NS Partners Ltd

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 8, 2024), NS Partners Ltd reported 75 stock positions worth $2.4 billion. Its top holding was Microsoft (MSFT) at 9.6% of the portfolio, followed by Nvidia (NVDA, 7.8%) and Apple (AAPL, 5.7%). Compared with Q2 2024, it opened 2 new positions, sold out of 1, added to 57 and reduced 12. The biggest buy was a new position in Vista Energy Sab DE CV (VIST) and the biggest sale Petroleo Brasileiro-Spon ADR (PBR, shares −92%).

Most Recent 13F
Q2 2026
Location
LONDON, X0
CIK
0001657111
Portfolio Value
$2.4B (Q3 2024)
SEC Filing
0001657111-24-000003 ↗ filed Nov 8, 2024

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $2.2B Q1 2024 Q2 2024: $2.2B Q2 2024 Q3 2024: $2.4B $2.4B Q3 2024 Q4 2024: $2.4B Q4 2024 Q1 2025: $2.3B Q1 2025 Q2 2025: $2.4B Q2 2025 Q3 2025: $2.6B Q3 2025 Q4 2025: $2.6B Q4 2025 Q1 2026: $2.2B Q1 2026 Q2 2026: $2.3B Q2 2026

Holdings 75 stocks · $2.4B
MSFT Microsoft Corp. 9.64% 531,345 $228.6M Add +1.7%
NVDA Nvidia Corp. 7.82% 1,526,593 $185.4M Add +0.3%
AAPL Apple Inc. 5.74% 583,676 $136.0M Add +2.6%
GOOG Alphabet Inc. Class C 4.92% 698,253 $116.7M Add +2.7%
META Meta Platforms Inc. Class A 4.01% 166,204 $95.1M Add +2.2%
AMZN Amazon.com Inc. 3.64% 463,428 $86.4M Add +2.3%
INTU Intuit Inc. 2.65% 101,263 $62.9M Add +1.8%
MA Mastercard Inc. Class A 2.31% 110,696 $54.7M Add +0.5%
TCOM Trip.com Group Ltd.-ADR 2.10% 835,900 $49.7M Reduce -17.4%
UNH Unitedhealth Group Inc. 2.01% 81,666 $47.7M Add +1.7%
V Visa Inc. Class A 2.01% 173,044 $47.6M Reduce -0.4%
SPGI S&P Global Inc. 1.86% 85,313 $44.1M Add +1.8%
MSCI MSCI Inc. 1.84% 74,721 $43.6M Add +2.1%
TMUS T-Mobile US Inc. 1.76% 202,755 $41.8M Add +2.2%
NEE Nextera Energy Inc. 1.74% 487,711 $41.2M Add +2.0%
SYK Stryker Corp. 1.72% 113,066 $40.8M Add +1.3%
MAR Marriott International Class A 1.58% 151,032 $37.5M Add +0.1%
MCD McDonald's Corp. 1.58% 123,235 $37.5M Add +0.9%
JPM JPMorgan Chase & Co. 1.57% 176,661 $37.3M Add +0.7%
MCO Moody's Corp. 1.54% 76,746 $36.4M Add +1.9%
ADBE Adobe Inc. 1.52% 69,830 $36.2M Add +2.0%
ISRG Intuitive Surgical Inc. 1.52% 73,518 $36.1M Add +2.3%
KO The Coca-Cola Co. 1.47% 484,695 $34.8M Reduce -0.1%
VRSK Verisk Analytics Inc. 1.42% 125,619 $33.7M Add +3.7%
ZTS Zoetis Inc. 1.37% 165,788 $32.4M Add +1.7%
BSX Boston Scientific Corp. 1.30% 368,531 $30.9M Add +2.5%
EFX Equifax Inc. 1.18% 95,010 $27.9M Add +2.3%
CRM Salesforce Inc. 1.17% 101,716 $27.8M Add +2.5%
EQIX Equinix Inc. 1.17% 31,234 $27.7M Add +1.9%
VIST Vista Energy Sab DE CV 1.13% 606,100 $26.8M New
ITUB Itau Unibanco H-Spon PRF ADR 1.13% 4,017,853 $26.7M Reduce -1.2%
