NS Partners Ltd
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 9, 2024), NS Partners Ltd reported 75 stock positions worth $2.2 billion. Its top holding was Microsoft (MSFT) at 10.2% of the portfolio, followed by Nvidia (NVDA, 6.8%) and Alphabet Class C (GOOG, 4.8%). Compared with Q4 2023, it opened 1 new position, sold out of 1, added to 28 and reduced 44. The biggest buy was Intuitive Surgical (ISRG, shares +1%) and the biggest sale HDFC Bank Ltd.-ADR (HDB, shares −73%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001657111
- Portfolio Value
- $2.2B (Q1 2024)
- SEC Filing
- 0001426327-24-000003 ↗ filed May 9, 2024
Holdings Value
Holdings 75 stocks · $2.2B
| MSFT Microsoft Corp. | 10.16% | 524,404 | $220.6M | Reduce -0.3% |
| NVDA Nvidia Corp. | 6.82% | 163,812 | $148.0M | Reduce -0.3% |
| GOOG Alphabet Inc. Class C | 4.81% | 686,513 | $104.5M | Add +0.5% |
| AAPL Apple Inc. | 4.47% | 566,188 | $97.1M | Reduce -0.7% |
| AMZN Amazon.com Inc. | 3.75% | 451,593 | $81.5M | Reduce -0.1% |
| META Meta Platforms Inc. Class A | 3.62% | 162,024 | $78.7M | Reduce -1.1% |
| INTU Intuit Inc. | 2.86% | 95,520 | $62.1M | Add +0.2% |
| MA Mastercard Inc. Class A | 2.48% | 111,747 | $53.8M | Reduce -1.7% |
| V Visa Inc. Class A | 2.21% | 172,263 | $48.1M | Reduce -2.0% |
| TCOM Trip.com Group Ltd.-ADR | 2.13% | 1,055,000 | $46.3M | Reduce -1.1% |
| SYK Stryker Corp. | 2.02% | 122,587 | $43.9M | Reduce -3.1% |
| MSCI MSCI Inc. | 1.90% | 73,444 | $41.2M | Reduce -3.0% |
| MAR Marriott International Class A | 1.87% | 160,953 | $40.6M | Reduce -5.4% |
| UNH Unitedhealth Group Inc. | 1.86% | 81,696 | $40.4M | Reduce -4.5% |
| MCD McDonald's Corp. | 1.68% | 129,749 | $36.6M | Reduce -7.8% |
| PBR Petroleo Brasileiro-Spon ADR | 1.68% | 2,403,958 | $36.6M | Add +7.8% |
| SPGI S&P Global Inc. | 1.65% | 84,211 | $35.8M | Add +0.1% |
| JPM JPMorgan Chase & Co. | 1.64% | 177,298 | $35.5M | Reduce -2.6% |
| TMUS T-Mobile US Inc. | 1.45% | 192,787 | $31.5M | Add +6.2% |
| NEE Nextera Energy Inc. | 1.42% | 481,528 | $30.8M | Reduce -1.1% |
| KO The Coca-Cola Co. | 1.40% | 497,529 | $30.4M | Reduce -2.4% |
| MCO Moody's Corp. | 1.38% | 76,348 | $30.0M | Reduce -0.2% |
| CRM Salesforce Inc. | 1.37% | 98,709 | $29.7M | Reduce -1.6% |
| ITUB Itau Unibanco H-Spon PRF ADR | 1.34% | 4,212,128 | $29.2M | Add +0.1% |
| VRSK Verisk Analytics Inc. | 1.32% | 121,288 | $28.6M | Add +0.3% |
| ISRG Intuitive Surgical Inc. | 1.32% | 71,574 | $28.6M | Add +0.8% |
| ADBE Adobe Inc. | 1.25% | 53,918 | $27.2M | Add +2.2% |
| YUM Yum! Brands Inc. | 1.23% | 191,892 | $26.6M | Add +2.6% |
| EQIX Equinix Inc. | 1.17% | 30,832 | $25.4M | Reduce -0.1% |
| PEP Pepsico Inc. | 1.16% | 143,454 | $25.1M | Reduce -4.2% |
