Harding Loevner LP reported 70 positions worth $10.61B for the quarter ended Jun 30, 2026, up 10.6% on the prior quarter. It opened 8 new positions, added to 9, trimmed 53 and exited 3. Its largest holding is Taiwan Semiconductor Manufacturing Co Ltd at 12.7% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| SPOT Spotify Technology S.A. | +1.60M | – | $741.50M | 6.99% |
| CNI Canadian National Railway Co | +2.55M | +89.7% | $306.63M | 6.11% |
| SE Sea Ltd | +1.83M | +133.8% | $177.94M | 2.93% |
| AAPL Apple Inc. | +260.0K | – | $75.24M | 0.709% |
| ITUB Itau Unibanco Holding S.A. | +8.71M | +706.1% | $71.17M | 0.766% |
| JPM Jpmorgan Chase & Co | +181.4K | – | $59.38M | 0.56% |
| BBVA Banco Bilbao Vizcaya Argentaria, S.A. | +2.00M | +31.2% | $52.86M | 2.1% |
| MFC Manulife Financial Corp | +1.10M | +24.5% | $46.53M | 2.23% |
| NEE Nextera Energy Inc | +516.6K | – | $45.34M | 0.427% |
| HONA Honeywell Aerospace Inc. | +156.6K | – | $34.61M | 0.326% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| TSM Taiwan Semiconductor Manufacturing Co Ltd | -616.9K | -17.6% | $288.46M | 12.72% |
| VRTX Vertex Pharmaceuticals Inc / Ma | -312.4K | -99.6% | $155.16M | <0.01% |
| ASML Asml Holding Nv | -61.5K | -28.4% | $111.79M | 2.66% |
| CME Cme Group Inc. | -338.3K | -100.0% | $99.90M | Exited |
| HDB Hdfc Bank Ltd | -3.65M | -24.6% | $93.40M | 2.7% |
| GOOGL Alphabet Inc. | -259.0K | -28.5% | $92.54M | 2.19% |
| FN Fabrinet | -132.8K | -96.3% | $74.63M | 0.027% |
| MSFT Microsoft Corp | -172.0K | -31.8% | $64.20M | 1.3% |
| AMZN Amazon Com Inc | -253.3K | -22.5% | $60.37M | 1.96% |
| AVGO Broadcom Inc. | -127.9K | -33.5% | $48.31M | 0.903% |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| SPOT Spotify Technology S.A. | +1.60M | $741.50M | 6.99% |
| AAPL Apple Inc. | +260.0K | $75.24M | 0.709% |
| JPM Jpmorgan Chase & Co | +181.4K | $59.38M | 0.56% |
| NEE Nextera Energy Inc | +516.6K | $45.34M | 0.427% |
| HONA Honeywell Aerospace Inc. | +156.6K | $34.61M | 0.326% |
| XP XP Inc. | +162.6K | $2.64M | 0.025% |
| VIST Vista Energy, S.A.B. de C.V. | +34.1K | $2.18M | 0.021% |
| AMAT Applied Materials Inc | +432 | $312.35K | <0.01% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | TSM Taiwan Semiconductor Manufacturing Co Ltd | Technology | 2.88M | $1.35B | 12.72% | -616.9K | -17.6% | Reduced | 0.06% |
| 2 | SPOT Spotify Technology S.A. | Technology | 1.60M | $741.50M | 6.99% | +1.60M | – | New | 0.78% |
| 3 | FMX Mexican Economic Development Inc | Consumer Staples | 5.38M | $688.66M | 6.49% | -175.0K | -3.1% | Reduced | 0.31% |
| 4 | CNI Canadian National Railway Co | Industrials | 5.39M | $648.39M | 6.11% | +2.55M | +89.7% | Added | 0.88% |
| 5 | BAP Credicorp Ltd | Financial Services | 1.28M | $500.40M | 4.72% | -46.7K | -3.5% | Reduced | 1.61% |
| 6 | RYAAY Ryanair Holdings Plc | Industrials | 5.95M | $381.39M | 3.6% | -238.8K | -3.9% | Reduced | 1.14% |
| 7 | MELI Mercadolibre Inc | Technology | 184.3K | $318.08M | 3% | -2,230 | -1.2% | Reduced | 0.36% |
| 8 | SE Sea Ltd | Technology | 3.20M | $310.95M | 2.93% | +1.83M | +133.8% | Added | 0.54% |
| 9 | NTES NetEase, Inc. | Technology | 2.26M | $291.38M | 2.75% | -65.6K | -2.8% | Reduced | 0.35% |
| 10 | HDB Hdfc Bank Ltd | Financial Services | 11.21M | $286.89M | 2.7% | -3.65M | -24.6% | Reduced | 0.22% |
| 11 | ASML Asml Holding Nv | Technology | 154.8K | $281.61M | 2.66% | -61.5K | -28.4% | Reduced | 0.04% |
| 12 | SHEL Shell plc | Energy | 2.81M | $237.36M | 2.24% | -54.8K | -1.9% | Reduced | 0.1% |
| 13 | MFC Manulife Financial Corp | Financial Services | 5.58M | $236.73M | 2.23% | +1.10M | +24.5% | Added | 0.33% |
| 14 | NICE NICE Ltd. | Technology | 2.52M | $233.52M | 2.2% | -9,854 | -0.4% | Reduced | 4.05% |
| 15 | GOOGL Alphabet Inc. | Technology | 649.3K | $232.04M | 2.19% | -259.0K | -28.5% | Reduced | 0.01% |
Tip. Select a row to see that position’s full history at Harding Loevner.
As of its Q2 2026 13F filing, Harding Loevner LP’s five largest positions were Taiwan Semiconductor Manufacturing Co Ltd (TSM) at 12.7%, Spotify Technology S.A. (SPOT) at 7.0%, Mexican Economic Development Inc (FMX) at 6.5%, Canadian National Railway Co (CNI) at 6.1%, Credicorp Ltd (BAP) at 4.7% of the reported portfolio.
Harding Loevner LP reported a 13F portfolio worth $10.61B across 70 positions for Q2 2026. That is up 10.6% from the previous quarter.
Its largest purchases by value were Spotify Technology S.A. ($741.50M), Canadian National Railway Co ($306.63M), Sea Ltd ($177.94M). It opened 8 new positions.
Its largest sales by value were Taiwan Semiconductor Manufacturing Co Ltd ($288.46M), Vertex Pharmaceuticals Inc / Ma ($155.16M), Asml Holding Nv ($111.79M). It exited 3 positions entirely.
From the Form 13F-HR reports Harding Loevner LP files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.