Harding Loevner (Simon Hallett & Ferrill Roll) latest 13F portfolio: 82 holdings worth $10.6B as of Q2 2026.
Backtested since 2020: mirroring Harding Loevner's reported 13F equity holdings each quarter would have returned +139.9% versus +182.3%for the S&P 500 (+14.8% annualized). See the Performance tab for the full equity curve.
Investor: Simon Hallett & Ferrill Roll
Number of Assets: 82
Reporting Period: Q2 - 2026
Holdings at Report: $10,554,337,999
Return $ Since Report: +$41,730,693
Return % Since Report: +0.40%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Broadcom Inc. (AVGO) | Equity | -33.53% | 253,500 | 0.91% | $377.77 | $357.61 | $95,763,990 | $90,654,135 | -$5,109,855 | -5.34% |
| Joint Stock Company Kaspi.Kz (KSPI) | Equity | -7.83% | 109,630 | 0.09% | $86.64 | $97.53 | $9,498,343 | $10,692,214 | +$1,193,871 | +12.57% |
| Rio Tinto Group (RIO) | Equity | -1.52% | 1,941,326 | 1.76% | $95.87 | $97.37 | $186,124,394 | $189,026,913 | +$2,902,519 | +1.56% |
| Sea Limited (SE) | Equity | +133.77% | 3,198,265 | 2.95% | $97.23 | $101.79 | $310,954,047 | $325,551,394 | +$14,597,347 | +4.69% |
| Spdr S&P Software & Services ETF (XSW) | Equity | +100% | 5,609 | 0.01% | $182.75 | $197.13 | $1,025,036 | $1,105,702 | +$80,666 | +7.87% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | +21.08% | 169,255 | 0.80% | $501.46 | $651.45 | $84,874,969 | $110,261,170 | +$25,386,201 | +29.91% |
| Vanguard Ftse All-World Ex-Us Index Fund ETF Shares (VEU) | Equity | -94.77% | 73,137 | 0.06% | $82.85 | $83.86 | $6,059,422 | $6,133,269 | +$73,847 | +1.22% |
| Vista Energy S.A.B. De C.V. (VIST) | Equity | +100% | 34,131 | 0.02% | $63.80 | $72.27 | $2,177,558 | $2,466,647 | +$289,089 | +13.28% |
| Abbvie Inc. (ABBV) | Equity | -21.94% | 279,294 | 0.67% | $251.65 | $263.96 | $70,284,707 | $73,722,444 | +$3,437,737 | +4.89% |
| Adobe Inc. (ADBE) | Equity | -22.65% | 243,380 | 0.47% | $205.07 | $248.92 | $49,910,338 | $60,582,150 | +$10,671,812 | +21.38% |
| Booking Holdings Inc. (BKNG) | Equity | +1984.64% | 388,556 | 0.66% | $178.26 | $167.90 | $69,263,859 | $65,238,552 | -$4,025,307 | -5.81% |
| Heico Corporation (HEI) | Equity | -22.32% | 223,476 | 0.75% | $356.20 | $298.22 | $79,602,077 | $66,645,013 | -$12,957,064 | -16.28% |
| Honeywell International inc (HON) | Equity | +100% | 156,577 | 0.33% | $223.92 | $206.46 | $35,060,855 | $32,326,887 | -$2,733,968 | -7.80% |
| Ishares MSCI Acwi ETF (ACWI) | Equity | -25.47% | 71,188 | 0.11% | $156.98 | $159.29 | $11,174,745 | $11,339,537 | +$164,792 | +1.47% |
| Ishares MSCI India ETF (INDA) | Equity | -12.08% | 128,425 | 0.06% | $49.39 | $48.02 | $6,342,911 | $6,166,969 | -$175,943 | -2.77% |
| Reinsurance Group Of America Inc. (RGA) | Equity | -21.43% | 547,439 | 1.10% | $212.68 | $245.68 | $116,429,307 | $134,494,814 | +$18,065,507 | +15.52% |
