · accession 0000928196-25-000003
$13.63B
Reported value
71
Positions
2025-09-30
Period end
The Brief · HARDING LOEVNER LP · Q3 2025
AI · grounded in 13F
HARDING LOEVNER LP established a new position in TSM valued at $1.44B. The fund also initiated new stakes in HDB for $925.1M and SAP for $614.7M. Additional new positions include FMX, MELI, and LIN.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $1.44B | 10.6% | 5,160,855 | Common | SOLE |
| 40415F101 | HDB | HDFC BANK LTD | $925.1M | 6.79% | 27,078,614 | Common | SOLE |
| 803054204 | SAP | SAP SE | $614.7M | 4.51% | 2,300,337 | Common | SOLE |
| 344419106 | FMX | FOMENTO ECONOMICO MEXICANO S | $565.4M | 4.15% | 5,733,207 | Common | SOLE |
| 58733R102 | MELI | MERCADOLIBRE INC | $498.6M | 3.66% | 213,349 | Common | SOLE |
| G54950103 | LIN | LINDE PLC | $444.6M | 3.26% | 936,014 | Common | SOLE |
| 088606108 | BHP | BHP GROUP LTD | $435.8M | 3.20% | 7,817,647 | Common | SOLE |
| G2519Y108 | BAP | CREDICORP LTD | $411.1M | 3.02% | 1,543,847 | Common | SOLE |
| H01301128 | ALC | ALCON AG | $408.5M | 3.00% | 5,482,424 | Common | SOLE |
| 64110W102 | NTES | NETEASE INC | $386.3M | 2.83% | 2,541,600 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $358.6M | 2.63% | 1,475,171 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $355.6M | 2.61% | 686,547 | Common | SOLE |
| 783513203 | RYAAY | RYANAIR HOLDINGS PLC | $321.8M | 2.36% | 5,344,152 | Common | SOLE |
| 653656108 | NICE | NICE LTD | $320.7M | 2.35% | 2,215,335 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $297.4M | 2.18% | 1,354,567 | Common | SOLE |
| 81141R100 | SE | SEA LTD | $279.3M | 2.05% | 1,562,614 | Common | SOLE |
| 64110L106 | NFLX | NETFLIX INC | $268.7M | 1.97% | 224,123 | Common | SOLE |
| N07059210 | ASML | ASML HOLDING N V | $264.6M | 1.94% | 273,194 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $259.2M | 1.90% | 352,919 | Common | SOLE |
| 780259305 | SHEL | SHELL PLC | $234.0M | 1.72% | 3,270,497 | Common | SOLE |
| 835699307 | SONY | SONY GROUP CORP | $217.0M | 1.59% | 7,536,757 | Common | SOLE |
| 136375102 | CNI | CANADIAN NATL RY CO | $216.7M | 1.59% | 2,297,538 | Common | SOLE |
| 09857L108 | BKNG | BOOKING HOLDINGS INC | $204.9M | 1.50% | 37,946 | Common | SOLE |
| 12572Q105 | CME | CME GROUP INC | $186.5M | 1.37% | 690,427 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $182.3M | 1.34% | 977,338 | Common | SOLE |
| 92532F100 | VRTX | VERTEX PHARMACEUTICALS INC | $178.6M | 1.31% | 455,988 | Common | SOLE |
| 743315103 | PGR | PROGRESSIVE CORP | $170.7M | 1.25% | 691,378 | Common | SOLE |
| 05946K101 | BBVA | BANCO BILBAO VIZCAYA ARGENTA | $168.6M | 1.24% | 8,758,673 | Common | SOLE |
| 405552100 | HLN | HALEON PLC | $160.7M | 1.18% | 17,909,401 | Common | SOLE |
| 56501R106 | MFC | MANULIFE FINL CORP | $158.2M | 1.16% | 5,077,216 | Common | SOLE |
| 032095101 | APH | AMPHENOL CORP NEW | $154.9M | 1.14% | 1,251,914 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $148.9M | 1.09% | 451,298 | Common | SOLE |
| 244199105 | DE | DEERE & CO | $148.5M | 1.09% | 324,719 | Common | SOLE |
