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Ninety One North America, Inc.

13F for September 30, 2026, filed October 15, 2026 · SEC CIK 1633343 · Holdings history from December 31, 2014

Reported value
$2.1bn
87% in companies we cover
Positions we cover
96
Largest V 6.8%
Copy, a year
+11.1%
S&P 500 +13.4%
Copy Sharpe ratio
0.56
S&P 500 0.71

Copy-performance statistics: February 20, 2015 to November 2, 2026. Holdings history can start earlier than the price data used for performance.

Historical holdings

Holdings across the available history, including securities outside our stock coverage. Select a date to view the holdings for that period.

Related reporting managers

SEC notices identify these reporting relationships. Each manager retains its own holdings history; changes in reporting scope can involve several managers.

108 reported entries for September 30, 2026.

IssuerClass / typeReported valueQuantity
Abbott Laboratories002824100 · ABT Common Stock $3.0m 30,161
AECOM00766T100 · ACM Common Stock $4.8m 80,870
AerCap Holdings NVN00985106 · AER Common Stock $4.3m 30,137
AGCO Corp001084102 · AGCO Common Stock $9.0m 78,456
Alcon AGH01301128 · ALC Common Stock $16.6m 256,466
Align Technology Inc016255101 · ALGN Common Stock $22.6m 155,719
Allegion plcG0176J109 · ALLE Common Stock $11.1m 72,211
Alphabet Inc02079K305 · GOOGL Common Stock $90.2m 262,289
Amazon.com Inc023135106 · AMZN Common Stock $15.3m 61,248
Aon PLCG0403H108 · AON Common Stock $17.1m 61,934
Apple Inc037833100 · AAPL Common Stock $13.9m 41,854
Arthur J Gallagher & Co363576109 · AJG Common Stock $24,408 107
ASE Technology Holding Co Ltd00215W100 · ASX ADR $22.2m 498,331
AstraZeneca PLCG0593M107 · AZN Common Stock $10.5m 64,169
Autodesk Inc052769106 · ADSK Common Stock $53.4m 255,494
Automatic Data Processing Inc053015103 · ADP Common Stock $37.2m 143,966
Barrick Mining Corp06849F108 · B Common Stock $5.5m 135,374
BBB Foods IncG0896C103 · TBBB Common Stock $17.6m 334,172
Boeing Co/The097023105 · BA Common Stock $4.1m 22,260
Booking Holdings Inc09857L108 · BKNG Common Stock $68.1m 417,946
Broadcom Inc11135F101 · AVGO Common Stock $10.4m 29,686
Broadridge Financial Solutions Inc11133T103 · BR Common Stock $11,116 69
Canadian Pacific Kansas City Ltd13646K108 · CP Common Stock $13.5m 158,248
Check Point Software Technologies LtdM22465104 · CHKP Common Stock $24.1m 187,664
Chevron Corp166764100 · CVX Common Stock $4.6m 22,358
Chipotle Mexican Grill Inc169656105 · CMG Common Stock $2.0m 62,871
Citizens Financial Group Inc174610105 · CFG Common Stock $6.0m 93,524
CME Group Inc12572Q105 · CME Common Stock $25,675 98
Coca-Cola Co/The191216100 · KO Common Stock $39,683 461
Colgate-Palmolive Co194162103 · CL Common Stock $5.0m 58,603
Costco Wholesale Corp22160K105 · COST Common Stock $2.9m 3,204
Credicorp LtdG2519Y108 Common Stock $44.1m 116,216
CRH PLCG25508105 · CRH Common Stock $2.5m 30,572
Delta Air Lines Inc247361702 · DAL Common Stock $2.4m 28,232
Descartes Systems Group Inc/The249906108 · DSGX Common Stock $7.7m 95,269
Deutsche Bank AGD18190898 Common Stock $3.8m 103,739
Edwards Lifesciences Corp28176E108 · EW Common Stock $50.3m 582,170
Elevance Health Inc036752103 · ELV Common Stock $2.0m 5,170
Eli Lilly & Co532457108 · LLY Common Stock $5.8m 4,987
Estee Lauder Cos Inc/The518439104 · EL Common Stock $2.3m 24,474
ExxonMobil Holdings Corp30233Q108 · XOM Common Stock $7.9m 48,556
