Harding Loevner (Simon Hallett & Ferrill Roll) latest 13F portfolio: 73 holdings worth $9.7B as of Q1 2026.
Backtested since 2020: mirroring Harding Loevner's reported 13F equity holdings each quarter would have returned +143.6% versus +185.9%for the S&P 500 (+15.4% annualized). See the Performance tab for the full equity curve.
Investor: Simon Hallett & Ferrill Roll
Number of Assets: 73
Reporting Period: Q1 - 2026
Holdings at Report: $9,708,901,287
Return $ Since Report: +$1,222,099,116
Return % Since Report: +12.59%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Tradeweb Markets Inc. (TW) | Equity | -3.22% | 1,085,069 | 1.31% | $117.66 | $102.62 | $127,664,829 | $111,349,781 | -$16,315,048 | -12.78% |
| Vanguard Ftse All-World Ex-Us Index Fund ETF Shares (VEU) | Equity | -27.07% | 1,399,374 | 1.08% | $75.10 | $85.22 | $105,094,504 | $119,254,652 | +$14,160,148 | +13.47% |
| Vanguard Total World Stock Index Fund ETF Shares (VT) | Equity | -55.95% | 1,642 | 0.00% | $138.36 | $161.30 | $227,185 | $264,855 | +$37,670 | +16.58% |
| Vanguard Ftse Developed Markets Index Fund ETF Shares (VEA) | Equity | -84.86% | 25,456 | 0.02% | $64.09 | $72.89 | $1,631,439 | $1,855,488 | +$224,049 | +13.73% |
| Vertex Pharmaceuticals Inc. (VRTX) | Equity | -19.99% | 313,546 | 1.44% | $446.54 | $496.07 | $140,009,344 | $155,540,764 | +$15,531,420 | +11.09% |
| Visa Inc. (V) | Equity | +38.14% | 330,956 | 1.03% | $302.25 | $362.50 | $100,032,112 | $119,971,550 | +$19,939,438 | +19.93% |
| Abbvie Inc. (ABBV) | Equity | -3.51% | 357,816 | 0.80% | $217.48 | $246.04 | $77,816,642 | $88,037,049 | +$10,220,407 | +13.13% |
| Adobe Inc. (ADBE) | Equity | -4.22% | 314,634 | 0.79% | $243.08 | $265.21 | $76,482,652 | $83,444,083 | +$6,961,431 | +9.10% |
| Broadcom Inc. (AVGO) | Equity | -3.14% | 381,392 | 1.22% | $309.59 | $427.76 | $118,075,601 | $163,144,242 | +$45,068,641 | +38.17% |
| Grupo Cibest SA (CIB) | Equity | -10.81% | 127,105 | 0.10% | $72.81 | $88.85 | $9,254,515 | $11,293,279 | +$2,038,764 | +22.03% |
| Honeywell International Inc. (HON) | Equity | -6.83% | 408,185 | 0.95% | $226.02 | $246.21 | $92,258,225 | $100,499,229 | +$8,241,004 | +8.93% |
| Linde PLC (LIN) | Equity | -43.78% | 5,502 | 0.03% | $495.84 | $489.98 | $2,728,137 | $2,695,870 | -$32,267 | -1.18% |
| Northrop Grumman Corp. (NOC) | Equity | -10.45% | 80,430 | 0.57% | $682.17 | $571.58 | $54,867,108 | $45,972,179 | -$8,894,929 | -16.21% |
| Alcon Inc. (ALC) | Equity | -99.53% | 22,645 | 0.02% | $75.35 | $71.81 | $1,706,318 | $1,626,137 | -$80,181 | -4.70% |
| Mercadolibre Inc. (MELI) | Equity | -5.10% | 186,499 | 3.32% | $1,729.58 | $1,820.69 | $322,565,077 | $339,556,864 | +$16,991,787 | +5.27% |
