Ninety One North America, Inc. 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Ninety One North America, Inc. disclosed 102 US equity positions worth $2.5bn in its Q4 2025 13F filing. The largest position was V at 6.2% of the reported book, followed by GOOGL and MSFT. Against the Q3 2025 filing, it opened 6 new positions, added to 33 and reduced 9 among the top 50 holdings.
What did Ninety One North America, Inc. own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | V Visa Inc | Financial Services | 6.2% | $153.7m | 438,344 | 1% | added |
| 2 | GOOGL Alphabet Inc | Communication Services | 5.4% | $133.5m | 426,416 | 14% | added |
| 3 | MSFT Microsoft Corp | Technology | 5.0% | $124.4m | 257,310 | -6% | reduced |
| 4 | PM Philip Morris International Inc | Consumer Defensive | 4.6% | $113.3m | 706,366 | 2% | added |
| 5 | MA Mastercard Inc | Financial Services | 3.8% | $94.0m | 164,735 | 14% | added |
| 6 | ADSK Autodesk Inc | Technology | 3.6% | $90.0m | 304,051 | 3% | added |
| 7 | BKNG Booking Holdings Inc | Consumer Cyclical | 3.5% | $85.7m | 16,005 | 2% | added |
| 8 | ICLR ICON PLC | Healthcare | 3.4% | $83.0m | 455,399 | 3% | added |
| 9 | TSM Taiwan Semiconductor Manufacturing Co Ltd | Technology | 3.2% | $78.1m | 257,068 | -16% | reduced |
| 10 | INTU Intuit Inc | Technology | 2.9% | $72.1m | 108,831 | 2% | added |
| 11 | NTES NetEase Inc | Communication Services | 2.8% | $68.8m | 500,241 | 3% | added |
| 12 | EA Electronic Arts Inc | Communication Services | 2.8% | $68.0m | 332,602 | 3% | added |
| 13 | AON Aon PLC | Financial Services | 2.5% | $62.3m | 176,485 | 21% | added |
| 14 | INDA iShares MSCI India ETF | 2.4% | $59.9m | 1,107,777 | 30% | added | |
| 15 | ALC Alcon AG | Healthcare | 2.4% | $58.2m | 728,305 | 4% | added |
| 16 | JNJ Johnson & Johnson | Healthcare | 2.3% | $57.6m | 278,252 | 16% | added |
| 17 | MRSH Marsh & McLennan Cos Inc | Financial Services | 2.0% | $49.6m | 267,244 | 173% | added |
| 18 | EW Edwards Lifesciences Corp | Healthcare | 2.0% | $48.4m | 567,944 | 3% | added |
| 19 | BAP Credicorp Ltd | Financial Services | 1.9% | $47.9m | 166,814 | 10% | added |
| 20 | NU NU Holdings Ltd/Cayman Islands | Financial Services | 1.9% | $46.1m | 2,755,386 | 22% | added |
| 21 | VALE Vale SA | Basic Materials | 1.8% | $43.8m | 3,361,779 | -0% | held |
| 22 | ADP Automatic Data Processing Inc | Technology | 1.7% | $41.9m | 162,873 | 0% | held |
| 23 | MSI Motorola Solutions Inc | Technology | 1.7% | $41.6m | 108,400 | 87% | added |
| 24 | VRSN VeriSign Inc | Technology | 1.6% | $38.6m | 158,934 | 3% | added |
| 25 | Check Point Software Technologies Ltd | 1.5% | $37.8m | 203,646 | 2% | added | |
| 26 | SPGI S&P Global Inc | Financial Services | 1.5% | $36.3m | 69,447 | 2% | added |
| 27 | MNST Monster Beverage Corp | Consumer Defensive | 1.4% | $35.6m | 464,682 | -11% | reduced |
| 28 | MCO Moody's Corp | Financial Services | 1.4% | $33.4m | 65,473 | 2% | added |
| 29 | TX Ternium SA | Basic Materials | 1.2% | $30.0m | 785,653 | -16% | reduced |
| 30 | NVDA NVIDIA Corp | Technology | 1.2% | $28.4m | 152,128 | – | new |
| 31 | ALGN Align Technology Inc | Healthcare | 1.1% | $26.4m | 169,028 | 2% | added |
| 32 | FDS FactSet Research Systems Inc | Financial Services | 1.0% | $25.0m | 86,179 | 2% | added |
| 33 | VIST Vista Energy SAB de CV | Energy | 1.0% | $23.5m | 483,830 | -1% | reduced |
| 34 | XP XP Inc | Financial Services | 1.0% | $23.5m | 1,435,950 | 16% | added |
| 35 | STNE StoneCo Ltd | Technology | 0.9% | $23.4m | 1,580,941 | -1% | reduced |
| 36 | NEE NextEra Energy Inc | Utilities | 0.9% | $22.8m | 284,236 | -17% | reduced |
| 37 | IBN ICICI Bank Ltd | Financial Services | 0.7% | $17.3m | 582,037 | 45% | added |
| 38 | TEL TE Connectivity PLC | Technology | 0.7% | $17.3m | 75,921 | -7% | reduced |
| 39 | CP Canadian Pacific Kansas City Ltd | Industrials | 0.7% | $16.2m | 220,134 | 2% | added |
| 40 | AVGO Broadcom Inc | Technology | 0.6% | $14.3m | 41,182 | – | new |
| 41 | TTEK Tetra Tech Inc | Industrials | 0.6% | $13.9m | 415,535 | 3% | added |
| 42 | ACM AECOM | Industrials | 0.5% | $13.1m | 137,801 | 3% | added |
| 43 | TKO TKO Group Holdings Inc | Communication Services | 0.5% | $13.0m | 62,231 | – | new |
| 44 | KGC Kinross Gold Corp | Basic Materials | 0.5% | $12.4m | 440,414 | -19% | reduced |
| 45 | AMZN Amazon.com Inc | Consumer Cyclical | 0.5% | $11.9m | 51,721 | – | new |
| 46 | AGCO AGCO Corp | Industrials | 0.4% | $10.5m | 100,693 | 3% | added |
| 47 | EEM iShares MSCI Emerging Markets ETF | 0.4% | $10.2m | 186,696 | 24% | added | |
| 48 | WM Waste Management Inc | Industrials | 0.4% | $9.7m | 44,160 | 3% | added |
| 49 | TRMB Trimble Inc | Technology | 0.4% | $9.6m | 122,272 | – | new |
| 50 | VMI Valmont Industries Inc | Industrials | 0.4% | $9.3m | 23,228 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.