YUM Yum! Brands Inc. 1.06% 179,387 $25.1M Add +1.6%
ADP Automatic Data Processing 1.05% 90,361 $25.0M Add +1.5%
PEP Pepsico Inc. 1.02% 141,781 $24.1M Add +1.0%
BKNG Booking Holdings Inc. 0.97% 5,471 $23.0M Add +1.8%
MKC McCormick & Co.-Non VTG SHRS 0.90% 260,122 $21.4M Add +0.2%
SBUX Starbucks Corp. 0.90% 217,785 $21.2M Add +1.8%
NKE Nike Inc. Class B 0.89% 237,982 $21.0M Add +1.9%
NOW ServiceNow Inc. 0.87% 23,002 $20.6M Add +34.7%
VRSN Verisign Inc. 0.85% 106,052 $20.1M Reduce -0.2%
IDXX Idexx Laboratories Inc. 0.84% 39,310 $19.9M Add +2.0%
LMT Lockheed Martin Corp. 0.84% 33,958 $19.9M Reduce -1.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.81% 481,786 $19.1M Add +2.0%
HON Honeywell International Inc. 0.80% 92,227 $19.1M Add +1.9%
ADSK Autodesk Inc. 0.79% 68,186 $18.8M Add +1.9%
CCI Crown Castle Inc. 0.78% 156,519 $18.6M Add +1.7%
MNST Monster Beverage Corp. 0.78% 354,388 $18.5M Add +2.2%
NOC Northrop Grumman Corp. 0.75% 33,667 $17.8M Add +1.8%
BDX Becton Dickinson and Co. 0.72% 70,414 $17.0M Add +1.9%
TRU Transunion 0.66% 148,692 $15.6M Add +2.6%
PYPL PayPal Holdings Inc. 0.65% 198,729 $15.5M Add +17.1%
VEEV Veeva Systems Inc. Class A 0.62% 70,078 $14.7M Add +2.1%
EW Edwards Lifesciences Corp. 0.58% 208,641 $13.8M Add +2.0%
CSGP Costar Group Inc. 0.58% 182,417 $13.8M Add +2.1%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.57% 134,428 $13.4M Reduce -0.4%
JNJ Johnson & Johnson 0.55% 80,955 $13.1M Reduce -5.2%
KVUE Kenvue Inc. 0.50% 509,075 $11.8M Add +1.9%
ALLE Allegion PLC 0.48% 78,353 $11.4M Add +2.2%
PM Philip Morris International 0.47% 90,974 $11.0M Add +1.3%
BAP Credicorp Ltd. 0.46% 60,200 $10.9M New
TSM Taiwan Semiconductor-SP ADR 0.40% 54,749 $9.5M Add +0.2%
STZ Constellation Brands Inc. Class A 0.31% 28,649 $7.4M Add +2.2%
MASI Masimo Corp. 0.24% 43,037 $5.7M Add +2.3%
BSAC Banco Santander-Chile-ADR 0.22% 247,921 $5.1M Reduce -40.1%
ILMN Illumina Inc. 0.20% 37,103 $4.8M Add +2.5%
PBR Petroleo Brasileiro-Spon ADR 0.12% 191,500 $2.8M Reduce -91.7%
BBD Banco Bradesco-ADR 0.11% 1,003,600 $2.7M Reduce -1.1%
VALE Vale SA-SP ADR 0.05% 104,700 $1.2M No change
HD Home Depot Inc. 0.05% 2,688 $1.1M Add +5.1%
KSA Ishrs MSCI Saudi Arabia ETF 0.05% 25,300 $1.1M No change
IBN Icici Bank Ltd.-Spon ADR 0.04% 34,400 $1.0M Add +76.4%
BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC 0.03% 40,800 $812K No change
RYAAY Ryanair Holdings PLC-SP ADR 0.01% 5,910 $267K Add +3.5%
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE 0.01% 6,100 $254K Reduce -45.2%
NBIS Nebius Group NV 0.00% 33,418 $0 No change