| Ametek Inc. (AME) | Equity | -10.19% | 378,705 | 0.84% | $214.37 | $253.66 | $81,184,735 | $96,062,310 | +$14,877,575 | +18.33% |
| Meta Platforms Inc. (META) | Equity | -4.35% | 297,709 | 1.75% | $572.23 | $592.10 | $170,357,832 | $176,273,499 | +$5,915,667 | +3.47% |
| Amphenol Corp. (APH) | Equity | -6.46% | 892,714 | 1.16% | $126.37 | $169.18 | $112,812,789 | $151,029,355 | +$38,216,566 | +33.88% |
| Microsoft Corp. (MSFT) | Equity | -9.66% | 540,564 | 2.06% | $370.22 | $499.99 | $200,130,066 | $270,276,594 | +$70,146,528 | +35.05% |
| ASML Holding N.V. (ASML) | Equity | -28.32% | 216,309 | 2.94% | $1,321.44 | $1,740.99 | $285,838,982 | $376,591,806 | +$90,752,824 | +31.75% |
| Genmab As (GMAB) | Equity | -4.11% | 3,231,601 | 0.89% | $26.83 | $31.25 | $86,704,217 | $100,987,531 | +$14,283,314 | +16.47% |
| Heico Corporation (HEI) | Equity | +1.15% | 287,673 | 0.81% | $274.20 | $367.58 | $78,879,758 | $105,742,841 | +$26,863,083 | +34.06% |
| Icici Bank Limited (IBN) | Equity | -75.86% | 72,269 | 0.02% | $25.90 | $30.22 | $1,871,785 | $2,183,969 | +$312,184 | +16.68% |
| Ishares MSCI Eafe Growth ETF (EFG) | Equity | +80.38% | 3,236 | 0.00% | $111.37 | $126.20 | $360,393 | $408,383 | +$47,990 | +13.32% |
| Ishares MSCI Acwi Ex U.S. ETF (ACWX) | Equity | -84.29% | 44,490 | 0.03% | $68.47 | $77.41 | $3,046,230 | $3,443,971 | +$397,741 | +13.06% |
| Manulife Financial Corp. (MFC) | Equity | -5.23% | 4,479,701 | 1.59% | $34.46 | $44.32 | $154,372,224 | $198,540,348 | +$44,168,124 | +28.61% |
| Netease Inc. (NTES) | Equity | -6.16% | 2,323,768 | 2.68% | $111.94 | $132.22 | $260,126,820 | $307,248,605 | +$47,121,785 | +18.11% |
| Astrazeneca PLC (AZN) | Equity | +100% | 410,787 | 0.83% | $195.85 | $161.42 | $80,451,143 | $66,309,238 | -$14,141,905 | -17.58% |
| Atkore Inc. (ATKR) | Equity | -3.81% | 704,862 | 0.43% | $58.93 | $93.71 | $41,535,636 | $66,052,618 | +$24,516,982 | +59.03% |
| Banco Bilbao Vizcaya Argentaria S.A. (BBVA) | Equity | -8.14% | 6,395,509 | 1.43% | $21.66 | $28.35 | $138,539,219 | $181,312,680 | +$42,773,461 | +30.87% |
| Bhp Group Limited (BHP) | Equity | -36.28% | 44,656 | 0.03% | $72.74 | $90.41 | $3,248,299 | $4,037,349 | +$789,050 | +24.29% |
| Booking Holdings Inc. (BKNG) | Equity | -42.49% | 18,639 | 0.81% | $4,210.32 | $214.42 | $78,476,154 | $3,996,574 | -$74,479,580 | -94.91% |
| Ishares MSCI Acwi ETF (ACWI) | Equity | +73.44% | 95,512 | 0.14% | $138.37 | $161.44 | $13,216,294 | $15,419,457 | +$2,203,163 | +16.67% |
| Ishares MSCI Eafe ETF (EFA) | Equity | -79.22% | 3,952 | 0.00% | $97.14 | $108.55 | $383,894 | $428,990 | +$45,096 | +11.75% |
