Ninety One SA (Pty) Ltd
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 30, 2025), Ninety One SA (Pty) Ltd reported 74 stock positions worth $539.6 million. Its top holding was Berkshire Hathaway Class A (BRK.A) at 13.4% of the portfolio, followed by Amazon.com (AMZN, 6.8%) and Microsoft (MSFT, 6.5%). Compared with Q4 2024, it opened 15 new positions, sold out of 15, added to 33 and reduced 18. The biggest buy was a new position in Kinross Gold (KGC) and the biggest sale an exit from Netflix (NFLX).
- Most Recent 13F
- Q2 2026
- Location
- Cape Town, T3
- CIK
- 0001491998
- Portfolio Value
- $539.6M (Q1 2025)
- SEC Filing
- 0001140361-25-016453 ↗ filed Apr 30, 2025
Holdings Value
Holdings 74 stocks · $539.6M
| BRK.A Berkshire Hathaway Inc. Class A | 13.36% | 91 | $72.1M | No change |
| AMZN Amazon.com Inc. | 6.81% | 195,567 | $36.8M | Add +5.8% |
| MSFT Microsoft Corp. | 6.53% | 94,579 | $35.2M | Add +87.6% |
| V Visa Inc. Class A | 5.56% | 86,521 | $30.0M | Add +93.3% |
| KGC Kinross Gold Corp. | 5.36% | 2,301,696 | $28.9M | New |
| JPM JPMorgan Chase & Co. | 4.61% | 102,507 | $24.9M | Reduce -20.2% |
| BKNG Booking Holdings Inc. | 3.69% | 4,429 | $19.9M | Add +650.7% |
| GOOGL Alphabet Inc. Class A | 3.56% | 125,043 | $19.2M | Add +69.8% |
| META Meta Platforms Inc. Class A | 2.85% | 27,359 | $15.4M | Add +1905.8% |
| ADSK Autodesk Inc. | 2.65% | 54,826 | $14.3M | Add +46.3% |
| PM Philip Morris International | 2.28% | 77,805 | $12.3M | Add +81.7% |
| TSM Taiwan Semiconductor-SP ADR | 2.23% | 73,285 | $12.0M | Add +239.7% |
| JNJ Johnson & Johnson | 2.10% | 68,167 | $11.3M | Add +8.2% |
| TKO Tko Group Holdings Inc. | 2.02% | 71,446 | $10.9M | Add +3.4% |
| NVDA Nvidia Corp. | 2.00% | 99,748 | $10.8M | Reduce -28.2% |
| EW Edwards Lifesciences Corp. | 1.94% | 144,984 | $10.5M | Add +173.1% |
| MCO Moody's Corp. | 1.60% | 18,762 | $8.7M | Add +241.2% |
| MA Mastercard Inc. Class A | 1.48% | 14,609 | $8.0M | No change |
| TTWO Take-Two Interactive Softwre | 1.47% | 38,331 | $7.9M | No change |
| AAPL Apple Inc. | 1.40% | 34,072 | $7.6M | Reduce -25.1% |
| VRSK Verisk Analytics Inc. | 1.39% | 25,178 | $7.5M | Add +405.9% |
| EA Electronic Arts Inc. | 1.39% | 52,127 | $7.5M | Add +260.8% |
| TMO Thermo Fisher Scientific Inc. | 1.34% | 14,572 | $7.2M | Reduce -2.4% |
| VRSN Verisign Inc. | 1.34% | 28,661 | $7.2M | Add +103.1% |
| NTES Netease Inc.-ADR | 1.12% | 58,513 | $6.0M | Add +1141.3% |
| CHKP Check Point Software Tech | 1.09% | 25,811 | $5.9M | Add +807.6% |
| SPGI S&P Global Inc. | 1.06% | 11,330 | $5.7M | Add +99.0% |
| ICLR Icon PLC | 1.03% | 32,608 | $5.6M | Add +1284.6% |
| ACM Aecom | 1.03% | 59,994 | $5.6M | Reduce -9.6% |
