Ninety One SA (Pty) Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 18, 2025), Ninety One SA (Pty) Ltd reported 74 stock positions worth $608.8 million. Its top holding was Berkshire Hathaway Class A (BRK.A) at 10.9% of the portfolio, followed by Microsoft (MSFT, 7.7%) and Taiwan Semiconductor-SP ADR (TSM, 5.9%). Compared with Q1 2025, it opened 9 new positions, sold out of 9, added to 20 and reduced 33. The biggest buy was a new position in Goldman Sachs (GS) and the biggest sale an exit from Kinross Gold (KGC).
- Most Recent 13F
- Q2 2026
- Location
- Cape Town, T3
- CIK
- 0001491998
- Portfolio Value
- $608.8M (Q2 2025)
- SEC Filing
- 0001140361-25-026324 ↗ filed Jul 18, 2025
Holdings Value
Holdings 74 stocks · $608.8M
| BRK.A Berkshire Hathaway Inc. Class A | 10.92% | 91 | $66.5M | No change |
| MSFT Microsoft Corp. | 7.69% | 94,194 | $46.8M | Reduce -0.4% |
| TSM Taiwan Semiconductor-SP ADR | 5.90% | 159,160 | $35.9M | Add +117.2% |
| AMZN Amazon.com Inc. | 5.58% | 154,093 | $34.0M | Reduce -21.2% |
| BKNG Booking Holdings Inc. | 4.19% | 4,450 | $25.5M | Add +0.5% |
| GS Goldman Sachs Group Inc. | 4.15% | 35,761 | $25.3M | New |
| V Visa Inc. Class A | 3.63% | 62,694 | $22.1M | Reduce -27.5% |
| GOOGL Alphabet Inc. Class A | 3.61% | 124,471 | $22.0M | Reduce -0.5% |
| NVDA Nvidia Corp. | 3.34% | 128,605 | $20.3M | Add +28.9% |
| ADSK Autodesk Inc. | 2.79% | 55,012 | $17.0M | Add +0.3% |
| NFLX Netflix Inc. | 2.77% | 12,667 | $16.8M | New |
| JNJ Johnson & Johnson | 2.50% | 99,691 | $15.2M | Add +46.3% |
| PM Philip Morris International | 2.32% | 77,719 | $14.1M | Reduce -0.1% |
| TECK Teck Resources Ltd.-CLS B | 2.14% | 321,421 | $13.1M | Add +425.1% |
| TKO Tko Group Holdings Inc. | 2.12% | 71,120 | $12.9M | Reduce -0.5% |
| JPM JPMorgan Chase & Co. | 1.88% | 39,551 | $11.5M | Reduce -61.4% |
| EW Edwards Lifesciences Corp. | 1.79% | 139,778 | $10.9M | Reduce -3.6% |
| INTU Intuit Inc. | 1.65% | 12,776 | $10.0M | Add +220.5% |
| MCO Moody's Corp. | 1.54% | 18,918 | $9.4M | Add +0.8% |
| TTWO Take-Two Interactive Softwre | 1.53% | 38,237 | $9.3M | Reduce -0.3% |
| AVGO Broadcom Inc. | 1.47% | 32,570 | $9.0M | Reduce -2.0% |
| EA Electronic Arts Inc. | 1.36% | 52,530 | $8.3M | Add +0.8% |
| MA Mastercard Inc. Class A | 1.34% | 14,542 | $8.2M | Reduce -0.5% |
| NTES Netease Inc.-ADR | 1.29% | 58,513 | $7.9M | No change |
| VRSK Verisk Analytics Inc. | 1.29% | 25,421 | $7.9M | Add +1.0% |
| J Jacobs Solutions Inc. | 1.16% | 53,870 | $7.1M | Add +34.2% |
| ACM Aecom | 1.11% | 59,994 | $6.8M | No change |
| VRSN Verisign Inc. | 1.03% | 21,746 | $6.3M | Reduce -24.1% |
| SNX TD Synnex Corp. | 1.00% | 44,729 | $6.1M | Add +1.9% |
| SPGI S&P Global Inc. | 0.98% | 11,451 | $6.0M | Add +1.1% |
| TMO Thermo Fisher Scientific Inc. | 0.97% | 14,533 | $5.9M | Reduce -0.3% |
| HDB HDFC Bank Ltd.-ADR | 0.94% | 74,254 | $5.7M | Add +49.6% |
| CHKP Check Point Software Tech | 0.93% | 25,811 | $5.7M | No change |
| LNG Cheniere Energy Inc. | 0.93% | 23,209 | $5.6M | Add +1045.0% |
| CRH CRH PLC | 0.92% | 61,259 | $5.6M | Reduce -0.4% |
| CNI Canadian Natl Railway Co. | 0.84% | 49,410 | $5.1M | Reduce -3.5% |
| OKTA Okta Inc. | 0.81% | 49,209 | $4.9M | Add +57.9% |
| PLNT Planet Fitness Inc. Class A | 0.81% | 45,118 | $4.9M | Add +7.9% |
