Ninety One North America, Inc.
Reported holdings as of Q3 2026, from 32 quarterly filings.
Holdings
Download these holdings as CSV
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| VISA INC | V | $144.1M | 401,096 | -0.11pp | 32q | -6.4%-$9.9M | |
| PHILIP MORRIS INTL INC | PM | $117.0M | 613,326 | -0.40pp | 32q | -12.0%-$16.0M | |
| MICROSOFT CORP | MSFT | $116.4M | 227,036 | +1.27pp | 32q | -5.6%-$6.9M | |
| ALPHABET INC | GOOGL | $90.2M | 262,289 | -0.39pp | 32q | -5.2%-$4.9M | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $73.8M | 161,824 | +1.26pp | 32q | +63.6%+$28.7M | |
| JOHNSON & JOHNSON | JNJ | $71.7M | 270,748 | -0.03pp | 32q | -5.3%-$4.0M | |
| MARSH & MCLENNAN COS INC | MRSH | $68.6M | 401,969 | +0.89pp | 7q | +34.5%+$17.6M | |
| BOOKING HOLDINGS INC | BKNG | $68.1M | 417,946 | -0.52pp | 32q | -6.2%-$4.5M | |
| NETEASE COM INC | NTES | $56.0M | 462,048 | -0.28pp | 32q | -4.9%-$2.9M | |
| AUTODESK INC | ADSK | $53.4M | 255,494 | -0.03pp | 25q | -8.6%-$5.0M | |
| EDWARDS LIFESCIENCES CORP | EW | $50.3M | 582,170 | -0.25pp | 9q | -5.6%-$3.0M | |
| MOTOROLA SOLUTIONS INC | MSI | $44.6M | 99,898 | +0.02pp | 11q | -6.2%-$2.9M | |
| INTUIT | INTU | $44.5M | 161,536 | -0.01pp | 32q | -6.2%-$2.9M | |
| CREDICORP LTD | BAP | $44.1M | 116,216 | +0.36pp | 10q | +23.2%+$8.3M | |
| VISTA ENERGY S.A.B. DE C.V. | VIST | $43.2M | 661,195 | +0.08pp | 8q | +1.4%+$599.1K | |
| VERISIGN INC | VRSN | $41.9M | 148,455 | +0.11pp | 29q | -5.7%-$2.5M | |
| GERDAU SA | GGB | $38.8M | 8,211,800 | - | new | NEW | |
| XP INC | XP | $38.7M | 1,843,127 | +0.43pp | 5q | +1.2%+$442.6K | |
| AUTOMATIC DATA PROCESSING IN | ADP | $37.2M | 143,966 | +0.14pp | 29q | -6.2%-$2.5M | |
| LAUREATE ED INC | LAUR | $36.8M | 964,909 | +0.11pp | 2q | +1.5%+$561.6K | |
| MONSTER BEVERAGE CORP NEW | MNST | $35.6M | 855,485 | -0.38pp | 32q | -6.2%-$2.3M | |
| MASTERCARD INCORPORATED | MA | $35.3M | 64,070 | -0.89pp | 32q | -39.7%-$23.2M | |
| ISHARES TR | INDA | $33.4M | 715,963 | -0.01pp | 32q | +4.9%+$1.6M | |
| LATAM AIRLINES GROUP SA | LTM | $31.4M | 629,861 | -0.21pp | 2q | +1.6%+$486.4K | |
| NVIDIA CORPORATION | NVDA | $31.4M | 137,511 | +0.10pp | 4q | -6.2%-$2.1M | |
| ICICI BK LTD | IBN | $31.3M | 1,137,487 | +0.65pp | 9q | +87.4%+$14.6M | |
| S&P GLOBAL INC | SPGI | $27.3M | 69,165 | -0.01pp | 32q | +1.8%+$469.8K | |
| MOODYS CORP | MCO | $27.2M | 60,000 | -0.08pp | 32q | -6.4%-$1.9M | |
| FOMENTO ECONOMICO MEXICANO S | FMX | $26.9M | 226,502 | +0.62pp | 2q | +111.0%+$14.1M | |
| CHECK POINT SOFTWARE TECH LT | CHKP | $24.1M | 187,664 | -0.10pp | 28q | -6.2%-$1.6M | |
| ALIGN TECHNOLOGY INC | ALGN | $22.6M | 155,719 | -0.25pp | 27q | -6.2%-$1.5M | |
| ASE TECHNOLOGY HLDG CO LTD | ASX | $22.2M | 498,331 | +0.08pp | 9q | +9.7%+$2.0M | |