| EFX Equifax Inc. | 1.14% | 92,380 | $24.7M | Reduce -2.4% |
| BSX Boston Scientific Corp. | 1.13% | 357,882 | $24.5M | Add +0.6% |
| ADP Automatic Data Processing | 1.03% | 89,310 | $22.3M | Reduce -3.1% |
| ZTS Zoetis Inc. | 1.01% | 129,292 | $21.9M | Add +0.5% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.96% | 135,737 | $20.9M | Add +3.3% |
| IDXX Idexx Laboratories Inc. | 0.95% | 38,397 | $20.7M | Add +0.4% |
| MNST Monster Beverage Corp. | 0.94% | 345,511 | $20.5M | Reduce -1.7% |
| MKC McCormick & Co.-Non VTG SHRS | 0.93% | 264,061 | $20.3M | Reduce -3.4% |
| VRSN Verisign Inc. | 0.92% | 105,549 | $20.0M | Add +0.2% |
| SBUX Starbucks Corp. | 0.91% | 215,627 | $19.7M | Reduce -3.2% |
| BKNG Booking Holdings Inc. | 0.90% | 5,391 | $19.6M | Reduce -2.5% |
| EW Edwards Lifesciences Corp. | 0.90% | 203,715 | $19.5M | Reduce -1.9% |
| NKE Nike Inc. Class B | 0.88% | 202,296 | $19.0M | Add +0.3% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.87% | 1,372,600 | $18.8M | Reduce -5.0% |
| HON Honeywell International Inc. | 0.85% | 90,272 | $18.5M | Reduce -4.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.82% | 472,353 | $17.9M | Reduce -6.3% |
| BDX Becton Dickinson and Co. | 0.79% | 69,727 | $17.3M | Reduce -1.5% |
| CSGP Costar Group Inc. | 0.79% | 177,881 | $17.2M | Add +0.7% |
| CCI Crown Castle Inc. | 0.76% | 155,218 | $16.4M | Reduce -8.1% |
| LMT Lockheed Martin Corp. | 0.74% | 35,210 | $16.0M | Add +5.3% |
| NOC Northrop Grumman Corp. | 0.73% | 33,295 | $15.9M | Reduce -3.6% |
| VEEV Veeva Systems Inc. Class A | 0.73% | 68,499 | $15.9M | Add +0.6% |
| ADSK Autodesk Inc. | 0.66% | 55,044 | $14.3M | Add +0.5% |
| JNJ Johnson & Johnson | 0.65% | 89,339 | $14.1M | Reduce -4.9% |
| TRU Transunion | 0.53% | 144,596 | $11.5M | Add +0.7% |
| KVUE Kenvue Inc. | 0.52% | 529,835 | $11.4M | Reduce -0.0% |
| PYPL PayPal Holdings Inc. | 0.52% | 168,740 | $11.3M | Add +5.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.51% | 81,950 | $11.1M | Reduce -24.1% |
| ALLE Allegion PLC | 0.47% | 76,386 | $10.3M | Reduce -3.6% |
| BSAC Banco Santander-Chile-ADR | 0.45% | 489,436 | $9.7M | Add +0.7% |
| PM Philip Morris International | 0.38% | 90,987 | $8.3M | Reduce -2.5% |
| BBD Banco Bradesco-ADR | 0.37% | 2,828,988 | $8.1M | Reduce -0.6% |
| STZ Constellation Brands Inc. Class A | 0.35% | 27,726 | $7.5M | Reduce -16.3% |
| HDB HDFC Bank Ltd.-ADR | 0.32% | 122,825 | $6.9M | Reduce -73.5% |
| MASI Masimo Corp. | 0.28% | 41,885 | $6.2M | Add +17.6% |
| ILMN Illumina Inc. | 0.23% | 36,056 | $5.0M | Add +0.3% |
| MDT Medtronic PLC | 0.18% | 45,856 | $4.0M | Reduce -0.1% |
| EEM iShares MSCI Emerging Market | 0.12% | 63,150 | $2.6M | New |
| BABA Alibaba Group Holding-SP ADR | 0.12% | 34,700 | $2.5M | Add +64.9% |
