NS Partners Ltd
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 7, 2025), NS Partners Ltd reported 77 stock positions worth $2.4 billion. Its top holding was Microsoft (MSFT) at 9.2% of the portfolio, followed by Nvidia (NVDA, 8.4%) and Apple (AAPL, 6.0%). Compared with Q3 2024, it opened 6 new positions, sold out of 4, added to 14 and reduced 53. The biggest buy was a new position in Globant (GLOB) and the biggest sale an exit from Vista Energy Sab DE CV (VIST).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001657111
- Portfolio Value
- $2.4B (Q4 2024)
- SEC Filing
- 0001426327-25-000005 ↗ filed Feb 7, 2025
Holdings Value
Holdings 77 stocks · $2.4B
| MSFT Microsoft Corp. | 9.19% | 527,528 | $222.4M | Reduce -0.7% |
| NVDA Nvidia Corp. | 8.37% | 1,507,613 | $202.5M | Reduce -1.2% |
| AAPL Apple Inc. | 5.99% | 578,790 | $144.9M | Reduce -0.8% |
| GOOG Alphabet Inc. Class C | 5.55% | 704,557 | $134.2M | Add +0.9% |
| AMZN Amazon.com Inc. | 4.15% | 457,837 | $100.4M | Reduce -1.2% |
| META Meta Platforms Inc. Class A | 4.10% | 169,556 | $99.3M | Add +2.0% |
| INTU Intuit Inc. | 2.60% | 100,140 | $62.9M | Reduce -1.1% |
| MA Mastercard Inc. Class A | 2.37% | 108,875 | $57.3M | Reduce -1.6% |
| V Visa Inc. Class A | 2.23% | 170,877 | $54.0M | Reduce -1.3% |
| TCOM Trip.com Group Ltd.-ADR | 2.18% | 768,500 | $52.8M | Reduce -8.1% |
| MSCI MSCI Inc. | 1.90% | 76,631 | $46.0M | Add +2.6% |
| TMUS T-Mobile US Inc. | 1.83% | 200,620 | $44.3M | Reduce -1.1% |
| MAR Marriott International Class A | 1.82% | 157,783 | $44.0M | Add +4.5% |
| SPGI S&P Global Inc. | 1.73% | 84,125 | $41.9M | Reduce -1.4% |
| JPM JPMorgan Chase & Co. | 1.73% | 174,270 | $41.8M | Reduce -1.4% |
| UNH Unitedhealth Group Inc. | 1.69% | 80,815 | $40.9M | Reduce -1.0% |
| SYK Stryker Corp. | 1.66% | 111,738 | $40.2M | Reduce -1.2% |
| CRM Salesforce Inc. | 1.59% | 114,877 | $38.4M | Add +12.9% |
| ISRG Intuitive Surgical Inc. | 1.57% | 72,554 | $37.9M | Reduce -1.3% |
| MCD McDonald's Corp. | 1.53% | 127,486 | $37.0M | Add +3.5% |
| MCO Moody's Corp. | 1.49% | 75,918 | $35.9M | Reduce -1.1% |
| NEE Nextera Energy Inc. | 1.43% | 483,803 | $34.7M | Reduce -0.8% |
| VRSK Verisk Analytics Inc. | 1.42% | 124,561 | $34.3M | Reduce -0.8% |
| BSX Boston Scientific Corp. | 1.34% | 362,485 | $32.4M | Reduce -1.6% |
| ADBE Adobe Inc. | 1.28% | 69,495 | $30.9M | Reduce -0.5% |
| KO The Coca-Cola Co. | 1.21% | 469,461 | $29.2M | Reduce -3.1% |
| EQIX Equinix Inc. | 1.20% | 30,887 | $29.1M | Reduce -1.1% |
| ZTS Zoetis Inc. | 1.20% | 177,698 | $29.0M | Add +7.2% |
| BKNG Booking Holdings Inc. | 1.10% | 5,379 | $26.7M | Reduce -1.7% |
| ADP Automatic Data Processing | 1.08% | 89,427 | $26.2M | Reduce -1.0% |
| NOW ServiceNow Inc. | 1.07% | 24,405 | $25.9M | Add +6.1% |
| EFX Equifax Inc. | 0.98% | 93,338 | $23.8M | Reduce -1.8% |
| YUM Yum! Brands Inc. | 0.98% | 176,173 | $23.6M | Reduce -1.8% |
| VRSN Verisign Inc. | 0.90% | 104,610 | $21.7M | Reduce -1.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.87% | 476,583 | $20.9M | Reduce -1.1% |
| PEP Pepsico Inc. | 0.86% | 136,494 | $20.8M | Reduce -3.7% |
| HON Honeywell International Inc. | 0.85% | 91,433 | $20.7M | Reduce -0.9% |
| ADSK Autodesk Inc. | 0.83% | 67,644 | $20.0M | Reduce -0.8% |
| MKC McCormick & Co.-Non VTG SHRS | 0.80% | 254,702 | $19.4M | Reduce -2.1% |
| GLOB Globant SA | 0.78% | 88,300 | $18.9M | New |
| SBUX Starbucks Corp. | 0.78% | 205,805 | $18.8M | Reduce -5.5% |