| NEW ORIENTAL ED & TECHNOLOGY | EDU | $21.7M | 391,790 | - | new | NEW | |
| FACTSET RESH SYS INC | FDS | $21.5M | 79,523 | +0.10pp | 32q | -6.2%-$1.4M | |
| BBB Foods Inc | TBBB | $17.6M | 334,172 | - | new | NEW | |
| AON PLC | AON | $17.1M | 61,934 | -0.88pp | 9q | -43.0%-$12.9M | |
| ALCON AG | ALC | $16.6M | 256,466 | -0.69pp | 5q | -44.5%-$13.3M | |
| SK HYNIX INC | SKHY | $15.4M | 83,414 | - | new | NEW | |
| AMAZON COM INC | AMZN | $15.3M | 61,248 | +0.03pp | 4q | HELD | |
| APPLE INC | AAPL | $13.9M | 41,854 | +0.05pp | 4q | -6.2%-$916.1K | |
| CANADIAN PACIFIC KANSAS CITY | CP | $13.5M | 158,248 | -0.20pp | 7q | -22.9%-$4.0M | |
| TE CONNECTIVITY PLC | TEL | $12.5M | 59,169 | -0.13pp | 9q | -22.4%-$3.6M | |
| TETRA TECH INC NEW | TTEK | $11.9M | 362,377 | -0.10pp | 10q | -25.4%-$4.1M | |
| FERRARI N V | RACE | $11.7M | 29,821 | +0.37pp | 5q | +184.7%+$7.6M | |
| RYANAIR HOLDINGS PLC | RYAAY | $11.3M | 205,437 | -0.02pp | 2q | +12.6%+$1.3M | |
| ALLEGION PLC | ALLE | $11.1M | 72,211 | -0.33pp | 3q | -44.5%-$8.9M | |
| VALMONT INDS INC | VMI | $10.8M | 23,289 | -0.25pp | 4q | -16.6%-$2.1M | |
| ASTRAZENECA PLC | AZN | $10.5M | 64,169 | -0.59pp | 3q | -48.0%-$9.7M | |
| BROADCOM INC | AVGO | $10.4M | 29,686 | -0.17pp | 4q | -20.9%-$2.8M | |
| JPMORGAN CHASE & CO | JPM | $10.3M | 31,011 | +0.01pp | 4q | HELD | |
| WASTE MGMT INC DEL | WM | $10.1M | 49,696 | -0.09pp | 21q | -8.3%-$917.2K | |
| TRANE TECHNOLOGIES PLC | TT | $10.0M | 22,046 | -0.19pp | 3q | -22.4%-$2.9M | |
| SEA LTD | SE | $9.7M | 99,981 | - | new | NEW | |
| AGCO CORP | AGCO | $9.0M | 78,456 | -0.15pp | 5q | -22.4%-$2.6M | |
| TKO GROUP HOLDINGS INC | TKO | $8.4M | 46,897 | -0.05pp | 4q | HELD | |
| META PLATFORMS INC | META | $8.2M | 11,314 | +0.19pp | 4q | +55.4%+$2.9M | |
| EXXONMOBIL HOLDINGS CORP | XOM | $7.9M | 48,556 | - | new | NEW | |
| NEXTERA ENERGY INC | NEE | $7.9M | 103,892 | -0.41pp | 21q | -45.4%-$6.5M | |
| LINDE PLC | LIN | $7.7M | 16,297 | -0.22pp | 3q | -32.4%-$3.7M | |
| DESCARTES SYS GROUP INC | DSGX | $7.7M | 95,269 | -0.04pp | 2q | -22.4%-$2.2M | |
| TRIMBLE INC | TRMB | $7.0M | 122,357 | +0.03pp | 4q | HELD | |
| SOLV ENERGY INC | MWH | $6.8M | 283,807 | +0.21pp | 2q | +317.4%+$5.2M | |
| KINROSS GOLD CORP | KGC | $6.2M | 258,646 | -0.03pp | 5q | -10.6%-$742.5K | |
| CITIZENS FINL GROUP INC | CFG | $6.0M | 93,524 | -0.03pp | 4q | HELD | |
| ELI LILLY & CO | LLY | $5.8M | 4,987 | -0.10pp | 4q | -25.4%-$2.0M | |
| TD SYNNEX CORPORATION | SNX | $5.7M | 22,354 | +0.04pp | 4q | +24.0%+$1.1M | |
| UBS GROUP AG | UBS | $5.7M | 117,577 | -0.01pp | 4q | HELD | |
| BARRICK MNG CORP | B | $5.5M | 135,374 | +0.03pp | 4q | HELD | |
| UNITEDHEALTH GROUP INC | UNH | $5.3M | 14,374 | +0.02pp | 2q | +24.8%+$1.0M | |
| GENERAL MTRS CO | GM | $5.3M | 68,498 | flat | 4q | HELD | |
