Ninety One North America, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 30, 2025), Ninety One North America, Inc. reported 68 stock positions worth $1.5 billion. Its top holding was Visa Class A (V) at 7.3% of the portfolio, followed by Philip Morris International (PM, 6.5%) and Mastercard Class A (MA, 4.9%). Compared with Q4 2024, it opened 3 new positions, sold out of 6, added to 13 and reduced 49. The biggest buy was Mastercard Class A (MA, shares +41%) and the biggest sale an exit from Trip.com Group Ltd.-ADR (TCOM).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001633343
- Portfolio Value
- $1.5B (Q1 2025)
- SEC Filing
- 0001140361-25-016448 ↗ filed Apr 30, 2025
Holdings Value
Holdings 68 stocks · $1.5B
| V Visa Inc. Class A | 7.29% | 308,965 | $108.3M | Reduce -19.6% |
| PM Philip Morris International | 6.53% | 611,212 | $97.0M | Reduce -4.0% |
| MA Mastercard Inc. Class A | 4.87% | 132,029 | $72.4M | Add +41.4% |
| MSFT Microsoft Corp. | 4.66% | 184,550 | $69.3M | Reduce -7.9% |
| ICLR Icon PLC | 4.19% | 355,906 | $62.3M | Add +15.8% |
| ADSK Autodesk Inc. | 3.90% | 221,562 | $58.0M | Reduce -3.4% |
| TSM Taiwan Semiconductor-SP ADR | 3.69% | 329,961 | $54.8M | Reduce -21.3% |
| VRSN Verisign Inc. | 3.56% | 208,519 | $52.9M | Reduce -7.0% |
| BKNG Booking Holdings Inc. | 3.41% | 11,006 | $50.7M | Reduce -6.9% |
| SE Sea Ltd.-ADR | 3.16% | 359,659 | $46.9M | Add +25.0% |
| INTU Intuit Inc. | 3.00% | 72,643 | $44.6M | Reduce -7.4% |
| GOOGL Alphabet Inc. Class A | 2.64% | 254,050 | $39.3M | Reduce -7.3% |
| BAP Credicorp Ltd. | 2.63% | 209,540 | $39.0M | Reduce -4.3% |
| ADP Automatic Data Processing | 2.51% | 122,161 | $37.3M | Reduce -14.2% |
| ACN Accenture PLC Class A | 2.38% | 113,514 | $35.4M | Add +41.9% |
| EA Electronic Arts Inc. | 2.20% | 226,302 | $32.7M | Reduce -7.1% |
| NTES Netease Inc.-ADR | 2.20% | 317,313 | $32.7M | Reduce -6.0% |
| CHKP Check Point Software Tech | 2.10% | 137,147 | $31.3M | Reduce -31.3% |
| INDA iShares MSCI India ETF | 2.02% | 581,663 | $29.9M | Reduce -10.2% |
| JNJ Johnson & Johnson | 1.89% | 169,221 | $28.1M | Reduce -10.8% |
| FDS Factset Research Systems Inc. | 1.82% | 59,342 | $27.0M | Reduce -7.3% |
| VALE Vale SA-SP ADR | 1.81% | 2,688,111 | $26.8M | Reduce -4.7% |
| TX Ternium SA-Sponsored ADR | 1.74% | 828,875 | $25.8M | Reduce -4.0% |
| SPGI S&P Global Inc. | 1.65% | 48,279 | $24.5M | Reduce -6.4% |
| EW Edwards Lifesciences Corp. | 1.60% | 327,714 | $23.8M | Reduce -7.4% |
| FMX Fomento Economico Mex-SP ADR | 1.58% | 240,408 | $23.5M | Reduce -4.0% |
| NEE Nextera Energy Inc. | 1.51% | 316,294 | $22.4M | Reduce -7.5% |
| MNST Monster Beverage Corp. | 1.44% | 365,475 | $21.4M | Reduce -7.7% |
| MCO Moody's Corp. | 1.43% | 45,589 | $21.2M | Reduce -48.0% |
| VIST Vista Energy Sab DE CV | 1.27% | 404,952 | $18.9M | Reduce -6.4% |
| MMYT Makemytrip Ltd. | 1.26% | 191,209 | $18.7M | New |
| KT KT Corp.-SP ADR | 1.23% | 1,027,760 | $18.2M | Add +25.1% |
| CPNG Coupang Inc. | 1.20% | 816,087 | $17.9M | Reduce -3.8% |
| MRSH Marsh & McLennan Cos | 1.10% | 66,677 | $16.3M | New |
| WM Waste Management Inc. | 1.07% | 68,421 | $15.8M | Reduce -31.6% |
| ALGN Align Technology Inc. | 1.02% | 94,998 | $15.1M | Add +53.7% |
| TEL Te Connectivity PLC | 0.96% | 101,102 | $14.3M | Reduce -1.4% |
