Institutional
HARDING LOEVNER LP
CIK 0000928196
$9.72B
Reported AUM
73
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · HARDING LOEVNER LP · Q1 2026
AI · grounded in 13F
HARDING LOEVNER LP established a new position in RGA valued at $142.3M. The fund also initiated new stakes in AZN for $80.5M and NVT for $73.9M. On the sell side, the fund nearly exited its position in ALC, reducing shares by 99.5%. Other notable reductions include trimming holdings in BKNG by 42.5% and HDB by 41%.
Portfolio · Q1 2026
Top holdings
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | $374.56 | -4.52% | 61.05% | 241.53% | $1.18B | 12.18% | — | HELD |
| 2 | FMX | FOMENTO ECONOMICO MEXICANO S | $121.06 | -5.22% | 44.25% | 67.81% | $617.4M | 6.35% | — | HELD |
| 3 | BAP | CREDICORP LTD | $383.93 | -1.29% | 72.23% | 375.73% | $449.6M | 4.63% | — | HELD |
| 4 | HDB | HDFC BANK LTD | $24.03 | 1.91% | -37.71% | -35.22% | $369.7M | 3.80% | — | HELD |
| 5 | RYAAY | RYANAIR HOLDINGS PLC | $57.86 | -3.23% | -2.24% | 44.93% | $357.8M | 3.68% | — | HELD |
| 6 | MELI | MERCADOLIBRE INC | $1863.31 | 0.04% | -21.62% | -0.28% | $322.6M | 3.32% | — | HELD |
| 7 | CNI | CANADIAN NATL RY CO | $129.84 | 0.25% | 42.07% | 21.43% | $292.1M | 3.01% | — | HELD |
| 8 | ASML | ASML HLDG NV | $1549.45 | -2.12% | 130.99% | 99.17% | $285.8M | 2.94% | — | HELD |
| 9 | NICE | NICE LTD | $105.02 | 3.56% | -33.55% | -65.12% | $279.3M | 2.87% | — | HELD |
| 10 | SHEL | SHELL PLC | $88.34 | 2.48% | 24.32% | 158.60% | $266.4M | 2.74% | — | HELD |
| 11 | GOOGL | ALPHABET INC | $336.30 | 0.78% | 76.51% | 132.04% | $261.2M | 2.69% | — | HELD |
| 12 | NTES | NETEASE COM INC | $129.62 | 1.78% | 4.02% | 47.82% | $260.1M | 2.68% | — | HELD |
| 13 | AMZN | AMAZON COM INC | $226.46 | -1.91% | 7.50% | 33.03% | $234.1M | 2.41% | — | HELD |
| 14 | NVDA | NVIDIA CORPORATION | $190.16 | -3.48% | 13.56% | 782.99% | $221.8M | 2.28% | — | HELD |
| 15 | MSFT | MICROSOFT CORP | $390.50 | -0.72% | -24.89% | 34.54% | $200.1M | 2.06% | — | HELD |
| 16 | RIO | RIO TINTO PLC | $93.66 | 2.20% | 62.69% | 69.85% | $184.0M | 1.89% | — | HELD |
| 17 | NFLX | NETFLIX INC. | $73.62 | 1.71% | -37.52% | 27.18% | $179.1M | 1.84% | — | HELD |
| 18 | META | META PLATFORMS INC | $585.07 | -1.41% | -20.62% | 57.79% | $170.4M | 1.75% | — | HELD |
| 19 | HLN | HALEON PLC | $10.28 | 0.10% | 8.49% | 82.77% | $157.2M | 1.62% | — | HELD |
| 20 | MFC | MANULIFE FINL CORP | $43.91 | -1.64% | 47.03% | 177.85% | $154.4M | 1.59% | — | HELD |
| 21 | RGA | REINSURANCE GROUP AMER INC | $237.11 | -2.28% | 39.38% | 131.07% | $142.3M | 1.46% | — | HELD |
| 22 | VRTX | VERTEX PHARMACEUTICALS INC | $483.33 | -1.44% | 6.12% | 144.84% | $140.0M | 1.44% | — | HELD |
| 23 | BBVA | BANCO BILBAO VIZCAYA ARGENTA | $25.66 | -3.24% | 61.75% | 435.89% | $138.5M | 1.43% | — | HELD |
| 24 | SONY | SONY GROUP CORP | $23.27 | 2.47% | -6.81% | 12.51% | $137.4M | 1.41% | — | HELD |
| 25 | TW | TRADEWEB MKTS INC | $108.18 | 3.75% | -23.56% | 22.24% | $127.7M | 1.31% | — | HELD |
| 26 | AVGO | BROADCOM INC | $370.73 | -2.67% | 31.81% | 734.42% | $118.1M | 1.21% | — | HELD |
| 27 | SE | SEA LTD | $108.35 | 0.87% | -29.73% | -67.97% | $113.3M | 1.17% | — | HELD |
| 28 | PGR | PROGRESSIVE CORP | $220.00 | 0.22% | -2.82% | 155.24% | $113.1M | 1.16% | — | HELD |
| 29 | APH | AMPHENOL CORP | $150.37 | 4.53% | 38.85% | 292.78% | $112.8M | 1.16% | — | HELD |
| 30 | VEU | VANGUARD INTL EQUITY INDEX F | $80.65 | -1.10% | 24.78% | 48.26% | $105.1M | 1.08% | — | HELD |
| 31 | V | VISA INC | $369.54 | 0.80% | — | — | $100.0M | 1.03% | — | HELD |
| 32 | CME | CME GROUP INC | $265.44 | 2.09% | — | — | $99.9M | 1.03% | — | HELD |