| INTERACTIVE BROKERS GROUP IN | IBKR | $5.2M | 60,896 | flat | 2q | HELD | |
| COLGATE PALMOLIVE CO | CL | $5.0M | 58,603 | -0.02pp | 4q | HELD | |
| THERMO FISHER SCIENTIFIC INC | TMO | $5.0M | 7,390 | +0.06pp | 4q | HELD | |
| AECOM | ACM | $4.8M | 80,870 | -0.12pp | 9q | -22.4%-$1.4M | |
| CHEVRON CORPORATION | CVX | $4.6M | 22,358 | +0.04pp | 2q | HELD | |
| FREEPORT-MCMORAN INC | FCX | $4.6M | 65,211 | +0.02pp | 4q | HELD | |
| ILLUMINA INC | ILMN | $4.5M | 16,418 | - | new | NEW | |
| HDFC BANK LTD | HDB | $4.3M | 193,653 | -0.01pp | 32q | +8.0%+$321.9K | |
| AERCAP HOLDINGS NV | AER | $4.3M | 30,137 | +0.03pp | 4q | +17.1%+$633.1K | |
| FEDEX CORP | FDX | $4.2M | 14,810 | - | new | NEW | |
| BOEING CO | BA | $4.1M | 22,260 | -0.03pp | 4q | HELD | |
| DEUTSCHE BK AG | DB | $3.8M | 103,739 | - | new | NEW | |
| TRANSUNION | TRU | $3.7M | 61,072 | flat | 4q | +15.9%+$511.6K | |
| JACOBS SOLUTIONS INC | J | $3.3M | 24,725 | -0.10pp | 4q | -42.7%-$2.5M | |
| INTERCONTINENTAL EXCHANGE IN | ICE | $3.2M | 21,275 | +0.02pp | 9q | -5.9%-$204.2K | |
| ABBOTT LABORATORIES | ABT | $3.0M | 30,161 | -0.03pp | 9q | -26.2%-$1.1M | |
| COSTCO WHOLESALE CORPORATION | COST | $2.9M | 3,204 | -0.07pp | 2q | -30.7%-$1.3M | |
| SYSCO CORP | SYY | $2.8M | 35,987 | - | new | NEW | |
| TAKE-TWO INTERACTIVE SOFTWAR | TTWO | $2.7M | 13,191 | -0.03pp | 4q | HELD | |
| KEYCORP | KEY | $2.6M | 127,453 | -0.02pp | 3q | HELD | |
| CRH PLC | CRH | $2.5M | 30,572 | -0.03pp | 4q | HELD | |
| DELTA AIR LINES INC | DAL | $2.4M | 28,232 | -0.07pp | 4q | -32.3%-$1.1M | |
| LAUDER ESTEE COS INC | EL | $2.3M | 24,474 | - | new | NEW | |
| ELEVANCE HEALTH INC FORMERLY | ELV | $2.0M | 5,170 | flat | 4q | HELD | |
| CHIPOTLE MEXICAN GRILL INC | CMG | $2.0M | 62,871 | - | new | NEW | |
| GAMING & LEISURE P | GLPI | $2.0M | 51,609 | -0.02pp | 4q | HELD | |
| INVESCO EXCH TRADED FD TR II | BKLN | $1.9M | 95,415 | +0.02pp | 2q | +34.3%+$497.5K | |
| TRADEWEB MKTS INC | TW | $1.9M | 19,288 | flat | 4q | HELD | |
| VIKING HOLDINGS LTD | VIK | $1.6M | 20,780 | - | new | NEW | |
| MOBILITY GLOBAL INC | MBGL | $1.1M | 65,126 | - | new | NEW | |
| ZILLOW GROUP INC | Z | $386.5K | 14,246 | -0.06pp | 4q | -74.6%-$1.1M | |
| PROCTER & GAMBLE CO | PG | $166.9K | 1,149 | -0.04pp | 9q | -83.0%-$816.8K | |
| COCA COLA CO | KO | $39.7K | 461 | -0.01pp | 9q | -83.0%-$194.3K | |
| CME GROUP INC | CME | $25.7K | 98 | flat | 9q | -83.1%-$126.3K | |
| GALLAGHER ARTHUR J CO | AJG | $24.4K | 107 | -0.01pp | 9q | -83.0%-$118.8K | |
| STERIS PLC | STE | $11.8K | 56 | flat | 9q | -82.9%-$57.1K | |
| OTIS WORLDWIDE CORP | OTIS | $11.3K | 176 | flat | 9q | -83.0%-$55.3K | |
| BROADRIDGE FINL SOLUTIONS IN | BR | $11.1K | 69 | flat | 9q | -83.0%-$54.1K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Software & IT Services | $503.9M | 23.7% |
