Ninety One UK Ltd
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Ninety One UK Ltd reported 210 stock positions worth $46.3 billion. Its top holding was Microsoft (MSFT) at 8.3% of the portfolio, followed by Nvidia (NVDA, 4.7%) and Alphabet Class A (GOOGL, 4.7%). Compared with Q2 2025, it opened 21 new positions, sold out of 13, added to 87 and reduced 87. The biggest buy was a new position in Ferrari (RACE) and the biggest sale Marsh & McLennan Cos (MRSH, shares −47%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001418329
- Portfolio Value
- $46.3B (Q3 2025)
- SEC Filing
- 0001140361-25-041941 ↗ filed Nov 13, 2025
Holdings Value
Holdings 210 stocks · $46.3B
| MSFT Microsoft Corp. | 8.34% | 7,453,447 | $3.9B | Reduce -0.6% |
| NVDA Nvidia Corp. | 4.71% | 11,694,464 | $2.2B | Add +6.0% |
| GOOGL Alphabet Inc. Class A | 4.67% | 8,903,556 | $2.2B | Reduce -1.5% |
| V Visa Inc. Class A | 4.61% | 6,252,245 | $2.1B | Add +0.2% |
| ADSK Autodesk Inc. | 3.39% | 4,945,907 | $1.6B | Reduce -7.3% |
| AVGO Broadcom Inc. | 2.68% | 3,757,282 | $1.2B | Reduce -8.4% |
| JNJ Johnson & Johnson | 2.66% | 6,640,116 | $1.2B | Reduce -5.4% |
| PM Philip Morris International | 2.52% | 7,192,389 | $1.2B | Reduce -3.9% |
| BKNG Booking Holdings Inc. | 2.50% | 214,510 | $1.2B | Reduce -1.6% |
| AMZN Amazon.com Inc. | 2.42% | 5,093,489 | $1.1B | Add +7.5% |
| TKO Tko Group Holdings Inc. | 2.16% | 4,964,002 | $1.0B | Add +2.4% |
| INTU Intuit Inc. | 2.10% | 1,424,434 | $972.8M | Reduce -2.4% |
| NTES Netease Inc.-ADR | 2.07% | 6,296,150 | $957.0M | Add +0.5% |
| EA Electronic Arts Inc. | 1.85% | 4,247,765 | $856.8M | Reduce -2.5% |
| JPM JPMorgan Chase & Co. | 1.61% | 2,368,463 | $747.1M | Add +4.0% |
| AAPL Apple Inc. | 1.57% | 2,849,443 | $725.6M | Add +13.9% |
| ADP Automatic Data Processing | 1.52% | 2,402,951 | $705.3M | Add +0.0% |
| MA Mastercard Inc. Class A | 1.49% | 1,211,514 | $689.1M | Add +2.9% |
| MNST Monster Beverage Corp. | 1.45% | 9,957,835 | $670.3M | Add +11.3% |
| EW Edwards Lifesciences Corp. | 1.33% | 7,908,572 | $615.0M | Add +14.0% |
| VRSN Verisign Inc. | 1.27% | 2,110,069 | $589.9M | Reduce -23.2% |
| TSM Taiwan Semiconductor-SP ADR | 1.26% | 2,089,096 | $583.5M | Add +4.2% |
| CHKP Check Point Software Tech | 1.16% | 2,601,592 | $538.3M | Add +0.3% |
| ICLR Icon PLC | 1.14% | 3,006,141 | $526.1M | Add +0.4% |
| BSX Boston Scientific Corp. | 1.13% | 5,363,526 | $523.6M | Add +4.2% |
| GS Goldman Sachs Group Inc. | 1.06% | 615,216 | $489.9M | Add +6.5% |
| TTWO Take-Two Interactive Softwre | 1.05% | 1,873,863 | $484.1M | Add +4.0% |
| RACE Ferrari NV | 1.02% | 978,120 | $473.0M | New |
| J Jacobs Solutions Inc. | 0.99% | 3,069,636 | $460.0M | Add +20.4% |
