Ninety One North America, Inc.

CIK 1633343 · View on SEC EDGAR ↗

Portfolio value
$2.1B
#1,446 of 9,443 by 13F value · top 15.3%
Positions
106
As of
June 30, 2026

Portfolio value QoQ: -4.2% 13F does not disclose cash

Top 10 holdings weight
39.38%
Top 25 holdings weight
66.86%
Positions above 1%
34
Effective number of positions
39.6

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 10.8% Est. buys $235,652,976 · sells $347,714,477

Median holding: 4.0 quarters Tracked Q4 2024–Q2 2026 · 77.4% still held

New positions
11
Increased
18
Decreased
57
Closed
5
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+9.0%
S&P 500 total return (same window)
+28.1%
Excess return
-19.1%

Annualized: +5.9% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 97.4% · Options excluded: 0.0%

Sector breakdown

Technology
18.2%
Financial Services
15.3%
Industrials
11.5%
Health Care
11.0%
Communication Services
9.5%
Financials
9.2%
Consumer Staples
8.6%
Consumer Discretionary
4.2%
Energy
2.4%
Materials
2.4%
Communications
2.1%
Diversified Consumer Services
1.6%
Retail
0.9%
Utilities
0.8%
Consumer products
0.3%
Real Estate
0.2%
Other/Unmapped
1.8%