FactSet Research Systems Inc303075105 · FDS Common Stock $21.5m 79,523
FedEx Corp31428X106 · FDX Common Stock $4.2m 14,810
Ferrari NVN3167Y103 · RACE Common Stock $11.7m 29,821
Fomento Economico Mexicano SAB de CV344419106 ADR $26.9m 226,502
Freeport-McMoRan Inc35671D857 · FCX Common Stock $4.6m 65,211
Gaming and Leisure Properties Inc36467J108 · GLPI REIT $2.0m 51,609
General Motors Co37045V100 · GM Common Stock $5.3m 68,498
Gerdau SA373737105 ADR $38.8m 8,211,800
HDFC Bank Ltd40415F101 · HDB ADR $4.3m 193,653
ICICI Bank Ltd45104G104 ADR $31.3m 1,137,487
Illumina Inc452327109 · ILMN Common Stock $4.5m 16,418
Interactive Brokers Group Inc45841N107 · IBKR Common Stock $5.2m 60,896
Intercontinental Exchange Inc45866F104 · ICE Common Stock $3.2m 21,275
Intuit Inc461202103 · INTU Common Stock $44.5m 161,536
Invesco Senior Loan ETF46138G508 ETP $1.9m 95,415
iShares MSCI India ETF46429B598 ETP $33.4m 715,963
Jacobs Solutions Inc46982L108 · J Common Stock $3.3m 24,725
Johnson & Johnson478160104 · JNJ Common Stock $71.7m 270,748
JPMorgan Chase & Co46625H100 · JPM Common Stock $10.3m 31,011
KeyCorp493267108 · KEY Common Stock $2.6m 127,453
Kinross Gold Corp496902404 Common Stock $6.2m 258,646
Latam Airlines Group SA51817R205 ADR $31.4m 629,861
Laureate Education Inc518613203 · LAUR Common Stock $36.8m 964,909
Linde PLCG54950103 · LIN Common Stock $7.7m 16,297
Marsh & McLennan Cos Inc571748102 · MRSH Common Stock $68.6m 401,969
Mastercard Inc57636Q104 · MA Common Stock $35.3m 64,070
Meta Platforms Inc30303M102 · META Common Stock $8.2m 11,314
Microsoft Corp594918104 · MSFT Common Stock $116.4m 227,036
Mobility Global Inc60744M106 · MBGL Common Stock $1.1m 65,126
Monster Beverage Corp61174X109 · MNST Common Stock $35.6m 855,485
Moody's Corp615369105 · MCO Common Stock $27.2m 60,000
Motorola Solutions Inc620076307 · MSI Common Stock $44.6m 99,898
NetEase Inc64110W102 · NTES ADR $56.0m 462,048
New Oriental Education & Technology Group Inc647581206 · EDU ADR $21.7m 391,790
NextEra Energy Inc65339F101 · NEE Common Stock $7.9m 103,892
NVIDIA Corp67066G104 · NVDA Common Stock $31.4m 137,511
Otis Worldwide Corp68902V107 · OTIS Common Stock $11,321 176
Philip Morris International Inc718172109 · PM Common Stock $117.0m 613,326
Procter & Gamble Co/The742718109 · PG Common Stock $166,927 1,149
Ryanair Holdings PLC783513203 · RYAAY ADR $11.3m 205,437
S&P Global Inc78409V104 · SPGI Common Stock $27.3m 69,165
Sea Ltd81141R100 · SE ADR $9.7m 99,981
SK hynix Inc78392B206 ADR $15.4m 83,414
Solv Energy Inc78475V103 · MWH Common Stock $6.8m 283,807
STERIS PLCG8473T100 · STE Common Stock $11,761 56
Sysco Corp871829107 · SYY Common Stock $2.8m 35,987
Taiwan Semiconductor Manufacturing Co Ltd874039100 · TSM ADR $73.8m 161,824
Take-Two Interactive Software Inc874054109 · TTWO Common Stock $2.7m 13,191
TD SYNNEX Corp87162W100 · SNX Common Stock $5.7m 22,354
TE Connectivity PLCG87052109 · TEL Common Stock $12.5m 59,169
Tetra Tech Inc88162G103 · TTEK Common Stock $11.9m 362,377
Thermo Fisher Scientific Inc883556102 · TMO Common Stock $5.0m 7,390
TKO Group Holdings Inc87256C101 · TKO Common Stock $8.4m 46,897
Tradeweb Markets Inc892672106 Common Stock $1.9m 19,288
Trane Technologies PLCG8994E103 · TT Common Stock $10.0m 22,046
TransUnion89400J107 · TRU Common Stock $3.7m 61,072
Trimble Inc896239100 · TRMB Common Stock $7.0m 122,357
UBS Group AGH42097107 · UBS Common Stock $5.7m 117,577
UnitedHealth Group Inc91324P102 · UNH Common Stock $5.3m 14,374