| MSI Motorola Solutions Inc. | 0.93% | 31,440 | $13.8M | Reduce -8.3% |
| ACM Aecom | 0.78% | 124,805 | $11.6M | Add +15.8% |
| TTEK Tetra Tech Inc. | 0.72% | 365,726 | $10.7M | Add +34.1% |
| MELI MercadoLibre Inc. | 0.66% | 5,014 | $9.8M | Add +73.2% |
| IBN Icici Bank Ltd.-Spon ADR | 0.58% | 275,446 | $8.7M | Add +7.1% |
| PG The Procter & Gamble Co. | 0.49% | 42,407 | $7.2M | Reduce -13.8% |
| CP Canadian Pacific Kansas City | 0.41% | 87,733 | $6.2M | New |
| ANSS Ansys Inc. | 0.41% | 19,263 | $6.1M | Reduce -65.3% |
| HDB HDFC Bank Ltd.-ADR | 0.31% | 68,764 | $4.6M | Add +7.5% |
| BN Brookfield Corp. | 0.28% | 79,487 | $4.2M | Reduce -49.8% |
| EMBJ Embraer SA-Spon ADR | 0.26% | 84,451 | $3.9M | No change |
| FTI Technipfmc PLC | 0.23% | 108,885 | $3.5M | Reduce -16.7% |
| AON Aon PLC Class A | 0.20% | 7,483 | $3.0M | Add +64.4% |
| ASX Ase Technology Holding -ADR | 0.17% | 291,430 | $2.6M | No change |
| ICE Intercontinental Exchange Inc. | 0.12% | 10,138 | $1.7M | Reduce -13.8% |
| ABT Abbott Laboratories | 0.09% | 10,474 | $1.4M | Reduce -13.8% |
| UNH Unitedhealth Group Inc. | 0.09% | 2,604 | $1.4M | Reduce -13.8% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.09% | 3,931 | $1.4M | Reduce -13.8% |
| KO The Coca-Cola Co. | 0.08% | 17,025 | $1.2M | Reduce -13.8% |
| BDX Becton Dickinson and Co. | 0.08% | 5,066 | $1.2M | Reduce -13.8% |
| TMO Thermo Fisher Scientific Inc. | 0.07% | 2,205 | $1.1M | Reduce -13.8% |
| ROP Roper Technologies Inc. | 0.07% | 1,688 | $995K | Reduce -13.8% |
| CME Cme Group Inc. | 0.06% | 3,632 | $964K | Reduce -13.8% |
| EFX Equifax Inc. | 0.05% | 3,083 | $751K | Reduce -13.8% |
| OTIS Otis Worldwide Corp. | 0.05% | 6,490 | $670K | Reduce -13.8% |
| SRLN SS Blackstone Sr Loan ETF | 0.04% | 15,970 | $657K | Add +50.7% |
| BR Broadridge Financial Solutio | 0.04% | 2,538 | $615K | Reduce -13.8% |
| ZTS Zoetis Inc. | 0.03% | 2,830 | $466K | Reduce -13.8% |
| STE Steris PLC | 0.03% | 2,052 | $465K | Reduce -13.8% |
| BKLN Invesco Senior Loan ETF | 0.03% | 20,000 | $414K | No change |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.01% | 1,035 | $189K | Reduce -13.8% |
Portfolio Sells Q4 2024 → Q1 2025
| TCOM Trip.com Group Ltd.-ADR | Sold out | 0.00% | −2.65 |
| BEKE Ke Holdings Inc.-ADR | Sold out | 0.00% | −1.84 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -21.3% | 3.69% | −1.44 |
| MCO Moody's Corp. | Reduce -48.0% | 1.43% | −1.14 |
| ANSS Ansys Inc. | Reduce -65.3% | 0.41% | −0.75 |
| APTV Aptiv PLC | Sold out | 0.00% | −0.71 |
| ROK Rockwell Automation Inc. | Sold out | 0.00% | −0.61 |
| GOOGL Alphabet Inc. Class A | Reduce -7.3% | 2.64% | −0.57 |
| MSFT Microsoft Corp. | Reduce -7.9% | 4.66% | −0.57 |
| ADSK Autodesk Inc. | Reduce -3.4% | 3.90% | −0.29 |
| BN Brookfield Corp. | Reduce -49.8% | 0.28% | −0.28 |
| V Visa Inc. Class A | Reduce -19.6% | 7.29% | −0.23 |
| BKNG Booking Holdings Inc. | Reduce -6.9% | 3.41% | −0.22 |
| CHKP Check Point Software Tech | Reduce -31.3% | 2.10% | −0.20 |
| WM Waste Management Inc. | Reduce -31.6% | 1.07% | −0.18 |
| VIST Vista Energy Sab DE CV | Reduce -6.4% | 1.27% | −0.18 |
| INDA iShares MSCI India ETF | Reduce -10.2% | 2.02% | −0.10 |
| FDS Factset Research Systems Inc. | Reduce -7.3% | 1.82% | −0.09 |
| ADP Automatic Data Processing | Reduce -14.2% | 2.51% | −0.07 |
