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Ninety One North America, Inc.

65 E 55TH ST 30TH FLOOR, NEW YORK, NY 10022 • 917-206-5179

Q2 2025 · Filed 2025-07-18
Market Value
$2.0B
+36.6%
Holdings
68
-4
New Purchases
1
Added To
35
Closed
4
Reduced
26
Top 10 Concentration
47.4%
Turnover
7.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 6.77% 4.68% +2.09% $137M
AON 2.03% 0.20% +1.82% $41M
INTU 4.17% 3.01% +1.15% $84M
BKNG 4.51% 3.43% +1.08% $91M
NTES 3.22% 2.21% +1.01% $65M
GOOGL 3.26% 2.66% +0.60% $66M
ADSK 4.48% 3.92% +0.56% $91M
CPNG 1.63% 1.21% +0.42% $33M
STNE 0.37% 0.00% +0.37% $8M
EA 2.55% 2.21% +0.34% $52M
V 7.62% 7.32% +0.30% $154M
ALGN 1.30% 1.02% +0.28% $26M
EW 1.86% 1.61% +0.25% $38M
MNST 1.62% 1.45% +0.17% $33M
MCO 1.60% 1.44% +0.17% $32M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MA 3.64% 4.89% -1.25% $74M
KT 0.00% 1.23% -1.23% $0
ICLR 3.09% 4.21% -1.12% $62M
ACN 1.66% 2.39% -0.74% $34M
VALE 1.20% 1.81% -0.62% $24M
WM 0.46% 1.07% -0.61% $9M
VRSN 2.99% 3.58% -0.59% $60M
SE 2.64% 3.17% -0.53% $53M
FMX 1.13% 1.59% -0.45% $23M
ANSS 0.00% 0.41% -0.41% $0
INDA 1.64% 2.02% -0.38% $33M
NEE 1.14% 1.52% -0.38% $23M
BAP 2.29% 2.64% -0.35% $46M
PM 6.25% 6.56% -0.31% $126M
MMYT 0.98% 1.27% -0.28% $20M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 29.1%
Technology 25.0%
Healthcare 11.7%
Communication Services 8.9%
Consumer Defensive 7.3%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 10 $672M 33.2%
Large Cap 45 $1.1B 54.5%
Mid Cap 13 $248M 12.3%

Portfolio Analytics

Avg Market Cap
$235.4B
Median Market Cap
$56.3B
Avg P/E
27.9
Median P/E
24.7
Avg Dividend Yield
0.02%
Avg Beta
0.83
# Stocks
65
# ETFs / Funds
3

