NS Partners Ltd
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), NS Partners Ltd reported 74 stock positions worth $2.6 billion. Its top holding was Microsoft (MSFT) at 9.5% of the portfolio, followed by Nvidia (NVDA, 8.6%) and Alphabet Class C (GOOG, 8.2%). Compared with Q3 2025, it opened 5 new positions, sold out of 5, added to 34 and reduced 31. The biggest buy was a new position in Broadcom (AVGO) and the biggest sale Nvidia (NVDA, shares −19%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001657111
- Portfolio Value
- $2.6B (Q4 2025)
- SEC Filing
- 0001657111-26-000001 ↗ filed Feb 10, 2026
Holdings Value
Holdings 74 stocks · $2.6B
| MSFT Microsoft Corp. | 9.50% | 501,401 | $242.5M | Reduce -3.2% |
| NVDA Nvidia Corp. | 8.57% | 1,173,371 | $218.8M | Reduce -19.0% |
| GOOG Alphabet Inc. Class C | 8.16% | 663,607 | $208.2M | Reduce -0.6% |
| AAPL Apple Inc. | 5.91% | 554,622 | $150.8M | Add +0.4% |
| AMZN Amazon.com Inc. | 4.68% | 517,799 | $119.5M | Add +1.2% |
| META Meta Platforms Inc. Class A | 4.41% | 170,555 | $112.6M | Reduce -0.1% |
| INTU Intuit Inc. | 2.56% | 98,760 | $65.4M | Add +0.9% |
| MA Mastercard Inc. Class A | 2.25% | 100,638 | $57.5M | Reduce -0.4% |
| V Visa Inc. Class A | 2.17% | 157,818 | $55.3M | Reduce -2.4% |
| JPM JPMorgan Chase & Co. | 2.03% | 160,634 | $51.8M | Reduce -0.7% |
| UNH Unitedhealth Group Inc. | 1.95% | 150,910 | $49.8M | Add +0.9% |
| MSCI MSCI Inc. | 1.69% | 75,386 | $43.3M | Add +0.4% |
| MAR Marriott International Class A | 1.67% | 137,687 | $42.7M | Reduce -5.7% |
| SPGI S&P Global Inc. | 1.62% | 79,328 | $41.5M | Reduce -0.6% |
| ISRG Intuitive Surgical Inc. | 1.60% | 72,255 | $40.9M | Add +0.1% |
| SYK Stryker Corp. | 1.53% | 111,263 | $39.1M | Add +1.7% |
| NEE Nextera Energy Inc. | 1.53% | 485,612 | $39.0M | Add +3.5% |
| TMUS T-Mobile US Inc. | 1.50% | 189,111 | $38.4M | Reduce -3.1% |
| MCO Moody's Corp. | 1.49% | 74,641 | $38.1M | Add +2.6% |
| MCD McDonald's Corp. | 1.45% | 120,967 | $37.0M | Reduce -1.8% |
| HDB HDFC Bank Ltd.-ADR | 1.36% | 948,978 | $34.7M | Add +31.2% |
| BSX Boston Scientific Corp. | 1.34% | 359,256 | $34.3M | Add +0.3% |
| KO The Coca-Cola Co. | 1.23% | 447,972 | $31.3M | Add +0.6% |
| AVGO Broadcom Inc. | 1.14% | 84,280 | $29.2M | New |
| VRSK Verisk Analytics Inc. | 1.13% | 129,513 | $29.0M | Add +6.4% |
| CRM Salesforce Inc. | 1.11% | 106,996 | $28.3M | Reduce -0.3% |
| BKNG Booking Holdings Inc. | 1.07% | 5,091 | $27.3M | Reduce -4.2% |
| YUM Yum! Brands Inc. | 1.03% | 173,844 | $26.3M | Add +1.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.01% | 468,797 | $25.8M | Add +0.6% |