| SPGI S&P Global Inc. | 0.99% | 940,673 | $457.8M | Add +1.3% |
| B Barrick Mining Corp. | 0.98% | 13,807,351 | $452.5M | Reduce -12.1% |
| CRH CRH PLC | 0.88% | 3,399,803 | $407.6M | Add +8.2% |
| MCO Moody's Corp. | 0.88% | 853,453 | $406.7M | Add +1.9% |
| TMO Thermo Fisher Scientific Inc. | 0.88% | 835,599 | $405.3M | Add +3.7% |
| LNG Cheniere Energy Inc. | 0.82% | 1,611,873 | $378.8M | Reduce -10.9% |
| Z Zillow Group Inc. Class C | 0.80% | 4,825,287 | $371.8M | Add +2.0% |
| PLNT Planet Fitness Inc. Class A | 0.78% | 3,461,543 | $359.3M | Add +20.0% |
| UBS UBS Group AG-Reg | 0.77% | 8,689,535 | $355.1M | New |
| MSI Motorola Solutions Inc. | 0.76% | 767,877 | $351.1M | Add +29.6% |
| FDS Factset Research Systems Inc. | 0.75% | 1,206,890 | $345.8M | Add +1.2% |
| AER Aercap Holdings NV | 0.72% | 2,772,209 | $335.4M | Reduce -0.8% |
| LLY Eli Lilly & Co. | 0.72% | 437,127 | $333.5M | Add +2.7% |
| SNX TD Synnex Corp. | 0.70% | 1,970,461 | $322.7M | Reduce -33.2% |
| CFG Citizens Financial Group | 0.67% | 5,811,616 | $308.9M | New |
| GM General Motors Co. | 0.64% | 4,877,386 | $297.4M | Add +1.8% |
| TRU Transunion | 0.64% | 3,536,458 | $296.3M | Add +52.6% |
| XOM Exxon Mobil Corp. | 0.63% | 2,570,899 | $289.9M | Add +2.3% |
| NEM Newmont Corp. | 0.62% | 3,421,502 | $288.4M | Add +15.5% |
| IBN Icici Bank Ltd.-Spon ADR | 0.62% | 9,506,062 | $287.4M | Add +21.4% |
| AZO AutoZone Inc. | 0.62% | 66,724 | $286.3M | Reduce -10.3% |
| ALGN Align Technology Inc. | 0.61% | 2,267,192 | $283.9M | Add +18.3% |
| MRSH Marsh & McLennan Cos | 0.59% | 1,346,803 | $271.4M | Reduce -46.7% |
| SE Sea Ltd.-ADR | 0.58% | 1,495,986 | $267.4M | Reduce -12.0% |
| ICE Intercontinental Exchange Inc. | 0.56% | 1,538,835 | $259.3M | Add +1.7% |
| DASH DoorDash Inc. Class A | 0.56% | 952,808 | $259.2M | New |
| SNPS Synopsys Inc. | 0.54% | 506,396 | $249.9M | New |
| PINS Pinterest Inc. Class A | 0.52% | 7,426,630 | $238.9M | Add +11.0% |
| RBLX Roblox Corp. Class A | 0.51% | 1,711,226 | $237.0M | Reduce -4.1% |
| TT Trane Technologies PLC | 0.51% | 559,036 | $235.9M | Reduce -0.4% |
| DAL Delta Air Lines Inc. | 0.47% | 3,860,710 | $219.1M | Add +23.6% |
| BA The Boeing Co. | 0.42% | 892,990 | $192.7M | New |
| NEE Nextera Energy Inc. | 0.40% | 2,448,665 | $184.8M | Add +2.0% |
| OKTA Okta Inc. | 0.40% | 2,003,681 | $183.7M | Reduce -27.0% |
| FCX Freeport-McMoran Inc. | 0.39% | 4,567,256 | $179.1M | Reduce -16.1% |
| TW Tradeweb Markets Inc. Class A | 0.38% | 1,604,995 | $178.1M | Add +30.5% |
| ACM Aecom | 0.37% | 1,318,598 | $172.0M | Reduce -0.1% |
| ZTS Zoetis Inc. | 0.35% | 1,119,132 | $163.8M | Add +19.6% |
| HOOD Robinhood Markets Inc. Class A | 0.33% | 1,066,731 | $152.7M | New |