Values use the units disclosed in the source. Where a dollar scale cannot be established, the original amount is shown as filed. Rows may include separate allocations, options and principal amounts; these are kept separate from the covered-stock portfolio used for performance.

How copying its 13F would have done

$10.0k$20.0k$40.0k 201520172019202120232025 $43.5k$34.3k
CopyS&P 500 $10,000 copying Ninety One North America, Inc.'s usable filed holdings in companies we cover from February 20, 2015, rebalancing at the first weekly close after each usable filing and holding until the next, against the S&P 500 (total return). Missing prices carry their last observed value. Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −31.9% (S&P 500 −31.8%); beta 0.99; alpha −1.7% a year (t = −0.86); last 12 months +3.5% against +12.1%.

Reported value by quarter

Ninety One North America, Inc.: 13F reported value Total reported value where the source's dollar units can be established. Earlier filings in thousands of dollars are converted; dates with unresolved value units are omitted.
$0 $2B $4B $6B Reported value, 2014-12-31: $340.9M Reported value, 2015-03-31: $322.2M Reported value, 2015-06-30: $311.5M Reported value, 2015-09-30: $395.7M Reported value, 2015-12-31: $565.3M Reported value, 2016-03-31: $601.5M Reported value, 2016-06-30: $679.2M Reported value, 2016-09-30: $745.2M Reported value, 2016-12-31: $667.9M Reported value, 2017-03-31: $529.8M Reported value, 2017-06-30: $545.4M Reported value, 2017-09-30: $591.3M Reported value, 2017-12-31: $629.6M Reported value, 2018-03-31: $1.3B Reported value, 2018-06-30: $1.4B Reported value, 2018-09-30: $1.2B Reported value, 2018-12-31: $938.6M Reported value, 2019-03-31: $1.1B Reported value, 2019-06-30: $1.1B Reported value, 2019-09-30: $1.1B Reported value, 2019-12-31: $1.2B Reported value, 2020-03-31: $1.2B Reported value, 2020-06-30: $962.6M Reported value, 2020-09-30: $913.1M Reported value, 2020-12-31: $1.6B Reported value, 2021-03-31: $1.7B Reported value, 2021-06-30: $2.1B Reported value, 2021-09-30: $2.2B Reported value, 2021-12-31: $2.9B Reported value, 2022-03-31: $2.7B Reported value, 2022-06-30: $2.3B Reported value, 2022-09-30: $2.1B Reported value, 2022-12-31: $2B Reported value, 2023-03-31: $2.2B Reported value, 2023-06-30: $2.4B Reported value, 2023-09-30: $2B Reported value, 2023-12-31: $2B Reported value, 2024-03-31: $2.1B Reported value, 2024-06-30: $2B Reported value, 2024-09-30: $1.5B Reported value, 2024-12-31: $1.6B Reported value, 2025-03-31: $1.5B Reported value, 2025-06-30: $2B Reported value, 2025-09-30: $4.4B Reported value, 2025-12-31: $2.5B Reported value, 2026-03-31: $2.2B Reported value, 2026-06-30: $2.1B Reported value, 2026-09-30: $2.1B 2014-12-31 2017-06-30 2019-12-31 2022-06-30 2026-09-30 $2.1B
View chart data
Period Reported value
2014-12-31 $340.9M
2015-03-31 $322.2M
2015-06-30 $311.5M
2015-09-30 $395.7M
2015-12-31 $565.3M
2016-03-31 $601.5M
2016-06-30 $679.2M
2016-09-30 $745.2M
2016-12-31 $667.9M
2017-03-31 $529.8M
2017-06-30 $545.4M
2017-09-30 $591.3M
2017-12-31 $629.6M
2018-03-31 $1.3B
2018-06-30 $1.4B
2018-09-30 $1.2B
2018-12-31 $938.6M
2019-03-31 $1.1B
2019-06-30 $1.1B
2019-09-30 $1.1B
2019-12-31 $1.2B
2020-03-31 $1.2B
2020-06-30 $962.6M
2020-09-30 $913.1M
2020-12-31 $1.6B
2021-03-31 $1.7B
2021-06-30 $2.1B
2021-09-30 $2.2B
2021-12-31 $2.9B
2022-03-31 $2.7B
2022-06-30 $2.3B
2022-09-30 $2.1B
2022-12-31 $2B
2023-03-31 $2.2B
2023-06-30 $2.4B
2023-09-30 $2B
2023-12-31 $2B
2024-03-31 $2.1B
2024-06-30 $2B
2024-09-30 $1.5B
2024-12-31 $1.6B
2025-03-31 $1.5B
2025-06-30 $2B
2025-09-30 $4.4B
2025-12-31 $2.5B
2026-03-31 $2.2B
2026-06-30 $2.1B
2026-09-30 $2.1B

