Ninety One SA (Pty) Ltd
CIK 1491998 · View on SEC EDGAR ↗
- Portfolio value
- $1.8B
- Positions
- 110
- As of
- June 30, 2026
#1,599 of 9,443 by 13F value · top 16.9%
Portfolio value QoQ: -10.4% 13F does not disclose cash
- Top 10 holdings weight
- 70.36%
- Top 25 holdings weight
- 83.72%
- Positions above 1%
- 12
- Effective number of positions
- 4.0
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 9.48% Est. buys $185,297,110 · sells $267,315,403
Median holding: 4.0 quarters Tracked Q4 2024–Q2 2026 · 71.0% still held
- New positions
- 19
- Increased
- 41
- Decreased
- 38
- Closed
- 5
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +22.5% · 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: 95.0% · Options excluded: 0.0%
Sector breakdown
Materials
49.9%
Technology
12.2%
Health Care
6.0%
Industrials
5.7%
Communication Services
5.2%
Financial Services
4.3%
Consumer Discretionary
2.9%
Financials
2.8%
Energy
2.7%
Retail
1.5%
Consumer Staples
0.8%
Real Estate
0.5%
Logistics & Transportation
0.3%
Communications
0.0%
Utilities
0.0%
Other/Unmapped
5.1%
Full portfolio 110 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| AU AngloGold Ashanti PLC Ordinary Shares | $906,969,752 | 49.08% | 11,195,133 | $-300,940,248 | Down ×3 | ||
| BRKA | $67,816,092 | 3.67% | 91 | $2,977,871 | |||
| NVDA NVIDIA Corporation - Common Stock | $65,113,677 | 3.52% | 327,559 | $11,959,941 | Up ×5 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $59,242,940 | 3.21% | 166,667 | $-7,756,209 | Down ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $55,692,422 | 3.01% | 150,064 | $14,999,142 | Up ×1 | ||
| JNJ Johnson & Johnson Common Stock | $36,238,312 | 1.96% | 142,414 | $-1,069,485 | Down ×1 | ||
| AAPL Apple Inc. - Common Stock | $36,236,618 | 1.96% | 125,672 | $11,127,981 | Up ×4 | ||
| V Visa Inc. | $25,464,683 | 1.38% | 74,316 | $2,215,222 | Down ×1 | ||
| EW Edwards Lifesciences Corporation Common Stock | $23,754,126 | 1.29% | 262,942 | $3,577,716 | Up ×4 | ||
| AMZN Amazon.com, Inc. - Common Stock | $23,683,639 | 1.28% | 99,423 | $988,145 | Down ×1 | ||
| BKNG Booking Holdings Inc. - Common Stock | $22,211,464 | 1.20% | 123,353 | $10,557,100 | Up ×1 | ||
| JPM JP Morgan Chase & Co. Common Stock | $21,543,541 | 1.17% | 65,600 | $-3,346,668 | Down ×1 | ||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $17,810,408 | 0.96% | 38,205 | $4,273,393 | Down ×2 | ||
| CVX Chevron Corporation Common Stock | $17,734,038 | 0.96% | 106,468 | $-3,710,694 | Up ×1 | ||
| SLB SLB Limited Common Shares | $17,472,122 | 0.95% | 376,149 | Up ×1 | |||
| AVGO Broadcom Inc. - Common Stock | $17,194,451 | 0.93% | 45,690 | $2,070,170 | Down ×2 | ||
| CFG Citizens Financial Group, Inc. Common Stock | $17,076,873 | 0.92% | 243,652 | $3,485,676 | Up ×2 | ||
| LLY Eli Lilly and Company Common Stock | $16,504,481 | 0.89% | 13,721 | $15,029,422 | Up ×2 | ||
| CRH CRH PLC Ordinary Shares | $16,454,540 | 0.89% | 153,391 | $1,315,531 | Up ×2 | ||
