Harding Loevner's portfolio
In the Q2 2026 13F, filed August 14, 2026, Harding Loevner reported 82 US stock positions worth $10.6B. The largest was Taiwan Semiconductor Manufacturing (TSM) at 12.7% of the portfolio. New positions: Spotify Technology (SPOT), Apple (AAPL) and JPMorgan Chase & Co (JPM). Added to: Canadian National Railway (CNI) and Banco Bilbao Viscaya Argentaria (BBVA). The Q3 2026 13F is due by November 14, 2026.
What changed in Q2 2026
Compared with the previous 13F. Values are as reported at quarter end. How to read a 13F.
New positions
- Spotify TechnologySPOT$742M
- AppleAAPL$75M
- JPMorgan Chase & CoJPM$59M
- Nextera EnergyNEE$45M
- Honeywell AerospaceHONA$35M
- XpXP$3M
- Vista Oil GasVIST$2M
- iShares Global Comm Services ETFIXP$867,499
- iShares Transportation Average ETFIYT$491,778
- iShares Global Consumer Discretionary ETFRXI$322,646
Added to
Trimmed
- Taiwan Semiconductor ManufacturingTSM$1.3B
- Fomento Economico MexicanoFMX$689M
- CredicorpBAP$500M
- Ryanair HoldingsRYAAY$381M
- MercadoLibreMELI$318M
- NetEaseNTES$291M
- HDFC BankHDB$287M
- ShellSHEL$237M
- NiceNICE$234M
- AlphabetGOOGL$232M
Sold out
None this quarter.
Holdings
82 US-listed positions in the Q2 2026 13F, largest first (top 50 shown; all of them in Investingly).
| Stock | % of portfolio | Value | Shares | Last quarter |
|---|---|---|---|---|
| Taiwan Semiconductor ManufacturingTSM | 12.68% | $1.3B | 2,884,195 | Trimmed |
| Spotify TechnologySPOT | 6.97% | $742M | 1,598,173 | New |
| Fomento Economico MexicanoFMX | 6.47% | $689M | 5,383,731 | Trimmed |
| Canadian National RailwayCNI | 6.10% | $648M | 5,390,831 | Added |
| CredicorpBAP | 4.71% | $500M | 1,278,788 | Trimmed |
| Ryanair HoldingsRYAAY | 3.59% | $381M | 5,951,510 | Trimmed |
| MercadoLibreMELI | 2.99% | $318M | 184,269 | Trimmed |
| Sea | 2.92% | $311M | 3,198,265 | Held |
| NetEaseNTES | 2.74% | $291M | 2,258,205 | Trimmed |
| HDFC BankHDB | 2.70% | $287M | 11,208,475 | Trimmed |
| Asml Hldg Nv | 2.65% | $282M | 154,841 | Held |
| ShellSHEL | 2.23% | $237M | 2,810,624 | Trimmed |
| Manulife Finl | 2.23% | $237M | 5,575,714 | Held |
| NiceNICE | 2.20% | $234M | 2,523,392 | Trimmed |
| AlphabetGOOGL | 2.18% | $232M | 649,331 | Trimmed |
| NVIDIANVDA | 2.12% | $225M | 1,125,966 | Trimmed |
| Banco Bilbao Viscaya ArgentariaBBVA | 2.09% | $222M | 8,391,515 | Added |
| Amazon.comAMZN | 1.95% | $207M | 870,587 | Trimmed |
| Rio TintoRIO | 1.75% | $186M | 1,941,326 | Trimmed |
| HaleonHLN | 1.39% | $148M | 15,414,796 | Trimmed |
| Sony Group | 1.31% | $140M | 6,468,686 | Held |
| MicrosoftMSFT | 1.29% | $138M | 368,533 | Trimmed |
| Meta PlatformsMETA | 1.26% | $134M | 237,407 | Trimmed |
| Amphenol | 1.18% | $125M | 709,282 | Held |
| Reinsurance Group of AmericaRGA | 1.09% | $116M | 547,439 | Trimmed |
| NetflixNFLX | 0.97% | $104M | 1,451,884 | Trimmed |
| ProgressivePGR | 0.92% | $98M | 448,571 | Trimmed |
| Johnson & JohnsonJNJ | 0.90% | $96M | 377,680 | Added |
| BroadcomAVGO | 0.90% | $96M | 253,500 | Trimmed |
| NovartisNVS | 0.85% | $90M | 578,234 | Trimmed |
| VisaV | 0.84% | $90M | 261,330 | Trimmed |
| Genmab ASGMAB | 0.82% | $87M | 3,086,318 | Trimmed |
| Thermo Fisher ScientificTMO | 0.80% | $85M | 169,255 | Added |
| nVent ElectricNVT | 0.79% | $84M | 496,873 | Trimmed |
| Tradeweb MarketsTW | 0.79% | $84M | 843,174 | Trimmed |
| Itau Unibanco Banco HoldingITUB | 0.76% | $81M | 9,944,372 | Added |
| AstraZenecaAZN | 0.75% | $80M | 442,676 | Added |
| HeicoHEI | 0.75% | $80M | 223,476 | Trimmed |
| AppleAAPL | 0.71% | $75M | 259,985 | New |
| AmetekAME | 0.70% | $75M | 308,154 | Trimmed |
| AbbVieABBV | 0.66% | $70M | 279,294 | Trimmed |
| Slb | 0.66% | $70M | 1,502,263 | Held |
| BookingBKNG | 0.65% | $69M | 388,556 | Added |
| Elevance HealthELV | 0.61% | $65M | 168,707 | Trimmed |
| Deere & CompanyDE | 0.61% | $64M | 101,541 | Trimmed |
| JPMorgan Chase & CoJPM | 0.56% | $59M | 181,377 | New |
| Telkom Indonesia (Persero) Tbk PT ADR Rep 100 BTLK | 0.53% | $57M | 4,053,444 | Trimmed |
| Danaher Corp Del | 0.48% | $51M | 268,109 | Held |
| AdobeADBE | 0.47% | $50M | 243,380 | Trimmed |
| Nextera EnergyNEE | 0.43% | $45M | 516,580 | New |
By sector
Share of the reported value.
Reported value over time
Total 13F value at each quarter end.
Questions
What stocks does Harding Loevner own?
In the Q2 2026 13F, Harding Loevner reported 82 US stock positions worth $10.6B. The largest: Taiwan Semiconductor Manufacturing (TSM) 12.7%, Spotify Technology (SPOT) 7.0%, Fomento Economico Mexicano (FMX) 6.5%, Canadian National Railway (CNI) 6.1%, Credicorp (BAP) 4.7%.
What did Harding Loevner buy last quarter?
In Q2 2026: new position in Spotify Technology (SPOT); new position in Apple (AAPL); new position in JPMorgan Chase & Co (JPM); added to Canadian National Railway (CNI); added to Banco Bilbao Viscaya Argentaria (BBVA); added to Johnson & Johnson (JNJ).
What did Harding Loevner sell last quarter?
In Q2 2026: cut Taiwan Semiconductor Manufacturing (TSM); cut Fomento Economico Mexicano (FMX); cut Credicorp (BAP).
When is Harding Loevner's next 13F?
13F filings are due 45 days after each quarter ends. The Q3 2026 filing is due by November 14, 2026.
More investors
13F filings list US-listed long positions (and some options) held at quarter end. They leave out short positions, cash, bonds and non-US holdings, and arrive up to 45 days after the quarter ends, so the investor may have traded since. Information only, not investment advice.