Hardman Johnston

Dec 2024 → Jun 2026 · 6 funds

Our archive holds 21 letters from Hardman Johnston, behind 31 investment theses and positions in 70 companies. Every quote below is copied verbatim from the letter it came from.

Hardman Johnston’s own letters page

Letters

Companies

Moves

Theses

What they bought and sold · 17 moves

ExitedCommerzbank AG
June 2026
“We fully liquidated our investments in Prosus N.V. and Commerzbank AG.”
Read the letter
ExitedProsus N.V.
June 2026
“We fully liquidated our investments in Prosus N.V. and Commerzbank AG.”
Read the letter
ExitedUniversal Display Corp.
June 2026
“We fully liquidated our investments in Commerzbank AG, Meta Platforms Inc. Class A, and Universal Display Corp.”
Read the letter
New positionNetflix, Inc.
June 2026
“During the quarter, we initiated one new position in Netflix, Inc.”
Read the letter
ExitedMeta Platforms Inc. Class A
June 2026
“We fully liquidated our investments in Commerzbank AG, Meta Platforms Inc. Class A, and Universal Display Corp.”
Read the letter
New positionSLB Limited
March 2026
“We initiated a position in SLB, the largest global oil services provider, a name with which we are familiar.”
Read the letter
ExitedProsus N.V.
March 2026
“we decided to exit Prosus at this time given increased headwinds and reduced visibility.”
Read the letter
ExitedAtlassian Corp
March 2026
“We exited Atlassian despite resilient fundamentals because AI-driven uncertainty continues to overwhelm the stock’s valuation support.”
Read the letter
ExitedPayPal Holdings, Inc.
March 2026
“The company has not demonstrated that it can capitalize on what should be strong competitive advantages in the digital payments space, leading us to exit the position.”
Read the letter
New positionCameco Corporation
March 2026
“We initiated a position in Cameco, a vertically integrated leader in nuclear energy with operations spanning upstream Tier 1 assets in Western jurisdictions, nuclear fuel services, and nuclear technology.”
Read the letter
New positionTechnipFMC plc
March 2026
“We also initiated a position in TechnipFMC, a global leader in offshore subsea equipment, systems, and services.”
Read the letter
ExitedHDFC Bank Limited
March 2026
“During the quarter, we exited our position in HDFC Bank Limited.”
Read the letter
New positionAlbemarle Corporation
March 2026
“We established a new position in ALB, a global leader in lithium with Tier 1, low-cost assets, in particular in the Chilean salar and Western Australia.”
Read the letter
New positionBroadcom Inc.
March 2026
“We initiated a position in Broadcom as one of the clearest beneficiaries of accelerating hyperscaler AI capex and custom compute deployment.”
Read the letter
New positionUCB S.A.
March 2026
“where we established a new position during the quarter.”
Read the letter
ExitedBank of America Corp
March 2026
“After a profitable run in Bank of America, we sold the position as concerns regarding private credit exposure had the potential to impact valuation.”
Read the letter
ExitedICICI Bank Limited
March 2026
“We decided to exit the position to reallocate to more attractive opportunities.”
Read the letter

Companies held · 70

Every company Hardman Johnston has disclosed a position in across our archive, with the letter that last mentioned it.