| TWLO Twilio Inc. Class A | 0.33% | 1,511,293 | $151.3M | Reduce -11.4% |
| ELV Elevance Health Inc. | 0.32% | 454,075 | $146.7M | Add +19.0% |
| AU Anglogold Ashanti PLC | 0.31% | 2,019,424 | $142.0M | Reduce -2.3% |
| BROS Dutch Bros Inc. Class A | 0.29% | 2,585,702 | $135.3M | New |
| CPNG Coupang Inc. | 0.29% | 4,104,525 | $132.2M | Add +6.5% |
| TEL Te Connectivity PLC | 0.26% | 545,823 | $119.8M | Reduce -23.1% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.25% | 7,199,856 | $115.3M | Add +603.5% |
| XP XP Inc. Class A | 0.23% | 5,652,624 | $106.2M | Add +201.4% |
| GLPI Gaming and Leisure Propertie | 0.22% | 2,148,546 | $100.1M | Add +2.3% |
| TXN Texas Instruments Inc. | 0.21% | 522,465 | $96.0M | Add +25.2% |
| TTEK Tetra Tech Inc. | 0.21% | 2,870,244 | $95.8M | Add +2.8% |
| CME Cme Group Inc. | 0.20% | 345,832 | $93.4M | Add +4.9% |
| BAP Credicorp Ltd. | 0.20% | 349,223 | $93.0M | Reduce -31.9% |
| PAAS Pan American Silver Corp. | 0.18% | 2,155,252 | $83.5M | Add +3.1% |
| VALE Vale SA-SP ADR | 0.18% | 7,632,938 | $82.9M | Add +29.7% |
| WM Waste Management Inc. | 0.18% | 372,580 | $82.3M | Add +4.7% |
| STNE Stoneco Ltd. Class A | 0.17% | 4,234,251 | $80.1M | Add +218.4% |
| AGI Alamos Gold Inc. Class A | 0.17% | 2,259,568 | $78.8M | Add +4.1% |
| TX Ternium SA-Sponsored ADR | 0.17% | 2,208,389 | $76.7M | Reduce -8.3% |
| CP Canadian Pacific Kansas City | 0.16% | 1,021,992 | $76.1M | Add +3.5% |
| HL Hecla Mining Co. | 0.16% | 6,219,902 | $75.3M | Add +1.7% |
| SCHW Schwab (charles) Corp. | 0.16% | 768,604 | $73.4M | Reduce -16.2% |
| AGCO Agco Corp. | 0.15% | 653,743 | $70.0M | New |
| TECK Teck Resources Ltd.-CLS B | 0.15% | 1,590,903 | $69.8M | Add +7.5% |
| META Meta Platforms Inc. Class A | 0.13% | 84,732 | $62.2M | Reduce -40.1% |
| CDNS Cadence Design SYS Inc. | 0.13% | 174,060 | $61.1M | Reduce -6.7% |
| CVX Chevron Corp. | 0.12% | 370,173 | $57.5M | Add +5.1% |
| ACN Accenture PLC Class A | 0.12% | 232,255 | $57.3M | Reduce -3.3% |
| NTRA Natera Inc. | 0.12% | 344,173 | $55.4M | Reduce -38.9% |
| IAG Iamgold Corp. | 0.12% | 4,205,749 | $54.4M | Reduce -21.4% |
| ASML ASML Holding NV-NY Reg SHS | 0.12% | 56,156 | $54.4M | Reduce -7.0% |
| HDB HDFC Bank Ltd.-ADR | 0.10% | 1,399,237 | $47.8M | Reduce -0.4% |
Portfolio Sells Q2 2025 → Q3 2025
| MRSH Marsh & McLennan Cos | Reduce -46.7% | 0.59% | −0.71 |
| PM Philip Morris International | Reduce -3.9% | 2.52% | −0.68 |
| INTU Intuit Inc. | Reduce -2.4% | 2.10% | −0.60 |
| VRSN Verisign Inc. | Reduce -23.2% | 1.27% | −0.59 |
| CNI Canadian Natl Railway Co. | Sold out | 0.00% | −0.50 |
| TSLA Tesla Inc. | Reduce -93.3% | 0.05% | −0.49 |
