13F HOLDINGS REPORT
HARDING LOEVNER LP
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0000928196-25-000003
Total Value
$13.63B
Positions
71
Other Managers
0
Confidential Omitted
No
Holdings (71)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 5,160,855 | $1.44B | 10.57% |
| 2 | HDFC BANK LTD | HDB | 27,078,614 | $925.1M | 6.79% |
| 3 | SAP SE | SAPGF | 2,300,337 | $614.7M | 4.51% |
| 4 | FOMENTO ECONOMICO MEXICANO S | 344419106 | 5,733,207 | $565.4M | 4.15% |
| 5 | MERCADOLIBRE INC | MELI | 213,349 | $498.6M | 3.66% |
| 6 | LINDE PLC | LIN | 936,014 | $444.6M | 3.26% |
| 7 | BHP GROUP LTD | BHPLF | 7,817,647 | $435.8M | 3.20% |
| 8 | CREDICORP LTD | BAP | 1,543,847 | $411.1M | 3.02% |
| 9 | ALCON AG | ALC | 5,482,424 | $408.5M | 3.00% |
| 10 | NETEASE INC | NETTF | 2,541,600 | $386.3M | 2.83% |
| 11 | ALPHABET INC | GOOG | 1,475,171 | $358.6M | 2.63% |
| 12 | MICROSOFT CORP | MSFT | 686,547 | $355.6M | 2.61% |
| 13 | RYANAIR HOLDINGS PLC | RYAOF | 5,344,152 | $321.8M | 2.36% |
| 14 | NICE LTD | NCSYF | 2,215,335 | $320.7M | 2.35% |
| 15 | AMAZON COM INC | AMZN | 1,354,567 | $297.4M | 2.18% |
| 16 | SEA LTD | SE | 1,562,614 | $279.3M | 2.05% |
| 17 | NETFLIX INC | NFLX | 224,123 | $268.7M | 1.97% |
| 18 | ASML HOLDING N V | ASMLF | 273,194 | $264.6M | 1.94% |
| 19 | META PLATFORMS INC | META | 352,919 | $259.2M | 1.90% |
| 20 | SHELL PLC | RYDAF | 3,270,497 | $234.0M | 1.72% |
| 21 | SONY GROUP CORP | SNEJF | 7,536,757 | $217.0M | 1.59% |
| 22 | CANADIAN NATL RY CO | 136375102 | 2,297,538 | $216.7M | 1.59% |
| 23 | BOOKING HOLDINGS INC | BKNG | 37,946 | $204.9M | 1.50% |
| 24 | CME GROUP INC | CME | 690,427 | $186.5M | 1.37% |
| 25 | NVIDIA CORPORATION | NVDA | 977,338 | $182.3M | 1.34% |
| 26 | VERTEX PHARMACEUTICALS INC | VRTX | 455,988 | $178.6M | 1.31% |
| 27 | PROGRESSIVE CORP | 743315103 | 691,378 | $170.7M | 1.25% |
| 28 | BANCO BILBAO VIZCAYA ARGENTA | BBVXF | 8,758,673 | $168.6M | 1.24% |
| 29 | HALEON PLC | HLNCF | 17,909,401 | $160.7M | 1.18% |
| 30 | MANULIFE FINL CORP | 56501R106 | 5,077,216 | $158.2M | 1.16% |
| 31 | AMPHENOL CORP NEW | 032095101 | 1,251,914 | $154.9M | 1.14% |
| 32 | BROADCOM INC | AVGO | 451,298 | $148.9M | 1.09% |
| 33 | DEERE & CO | DE | 324,719 | $148.5M | 1.09% |
| 34 | TRADEWEB MKTS INC | 892672106 | 1,303,676 | $144.7M | 1.06% |
| 35 | RIO TINTO PLC | RTNTF | 1,887,696 | $124.6M | 0.91% |
| 36 | SYNOPSYS INC | SNPS | 240,194 | $118.5M | 0.87% |
| 37 | ACCENTURE PLC IRELAND | ACN | 470,517 | $116.0M | 0.85% |
| 38 | GENMAB A/S | GNMSF | 3,484,487 | $106.9M | 0.78% |
| 39 | ADOBE INC | ADBE | 301,169 | $106.2M | 0.78% |
| 40 | HEICO CORP NEW | HEI-A | 328,553 | $106.1M | 0.78% |
| 41 | ABBVIE INC | ABBV | 430,494 | $99.7M | 0.73% |
| 42 | P T TELEKOMUNIKASI INDONESIA | 715684106 | 4,925,278 | $92.7M | 0.68% |
| 43 | COSTAR GROUP INC | CSGP | 1,083,322 | $91.4M | 0.67% |
| 44 | SERVICENOW INC | NOW | 96,013 | $88.4M | 0.65% |
| 45 | DANAHER CORPORATION | 235851102 | 415,656 | $82.4M | 0.60% |
| 46 | THERMO FISHER SCIENTIFIC INC | TMO | 168,576 | $81.8M | 0.60% |
| 47 | AMETEK INC | AME | 429,956 | $80.8M | 0.59% |
| 48 | NOVARTIS AG | NVSEF | 629,958 | $80.8M | 0.59% |
| 49 | ELEVANCE HEALTH INC FORMERLY | ELV | 246,365 | $79.6M | 0.58% |
| 50 | JOHNSON & JOHNSON | JNJ | 424,760 | $78.8M | 0.58% |
| 51 | VISA INC | V | 203,944 | $69.6M | 0.51% |
| 52 | SCHLUMBERGER LTD | SLB | 1,965,908 | $67.6M | 0.50% |
| 53 | NORTHROP GRUMMAN CORP | NOC | 105,511 | $64.3M | 0.47% |
| 54 | THE TRADE DESK INC | 88339J105 | 1,289,848 | $63.2M | 0.46% |
| 55 | VANGUARD INTL EQUITY INDEX F | 922042775 | 840,898 | $60.0M | 0.44% |
| 56 | ATKORE INC | ATKR | 895,998 | $56.2M | 0.41% |
| 57 | HONEYWELL INTL INC | 438516106 | 265,293 | $55.8M | 0.41% |
| 58 | GLOBANT S A | GLOB | 597,231 | $34.3M | 0.25% |
| 59 | ZTO EXPRESS CAYMAN INC | ZTOEF | 892,018 | $17.1M | 0.13% |
| 60 | TENARIS S A | 88031M109 | 408,147 | $14.6M | 0.11% |
| 61 | KASPI KZ JSC | 48581R205 | 154,802 | $12.6M | 0.09% |
| 62 | ITAU UNIBANCO HLDG S A | 465562106 | 1,615,455 | $11.9M | 0.09% |
| 63 | GRUPO CIBEST SA | CIB | 172,490 | $9.0M | 0.07% |
| 64 | ISHARES TR | 464288257 | 63,515 | $8.8M | 0.06% |
| 65 | ISHARES TR | 46429B598 | 157,699 | $8.2M | 0.06% |
| 66 | EPAM SYS INC | EPAM | 37,181 | $5.6M | 0.04% |
| 67 | ICICI BANK LIMITED | IBN | 75,629 | $2.3M | 0.02% |
| 68 | ISHARES TR | 464288240 | 19,823 | $1.3M | 0.01% |
| 69 | VANGUARD TAX-MANAGED FDS | 921943858 | 17,814 | $1.1M | 0.01% |
| 70 | ISHARES TR | 464288885 | 7,418 | $844,762 | 0.01% |
| 71 | ISHARES TR | 464287465 | 2,399 | $224,027 | 0.00% |