Full portfolio 106 positions

Type Streak 8Q trend
V Visa Inc. $147,038,086 6.89% 428,570 $12,404,973 Down ×1
PM Philip Morris International Inc Common Stock $126,113,091 5.91% 697,104 $7,477,997 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $98,864,270 4.63% 276,644 $-9,628,958 Down ×2
MSFT Microsoft Corporation - Common Stock $89,709,077 4.20% 240,494 $-1,054,760 Down ×4
BKNG Booking Holdings Inc. - Common Stock $79,385,425 3.72% 445,385 $1,616,601 Up ×3
JNJ Johnson & Johnson Common Stock $72,598,851 3.40% 285,856 $3,347,773 Up ×3
NTES NetEase, Inc. - American Depositary Shares, each representing 5 ordinary shares $62,277,067 2.92% 486,008 $5,642,925 Down ×1
EW Edwards Lifesciences Corporation Common Stock $55,768,413 2.61% 616,498 $4,731,023 Down ×1
MA Mastercard Incorporated Common Stock $54,538,675 2.55% 106,189 $-30,077,752 Down ×1
ADSK Autodesk, Inc. - Common Stock $54,318,426 2.54% 279,387 $-17,627,982 Down ×2
MRSH Marsh Common Stock $49,795,666 2.33% 298,768 $-4,146,939 Down ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $47,246,481 2.21% 98,931 $-13,835,620 Down ×6
INTU Intuit Inc. - Common Stock $44,949,161 2.11% 172,219 $-20,250,720 Up ×3
MSI Motorola Solutions, Inc. Common Stock $44,228,389 2.07% 106,500 $-3,730,074 Down ×1
MNST Monster Beverage Corporation - Common Stock $43,816,209 2.05% 455,849 $9,489,803 Down ×1
VIST Vista Energy S.A.B. de C.V. American Depositary Shares, each representing one series A share, with no par value $41,599,388 1.95% 652,028 $-4,838,439 Up ×2
VRSN VeriSign, Inc. - Common Stock $39,612,150 1.86% 157,466 $-676,813 Down ×1
BAP Credicorp Ltd. Common Stock $36,736,618 1.72% 94,298 $-15,738,941 Down ×2
LTM LATAM Airlines Group S.A. American Depositary Shares (each representing two thousand (2,000) shares of Common Stock) $36,133,871 1.69% 620,111 Up ×1
AON Aon plc Class A Ordinary Shares (Ireland) $36,034,474 1.69% 108,639 $-20,632,465 Down ×2
LAUR Laureate Education, Inc. - Common Stock $34,510,976 1.62% 950,192 Up ×1
ADP Automatic Data Processing, Inc. - Common Stock $34,374,761 1.61% 153,493 $1,159,094 Down ×1
INDA $33,712,627 1.58% 682,580 $-19,828,211 Down ×1
NU Nu Holdings Ltd. Class A Ordinary Shares $32,564,469 1.53% 2,437,460 $-4,558,217 Down ×2
ALC Alcon Inc. Ordinary Shares $31,275,620 1.47% 462,060 $-23,858,937 Down ×1
XP XP Inc. - Class A Common Stock $29,626,456 1.39% 1,822,045 $-7,018,446 Down ×1
NVDA NVIDIA Corporation - Common Stock $29,319,788 1.37% 146,533 $3,764,432
MCO Moody's Corporation Common Stock $29,032,176 1.36% 64,100 $-41,271 Down ×1
ALGN Align Technology, Inc. - Common Stock $28,008,189 1.31% 166,063 $-1,542,746 Down ×1
SPGI S&P Global Inc. Common Stock $27,683,095 1.30% 67,974 $-2,390,148 Down ×1
CHKP Check Point Software Technologies Ltd. - Ordinary Shares $26,300,198 1.23% 200,108 $-3,368,465 Down ×1
EA Electronic Arts Inc. - Common Stock $24,131,776 1.13% 117,693 $-45,015,835 Down ×1
AZN AstraZeneca PLC - American Depositary Shares $23,114,315 1.08% 123,512 $-7,600,297 Down ×1
TX Ternium S.A. Ternium S.A. American Depositary Shares (each representing ten shares, USD1.00 par value) $21,748,308 1.02% 509,328 $-2,268,100 Down ×4
ASX ASE Technology Holding Co., Ltd. American Depositary Shares (each representing Two Common Shares) $20,494,453 0.96% 454,221 $10,699,601 Up ×1
FDS FactSet Research Systems Inc. Common Stock $19,503,884 0.91% 84,770 $429,810 Down ×1
ALLE Allegion plc Ordinary Shares $18,277,473 0.86% 130,098 $-12,306,948 Down ×1
CP Canadian Pacific Kansas City Limited Common Shares $17,778,176 0.83% 205,130 $961,424 Down ×2
IBN ICICI Bank Limited Common Stock $17,617,583 0.83% 606,875 $839,406 Down ×1
NEE NextEra Energy, Inc. Common Stock $16,707,987 0.78% 190,361 $-7,196,075 Down ×3
VMI Valmont Industries, Inc. Common Stock $16,120,240 0.76% 27,909 $6,896,565 Up ×1
TEL TE Connectivity plc Ordinary Shares $15,377,603 0.72% 76,274 $-397,347 Up ×1
AMZN Amazon.com, Inc. - Common Stock $14,597,849 0.68% 61,248 $3,753,854 Up ×2
AVGO Broadcom Inc. - Common Stock $14,179,980 0.66% 37,538 $2,561,593
TTEK Tetra Tech, Inc. - Common Stock $14,033,810 0.66% 485,767 $1,589,760 Up ×1
TT Trane Technologies plc $13,957,295 0.65% 28,417 $7,912,063 Up ×1