| SNX TD SYNNEX Corporation Common Stock | $15,237,379 | 0.82% | 56,871 | $6,342,941 | Up ×2 | ||
| J Jacobs Solutions Inc. Common Stock | $14,248,099 | 0.77% | 114,386 | $630,438 | Up ×2 | ||
| TMO Thermo Fisher Scientific Inc Common Stock | $13,665,945 | 0.74% | 27,313 | $-2,288,095 | Down ×1 | ||
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $13,423,742 | 0.73% | 32,257 | $10,429,471 | Up ×1 | ||
| COP ConocoPhillips Common Stock | $13,123,117 | 0.71% | 126,025 | $-3,249,071 | Up ×1 | ||
| MA Mastercard Incorporated Common Stock | $13,122,939 | 0.71% | 25,604 | $727,568 | Up ×1 | ||
| TKO TKO Group Holdings, Inc. Class A Common Stock | $13,111,460 | 0.71% | 64,778 | $233,732 | Up ×1 | ||
| BA Boeing Company (The) Common Stock | $12,861,967 | 0.70% | 59,411 | $1,790,158 | Up ×2 | ||
| PM Philip Morris International Inc Common Stock | $12,514,603 | 0.68% | 68,510 | $-8,957,517 | Down ×2 | ||
| KGC Kinross Gold Corporation Common Stock | $12,058,816 | 0.65% | 514,200 | ||||
| DAL Delta Air Lines, Inc. Common Stock | $11,472,819 | 0.62% | 121,925 | $3,925,598 | Up ×2 | ||
| SPGI S&P Global Inc. Common Stock | $10,679,821 | 0.58% | 26,190 | $3,692,949 | Up ×6 | ||
| AER AerCap Holdings N.V. Ordinary Shares | $10,565,529 | 0.57% | 71,979 | $2,429,614 | Up ×2 | ||
| GM General Motors Company Common Stock | $10,219,001 | 0.55% | 133,506 | $9,735,860 | Up ×1 | ||
| KEY KeyCorp Common Stock | $10,126,155 | 0.55% | 438,666 | $1,873,067 | Up ×1 | ||
| DELL Dell Technologies Inc. Class C Common Stock | $9,126,930 | 0.49% | 21,194 | Up ×1 | |||
| NTES NetEase, Inc. - American Depositary Shares, each representing 5 ordinary shares | $9,047,179 | 0.49% | 70,256 | $1,465,770 | Up ×3 | ||
| VRSK Verisk Analytics, Inc. - Common Stock | $8,948,782 | 0.48% | 49,995 | $3,219,535 | Up ×6 | ||
| MCO Moody's Corporation Common Stock | $8,813,001 | 0.48% | 19,476 | $421,232 | |||
| TTWO Take-Two Interactive Software, Inc. - Common Stock | $8,607,018 | 0.47% | 34,520 | $2,185,442 | Up ×1 | ||
| GS Goldman Sachs Group, Inc. (The) Common Stock | $8,599,074 | 0.47% | 8,494 | $-2,595,952 | Down ×2 | ||
| INTU Intuit Inc. - Common Stock | $8,554,061 | 0.46% | 32,803 | $-2,669,108 | Up ×3 | ||
| RACE Ferrari N.V. Common Shares | $8,400,771 | 0.45% | 22,654 | $-2,716,961 | Down ×1 | ||
| GNRC Generac Holdlings Inc. Common Stock | $8,211,090 | 0.44% | 28,092 | $1,796,161 | Down ×1 | ||
| PLD Prologis, Inc. Common Stock | $7,968,864 | 0.43% | 58,630 | $702,810 | Up ×3 | ||
| TSLA Tesla, Inc. - Common Stock | $7,456,008 | 0.40% | 17,834 | $1,101,829 | Up ×2 | ||
| IGV | $7,285,601 | 0.39% | 80,849 | Up ×1 | |||
| EEM | $6,996,960 | 0.38% | 102,768 | Up ×1 | |||
| IYH | $6,848,422 | 0.37% | 102,200 | Up ×1 | |||
| IBKR Interactive Brokers Group, Inc. - Class A Common Stock | $6,542,760 | 0.35% | 74,305 | Up ×1 | |||