| AVGO Broadcom Inc. | 1.03% | 33,221 | $5.5M | Reduce -11.4% |
| CRH CRH PLC | 1.00% | 61,484 | $5.4M | Add +8.8% |
| CNI Canadian Natl Railway Co. | 0.92% | 51,203 | $5.0M | Reduce -3.8% |
| J Jacobs Solutions Inc. | 0.90% | 40,144 | $4.9M | Add +12.1% |
| SNX TD Synnex Corp. | 0.85% | 43,882 | $4.6M | No change |
| COIN Coinbase Global Inc. Class A | 0.79% | 25,488 | $4.3M | No change |
| TSLA Tesla Inc. | 0.79% | 16,523 | $4.3M | Reduce -14.5% |
| PLNT Planet Fitness Inc. Class A | 0.75% | 41,818 | $4.0M | Add +62.8% |
| AMT American Tower Corp. | 0.71% | 17,634 | $3.8M | Reduce -4.3% |
| Z Zillow Group Inc. Class C | 0.62% | 48,988 | $3.4M | No change |
| HDB HDFC Bank Ltd.-ADR | 0.61% | 49,637 | $3.3M | Reduce -9.8% |
| OKTA Okta Inc. | 0.61% | 31,163 | $3.3M | New |
| GM General Motors Co. | 0.53% | 60,520 | $2.8M | Reduce -45.2% |
| PINS Pinterest Inc. Class A | 0.51% | 88,626 | $2.7M | Add +12.2% |
| IDXX Idexx Laboratories Inc. | 0.47% | 6,008 | $2.5M | Add +34.8% |
| RBLX Roblox Corp. Class A | 0.46% | 42,937 | $2.5M | New |
| DAL Delta Air Lines Inc. | 0.46% | 56,670 | $2.5M | New |
| INTU Intuit Inc. | 0.45% | 3,986 | $2.4M | Reduce -1.9% |
| TECK Teck Resources Ltd.-CLS B | 0.41% | 61,212 | $2.2M | Reduce -13.1% |
| ELV Elevance Health Inc. | 0.40% | 4,964 | $2.2M | Reduce -12.5% |
| EPAM Epam Systems Inc. | 0.39% | 12,566 | $2.1M | New |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.35% | 29,010 | $1.9M | Add +37.4% |
| MRSH Marsh & McLennan Cos | 0.15% | 3,254 | $795K | New |
| ICE Intercontinental Exchange Inc. | 0.10% | 2,978 | $514K | New |
| LLY Eli Lilly & Co. | 0.09% | 628 | $506K | Add +118.1% |
| FDS Factset Research Systems Inc. | 0.09% | 1,068 | $486K | Add +2.0% |
| ALGN Align Technology Inc. | 0.09% | 3,031 | $478K | Add +25.1% |
| B Barrick Gold Corp. | 0.09% | 24,449 | $474K | New |
| ADP Automatic Data Processing | 0.09% | 1,537 | $470K | Add +2.0% |
| LNG Cheniere Energy Inc. | 0.09% | 2,027 | $463K | New |
| VALE Vale SA-SP ADR | 0.08% | 44,875 | $444K | New |
| ZG Zillow Group Inc. Class A | 0.08% | 6,700 | $443K | No change |
| XOM Exxon Mobil Corp. | 0.08% | 3,695 | $442K | No change |
| TT Trane Technologies PLC | 0.08% | 1,297 | $432K | Add +113.7% |
| UNH Unitedhealth Group Inc. | 0.08% | 798 | $418K | Reduce -83.5% |
| IBN Icici Bank Ltd.-Spon ADR | 0.08% | 12,978 | $406K | New |
| NEE Nextera Energy Inc. | 0.07% | 5,312 | $380K | Reduce -41.5% |
| TRU Transunion | 0.06% | 4,031 | $327K | New |
| MNST Monster Beverage Corp. | 0.06% | 5,566 | $326K | Add +2.0% |
| ZTS Zoetis Inc. | 0.06% | 1,855 | $302K | Reduce -49.3% |
| FCX Freeport-McMoran Inc. | 0.05% | 7,430 | $277K | New |
| PLD Prologis Inc. | 0.05% | 2,462 | $274K | Reduce -50.7% |
