Ninety One North America, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Ninety One North America, Inc. reported 70 stock positions worth $2.2 billion. Its top holding was Visa Class A (V) at 6.7% of the portfolio, followed by Microsoft (MSFT, 6.4%) and Philip Morris International (PM, 5.1%). Compared with Q2 2025, it opened 9 new positions, sold out of 4, added to 22 and reduced 29. The biggest buy was a new position in Alcon (ALC) and the biggest sale Accenture Class A (ACN, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001633343
- Portfolio Value
- $2.2B (Q3 2025)
- SEC Filing
- 0001140361-25-041939 ↗ filed Nov 13, 2025
Holdings Value
Holdings 70 stocks · $2.2B
| V Visa Inc. Class A | 6.68% | 431,985 | $147.5M | Reduce -0.4% |
| MSFT Microsoft Corp. | 6.43% | 273,804 | $141.8M | Reduce -0.5% |
| PM Philip Morris International | 5.11% | 694,699 | $112.7M | Add +0.2% |
| ADSK Autodesk Inc. | 4.26% | 296,108 | $94.1M | Add +1.2% |
| GOOGL Alphabet Inc. Class A | 4.12% | 373,856 | $90.9M | No change |
| TSM Taiwan Semiconductor-SP ADR | 3.87% | 305,940 | $85.4M | Reduce -2.1% |
| BKNG Booking Holdings Inc. | 3.85% | 15,729 | $84.9M | No change |
| MA Mastercard Inc. Class A | 3.73% | 144,504 | $82.2M | Add +10.4% |
| ICLR Icon PLC | 3.51% | 442,847 | $77.5M | Add +3.3% |
| NTES Netease Inc.-ADR | 3.33% | 483,745 | $73.5M | No change |
| INTU Intuit Inc. | 3.31% | 106,904 | $73.0M | No change |
| SE Sea Ltd.-ADR | 3.02% | 372,502 | $66.6M | Add +11.7% |
| EA Electronic Arts Inc. | 2.95% | 323,008 | $65.2M | No change |
| ALC Alcon Inc. filed as ALCON AG | 2.36% | 699,754 | $52.1M | New |
| AON Aon PLC Class A | 2.35% | 145,307 | $51.8M | Add +26.6% |
| ADP Automatic Data Processing | 2.16% | 162,314 | $47.6M | Reduce -1.8% |
| JNJ Johnson & Johnson | 2.02% | 240,770 | $44.6M | No change |
| INDA iShares MSCI India ETF | 2.02% | 854,325 | $44.5M | Add +43.3% |
| VRSN Verisign Inc. | 1.95% | 153,891 | $43.0M | Reduce -26.4% |
| EW Edwards Lifesciences Corp. | 1.94% | 551,399 | $42.9M | Add +14.8% |
| CHKP Check Point Software Tech | 1.88% | 200,041 | $41.4M | No change |
| BAP Credicorp Ltd. | 1.83% | 151,820 | $40.4M | Reduce -26.6% |
| VALE Vale SA-SP ADR | 1.66% | 3,377,582 | $36.7M | Add +35.6% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 1.63% | 2,249,382 | $36.0M | New |
| MNST Monster Beverage Corp. | 1.59% | 522,726 | $35.2M | No change |
| SPGI S&P Global Inc. | 1.51% | 68,360 | $33.3M | Reduce -0.2% |
| TX Ternium SA-Sponsored ADR | 1.46% | 930,392 | $32.3M | Reduce -9.1% |
| CPNG Coupang Inc. | 1.43% | 980,722 | $31.6M | Reduce -10.9% |
| MCO Moody's Corp. | 1.39% | 64,442 | $30.7M | Reduce -0.2% |
| STNE Stoneco Ltd. Class A | 1.37% | 1,593,080 | $30.1M | Add +237.3% |
| MSI Motorola Solutions Inc. | 1.20% | 57,878 | $26.5M | Add +28.9% |
| NEE Nextera Energy Inc. | 1.17% | 340,644 | $25.7M | Add +3.1% |
| FDS Factset Research Systems Inc. | 1.10% | 84,686 | $24.3M | No change |
| XP XP Inc. Class A | 1.06% | 1,240,002 | $23.3M | New |
| ALGN Align Technology Inc. | 0.94% | 166,036 | $20.8M | Add +19.3% |
