Ninety One North America Portfolio holdings
Ninety One North America is an investment adviser owned by the Ninety One group, called Investec Asset Management North America until early 2020. It manages separate accounts for institutional investors and advises private funds that are open only to institutions. It also advises funds run by other managers, and its range covers equity, fixed income and quality strategies. Its clients include pension plans, state and municipal governments, sovereign wealth funds and insurers.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gerdau
GGB
|
+$39M |
| 2 |
TSMC
TSM
|
+$26.6M |
| 3 |
New Oriental
EDU
|
+$21.2M |
| 4 |
Marsh
MRSH
|
+$18.9M |
| 5 |
ICICI Bank
IBN
|
+$15.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nu Holdings
NU
|
+$32.6M |
| 2 |
Electronic Arts
EA
|
+$24.1M |
| 3 |
Mastercard
MA
|
+$23.7M |
| 4 |
Ternium
TX
|
+$21.7M |
| 5 |
Philip Morris
PM
|
+$15.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.49% |
| 2 | Financials | 23.61% |
| 3 | Consumer Staples | 12.64% |
| 4 | Healthcare | 9.27% |
| 5 | Communication Services | 7.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Visa
V
$789B
| $144M | 6.78% |
401,096
-27,474
| -6% | -$10M |
2017 Q4
35 quarters
|
|
|
2
Philip Morris
PM
$308B
| $117M | 5.5% |
613,326
-83,778
| -12% | -$15.8M |
2017 Q4
35 quarters
|
|
3
Microsoft
MSFT
$3.94T
| $116M | 5.48% |
227,036
-13,458
| -6% | -$6.22M |
2017 Q1
38 quarters
|
|
4
Alphabet (Google) Class A
GOOGL
$3.5T
| $90.2M | 4.24% |
262,289
-14,355
| -5% | -$4.98M |
2016 Q1
42 quarters
|
|
|
5
TSMC
TSM
$1.95T
| $73.8M | 3.47% |
161,824
+62,893
| +64% | +$26.6M |
2018 Q4
31 quarters
|
|
6
Johnson & Johnson
JNJ
$665B
| $71.7M | 3.37% |
270,748
-15,108
| -5% | -$3.99M |
2014 Q4
47 quarters
|
|
|
7
Marsh
MRSH
$97.4B
| $68.6M | 3.23% |
401,969
+103,201
| +35% | +$18.9M |
2025 Q1
6 quarters
|
|
8
Booking.com
BKNG
$119B
| $68.1M | 3.2% |
417,946
-27,439
| -6% | -$5.16M |
2015 Q3
44 quarters
|
|
9
NetEase
NTES
$82.9B
| $56M | 2.63% |
462,048
-23,960
| -5% | -$2.98M |
2014 Q4
47 quarters
|
|
10
Autodesk
ADSK
$54.7B
| $53.4M | 2.51% |
255,494
-23,893
| -9% | -$5.45M |
2020 Q3
24 quarters
|
|
11
Edwards Lifesciences
EW
$58.7B
| $50.3M | 2.36% |
582,170
-34,328
| -6% | -$3.05M |
2024 Q3
8 quarters
|
|
12
Motorola Solutions
MSI
$85.1B
| $44.6M | 2.1% |
99,898
-6,602
| -6% | -$2.97M |
2024 Q1
10 quarters
|
|
13
Intuit
INTU
$91.3B
| $44.5M | 2.09% |
161,536
-10,683
| -6% | -$3.36M |
2017 Q4
35 quarters
|
|
14
Credicorp
BAP
$27.6B
| $44.1M | 2.08% |
116,216
+21,918
| +23% | +$8.42M |
2024 Q2
9 quarters
|
|
15
Vista Energy
VIST
$6.35B
| $43.2M | 2.03% |
661,195
+9,167
| +1% | +$629K |
2024 Q4
7 quarters
|
|
16
VeriSign
VRSN
$27.7B
| $41.9M | 1.97% |
148,455
-9,011
| -6% | -$2.56M |
2019 Q3
28 quarters
|
|
|
17
Gerdau
GGB
$8.59B
| $38.8M | 1.82% |
+8,211,800
| New | +$39M |
2026 Q3
0 quarters
|
|
18
XP
XP
$7.68B
| $38.7M | 1.82% |
1,843,127
+21,082
| +1% | +$375K |
2025 Q3
4 quarters
|
|
19
Automatic Data Processing
ADP
$120B
| $37.2M | 1.75% |
143,966
-9,527
| -6% | -$2.53M |
2019 Q3
28 quarters
|
|
20
Laureate Education
LAUR
$4.56B
| $36.8M | 1.73% |
964,909
+14,717
| +2% | +$552K |
2026 Q2
1 quarter
|
|
21
Monster Beverage
MNST
$89.5B
| $35.6M | 1.67% |
855,485
-56,213
| -6% | -$2.6M |
2018 Q3
32 quarters
|
|
|
22
Mastercard
MA
$569B
| $35.3M | 1.66% |
64,070
-42,119
| -40% | -$23.7M |
2018 Q1
34 quarters
|
|
23
iShares MSCI India ETF
INDA
$6.3B
| $33.4M | 1.57% |
715,963
+33,383
| +5% | +$1.64M |
2018 Q4
31 quarters
|
|
24
LATAM Airlines Group S.A.
LTM
$13.6B
| $31.4M | 1.48% |
629,861
+9,750
| +2% | +$514K |
2026 Q2
1 quarter
|
|
25
NVIDIA
NVDA
$4.51T
| $31.4M | 1.48% |
137,511
-9,022
| -6% | -$1.93M |
2025 Q4
3 quarters
|
|
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Ninety One North America's Q3 2026 Portfolio in Review
As of Q3 2026, Ninety One North America held 119 positions worth $2.13B, down 0.39% from $2.13B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Ninety One North America's Q3 2026 filing shows 13 new, 22 increased, 53 reduced and 11 closed positions. Its largest new stake was Gerdau: 8,211,800 shares worth $38.8M. The largest sale was Nu Holdings, an estimated $32.6M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 23% a quarter earlier, followed by Financials and Consumer Staples.
- Ninety One North America's largest Q3 2026 buy was Gerdau: 8,211,800 shares worth $38.8M.
- Ninety One North America added most to TSMC in Q3 2026, an estimated $26.6M increase.
- Ninety One North America's biggest Q3 2026 reduction was Mastercard, cutting an estimated $23.7M.
- Ninety One North America fully exited Nu Holdings in Q3 2026, selling an estimated $32.6M.
- Ninety One North America's ten largest holdings make up 40% of its $2.13B portfolio in Q3 2026.
- Ninety One North America opened 13 new positions and closed 11 in Q3 2026.
- Ninety One North America's portfolio value fell 0.39% quarter-over-quarter to $2.13B.
Based on Ninety One North America's 13F filing for Q3 2026, filed 15 Oct 2026.