Latest covered holdings and moves

Covered holdings as of September 30, 2026.

CompanyShare of portfolioValueSharesChange in shares
VVisa Inc.6.78%$144.1m401.1K−6.4% Reduced
PMPhilip Morris International5.50%$117.0m613.3K−12.0% Reduced
MSFTMicrosoft Corporation5.48%$116.4m227.0K−5.6% Reduced
GOOGLAlphabet Inc. (Class A)4.24%$90.2m262.3K−5.2% Reduced
TSMTaiwan Semiconductor Manufacturing Co LTD3.47%$73.8m161.8K+63.6% Added
JNJJohnson & Johnson3.37%$71.7m270.7K−5.3% Reduced
MRSHMarsh McLennan3.23%$68.6m402.0K+34.5% Added
BKNGBooking Holdings3.20%$68.1m417.9K−6.2% Reduced
NTESNetease, Inc.2.63%$56.0m462.0K−4.9% Reduced
ADSKAutodesk, Inc.2.51%$53.4m255.5K−8.6% Reduced
EWEdwards Lifesciences2.36%$50.3m582.2K−5.6% Reduced
MSIMotorola Solutions2.10%$44.6m99.9K−6.2% Reduced
INTUIntuit2.10%$44.5m161.5K−6.2% Reduced
VRSNVerisign Inc1.97%$41.9m148.5K−5.7% Reduced
XPXP Inc.1.82%$38.7m1.84M+1.2% Added
ADPAutomatic Data Processing1.75%$37.2m144.0K−6.2% Reduced
LAURLaureate Education, Inc.1.73%$36.8m964.9K+1.5% Added
MNSTMonster Beverage1.67%$35.6m855.5K+87.7% Added
MAMastercard1.66%$35.3m64.1K−39.7% Reduced
NVDANVIDIA Corporation1.48%$31.4m137.5K−6.2% Reduced
SPGIS&P Global1.28%$27.3m69.2K+1.8% Added
MCOMoody's Corporation1.28%$27.2m60.0K−6.4% Reduced
CHKPCheck Point Software Technologies LTD1.13%$24.1m187.7K−6.2% Reduced
ALGNAlign Technology1.06%$22.6m155.7K−6.2% Reduced
ASXASE Technology Holding Co., Ltd.1.04%$22.2m498.3K+9.7% Added
EDUNew Oriental Education & Technology Group Inc.1.02%$21.7m391.8KNew
FDSFactset Research Systems Inc1.01%$21.5m79.5K−6.2% Reduced
TBBBBBB Foods Inc0.83%$17.6m334.2KNew
AONAon plc0.81%$17.1m61.9K−43.0% Reduced
ALCAlcon Inc0.78%$16.6m256.5K−44.5% Reduced
AMZNAmazon0.72%$15.3m61.2K0.0%
AAPLApple Inc.0.66%$13.9m41.9K−6.2% Reduced
CPCanadian Pacific Kansas City LTD0.64%$13.5m158.2K−22.9% Reduced
TELTE Connectivity0.59%$12.5m59.2K−22.4% Reduced
TTEKTetra Tech Inc0.56%$11.9m362.4K−25.4% Reduced
RACEFerrari N.V.0.55%$11.7m29.8K+184.7% Added
RYAAYRyanair Holdings PLC0.53%$11.3m205.4K+12.6% Added
ALLEAllegion0.52%$11.1m72.2K−44.5% Reduced
VMIValmont Industries Inc0.51%$10.8m23.3K−16.6% Reduced
AZNAstrazeneca PLC0.49%$10.5m64.2K−48.0% Reduced