| MNST Monster Beverage Corp. | 1.00% | 332,727 | $25.5M | Reduce -3.4% |
| VRSN Verisign Inc. | 0.99% | 104,157 | $25.3M | Add +1.6% |
| IDXX Idexx Laboratories Inc. | 0.94% | 35,564 | $24.1M | Reduce -6.2% |
| ADBE Adobe Inc. | 0.92% | 66,958 | $23.4M | Reduce -0.3% |
| WEC WEC Energy Group Inc. | 0.87% | 210,995 | $22.3M | New |
| ZTS Zoetis Inc. | 0.86% | 175,014 | $22.0M | Add +1.0% |
| ADP Automatic Data Processing | 0.83% | 82,109 | $21.1M | Reduce -5.7% |
| EFX Equifax Inc. | 0.81% | 94,791 | $20.6M | No change |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 0.80% | 124,842 | $20.5M | Reduce -9.8% |
| NOC Northrop Grumman Corp. | 0.78% | 34,886 | $19.9M | Add +8.3% |
| ADSK Autodesk Inc. | 0.77% | 66,803 | $19.8M | Reduce -0.3% |
| NOW ServiceNow Inc. | 0.77% | 129,022 | $19.8M | No change |
| MKC McCormick & Co.-Non VTG SHRS | 0.67% | 251,211 | $17.1M | Add +1.3% |
| PM Philip Morris International | 0.66% | 104,931 | $16.8M | Add +6.7% |
| HON Honeywell International Inc. | 0.65% | 85,302 | $16.6M | Reduce -4.6% |
| EW Edwards Lifesciences Corp. | 0.65% | 193,939 | $16.5M | Reduce -3.6% |
| LMT Lockheed Martin Corp. | 0.61% | 32,428 | $15.7M | Add +0.8% |
| GRAB Grab Holdings Ltd. Class A | 0.61% | 3,124,910 | $15.6M | Add +17.8% |
| VEEV Veeva Systems Inc. Class A | 0.60% | 68,595 | $15.3M | Add +0.1% |
| NKE Nike Inc. Class B | 0.59% | 237,244 | $15.1M | Add +1.0% |
| SBUX Starbucks Corp. | 0.58% | 177,287 | $14.9M | Add +0.9% |
| TRU Transunion | 0.57% | 171,071 | $14.7M | Add +0.1% |
| CSGP Costar Group Inc. | 0.57% | 214,981 | $14.5M | Add +0.1% |
| SNPS Synopsys Inc. | 0.56% | 30,289 | $14.2M | Add +4.1% |
| AUGO Aura Minerals Inc. | 0.55% | 277,300 | $14.0M | New |
| INFY Infosys Ltd.-SP ADR | 0.54% | 769,900 | $13.7M | New |
| CCI Crown Castle Inc. | 0.53% | 153,614 | $13.7M | Add +2.7% |
| TME Tencent Music Entertainm-ADR | 0.52% | 757,800 | $13.3M | Reduce -31.2% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.49% | 119,238 | $12.5M | Add +1.6% |
| BDX Becton Dickinson and Co. | 0.45% | 58,812 | $11.4M | Reduce -2.7% |
| ALLE Allegion PLC | 0.45% | 71,661 | $11.4M | Reduce -5.0% |
| PYPL PayPal Holdings Inc. | 0.37% | 163,603 | $9.6M | Reduce -15.2% |
| VALE Vale SA-SP ADR | 0.36% | 702,500 | $9.2M | Reduce -13.8% |
| VNET Vnet Group Inc.-ADR | 0.31% | 937,500 | $7.9M | Add +36.5% |
| ILMN Illumina Inc. | 0.27% | 52,719 | $6.9M | Add +0.0% |
| MASI Masimo Corp. | 0.22% | 42,348 | $5.5M | Reduce -0.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.19% | 15,618 | $4.7M | No change |