| ICLR Icon PLC | 0.78% | 32,608 | $4.7M | No change |
| TW Tradeweb Markets Inc. Class A | 0.64% | 26,811 | $3.9M | New |
| AMT American Tower Corp. | 0.64% | 17,634 | $3.9M | No change |
| Z Zillow Group Inc. Class C | 0.56% | 48,988 | $3.4M | No change |
| IDXX Idexx Laboratories Inc. | 0.55% | 6,222 | $3.3M | Add +3.6% |
| PINS Pinterest Inc. Class A | 0.52% | 88,194 | $3.2M | Reduce -0.5% |
| TWLO Twilio Inc. Class A | 0.52% | 25,215 | $3.1M | New |
| TSLA Tesla Inc. | 0.49% | 9,414 | $3.0M | Reduce -43.0% |
| NEM Newmont Corp. | 0.49% | 51,129 | $3.0M | New |
| GM General Motors Co. | 0.49% | 60,177 | $3.0M | Reduce -0.6% |
| DAL Delta Air Lines Inc. | 0.46% | 56,492 | $2.8M | Reduce -0.3% |
| RBLX Roblox Corp. Class A | 0.44% | 25,702 | $2.7M | Reduce -40.1% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.40% | 30,043 | $2.4M | Add +3.6% |
| ELV Elevance Health Inc. | 0.32% | 4,936 | $1.9M | Reduce -0.6% |
| BSX Boston Scientific Corp. | 0.14% | 8,111 | $866K | New |
| MRSH Marsh & McLennan Cos | 0.11% | 3,158 | $687K | Reduce -3.0% |
| AAPL Apple Inc. | 0.09% | 2,858 | $571K | Reduce -91.6% |
| ICE Intercontinental Exchange Inc. | 0.08% | 2,844 | $516K | Reduce -4.5% |
| B Barrick Mining Corp. | 0.08% | 23,350 | $480K | Reduce -4.5% |
| FDS Factset Research Systems Inc. | 0.08% | 1,068 | $478K | No change |
| ADP Automatic Data Processing | 0.08% | 1,537 | $474K | No change |
| LLY Eli Lilly & Co. | 0.08% | 600 | $468K | Reduce -4.5% |
| AER Aercap Holdings NV | 0.07% | 3,786 | $445K | New |
| ZG Zillow Group Inc. Class A | 0.07% | 6,399 | $435K | Reduce -4.5% |
| IBN Icici Bank Ltd.-Spon ADR | 0.07% | 12,395 | $414K | Reduce -4.5% |
| XOM Exxon Mobil Corp. | 0.06% | 3,529 | $383K | Reduce -4.5% |
| TRU Transunion | 0.06% | 4,066 | $357K | Add +0.9% |
| MNST Monster Beverage Corp. | 0.06% | 5,566 | $349K | No change |
| FCX Freeport-McMoran Inc. | 0.05% | 7,096 | $311K | Reduce -4.5% |
| TT Trane Technologies PLC | 0.05% | 702 | $305K | Reduce -45.9% |
| AZO AutoZone Inc. | 0.05% | 81 | $294K | New |
| ALGN Align Technology Inc. | 0.04% | 1,448 | $274K | Reduce -52.2% |
| PLD Prologis Inc. | 0.04% | 2,462 | $257K | No change |
| GLPI Gaming and Leisure Propertie | 0.04% | 5,500 | $255K | New |
| ZTS Zoetis Inc. | 0.04% | 1,366 | $213K | Reduce -26.4% |
| MSI Motorola Solutions Inc. | 0.03% | 478 | $201K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| KGC Kinross Gold Corp. | Sold out | 0.00% | −5.36 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −2.85 |
| JPM JPMorgan Chase & Co. | Reduce -61.4% | 1.88% | −2.73 |
| V Visa Inc. Class A | Reduce -27.5% | 3.63% | −1.93 |
| AAPL Apple Inc. | Reduce -91.6% | 0.09% | −1.31 |
| AMZN Amazon.com Inc. | Reduce -21.2% | 5.58% | −1.23 |
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −0.79 |
| EPAM Epam Systems Inc. | Sold out | 0.00% | −0.39 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.3% | 0.97% | −0.37 |
| VRSN Verisign Inc. | Reduce -24.1% | 1.03% | −0.31 |
| TSLA Tesla Inc. | Reduce -43.0% | 0.49% | −0.30 |
| EW Edwards Lifesciences Corp. | Reduce -3.6% | 1.79% | −0.15 |
| MA Mastercard Inc. Class A | Reduce -0.5% | 1.34% | −0.14 |
| ELV Elevance Health Inc. | Reduce -0.6% | 0.32% | −0.09 |
| VALE Vale SA-SP ADR | Sold out | 0.00% | −0.08 |
