13F HOLDINGS REPORT
HARDING LOEVNER LP
Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0000928196-26-000001
Total Value
$11.37B
Positions
76
Other Managers
0
Confidential Omitted
No
Holdings (76)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 4,336,799 | $1.32B | 11.60% |
| 2 | HDFC BANK LTD | HDB | 25,187,687 | $920.3M | 8.10% |
| 3 | FOMENTO ECONOMICO MEXICANO S | 344419106 | 5,934,259 | $599.8M | 5.28% |
| 4 | CREDICORP LTD | BAP | 1,421,564 | $408.0M | 3.59% |
| 5 | MERCADOLIBRE INC | MELI | 196,516 | $396.0M | 3.48% |
| 6 | ALCON AG | ALC | 4,810,865 | $379.2M | 3.34% |
| 7 | RYANAIR HOLDINGS PLC | RYAOF | 4,966,655 | $358.5M | 3.15% |
| 8 | NETEASE INC | NETTF | 2,476,401 | $340.8M | 3.00% |
| 9 | ASML HOLDING N V | ASMLF | 301,762 | $323.2M | 2.84% |
| 10 | ALPHABET INC | GOOG | 1,005,928 | $314.9M | 2.77% |
| 11 | NICE LTD | NCSYF | 2,580,589 | $291.7M | 2.57% |
| 12 | MICROSOFT CORP | MSFT | 598,366 | $289.4M | 2.55% |
| 13 | AMAZON COM INC | AMZN | 1,163,957 | $268.7M | 2.36% |
| 14 | SHELL PLC | RYDAF | 3,029,364 | $222.6M | 1.96% |
| 15 | CANADIAN NATL RY CO | 136375102 | 2,143,651 | $211.9M | 1.86% |
| 16 | META PLATFORMS INC | META | 311,238 | $205.4M | 1.81% |
| 17 | SEA LTD | SE | 1,498,337 | $191.2M | 1.68% |
| 18 | NETFLIX INC | NFLX | 1,924,053 | $180.4M | 1.59% |
| 19 | SONY GROUP CORP | SNEJF | 7,042,473 | $180.3M | 1.59% |
| 20 | VERTEX PHARMACEUTICALS INC | VRTX | 391,865 | $177.7M | 1.56% |
| 21 | BOOKING HOLDINGS INC | BKNG | 32,409 | $173.6M | 1.53% |
| 22 | MANULIFE FINL CORP | 56501R106 | 4,727,041 | $171.5M | 1.51% |
| 23 | HALEON PLC | HLNCF | 16,615,687 | $168.0M | 1.48% |
| 24 | RIO TINTO PLC | RTNTF | 2,053,870 | $164.4M | 1.45% |
| 25 | BANCO BILBAO VIZCAYA ARGENTA | BBVXF | 6,962,519 | $162.3M | 1.43% |
| 26 | CME GROUP INC | CME | 593,278 | $162.0M | 1.43% |
| 27 | NVIDIA CORPORATION | NVDA | 859,326 | $160.3M | 1.41% |
| 28 | VANGUARD INTL EQUITY INDEX F | 922042775 | 1,918,731 | $141.1M | 1.24% |
| 29 | BROADCOM INC | AVGO | 393,763 | $136.3M | 1.20% |
| 30 | PROGRESSIVE CORP | 743315103 | 587,141 | $133.7M | 1.18% |
| 31 | AMPHENOL CORP NEW | 032095101 | 954,359 | $129.0M | 1.13% |
| 32 | TRADEWEB MKTS INC | 892672106 | 1,121,185 | $120.6M | 1.06% |
| 33 | ADOBE INC | ADBE | 328,484 | $115.0M | 1.01% |
| 34 | ACCENTURE PLC IRELAND | ACN | 409,515 | $109.9M | 0.97% |
| 35 | GENMAB A/S | GNMSF | 3,370,143 | $103.9M | 0.91% |
