NS Partners Ltd
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), NS Partners Ltd reported 73 stock positions worth $2.3 billion. Its top holding was Microsoft (MSFT) at 8.8% of the portfolio, followed by Nvidia (NVDA, 7.3%) and Apple (AAPL, 5.7%). Compared with Q4 2024, it opened 2 new positions, sold out of 6, added to 53 and reduced 15. The biggest buy was Full Truck Alliance -SPN ADR (YMM, shares +755%) and the biggest sale Trip.com Group Ltd.-ADR (TCOM, shares −48%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001657111
- Portfolio Value
- $2.3B (Q1 2025)
- SEC Filing
- 0001657111-25-000003 ↗ filed May 12, 2025
Holdings Value
Holdings 73 stocks · $2.3B
| MSFT Microsoft Corp. | 8.77% | 531,365 | $199.5M | Add +0.7% |
| NVDA Nvidia Corp. | 7.29% | 1,530,632 | $165.9M | Add +1.5% |
| AAPL Apple Inc. | 5.68% | 581,285 | $129.1M | Add +0.4% |
| GOOG Alphabet Inc. Class C | 4.87% | 709,046 | $110.8M | Add +0.6% |
| META Meta Platforms Inc. Class A | 4.33% | 170,981 | $98.5M | Add +0.8% |
| AMZN Amazon.com Inc. | 3.87% | 462,981 | $88.1M | Add +1.1% |
| INTU Intuit Inc. | 2.72% | 100,843 | $61.9M | Add +0.7% |
| V Visa Inc. Class A | 2.63% | 170,514 | $59.8M | Reduce -0.2% |
| MA Mastercard Inc. Class A | 2.55% | 105,899 | $58.0M | Reduce -2.7% |
| TMUS T-Mobile US Inc. | 2.38% | 202,913 | $54.1M | Add +1.1% |
| MSCI MSCI Inc. | 1.92% | 77,283 | $43.7M | Add +0.8% |
| JPM JPMorgan Chase & Co. | 1.91% | 176,708 | $43.3M | Add +1.4% |
| SPGI S&P Global Inc. | 1.89% | 84,770 | $43.1M | Add +0.8% |
| UNH Unitedhealth Group Inc. | 1.84% | 79,928 | $41.9M | Reduce -1.1% |
| SYK Stryker Corp. | 1.84% | 112,435 | $41.9M | Add +0.6% |
| MCD McDonald's Corp. | 1.76% | 128,443 | $40.1M | Add +0.8% |
| MAR Marriott International Class A | 1.66% | 158,751 | $37.8M | Add +0.6% |
| VRSK Verisk Analytics Inc. | 1.63% | 124,970 | $37.2M | Add +0.3% |
| BSX Boston Scientific Corp. | 1.63% | 368,189 | $37.1M | Add +1.6% |
| ISRG Intuitive Surgical Inc. | 1.61% | 73,795 | $36.5M | Add +1.7% |
| MCO Moody's Corp. | 1.57% | 76,615 | $35.7M | Add +0.9% |
| NEE Nextera Energy Inc. | 1.51% | 485,590 | $34.4M | Add +0.4% |
| KO The Coca-Cola Co. | 1.48% | 469,439 | $33.6M | Reduce 0.0% |
| CRM Salesforce Inc. | 1.38% | 116,755 | $31.3M | Add +1.6% |
| ZTS Zoetis Inc. | 1.29% | 178,767 | $29.4M | Add +0.6% |
| YUM Yum! Brands Inc. | 1.23% | 177,729 | $28.0M | Add +0.9% |
| ADP Automatic Data Processing | 1.21% | 90,225 | $27.6M | Add +0.9% |
| VRSN Verisign Inc. | 1.18% | 105,529 | $26.8M | Add +0.9% |
| ADBE Adobe Inc. | 1.16% | 68,951 | $26.4M | Reduce -0.8% |
| EQIX Equinix Inc. | 1.13% | 31,541 | $25.7M | Add +2.1% |
| TCOM Trip.com Group Ltd.-ADR | 1.13% | 403,400 | $25.6M | Reduce -47.5% |
| BKNG Booking Holdings Inc. | 1.10% | 5,455 | $25.1M | Add +1.4% |
| EFX Equifax Inc. | 1.02% | 95,375 | $23.2M | Add +2.2% |
| MKC McCormick & Co.-Non VTG SHRS | 0.93% | 257,585 | $21.2M | Add +1.1% |
| MNST Monster Beverage Corp. | 0.91% | 353,298 | $20.7M | Add +0.8% |
| PEP Pepsico Inc. | 0.91% | 137,396 | $20.6M | Add +0.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.88% | 479,210 | $20.0M | Add +0.6% |
| SBUX Starbucks Corp. | 0.88% | 203,042 | $19.9M | Reduce -1.3% |
| NOW ServiceNow Inc. | 0.87% | 24,777 | $19.7M | Add +1.5% |