| CNI Canadian Natl Railway Co. | Reduce -3.5% | 0.84% | −0.08 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.08 |
| CRH CRH PLC | Reduce -0.4% | 0.92% | −0.08 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −0.07 |
| ALGN Align Technology Inc. | Reduce -52.2% | 0.04% | −0.04 |
| GM General Motors Co. | Reduce -0.6% | 0.49% | −0.04 |
| LNWO Light & Wonder Inc. | Sold out | 0.00% | −0.04 |
| MRSH Marsh & McLennan Cos | Reduce -3.0% | 0.11% | −0.03 |
| FBIN Fortune Brands Innovations I | Sold out | 0.00% | −0.03 |
| TT Trane Technologies PLC | Reduce -45.9% | 0.05% | −0.03 |
| ZTS Zoetis Inc. | Reduce -26.4% | 0.04% | −0.02 |
| RBLX Roblox Corp. Class A | Reduce -40.1% | 0.44% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -4.5% | 0.06% | −0.02 |
| LLY Eli Lilly & Co. | Reduce -4.5% | 0.08% | −0.02 |
| ZG Zillow Group Inc. Class A | Reduce -4.5% | 0.07% | −0.01 |
| ICE Intercontinental Exchange Inc. | Reduce -4.5% | 0.08% | −0.01 |
| B Barrick Mining Corp. | Reduce -4.5% | 0.08% | −0.01 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -4.5% | 0.07% | −0.01 |
| DAL Delta Air Lines Inc. | Reduce -0.3% | 0.46% | −0.00 |
| FCX Freeport-McMoran Inc. | Reduce -4.5% | 0.05% | −0.00 |
| PINS Pinterest Inc. Class A | Reduce -0.5% | 0.52% | +0.01 |
| PM Philip Morris International | Reduce -0.1% | 2.32% | +0.04 |
| GOOGL Alphabet Inc. Class A | Reduce -0.5% | 3.61% | +0.05 |
| TTWO Take-Two Interactive Softwre | Reduce -0.3% | 1.53% | +0.05 |
| TKO Tko Group Holdings Inc. | Reduce -0.5% | 2.12% | +0.10 |
| AVGO Broadcom Inc. | Reduce -2.0% | 1.47% | +0.45 |
| MSFT Microsoft Corp. | Reduce -0.4% | 7.69% | +1.17 |
Portfolio Buys Q1 2025 → Q2 2025
| GS Goldman Sachs Group Inc. | New | 4.15% | +4.15 |
| TSM Taiwan Semiconductor-SP ADR | Add +117.2% | 5.90% | +3.67 |
| NFLX Netflix Inc. | New | 2.77% | +2.77 |
| TECK Teck Resources Ltd.-CLS B | Add +425.1% | 2.14% | +1.73 |
| NVDA Nvidia Corp. | Add +28.9% | 3.34% | +1.34 |
| INTU Intuit Inc. | Add +220.5% | 1.65% | +1.20 |
| LNG Cheniere Energy Inc. | Add +1045.0% | 0.93% | +0.84 |
| TW Tradeweb Markets Inc. Class A | New | 0.64% | +0.64 |
| TWLO Twilio Inc. Class A | New | 0.52% | +0.52 |
| BKNG Booking Holdings Inc. | Add +0.5% | 4.19% | +0.50 |
| NEM Newmont Corp. | New | 0.49% | +0.49 |
| JNJ Johnson & Johnson | Add +46.3% | 2.50% | +0.40 |
| HDB HDFC Bank Ltd.-ADR | Add +49.6% | 0.94% | +0.32 |
| J Jacobs Solutions Inc. | Add +34.2% | 1.16% | +0.26 |
| OKTA Okta Inc. | Add +57.9% | 0.81% | +0.20 |
| SNX TD Synnex Corp. | Add +1.9% | 1.00% | +0.15 |
| BSX Boston Scientific Corp. | New | 0.14% | +0.14 |
| ADSK Autodesk Inc. | Add +0.3% | 2.79% | +0.14 |
| IDXX Idexx Laboratories Inc. | Add +3.6% | 0.55% | +0.08 |
| AER Aercap Holdings NV | New | 0.07% | +0.07 |
| PLNT Planet Fitness Inc. Class A | Add +7.9% | 0.81% | +0.06 |
| AZO AutoZone Inc. | New | 0.05% | +0.05 |
| EL Estee Lauder Companies Class A | Add +3.6% | 0.40% | +0.04 |
| GLPI Gaming and Leisure Propertie | New | 0.04% | +0.04 |
| TRU Transunion | Add +0.9% | 0.06% | −0.00 |
| EA Electronic Arts Inc. | Add +0.8% | 1.36% | −0.03 |
| MCO Moody's Corp. | Add +0.8% | 1.54% | −0.06 |
| SPGI S&P Global Inc. | Add +1.1% | 0.98% | −0.07 |
| VRSK Verisk Analytics Inc. | Add +1.0% | 1.29% | −0.10 |
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 |