| 36 | P T TELEKOMUNIKASI INDONESIA | 715684106 | 4,476,641 | $94.2M | 0.83% |
| 37 | SAP SE | SAPGF | 386,893 | $94.0M | 0.83% |
| 38 | HEICO CORP NEW | HEI-A | 284,395 | $92.0M | 0.81% |
| 39 | AMETEK INC | AME | 421,690 | $86.6M | 0.76% |
| 40 | HONEYWELL INTL INC | 438516106 | 438,098 | $85.5M | 0.75% |
| 41 | ABBVIE INC | ABBV | 370,833 | $84.7M | 0.75% |
| 42 | THERMO FISHER SCIENTIFIC INC | TMO | 145,025 | $84.0M | 0.74% |
| 43 | VISA INC | V | 239,587 | $84.0M | 0.74% |
| 44 | NOVARTIS AG | NVSEF | 603,387 | $83.2M | 0.73% |
| 45 | DANAHER CORPORATION | 235851102 | 360,923 | $82.6M | 0.73% |
| 46 | ELEVANCE HEALTH INC FORMERLY | ELV | 220,725 | $77.4M | 0.68% |
| 47 | JOHNSON & JOHNSON | JNJ | 365,029 | $75.5M | 0.66% |
| 48 | SLB LIMITED | SLB | 1,850,343 | $71.0M | 0.62% |
| 49 | EQUIFAX INC | EFX | 321,343 | $69.7M | 0.61% |
| 50 | DEERE & CO | DE | 142,343 | $66.3M | 0.58% |
| 51 | FABRINET | FN | 139,687 | $63.6M | 0.56% |
| 52 | COSTAR GROUP INC | CSGP | 920,272 | $61.9M | 0.54% |
| 53 | NORTHROP GRUMMAN CORP | NOC | 89,814 | $51.2M | 0.45% |
| 54 | ATKORE INC | ATKR | 732,753 | $46.3M | 0.41% |
| 55 | THE TRADE DESK INC | 88339J105 | 1,098,217 | $41.7M | 0.37% |
| 56 | ISHARES TR | 464288240 | 283,184 | $19.0M | 0.17% |
| 57 | ISHARES TR | 46429B598 | 253,039 | $13.7M | 0.12% |
| 58 | TENARIS S A | 88031M109 | 311,282 | $12.0M | 0.11% |
| 59 | VANGUARD TAX-MANAGED FDS | 921943858 | 168,181 | $10.5M | 0.09% |
| 60 | KASPI KZ JSC | 48581R205 | 123,009 | $9.6M | 0.08% |
| 61 | ITAU UNIBANCO HLDG S A | 465562106 | 1,307,297 | $9.4M | 0.08% |
| 62 | GRUPO CIBEST SA | CIB | 142,512 | $9.1M | 0.08% |
| 63 | ICICI BANK LIMITED | IBN | 299,318 | $8.9M | 0.08% |
| 64 | ISHARES INC | 46434G772 | 139,760 | $8.9M | 0.08% |
| 65 | ISHARES TR | 464288257 | 55,069 | $7.8M | 0.07% |
| 66 | GLOBANT S A | GLOB | 105,261 | $6.9M | 0.06% |
| 67 | EPAM SYS INC | EPAM | 30,611 | $6.3M | 0.06% |
| 68 | ISHARES TR | 464287234 | 83,350 | $4.6M | 0.04% |
| 69 | BHP GROUP LTD | BHPLF | 70,086 | $4.2M | 0.04% |
| 70 | LINDE PLC | LIN | 9,786 | $4.2M | 0.04% |
| 71 | ISHARES TR | 464287465 | 19,020 | $1.8M | 0.02% |
| 72 | ISHARES INC | 464286772 | 14,060 | $1.4M | 0.01% |
| 73 | VANGUARD STAR FDS | 921909768 | 16,692 | $1.3M | 0.01% |
| 74 | VANGUARD INTL EQUITY INDEX F | 922042742 | 3,728 | $525,909 | 0.00% |
| 75 | APPLIED MATLS INC | 038222105 | 809 | $207,946 | 0.00% |
| 76 | ISHARES TR | 464288885 | 1,794 | $204,372 | 0.00% |