Navera Investment Management Ltd.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 29, 2025), Navera Investment Management Ltd. reported 52 stock positions worth $5.2 billion. Its top holding was Microsoft (MSFT) at 7.7% of the portfolio, followed by Mastercard Class A (MA, 6.9%) and Marsh & McLennan Cos (MRSH, 6.3%). Compared with Q2 2025, it opened 1 new position, added to 5 and reduced 22. The biggest buy was a new position in Verisk Analytics (VRSK) and the biggest sale Unitedhealth (UNH, shares −99%).

Most Recent 13F
Q2 2026
Location
LONDON, X0
CIK
0001842702
Portfolio Value
$5.2B (Q3 2025)
SEC Filing
0000945621-25-000987 ↗ filed Oct 29, 2025

Holdings Value

0$2.0B$4.0B$6.0B Q1 2024: $5.1B Q1 2024 Q2 2024: $5.3B Q2 2024 Q3 2024: $5.6B Q3 2024 Q4 2024: $5.6B Q4 2024 Q1 2025: $5.5B Q1 2025 Q2 2025: $5.5B Q2 2025 Q3 2025: $5.2B $5.2B Q3 2025 Q4 2025: $4.7B Q4 2025 Q1 2026: $3.9B Q1 2026 Q2 2026: $3.7B Q2 2026

Holdings 52 stocks · $5.2B
MSFT Microsoft Corp. 7.70% 776,303 $402.1M Reduce -0.7%
MA Mastercard Inc. Class A 6.90% 633,388 $360.2M Reduce -1.0%
MRSH Marsh & McLennan Cos 6.27% 1,623,960 $327.3M Add +7.0%
INTU Intuit Inc. 6.20% 474,549 $324.0M Add +12.8%
AMZN Amazon.com Inc. 6.14% 1,459,886 $320.5M Add +36.6%
LH Labcorp Holdings Inc. 5.81% 1,057,325 $303.6M Reduce -1.1%
TSCO Tractor Supply Company 5.75% 5,285,477 $300.5M Reduce -1.5%
CDNS Cadence Design SYS Inc. 5.47% 812,731 $285.5M Reduce -1.1%
ISRG Intuitive Surgical Inc. 5.22% 610,070 $272.8M Add +14.7%
BR Broadridge Financial Solutio 5.06% 1,109,355 $264.1M Reduce -1.0%
SNPS Synopsys Inc. 4.77% 504,636 $249.1M Reduce -14.3%
TMO Thermo Fisher Scientific Inc. 4.41% 475,608 $230.6M Reduce -28.5%
ACN Accenture PLC Class A 4.41% 934,071 $230.4M Reduce -1.2%
APH Amphenol Corp. Class A 4.16% 1,755,366 $217.2M Reduce -17.5%
ADP Automatic Data Processing 4.07% 723,792 $212.4M Reduce -0.6%
FISV Fiserv Inc. 3.69% 1,496,581 $192.9M Reduce -17.8%
GOOGL Alphabet Inc. Class A 3.37% 724,952 $176.2M Reduce -1.1%
AME Ametek Inc. 3.31% 918,684 $172.7M Add +13.6%
AVY Avery Dennison Corp. 2.55% 821,619 $133.2M Reduce -1.0%
GOOG Alphabet Inc. Class C 2.18% 467,011 $113.7M Reduce -2.4%
VRSK Verisk Analytics Inc. 2.11% 437,518 $110.0M New
BRK.B Berkshire Hathaway Inc. Class B 0.18% 18,467 $9.3M Reduce -1.4%
UNH Unitedhealth Group Inc. 0.06% 9,330 $3.2M Reduce -98.5%
AAPL Apple Inc. 0.05% 9,394 $2.4M Reduce -6.9%
TSM Taiwan Semiconductor-SP ADR 0.04% 7,210 $2.0M Reduce -4.0%
COST Costco Wholesale Corp. 0.02% 1,049 $971K No change
XYL Xylem Inc. 0.02% 6,030 $890K No change
JNJ Johnson & Johnson 0.01% 2,500 $463K No change
WPM Wheaton Precious Metals Corp. 0.01% 4,000 $447K No change
MCD McDonald's Corp. 0.01% 1,450 $441K Reduce -2.1%
AXP American Express Co. 0.01% 1,000 $332K No change
ALGN Align Technology Inc. 0.01% 2,365 $296K Reduce -99.7%
META Meta Platforms Inc. Class A 0.01% 388 $285K No change
WEC WEC Energy Group Inc. 0.01% 2,380 $273K No change
SPGI S&P Global Inc. 0.01% 540 $263K No change
XOM Exxon Mobil Corp. 0.00% 1,900 $214K No change
PANW Palo Alto Networks Inc. 0.00% 960 $195K No change
DG Dollar General Corp. 0.00% 1,550 $160K No change
DE Deere & Co. 0.00% 325 $149K No change
KO The Coca-Cola Co. 0.00% 2,162 $143K No change
MSCI MSCI Inc. 0.00% 245 $139K No change
SYK Stryker Corp. 0.00% 350 $129K No change
ABBV Abbvie Inc. 0.00% 500 $116K No change
AMD Advanced Micro Devices 0.00% 650 $105K No change
ADBE Adobe Inc. 0.00% 286 $101K Reduce -67.7%
LIN Linde PLC 0.00% 197 $94K No change
JPM JPMorgan Chase & Co. 0.00% 280 $88K No change
ABT Abbott Laboratories 0.00% 655 $88K No change
V Visa Inc. Class A 0.00% 250 $85K No change
CB Chubb Ltd. 0.00% 108 $30K No change
VZ Verizon Communications Inc. 0.00% 690 $30K No change
WFC Wells Fargo & Co. 0.00% 350 $29K No change

