NS Partners Ltd
Long book
$2.23B
Q1 2026
Positions
71
Top-10 weight
46%
concentration
Last quarter
+10.6%
SPY +14.8%
Turnover
49%
of book per quarter
Strategy in plain words
auto-generated from filingsNS Partners Ltd is a diversified fundamental manager, running a $2.23B US long book across 71 positions.
The portfolio is moderately concentrated (top 10 ≈ 46% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: NVIDIA CORP, ALPHABET INC-CL C, MICROSOFT CORP, APPLE INC, AMAZON.COM INC.
Over the last 9 quarters its long book ran on average 1.9pp per quarter behind the S&P 500, beating the index in 3 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
+4.0%
Q2 2024
+6.4%
Q3 2024
+2.5%
Q4 2024
-4.6%
Q1 2025
+11.1%
Q2 2025
+3.6%
Q3 2025
+0.8%
Q4 2025
-11.2%
Q1 2026
+10.6%
Sector allocation
Technology 44%
Financials 11%
Consumer discretionary 8%
Healthcare 7%
Services media 7%
Consumer staples 5%
Industrials 5%
Utilities 4%
Long book by quarter
What does NS Partners own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 1.2M | $208.3M | 9.3% | +1.8% |
| GOOG ALPHABET INC-CL C | Technology | 529.4K | $151.9M | 6.8% | -20.2% |
| MSFT MICROSOFT CORP | Technology | 384.5K | $142.3M | 6.4% | -23.3% |
| AAPL APPLE INC | Technology | 533.5K | $135.4M | 6.1% | -3.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 443.4K | $92.4M | 4.1% | -14.4% |
| META META PLATFORMS INC-CLASS A | Technology | 123.4K | $70.6M | 3.2% | -27.6% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 123.5K | $59.2M | 2.6% | New |
| JPM JPMORGAN CHASE & CO | Financials | 194.1K | $57.1M | 2.6% | +20.8% |
| AVGO BROADCOM INC | Technology | 176.5K | $54.6M | 2.4% | +109.4% |
| MA MASTERCARD INC - A | Services media | 95.5K | $47.7M | 2.1% | -5.1% |
| AMAT APPLIED MATERIALS INC | Technology | 136.6K | $46.7M | 2.1% | New |
| V VISA INC-CLASS A SHARES | Services media | 152.1K | $46.0M | 2.1% | -3.6% |
| NEE NEXTERA ENERGY INC | Utilities | 477.8K | $44.4M | 2.0% | -1.6% |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 133.6K | $43.7M | 2.0% | -3.0% |
| UNH UNITEDHEALTH GROUP INC | Financials | 148.0K | $40.0M | 1.8% | -2.0% |
| TMUS T-MOBILE US INC | Communications | 185.9K | $39.0M | 1.7% | -1.7% |
| WEC WEC ENERGY GROUP INC | Utilities | 319.5K | $37.0M | 1.7% | +51.4% |
| MCD MCDONALD'S CORP | Consumer discretionary | 117.1K | $36.4M | 1.6% | -3.2% |
| T AT&T INC | Communications | 1.2M | $36.0M | 1.6% | New |
| SYK STRYKER CORP | Healthcare | 107.3K | $35.2M | 1.6% | -3.6% |
| KO COCA-COLA CO/THE | Consumer staples | 437.0K | $33.2M | 1.5% | -2.5% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 71.5K | $33.0M | 1.5% | -1.1% |
| XOM EXXON MOBIL CORP | Energy | 182.9K | $31.0M | 1.4% | New |
| GEV GE VERNOVA INC | Industrials | 34.6K | $30.2M | 1.4% | New |
| YUM YUM! BRANDS INC | Consumer discretionary | 193.6K | $30.1M | 1.3% | +11.3% |
| GE GENERAL ELECTRIC | Industrials | 106.0K | $30.1M | 1.3% | New |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 179.6K | $29.7M | 1.3% | +71.2% |
| BAC BANK OF AMERICA CORP | Financials | 585.3K | $28.5M | 1.3% | +24.9% |
| CVX CHEVRON CORP | Energy | 131.7K | $27.3M | 1.2% | New |
| VRSN VERISIGN INC | Technology | 101.8K | $25.3M | 1.1% | -2.3% |
| APH AMPHENOL CORP-CL A | Technology | 193.3K | $24.4M | 1.1% | New |
| MNST MONSTER BEVERAGE CORP | Consumer staples | 329.1K | $23.8M | 1.1% | -1.1% |
| NOC NORTHROP GRUMMAN CORP | Technology | 34.0K | $23.2M | 1.0% | -2.4% |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 358.6K | $22.5M | 1.0% | -0.2% |
| WFC WELLS FARGO & CO | Financials | 262.8K | $20.9M | 0.9% | New |
| ZTS ZOETIS INC | Healthcare | 172.0K | $20.3M | 0.9% | -1.7% |
| IDXX IDEXX LABORATORIES INC | Materials | 35.2K | $19.8M | 0.9% | -1.0% |
| LMT LOCKHEED MARTIN CORP | Industrials | 31.7K | $19.2M | 0.9% | -2.2% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 83.7K | $18.9M | 0.8% | -1.9% |
| BAP CREDICORP LTD | Financials | 49.7K | $16.8M | 0.8% | New |
| EW EDWARDS LIFESCIENCES CORP | Healthcare | 193.2K | $15.5M | 0.7% | -0.4% |
| SBUX STARBUCKS CORP | Consumer discretionary | 171.6K | $15.4M | 0.7% | -3.2% |
| LLY ELI LILLY & CO | Healthcare | 16.2K | $14.9M | 0.7% | New |
| NKE NIKE INC -CL B | Other | 231.1K | $12.2M | 0.5% | -2.6% |
| MKC MCCORMICK & CO-NON VTG SHRS | Consumer staples | 237.9K | $12.0M | 0.5% | -5.3% |
| SNPS SYNOPSYS INC | Technology | 29.8K | $11.8M | 0.5% | -1.6% |
| ALLE ALLEGION PLC | Services media | 71.7K | $10.4M | 0.5% | 0.0% |
| MU MICRON TECHNOLOGY INC | Technology | 29.2K | $9.9M | 0.4% | New |
| BDX BECTON DICKINSON AND CO | Healthcare | 57.4K | $9.0M | 0.4% | -2.4% |
| EL ESTEE LAUDER COMPANIES-CL A | Other | 117.7K | $8.4M | 0.4% | -1.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 122 | $2.23B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 130 | $2.55B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 130 | $2.59B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 128 | $2.45B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 130 | $2.28B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 134 | $2.42B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 132 | $2.37B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 8, 2024 | 74 | $2.21B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 9, 2024 | 75 | $2.17B | 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