Harding Loevner International Small Companies Equity Portfolio Q4 2025 Commentary

Harding Loevner82 FollowersFollow5ShareSavePlay(21min)CommentsSummaryQuality-growth investing demands the opposite: relentless skepticism toward market narratives and constant scrutiny of company fundamentals.Consumer Staples have offered the most compelling valuation opportunities among quality-growth international small caps over the past few years.Information Technology was our biggest detractor for the year, and poor performance in the sector, primarily weak software and services holdings, has reduced our active weight.Israeli cybersecurity provider CyberArk was acquired by Palo Alto Networks for an attractive premium. Funtap/iStock via Getty Images What's on Our Minds There are these two young fish swimming along, and they happen to meet an older fish swimming the other way, who nods at them and says, "Morning, boys. How's the water?" The two young fish swim onThis article was written byHarding Loevner82 FollowersFollowHarding Loevner LP is a growing global asset management firm headquartered in New Jersey, USA (Metro NYC). Harding Loevner manages over $52 billion in long-only equity portfolio strategies comprising of high-quality, growing companies in developed, emerging and frontier markets. Harding Loevner’s investment strategies are offered as institutional separate accounts, mutual funds, UCITS, and through sponsored wealth management programs. Harding Loevner's global client base includes leading global investment institutions, such as sovereign wealth funds, major foundations, endowments, pension plans, private family offices, and individuals. Harding Loevner's professional culture is one of transparency, collaboration, accountability and integrity. Harding Loevner is committed to providing all staff with opportunities for career advancement through education, training and personal achievement. Note: This account is not managed or monitored by Harding Loevner, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Harding Loevner's official channels.