| VALE Vale SA-SP ADR | 0.06% | 104,700 | $1.3M | Add +71.6% |
| KSA Ishrs MSCI Saudi Arabia ETF | 0.05% | 25,300 | $1.1M | No change |
| HD Home Depot Inc. | 0.05% | 2,620 | $1.0M | Add +3.7% |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.04% | 5,710 | $831K | Reduce -12.3% |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 0.03% | 13,118 | $645K | Reduce -92.5% |
| NBIS Nebius Group NV filed as YANDEX N V | 0.00% | 33,418 | $0 | No change |
Portfolio Sells Q4 2023 → Q1 2024
| HDB HDFC Bank Ltd.-ADR | Reduce -73.5% | 0.32% | −1.19 |
| AAPL Apple Inc. | Reduce -0.7% | 4.47% | −0.86 |
| SQM Quimica Y Minera Chil-SP ADR | Reduce -92.5% | 0.03% | −0.48 |
| MCD McDonald's Corp. | Reduce -7.8% | 1.68% | −0.34 |
| UNH Unitedhealth Group Inc. | Reduce -4.5% | 1.86% | −0.33 |
| YUMC Yum China Holdings Inc. | Sold out | 0.00% | −0.33 |
| BEKE Ke Holdings Inc.-ADR | Reduce -5.0% | 0.87% | −0.27 |
| CCI Crown Castle Inc. | Reduce -8.1% | 0.76% | −0.19 |
| MSCI MSCI Inc. | Reduce -3.0% | 1.90% | −0.19 |
| SBUX Starbucks Corp. | Reduce -3.2% | 0.91% | −0.13 |
| BBD Banco Bradesco-ADR | Reduce -0.6% | 0.37% | −0.11 |
| HON Honeywell International Inc. | Reduce -4.3% | 0.85% | −0.11 |
| PEP Pepsico Inc. | Reduce -4.2% | 1.16% | −0.08 |
| MCO Moody's Corp. | Reduce -0.2% | 1.38% | −0.07 |
| JNJ Johnson & Johnson | Reduce -4.9% | 0.65% | −0.07 |
| KO The Coca-Cola Co. | Reduce -2.4% | 1.40% | −0.06 |
| BKNG Booking Holdings Inc. | Reduce -2.5% | 0.90% | −0.05 |
| NOC Northrop Grumman Corp. | Reduce -3.6% | 0.73% | −0.05 |
| BDX Becton Dickinson and Co. | Reduce -1.5% | 0.79% | −0.04 |
| PM Philip Morris International | Reduce -2.5% | 0.38% | −0.04 |
| STZ Constellation Brands Inc. Class A | Reduce -16.3% | 0.35% | −0.04 |
| MNST Monster Beverage Corp. | Reduce -1.7% | 0.94% | −0.04 |
| EQIX Equinix Inc. | Reduce -0.1% | 1.17% | −0.04 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -24.1% | 0.51% | −0.03 |
| KVUE Kenvue Inc. | Reduce -0.0% | 0.52% | −0.03 |
| NEE Nextera Energy Inc. | Reduce -1.1% | 1.42% | −0.02 |
| ADP Automatic Data Processing | Reduce -3.1% | 1.03% | −0.02 |
| ALLE Allegion PLC | Reduce -3.6% | 0.47% | −0.01 |
| V Visa Inc. Class A | Reduce -2.0% | 2.21% | −0.01 |
| RYAAY Ryanair Holdings PLC-SP ADR | Reduce -12.3% | 0.04% | −0.00 |
| BAC Bank of America Corp. | Reduce -6.3% | 0.82% | −0.00 |
| MDT Medtronic PLC | Reduce -0.1% | 0.18% | +0.00 |
| EFX Equifax Inc. | Reduce -2.4% | 1.14% | +0.00 |
| MAR Marriott International Class A | Reduce -5.4% | 1.87% | +0.01 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -3.4% | 0.93% | +0.03 |
| CRM Salesforce Inc. | Reduce -1.6% | 1.37% | +0.09 |
| MA Mastercard Inc. Class A | Reduce -1.7% | 2.48% | +0.12 |