AVGOBroadcom0.49%$10.4m29.7K−20.9% Reduced
JPMJPMorgan Chase0.48%$10.3m31.0K0.0%
WMWaste Management0.48%$10.1m49.7K−8.3% Reduced
TTTrane Technologies0.47%$10.0m22.0K−22.4% Reduced
SESea Ltd0.46%$9.7m100.0KNew
AGCOAGCO Corp0.42%$9.0m78.5K−22.4% Reduced
TKOTKO Group Holdings0.40%$8.4m46.9K0.0%
METAMeta Platforms0.39%$8.2m11.3K+55.4% Added
XOMExxonMobil0.37%$7.9m48.6KNew
NEENextEra Energy0.37%$7.9m103.9K−45.4% Reduced
LINLinde plc0.36%$7.7m16.3K−32.4% Reduced
DSGXDescartes Systems Group Inc0.36%$7.7m95.3K−22.4% Reduced
TRMBTrimble Inc.0.33%$7.0m122.4K−0.4%
MWHSolv Energy, Inc.0.32%$6.8m283.8K+317.4% Added
CFGCitizens Financial Group0.28%$6.0m93.5K0.0%
LLYLilly (Eli)0.27%$5.8m5.0K−25.4% Reduced
SNXTD Synnex Corp0.27%$5.7m22.4K+24.0% Added
UBSUBS Group AG0.27%$5.7m117.6K0.0%
BBarrick Mining Corp0.26%$5.5m135.4K0.0%
UNHUnitedHealth Group0.25%$5.3m14.4K+24.8% Added
GMGeneral Motors0.25%$5.3m68.5K0.0%
IBKRInteractive Brokers0.24%$5.2m60.9K0.0%
CLColgate-Palmolive0.23%$5.0m58.6K0.0%
TMOThermo Fisher Scientific0.23%$5.0m7.4K0.0%
ACMAecom0.22%$4.8m80.9K−22.4% Reduced
CVXChevron Corporation0.21%$4.6m22.4K0.0%
FCXFreeport-McMoRan0.21%$4.6m65.2K0.0%
ILMNIllumina, Inc.0.21%$4.5m16.4KNew
HDBHdfc Bank LTD0.20%$4.3m193.7K+8.0% Added
AERAercap Holdings N.V.0.20%$4.3m30.1K+17.1% Added
FDXFedEx0.20%$4.2m14.8KNew
BABoeing0.20%$4.1m22.3K0.0%
TRUTransunion0.18%$3.7m61.1K+15.9% Added
JJacobs Solutions0.16%$3.3m24.7K−42.7% Reduced
ICEIntercontinental Exchange0.15%$3.2m21.3K−5.9% Reduced
ABTAbbott Laboratories0.14%$3.0m30.2K−26.2% Reduced
COSTCostco0.14%$2.9m3.2K−30.7% Reduced
SYYSysco0.13%$2.8m36.0KNew
TTWOTake TWO Interactive Software Inc0.13%$2.7m13.2K0.0%
KEYKeyCorp0.12%$2.6m127.5K0.0%
CRHCRH plc0.12%$2.5m30.6K0.0%
DALDelta Air Lines0.11%$2.4m28.2K−32.3% Reduced
ELThe Estée Lauder Companies0.11%$2.3m24.5KNew
ELVElevance Health0.10%$2.0m5.2K0.0%
CMGChipotle Mexican Grill0.09%$2.0m62.9KNew
GLPIGaming & Leisure Properties, Inc.0.09%$2.0m51.6K0.0%
VIKViking Holdings Ltd0.08%$1.6m20.8KNew
MBGLMobility Global Inc.0.05%$1.1m65.1KNew
ZZillow Group, Inc.0.02%$386,49414.2K−74.6% Reduced
PGProcter & Gamble0.01%$166,9271.1K−83.0% Reduced
KOThe Coca-Cola Company0.00%$39,683461−83.0% Reduced