Portfolio Sells Q2 2025 → Q3 2025
UNH Unitedhealth Group Inc. Reduce -98.5% 0.06% −3.59
ALGN Align Technology Inc. Reduce -99.7% 0.01% −2.71
FISV Fiserv Inc. Reduce -17.8% 3.69% −2.01
ACN Accenture PLC Class A Reduce -1.2% 4.41% −0.72
SNPS Synopsys Inc. Reduce -14.3% 4.77% −0.72
TMO Thermo Fisher Scientific Inc. Reduce -28.5% 4.41% −0.48
AVY Avery Dennison Corp. Reduce -1.0% 2.55% −0.09
ADP Automatic Data Processing Reduce -0.6% 4.07% −0.01
ADBE Adobe Inc. Reduce -67.7% 0.00% −0.00
MCD McDonald's Corp. Reduce -2.1% 0.01% +0.00
TSM Taiwan Semiconductor-SP ADR Reduce -4.0% 0.04% +0.01
AAPL Apple Inc. Reduce -6.9% 0.05% +0.01
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.4% 0.18% +0.01
BR Broadridge Financial Solutio Reduce -1.0% 5.06% +0.11
APH Amphenol Corp. Class A Reduce -17.5% 4.16% +0.34
MA Mastercard Inc. Class A Reduce -1.0% 6.90% +0.36
TSCO Tractor Supply Company Reduce -1.5% 5.75% +0.61
MSFT Microsoft Corp. Reduce -0.7% 7.70% +0.63
GOOG Alphabet Inc. Class C Reduce -2.4% 2.18% +0.64
LH Labcorp Holdings Inc. Reduce -1.1% 5.81% +0.71
CDNS Cadence Design SYS Inc. Reduce -1.1% 5.47% +0.87
GOOGL Alphabet Inc. Class A Reduce -1.1% 3.37% +1.03

Portfolio Buys Q2 2025 → Q3 2025
VRSK Verisk Analytics Inc. New 2.11% +2.11
AMZN Amazon.com Inc. Add +36.6% 6.14% +1.88
AME Ametek Inc. Add +13.6% 3.31% +0.65
MRSH Marsh & McLennan Cos Add +7.0% 6.27% +0.23
INTU Intuit Inc. Add +12.8% 6.20% +0.18
ISRG Intuitive Surgical Inc. Add +14.7% 5.22% −0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 56$3.7BAPH, TSM, MA, MRSH, AMZN
Q1 2026 56$3.9BMRSH, MA, LH, ISRG, TSM
Q4 2025 60$4.7BMA, INTU, MSFT, AMZN, MRSH
Q3 2025 52$5.2BMSFT, MA, MRSH, INTU, AMZN
Q2 2025 51$5.5BMSFT, MA, MRSH, INTU, FISV
Q1 2025 57$5.5BFISV, MA, MRSH, TMO, UNH
Q4 2024 59$5.6BFISV, MA, TMO, MSFT, MRSH
Q3 2024 65$5.6BUNH, FISV, TMO, MA, MSFT
Q2 2024 60$5.3BUNH, MSFT, ISRG, FISV, INTU
Q1 2024 65$5.1BTMO, FISV, MA, MSFT, UNH