| Ishares MSCI India ETF (INDA) | Equity | -42.27% | 146,069 | 0.07% | $46.84 | $50.37 | $6,841,872 | $7,356,765 | +$514,893 | +7.53% |
| Johnson & Johnson (JNJ) | Equity | -3.35% | 352,800 | 0.89% | $244.43 | $259.24 | $86,234,557 | $91,459,872 | +$5,225,315 | +6.06% |
| Joint Stock Company Kaspi.Kz (KSPI) | Equity | -3.30% | 118,947 | 0.09% | $74.07 | $90.30 | $8,810,404 | $10,740,914 | +$1,930,510 | +21.91% |
| Nice Ltd. (NICE) | Equity | -1.83% | 2,533,246 | 2.88% | $110.24 | $101.85 | $279,272,933 | $258,011,105 | -$21,261,828 | -7.61% |
| The Progressive Corp. (PGR) | Equity | -2.83% | 570,524 | 1.16% | $198.25 | $215.33 | $113,104,356 | $122,850,933 | +$9,746,577 | +8.62% |
| Sea Limited (SE) | Equity | -8.69% | 1,368,108 | 1.17% | $82.82 | $113.43 | $113,301,681 | $155,184,490 | +$41,882,809 | +36.97% |
| Sony Group Corp. (SONY) | Equity | -5.76% | 6,636,707 | 1.41% | $20.70 | $23.46 | $137,350,346 | $155,697,146 | +$18,346,800 | +13.36% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | -19.27% | 3,501,069 | 12.19% | $338.04 | $420.04 | $1,183,484,466 | $1,470,589,023 | +$287,104,557 | +24.26% |
| Perusahaan Perseroan (Persero) Pt Telekomunikasi Indonesia Tbk (TLK) | Equity | -6.20% | 4,199,301 | 0.81% | $18.67 | $15.10 | $78,404,640 | $63,409,445 | -$14,995,195 | -19.13% |
| Tenaris S.A. (TS) | Equity | -5.92% | 292,858 | 0.18% | $58.18 | $53.04 | $17,038,478 | $15,533,188 | -$1,505,290 | -8.83% |
| The Trade Desk Inc. (TTD) | Equity | -2.61% | 1,069,565 | 0.25% | $22.69 | $13.80 | $24,269,098 | $14,759,997 | -$9,509,101 | -39.18% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | -3.61% | 139,791 | 0.71% | $491.53 | $594.00 | $68,711,907 | $83,035,854 | +$14,323,947 | +20.85% |
| Accenture PLC (ACN) | Equity | -4.90% | 389,468 | 0.80% | $198.27 | $175.72 | $77,221,704 | $68,437,317 | -$8,784,387 | -11.38% |
| Alphabet Inc. (GOOGL) | Equity | -9.70% | 908,305 | 2.69% | $287.62 | $354.30 | $261,243,900 | $321,812,462 | +$60,568,561 | +23.18% |
| Amazon.com Inc. (AMZN) | Equity | -3.44% | 1,123,897 | 2.41% | $208.32 | $274.48 | $234,126,160 | $308,487,249 | +$74,361,089 | +31.76% |
| Globant S.A. (GLOB) | Equity | -79.48% | 21,599 | 0.01% | $46.11 | $37.40 | $995,930 | $807,803 | -$188,127 | -18.89% |
| Haleon PLC (HLN) | Equity | -5.44% | 15,712,550 | 1.62% | $10.01 | $10.03 | $157,233,830 | $157,596,877 | +$363,046 | +0.23% |
| Novartis Ag (NVS) | Equity | -3.17% | 584,255 | 0.92% | $152.73 | $156.33 | $89,230,406 | $91,336,584 | +$2,106,178 | +2.36% |
| Canadian National Railway Company (CNI) | Equity | +32.55% | 2,841,460 | 3.01% | $102.79 | $126.60 | $292,069,562 | $359,728,836 | +$67,659,274 | +23.17% |