| ADSK Autodesk Inc. | Reduce -7.3% | 3.39% | −0.49 |
| BKNG Booking Holdings Inc. | Reduce -1.6% | 2.50% | −0.46 |
| MSFT Microsoft Corp. | Reduce -0.6% | 8.34% | −0.42 |
| CCEP Coca-Cola Europacific Partne | Sold out | 0.00% | −0.28 |
| OKTA Okta Inc. | Reduce -27.0% | 0.40% | −0.25 |
| SNX TD Synnex Corp. | Reduce -33.2% | 0.70% | −0.24 |
| LNG Cheniere Energy Inc. | Reduce -10.9% | 0.82% | −0.22 |
| KR Kroger Co. | Sold out | 0.00% | −0.20 |
| TWLO Twilio Inc. Class A | Reduce -11.4% | 0.33% | −0.17 |
| FCX Freeport-McMoran Inc. | Reduce -16.1% | 0.39% | −0.17 |
| MMYT Makemytrip Ltd. | Reduce -89.5% | 0.02% | −0.16 |
| BR Broadridge Financial Solutio | Reduce -99.0% | 0.00% | −0.15 |
| FMX Fomento Economico Mex-SP ADR | Sold out | 0.00% | −0.14 |
| KT KT Corp.-SP ADR | Sold out | 0.00% | −0.11 |
| META Meta Platforms Inc. Class A | Reduce -40.1% | 0.13% | −0.11 |
| NTRA Natera Inc. | Reduce -38.9% | 0.12% | −0.10 |
| KGC Kinross Gold Corp. | Reduce -67.5% | 0.09% | −0.10 |
| BAP Credicorp Ltd. | Reduce -31.9% | 0.20% | −0.07 |
| TT Trane Technologies PLC | Reduce -0.4% | 0.51% | −0.07 |
| VIST Vista Energy Sab DE CV | Reduce -11.2% | 0.09% | −0.06 |
| SE Sea Ltd.-ADR | Reduce -12.0% | 0.58% | −0.06 |
| DE Deere & Co. | Reduce -34.8% | 0.07% | −0.06 |
| KSPI JSC Kaspi.kz ADR | Reduce -51.9% | 0.04% | −0.05 |
| ACN Accenture PLC Class A | Reduce -3.3% | 0.12% | −0.04 |
| AER Aercap Holdings NV | Reduce -0.8% | 0.72% | −0.04 |
| SCHW Schwab (charles) Corp. | Reduce -16.2% | 0.16% | −0.04 |
| BWA Borgwarner Inc. | Sold out | 0.00% | −0.04 |
| AZO AutoZone Inc. | Reduce -10.3% | 0.62% | −0.03 |
| VNOM Viper Energy Inc. | Sold out | 0.00% | −0.03 |
| KMX Carmax Inc. | Sold out | 0.00% | −0.02 |
| IDXX Idexx Laboratories Inc. | Reduce -38.6% | 0.05% | −0.02 |
| HDB HDFC Bank Ltd.-ADR | Reduce -0.4% | 0.10% | −0.02 |
| ONON On Holding AG Class A | Sold out | 0.00% | −0.02 |
| AXP American Express Co. | Reduce -39.6% | 0.03% | −0.02 |
| TEL Te Connectivity PLC | Reduce -23.1% | 0.26% | −0.02 |
| ADBE Adobe Inc. | Reduce -17.0% | 0.04% | −0.02 |
| LKQ LKQ Corp. | Sold out | 0.00% | −0.02 |
| EQT Eqt Corp. | Reduce -41.0% | 0.02% | −0.02 |
| AMT American Tower Corp. | Reduce -0.4% | 0.07% | −0.02 |
| TAP Molson Coors Beverage Co. Class B | Sold out | 0.00% | −0.02 |
| GOOG Alphabet Inc. Class C | Reduce -37.9% | 0.06% | −0.02 |
| CCI Crown Castle Inc. | Reduce -2.2% | 0.09% | −0.02 |
| MCK McKesson Corp. | Reduce -15.1% | 0.07% | −0.01 |
| VEEV Veeva Systems Inc. Class A | Reduce -15.9% | 0.05% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| RACE Ferrari NV | New | 1.02% | +1.02 |
| UBS UBS Group AG-Reg | New | 0.77% | +0.77 |
| CFG Citizens Financial Group | New | 0.67% | +0.67 |