| HON Honeywell International Inc. | 0.85% | 91,860 | $19.5M | Add +0.5% |
| YMM Full Truck Alliance -SPN ADR | 0.79% | 1,413,600 | $18.1M | Add +754.7% |
| ADSK Autodesk Inc. | 0.79% | 68,530 | $17.9M | Add +1.3% |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 0.78% | 395,947 | $17.8M | Reduce -11.5% |
| CSGP Costar Group Inc. | 0.76% | 219,520 | $17.4M | Add +2.2% |
| NOC Northrop Grumman Corp. | 0.75% | 33,528 | $17.2M | Add +0.5% |
| IDXX Idexx Laboratories Inc. | 0.72% | 39,164 | $16.4M | Reduce -0.1% |
| CCI Crown Castle Inc. | 0.71% | 156,032 | $16.3M | Add +0.4% |
| VEEV Veeva Systems Inc. Class A | 0.71% | 70,102 | $16.2M | Add +1.3% |
| NKE Nike Inc. Class B | 0.67% | 240,295 | $15.3M | Add +1.9% |
| BDX Becton Dickinson and Co. | 0.67% | 66,275 | $15.2M | Reduce -4.9% |
| EW Edwards Lifesciences Corp. | 0.66% | 206,299 | $15.0M | Add +0.5% |
| LMT Lockheed Martin Corp. | 0.65% | 33,298 | $14.9M | Add +0.7% |
| TRU Transunion | 0.63% | 171,784 | $14.3M | Add +1.8% |
| PM Philip Morris International | 0.62% | 89,519 | $14.2M | Add +0.3% |
| BAP Credicorp Ltd. | 0.58% | 70,900 | $13.2M | Reduce -11.6% |
| PYPL PayPal Holdings Inc. | 0.57% | 197,702 | $12.9M | Add +0.5% |
| KVUE Kenvue Inc. | 0.53% | 503,990 | $12.1M | Add +0.6% |
| ALLE Allegion PLC | 0.44% | 77,439 | $10.1M | Add +0.2% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.38% | 130,584 | $8.6M | Add +0.4% |
| ANSS Ansys Inc. | 0.37% | 26,521 | $8.4M | New |
| GRAB Grab Holdings Ltd. Class A | 0.36% | 1,820,500 | $8.2M | New |
| MASI Masimo Corp. | 0.32% | 43,555 | $7.3M | Add +2.1% |
| STZ Constellation Brands Inc. Class A | 0.23% | 28,833 | $5.3M | Add +1.7% |
| ILMN Illumina Inc. | 0.19% | 53,890 | $4.3M | Add +0.6% |
| IBN Icici Bank Ltd.-Spon ADR | 0.17% | 120,100 | $3.8M | Add +717.0% |
| JNJ Johnson & Johnson | 0.12% | 16,764 | $2.8M | Reduce -78.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.12% | 16,318 | $2.7M | Reduce -57.2% |
| PBR Petroleo Brasileiro-Spon ADR | 0.12% | 187,600 | $2.7M | No change |
| HD Home Depot Inc. | 0.05% | 3,024 | $1.1M | Reduce -5.4% |
| VALE Vale SA-SP ADR | 0.05% | 104,700 | $1.0M | No change |
| KSA Ishrs MSCI Saudi Arabia ETF | 0.04% | 19,400 | $803K | Reduce -23.3% |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.03% | 14,975 | $634K | Add +12.8% |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 0.01% | 6,100 | $242K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| TCOM Trip.com Group Ltd.-ADR | Reduce -47.5% | 1.13% | −1.05 |
| GLOB Globant SA | Sold out | 0.00% | −0.78 |
| ITUB Itau Unibanco H-Spon PRF ADR | Sold out | 0.00% | −0.51 |
| JNJ Johnson & Johnson | Reduce -78.5% | 0.12% | −0.34 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.24 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -57.2% | 0.12% | −0.19 |
| ADBE Adobe Inc. | Reduce -0.8% | 1.16% | −0.12 |
| NBIS Nebius Group NV | Sold out | 0.00% | −0.04 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −0.03 |
| BAP Credicorp Ltd. | Reduce -11.6% | 0.58% | −0.03 |
| AER Aercap Holdings NV | Sold out | 0.00% | −0.01 |
| KSA Ishrs MSCI Saudi Arabia ETF | Reduce -23.3% | 0.04% | −0.01 |
| HD Home Depot Inc. | Reduce -5.4% | 0.05% | −0.00 |
| BDX Becton Dickinson and Co. | Reduce -4.9% | 0.67% | +0.01 |