FMX Fomento Economico Mexicano S.A.B. de C.V. Common Stock $13,727,255 0.64% 107,328
AAPL Apple Inc. - Common Stock $12,906,903 0.60% 44,605 $1,586,600
LIN Linde plc - Ordinary Shares $12,509,049 0.59% 24,105 $-3,195,142 Down ×1
AGCO AGCO Corporation Common Stock $12,106,698 0.57% 101,142 $510,659 Up ×1
WM Waste Management, Inc. Common Stock $12,078,760 0.57% 54,194 $1,990,288 Up ×1
RYAAY Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares $11,809,689 0.55% 182,389 Up ×1
JPM JP Morgan Chase & Co. Common Stock $10,150,831 0.48% 31,011 $1,028,635
TKO TKO Group Holdings, Inc. Class A Common Stock $9,440,836 0.44% 46,897 $-1,177,449 Down ×2
DSGX The Descartes Systems Group Inc. - Common Stock $8,502,652 0.40% 122,805 Up ×1
LLY Eli Lilly and Company Common Stock $8,022,988 0.38% 6,689 $1,930,431 Up ×2
ACM AECOM Common Stock $7,277,769 0.34% 104,266 $-4,344,099 Down ×2
KGC Kinross Gold Corporation Common Stock $6,849,280 0.32% 289,381 $2,115,163 Up ×1
XOM Exxon Mobil Corporation Common Stock $6,638,577 0.31% 48,556 $-1,599,434
CFG Citizens Financial Group, Inc. Common Stock $6,553,227 0.31% 93,524 $2,360,544 Up ×2
TRMB Trimble Inc. - Common Stock $6,285,929 0.29% 122,820 $-1,641,213 Up ×1
UBS UBS Group AG Registered Ordinary Shares $5,839,131 0.27% 117,577 $666,142 Down ×1
J Jacobs Solutions Inc. Common Stock $5,438,160 0.25% 43,160 $632,576 Up ×2
CL Colgate-Palmolive Company Common Stock $5,372,724 0.25% 58,603 $-1,013,646 Down ×1
IBKR Interactive Brokers Group, Inc. - Class A Common Stock $5,300,388 0.25% 60,896 Up ×1
GM General Motors Company Common Stock $5,279,826 0.25% 68,498 $176,725
B Barrick Mining Corporation Common Shares $4,972,288 0.23% 135,374 $-549,618
BA Boeing Company (The) Common Stock $4,818,623 0.23% 22,260 $388,215
SNX TD SYNNEX Corporation Common Stock $4,818,269 0.23% 18,023 $1,158,105 Down ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $4,787,227 0.22% 11,518
HDB HDFC Bank Limited Common Stock $4,629,925 0.22% 179,246 $2,249,779 Up ×1
COST Costco Wholesale Corporation - Common Stock $4,327,485 0.20% 4,626 Up ×1
FCX Freeport-McMoRan, Inc. Common Stock $4,101,120 0.19% 65,211 $268,017
META Meta Platforms, Inc. - Class A Common Stock $4,100,752 0.19% 7,280 $-64,355
DAL Delta Air Lines, Inc. Common Stock $3,904,780 0.18% 41,691 $1,133,162
RACE Ferrari N.V. Common Shares $3,884,067 0.18% 10,474 $-401,794 Down ×1
TRU TransUnion Common Stock $3,801,923 0.18% 52,702 $155,471
AER AerCap Holdings N.V. Ordinary Shares $3,750,337 0.18% 25,726 $-1,158,513 Down ×1
ABT Abbott Laboratories Common Stock $3,709,815 0.17% 40,884 $-1,392,885 Down ×1
CVX Chevron Corporation Common Stock $3,706,063 0.17% 22,358 Up ×1
TMO Thermo Fisher Scientific Inc Common Stock $3,705,051 0.17% 7,390 $72,644
GS Goldman Sachs Group, Inc. (The) Common Stock $3,565,080 0.17% 3,525 $50,837 Down ×2
TTWO Take-Two Interactive Software, Inc. - Common Stock $3,297,487 0.15% 13,191 $692,264
CRH CRH PLC Ordinary Shares $3,271,204 0.15% 30,572 $-1,350,187 Down ×1
KEY KeyCorp Common Stock $2,937,792 0.14% 127,453 $382,359
ICE Intercontinental Exchange Inc. Common Stock $2,784,502 0.13% 22,618 $-1,002,172 Down ×2
BSX Boston Scientific Corporation Common Stock $2,341,425 0.11% 54,860 $-3,244,518 Down ×1
MWH SOLV Energy, Inc. - Class A common stock $2,315,231 0.11% 67,995 Up ×1
GLPI Gaming and Leisure Properties, Inc. - Common Stock $2,298,149 0.11% 51,609 $8,257
ELV Elevance Health, Inc. Common Stock $1,999,395 0.09% 5,170 $485,877
TW Tradeweb Markets Inc. - Class A Common Stock $1,922,243 0.09% 19,288 $-347,184
Z Zillow Group, Inc. - Class C Capital Stock $1,770,258 0.08% 56,163 $-553,767
BKLN $1,447,595 0.07% 71,065
QCOM QUALCOMM Incorporated - Common Stock $1,290,019 0.06% 6,981 $-1,650,158 Down ×1
PG Procter & Gamble Company (The) Common Stock $992,900 0.05% 6,771 $-865,754 Down ×6
PLNT Planet Fitness, Inc. Common Stock $857,154 0.04% 16,430 $-1,847,601 Down ×1
USHY $570,071 0.03% 15,399 $-478,691 Down ×1
SHYG $237,793 0.01% 5,607 $560
KO Coca-Cola Company (The) Common Stock $220,892 0.01% 2,718 $-171,983 Down ×6
AJG Arthur J. Gallagher & Co. Common Stock $144,170 0.01% 628 $-114,210 Down ×6