| NVDA Nvidia Corp. | Add +6.0% | 4.71% | +0.62 |
| DASH DoorDash Inc. Class A | New | 0.56% | +0.56 |
| SNPS Synopsys Inc. | New | 0.54% | +0.54 |
| BA The Boeing Co. | New | 0.42% | +0.42 |
| AAPL Apple Inc. | Add +13.9% | 1.57% | +0.36 |
| HOOD Robinhood Markets Inc. Class A | New | 0.33% | +0.33 |
| BROS Dutch Bros Inc. Class A | New | 0.29% | +0.29 |
| NEM Newmont Corp. | Add +15.5% | 0.62% | +0.22 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +603.5% | 0.25% | +0.22 |
| J Jacobs Solutions Inc. | Add +20.4% | 0.99% | +0.21 |
| CRH CRH PLC | Add +8.2% | 0.88% | +0.20 |
| TSM Taiwan Semiconductor-SP ADR | Add +4.2% | 1.26% | +0.19 |
| MSI Motorola Solutions Inc. | Add +29.6% | 0.76% | +0.17 |
| TRU Transunion | Add +52.6% | 0.64% | +0.16 |
| AGCO Agco Corp. | New | 0.15% | +0.15 |
| XP XP Inc. Class A | Add +201.4% | 0.23% | +0.14 |
| MNST Monster Beverage Corp. | Add +11.3% | 1.45% | +0.13 |
| STNE Stoneco Ltd. Class A | Add +218.4% | 0.17% | +0.12 |
| ICLR Icon PLC | Add +0.4% | 1.14% | +0.11 |
| DAL Delta Air Lines Inc. | Add +23.6% | 0.47% | +0.11 |
| TMO Thermo Fisher Scientific Inc. | Add +3.7% | 0.88% | +0.11 |
| GNRC Generac Holdings Inc. | New | 0.10% | +0.10 |
| GS Goldman Sachs Group Inc. | Add +6.5% | 1.06% | +0.10 |
| TKO Tko Group Holdings Inc. | Add +2.4% | 2.16% | +0.09 |
| GM General Motors Co. | Add +1.8% | 0.64% | +0.09 |
| NTES Netease Inc.-ADR | Add +0.5% | 2.07% | +0.09 |
| HL Hecla Mining Co. | Add +1.7% | 0.16% | +0.08 |
| JPM JPMorgan Chase & Co. | Add +4.0% | 1.61% | +0.06 |
| AEM Agnico Eagle Mines Ltd. | Add +386.5% | 0.07% | +0.06 |
| EW Edwards Lifesciences Corp. | Add +14.0% | 1.33% | +0.05 |
| CNC Centene Corp. | New | 0.05% | +0.05 |
| QCOM Qualcomm Inc. | Add +157.1% | 0.08% | +0.05 |
| SPOT Spotify Technology SA | New | 0.05% | +0.05 |
| VALE Vale SA-SP ADR | Add +29.7% | 0.18% | +0.04 |
| PAAS Pan American Silver Corp. | Add +3.1% | 0.18% | +0.04 |
| HUM Humana Inc. | New | 0.04% | +0.04 |
| AON Aon PLC Class A | Add +96.8% | 0.09% | +0.04 |
| CCC CCC Intelligent Solutions Ho | New | 0.04% | +0.04 |
| PLNT Planet Fitness Inc. Class A | Add +20.0% | 0.78% | +0.04 |
| AGI Alamos Gold Inc. Class A | Add +4.1% | 0.17% | +0.03 |
| SW Smurfit Westrock PLC | New | 0.03% | +0.03 |
| DAR Darling Ingredients Inc. | New | 0.03% | +0.03 |
| FANG Diamondback Energy Inc. | New | 0.03% | +0.03 |
| Z Zillow Group Inc. Class C | Add +2.0% | 0.80% | +0.03 |
| USHY iShares Broad Usd High Yield | Add +207.8% | 0.04% | +0.02 |
| WMB Williams Cos Inc. | Add +56.2% | 0.07% | +0.02 |
| TTWO Take-Two Interactive Softwre | Add +4.0% | 1.05% | +0.02 |
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 |