Harding Loevner LP: Recent Portfolio Activity Analysis (Q2 2026)
A detailed look at Harding Loevner's significant stock purchases and sales during the second quarter of 2026.
As reported in their latest filing dated June 30, 2026, Harding Loevner LP has shown active trading behavior this quarter. The fund manager's portfolio saw changes across various sectors and specific holdings.
Among the most notable activities are new positions initiated in several companies. Harding Loevner significantly increased their stake in ITAU UNIBANCO HLDG S A (ITUB), a Brazilian financial holding company, adding over 8 million shares during this period. This substantial increase also impacted BBVA, another prominent bank, where the fund added nearly 2 million shares.
Other significant additions include ITAU UNIBANCO HLDG S A (ITUB) again for its financial services sector exposure, and notable increases in CANADIAN NATL RY CO, a major North American railroad operator. The fund also showed strong interest by adding shares to SPOTIFY TECHNOLOGY S A (SPOT) and MERCADOLIBRE INC (MELI), suggesting confidence in these consumer-facing companies.
In contrast, the fund also divested from certain holdings during Q2 2026. They completely exited their position in VANGUARD INTL EQUITY INDEX F (VEU) by selling all shares held at the end of the previous quarter, reducing its portfolio allocation to just 0.06%. Additionally, they sold a portion of their stake in SLB LIMITED (SLB), though this particular stock is not listed as one of the top holdings.
The fund also made adjustments to existing Technology sector positions. They reduced their holding in TAIWAN SEMICONDUCTOR MANUFAC (TSM) by nearly 0.18 million shares, while decreasing the position of CREDICORP LTD (BAP). Furthermore, they sold almost all their stake in VERTEX PHARMACEUTICALS INC (VRTX), which was a very small holding.
The overall portfolio allocation reflects these changes. Financial Services remains a strong sector focus for the fund, with allocations to ITUB, BBVA, and MANULIFE FINL CORP (MFC). Technology is also significant but shows mixed activity this quarter. Holdings like SPOT and MELI were newly added, while others saw share reductions.