| ADSK Autodesk, Inc. - Common Stock | $6,089,163 | 0.33% | 31,447 | $-1,427,932 | Down ×2 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $5,568,596 | 0.30% | 15,786 | $747,308 | Down ×1 | ||
| FDX FedEx Corporation Common Stock | $5,361,705 | 0.29% | 17,164 | $-479,012 | Up ×1 | ||
| IWM | $4,291,021 | 0.23% | 14,357 | $803,562 | |||
| ELV Elevance Health, Inc. Common Stock | $3,815,235 | 0.21% | 9,871 | $988,498 | Up ×2 | ||
| COST Costco Wholesale Corporation - Common Stock | $3,812,830 | 0.21% | 4,057 | Up ×1 | |||
| CHKP Check Point Software Technologies Ltd. - Ordinary Shares | $3,252,948 | 0.18% | 25,319 | $-344,213 | |||
| MU Micron Technology, Inc. - Common Stock | $3,011,422 | 0.16% | 2,640 | Up ×1 | |||
| AON Aon plc Class A Ordinary Shares (Ireland) | $2,298,943 | 0.12% | 6,931 | $184,734 | Up ×1 | ||
| ICE Intercontinental Exchange Inc. Common Stock | $2,145,754 | 0.12% | 17,428 | $-526,930 | Up ×2 | ||
| ADP Automatic Data Processing, Inc. - Common Stock | $2,095,276 | 0.11% | 9,356 | $225,410 | Up ×2 | ||
| YUM Yum! Brands, Inc. | $2,090,969 | 0.11% | 13,080 | $210,128 | Up ×1 | ||
| HLT Hilton Worldwide Holdings Inc. Common Stock | $1,942,112 | 0.11% | 5,877 | $-368,287 | Down ×1 | ||
| CME CME Group Inc. - Class A Common Stock | $1,788,502 | 0.10% | 8,099 | $-544,762 | Up ×1 | ||
| MNST Monster Beverage Corporation - Common Stock | $1,787,431 | 0.10% | 18,415 | $1,511,358 | Up ×1 | ||
| LRCX Lam Research Corporation - Common Stock | $1,523,012 | 0.08% | 3,525 | Up ×1 | |||
| SCHW Charles Schwab Corporation (The) Common Stock | $1,476,228 | 0.08% | 15,999 | $-1,794,757 | Down ×1 | ||
| BR Broadridge Financial Solutions, Inc. Common Stock | $1,296,986 | 0.07% | 9,638 | Up ×1 | |||
| CNC Centene Corporation Common Stock | $1,292,850 | 0.07% | 20,185 | Up ×1 | |||
| B Barrick Mining Corporation Common Shares | $1,253,719 | 0.07% | 34,227 | $755,323 | Up ×1 | ||
| CPRT Copart, Inc. - Common Stock | $1,206,081 | 0.07% | 42,784 | $-163,584 | Up ×1 | ||
| YUMC Yum China Holdings, Inc. Common Stock | $1,182,614 | 0.06% | 28,936 | $-191,323 | Up ×1 | ||
| GOVT | $990,879 | 0.05% | 43,412 | Up ×1 | |||
| BKR Baker Hughes Company - Common Stock | $941,584 | 0.05% | 16,790 | Up ×1 | |||
| GE GE Aerospace Common Stock | $936,607 | 0.05% | 2,510 | $-2,101,132 | Down ×1 | ||
| KLAC KLA Corporation - Common Stock | $935,503 | 0.05% | 3,160 | $-323,703 | Up ×1 | ||
| XOM Exxon Mobil Corporation Common Stock | $927,857 | 0.05% | 6,830 | $-1,220,042 | Down ×1 | ||
| Z Zillow Group, Inc. - Class C Capital Stock | $877,748 | 0.05% | 29,268 | $-3,084,881 | Down ×1 | ||
| ZTS Zoetis Inc. Class A Common Stock | $836,810 | 0.05% | 11,645 | $-623,008 | Down ×1 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $791,612 | 0.04% | 1,433 | $-16,698,039 | Down ×1 | ||
| BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share | $754,787 | 0.04% | 7,864 | $-362,434 | Down ×1 | ||
| NEM Newmont Corporation | $604,787 | 0.03% | 6,509 | $415,350 | Up ×1 | ||
| MRK Merck & Company, Inc. Common Stock (new) | $603,551 | 0.03% | 4,749 | $35,048 | |||
| ROK Rockwell Automation, Inc. Common Stock | $600,992 | 0.03% | 1,222 | ||||
| FANG Diamondback Energy, Inc. - Common Stock | $592,703 | 0.03% | 3,311 | $-78,801 | |||
| AZN AstraZeneca PLC - American Depositary Shares | $554,503 | 0.03% | 2,963 | $-228,115 | Down ×1 | ||
| FISV Fiserv, Inc. - Common Stock | $542,885 | 0.03% | 11,068 | $-20,583 | Up ×1 | ||
| XP XP Inc. - Class A Common Stock | $528,145 | 0.03% | 32,804 | Up ×1 | |||
| EFX Equifax, Inc. Common Stock | $486,146 | 0.03% | 3,148 | Up ×1 | |||
| MRSH Marsh Common Stock | $431,509 | 0.02% | 2,589 | $-17,553 | |||
| VRSN VeriSign, Inc. - Common Stock | $412,559 | 0.02% | 1,640 | $-3,007,509 | Down ×2 | ||
| MSI Motorola Solutions, Inc. Common Stock | $369,193 | 0.02% | 889 | $-16,607 | |||
| UBS UBS Group AG Registered Ordinary Shares | $347,636 | 0.02% | 7,000 | $-83,437 | Down ×2 | ||
| TT Trane Technologies plc | $308,566 | 0.02% | 627 | $-44,540 | Down ×2 | ||
| FCX Freeport-McMoRan, Inc. Common Stock | $290,497 | 0.02% | 4,642 | $-73,024 | Down ×2 | ||
| IBN ICICI Bank Limited Common Stock | $289,535 | 0.02% | 9,902 | $-55,918 | Down ×1 | ||
| TRU TransUnion Common Stock | $271,837 | 0.01% | 3,833 | $-81,737 | Down ×2 | ||
| ASPI ASP Isotopes Inc. - Common Stock | $251,842 | 0.01% | 40,489 | Up ×1 | |||
| ABT Abbott Laboratories Common Stock | $242,302 | 0.01% | 2,651 | $-195,360 | Down ×3 | ||
| ALGN Align Technology, Inc. - Common Stock | $225,161 | 0.01% | 1,335 | $-3,698 | |||
| EA Electronic Arts Inc. - Common Stock | $218,368 | 0.01% | 1,065 | $-356,750 | Down ×2 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| SLB | $17,472,122 | 376,149 | 0.95% |
| KGC | $12,058,816 | 514,200 | 0.65% |
| DELL | $9,126,930 | 21,194 | 0.49% |
| IGV | $7,285,601 | 80,849 | 0.39% |
| EEM | $6,996,960 | 102,768 | 0.38% |
| IYH | $6,848,422 | 102,200 | 0.37% |
| IBKR | $6,542,760 | 74,305 | 0.35% |
| COST | $3,812,830 | 4,057 | 0.21% |
| MU | $3,011,422 | 2,640 | 0.16% |
| LRCX | $1,523,012 | 3,525 | 0.08% |
| BR | $1,296,986 | 9,638 | 0.07% |
| CNC | $1,292,850 | 20,185 | 0.07% |
| GOVT | $990,879 | 43,412 | 0.05% |
| BKR | $941,584 | 16,790 | 0.05% |
| ROK | $600,992 | 1,222 | 0.03% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| AU | Trimmed | -1.4M | -$300.9M |
| MSFT | Bought more | +39K | +$15.0M |
| NVDA | Bought more | +19K | +$12.0M |
| AAPL | Bought more | +26K | +$11.1M |
| BKNG | Bought more | +121K | +$10.6M |
| UNH | Bought more | +21K | +$10.4M |
| PM | Trimmed | -62K | -$9.0M |
| GOOGL | Trimmed | -70K | -$7.8M |
| SNX | Bought more | +3K | +$6.3M |
| TSM | Trimmed | -3K | +$4.3M |
6 positions hidden (data completeness check)
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.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| KGC | June 30, 2025 | 2,301,696 | $28,897,794 | 93.4% |
| NFLX | March 31, 2025 | 24,651 | $21,971,930 | -91.3% |
