Ninety One North America, Inc.
Long book
$2.23B
Q1 2026
Positions
100
Top-10 weight
40%
concentration
Last quarter
+7.3%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsNinety One North America, Inc. is a diversified fundamental manager, running a $2.23B US long book across 100 positions.
The portfolio is moderately concentrated (top 10 ≈ 40% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: VISA INC-CLASS A SHARES, PHILIP MORRIS INTERNATIONAL, ALPHABET INC-CL A, MICROSOFT CORP, MASTERCARD INC - A.
Over the last 9 quarters its long book ran on average 2.1pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.3%
Q2 2024
+4.9%
Q3 2024
+1.2%
Q4 2024
+1.0%
Q1 2025
+11.5%
Q2 2025
+2.3%
Q3 2025
+0.8%
Q4 2025
-7.5%
Q1 2026
+7.3%
Sector allocation
Technology 31%
Services media 18%
Financials 14%
Healthcare 13%
Consumer staples 8%
Industrials 8%
Other 3%
Utilities 2%
Long book by quarter
What does Ninety One own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| V VISA INC-CLASS A SHARES | Services media | 445.5K | $134.6M | 6.0% | +1.6% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 717.5K | $118.6M | 5.3% | +1.6% |
| GOOGL ALPHABET INC-CL A | Technology | 377.3K | $108.5M | 4.9% | -11.5% |
| MSFT MICROSOFT CORP | Technology | 245.2K | $90.8M | 4.1% | -4.7% |
| MA MASTERCARD INC - A | Services media | 169.3K | $84.6M | 3.8% | +2.8% |
| BKNG BOOKING HOLDINGS INC | Industrials | 18.5K | $77.8M | 3.5% | +15.4% |
| ADSK AUTODESK INC | Technology | 300.5K | $71.9M | 3.2% | -1.2% |
| JNJ JOHNSON & JOHNSON | Healthcare | 283.3K | $69.3M | 3.1% | +1.8% |
| EA ELECTRONIC ARTS INC | Technology | 339.2K | $69.1M | 3.1% | +2.0% |
| INTU INTUIT INC | Technology | 150.8K | $65.2M | 2.9% | +38.6% |
| AON AON PLC-CLASS A | Financials | 175.6K | $56.7M | 2.5% | -0.5% |
| ALC ALCON INC | Healthcare | 747.6K | $55.1M | 2.5% | +2.7% |
| MRSH MARSH & MCLENNAN COS | Financials | 311.0K | $53.9M | 2.4% | +16.4% |
| BAP CREDICORP LTD | Financials | 154.7K | $52.5M | 2.4% | -7.3% |
| EW EDWARDS LIFESCIENCES CORP | Healthcare | 637.3K | $51.0M | 2.3% | +12.2% |
| MSI MOTOROLA SOLUTIONS INC | Technology | 110.5K | $48.0M | 2.2% | +1.9% |
| VRSN VERISIGN INC | Technology | 162.2K | $40.3M | 1.8% | +2.1% |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 2.6M | $37.1M | 1.7% | -6.2% |
| XP XP INC - CLASS A | Financials | 1.9M | $36.6M | 1.6% | +34.0% |
| MNST MONSTER BEVERAGE CORP | Consumer staples | 473.7K | $34.3M | 1.5% | +1.9% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 163.5K | $33.2M | 1.5% | +0.4% |
| AZN ASTRAZENECA PLC | Healthcare | 158.6K | $30.7M | 1.4% | New |
| ALLE ALLEGION PLC | Services media | 210.5K | $30.6M | 1.4% | New |
| SPGI S&P GLOBAL INC | Services media | 70.7K | $30.1M | 1.4% | +1.8% |
| CPW CHECK POINT SOFTWARE TECH | — | 207.7K | $29.7M | 1.3% | +2.0% |
| ALGN ALIGN TECHNOLOGY INC | Healthcare | 172.4K | $29.6M | 1.3% | +2.0% |
| MCO MOODY'S CORP | Services media | 66.6K | $29.1M | 1.3% | +1.8% |
| NVDA NVIDIA CORP | Technology | 146.5K | $25.6M | 1.1% | -3.7% |
| NEE NEXTERA ENERGY INC | Utilities | 257.4K | $23.9M | 1.1% | -9.5% |
| FDS FACTSET RESEARCH SYSTEMS INC | Technology | 87.9K | $19.1M | 0.9% | +2.0% |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 214.4K | $16.8M | 0.8% | -2.6% |
| TEL TE CONNECTIVITY PLC | Consumer discretionary | 75.5K | $15.8M | 0.7% | -0.6% |
| LIN LINDE PLC | Materials | 31.7K | $15.7M | 0.7% | New |
| TTEK TETRA TECH INC | Services media | 413.1K | $12.4M | 0.6% | -0.6% |
| ACM AECOM | Services media | 137.0K | $11.6M | 0.5% | -0.6% |
| AVGO BROADCOM INC | Technology | 37.5K | $11.6M | 0.5% | -8.8% |
| AGCO AGCO CORP | Industrials | 100.1K | $11.6M | 0.5% | -0.6% |
| AAPL APPLE INC | Technology | 44.6K | $11.3M | 0.5% | +78.4% |
| FTI TECHNIPFMC PLC | Industrials | 157.5K | $10.9M | 0.5% | +13.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 52.1K | $10.8M | 0.5% | +0.7% |
| TKO TKO GROUP HOLDINGS INC | Services media | 52.7K | $10.6M | 0.5% | -15.4% |
| WM WASTE MANAGEMENT INC | Utilities | 43.9K | $10.1M | 0.5% | -0.6% |
| VMI VALMONT INDUSTRIES | Industrials | 23.1K | $9.2M | 0.4% | -0.6% |
| JPM JPMORGAN CHASE & CO | Financials | 31.0K | $9.1M | 0.4% | +15.7% |
| XOM EXXON MOBIL CORP | Energy | 48.6K | $8.2M | 0.4% | +35.3% |
| TRMB TRIMBLE INC | Other | 121.5K | $7.9M | 0.4% | -0.6% |
| CL COLGATE-PALMOLIVE CO | Other | 74.9K | $6.4M | 0.3% | +0.7% |
| LLY ELI LILLY & CO | Healthcare | 6.6K | $6.1M | 0.3% | +0.7% |
| TT TRANE TECHNOLOGIES PLC | Technology | 14.5K | $6.0M | 0.3% | New |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 89.0K | $5.6M | 0.3% | +14.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 24, 2026 | 100 | $2.23B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 27, 2026 | 102 | $2.47B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR/ANEW HOLDINGS | Nov 13, 2025 | 70 | $2.21B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 21, 2025 | 68 | $2.14B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 18, 2025 | 65 | $2.04B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 30, 2025 | 68 | $1.49B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 27, 2025 | 71 | $1.62B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 66 | $1.47B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 22, 2024 | 62 | $1.98B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 25, 2024 | 61 | $2.06B | canonical | SEC ↗ |
Similar funds
DIAMANT ASSET MANAGEMENT, INC. LILLY ENDOWMENT INCBROOKFIELD Corp /ON/GQG Partners LLCMITSUBISHI UFJ FINANCIAL GROUP INCNewport Trust Company, LLCVIKING GLOBAL INVESTORS LPPARNASSUS INVESTMENTS, LLC MASTERCARD FOUNDATION ASSET MANAGEMENT CORPPZENA INVESTMENT MANAGEMENT LLCCOATUE MANAGEMENT LLCWinslow Capital Management, LLC