| MRSH Marsh & McLennan Cos | 0.90% | 98,045 | $19.8M | No change |
| TEL Te Connectivity PLC | 0.82% | 81,992 | $18.0M | Reduce -21.0% |
| ACM Aecom | 0.79% | 133,978 | $17.5M | Add +1.9% |
| VIST Vista Energy Sab DE CV | 0.76% | 487,477 | $16.8M | Reduce -11.1% |
| CP Canadian Pacific Kansas City | 0.73% | 215,496 | $16.1M | Add +4.2% |
| TTEK Tetra Tech Inc. | 0.61% | 404,095 | $13.5M | Add +5.0% |
| KGC Kinross Gold Corp. | 0.61% | 541,334 | $13.4M | New |
| IBN Icici Bank Ltd.-Spon ADR | 0.55% | 400,883 | $12.1M | Add +47.4% |
| MELI MercadoLibre Inc. | 0.50% | 4,743 | $11.1M | Reduce -22.2% |
| AGCO Agco Corp. | 0.47% | 97,888 | $10.5M | New |
| WM Waste Management Inc. | 0.43% | 42,939 | $9.5M | Add +5.0% |
| RACE Ferrari NV | 0.42% | 19,390 | $9.4M | New |
| EEM iShares MSCI Emerging Market | 0.37% | 150,861 | $8.1M | New |
| HDB HDFC Bank Ltd.-ADR | 0.31% | 200,150 | $6.8M | Reduce -11.6% |
| ASX Ase Technology Holding -ADR | 0.25% | 496,795 | $5.5M | Add +82.3% |
| UAE iShares MSCI Uae ETF | 0.23% | 269,635 | $5.1M | New |
| FTI Technipfmc PLC | 0.21% | 118,011 | $4.7M | Add +11.7% |
| EMBJ Embraer SA-Spon ADR | 0.20% | 72,962 | $4.4M | Reduce -17.7% |
| PG The Procter & Gamble Co. | 0.19% | 26,936 | $4.1M | Reduce -25.0% |
| ACN Accenture PLC Class A | 0.05% | 4,655 | $1.1M | Reduce -95.8% |
| ICE Intercontinental Exchange Inc. | 0.05% | 6,439 | $1.1M | Reduce -25.0% |
| SRLN SS Blackstone Sr Loan ETF | 0.04% | 21,718 | $903K | Add +36.0% |
| ABT Abbott Laboratories | 0.04% | 6,653 | $891K | Reduce -25.0% |
| BKLN Invesco Senior Loan ETF | 0.04% | 42,200 | $883K | Add +111.0% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.04% | 2,497 | $773K | Reduce -25.0% |
| KO The Coca-Cola Co. | 0.03% | 10,814 | $717K | Reduce -25.0% |
| CME Cme Group Inc. | 0.03% | 2,307 | $623K | Reduce -25.0% |
| ROP Roper Technologies Inc. | 0.02% | 1,072 | $535K | Reduce -25.0% |
| EFX Equifax Inc. | 0.02% | 1,958 | $502K | Reduce -25.0% |
| USHY iShares Broad Usd High Yield | 0.02% | 12,570 | $475K | New |
| BR Broadridge Financial Solutio | 0.02% | 1,612 | $384K | Reduce -24.9% |
| OTIS Otis Worldwide Corp. | 0.02% | 4,122 | $377K | Reduce -25.0% |
| STE Steris PLC | 0.01% | 1,303 | $322K | Reduce -25.0% |
| ZTS Zoetis Inc. | 0.01% | 1,798 | $263K | Reduce -25.0% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.00% | 657 | $98K | Reduce -25.0% |
Portfolio Sells Q2 2025 → Q3 2025
| ACN Accenture PLC Class A | Reduce -95.8% | 0.05% | −1.59 |
| FMX Fomento Economico Mex-SP ADR | Sold out | 0.00% | −1.12 |
| VRSN Verisign Inc. | Reduce -26.4% | 1.95% | −1.01 |
| MMYT Makemytrip Ltd. | Sold out | 0.00% | −0.98 |
| V Visa Inc. Class A | Reduce -0.4% | 6.68% | −0.87 |
| VIST Vista Energy Sab DE CV | Reduce -11.1% | 0.76% | −0.53 |
| BAP Credicorp Ltd. | Reduce -26.6% | 1.83% | −0.44 |
| ADP Automatic Data Processing | Reduce -1.8% | 2.16% | −0.34 |
| MSFT Microsoft Corp. | Reduce -0.5% | 6.43% | −0.29 |
| MELI MercadoLibre Inc. | Reduce -22.2% | 0.50% | −0.28 |
| SPGI S&P Global Inc. | Reduce -0.2% | 1.51% | −0.27 |
| MCO Moody's Corp. | Reduce -0.2% | 1.39% | −0.20 |