Top Holdings (68 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 V 7.62% 433,639 $154M $355.05 $46M +124,674 +40.4%
2 MSFT 6.77% 275,263 $137M $497.41 $68M +90,713 +49.1%
3 PM 6.25% 693,502 $126M $182.13 $29M +82,290 +13.5%
4 BKNG 4.51% 15,729 $91M $5,789.24 $40M +4,723 +42.9%
5 ADSK 4.48% 292,722 $91M $309.57 $33M +71,160 +32.1%
6 INTU 4.17% 106,904 $84M $787.63 $40M +34,261 +47.2%
7 MA 3.64% 130,843 $74M $561.94 $1M -1,186 -0.9%
8 TSM 3.50% 312,406 $71M $226.49 $16M -17,555 -5.3%
9 GOOGL 3.26% 373,856 $66M $176.23 $27M +119,806 +47.2%
10 NTES 3.22% 483,745 $65M $134.58 $32M +166,432 +52.5%
11 ICLR 3.09% 428,851 $62M $145.45 $96K +72,945 +20.5%
12 VRSN 2.99% 209,095 $60M $288.80 $7M +576 +0.3%
13 SE 2.64% 333,615 $53M $159.94 $6M -26,044 -7.2%
14 EA 2.55% 323,008 $52M $159.70 $19M +96,706 +42.7%
15 ADP 2.52% 165,286 $51M $308.40 $14M +43,125 +35.3%
16 BAP 2.29% 206,849 $46M $223.52 $7M -2,691 -1.3%
17 CHKP 2.19% 200,041 $44M $221.25 $13M +62,894 +45.9%
18 AON 2.03% 114,785 $41M $356.76 $38M +107,302 +1433.9%
19 FDS 1.87% 84,686 $38M $447.28 $11M +25,344 +42.7%
20 EW 1.86% 480,382 $38M $78.21 $14M +152,668 +46.6%
21 JNJ 1.82% 240,770 $37M $152.75 $9M +71,549 +42.3%
22 SPGI 1.79% 68,511 $36M $527.29 $12M +20,232 +41.9%
23 ACN 1.66% 112,136 $34M $298.89 -$2M -1,378 -1.2%
24 INDA 1.64% 596,188 $33M $55.68 $3M +14,525 +2.5%
25 CPNG 1.63% 1,100,228 $33M $29.96 $15M +284,141 +34.8%
26 MNST 1.62% 522,726 $33M $62.64 $11M +157,251 +43.0%
27 MCO 1.60% 64,583 $32M $501.59 $11M +18,994 +41.7%
28 TX 1.52% 1,023,049 $31M $30.10 $5M +194,174 +23.4%
29 ALGN 1.30% 139,133 $26M $189.33 $11M +44,135 +46.5%
30 VIST 1.30% 548,201 $26M $47.81 $7M +143,249 +35.4%
31 VALE 1.20% 2,491,368 $24M $9.71 -$3M -196,743 -7.3%
32 NEE 1.14% 330,510 $23M $69.42 $522K +14,216 +4.5%
33 FMX 1.13% 222,042 $23M $102.98 -$593K -18,366 -7.6%
34 MMC 1.06% 98,045 $21M $218.64 $5M +31,368 +47.0%
35 MMYT 0.98% 202,881 $20M $98.02 $1M +11,672 +6.1%
36 MSI 0.93% 44,915 $19M $420.46 $5M +13,475 +42.9%
37 TEL 0.87% 103,777 $18M $168.67 $3M +2,675 +2.6%
38 MELI 0.79% 6,094 $16M $2,613.63 $6M +1,080 +21.5%
39 ACM 0.73% 131,494 $15M $112.86 $3M +6,689 +5.4%
40 TTEK 0.68% 384,789 $14M $35.96 $3M +19,063 +5.2%
41 WM 0.46% 40,900 $9M $228.82 -$6M -27,521 -40.2%
42 IBN 0.45% 272,058 $9M $33.64 $470K -3,388 -1.2%
43 HDB 0.43% 113,162 $9M $76.67 $4M +44,398 +64.6%
44 STNE 0.37% 472,365 $8M $16.04 +472,365 NEW
45 PG 0.28% 35,899 $6M $159.32 -$2M -6,508 -15.3%
46 ERJ 0.25% 88,624 $5M $56.91 $1M +4,173 +4.9%
47 FTI 0.18% 105,634 $4M $34.44 $187K -3,251 -3.0%
48 ASX 0.14% 272,528 $3M $10.33 $262K -18,902 -6.5%
49 ICE 0.08% 8,582 $2M $183.47 -$174K -1,556 -15.3%
50 ABT 0.06% 8,867 $1M $136.01 -$183K -1,607 -15.3%
51 AJG 0.05% 3,328 $1M $320.12 -$292K -603 -15.3%
52 KO 0.05% 14,412 $1M $70.75 -$200K -2,613 -15.3%
53 CME 0.04% 3,075 $848K $275.62 -$116K -557 -15.3%
54 ROP 0.04% 1,429 $810K $566.84 -$185K -259 -15.3%
55 BDX 0.04% 4,289 $739K $172.25 -$422K -777 -15.3%
56 UNH 0.03% 2,204 $688K $311.97 -$676K -400 -15.4%
57 EFX 0.03% 2,610 $677K $259.37 -$74K -473 -15.3%
58 SRLN 0.03% 15,970 $664K $41.59 $7K
59 OTIS 0.03% 5,494 $544K $99.02 -$126K -996 -15.3%
60 BR 0.03% 2,148 $522K $243.03 -$93K -390 -15.4%
61 BKLN 0.02% 20,000 $418K $20.92 $4K
62 STE 0.02% 1,737 $417K $240.22 -$48K -315 -15.3%
63 ZTS 0.02% 2,396 $374K $155.95 -$92K -434 -15.3%
64 JKHY 0.01% 876 $158K $180.17 -$31K -159 -15.4%
65 BN —% -$4M -79,487 -100.0% SOLD
66 ANSS —% -$6M -19,263 -100.0% SOLD
67 KT —% -$18M -1,027,760 -100.0% SOLD
68 TMO —% -$1M -2,205 -100.0% SOLD

New Positions

SymbolValue% Port
STNE $8M 0.37%

Sold Out Positions

SymbolValue% Port
BN —%
KT —%
TMO —%
ANSS —%
View SEC EDGAR Filings for Ninety One North America, Inc. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms