13F HOLDINGS REPORT
HARDING LOEVNER LP
Quarter ended Q2 2025 · Filed August 14, 2025 · Accession 0001085146-25-005092
Total Value
$14.86B
Positions
68
Other Managers
0
Confidential Omitted
No
Holdings (68)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 5,614,431 | $1.27B | 8.56% |
| 2 | HDFC BANK LTD | HDB | 14,156,272 | $1.09B | 7.30% |
| 3 | SAP SE | SAPGF | 2,465,593 | $749.7M | 5.04% |
| 4 | ALCON AG | ALC | 7,007,181 | $618.6M | 4.16% |
| 5 | MERCADOLIBRE INC | MELI | 223,680 | $584.7M | 3.93% |
| 6 | FOMENTO ECONOMICO MEXICANO S | 344419106 | 5,408,814 | $556.9M | 3.75% |
| 7 | MICROSOFT CORP | MSFT | 970,400 | $482.7M | 3.25% |
| 8 | LINDE PLC | LIN | 948,412 | $445.0M | 2.99% |
| 9 | NETFLIX INC | NFLX | 306,655 | $410.6M | 2.76% |
| 10 | ALPHABET INC | GOOG | 2,317,026 | $408.4M | 2.75% |
| 11 | AMAZON COM INC | AMZN | 1,854,371 | $406.8M | 2.74% |
| 12 | BHP GROUP LTD | BHPLF | 7,932,302 | $381.5M | 2.57% |
| 13 | META PLATFORMS INC | META | 480,942 | $355.0M | 2.39% |
| 14 | CREDICORP LTD | BAP | 1,577,714 | $352.7M | 2.37% |
| 15 | NETEASE INC | NETTF | 2,582,636 | $347.6M | 2.34% |
| 16 | VERTEX PHARMACEUTICALS INC | VRTX | 711,611 | $316.8M | 2.13% |
| 17 | TRADEWEB MKTS INC | 892672106 | 1,782,816 | $261.0M | 1.76% |
| 18 | CME GROUP INC | CME | 946,808 | $261.0M | 1.76% |
| 19 | RYANAIR HOLDINGS PLC | RYAOF | 4,387,970 | $253.1M | 1.70% |
| 20 | SONY GROUP CORP | SNEJF | 9,631,000 | $250.6M | 1.69% |
| 21 | CANADIAN NATL RY CO | 136375102 | 2,325,177 | $241.9M | 1.63% |
| 22 | HALEON PLC | HLNCF | 22,551,041 | $233.8M | 1.57% |
| 23 | SHELL PLC | RYDAF | 3,312,679 | $233.3M | 1.57% |
| 24 | DEERE & CO | DE | 454,468 | $231.1M | 1.55% |
| 25 | ASML HOLDING N V | ASMLF | 276,554 | $221.5M | 1.49% |
| 26 | ZTO EXPRESS CAYMAN INC | ZTOEF | 12,321,785 | $218.8M | 1.47% |
| 27 | BROADCOM INC | AVGO | 764,985 | $210.9M | 1.42% |
| 28 | BOOKING HOLDINGS INC | BKNG | 34,926 | $202.2M | 1.36% |
| 29 | MANULIFE FINL CORP | 56501R106 | 6,137,932 | $196.1M | 1.32% |
| 30 | NVIDIA CORPORATION | NVDA | 1,019,781 | $161.1M | 1.08% |
| 31 | HEICO CORP NEW | HEI-A | 442,150 | $145.0M | 0.98% |
| 32 | SYNOPSYS INC | SNPS | 281,564 | $144.4M | 0.97% |
| 33 | AMPHENOL CORP NEW | 032095101 | 1,443,477 | $142.6M | 0.96% |
| 34 | ADOBE INC | ADBE | 360,066 | $139.3M | 0.94% |
| 35 | BANCO BILBAO VIZCAYA ARGENTA | BBVXF | 8,868,895 | $136.4M | 0.92% |
| 36 | SERVICENOW INC | NOW | 130,575 | $134.2M | 0.90% |
| 37 | APPLIED MATLS INC | 038222105 | 712,217 | $130.4M | 0.88% |
| 38 | THE TRADE DESK INC | 88339J105 | 1,791,295 | $129.0M | 0.87% |
| 39 | ACCENTURE PLC IRELAND | ACN | 429,388 | $128.3M | 0.86% |
| 40 | COSTAR GROUP INC | CSGP | 1,467,080 | $118.0M | 0.79% |
| 41 | DANAHER CORPORATION | 235851102 | 570,834 | $112.8M | 0.76% |
| 42 | RIO TINTO PLC | RTNTF | 1,903,949 | $111.1M | 0.75% |
| 43 | ABBVIE INC | ABBV | 592,388 | $110.0M | 0.74% |
| 44 | AMETEK INC | AME | 577,923 | $104.6M | 0.70% |
| 45 | VISA INC | V | 281,841 | $100.1M | 0.67% |
| 46 | ATKORE INC | ATKR | 1,338,162 | $94.4M | 0.64% |
| 47 | PROGRESSIVE CORP | 743315103 | 349,554 | $93.3M | 0.63% |
| 48 | THERMO FISHER SCIENTIFIC INC | TMO | 229,531 | $93.1M | 0.63% |
| 49 | JOHNSON & JOHNSON | JNJ | 579,182 | $88.5M | 0.60% |
| 50 | HONEYWELL INTL INC | 438516106 | 372,417 | $86.7M | 0.58% |
| 51 | P T TELEKOMUNIKASI INDONESIA | 715684106 | 5,015,102 | $85.0M | 0.57% |
| 52 | SCHLUMBERGER LTD | SLB | 2,305,795 | $77.9M | 0.52% |
| 53 | NORTHROP GRUMMAN CORP | NOC | 151,207 | $75.6M | 0.51% |
| 54 | GLOBANT S A | GLOB | 769,843 | $69.9M | 0.47% |
| 55 | GENMAB A/S | GNMSF | 2,923,439 | $60.4M | 0.41% |
| 56 | SALESFORCE INC | CRM | 179,859 | $49.0M | 0.33% |
| 57 | VANGUARD INTL EQUITY INDEX F | 922042775 | 649,338 | $43.6M | 0.29% |
| 58 | NOVARTIS AG | NVSEF | 313,527 | $37.9M | 0.26% |
| 59 | TENARIS S A | 88031M109 | 450,593 | $16.9M | 0.11% |
| 60 | KASPI KZ JSC | 48581R205 | 151,360 | $12.8M | 0.09% |
| 61 | ITAU UNIBANCO HLDG S A | 465562106 | 1,747,688 | $11.9M | 0.08% |
| 62 | ISHARES TR | 46429B598 | 157,699 | $8.8M | 0.06% |
| 63 | GRUPO CIBEST SA | CIB | 189,494 | $8.8M | 0.06% |
| 64 | EPAM SYS INC | EPAM | 40,538 | $7.2M | 0.05% |
| 65 | ICICI BANK LIMITED | IBN | 76,478 | $2.6M | 0.02% |
| 66 | ISHARES TR | 464288257 | 14,287 | $1.8M | 0.01% |
| 67 | VANGUARD TAX-MANAGED FDS | 921943858 | 23,578 | $1.3M | 0.01% |
| 68 | ISHARES TR | 464287465 | 3,158 | $282,356 | 0.00% |