| SAP SE (SAP) | Equity | -21.75% | 281,110 | 0.41% | $155.22 | $209.45 | $43,635,073 | $58,878,490 | +$15,243,417 | +34.93% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | -17.62% | 2,884,195 | 12.78% | $467.61 | $434.67 | $1,348,678,169 | $1,253,673,041 | -$95,005,128 | -7.04% |
| Tenaris S.A. (TS) | Equity | -9.79% | 264,186 | 0.14% | $55.49 | $56.25 | $14,659,681 | $14,860,463 | +$200,781 | +1.37% |
| Visa Inc. (V) | Equity | -21.04% | 261,330 | 0.85% | $343.12 | $368.29 | $89,668,645 | $96,245,226 | +$6,576,581 | +7.33% |
| Haleon PLC (HLN) | Equity | -1.90% | 15,414,796 | 1.40% | $9.59 | $9.28 | $147,817,757 | $143,049,307 | -$4,768,450 | -3.23% |
| Amazon.com Inc. (AMZN) | Equity | -22.54% | 870,587 | 1.97% | $238.34 | $253.71 | $207,494,363 | $220,876,628 | +$13,382,265 | +6.45% |
| Apple Inc. (AAPL) | Equity | +100% | 259,985 | 0.71% | $289.41 | $336.13 | $75,242,261 | $87,388,758 | +$12,146,497 | +16.14% |
| Astrazeneca PLC (AZN) | Equity | +7.76% | 442,676 | 0.76% | $180.47 | $166.08 | $79,888,157 | $73,519,630 | -$6,368,527 | -7.97% |
| Banco Bilbao Vizcaya Argentaria S.A. (BBVA) | Equity | +31.21% | 8,391,515 | 2.11% | $26.48 | $28.36 | $222,247,358 | $237,983,365 | +$15,736,007 | +7.08% |
| Credicorp. Ltd. (BAP) | Equity | -3.53% | 1,278,788 | 4.74% | $391.30 | $381.83 | $500,395,004 | $488,279,622 | -$12,115,382 | -2.42% |
| Elevance Health Inc. (ELV) | Equity | -20.36% | 168,707 | 0.62% | $386.74 | $410.95 | $65,244,925 | $69,330,142 | +$4,085,217 | +6.26% |
| Alphabet Inc. (GOOGL) | Equity | -28.51% | 649,331 | 2.20% | $357.35 | $349.54 | $232,036,451 | $226,967,158 | -$5,069,293 | -2.18% |
| Amphenol Corp. (APH) | Equity | -20.55% | 709,282 | 1.18% | $176.29 | $77.55 | $125,042,065 | $55,004,819 | -$70,037,246 | -56.01% |
| ASML Holding N.V. (ASML) | Equity | -28.42% | 154,841 | 2.67% | $1,818.70 | $1,679.92 | $281,609,766 | $260,120,493 | -$21,489,273 | -7.63% |
| Deere & Company (DE) | Equity | -23.22% | 101,541 | 0.61% | $634.34 | $683.99 | $64,411,055 | $69,453,029 | +$5,041,974 | +7.83% |
| Ishares Global Consumer Discretionary ETF (RXI) | Equity | +100% | 1,611 | 0.00% | $200.28 | $188.35 | $322,646 | $303,430 | -$19,216 | -5.96% |
| JP Morgan Chase & Co. (JPM) | Equity | +100% | 181,377 | 0.56% | $327.37 | $349.67 | $59,376,727 | $63,422,096 | +$4,045,369 | +6.81% |
| Meta Platforms Inc. (META) | Equity | -20.26% | 237,407 | 1.27% | $563.27 | $665.75 | $133,725,421 | $158,053,710 | +$24,328,289 | +18.19% |
| Netflix Inc. (NFLX) | Equity | -22.05% | 1,451,884 | 0.98% | $71.40 | $71.79 | $103,667,683 | $104,230,752 | +$563,069 | +0.54% |
| Nvent Electric PLC (NVT) | Equity | -20.46% | 496,873 | 0.80% | $169.59 | $157.88 | $84,262,516 | $78,446,309 | -$5,816,207 | -6.90% |
| Tradeweb Markets Inc. (TW) | Equity | -22.29% | 843,174 | 0.80% | $99.66 | $103.97 | $84,029,568 | $87,664,801 | +$3,635,233 | +4.33% |
| XP Inc. (XP) | Equity | +100% | 162,616 | 0.03% | $16.26 | $20.01 | $2,644,136 | $3,253,946 | +$609,810 | +23.06% |
| Accenture PLC (ACN) | Equity | -22.23% | 302,900 | 0.36% | $124.48 | $181.29 | $37,706,443 | $54,912,741 | +$17,206,298 | +45.63% |