| 33 | SLB | SLB LIMITED | $48.98 | -2.00% | — | — | $97.3M | 1.00% | — | HELD |
| 34 | HON | HONEYWELL INTL INC | $241.12 | -2.40% | — | — | $92.3M | 0.95% | — | HELD |
| 35 | NVS | NOVARTIS AG | $158.83 | -0.64% | — | — | $89.2M | 0.92% | — | HELD |
| 36 | GMAB | GENMAB A/S | $28.52 | -1.66% | — | — | $86.7M | 0.89% | — | HELD |
| 37 | JNJ | JOHNSON & JOHNSON | $265.69 | -0.39% | — | — | $86.2M | 0.89% | — | HELD |
| 38 | AME | AMETEK INC | $235.25 | -2.56% | — | — | $81.2M | 0.84% | — | HELD |
| 39 | AZN | ASTRAZENECA PLC | $173.32 | 0.49% | — | — | $80.5M | 0.83% | — | HELD |
| 40 | HEI | HEICO CORP NEW | $355.23 | -2.26% | — | — | $78.9M | 0.81% | — | HELD |
| 41 | BKNG | BOOKING HOLDINGS INC | $201.30 | 1.00% | — | — | $78.5M | 0.81% | — | HELD |
| 42 | TLK | TELEKOMUNIKASI IND | $14.37 | -0.14% | — | — | $78.4M | 0.81% | — | HELD |
| 43 | ABBV | ABBVIE INC | $263.62 | 0.16% | — | — | $77.8M | 0.80% | — | HELD |
| 44 | ACN | ACCENTURE PLC IRELAND | $173.22 | 5.20% | — | — | $77.2M | 0.79% | — | HELD |
| 45 | ADBE | ADOBE INC | $263.43 | 5.72% | — | — | $76.5M | 0.79% | — | HELD |
| 46 | DE | DEERE & CO | $610.95 | -4.52% | — | — | $74.5M | 0.77% | — | HELD |
| 47 | NVT | NVENT ELEC PLC | $133.61 | -5.74% | — | — | $73.9M | 0.76% | — | HELD |
| 48 | FN | FABRINET | $414.50 | -7.83% | — | — | $71.9M | 0.74% | — | HELD |
| 49 | TMO | THERMO FISHER SCIENTIFIC INC | $576.45 | 0.01% | — | — | $68.7M | 0.71% | — | HELD |
| 50 | DHR | DANAHER CORP DEL | $196.53 | -1.27% | — | — | $65.5M | 0.67% | — | HELD |
| 51 | ELV | ELEVANCE HEALTH INC FORMERLY | $375.96 | -2.53% | — | — | $62.0M | 0.64% | — | HELD |
| 52 | SAP | SAP SE | $185.99 | 3.81% | — | — | $61.5M | 0.63% | — | HELD |
| 53 | EFX | EQUIFAX INC | $187.05 | 0.02% | — | — | $58.5M | 0.60% | — | HELD |
| 54 | NOC | NORTHROP GRUMMAN CORP | $535.05 | -2.58% | — | — | $54.9M | 0.56% | — | HELD |
| 55 | ATKR | ATKORE INC | $71.43 | -7.77% | — | — | $41.5M | 0.43% | — | HELD |
| 56 | TTD | THE TRADE DESK INC | $19.09 | 0.95% | — | — | $24.3M | 0.25% | — | HELD |
| 57 | TS | TENARIS S A | $55.82 | 0.32% | — | — | $17.0M | 0.18% | — | HELD |
| 58 | ACWI | ISHARES TR | $152.47 | -1.34% | — | — | $13.2M | 0.14% | — | HELD |
| 59 | ITUB | ITAU UNIBANCO HLDG S A | $8.15 | -1.93% | — | — | $10.3M | 0.11% | — | HELD |
| 60 | CIB | GRUPO CIBEST SA | $89.47 | 0.45% | — | — | $9.3M | 0.10% | — | HELD |
| 61 | KSPI | KASPI KZ JSC | $87.14 | 0.53% | — | — | $8.8M | 0.09% | — | HELD |
| 62 | INDA | ISHARES TR | $49.17 | -0.43% | — | — | $6.8M | 0.07% | — | HELD |
| 63 | EPAM | EPAM SYS INC | $106.89 | 6.46% | — | — | $5.0M | 0.05% | — | HELD |
| 64 | BHP | BHP BILLITON LIMITED | $83.11 | -0.81% | — | — | $3.2M | 0.03% | — | HELD |
| 65 | ACWX | ISHARES TR | $73.17 | -1.04% | — | — | $3.0M | 0.03% | — | HELD |
| 66 | LIN | LINDE PLC | $511.17 | 0.00% | — | — | $2.7M | 0.03% | — | HELD |
| 67 | IBN | ICICI BANK LIMITED | $29.76 | -1.65% | — | — | $1.9M | 0.02% | — | HELD |
| 68 | ALC | ALCON AG | $69.65 | 0.78% | — | — | $1.7M | 0.02% | — | HELD |
| 69 | VEA | VANGUARD TAX-MANAGED FDS | $68.98 | -0.89% | — | — | $1.6M | 0.02% | — | HELD |
| 70 | GLOB | GLOBANT S A | $38.15 | 8.66% | — | — | $996K | 0.01% | — | HELD |
| 71 | EFA | ISHARES TR | $103.36 | -0.51% | — | — | $384K | 0.00% | — | HELD |
| 72 | EFG | ISHARES TR | $118.55 | -0.65% | — | — | $360K | 0.00% | — | HELD |
| 73 | VT | VANGUARD INTL EQUITY INDEX F | $152.22 | -1.38% | — | — | $227K | 0.00% | — | HELD |
Source: SEC EDGAR · accession 0000928196-26-000002. 13F discloses long positions only — shorts, foreign equities, and options are excluded.