Ninety One UK Ltd

Name: Ninety One UK Ltd 13F holdings, Q1 2025
Creator: Ninety One UK Ltd
Published: 2025-04-30

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 30, 2025), Ninety One UK Ltd reported 193 stock positions worth $35.9 billion. Its top holding was Microsoft (MSFT) at 7.3% of the portfolio, followed by Visa Class A (V, 6.1%) and Philip Morris International (PM, 4.0%). Compared with Q4 2024, it opened 21 new positions, sold out of 19, added to 52 and reduced 101. The biggest buy was Marsh & McLennan Cos (MRSH, shares +154%) and the biggest sale Nvidia (NVDA, shares −10%).

Most Recent 13F: Q2 2026
Location: London, X0
CIK: 0001418329
Portfolio Value: $35.9B (Q1 2025)
SEC Filing: 0001140361-25-016450 ↗ filed Apr 30, 2025

Holdings Value

Holdings 193 stocks · $35.9B


MSFT Microsoft Corp.	7.30%	6,986,974	$2.6B	Add +6.6%
V Visa Inc. Class A	6.09%	6,250,073	$2.2B	Reduce -11.8%
PM Philip Morris International	3.97%	8,983,291	$1.4B	Reduce -1.6%
ADSK Autodesk Inc.	3.75%	5,146,677	$1.3B	Add +1.6%
GOOGL Alphabet Inc. Class A	3.69%	8,568,820	$1.3B	Add +0.9%
JNJ Johnson & Johnson	3.19%	6,923,045	$1.1B	Reduce -5.3%
AMZN Amazon.com Inc.	3.03%	5,725,899	$1.1B	Add +9.3%
BKNG Booking Holdings Inc.	2.76%	215,598	$993.2M	Reduce -1.5%
VRSN Verisign Inc.	2.74%	3,875,260	$983.8M	Reduce -0.9%
NVDA Nvidia Corp.	2.64%	8,746,809	$948.0M	Reduce -10.0%
INTU Intuit Inc.	2.40%	1,407,682	$864.3M	Reduce -2.2%
ADP Automatic Data Processing	1.93%	2,271,674	$694.1M	Reduce -8.5%
TKO Tko Group Holdings Inc.	1.80%	4,238,773	$647.7M	Add +2.1%
NTES Netease Inc.-ADR	1.76%	6,132,802	$631.2M	Reduce -1.6%
EA Electronic Arts Inc.	1.67%	4,162,508	$601.6M	Reduce -0.7%
MA Mastercard Inc. Class A	1.65%	1,084,712	$594.6M	Add +4.9%
MRSH Marsh & McLennan Cos	1.61%	2,370,678	$578.5M	Add +153.7%
CHKP Check Point Software Tech	1.60%	2,528,033	$576.2M	Reduce -29.6%
AVGO Broadcom Inc.	1.53%	3,291,690	$551.1M	Add +8.7%
FDS Factset Research Systems Inc.	1.51%	1,191,949	$541.9M	Reduce -1.6%
AAPL Apple Inc.	1.43%	2,309,920	$513.1M	Reduce -12.4%
ICLR Icon PLC	1.42%	2,918,187	$510.7M	Reduce -1.0%
EW Edwards Lifesciences Corp.	1.41%	7,004,417	$507.7M	Reduce -2.5%
MNST Monster Beverage Corp.	1.39%	8,525,561	$498.9M	Reduce -0.3%
JPM JPMorgan Chase & Co.	1.38%	2,019,280	$495.3M	Add +4.5%