| MSI Motorola Solutions Inc. | 0.04% | 478 | $209K | Add +1.9% |
| LNWO Light & Wonder Inc. | 0.04% | 2,209 | $189K | New |
| FBIN Fortune Brands Innovations I | 0.03% | 2,708 | $163K | New |
Portfolio Sells Q4 2024 → Q1 2025
| NFLX Netflix Inc. | Sold out | 0.00% | −4.85 |
| BAC Bank of America Corp. | Sold out | 0.00% | −4.05 |
| JPM JPMorgan Chase & Co. | Reduce -20.2% | 4.61% | −2.18 |
| NVDA Nvidia Corp. | Reduce -28.2% | 2.00% | −2.12 |
| SYY Sysco Corp. | Sold out | 0.00% | −1.90 |
| SYF Synchrony Financial | Sold out | 0.00% | −1.53 |
| AAPL Apple Inc. | Reduce -25.1% | 1.40% | −1.11 |
| TSLA Tesla Inc. | Reduce -14.5% | 0.79% | −0.93 |
| AVGO Broadcom Inc. | Reduce -11.4% | 1.03% | −0.89 |
| AEM Agnico Eagle Mines Ltd. | Sold out | 0.00% | −0.85 |
| TPR Tapestry Inc. | Sold out | 0.00% | −0.78 |
| GM General Motors Co. | Reduce -45.2% | 0.53% | −0.77 |
| ACM Aecom | Reduce -9.6% | 1.03% | −0.53 |
| UNH Unitedhealth Group Inc. | Reduce -83.5% | 0.08% | −0.46 |
| TMO Thermo Fisher Scientific Inc. | Reduce -2.4% | 1.34% | −0.37 |
| CNI Canadian Natl Railway Co. | Reduce -3.8% | 0.92% | −0.27 |
| TECK Teck Resources Ltd.-CLS B | Reduce -13.1% | 0.41% | −0.22 |
| HDB HDFC Bank Ltd.-ADR | Reduce -9.8% | 0.61% | −0.16 |
| ROK Rockwell Automation Inc. | Sold out | 0.00% | −0.16 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.14 |
| KLAC KLA Corp. | Sold out | 0.00% | −0.14 |
| PAAS Pan American Silver Corp. | Sold out | 0.00% | −0.13 |
| AON Aon PLC Class A | Sold out | 0.00% | −0.11 |
| INTU Intuit Inc. | Reduce -1.9% | 0.45% | −0.11 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.09 |
| WM Waste Management Inc. | Sold out | 0.00% | −0.09 |
| APTV Aptiv PLC | Sold out | 0.00% | −0.08 |
| ZTS Zoetis Inc. | Reduce -49.3% | 0.06% | −0.08 |
| NEE Nextera Energy Inc. | Reduce -41.5% | 0.07% | −0.07 |
| PLD Prologis Inc. | Reduce -50.7% | 0.05% | −0.07 |
| ELV Elevance Health Inc. | Reduce -12.5% | 0.40% | −0.06 |
| AMT American Tower Corp. | Reduce -4.3% | 0.71% | −0.03 |
| DLR Digital Realty Trust Inc. | Sold out | 0.00% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| KGC Kinross Gold Corp. | New | 5.36% | +5.36 |
| BKNG Booking Holdings Inc. | Add +650.7% | 3.69% | +3.04 |
| META Meta Platforms Inc. Class A | Add +1905.8% | 2.85% | +2.68 |
| V Visa Inc. Class A | Add +93.3% | 5.56% | +2.44 |
| MSFT Microsoft Corp. | Add +87.6% | 6.53% | +1.84 |
| TSM Taiwan Semiconductor-SP ADR | Add +239.7% | 2.23% | +1.29 |
| PM Philip Morris International | Add +81.7% | 2.28% | +1.15 |
| VRSK Verisk Analytics Inc. | Add +405.9% | 1.39% | +1.09 |
| EW Edwards Lifesciences Corp. | Add +173.1% | 1.94% | +1.07 |
| MCO Moody's Corp. | Add +241.2% | 1.60% | +1.03 |
