Ninety One North America, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 18, 2025), Ninety One North America, Inc. reported 65 stock positions worth $2.0 billion. Its top holding was Visa Class A (V) at 7.6% of the portfolio, followed by Microsoft (MSFT, 6.7%) and Philip Morris International (PM, 6.2%). Compared with Q1 2025, it opened 1 new position, sold out of 4, added to 36 and reduced 26. The biggest buy was Microsoft (MSFT, shares +49%) and the biggest sale Mastercard Class A (MA, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001633343
- Portfolio Value
- $2.0B (Q2 2025)
- SEC Filing
- 0001140361-25-026326 ↗ filed Jul 18, 2025
Holdings Value
Holdings 65 stocks · $2.0B
| V Visa Inc. Class A | 7.56% | 433,639 | $154.0M | Add +40.4% |
| MSFT Microsoft Corp. | 6.72% | 275,263 | $136.9M | Add +49.1% |
| PM Philip Morris International | 6.20% | 693,502 | $126.3M | Add +13.5% |
| BKNG Booking Holdings Inc. | 4.47% | 15,729 | $91.1M | Add +42.9% |
| ADSK Autodesk Inc. | 4.45% | 292,722 | $90.6M | Add +32.1% |
| INTU Intuit Inc. | 4.13% | 106,904 | $84.2M | Add +47.2% |
| MA Mastercard Inc. Class A | 3.61% | 130,843 | $73.5M | Reduce -0.9% |
| TSM Taiwan Semiconductor-SP ADR | 3.47% | 312,406 | $70.8M | Reduce -5.3% |
| GOOGL Alphabet Inc. Class A | 3.23% | 373,856 | $65.9M | Add +47.2% |
| NTES Netease Inc.-ADR | 3.20% | 483,745 | $65.1M | Add +52.5% |
| ICLR Icon PLC | 3.06% | 428,851 | $62.4M | Add +20.5% |
| VRSN Verisign Inc. | 2.96% | 209,095 | $60.4M | Add +0.3% |
| SE Sea Ltd.-ADR | 2.62% | 333,615 | $53.4M | Reduce -7.2% |
| EA Electronic Arts Inc. | 2.53% | 323,008 | $51.6M | Add +42.7% |
| ADP Automatic Data Processing | 2.50% | 165,286 | $51.0M | Add +35.3% |
| BAP Credicorp Ltd. | 2.27% | 206,849 | $46.2M | Reduce -1.3% |
| CHKP Check Point Software Tech | 2.17% | 200,041 | $44.3M | Add +45.9% |
| AON Aon PLC Class A | 2.01% | 114,785 | $41.0M | Add +1433.9% |
| FDS Factset Research Systems Inc. | 1.86% | 84,686 | $37.9M | Add +42.7% |
| EW Edwards Lifesciences Corp. | 1.84% | 480,382 | $37.6M | Add +46.6% |
| JNJ Johnson & Johnson | 1.81% | 240,770 | $36.8M | Add +42.3% |
| SPGI S&P Global Inc. | 1.77% | 68,511 | $36.1M | Add +41.9% |
| ACN Accenture PLC Class A | 1.65% | 112,136 | $33.5M | Reduce -1.2% |
| INDA iShares MSCI India ETF | 1.63% | 596,188 | $33.2M | Add +2.5% |
| CPNG Coupang Inc. | 1.62% | 1,100,228 | $33.0M | Add +34.8% |
| MNST Monster Beverage Corp. | 1.61% | 522,726 | $32.7M | Add +43.0% |
| MCO Moody's Corp. | 1.59% | 64,583 | $32.4M | Add +41.7% |
| TX Ternium SA-Sponsored ADR | 1.51% | 1,023,049 | $30.8M | Add +23.4% |
| ALGN Align Technology Inc. | 1.29% | 139,133 | $26.3M | Add +46.5% |
| VIST Vista Energy Sab DE CV | 1.29% | 548,201 | $26.2M | Add +35.4% |
| VALE Vale SA-SP ADR | 1.19% | 2,491,368 | $24.2M | Reduce -7.3% |
| NEE Nextera Energy Inc. | 1.13% | 330,510 | $22.9M | Add +4.5% |
| FMX Fomento Economico Mex-SP ADR | 1.12% | 222,042 | $22.9M | Reduce -7.6% |
| MRSH Marsh & McLennan Cos | 1.05% | 98,045 | $21.4M | Add +47.0% |
| MMYT Makemytrip Ltd. | 0.98% | 202,881 | $19.9M | Add +6.1% |