| Business Services | $339.7M | 16.0% |
| Semiconductors & Electronics | $197.7M | 9.3% |
| Food, Drink & Tobacco | $179.5M | 8.4% |
| Transport & Logistics | $132.5M | 6.2% |
| Banks & Lending | $108.0M | 5.1% |
| Biotech & Pharma | $95.4M | 4.5% |
| Insurance | $93.1M | 4.4% |
| Medical Devices | $89.5M | 4.2% |
| Energy | $55.7M | 2.6% |
| Mining & Metals | $55.1M | 2.6% |
| Capital Markets | $49.1M | 2.3% |
| Other sectors | $191.8M | 9.0% |
| Not classified | $35.4M | 1.7% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2026 | +2.0% | +2.1% | -0.1% | 99% |
| Q2 2026 | +4.3% | +14.8% | -10.5% | 100% |
| Q1 2026 | -7.9% | -4.6% | -3.3% | 100% |
| Q4 2025 | +0.2% | +2.4% | -2.1% | 100% |
| Q3 2025 | +1.8% | +7.8% | -6.0% | 100% |
| Q2 2025 | +10.7% | +10.5% | +0.2% | 100% |
| Q1 2025 | +1.1% | -4.6% | +5.6% | 100% |
| Q4 2024 | +0.7% | +2.1% | -1.5% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $2.1B | 108 | 14 | 22 | 52 | 12 | 40.4% | 15 |
| Q2 2026 | $2.1B | 106 | 11 | 17 | 58 | 5 | 39.4% | 16 |
| Q1 2026 | $2.2B | 100 | 8 | 53 | 38 | 10 | 40.0% | 24 |
| Q4 2025 | $2.5B | 102 | 38 | 5 | 59 | 6 | 41.7% | 27 |
| Q3 2025 | $4.4B | 70 | 9 | 60 | 1 | 4 | 45.5% | 21 |
| Q2 2025 | $2.0B | 65 | 1 | 35 | 26 | 4 | 47.0% | 18 |
| Q1 2025 | $1.5B | 68 | 3 | 13 | 49 | 6 | 45.3% | 30 |
| Q4 2024 | $1.6B | 71 | 8 | 22 | 39 | 3 | 43.7% | 27 |
| Q3 2024 | $1.5B | 66 | 25 | 6 | 34 | 21 | 46.3% | 43 |
| Q2 2024 | $2.0B | 62 | 4 | 18 | 39 | 3 | 50.5% | 22 |
| Q1 2024 | $2.1B | 61 | 2 | 43 | 15 | 9 | 52.6% | 25 |
| Q4 2023 | $2.0B | 68 | 4 | 25 | 35 | 4 | 48.3% | 31 |
| Q3 2023 | $2.0B | 68 | 4 | 17 | 33 | 25 | 50.0% | 10 |
| Q2 2023 | $2.4B | 89 | 8 | 25 | 46 | 2 | 48.5% | 19 |
| Q1 2023 | $2.2B | 83 | 6 | 41 | 33 | 5 | 50.3% | 28 |
| Q4 2022 | $2.0B | 82 | 4 | 32 | 43 | 2 | 49.6% | 38 |
| Q3 2022 | $2.1B | 80 | 6 | 32 | 22 | 5 | 49.5% | 45 |
| Q2 2022 | $2.3B | 79 | 2 | 32 | 43 | 25 | 51.2% | 46 |
| Q1 2022 | $2.7B | 102 | 6 | 68 | 18 | 13 | 45.3% | 27 |
| Q4 2021 | $2.9B | 109 | 5 | 65 | 37 | 4 | 45.7% | 42 |
| Q3 2021 | $2.2B | 108 | 9 | 65 | 26 | 7 | 44.8% | 33 |
| Q2 2021 | $2.1B | 106 | 1 | 34 | 68 | 2 | 43.0% | 43 |
| Q1 2021 | $1.7B | 107 | 7 | 40 | 57 | 5 | 38.8% | 37 |
| Q4 2020 | $1.6B | 105 | 11 | 51 | 33 | 5 | 39.3% | 36 |
| Q3 2020 | $913.1M | 99 | 9 | 45 | 40 | 9 | 38.8% | 43 |
| Q2 2020 | $962.6M | 99 | 13 | 32 | 39 | 13 | 54.4% | 51 |
| Q1 2020 | $1.2B | 99 | 12 | 67 | 19 | 11 | 43.5% | 42 |
| Q4 2019 | $1.2B | 98 | 11 | 58 | 27 | 15 | 40.0% | 38 |
| Q3 2019 | $1.1B | 102 | 8 | 47 | 44 | 20 | 38.4% | 45 |
| Q2 2019 | $1.1B | 114 | 8 | 54 | 50 | 12 | 36.3% | 30 |
| Q1 2019 | $1.1B | 118 | 9 | 42 | 55 | 11 | 33.1% | 24 |
| Q4 2018 | $938.6M | 120 | 0 | 0 | 0 | 0 | 29.6% | 39 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.