SPGI S&P Global Inc.	1.30%	921,006	$468.0M	Reduce -3.9%
BSX Boston Scientific Corp.	1.08%	3,855,804	$389.0M	Add +6.4%
MCO Moody's Corp.	1.07%	828,299	$385.7M	Reduce -45.4%
TSLA Tesla Inc.	1.00%	1,384,450	$358.8M	Add +5.9%
LNG Cheniere Energy Inc.	0.97%	1,506,913	$348.7M	Reduce -0.2%
TSM Taiwan Semiconductor-SP ADR	0.91%	1,981,021	$328.8M	Reduce -26.1%
ALGN Align Technology Inc.	0.86%	1,937,555	$307.8M	Add +58.7%
TTWO Take-Two Interactive Softwre	0.85%	1,466,636	$304.0M	Reduce -3.6%
TMO Thermo Fisher Scientific Inc.	0.79%	569,045	$283.2M	Add +12.2%
Z Zillow Group Inc. Class C	0.77%	4,029,503	$276.3M	Add +11.4%
TT Trane Technologies PLC	0.75%	795,797	$268.1M	Add +9.9%
SNX TD Synnex Corp.	0.74%	2,565,191	$266.7M	Add +8.5%
J Jacobs Solutions Inc.	0.73%	2,176,944	$263.2M	Add +9.5%
MSI Motorola Solutions Inc.	0.71%	585,632	$256.4M	Reduce -1.0%
LLY Eli Lilly & Co.	0.70%	306,738	$253.3M	Add +8.3%
XOM Exxon Mobil Corp.	0.70%	2,125,187	$252.7M	Reduce -28.9%
CRH CRH PLC	0.68%	2,779,171	$244.5M	Add +9.1%
SE Sea Ltd.-ADR	0.61%	1,683,861	$219.7M	Add +35.4%
TRU Transunion	0.61%	2,630,789	$218.3M	Reduce -13.9%
ICE Intercontinental Exchange Inc.	0.59%	1,229,759	$212.1M	Reduce -17.4%
IBN Icici Bank Ltd.-Spon ADR	0.58%	6,658,755	$209.9M	Add +1246.5%
PLNT Planet Fitness Inc. Class A	0.57%	2,124,679	$205.3M	Add +61.1%
GM General Motors Co.	0.55%	4,229,248	$198.9M	Add +3.4%
AER Aercap Holdings NV	0.55%	1,930,577	$197.2M	Reduce -24.3%
OKTA Okta Inc.	0.53%	1,804,935	$189.9M	New
PINS Pinterest Inc. Class A	0.52%	6,027,355	$186.8M	Add +10.2%
EPAM Epam Systems Inc.	0.52%	1,103,292	$186.3M	New
CNI Canadian Natl Railway Co.	0.51%	1,901,342	$185.0M	Reduce -7.0%
ZTS Zoetis Inc.	0.50%	1,097,830	$180.8M	Reduce -35.0%
NEE Nextera Energy Inc.	0.48%	2,424,689	$171.9M	Reduce -6.5%
FCX Freeport-McMoran Inc.	0.47%	4,478,060	$169.5M	Add +27.2%
ELV Elevance Health Inc.	0.46%	381,316	$165.9M	Reduce -16.8%
B Barrick Gold Corp.	0.44%	8,208,676	$159.6M	Add +20.6%
DAL Delta Air Lines Inc.	0.40%	3,309,020	$144.3M	Add +1469.9%
RBLX Roblox Corp. Class A	0.38%	2,356,827	$137.4M	New
WM Waste Management Inc.	0.38%	587,863	$136.1M	Reduce -33.5%
ACM Aecom	0.35%	1,369,824	$127.0M	Reduce -7.4%
NEM Newmont Corp.	0.35%	2,598,547	$125.5M	Reduce -24.8%