| MSI Motorola Solutions Inc. | 0.93% | 44,915 | $18.9M | Add +42.9% |
| TEL Te Connectivity PLC | 0.86% | 103,777 | $17.5M | Add +2.6% |
| CP Canadian Pacific Kansas City | 0.80% | 206,785 | $16.4M | Add +135.7% |
| MELI MercadoLibre Inc. | 0.78% | 6,094 | $15.9M | Add +21.5% |
| ACM Aecom | 0.73% | 131,494 | $14.8M | Add +5.4% |
| TTEK Tetra Tech Inc. | 0.68% | 384,789 | $13.8M | Add +5.2% |
| WM Waste Management Inc. | 0.46% | 40,900 | $9.4M | Reduce -40.2% |
| IBN Icici Bank Ltd.-Spon ADR | 0.45% | 272,058 | $9.2M | Reduce -1.2% |
| HDB HDFC Bank Ltd.-ADR | 0.43% | 113,162 | $8.7M | Add +64.6% |
| STNE Stoneco Ltd. Class A | 0.37% | 472,365 | $7.6M | New |
| PG The Procter & Gamble Co. | 0.28% | 35,899 | $5.7M | Reduce -15.3% |
| EMBJ Embraer SA-Spon ADR | 0.25% | 88,624 | $5.0M | Add +4.9% |
| FTI Technipfmc PLC | 0.18% | 105,634 | $3.6M | Reduce -3.0% |
| ASX Ase Technology Holding -ADR | 0.14% | 272,528 | $2.8M | Reduce -6.5% |
| ICE Intercontinental Exchange Inc. | 0.08% | 8,582 | $1.6M | Reduce -15.3% |
| ABT Abbott Laboratories | 0.06% | 8,867 | $1.2M | Reduce -15.3% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.05% | 3,328 | $1.1M | Reduce -15.3% |
| KO The Coca-Cola Co. | 0.05% | 14,412 | $1.0M | Reduce -15.3% |
| CME Cme Group Inc. | 0.04% | 3,075 | $848K | Reduce -15.3% |
| ROP Roper Technologies Inc. | 0.04% | 1,429 | $810K | Reduce -15.3% |
| BDX Becton Dickinson and Co. | 0.04% | 4,289 | $739K | Reduce -15.3% |
| UNH Unitedhealth Group Inc. | 0.03% | 2,204 | $688K | Reduce -15.4% |
| EFX Equifax Inc. | 0.03% | 2,610 | $677K | Reduce -15.3% |
| SRLN SS Blackstone Sr Loan ETF | 0.03% | 15,970 | $664K | No change |
| OTIS Otis Worldwide Corp. | 0.03% | 5,494 | $544K | Reduce -15.3% |
| BR Broadridge Financial Solutio | 0.03% | 2,148 | $522K | Reduce -15.4% |
| BKLN Invesco Senior Loan ETF | 0.02% | 20,000 | $418K | No change |
| STE Steris PLC | 0.02% | 1,737 | $417K | Reduce -15.3% |
| ZTS Zoetis Inc. | 0.02% | 2,396 | $374K | Reduce -15.3% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.01% | 876 | $158K | Reduce -15.4% |
Portfolio Sells Q1 2025 → Q2 2025
| MA Mastercard Inc. Class A | Reduce -0.9% | 3.61% | −1.26 |
| KT KT Corp.-SP ADR | Sold out | 0.00% | −1.23 |
| ACN Accenture PLC Class A | Reduce -1.2% | 1.65% | −0.74 |
| VALE Vale SA-SP ADR | Reduce -7.3% | 1.19% | −0.62 |
| WM Waste Management Inc. | Reduce -40.2% | 0.46% | −0.61 |
| SE Sea Ltd.-ADR | Reduce -7.2% | 2.62% | −0.54 |
| FMX Fomento Economico Mex-SP ADR | Reduce -7.6% | 1.12% | −0.46 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.41 |
| BAP Credicorp Ltd. | Reduce -1.3% | 2.27% | −0.36 |
| BN Brookfield Corp. | Sold out | 0.00% | −0.28 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -5.3% | 3.47% | −0.21 |
| PG The Procter & Gamble Co. | Reduce -15.3% | 0.28% | −0.21 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -1.2% | 0.45% | −0.14 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.07 |
| UNH Unitedhealth Group Inc. | Reduce -15.4% | 0.03% | −0.06 |