| STZ Constellation Brands Inc. Class A | 0.15% | 27,641 | $3.8M | Reduce -1.8% |
| SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI | 0.07% | 74,130 | $1.8M | Add +9.0% |
| IBN Icici Bank Ltd.-Spon ADR | 0.05% | 38,800 | $1.2M | Reduce -88.2% |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.04% | 12,775 | $922K | Reduce -14.7% |
| HD Home Depot Inc. | 0.03% | 2,485 | $855K | Add +4.0% |
| TECK Teck Resources Ltd.-CLS B | 0.01% | 6,800 | $326K | New |
| KSA Ishrs MSCI Saudi Arabia ETF | 0.01% | 8,700 | $317K | No change |
| EQIX Equinix Inc. | 0.01% | 277 | $212K | Reduce -99.1% |
Portfolio Sells Q3 2025 → Q4 2025
| NVDA Nvidia Corp. | Reduce -19.0% | 8.57% | −1.88 |
| EQIX Equinix Inc. | Reduce -99.1% | 0.01% | −0.92 |
| MSFT Microsoft Corp. | Reduce -3.2% | 9.50% | −0.88 |
| TME Tencent Music Entertainm-ADR | Reduce -31.2% | 0.52% | −0.47 |
| META Meta Platforms Inc. Class A | Reduce -0.1% | 4.41% | −0.44 |
| BAP Credicorp Ltd. | Sold out | 0.00% | −0.41 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -88.2% | 0.05% | −0.34 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.32 |
| TMUS T-Mobile US Inc. | Reduce -3.1% | 1.50% | −0.30 |
| VIST Vista Energy Sab DE CV | Sold out | 0.00% | −0.24 |
| QFIN Qfin Holdings Inc.-ADR | Sold out | 0.00% | −0.20 |
| ADP Automatic Data Processing | Reduce -5.7% | 0.83% | −0.16 |
| FUTU Futu Holdings Ltd.-ADR | Reduce -9.8% | 0.80% | −0.13 |
| PYPL PayPal Holdings Inc. | Reduce -15.2% | 0.37% | −0.13 |
| HON Honeywell International Inc. | Reduce -4.6% | 0.65% | −0.08 |
| ALLE Allegion PLC | Reduce -5.0% | 0.45% | −0.07 |
| ADSK Autodesk Inc. | Reduce -0.3% | 0.77% | −0.05 |
| BKNG Booking Holdings Inc. | Reduce -4.2% | 1.07% | −0.04 |
| MASI Masimo Corp. | Reduce -0.1% | 0.22% | −0.03 |
| SQM Quimica Y Minera Chil-SP ADR | Sold out | 0.00% | −0.01 |
| MCD McDonald's Corp. | Reduce -1.8% | 1.45% | +0.00 |
| RYAAY Ryanair Holdings PLC-SP ADR | Reduce -14.7% | 0.04% | +0.00 |
| ADBE Adobe Inc. | Reduce -0.3% | 0.92% | +0.00 |
| STZ Constellation Brands Inc. Class A | Reduce -1.8% | 0.15% | +0.00 |
| IDXX Idexx Laboratories Inc. | Reduce -6.2% | 0.94% | +0.01 |
| BDX Becton Dickinson and Co. | Reduce -2.7% | 0.45% | +0.01 |
| VALE Vale SA-SP ADR | Reduce -13.8% | 0.36% | +0.02 |
| MA Mastercard Inc. Class A | Reduce -0.4% | 2.25% | +0.03 |
| V Visa Inc. Class A | Reduce -2.4% | 2.17% | +0.03 |
| EW Edwards Lifesciences Corp. | Reduce -3.6% | 0.65% | +0.04 |
| JPM JPMorgan Chase & Co. | Reduce -0.7% | 2.03% | +0.05 |