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
BKNG $79,385,425 3.72% up ×3
JNJ $72,598,851 3.40% up ×3
INTU $44,949,161 2.11% up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
LTM $36,133,871 620,111 1.69%
LAUR $34,510,976 950,192 1.62%
FMX $13,727,255 107,328 0.64%
RYAAY $11,809,689 182,389 0.55%
DSGX $8,502,652 122,805 0.40%
IBKR $5,300,388 60,896 0.25%
UNH $4,787,227 11,518 0.22%
COST $4,327,485 4,626 0.20%
CVX $3,706,063 22,358 0.17%
MWH $2,315,231 67,995 0.11%
BKLN $1,447,595 71,065 0.07%

Top movers (QoQ)

Security Action Shares Δ Value Δ
EA Trimmed -221K -$45.0M
MA Trimmed -63K -$30.1M
ALC Trimmed -286K -$23.9M
AON Trimmed -67K -$20.6M
INTU Bought more +21K -$20.3M
INDA Trimmed -460K -$19.8M
ADSK Trimmed -21K -$17.6M
BAP Trimmed -60K -$15.7M
TSM Trimmed -82K -$13.8M
V Trimmed -17K +$12.4M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
ICLR March 31, 2026 455,399 $82,982,811 56.0%
SE Dec. 31, 2025 372,502 $66,577,283 -8.5%
VALE March 31, 2026 3,361,779 $43,803,984 -8.8%
TCOM March 31, 2025 622,663 $42,752,042 -27.6%
BEKE March 31, 2025 1,615,517 $29,757,824 -14.5%
STNE March 31, 2026 1,580,941 $23,382,120 -34.0%
FMX Sept. 30, 2025 222,042 $22,865,886 21.1%
MMYT Sept. 30, 2025 202,881 $19,886,396 -35.0%
KT June 30, 2025 1,027,760 $18,201,630 -7.9%
APTV March 31, 2025 189,967 $11,489,205 -19.7%
MELI Dec. 31, 2025 4,743 $11,084,107 -3.8%
FTI June 30, 2026 157,464 $10,885,487 17.4%
ROK March 31, 2025 34,632 $9,897,480 69.0%
ANSS June 30, 2025 19,263 $6,097,896 No longer tracked
UAE Dec. 31, 2025 269,635 $5,093,406
EMBJ Dec. 31, 2025 72,962 $4,410,553 18.2%
BN June 30, 2025 79,487 $4,159,226 1.8%
EEM June 30, 2026 67,918 $3,857,064 No longer tracked
OKTA March 31, 2026 26,425 $2,284,970 68.6%
BROS March 31, 2026 35,423 $2,168,597 -2.9%
PINS March 31, 2026 83,397 $2,159,149 25.8%
DASH March 31, 2026 9,402 $2,129,365 46.2%
HOOD March 31, 2026 15,863 $1,794,106 53.4%
ZTS June 30, 2026 11,671 $1,379,629 6.6%
ACN Dec. 31, 2025 4,655 $1,147,923 -32.0%
TMO June 30, 2025 2,205 $1,097,208 53.0%
SRLN Dec. 31, 2025 21,718 $903,035 No longer tracked
BKLN March 31, 2026 42,200 $886,200 No longer tracked
BDX Sept. 30, 2025 4,289 $738,781 28.3%
UNH Sept. 30, 2025 2,204 $687,582 12.2%
HOLX March 31, 2025 8,398 $605,412 No longer tracked
CDW March 31, 2025 3,268 $568,763 -17.0%
VCIT June 30, 2026 2,880 $238,320
ROP June 30, 2026 512 $181,177 19.6%
CPNG March 31, 2026 717 $16,915 -14.7%