Portfolio Sells Q2 2024 → Q3 2024
PBR Petroleo Brasileiro-Spon ADR Reduce -91.7% 0.12% −1.39
BSAC Banco Santander-Chile-ADR Reduce -40.1% 0.22% −0.14
BABA Alibaba Group Holding-SP ADR Sold out 0.00% −0.11
EL Estee Lauder Companies Class A Reduce -0.4% 0.57% −0.09
TCOM Trip.com Group Ltd.-ADR Reduce -17.4% 2.10% −0.06
V Visa Inc. Class A Reduce -0.4% 2.01% −0.06
JNJ Johnson & Johnson Reduce -5.2% 0.55% −0.01
SQM Quimica Y Minera Chil-SP ADR Reduce -45.2% 0.01% −0.01
VRSN Verisign Inc. Reduce -0.2% 0.85% −0.01
BBD Banco Bradesco-ADR Reduce -1.1% 0.11% +0.01
ITUB Itau Unibanco H-Spon PRF ADR Reduce -1.2% 1.13% +0.05
KO The Coca-Cola Co. Reduce -0.1% 1.47% +0.07
LMT Lockheed Martin Corp. Reduce -1.1% 0.84% +0.11

Portfolio Buys Q2 2024 → Q3 2024
VIST Vista Energy Sab DE CV New 1.13% +1.13
BAP Credicorp Ltd. New 0.46% +0.46
AAPL Apple Inc. Add +2.6% 5.74% +0.30
META Meta Platforms Inc. Class A Add +2.2% 4.01% +0.30
NOW ServiceNow Inc. Add +34.7% 0.87% +0.26
MSCI MSCI Inc. Add +2.1% 1.84% +0.24
PYPL PayPal Holdings Inc. Add +17.1% 0.65% +0.21
NEE Nextera Energy Inc. Add +2.0% 1.74% +0.20
TMUS T-Mobile US Inc. Add +2.2% 1.76% +0.18
MCD McDonald's Corp. Add +0.9% 1.58% +0.17
TRU Transunion Add +2.6% 0.66% +0.17
SPGI S&P Global Inc. Add +1.8% 1.86% +0.16
UNH Unitedhealth Group Inc. Add +1.7% 2.01% +0.16
EFX Equifax Inc. Add +2.3% 1.18% +0.16
SBUX Starbucks Corp. Add +1.8% 0.90% +0.14
EQIX Equinix Inc. Add +1.9% 1.17% +0.12
CCI Crown Castle Inc. Add +1.7% 0.78% +0.10
MA Mastercard Inc. Class A Add +0.5% 2.31% +0.10
MCO Moody's Corp. Add +1.9% 1.54% +0.10
NOC Northrop Grumman Corp. Add +1.8% 0.75% +0.10
ADP Automatic Data Processing Add +1.5% 1.05% +0.09
NKE Nike Inc. Class B Add +1.9% 0.89% +0.09
ZTS Zoetis Inc. Add +1.7% 1.37% +0.08
KVUE Kenvue Inc. Add +1.9% 0.50% +0.08
ISRG Intuitive Surgical Inc. Add +2.3% 1.52% +0.07
ALLE Allegion PLC Add +2.2% 0.48% +0.07
MKC McCormick & Co.-Non VTG SHRS Add +0.2% 0.90% +0.07
PM Philip Morris International Add +1.3% 0.47% +0.05
VEEV Veeva Systems Inc. Class A Add +2.1% 0.62% +0.05
BSX Boston Scientific Corp. Add +2.5% 1.30% +0.05
ADSK Autodesk Inc. Add +1.9% 0.79% +0.04
ILMN Illumina Inc. Add +2.5% 0.20% +0.03
IBN Icici Bank Ltd.-Spon ADR Add +76.4% 0.04% +0.02
CRM Salesforce Inc. Add +2.5% 1.17% +0.02
BKNG Booking Holdings Inc. Add +1.8% 0.97% +0.01
HD Home Depot Inc. Add +5.1% 0.05% +0.01
MASI Masimo Corp. Add +2.3% 0.24% +0.00
SYK Stryker Corp. Add +1.3% 1.72% +0.00
YUM Yum! Brands Inc. Add +1.6% 1.06% −0.00
MNST Monster Beverage Corp. Add +2.2% 0.78% −0.01
IDXX Idexx Laboratories Inc. Add +2.0% 0.84% −0.01
STZ Constellation Brands Inc. Class A Add +2.2% 0.31% −0.02
BDX Becton Dickinson and Co. Add +1.9% 0.72% −0.02
RYAAY Ryanair Holdings PLC-SP ADR Add +3.5% 0.01% −0.02
CSGP Costar Group Inc. Add +2.1% 0.58% −0.02
TSM Taiwan Semiconductor-SP ADR Add +0.2% 0.40% −0.03
PEP Pepsico Inc. Add +1.0% 1.02% −0.03
JPM JPMorgan Chase & Co. Add +0.7% 1.57% −0.04
BAC Bank of America Corp. Add +2.0% 0.81% −0.05
VRSK Verisk Analytics Inc. Add +3.7% 1.42% −0.06

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 77$2.3BNVDA, GOOG, AAPL, MSFT, AMZN
Q1 2026 71$2.2BNVDA, GOOG, MSFT, AAPL, AMZN
Q4 2025 74$2.6BMSFT, NVDA, GOOG, AAPL, AMZN
Q3 2025 74$2.6BNVDA, MSFT, GOOG, AAPL, META
Q2 2025 72$2.4BMSFT, NVDA, META, GOOG, AAPL
Q1 2025 73$2.3BMSFT, NVDA, AAPL, GOOG, META
Q4 2024 77$2.4BMSFT, NVDA, AAPL, GOOG, AMZN
Q3 2024 75$2.4BMSFT, NVDA, AAPL, GOOG, META
Q2 2024 74$2.2BMSFT, NVDA, GOOG, AAPL, AMZN
Q1 2024 75$2.2BMSFT, NVDA, GOOG, AAPL, AMZN