CCEP Coca-Cola Europacific Partne	0.31%	1,277,375	$111.2M	Reduce -9.0%
TEL Te Connectivity PLC	0.30%	764,281	$108.0M	Reduce -8.2%
META Meta Platforms Inc. Class A	0.28%	177,315	$102.2M	Reduce -26.9%
LNWO Light & Wonder Inc.	0.28%	1,174,556	$101.7M	Add +56.7%
BAP Credicorp Ltd.	0.28%	541,281	$100.8M	Reduce -50.3%
TXN Texas Instruments Inc.	0.26%	521,779	$93.8M	Reduce -3.1%
KR Kroger Co.	0.25%	1,318,154	$89.2M	Reduce -20.3%
TTEK Tetra Tech Inc.	0.24%	2,990,262	$87.5M	Add +26.4%
AU Anglogold Ashanti PLC	0.24%	2,337,673	$86.8M	Add +19.8%
KT KT Corp.-SP ADR	0.24%	4,890,767	$86.6M	Add +28.3%
UNH Unitedhealth Group Inc.	0.23%	158,196	$82.9M	Reduce -33.3%
SCHW Schwab (charles) Corp.	0.23%	1,044,304	$81.7M	Reduce -16.9%
FBIN Fortune Brands Innovations I	0.22%	1,325,821	$80.7M	Add +9.9%
GLPI Gaming and Leisure Propertie	0.22%	1,562,643	$79.5M	Add +12.0%
ACN Accenture PLC Class A	0.22%	254,189	$79.3M	Reduce -5.0%
MMYT Makemytrip Ltd.	0.21%	772,853	$75.7M	Add +1586.6%
TX Ternium SA-Sponsored ADR	0.20%	2,288,515	$71.3M	Reduce -5.3%
CPNG Coupang Inc.	0.19%	3,190,434	$70.0M	Add +51.2%
BR Broadridge Financial Solutio	0.18%	272,937	$66.2M	Reduce -5.0%
CME Cme Group Inc.	0.18%	244,974	$65.0M	Reduce -4.9%
AZO AutoZone Inc.	0.18%	16,551	$63.1M	New
VALE Vale SA-SP ADR	0.18%	6,304,537	$62.9M	Reduce -1.6%
GILD Gilead Sciences Inc.	0.17%	547,985	$61.4M	New
FMX Fomento Economico Mex-SP ADR	0.17%	620,477	$60.5M	Reduce -3.7%
PGR Progressive Corp.	0.16%	203,017	$57.5M	Add +16.8%
MCK McKesson Corp.	0.15%	82,546	$55.6M	Reduce -33.7%
KGC Kinross Gold Corp.	0.15%	4,224,755	$53.2M	Reduce -6.9%
PAAS Pan American Silver Corp.	0.15%	2,023,415	$52.3M	Reduce -2.6%
CDNS Cadence Design SYS Inc.	0.14%	195,526	$49.7M	Add +4.2%
AGI Alamos Gold Inc. Class A	0.13%	1,806,815	$48.3M	Reduce -15.7%
AEM Agnico Eagle Mines Ltd.	0.13%	439,776	$47.6M	Reduce -47.2%
CCI Crown Castle Inc.	0.13%	450,212	$46.9M	Reduce -16.1%
ANSS Ansys Inc.	0.13%	147,725	$46.8M	Reduce -66.9%
BWA Borgwarner Inc.	0.12%	1,565,984	$44.9M	Reduce -20.3%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC	0.12%	471,113	$43.7M	Reduce -20.7%
ASML ASML Holding NV-NY Reg SHS	0.12%	65,638	$43.5M	Add +1.6%
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD	0.12%	419,178	$42.9M	New