| EW Edwards Lifesciences Corp. | Reduce -1.9% | 0.90% | +0.13 |
| JPM JPMorgan Chase & Co. | Reduce -2.6% | 1.64% | +0.13 |
| SYK Stryker Corp. | Reduce -3.1% | 2.02% | +0.18 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -1.1% | 2.13% | +0.27 |
| AMZN Amazon.com Inc. | Reduce -0.1% | 3.75% | +0.41 |
| MSFT Microsoft Corp. | Reduce -0.3% | 10.16% | +0.54 |
| META Meta Platforms Inc. Class A | Reduce -1.1% | 3.62% | +0.80 |
| NVDA Nvidia Corp. | Reduce -0.3% | 6.82% | +2.86 |
Portfolio Buys Q4 2023 → Q1 2024
| ISRG Intuitive Surgical Inc. | Add +0.8% | 1.32% | +0.15 |
| GOOG Alphabet Inc. Class C | Add +0.5% | 4.81% | +0.13 |
| BSX Boston Scientific Corp. | Add +0.6% | 1.13% | +0.13 |
| EEM iShares MSCI Emerging Market | New | 0.12% | +0.12 |
| VEEV Veeva Systems Inc. Class A | Add +0.6% | 0.73% | +0.09 |
| MASI Masimo Corp. | Add +17.6% | 0.28% | +0.08 |
| TRU Transunion | Add +0.7% | 0.53% | +0.05 |
| PYPL PayPal Holdings Inc. | Add +5.5% | 0.52% | +0.04 |
| CSGP Costar Group Inc. | Add +0.7% | 0.79% | +0.04 |
| YUM Yum! Brands Inc. | Add +2.6% | 1.23% | +0.04 |
| BABA Alibaba Group Holding-SP ADR | Add +64.9% | 0.12% | +0.04 |
| TMUS T-Mobile US Inc. | Add +6.2% | 1.45% | +0.03 |
| EL Estee Lauder Companies Class A | Add +3.3% | 0.96% | +0.03 |
| ADSK Autodesk Inc. | Add +0.5% | 0.66% | +0.01 |
| VALE Vale SA-SP ADR | Add +71.6% | 0.06% | +0.01 |
| HD Home Depot Inc. | Add +3.7% | 0.05% | +0.00 |
| LMT Lockheed Martin Corp. | Add +5.3% | 0.74% | +0.00 |
| BSAC Banco Santander-Chile-ADR | Add +0.7% | 0.45% | −0.01 |
| ILMN Illumina Inc. | Add +0.3% | 0.23% | −0.02 |
| INTU Intuit Inc. | Add +0.2% | 2.86% | −0.04 |
| PBR Petroleo Brasileiro-Spon ADR | Add +7.8% | 1.68% | −0.05 |
| ITUB Itau Unibanco H-Spon PRF ADR | Add +0.1% | 1.34% | −0.08 |
| IDXX Idexx Laboratories Inc. | Add +0.4% | 0.95% | −0.08 |
| VRSK Verisk Analytics Inc. | Add +0.3% | 1.32% | −0.09 |
| VRSN Verisign Inc. | Add +0.2% | 0.92% | −0.13 |
| SPGI S&P Global Inc. | Add +0.1% | 1.65% | −0.15 |
| NKE Nike Inc. Class B | Add +0.3% | 0.88% | −0.19 |
| ZTS Zoetis Inc. | Add +0.5% | 1.01% | −0.23 |
| ADBE Adobe Inc. | Add +2.2% | 1.25% | −0.28 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 77 | $2.3B | NVDA, GOOG, AAPL, MSFT, AMZN |
| Q1 2026 | 71 | $2.2B | NVDA, GOOG, MSFT, AAPL, AMZN |
| Q4 2025 | 74 | $2.6B | MSFT, NVDA, GOOG, AAPL, AMZN |
| Q3 2025 | 74 | $2.6B | NVDA, MSFT, GOOG, AAPL, META |
| Q2 2025 | 72 | $2.4B | MSFT, NVDA, META, GOOG, AAPL |
| Q1 2025 | 73 | $2.3B | MSFT, NVDA, AAPL, GOOG, META |
| Q4 2024 | 77 | $2.4B | MSFT, NVDA, AAPL, GOOG, AMZN |
| Q3 2024 | 75 | $2.4B | MSFT, NVDA, AAPL, GOOG, META |
| Q2 2024 | 74 | $2.2B | MSFT, NVDA, GOOG, AAPL, AMZN |
| Q1 2024 | 75 | $2.2B | MSFT, NVDA, GOOG, AAPL, AMZN |