Comparing Harding Loevner LP's Q3 and Q4 2022 13F Holdings: A Look at the Numbers

As the financial world continues to evolve, the importance of keeping on top of changes in holdings of investment funds cannot be overemphasized. Being aware of such changes can help investors make informed decisions, seize opportunities, and mitigate risks. One such fund that has undergone changes in its holdings is Harding Loevner LP. Today we will compare the 13F holdings of Harding Loevner LP as at Q3 2022 versus Q4 2022, and the implications that these changes have for the fund. But first, let's have a brief overview of what 13F holdings entail. Understanding 13F Holdings The Securities and Exchange Commission (SEC) mandates that all institutional investment managers managing over $100 million of securities starting in 13F securities, must file a quarterly report that contains a list of all equity securities they manage. Such reports, known as 13F reports, typically include the name of the issuer, the class of security held, the CUSIP number, the number of shares held, the total value of the security in the portfolio, and the percentage of the company’s outstanding stock held. Investment firms typically use information from 13F filings to track changing trends and identify new trading opportunities. However, it is essential to note that 13F filings are backward-looking and that the information provided in such documents is typically over forty-five (45) days old. Harding Loevner LP Q3 vs Q4 2022 Changes in Holdings In Q3 2022, Harding Loevner LP held a total AUM of about $98.34bn, with the top ten holdings accounting for 15.49% of the total portfolio value. This figure increased to $101.50bn in Q4 2022, reflecting an increase of about 3.22%. The top ten holdings in the portfolio accounted for 16.04% of the total portfolio value. From the data, we can see that the value of Harding Loevner LP's portfolio increased by approximately $3.16bn (or 3.22%) between Q3 and Q4 2022. The chart below shows a comparison of the total number of shares and the total value ($000) of each of the top five holdings in the fund between Q3 and Q4 2022. From the chart, we can see that Harding Loevner LP increased its holdings in HDFC Bank Ltd, BHP Group Ltd, Taiwan Semiconductor Mfg Ltd and Fomento Economico Mexicano S, with a total increase in share value of over $194m. Conversely, the firm reduced its holdings in ICICI Bank Ltd, SVB Financial Group, Schlumberger Ltd, and XP Inc., with a total decrease in share value of over $200m. It is noteworthy to disclose here the mandatory disclaimer that past performance is not indicative of future results. Conclusion In conclusion, this comparison of Harding Loevner LP's Q3 and Q4 2022 13F holdings shows that the manager made some significant portfolio changes, with overall portfolio value increasing by 3.22% from $98.34bn to $101.50bn during the period under review. However, it is essential to note that data provided in 13F filings are backward-looking, and may not reflect current market trends. It is pertinent for investors to remember to conduct their rigorous due diligence and consult with an investment advisor before making any investment decision.