| IDXX Idexx Laboratories Inc. | Reduce -0.1% | 0.72% | +0.05 |
| QFIN Qfin Holdings Inc.-ADR | Reduce -11.5% | 0.78% | +0.07 |
| SBUX Starbucks Corp. | Reduce -1.3% | 0.88% | +0.10 |
| UNH Unitedhealth Group Inc. | Reduce -1.1% | 1.84% | +0.15 |
| MA Mastercard Inc. Class A | Reduce -2.7% | 2.55% | +0.18 |
| KO The Coca-Cola Co. | Reduce 0.0% | 1.48% | +0.27 |
| V Visa Inc. Class A | Reduce -0.2% | 2.63% | +0.39 |
Portfolio Buys Q4 2024 → Q1 2025
| YMM Full Truck Alliance -SPN ADR | Add +754.7% | 0.79% | +0.72 |
| TMUS T-Mobile US Inc. | Add +1.1% | 2.38% | +0.55 |
| ANSS Ansys Inc. | New | 0.37% | +0.37 |
| GRAB Grab Holdings Ltd. Class A | New | 0.36% | +0.36 |
| BSX Boston Scientific Corp. | Add +1.6% | 1.63% | +0.29 |
| VRSN Verisign Inc. | Add +0.9% | 1.18% | +0.28 |
| YUM Yum! Brands Inc. | Add +0.9% | 1.23% | +0.25 |
| MCD McDonald's Corp. | Add +0.8% | 1.76% | +0.24 |
| META Meta Platforms Inc. Class A | Add +0.8% | 4.33% | +0.23 |
| VRSK Verisk Analytics Inc. | Add +0.3% | 1.63% | +0.22 |
| PM Philip Morris International | Add +0.3% | 0.62% | +0.18 |
| JPM JPMorgan Chase & Co. | Add +1.4% | 1.91% | +0.18 |
| SYK Stryker Corp. | Add +0.6% | 1.84% | +0.18 |
| SPGI S&P Global Inc. | Add +0.8% | 1.89% | +0.16 |
| IBN Icici Bank Ltd.-Spon ADR | Add +717.0% | 0.17% | +0.15 |
| MNST Monster Beverage Corp. | Add +0.8% | 0.91% | +0.15 |
| CCI Crown Castle Inc. | Add +0.4% | 0.71% | +0.13 |
| ADP Automatic Data Processing | Add +0.9% | 1.21% | +0.13 |
| MKC McCormick & Co.-Non VTG SHRS | Add +1.1% | 0.93% | +0.13 |
| CSGP Costar Group Inc. | Add +2.2% | 0.76% | +0.13 |
| INTU Intuit Inc. | Add +0.7% | 2.72% | +0.12 |
| VEEV Veeva Systems Inc. Class A | Add +1.3% | 0.71% | +0.11 |
| NOC Northrop Grumman Corp. | Add +0.5% | 0.75% | +0.11 |
| ZTS Zoetis Inc. | Add +0.6% | 1.29% | +0.10 |
| KVUE Kenvue Inc. | Add +0.6% | 0.53% | +0.09 |
| MCO Moody's Corp. | Add +0.9% | 1.57% | +0.08 |
| NEE Nextera Energy Inc. | Add +0.4% | 1.51% | +0.08 |
| PEP Pepsico Inc. | Add +0.7% | 0.91% | +0.05 |
| ISRG Intuitive Surgical Inc. | Add +1.7% | 1.61% | +0.04 |
| EFX Equifax Inc. | Add +2.2% | 1.02% | +0.04 |
| EW Edwards Lifesciences Corp. | Add +0.5% | 0.66% | +0.03 |
| MASI Masimo Corp. | Add +2.1% | 0.32% | +0.03 |
| ALLE Allegion PLC | Add +0.2% | 0.44% | +0.03 |
| MSCI MSCI Inc. | Add +0.8% | 1.92% | +0.02 |
| BAC Bank of America Corp. | Add +0.6% | 0.88% | +0.01 |
| RYAAY Ryanair Holdings PLC-SP ADR | Add +12.8% | 0.03% | +0.00 |
| HON Honeywell International Inc. | Add +0.5% | 0.85% | +0.00 |
| BKNG Booking Holdings Inc. | Add +1.4% | 1.10% | −0.00 |
| LMT Lockheed Martin Corp. | Add +0.7% | 0.65% | −0.01 |
| TRU Transunion | Add +1.8% | 0.63% | −0.02 |
| EL Estee Lauder Companies Class A | Add +0.4% | 0.38% | −0.02 |
| STZ Constellation Brands Inc. Class A | Add +1.7% | 0.23% | −0.03 |
| ADSK Autodesk Inc. | Add +1.3% | 0.79% | −0.04 |
| NKE Nike Inc. Class B | Add +1.9% | 0.67% | −0.07 |
| EQIX Equinix Inc. | Add +2.1% | 1.13% | −0.07 |
| ILMN Illumina Inc. | Add +0.6% | 0.19% | −0.11 |
| PYPL PayPal Holdings Inc. | Add +0.5% | 0.57% | −0.13 |
| MAR Marriott International Class A | Add +0.6% | 1.66% | −0.16 |
| NOW ServiceNow Inc. | Add +1.5% | 0.87% | −0.20 |
| CRM Salesforce Inc. | Add +1.6% | 1.38% | −0.21 |
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 |