| MNST Monster Beverage Corp. | 0.76% | 350,626 | $18.4M | Reduce -1.1% |
| NKE Nike Inc. Class B | 0.74% | 235,892 | $17.8M | Reduce -0.9% |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 0.71% | 447,547 | $17.2M | New |
| PYPL PayPal Holdings Inc. | 0.69% | 196,646 | $16.8M | Reduce -1.1% |
| IDXX Idexx Laboratories Inc. | 0.67% | 39,192 | $16.2M | Reduce -0.3% |
| LMT Lockheed Martin Corp. | 0.66% | 33,070 | $16.1M | Reduce -2.6% |
| BDX Becton Dickinson and Co. | 0.65% | 69,720 | $15.8M | Reduce -1.0% |
| NOC Northrop Grumman Corp. | 0.65% | 33,369 | $15.7M | Reduce -0.9% |
| TRU Transunion | 0.65% | 168,793 | $15.6M | Add +13.5% |
| CSGP Costar Group Inc. | 0.64% | 214,845 | $15.4M | Add +17.8% |
| EW Edwards Lifesciences Corp. | 0.63% | 205,200 | $15.2M | Reduce -1.6% |
| BAP Credicorp Ltd. | 0.61% | 80,200 | $14.7M | Add +33.2% |
| VEEV Veeva Systems Inc. Class A | 0.60% | 69,237 | $14.6M | Reduce -1.2% |
| CCI Crown Castle Inc. | 0.58% | 155,479 | $14.1M | Reduce -0.7% |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.51% | 2,484,953 | $12.3M | Reduce -38.1% |
| JNJ Johnson & Johnson | 0.47% | 77,943 | $11.3M | Reduce -3.7% |
| PM Philip Morris International | 0.44% | 89,273 | $10.7M | Reduce -1.9% |
| KVUE Kenvue Inc. | 0.44% | 500,959 | $10.7M | Reduce -1.6% |
| ALLE Allegion PLC | 0.42% | 77,305 | $10.1M | Reduce -1.3% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.40% | 130,014 | $9.7M | Reduce -3.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.31% | 38,118 | $7.5M | Reduce -30.4% |
| ILMN Illumina Inc. | 0.30% | 53,566 | $7.2M | Add +44.4% |
| MASI Masimo Corp. | 0.29% | 42,649 | $7.0M | Reduce -0.9% |
| STZ Constellation Brands Inc. Class A | 0.26% | 28,349 | $6.3M | Reduce -1.1% |
| BABA Alibaba Group Holding-SP ADR | 0.24% | 68,700 | $5.8M | New |
| PBR Petroleo Brasileiro-Spon ADR | 0.10% | 187,600 | $2.4M | Reduce -2.0% |
| YMM Full Truck Alliance -SPN ADR | 0.07% | 165,400 | $1.8M | New |
| HD Home Depot Inc. | 0.05% | 3,196 | $1.2M | Add +18.9% |
| KSA Ishrs MSCI Saudi Arabia ETF | 0.04% | 25,300 | $1.0M | No change |
| VALE Vale SA-SP ADR | 0.04% | 104,700 | $929K | No change |
| NBIS Nebius Group NV | 0.04% | 33,418 | $926K | No change |
| SPOT Spotify Technology SA | 0.03% | 1,800 | $805K | New |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.02% | 13,275 | $579K | Add +124.6% |
| IBN Icici Bank Ltd.-Spon ADR | 0.02% | 14,700 | $439K | Reduce -57.3% |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 0.01% | 6,100 | $222K | No change |
| AER Aercap Holdings NV | 0.01% | 2,186 | $209K | New |
Portfolio Sells Q3 2024 → Q4 2024
| VIST Vista Energy Sab DE CV | Sold out | 0.00% | −1.13 |
| ITUB Itau Unibanco H-Spon PRF ADR | Reduce -38.1% | 0.51% | −0.62 |
| MSFT Microsoft Corp. | Reduce -0.7% | 9.19% | −0.45 |
| UNH Unitedhealth Group Inc. | Reduce -1.0% | 1.69% | −0.32 |
| NEE Nextera Energy Inc. | Reduce -0.8% | 1.43% | −0.30 |
| KO The Coca-Cola Co. | Reduce -3.1% | 1.21% | −0.26 |
| ADBE Adobe Inc. | Reduce -0.5% | 1.28% | −0.25 |
| BSAC Banco Santander-Chile-ADR | Sold out | 0.00% | −0.22 |
| CCI Crown Castle Inc. | Reduce -0.7% | 0.58% | −0.20 |
| EFX Equifax Inc. | Reduce -1.8% | 0.98% | −0.19 |
| LMT Lockheed Martin Corp. | Reduce -2.6% | 0.66% | −0.17 |
| IDXX Idexx Laboratories Inc. | Reduce -0.3% | 0.67% | −0.17 |
| EL Estee Lauder Companies Class A | Reduce -3.3% | 0.40% | −0.16 |