CMECME Group0.00%$25,67598−83.1% Reduced
AJGArthur J. Gallagher & Co.0.00%$24,408107−83.0% Reduced
STESteris0.00%$11,76156−82.9% Reduced
OTISOtis Worldwide0.00%$11,321176−83.0% Reduced
BRBroadridge Financial Solutions0.00%$11,11669−83.0% Reduced
CompanyBought (value)Shares
TSMTaiwan Semiconductor Manufacturing Co LTD$28.7m62.9K
EDUNew Oriental Education & Technology Group Inc.$21.7m391.8K
MRSHMarsh McLennan$17.6m103.2K
TBBBBBB Foods Inc$17.6m334.2K
MNSTMonster Beverage$16.6m399.6K
SESea Ltd$9.7m100.0K
XOMExxonMobil$7.9m48.6K
RACEFerrari N.V.$7.6m19.3K
MWHSolv Energy, Inc.$5.2m215.8K
ILMNIllumina, Inc.$4.5m16.4K
FDXFedEx$4.2m14.8K
METAMeta Platforms$2.9m4.0K
SYYSysco$2.8m36.0K
ELThe Estée Lauder Companies$2.3m24.5K
CMGChipotle Mexican Grill$2.0m62.9K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
NUNu Holdings Ltd.−$32.6m−2.44M
MAMastercard−$23.2m−42.1K
PMPhilip Morris International−$16.0m−83.8K
ALCAlcon Inc−$13.3m−205.6K
AONAon plc−$12.9m−46.7K
VVisa Inc.−$9.9m−27.5K
AZNAstrazeneca PLC−$9.7m−59.3K
ALLEAllegion−$8.9m−57.9K
MSFTMicrosoft Corporation−$6.9m−13.5K
NEENextEra Energy−$6.5m−86.5K
ADSKAutodesk, Inc.−$5.0m−23.9K
GOOGLAlphabet Inc. (Class A)−$4.9m−14.4K
BKNGBooking Holdings−$4.5m−27.4K
TTEKTetra Tech Inc−$4.1m−123.4K
CPCanadian Pacific Kansas City LTD−$4.0m−46.9K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
NUNu Holdings Ltd.$32.6m2.44M
GSGoldman Sachs$3.6m3.5K
BSXBoston Scientific$2.3m54.9K
QCOMQualcomm$1.3m7.0K
PLNTPlanet Fitness, Inc.$857,15416.4K
EFXEquifax$78,091492
JKHYJack Henry & Associates Inc$22,728165
  • Technology27.6%
  • Financials22.6%
  • Health Care10.7%
  • Consumer Staples9.9%
  • Communication Services9.5%
  • Consumer Discretionary8.8%
  • Industrials8.6%
  • Materials1.1%
  • Energy0.7%
  • Utilities0.4%
  • Real Estate0.1%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestFebruary 20, 2015 to November 2, 2026+11.1%+13.4%0.560.71−31.9%0.99
2018 onwardsJanuary 5, 2018 to November 2, 2026+10.4%+13.9%0.470.66−31.9%0.97
Last three yearsNovember 3, 2023 to November 2, 2026+12.8%+21.8%0.641.16−14.3%0.77
Last yearNovember 7, 2025 to November 2, 2026+5.0%+14.2%0.140.84−14.3%0.73

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.