Ninety One North America, Inc.

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Ninety One North America, Inc. maintained a portfolio of 108 distinct positions. The most significant new addition to the portfolio was Alcon AG, which now represents 2.36% of the total fund value. They heavily accumulated shares in Visa Inc, increasing their position by 1.5%. Conversely, Ninety One North America, Inc. completely exited their position in Sea Ltd.
PCA Score Concentration Risk
Risk ENB
Total Positions
108
Quarter
2025 Q4
Top Holding
V (6.2%)
Top 10 Concentration
41.7%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 108
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
V
Visa Inc
Financial Services 6.23% 6.88% #1
Prev: #1
5.0 6,359 1.5%
P
S
438,344 $153,731,626 2017 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
Alphabet Inc
Communication Services 5.41% 4.24% #2 3
Prev: #5
5.7 52,560 14.1%
P
S
426,416 $133,468,209 2016 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
Microsoft Corp
Technology 5.04% 6.61% #3 1
Prev: #2
3.5 -16,494 -6.0%
P
S
257,310 $124,440,266 2014 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PM
Philip Morris I...
Consumer Defensive 4.59% 5.25% #4 1
Prev: #3
2.8 11,667 1.7%
P
S
706,366 $113,301,111 2015 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MA
Mastercard Inc
Financial Services 3.81% 3.83% #5 3
Prev: #8
4.0 20,231 14.0%
P
S
164,735 $94,043,920 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ADSK
Autodesk Inc
Technology 3.65% 4.39% #6 2
Prev: #4
2.0 7,943 2.7%
P
S
304,051 $90,002,141 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BKNG
Booking Holding...
Consumer Cyclical 3.47% 3.96% #7
Prev: #7
1.9 276 1.8%
P
S
16,005 $85,712,060 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ICLR
ICON PLC
Healthcare 3.36% 3.61% #8 1
Prev: #9
1.8 12,552 2.8%
P
S
455,399 $82,982,811 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TSM
Taiwan Semicond...
Technology 3.17% 3.98% #9 3
Prev: #6
1.8 -48,872 -16.0%
P
S
257,068 $78,120,399 2014 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
INTU
Intuit Inc
Technology 2.92% 3.40% #10 1
Prev: #11
1.7 1,927 1.8%
P
S
108,831 $72,091,833 2017 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NTES
NetEase Inc
Communication Services 2.79% 3.43% #11 1
Prev: #10
1.6 16,496 3.4%
P
S
500,241 $68,843,169 2014 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
EA
Electronic Arts...
Communication Services 2.75% 3.04% #12 1
Prev: #13
1.6 9,594 3.0%
P
S
332,602 $67,960,569 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AON
Aon PLC
Financial Services 2.52% 2.42% #13 1
Prev: #14
3.5 31,178 21.5%
P
S
176,485 $62,278,031 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
INDA
iShares MSCI In...
ETF 2.43% 2.07% #14 3
Prev: #17
3.5 253,452 29.7%
P
S
1,107,777 $59,875,348 2014 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ALC
Alcon AG
Healthcare 2.36% #15
Prev: #—
4.4 728,305 no change
NEW
728,305 $58,172,476 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
JNJ
Johnson & Johns...
Healthcare 2.33% 2.08% #16
Prev: #16
2.9 37,482 15.6%
P
S
278,252 $57,584,255 2014 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MMC
Marsh & McLenna...
Financial Services 2.01% 0.92% #17 18
Prev: #35
3.8 169,199 172.6%
P
S
267,244 $49,579,108 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
EW
Edwards Lifesci...
Healthcare 1.96% 2.00% #18 1
Prev: #19
1.3 16,545 3.0%
P
S
567,944 $48,417,229 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BAP
Credicorp Ltd
Financial Services 1.94% 1.88% #19 2
Prev: #21
2.8 14,994 9.9%
P
S
166,814 $47,875,620 2016 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NU
NU Holdings Ltd...
Financial Services 1.87% 1.68% #20 3
Prev: #23
3.2 506,004 22.5%
P
S
2,755,386 $46,125,165 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
VALE
Vale SA
Basic Materials 1.78% 1.71% #21 1
Prev: #22
1.2 -15,803 -0.5%
P
S
3,361,779 $43,803,984 2017 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ADP
Automatic Data ...
Technology 1.70% 2.22% #22 7
Prev: #15
1.2 559 0.3%
P
S
162,873 $41,895,824 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MSI
Motorola Soluti...
Technology 1.68% 1.23% #23 7
Prev: #30
3.7 50,522 87.3%
P
S
108,400 $41,551,890 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
VRSN
VeriSign Inc
Technology 1.57% 2.01% #24 6
Prev: #18
1.1 5,043 3.3%
P
S
158,934 $38,613,017 2017 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CHKP
Check Point Sof...
Technology 1.53% 1.93% #25 5
Prev: #20
1.1 3,605 1.8%
P
S
203,646 $37,788,553 2014 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SE
Sea Ltd
Consumer Cyclical 0.00% 3.10%
Sold All 😨
(Was: #12)
0.0 -372,502 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MELI
MercadoLibre In...
Consumer Cyclical 0.00% 0.52%
Sold All 😨
(Was: #43)
0.0 -4,743 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
UAE
iShares MSCI UA...
ETF 0.00% 0.24%
Sold All 😨
(Was: #49)
0.0 -269,635 -100.0%
CLOSED
$— 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ERJ
Embraer SA
Unknown 0.00% 0.21%
Sold All 😨
(Was: #51)
0.0 -72,962 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ACN
Accenture PLC
Technology 0.00% 0.05%
Sold All 😨
(Was: #53)
0.0 -4,655 -100.0%
CLOSED
$— 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SRLN
SPDR Blackstone...
ETF 0.00% 0.04%
Sold All 😨
(Was: #55)
0.0 -21,718 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 108 holdings

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