| PEP Pepsico Inc. | Reduce -3.7% | 0.86% | −0.16 |
| NKE Nike Inc. Class B | Reduce -0.9% | 0.74% | −0.15 |
| SPGI S&P Global Inc. | Reduce -1.4% | 1.73% | −0.13 |
| SBUX Starbucks Corp. | Reduce -5.5% | 0.78% | −0.12 |
| BBD Banco Bradesco-ADR | Sold out | 0.00% | −0.11 |
| NOC Northrop Grumman Corp. | Reduce -0.9% | 0.65% | −0.10 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -2.1% | 0.80% | −0.10 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -30.4% | 0.31% | −0.09 |
| JNJ Johnson & Johnson | Reduce -3.7% | 0.47% | −0.09 |
| YUM Yum! Brands Inc. | Reduce -1.8% | 0.98% | −0.08 |
| ALLE Allegion PLC | Reduce -1.3% | 0.42% | −0.06 |
| BDX Becton Dickinson and Co. | Reduce -1.0% | 0.65% | −0.06 |
| SYK Stryker Corp. | Reduce -1.2% | 1.66% | −0.06 |
| KVUE Kenvue Inc. | Reduce -1.6% | 0.44% | −0.05 |
| STZ Constellation Brands Inc. Class A | Reduce -1.1% | 0.26% | −0.05 |
| MCO Moody's Corp. | Reduce -1.1% | 1.49% | −0.05 |
| INTU Intuit Inc. | Reduce -1.1% | 2.60% | −0.05 |
| BEKE Ke Holdings Inc.-ADR | Sold out | 0.00% | −0.03 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -57.3% | 0.02% | −0.03 |
| PM Philip Morris International | Reduce -1.9% | 0.44% | −0.02 |
| VEEV Veeva Systems Inc. Class A | Reduce -1.2% | 0.60% | −0.02 |
| MNST Monster Beverage Corp. | Reduce -1.1% | 0.76% | −0.02 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -2.0% | 0.10% | −0.02 |
| VRSK Verisk Analytics Inc. | Reduce -0.8% | 1.42% | −0.00 |
| ADP Automatic Data Processing | Reduce -1.0% | 1.08% | +0.03 |
| ADSK Autodesk Inc. | Reduce -0.8% | 0.83% | +0.03 |
| EQIX Equinix Inc. | Reduce -1.1% | 1.20% | +0.03 |
| BSX Boston Scientific Corp. | Reduce -1.6% | 1.34% | +0.04 |
| PYPL PayPal Holdings Inc. | Reduce -1.1% | 0.69% | +0.04 |
| ISRG Intuitive Surgical Inc. | Reduce -1.3% | 1.57% | +0.04 |
| VRSN Verisign Inc. | Reduce -1.4% | 0.90% | +0.05 |
| EW Edwards Lifesciences Corp. | Reduce -1.6% | 0.63% | +0.05 |
| MASI Masimo Corp. | Reduce -0.9% | 0.29% | +0.05 |
| HON Honeywell International Inc. | Reduce -0.9% | 0.85% | +0.05 |
| BAC Bank of America Corp. | Reduce -1.1% | 0.87% | +0.06 |
| MA Mastercard Inc. Class A | Reduce -1.6% | 2.37% | +0.06 |
| TMUS T-Mobile US Inc. | Reduce -1.1% | 1.83% | +0.07 |
Portfolio Buys Q3 2024 → Q4 2024
| GLOB Globant SA | New | 0.78% | +0.78 |
| QFIN Qfin Holdings Inc.-ADR | New | 0.71% | +0.71 |
| GOOG Alphabet Inc. Class C | Add +0.9% | 5.55% | +0.62 |
| CRM Salesforce Inc. | Add +12.9% | 1.59% | +0.41 |
| BABA Alibaba Group Holding-SP ADR | New | 0.24% | +0.24 |
| MAR Marriott International Class A | Add +4.5% | 1.82% | +0.24 |
| NOW ServiceNow Inc. | Add +6.1% | 1.07% | +0.20 |
| BAP Credicorp Ltd. | Add +33.2% | 0.61% | +0.15 |
| ILMN Illumina Inc. | Add +44.4% | 0.30% | +0.09 |
| META Meta Platforms Inc. Class A | Add +2.0% | 4.10% | +0.09 |
| YMM Full Truck Alliance -SPN ADR | New | 0.07% | +0.07 |
| MSCI MSCI Inc. | Add +2.6% | 1.90% | +0.06 |
| CSGP Costar Group Inc. | Add +17.8% | 0.64% | +0.06 |
| SPOT Spotify Technology SA | New | 0.03% | +0.03 |
| RYAAY Ryanair Holdings PLC-SP ADR | Add +124.6% | 0.02% | +0.01 |
| AER Aercap Holdings NV | New | 0.01% | +0.01 |
| HD Home Depot Inc. | Add +18.9% | 0.05% | +0.01 |
| TRU Transunion | Add +13.5% | 0.65% | −0.01 |
| MCD McDonald's Corp. | Add +3.5% | 1.53% | −0.05 |
| ZTS Zoetis Inc. | Add +7.2% | 1.20% | −0.17 |
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 |