| 892672106 | TW | TRADEWEB MKTS INC | $144.7M | 1.06% | 1,303,676 | Common | SOLE |
| 767204100 | RIO | RIO TINTO PLC | $124.6M | 0.91% | 1,887,696 | Common | SOLE |
| 871607107 | SNPS | SYNOPSYS INC | $118.5M | 0.87% | 240,194 | Common | SOLE |
| G1151C101 | ACN | ACCENTURE PLC IRELAND | $116.0M | 0.85% | 470,517 | Common | SOLE |
| 372303206 | GMAB | GENMAB A/S | $106.9M | 0.78% | 3,484,487 | Common | SOLE |
| 00724F101 | ADBE | ADOBE INC | $106.2M | 0.78% | 301,169 | Common | SOLE |
| 422806109 | HEI | HEICO CORP NEW | $106.1M | 0.78% | 328,553 | Common | SOLE |
| 00287Y109 | ABBV | ABBVIE INC | $99.7M | 0.73% | 430,494 | Common | SOLE |
| 715684106 | TLK | P T TELEKOMUNIKASI INDONESIA | $92.7M | 0.68% | 4,925,278 | Common | SOLE |
| 22160N109 | CSGP | COSTAR GROUP INC | $91.4M | 0.67% | 1,083,322 | Common | SOLE |
| 81762P102 | NOW | SERVICENOW INC | $88.4M | 0.65% | 96,013 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $82.4M | 0.60% | 415,656 | Common | SOLE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $81.8M | 0.60% | 168,576 | Common | SOLE |
| 031100100 | AME | AMETEK INC | $80.8M | 0.59% | 429,956 | Common | SOLE |
| 66987V109 | NVS | NOVARTIS AG | $80.8M | 0.59% | 629,958 | Common | SOLE |
| 036752103 | ELV | ELEVANCE HEALTH INC FORMERLY | $79.6M | 0.58% | 246,365 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $78.8M | 0.58% | 424,760 | Common | SOLE |
| 92826C839 | V | VISA INC | $69.6M | 0.51% | 203,944 | Common | SOLE |
| 806857108 | SLB | SCHLUMBERGER LTD | $67.6M | 0.50% | 1,965,908 | Common | SOLE |
| 666807102 | NOC | NORTHROP GRUMMAN CORP | $64.3M | 0.47% | 105,511 | Common | SOLE |
| 88339J105 | TTD | THE TRADE DESK INC | $63.2M | 0.46% | 1,289,848 | Common | SOLE |
| 922042775 | VEU | VANGUARD INTL EQUITY INDEX F | $60.0M | 0.44% | 840,898 | Common | SOLE |
| 047649108 | ATKR | ATKORE INC | $56.2M | 0.41% | 895,998 | Common | SOLE |
| 438516106 | HON | HONEYWELL INTL INC | $55.8M | 0.41% | 265,293 | Common | SOLE |
| L44385109 | GLOB | GLOBANT S A | $34.3M | 0.25% | 597,231 | Common | SOLE |
| 98980A105 | ZTO | ZTO EXPRESS CAYMAN INC | $17.1M | 0.13% | 892,018 | Common | SOLE |
| 88031M109 | TS | TENARIS S A | $14.6M | 0.11% | 408,147 | Common | SOLE |
| 48581R205 | KSPI | KASPI KZ JSC | $12.6M | 0.09% | 154,802 | Common | SOLE |
| 465562106 | ITUB | ITAU UNIBANCO HLDG S A | $11.9M | 0.09% | 1,615,455 | Common | SOLE |
| 40090E106 | CIB | GRUPO CIBEST SA | $9.0M | 0.07% | 172,490 | Common | SOLE |
| 464288257 | ACWI | ISHARES TR | $8.8M | 0.06% | 63,515 | Common | SOLE |
| 46429B598 | INDA | ISHARES TR | $8.2M | 0.06% | 157,699 | Common | SOLE |
| 29414B104 | EPAM | EPAM SYS INC | $5.6M | 0.04% | 37,181 | Common | SOLE |
| 45104G104 | IBN | ICICI BANK LIMITED | $2.3M | 0.02% | 75,629 | Common | SOLE |
| 464288240 | ACWX | ISHARES TR | $1.3M | 0.01% | 19,823 | Common | SOLE |
| 921943858 | VEA | VANGUARD TAX-MANAGED FDS | $1.1M | 0.01% | 17,814 | Common | SOLE |
| 464288885 | EFG | ISHARES TR | $844,762 | 0.01% | 7,418 | Common | SOLE |
| 464287465 | EFA | ISHARES TR | $224,027 | 0.00% | 2,399 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.