| FTI Technipfmc PLC | Reduce -3.0% | 0.18% | −0.05 |
| BDX Becton Dickinson and Co. | Reduce -15.3% | 0.04% | −0.04 |
| ICE Intercontinental Exchange Inc. | Reduce -15.3% | 0.08% | −0.04 |
| AJG Arthur J Gallagher & Co. | Reduce -15.3% | 0.05% | −0.04 |
| ABT Abbott Laboratories | Reduce -15.3% | 0.06% | −0.03 |
| ASX Ase Technology Holding -ADR | Reduce -6.5% | 0.14% | −0.03 |
| KO The Coca-Cola Co. | Reduce -15.3% | 0.05% | −0.03 |
| ROP Roper Technologies Inc. | Reduce -15.3% | 0.04% | −0.03 |
| CME Cme Group Inc. | Reduce -15.3% | 0.04% | −0.02 |
| OTIS Otis Worldwide Corp. | Reduce -15.3% | 0.03% | −0.02 |
| EFX Equifax Inc. | Reduce -15.3% | 0.03% | −0.02 |
| BR Broadridge Financial Solutio | Reduce -15.4% | 0.03% | −0.02 |
| ZTS Zoetis Inc. | Reduce -15.3% | 0.02% | −0.01 |
| STE Steris PLC | Reduce -15.3% | 0.02% | −0.01 |
| JKHY Jack Henry & Associates Inc. | Reduce -15.4% | 0.01% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | Add +49.1% | 6.72% | +2.06 |
| AON Aon PLC Class A | Add +1433.9% | 2.01% | +1.81 |
| INTU Intuit Inc. | Add +47.2% | 4.13% | +1.13 |
| BKNG Booking Holdings Inc. | Add +42.9% | 4.47% | +1.06 |
| NTES Netease Inc.-ADR | Add +52.5% | 3.20% | +1.00 |
| GOOGL Alphabet Inc. Class A | Add +47.2% | 3.23% | +0.59 |
| ADSK Autodesk Inc. | Add +32.1% | 4.45% | +0.54 |
| CPNG Coupang Inc. | Add +34.8% | 1.62% | +0.41 |
| CP Canadian Pacific Kansas City | Add +135.7% | 0.80% | +0.39 |
| STNE Stoneco Ltd. Class A | New | 0.37% | +0.37 |
| EA Electronic Arts Inc. | Add +42.7% | 2.53% | +0.33 |
| ALGN Align Technology Inc. | Add +46.5% | 1.29% | +0.28 |
| V Visa Inc. Class A | Add +40.4% | 7.56% | +0.27 |
| EW Edwards Lifesciences Corp. | Add +46.6% | 1.84% | +0.25 |
| MNST Monster Beverage Corp. | Add +43.0% | 1.61% | +0.17 |
| MCO Moody's Corp. | Add +41.7% | 1.59% | +0.16 |
| MELI MercadoLibre Inc. | Add +21.5% | 0.78% | +0.12 |
| SPGI S&P Global Inc. | Add +41.9% | 1.77% | +0.12 |
| HDB HDFC Bank Ltd.-ADR | Add +64.6% | 0.43% | +0.12 |
| CHKP Check Point Software Tech | Add +45.9% | 2.17% | +0.07 |
| FDS Factset Research Systems Inc. | Add +42.7% | 1.86% | +0.04 |
| VIST Vista Energy Sab DE CV | Add +35.4% | 1.29% | +0.02 |
| MSI Motorola Solutions Inc. | Add +42.9% | 0.93% | +0.00 |
| ADP Automatic Data Processing | Add +35.3% | 2.50% | −0.01 |
| EMBJ Embraer SA-Spon ADR | Add +4.9% | 0.25% | −0.02 |
| TTEK Tetra Tech Inc. | Add +5.2% | 0.68% | −0.04 |
| MRSH Marsh & McLennan Cos | Add +47.0% | 1.05% | −0.04 |
| ACM Aecom | Add +5.4% | 0.73% | −0.05 |
| JNJ Johnson & Johnson | Add +42.3% | 1.81% | −0.08 |
| TEL Te Connectivity PLC | Add +2.6% | 0.86% | −0.10 |
| TX Ternium SA-Sponsored ADR | Add +23.4% | 1.51% | −0.23 |
| MMYT Makemytrip Ltd. | Add +6.1% | 0.98% | −0.29 |
| PM Philip Morris International | Add +13.5% | 6.20% | −0.33 |
| NEE Nextera Energy Inc. | Add +4.5% | 1.13% | −0.38 |
| INDA iShares MSCI India ETF | Add +2.5% | 1.63% | −0.39 |
| VRSN Verisign Inc. | Add +0.3% | 2.96% | −0.60 |
| ICLR Icon PLC | Add +20.5% | 3.06% | −1.13 |
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 |