Adobe Inc.Mar 2026
Advanced Energy Industries, Inc.Mar 2026
Airbus SEJun 2026
Albemarle Corp.Jun 2026
Alphabet Inc.Mar 2026
Amazon.com, Inc.Mar 2026
Apple Inc.Mar 2026
ASML Holding N.V.Jun 2026
AstraZeneca plcJun 2026
Atlassian CorpMar 2026
Automatic Data Processing, Inc.Mar 2026
Bank of America CorpMar 2026
Becton, Dickinson & Co.Mar 2026
Broadcom Inc.Mar 2026
Cameco Corp.Jun 2026
Charles Schwab CorpMar 2026
Comcast Corp.Mar 2026
Commerzbank AGJun 2026
Corteva, Inc.Mar 2026
Curtiss-Wright CorporationMar 2026
Edwards Lifesciences Corp.Mar 2026
EOG Resources, Inc.Jun 2026
Estee Lauder Companies Inc.Mar 2026
Gaztransport & Technigaz SAJun 2026
HDFC Bank LimitedMar 2026
Hexcel CorporationMar 2026
Hitachi, Ltd.Jun 2026
Hitachi, Ltd.Jun 2026
Howmet Aerospace, Inc.Mar 2026
ICICI Bank Ltd.Jun 2026
IHI Corp.Jun 2026
Illumina, Inc.Jun 2026
Infineon Technologies AGJun 2026
IQVIA Holdings Inc.Mar 2026
Leonardo SpAJun 2026
LVMHJun 2026
Marsh & McLennan Cos. Inc.Mar 2026
Mastercard Inc.Mar 2026
Medtronic plcMar 2026
MercadoLibre, Inc.Jun 2026
Meta Platforms Inc. Class AJun 2026
Microsoft Corp.Mar 2026
Mitsubishi Heavy Industries, Ltd.Jun 2026
Netflix, Inc.Jun 2026
NVIDIA Corp.Mar 2026
PayPal Holdings, Inc.Mar 2026
Prosus N.V.Jun 2026
Prysmian S.p.A.Jun 2026
Rheinmetall AGJun 2026
Safran S.A.Jun 2026
Sandoz Group Ltd.Jun 2026
SharkNinja, Inc.Jun 2026
SLB Ltd.Jun 2026
Standard Chartered PLCJun 2026
Stanley Black & Decker Inc.Mar 2026
STMicroelectronics NVJun 2026
STMicroelectronics NVMar 2026
Suzuki Motor Corp.Jun 2026
T-Mobile US, Inc.Mar 2026
Taiwan Semiconductor Mfg. Co., Ltd.Jun 2026
TechnipFMC plcJun 2026
Uber Technologies, Inc.Jun 2026
UCB S.A.Jun 2026
UnitedHealth Group Inc.Mar 2026
Universal Display Corp.Jun 2026
Versant Media Group, Inc.Mar 2026
Vertex Pharmaceuticals Inc.Mar 2026
Vertiv Holdings Co.Jun 2026
Waters CorporationMar 2026
Weir Group PLCJun 2026

Theses · 31

Prysmian S.p.A.
June 2026
Prysmian S.p.A. is positioned to benefit from AI-driven fiber demand, electrification, and the energy transition.
Read the full thesis
Leonardo SpA
June 2026
Leonardo is supported by long-term European defense spending and demand for modern defense capabilities.
Read the full thesis
TechnipFMC plc
June 2026
TechnipFMC plc provides offshore engineering and drilling services and is positioned to benefit from deepwater exploration and energy security needs.
Read the full thesis
Netflix, Inc.
June 2026
Netflix, Inc. has a durable flywheel of subscribers, content spend, pricing power, and multiple growth levers.
Read the full thesis
Taiwan Semiconductor Manufacturing Co., Ltd.
March 2026
Taiwan Semiconductor Manufacturing Co., Ltd. is a critical AI compute bottleneck with strong pricing power, demand visibility, and compelling valuation.
Read the full thesis
Vertiv Holdings Co.
March 2026
Vertiv Holdings Co. is a prime beneficiary of AI-driven data center buildout with a one-stop-shop business model and strong order momentum.
Read the full thesis
Albemarle Corporation
March 2026
Albemarle Corporation is a low-cost lithium leader positioned to benefit from secular battery demand and a tightening supply backdrop.
Read the full thesis
Broadcom Inc.
March 2026
Broadcom Inc. is a key beneficiary of hyperscaler AI capex, with strong AI visibility, networking leadership, and valuation upside.
Read the full thesis
SLB Limited
March 2026
SLB Limited is the leading global oil services provider, supported by offshore duopoly economics, geopolitical tailwinds, and a growing digital segment.
Read the full thesis
TechnipFMC plc
March 2026
TechnipFMC plc is a fully integrated offshore subsea leader with strong backlog, margin upside, and geopolitical tailwinds.
Read the full thesis
Cameco Corporation
March 2026
Cameco Corporation is a uranium supplier positioned to benefit from nuclear demand, energy diversification, and AI-driven power needs.
Read the full thesis
ASML Holding N.V.
March 2026
ASML Holding N.V. is the monopoly provider of EUV lithography equipment, benefiting from AI-driven semiconductor capacity expansion and improving multi-year visibility.
Read the full thesis

Letter archive · 21

2026

2025

2024

Funds · 6

Hardman Johnston Global Equity5
Hardman Johnston International Equity Developed Markets4
Hardman Johnston International Equity Strategy4
Hardman Johnston Select Equity4
Hardman Johnston Large Cap Equity3
Hardman Johnston Global Advisors Large Cap Equity1

Get Hardman Johnston’s next letter the day it lands

We track Hardman Johnston alongside hundreds of other managers, read every letter, and pull out what they bought and sold. Warren AI reads the whole archive for you.

View plans→

Share this fund