| MNST Monster Beverage Corp. | Reduce -3.4% | 1.00% | +0.10 |
| SPGI S&P Global Inc. | Reduce -0.6% | 1.62% | +0.12 |
| CRM Salesforce Inc. | Reduce -0.3% | 1.11% | +0.13 |
| MAR Marriott International Class A | Reduce -5.7% | 1.67% | +0.20 |
| GOOG Alphabet Inc. Class C | Reduce -0.6% | 8.16% | +1.87 |
Portfolio Buys Q3 2025 → Q4 2025
| AVGO Broadcom Inc. | New | 1.14% | +1.14 |
| WEC WEC Energy Group Inc. | New | 0.87% | +0.87 |
| AUGO Aura Minerals Inc. | New | 0.55% | +0.55 |
| INFY Infosys Ltd.-SP ADR | New | 0.54% | +0.54 |
| AAPL Apple Inc. | Add +0.4% | 5.91% | +0.46 |
| HDB HDFC Bank Ltd.-ADR | Add +31.2% | 1.36% | +0.40 |
| ISRG Intuitive Surgical Inc. | Add +0.1% | 1.60% | +0.35 |
| AMZN Amazon.com Inc. | Add +1.2% | 4.68% | +0.34 |
| NEE Nextera Energy Inc. | Add +3.5% | 1.53% | +0.16 |
| MCO Moody's Corp. | Add +2.6% | 1.49% | +0.15 |
| EL Estee Lauder Companies Class A | Add +1.6% | 0.49% | +0.09 |
| KO The Coca-Cola Co. | Add +0.6% | 1.23% | +0.08 |
| BAC Bank of America Corp. | Add +0.6% | 1.01% | +0.08 |
| ILMN Illumina Inc. | Add +0.0% | 0.27% | +0.08 |
| MSCI MSCI Inc. | Add +0.4% | 1.69% | +0.05 |
| PM Philip Morris International | Add +6.7% | 0.66% | +0.04 |
| VNET Vnet Group Inc.-ADR | Add +36.5% | 0.31% | +0.04 |
| MKC McCormick & Co.-Non VTG SHRS | Add +1.3% | 0.67% | +0.03 |
| YUM Yum! Brands Inc. | Add +1.4% | 1.03% | +0.02 |
| TRU Transunion | Add +0.1% | 0.57% | +0.02 |
| NOC Northrop Grumman Corp. | Add +8.3% | 0.78% | +0.02 |
| TECK Teck Resources Ltd.-CLS B | New | 0.01% | +0.01 |
| SBUX Starbucks Corp. | Add +0.9% | 0.58% | +0.01 |
| SBS Cia Saneamento Basico DE-ADR | Add +9.0% | 0.07% | +0.00 |
| SNPS Synopsys Inc. | Add +4.1% | 0.56% | +0.00 |
| HD Home Depot Inc. | Add +4.0% | 0.03% | −0.00 |
| LMT Lockheed Martin Corp. | Add +0.8% | 0.61% | −0.01 |
| GRAB Grab Holdings Ltd. Class A | Add +17.8% | 0.61% | −0.01 |
| BSX Boston Scientific Corp. | Add +0.3% | 1.34% | −0.01 |
| INTU Intuit Inc. | Add +0.9% | 2.56% | −0.02 |
| CCI Crown Castle Inc. | Add +2.7% | 0.53% | −0.02 |
| SYK Stryker Corp. | Add +1.7% | 1.53% | −0.03 |
| NKE Nike Inc. Class B | Add +1.0% | 0.59% | −0.04 |
| UNH Unitedhealth Group Inc. | Add +0.9% | 1.95% | −0.05 |
| VRSK Verisk Analytics Inc. | Add +6.4% | 1.13% | −0.05 |
| VRSN Verisign Inc. | Add +1.6% | 0.99% | −0.12 |
| ZTS Zoetis Inc. | Add +1.0% | 0.86% | −0.12 |
| CSGP Costar Group Inc. | Add +0.1% | 0.57% | −0.13 |
| VEEV Veeva Systems Inc. Class A | Add +0.1% | 0.60% | −0.19 |
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 |