| NTES Netease Inc.-ADR | Add +1141.3% | 1.12% | +1.02 |
| CHKP Check Point Software Tech | Add +807.6% | 1.09% | +0.97 |
| ICLR Icon PLC | Add +1284.6% | 1.03% | +0.92 |
| EA Electronic Arts Inc. | Add +260.8% | 1.39% | +0.92 |
| VRSN Verisign Inc. | Add +103.1% | 1.34% | +0.70 |
| OKTA Okta Inc. | New | 0.61% | +0.61 |
| GOOGL Alphabet Inc. Class A | Add +69.8% | 3.56% | +0.48 |
| RBLX Roblox Corp. Class A | New | 0.46% | +0.46 |
| DAL Delta Air Lines Inc. | New | 0.46% | +0.46 |
| SPGI S&P Global Inc. | Add +99.0% | 1.06% | +0.43 |
| EPAM Epam Systems Inc. | New | 0.39% | +0.39 |
| ADSK Autodesk Inc. | Add +46.3% | 2.65% | +0.20 |
| PLNT Planet Fitness Inc. Class A | Add +62.8% | 0.75% | +0.19 |
| MRSH Marsh & McLennan Cos | New | 0.15% | +0.15 |
| ICE Intercontinental Exchange Inc. | New | 0.10% | +0.10 |
| B Barrick Gold Corp. | New | 0.09% | +0.09 |
| LNG Cheniere Energy Inc. | New | 0.09% | +0.09 |
| JNJ Johnson & Johnson | Add +8.2% | 2.10% | +0.09 |
| VALE Vale SA-SP ADR | New | 0.08% | +0.08 |
| IBN Icici Bank Ltd.-Spon ADR | New | 0.08% | +0.08 |
| IDXX Idexx Laboratories Inc. | Add +34.8% | 0.47% | +0.06 |
| TRU Transunion | New | 0.06% | +0.06 |
| FCX Freeport-McMoran Inc. | New | 0.05% | +0.05 |
| LLY Eli Lilly & Co. | Add +118.1% | 0.09% | +0.04 |
| LNWO Light & Wonder Inc. | New | 0.04% | +0.04 |
| TT Trane Technologies PLC | Add +113.7% | 0.08% | +0.03 |
| FBIN Fortune Brands Innovations I | New | 0.03% | +0.03 |
| EL Estee Lauder Companies Class A | Add +37.4% | 0.35% | +0.01 |
| PINS Pinterest Inc. Class A | Add +12.2% | 0.51% | +0.00 |
| MNST Monster Beverage Corp. | Add +2.0% | 0.06% | −0.00 |
| MSI Motorola Solutions Inc. | Add +1.9% | 0.04% | −0.01 |
| ADP Automatic Data Processing | Add +2.0% | 0.09% | −0.01 |
| FDS Factset Research Systems Inc. | Add +2.0% | 0.09% | −0.02 |
| ALGN Align Technology Inc. | Add +25.1% | 0.09% | −0.02 |
| TKO Tko Group Holdings Inc. | Add +3.4% | 2.02% | −0.15 |
| CRH CRH PLC | Add +8.8% | 1.00% | −0.15 |
| J Jacobs Solutions Inc. | Add +12.1% | 0.90% | −0.16 |
| AMZN Amazon.com Inc. | Add +5.8% | 6.81% | −2.13 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 110 | $1.8B | AU, BRK.A, NVDA, GOOGL, MSFT |
| Q1 2026 | 96 | $2.3B | AU, GOOGL, BRK.A, NVDA, MSFT |
| Q4 2025 | 96 | $2.3B | AU, MSFT, BRK.A, GOOGL, NVDA |
| Q3 2025Amended | 97 | $2.2B | AU, MSFT, BRK.A, NVDA, GOOGL |
| Q2 2025 | 74 | $608.8M | BRK.A, MSFT, TSM, AMZN, BKNG |
| Q1 2025 | 74 | $539.6M | BRK.A, AMZN, MSFT, V, KGC |
| Q4 2024 | 74 | $453.4M | BRK.A, AMZN, JPM, NFLX, MSFT |
| Q3 2024 | 75 | $457.9M | BRK.A, MSFT, AMZN, JPM, C |
| Q2 2024 | 71 | $645.1M | MSFT, BRK.A, TSM, AAPL, GOOGL |
| Q1 2024 | 73 | $694.3M | MSFT, BRK.A, AMZN, GOOGL, XOM |