| Alcon Inc. (ALC) | Equity | -39.93% | 13,603 | 0.01% | $67.10 | $65.04 | $912,761 | $884,739 | -$28,022 | -3.07% |
| Ametek Inc. (AME) | Equity | -18.63% | 308,154 | 0.71% | $241.94 | $237.64 | $74,555,833 | $73,229,717 | -$1,326,116 | -1.78% |
| Applied Materials Inc. (AMAT) | Equity | +100% | 432 | 0.00% | $723.03 | $444.57 | $312,351 | $192,054 | -$120,297 | -38.51% |
| Danaher Corp. (DHR) | Equity | -22.42% | 268,109 | 0.48% | $190.49 | $211.81 | $51,072,198 | $56,788,167 | +$5,715,969 | +11.19% |
| Fabrinet (FN) | Equity | -96.30% | 5,103 | 0.03% | $562.08 | $388.55 | $2,868,294 | $1,982,771 | -$885,523 | -30.87% |
| HDFC Bank Limited (HDB) | Equity | -24.56% | 11,208,475 | 2.72% | $25.60 | $23.16 | $286,888,652 | $259,588,281 | -$27,300,371 | -9.52% |
| Honeywell Aerospace inc (HONA) | Equity | +100% | 156,581 | 0.33% | $221.06 | $163.60 | $34,613,657 | $25,616,652 | -$8,997,005 | -25.99% |
| Icici Bank Limited (IBN) | Equity | -0.55% | 71,873 | 0.02% | $29.19 | $28.15 | $2,097,797 | $2,023,225 | -$74,572 | -3.55% |
| Ishares Global Healthcare ETF (IXJ) | Equity | +100% | 2,150 | 0.00% | $100.25 | $102.49 | $215,542 | $220,354 | +$4,812 | +2.23% |
| Ishares MSCI Acwi Ex U.S. ETF (ACWX) | Equity | -53.95% | 20,486 | 0.01% | $76.11 | $76.28 | $1,559,189 | $1,562,672 | +$3,483 | +0.22% |
| Johnson & Johnson (JNJ) | Equity | +7.05% | 377,680 | 0.91% | $253.98 | $269.99 | $95,921,741 | $101,969,823 | +$6,048,082 | +6.31% |
| Mercadolibre Inc. (MELI) | Equity | -1.20% | 184,269 | 3.01% | $1,726.17 | $1,787.39 | $318,078,819 | $329,360,568 | +$11,281,749 | +3.55% |
| Netease Inc. (NTES) | Equity | -2.82% | 2,258,205 | 2.76% | $129.03 | $116.19 | $291,381,617 | $262,380,839 | -$29,000,778 | -9.95% |
| Novartis Ag (NVS) | Equity | -1.03% | 578,234 | 0.86% | $156.46 | $140.37 | $90,471,711 | $81,166,707 | -$9,305,004 | -10.28% |
| The Progressive Corp. (PGR) | Equity | -21.38% | 448,571 | 0.93% | $218.45 | $213.48 | $97,989,119 | $95,760,937 | -$2,228,182 | -2.27% |
| Perusahaan Perseroan (Persero) Pt Telekomunikasi Indonesia Tbk (TLK) | Equity | -3.47% | 4,053,444 | 0.54% | $14.01 | $14.17 | $56,793,393 | $57,437,301 | +$643,908 | +1.13% |
| Atkore Inc. (ATKR) | Equity | -19.53% | 567,192 | 0.41% | $76.04 | $94.32 | $43,126,800 | $53,497,549 | +$10,370,749 | +24.05% |
| Bhp Group Limited (BHP) | Equity | +90.56% | 85,095 | 0.07% | $83.37 | $86.27 | $7,094,657 | $7,341,146 | +$246,489 | +3.47% |
| Canadian National Railway Company (CNI) | Equity | +89.72% | 5,390,831 | 6.14% | $120.28 | $118.95 | $648,387,603 | $641,239,347 | -$7,148,256 | -1.10% |
| Epam Systems Inc. (EPAM) | Equity | -23.83% | 28,004 | 0.02% | $79.35 | $114.00 | $2,222,117 | $3,192,456 | +$970,339 | +43.67% |
| Fomento Económico Mexicano S.A.B. De C.V. (FMX) | Equity | -3.15% | 5,383,731 | 6.52% | $127.91 | $118.72 | $688,657,070 | $639,156,544 | -$49,500,526 | -7.19% |