| CME Group Inc. (CME) | Equity | -42.99% | 338,257 | 1.03% | $295.35 | $263.66 | $99,902,959 | $89,184,841 | -$10,718,118 | -10.73% |
| Credicorp. Ltd. (BAP) | Equity | -6.76% | 1,325,519 | 4.63% | $339.16 | $386.93 | $449,567,867 | $512,883,067 | +$63,315,200 | +14.08% |
| Danaher Corp. (DHR) | Equity | -4.25% | 345,598 | 0.67% | $189.59 | $204.76 | $65,523,276 | $70,764,646 | +$5,241,370 | +8.00% |
| Deere & Company (DE) | Equity | -7.09% | 132,254 | 0.77% | $563.33 | $620.83 | $74,502,611 | $82,107,251 | +$7,604,640 | +10.21% |
| Elevance Health Inc. (ELV) | Equity | -4.03% | 211,839 | 0.64% | $292.82 | $394.20 | $62,030,508 | $83,506,934 | +$21,476,426 | +34.62% |
| Epam Systems Inc. (EPAM) | Equity | +20.10% | 36,763 | 0.05% | $135.40 | $97.43 | $4,977,710 | $3,581,819 | -$1,395,891 | -28.04% |
| Equifax Inc. (EFX) | Equity | +1.14% | 325,008 | 0.60% | $180.07 | $182.56 | $58,523,220 | $59,333,460 | +$810,240 | +1.38% |
| Fabrinet (FN) | Equity | -1.30% | 137,874 | 0.74% | $521.65 | $562.38 | $71,921,353 | $77,537,580 | +$5,616,227 | +7.81% |
| Fomento Económico Mexicano S.A.B. De C.V. (FMX) | Equity | -6.33% | 5,558,756 | 6.36% | $111.07 | $122.46 | $617,384,763 | $680,725,260 | +$63,340,497 | +10.26% |
| HDFC Bank Limited (HDB) | Equity | -41.01% | 14,857,557 | 3.81% | $24.88 | $23.63 | $369,672,838 | $351,084,072 | -$18,588,766 | -5.03% |
| Nvent Electric PLC (NVT) | Equity | +100% | 624,667 | 0.76% | $118.30 | $164.69 | $73,897,235 | $102,876,408 | +$28,979,173 | +39.22% |
| Nvidia Corp. (NVDA) | Equity | +47.99% | 1,271,716 | 2.28% | $174.44 | $223.96 | $221,837,547 | $284,813,515 | +$62,975,968 | +28.39% |
| Reinsurance Group Of America Inc. (RGA) | Equity | +100% | 696,797 | 1.47% | $204.17 | $246.33 | $142,263,066 | $171,642,005 | +$29,378,939 | +20.65% |
| Rio Tinto Group (RIO) | Equity | -4.02% | 1,971,227 | 1.89% | $93.32 | $101.10 | $183,951,017 | $199,291,050 | +$15,340,033 | +8.34% |
| Ryanair Holdings PLC (RYAAY) | Equity | +24.64% | 6,190,352 | 3.69% | $57.80 | $60.19 | $357,778,045 | $372,597,287 | +$14,819,242 | +4.14% |
| SAP SE (SAP) | Equity | -7.15% | 359,225 | 0.63% | $171.22 | $206.16 | $61,504,735 | $74,057,826 | +$12,553,091 | +20.41% |
| Shell PLC (SHEL) | Equity | -5.41% | 2,865,428 | 2.74% | $92.97 | $88.50 | $266,406,159 | $253,590,378 | -$12,815,781 | -4.81% |
| Schlumberger Limited (SLB) | Equity | +2.30% | 1,892,813 | 1.00% | $51.39 | $50.53 | $97,279,055 | $95,643,841 | -$1,635,214 | -1.68% |
| Itaú Unibanco Holding S.A. (ITUB) | C.Pref | -5.64% | 1,233,594 | N/A | $8.38 | N/A | $10,337,518 | N/A | N/A | N/A |
| Netflix Inc. (NFLX) | Equity | -3.20% | 1,862,573 | 1.84% | $96.15 | $74.14 | $179,080,935 | $138,091,162 | -$40,989,773 | -22.89% |