| KGC | Dec. 31, 2025 | 870,664 | $21,583,761 | 7.4% |
| VLO | June 30, 2026 | 76,514 | $19,434,556 | 33.8% |
| AEM | June 30, 2026 | 94,525 | $18,720,766 | 34.4% |
| BAC | March 31, 2025 | 417,764 | $18,360,728 | 50.7% |
| META | June 30, 2025 | 27,359 | $15,399,561 | -25.9% |
| NFLX | March 31, 2026 | 143,470 | $13,451,749 | -16.1% |
| ACM | March 31, 2026 | 115,802 | $11,039,407 | -23.5% |
| HDB | March 31, 2026 | 293,246 | $10,715,210 | -6.6% |
| SYY | March 31, 2025 | 112,622 | $8,611,079 | 12.2% |
| NEM | Dec. 31, 2025 | 101,691 | $8,582,063 | 27.0% |
| TTE | March 31, 2026 | 109,561 | $7,152,985 | 0.9% |
| SYF | March 31, 2025 | 106,946 | $6,951,490 | 44.5% |
| TECK | March 31, 2026 | 144,433 | $6,916,898 | 26.3% |
| SNPS | Dec. 31, 2025 | 13,508 | $6,648,873 | -15.4% |
| TWLO | March 31, 2026 | 44,119 | $6,275,488 | 75.7% |
| ICLR | March 31, 2026 | 32,751 | $5,967,888 | 59.9% |
| PINS | March 31, 2026 | 221,591 | $5,736,993 | 27.4% |
| SW | March 31, 2026 | 145,854 | $5,632,356 | 22.9% |
| BROS | March 31, 2026 | 87,790 | $5,374,506 | -1.5% |
| CNI | Sept. 30, 2025 | 49,410 | $5,136,943 | 35.3% |
| DASH | March 31, 2026 | 22,655 | $5,130,906 | 47.6% |
| COIN | June 30, 2025 | 25,488 | $4,283,769 | -51.4% |
| AEM | March 31, 2025 | 49,498 | $3,871,239 | 92.4% |
| TPR | March 31, 2025 | 53,783 | $3,513,644 | 85.4% |
| EL | June 30, 2026 | 33,408 | $2,397,693 | 24.4% |
| EPAM | June 30, 2025 | 12,566 | $2,115,866 | -38.0% |
| KO | March 31, 2026 | 18,390 | $1,285,645 | 19.8% |
| IDXX | Dec. 31, 2025 | 1,905 | $1,217,086 | -16.8% |
| WMT | June 30, 2026 | 6,461 | $795,543 | -7.9% |
| ROK | March 31, 2025 | 2,546 | $727,622 | 68.2% |
| DHR | March 31, 2025 | 2,795 | $641,593 | 4.7% |
| KLAC | March 31, 2025 | 992 | $625,080 | -72.6% |
| PAAS | March 31, 2025 | 29,925 | $605,084 | 96.9% |
| AON | March 31, 2025 | 1,409 | $506,057 | -12.1% |
| GOLD | June 30, 2025 | 24,449 | $473,944 | 102.5% |
| VALE | June 30, 2025 | 44,875 | $444,487 | 42.3% |
| PG | March 31, 2026 | 3,058 | $438,242 | -0.1% |
| TXN | March 31, 2026 | 2,461 | $426,959 | 37.0% |
| PG | March 31, 2025 | 2,540 | $425,832 | -15.3% |
| UNH | June 30, 2025 | 798 | $417,754 | 25.8% |
| ACN | March 31, 2026 | 1,530 | $410,500 | -6.7% |
| WM | March 31, 2025 | 1,965 | $396,518 | -2.6% |
| ADBE | March 31, 2026 | 1,129 | $395,139 | 12.7% |
| NEE | June 30, 2025 | 5,312 | $379,702 | 23.5% |
| RBLX | Dec. 31, 2025 | 2,575 | $353,818 | -53.3% |
| APTV | March 31, 2025 | 5,802 | $350,905 | -19.2% |
| AZO | Dec. 31, 2025 | 81 | $349,775 | -11.4% |
| AMT | June 30, 2026 | 1,741 | $298,025 | 8.4% |
| CSCO | March 31, 2026 | 3,850 | $296,566 | 42.0% |
| LNG | March 31, 2026 | 1,135 | $220,633 | -2.2% |
| OKTA | March 31, 2026 | 2,266 | $195,942 | 74.1% |
| LNWO | June 30, 2025 | 2,209 | $189,489 | No longer tracked |
| HOOD | March 31, 2026 | 1,656 | $187,294 | 41.6% |
| FBIN | June 30, 2025 | 2,708 | $163,212 | -11.8% |
| DLR | March 31, 2025 | 826 | $146,475 | 34.0% |