| MSI Motorola Solutions Inc. | Reduce -8.3% | 0.93% | −0.05 |
| INTU Intuit Inc. | Reduce -7.4% | 3.00% | −0.05 |
| HOLX Hologic Inc. | Sold out | 0.00% | −0.04 |
| CDW CDW Corp. | Sold out | 0.00% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -13.8% | 0.49% | −0.02 |
| EW Edwards Lifesciences Corp. | Reduce -7.4% | 1.60% | −0.02 |
| TMO Thermo Fisher Scientific Inc. | Reduce -13.8% | 0.07% | −0.01 |
| NEE Nextera Energy Inc. | Reduce -7.5% | 1.51% | −0.01 |
| EFX Equifax Inc. | Reduce -13.8% | 0.05% | −0.01 |
| BDX Becton Dickinson and Co. | Reduce -13.8% | 0.08% | −0.00 |
| EA Electronic Arts Inc. | Reduce -7.1% | 2.20% | −0.00 |
| UNH Unitedhealth Group Inc. | Reduce -13.8% | 0.09% | −0.00 |
| FTI Technipfmc PLC | Reduce -16.7% | 0.23% | −0.00 |
| ZTS Zoetis Inc. | Reduce -13.8% | 0.03% | −0.00 |
| JKHY Jack Henry & Associates Inc. | Reduce -13.8% | 0.01% | −0.00 |
| BR Broadridge Financial Solutio | Reduce -13.8% | 0.04% | +0.00 |
| STE Steris PLC | Reduce -13.8% | 0.03% | +0.00 |
| OTIS Otis Worldwide Corp. | Reduce -13.8% | 0.05% | +0.00 |
| ROP Roper Technologies Inc. | Reduce -13.8% | 0.07% | +0.00 |
| CME Cme Group Inc. | Reduce -13.8% | 0.06% | +0.00 |
| KO The Coca-Cola Co. | Reduce -13.8% | 0.08% | +0.01 |
| ABT Abbott Laboratories | Reduce -13.8% | 0.09% | +0.01 |
| ICE Intercontinental Exchange Inc. | Reduce -13.8% | 0.12% | +0.01 |
| AJG Arthur J Gallagher & Co. | Reduce -13.8% | 0.09% | +0.01 |
| CPNG Coupang Inc. | Reduce -3.8% | 1.20% | +0.05 |
| TEL Te Connectivity PLC | Reduce -1.4% | 0.96% | +0.05 |
| SPGI S&P Global Inc. | Reduce -6.4% | 1.65% | +0.06 |
| BAP Credicorp Ltd. | Reduce -4.3% | 2.63% | +0.14 |
| MNST Monster Beverage Corp. | Reduce -7.7% | 1.44% | +0.15 |
| TX Ternium SA-Sponsored ADR | Reduce -4.0% | 1.74% | +0.18 |
| JNJ Johnson & Johnson | Reduce -10.8% | 1.89% | +0.19 |
Portfolio Buys Q4 2024 → Q1 2025
| MA Mastercard Inc. Class A | Add +41.4% | 4.87% | +1.83 |
| SE Sea Ltd.-ADR | Add +25.0% | 3.16% | +1.27 |
| MMYT Makemytrip Ltd. | New | 1.26% | +1.26 |
| MRSH Marsh & McLennan Cos | New | 1.10% | +1.10 |
| ACN Accenture PLC Class A | Add +41.9% | 2.38% | +0.64 |
| KT KT Corp.-SP ADR | Add +25.1% | 1.23% | +0.44 |
| CP Canadian Pacific Kansas City | New | 0.41% | +0.41 |
| MELI MercadoLibre Inc. | Add +73.2% | 0.66% | +0.35 |
| ALGN Align Technology Inc. | Add +53.7% | 1.02% | +0.22 |
| ICLR Icon PLC | Add +15.8% | 4.19% | +0.20 |
| IBN Icici Bank Ltd.-Spon ADR | Add +7.1% | 0.58% | +0.11 |
| AON Aon PLC Class A | Add +64.4% | 0.20% | +0.10 |
| ACM Aecom | Add +15.8% | 0.78% | +0.07 |
| HDB HDFC Bank Ltd.-ADR | Add +7.5% | 0.31% | +0.05 |
| TTEK Tetra Tech Inc. | Add +34.1% | 0.72% | +0.05 |
| SRLN SS Blackstone Sr Loan ETF | Add +50.7% | 0.04% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 106 | $2.1B | V, PM, GOOGL, MSFT, BKNG |
| Q1 2026 | 100 | $2.2B | V, PM, GOOGL, MSFT, MA |
| Q4 2025 | 102 | $2.5B | V, GOOGL, MSFT, PM, MA |
| Q3 2025Amended | 70 | $2.2B | V, MSFT, PM, ADSK, GOOGL |
| Q2 2025 | 65 | $2.0B | V, MSFT, PM, BKNG, ADSK |
| Q1 2025 | 68 | $1.5B | V, PM, MA, MSFT, ICLR |
| Q4 2024 | 71 | $1.6B | V, MSFT, TSM, PM, ADSK |
| Q3 2024 | 66 | $1.5B | V, MSFT, PM, BKNG, ADSK |
| Q2 2024 | 62 | $2.0B | MSFT, V, BKNG, GOOGL, ADSK |
| Q1 2024 | 61 | $2.1B | V, MSFT, BKNG, GOOGL, INTU |