| CPNG Coupang Inc. | Reduce -10.9% | 1.43% | −0.19 |
| HDB HDFC Bank Ltd.-ADR | Reduce -11.6% | 0.31% | −0.12 |
| PG The Procter & Gamble Co. | Reduce -25.0% | 0.19% | −0.09 |
| EMBJ Embraer SA-Spon ADR | Reduce -17.7% | 0.20% | −0.05 |
| TX Ternium SA-Sponsored ADR | Reduce -9.1% | 1.46% | −0.05 |
| TEL Te Connectivity PLC | Reduce -21.0% | 0.82% | −0.04 |
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −0.04 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.03 |
| ICE Intercontinental Exchange Inc. | Reduce -25.0% | 0.05% | −0.03 |
| ABT Abbott Laboratories | Reduce -25.0% | 0.04% | −0.02 |
| KO The Coca-Cola Co. | Reduce -25.0% | 0.03% | −0.02 |
| AJG Arthur J Gallagher & Co. | Reduce -25.0% | 0.04% | −0.02 |
| ROP Roper Technologies Inc. | Reduce -25.0% | 0.02% | −0.02 |
| CME Cme Group Inc. | Reduce -25.0% | 0.03% | −0.01 |
| EFX Equifax Inc. | Reduce -25.0% | 0.02% | −0.01 |
| OTIS Otis Worldwide Corp. | Reduce -25.0% | 0.02% | −0.01 |
| BR Broadridge Financial Solutio | Reduce -24.9% | 0.02% | −0.01 |
| ZTS Zoetis Inc. | Reduce -25.0% | 0.01% | −0.01 |
| STE Steris PLC | Reduce -25.0% | 0.01% | −0.01 |
| JKHY Jack Henry & Associates Inc. | Reduce -25.0% | 0.00% | −0.00 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -2.1% | 3.87% | +0.40 |
Portfolio Buys Q2 2025 → Q3 2025
| ALC Alcon Inc. | New | 2.36% | +2.36 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 1.63% | +1.63 |
| XP XP Inc. Class A | New | 1.06% | +1.06 |
| STNE Stoneco Ltd. Class A | Add +237.3% | 1.37% | +0.99 |
| KGC Kinross Gold Corp. | New | 0.61% | +0.61 |
| VALE Vale SA-SP ADR | Add +35.6% | 1.66% | +0.48 |
| AGCO Agco Corp. | New | 0.47% | +0.47 |
| ICLR Icon PLC | Add +3.3% | 3.51% | +0.45 |
| RACE Ferrari NV | New | 0.42% | +0.42 |
| SE Sea Ltd.-ADR | Add +11.7% | 3.02% | +0.40 |
| INDA iShares MSCI India ETF | Add +43.3% | 2.02% | +0.39 |
| EEM iShares MSCI Emerging Market | New | 0.37% | +0.37 |
| AON Aon PLC Class A | Add +26.6% | 2.35% | +0.34 |
| MSI Motorola Solutions Inc. | Add +28.9% | 1.20% | +0.27 |
| UAE iShares MSCI Uae ETF | New | 0.23% | +0.23 |
| MA Mastercard Inc. Class A | Add +10.4% | 3.73% | +0.12 |
| ASX Ase Technology Holding -ADR | Add +82.3% | 0.25% | +0.11 |
| IBN Icici Bank Ltd.-Spon ADR | Add +47.4% | 0.55% | +0.10 |
| EW Edwards Lifesciences Corp. | Add +14.8% | 1.94% | +0.10 |
| ACM Aecom | Add +1.9% | 0.79% | +0.06 |
| NEE Nextera Energy Inc. | Add +3.1% | 1.17% | +0.04 |
| FTI Technipfmc PLC | Add +11.7% | 0.21% | +0.03 |
| USHY iShares Broad Usd High Yield | New | 0.02% | +0.02 |
| BKLN Invesco Senior Loan ETF | Add +111.0% | 0.04% | +0.02 |
| SRLN SS Blackstone Sr Loan ETF | Add +36.0% | 0.04% | +0.01 |
| WM Waste Management Inc. | Add +5.0% | 0.43% | −0.03 |
| TTEK Tetra Tech Inc. | Add +5.0% | 0.61% | −0.07 |
| CP Canadian Pacific Kansas City | Add +4.2% | 0.73% | −0.08 |
| ADSK Autodesk Inc. | Add +1.2% | 4.26% | −0.18 |
| ALGN Align Technology Inc. | Add +19.3% | 0.94% | −0.35 |
| PM Philip Morris International | Add +0.2% | 5.11% | −1.09 |
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 |