Show all 193 holdings

Portfolio Sells Q4 2024 → Q1 2025


NVDA Nvidia Corp.	Reduce -10.0%	2.64%	−0.85
MCO Moody's Corp.	Reduce -45.4%	1.07%	−0.85
TPR Tapestry Inc.	Sold out	0.00%	−0.54
TSM Taiwan Semiconductor-SP ADR	Reduce -26.1%	0.91%	−0.50
SYF Synchrony Financial	Sold out	0.00%	−0.45
TCOM Trip.com Group Ltd.-ADR	Sold out	0.00%	−0.43
ROK Rockwell Automation Inc.	Reduce -85.6%	0.06%	−0.38
AAPL Apple Inc.	Reduce -12.4%	1.43%	−0.34
APTV Aptiv PLC	Sold out	0.00%	−0.29
ANSS Ansys Inc.	Reduce -66.9%	0.13%	−0.27
BAP Credicorp Ltd.	Reduce -50.3%	0.28%	−0.25
ZTS Zoetis Inc.	Reduce -35.0%	0.50%	−0.23
ICLR Icon PLC	Reduce -1.0%	1.42%	−0.23
CHKP Check Point Software Tech	Reduce -29.6%	1.60%	−0.19
BEKE Ke Holdings Inc.-ADR	Sold out	0.00%	−0.18
XOM Exxon Mobil Corp.	Reduce -28.9%	0.70%	−0.16
TRU Transunion	Reduce -13.9%	0.61%	−0.15
REGN Regeneron Pharmaceuticals	Sold out	0.00%	−0.15
BKNG Booking Holdings Inc.	Reduce -1.5%	2.76%	−0.15
STZ Constellation Brands Inc. Class A	Sold out	0.00%	−0.14
AER Aercap Holdings NV	Reduce -24.3%	0.55%	−0.10
WM Waste Management Inc.	Reduce -33.5%	0.38%	−0.10
META Meta Platforms Inc. Class A	Reduce -26.9%	0.28%	−0.10
UNH Unitedhealth Group Inc.	Reduce -33.3%	0.23%	−0.09
KLAC KLA Corp.	Reduce -83.1%	0.02%	−0.09
NOV Nov Inc.	Reduce -67.8%	0.04%	−0.07
ACM Aecom	Reduce -7.4%	0.35%	−0.07
EGO Eldorado Gold Corp.	Reduce -73.2%	0.03%	−0.07
AXP American Express Co.	Reduce -42.7%	0.08%	−0.07
SYY Sysco Corp.	Sold out	0.00%	−0.06
A Agilent Technologies Inc.	Sold out	0.00%	−0.06
FDS Factset Research Systems Inc.	Reduce -1.6%	1.51%	−0.05
MS Morgan Stanley	Sold out	0.00%	−0.05
LW Lamb Weston Holdings Inc.	Reduce -23.0%	0.08%	−0.05
COIN Coinbase Global Inc. Class A	Sold out	0.00%	−0.05
BWA Borgwarner Inc.	Reduce -20.3%	0.12%	−0.04
TECK Teck Resources Ltd.-CLS B	Reduce -57.2%	0.03%	−0.04
AEM Agnico Eagle Mines Ltd.	Reduce -47.2%	0.13%	−0.04
NFLX Netflix Inc.	Sold out	0.00%	−0.04
CNI Canadian Natl Railway Co.	Reduce -7.0%	0.51%	−0.04
BG Bunge Global SA	Sold out	0.00%	−0.04
CLF Cleveland-Cliffs Inc.	Sold out	0.00%	−0.04
HDB HDFC Bank Ltd.-ADR	Reduce -31.4%	0.11%	−0.04
GS Goldman Sachs Group Inc.	Sold out	0.00%	−0.04
DHR Danaher Corp.	Reduce -39.1%	0.05%	−0.04
MCK McKesson Corp.	Reduce -33.7%	0.15%	−0.04
ACN Accenture PLC Class A	Reduce -5.0%	0.22%	−0.03
KSPI JSC Kaspi.kz ADR	Reduce -20.7%	0.12%	−0.03
AA Alcoa Corp.	Reduce -48.0%	0.02%	−0.03
PAYC Paycom Software Inc.	Reduce -33.7%	0.07%	−0.03