| Grupo Cibest SA (CIB) | Equity | -8.34% | 116,499 | 0.09% | $79.43 | $96.63 | $9,253,516 | $11,257,298 | +$2,003,782 | +21.65% |
| Ishares Transportation Average ETF (IYT) | Equity | +100% | 5,791 | 0.00% | $84.92 | $80.27 | $491,778 | $464,844 | -$26,934 | -5.48% |
| Linde PLC (LIN) | Equity | -26.05% | 4,069 | 0.02% | $497.23 | $460.40 | $2,023,235 | $1,873,368 | -$149,867 | -7.41% |
| Nice Ltd. (NICE) | Equity | -0.39% | 2,523,392 | 2.21% | $92.54 | $104.97 | $233,516,971 | $264,880,458 | +$31,363,487 | +13.43% |
| Ryanair Holdings PLC (RYAAY) | Equity | -3.86% | 5,951,510 | 3.61% | $64.08 | $53.51 | $381,391,686 | $318,465,300 | -$62,926,386 | -16.50% |
| Shell PLC (SHEL) | Equity | -1.91% | 2,810,624 | 2.25% | $84.45 | $94.54 | $237,359,307 | $265,716,393 | +$28,357,086 | +11.95% |
| Sony Group Corp. (SONY) | Equity | -2.53% | 6,468,686 | 1.32% | $21.57 | $23.46 | $139,514,398 | $151,755,374 | +$12,240,976 | +8.77% |
| Spotify Technology S.A. (SPOT) | Equity | +100% | 1,598,173 | 7.03% | $463.97 | $509.45 | $741,500,478 | $814,189,235 | +$72,688,757 | +9.80% |
| Vanguard Total World Stock Index Fund ETF Shares (VT) | Equity | -12.48% | 1,437 | 0.00% | $156.96 | $158.55 | $225,553 | $227,836 | +$2,283 | +1.01% |
| Vertex Pharmaceuticals Inc. (VRTX) | Equity | -99.63% | 1,163 | 0.01% | $496.70 | $508.34 | $577,661 | $591,199 | +$13,538 | +2.34% |
| Equifax Inc. (EFX) | Equity | -22.31% | 252,498 | 0.38% | $158.74 | $158.87 | $40,081,922 | $40,114,357 | +$32,435 | +0.08% |
| Fidelity Msci Financials Index ETF (FNCL) | Equity | +100% | 3,625 | 0.00% | $81.07 | $79.11 | $293,886 | $286,774 | -$7,112 | -2.42% |
| Genmab As (GMAB) | Equity | -4.50% | 3,086,318 | 0.82% | $28.16 | $34.74 | $86,898,395 | $107,218,687 | +$20,320,292 | +23.38% |
| Ishares Global Comm Services ETF (IXP) | Equity | +100% | 7,544 | 0.01% | $114.99 | $118.51 | $867,499 | $894,032 | +$26,533 | +3.06% |
| Manulife Financial Corp. (MFC) | Equity | +24.47% | 5,575,714 | 2.24% | $42.46 | $44.38 | $236,734,066 | $247,450,187 | +$10,716,121 | +4.53% |
| Microsoft Corp. (MSFT) | Equity | -31.82% | 368,533 | 1.30% | $373.16 | $493.78 | $137,521,641 | $181,974,225 | +$44,452,584 | +32.32% |
| Nextera Energy Inc. (NEE) | Equity | +100% | 516,580 | 0.43% | $87.77 | $80.47 | $45,340,805 | $41,569,193 | -$3,771,612 | -8.32% |
| Northrop Grumman Corp. (NOC) | Equity | -22.95% | 61,975 | 0.30% | $509.39 | $527.39 | $31,569,748 | $32,684,995 | +$1,115,247 | +3.53% |
| Nvidia Corp. (NVDA) | Equity | -11.46% | 1,125,966 | 2.13% | $200.09 | $222.27 | $225,289,505 | $250,268,463 | +$24,978,958 | +11.09% |
| Schlumberger Limited (SLB) | Equity | -20.63% | 1,502,263 | 0.66% | $46.49 | $51.12 | $69,844,422 | $76,795,685 | +$6,951,263 | +9.95% |
| Vanguard Ftse Developed Markets Index Fund ETF Shares (VEA) | Equity | -73.96% | 6,629 | 0.00% | $70.63 | $71.38 | $468,178 | $473,178 | +$5,000 | +1.07% |
| Itaú Unibanco Holding S.A. (ITUB) | C.Pref | +706.13% | 9,944,372 | N/A | $8.17 | N/A | $81,245,519 | N/A | N/A | N/A |