Portfolio Buys Q4 2024 → Q1 2025


MRSH Marsh & McLennan Cos	Add +153.7%	1.61%	+1.08
IBN Icici Bank Ltd.-Spon ADR	Add +1246.5%	0.58%	+0.54
OKTA Okta Inc.	New	0.53%	+0.53
EPAM Epam Systems Inc.	New	0.52%	+0.52
RBLX Roblox Corp. Class A	New	0.38%	+0.38
DAL Delta Air Lines Inc.	Add +1469.9%	0.40%	+0.37
SE Sea Ltd.-ADR	Add +35.4%	0.61%	+0.26
TKO Tko Group Holdings Inc.	Add +2.1%	1.80%	+0.22
PLNT Planet Fitness Inc. Class A	Add +61.1%	0.57%	+0.22
BSX Boston Scientific Corp.	Add +6.4%	1.08%	+0.22
MA Mastercard Inc. Class A	Add +4.9%	1.65%	+0.20
MMYT Makemytrip Ltd.	Add +1586.6%	0.21%	+0.20
AZO AutoZone Inc.	New	0.18%	+0.18
ALGN Align Technology Inc.	Add +58.7%	0.86%	+0.18
GILD Gilead Sciences Inc.	New	0.17%	+0.17
B Barrick Gold Corp.	Add +20.6%	0.44%	+0.16
JPM JPMorgan Chase & Co.	Add +4.5%	1.38%	+0.14
AU Anglogold Ashanti PLC	Add +19.8%	0.24%	+0.12
LLY Eli Lilly & Co.	Add +8.3%	0.70%	+0.12
FUTU Futu Holdings Ltd.-ADR	New	0.12%	+0.12
FCX Freeport-McMoran Inc.	Add +27.2%	0.47%	+0.11
CVX Chevron Corp.	New	0.11%	+0.11
LNWO Light & Wonder Inc.	Add +56.7%	0.28%	+0.11
CP Canadian Pacific Kansas City	New	0.10%	+0.10
PINS Pinterest Inc. Class A	Add +10.2%	0.52%	+0.10
NTRA Natera Inc.	New	0.09%	+0.09
KT KT Corp.-SP ADR	Add +28.3%	0.24%	+0.08
TMO Thermo Fisher Scientific Inc.	Add +12.2%	0.79%	+0.08
CPNG Coupang Inc.	Add +51.2%	0.19%	+0.07
Z Zillow Group Inc. Class C	Add +11.4%	0.77%	+0.05
CRH CRH PLC	Add +9.1%	0.68%	+0.05
PGR Progressive Corp.	Add +16.8%	0.16%	+0.05
MOS The Mosaic Co.	New	0.05%	+0.05
GLPI Gaming and Leisure Propertie	Add +12.0%	0.22%	+0.04
HII Huntington Ingalls Industrie	New	0.04%	+0.04
SLB SLB Ltd.	New	0.04%	+0.04
IAG Iamgold Corp.	New	0.04%	+0.04
RYAAY Ryanair Holdings PLC-SP ADR	New	0.03%	+0.03
CF CF Industries Holdings Inc.	New	0.03%	+0.03
STLD Steel Dynamics Inc.	New	0.03%	+0.03
TT Trane Technologies PLC	Add +9.9%	0.75%	+0.03
SRLN SS Blackstone Sr Loan ETF	Add +117.5%	0.05%	+0.03
CTVA Corteva Inc.	Add +18.9%	0.09%	+0.02
EQT Eqt Corp.	New	0.02%	+0.02
J Jacobs Solutions Inc.	Add +9.5%	0.73%	+0.02
VNOM Viper Energy Inc.	New	0.02%	+0.02
USHY iShares Broad Usd High Yield	New	0.02%	+0.02
KOF Coca-Cola Femsa Sab-SP ADR	New	0.01%	+0.01
BKR Baker Hughes Co.	Add +1.3%	0.06%	+0.01
NU Nu Holdings Ltd./Cayman Isl-A	Add +29.6%	0.02%	+0.01

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	271	$44.7B	GOOGL, NVDA, V, MSFT, JNJ
Q1 2026	237	$43.1B	GOOGL, MSFT, NVDA, V, JNJ
Q4 2025	225	$46.6B	MSFT, GOOGL, NVDA, V, JNJ
Q3 2025Amended	210	$46.3B	MSFT, NVDA, GOOGL, V, ADSK
Q2 2025	202	$42.6B	MSFT, V, NVDA, ADSK, GOOGL
Q1 2025	193	$35.9B	MSFT, V, PM, ADSK, GOOGL
Q4 2024	191	$37.4B	MSFT, V, GOOGL, ADSK, NVDA
Q3 2024	194	$37.5B	MSFT, V, ADSK, GOOGL, BKNG
Q2 2024	187	$36.2B	MSFT, V, GOOGL, BKNG, ADSK
Q1 2024	185	$35.6B	MSFT, V, GOOGL, BKNG, ADSK