13F filer · CIK 1418329 ↗

Ninety One UK Ltd

You are looking at Q4 2016. See the latest, Q3 2026 →

Reported value

$19.15B

−6.7% on the quarter before

Positions

305

43 new · 38 sold out

Top 10

21.4%

of the value

Est. gain

+$426.6M

on stocks held all quarter

Est. return

+2.5%

on those stocks since Q3 2016

Filed

Feb 10, 2017

On SEC EDGAR ↗

Positions as of Dec 31, 2016, from Ninety One UK Ltd's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.

Portfolio at a glance

New
Added
Cut
Same
Options

The 24 largest positions, 40% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2016. Striped tiles are options.

Johnson & Johnson3.5%

Citigroup Inc3.4%

Priceline Group Inc/The2.1%

Microsoft2.1%

Unitedhealth Group Inc2.0%

Pepsico Inc1.8%

PayPal1.7%Alibaba1.6%Alphabet1.6%

Cbs Corp1.6%

Activision Blizzard Inc1.6%

Cme Group Inc/Il1.5%

Visa Inc.1.4%

Valero Energy Corp1.4%

Canadian Imperial Bank Of Comm1.4%

Lam Research1.3%AT&T1.3%

Ebay Inc1.3%

Carnival Corp1.3%

Pfizer Inc1.3%

Colgate-Palmolive Co1.2%

Bank Of New York Mellon Corp1.2%

Cisco1.2%

Zimmer Holdings Inc1.1%

Johnson & Johnson3.5%

Citigroup Inc3.4%

Priceline Group Inc/The2.1%

Microsoft2.1%

Unitedhealth Group Inc2.0%

Pepsico Inc1.8%

PayPal1.7%Alibaba1.6%Alphabet1.6%

Cbs Corp1.6%

Activision Blizzard Inc1.6%

Cme Group Inc/Il1.5%

Visa Inc.1.4%

Valero Energy Corp1.4%

Canadian Imperial Bank Of Comm1.4%

Lam Research1.3%AT&T1.3%

Ebay Inc1.3%

Carnival Corp1.3%

Pfizer Inc1.3%

Colgate-Palmolive Co1.2%

Bank Of New York Mellon Corp1.2%

Cisco1.2%

Zimmer Holdings Inc1.1%

Largest buys

Since Q3 2016, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.

Amazon~$161.3MNew · 0.0% → 0.8%+215,053 shares
Carlisle Cos Inc~$158.2MNew · 0.0% → 0.8%+1,434,703 shares
Cbs Corp~$92.1MAdded · 0.9% → 1.6%+1,447,499 shares
Danaher Corp~$87.4MAdded · 0.5% → 1.0%+1,122,718 shares
Tiffany & Co~$85.6MNew · 0.0% → 0.4%+1,104,889 shares
Vmware Inc~$85.2MAdded · 0.6% → 1.1%+1,082,314 shares
Unum Group~$84.6MNew · 0.0% → 0.4%+1,926,315 shares
Carnival Corp~$75.5MAdded · 0.8% → 1.3%+1,449,738 shares
Hologic Inc~$68.3MNew · 0.0% → 0.4%+1,701,348 shares
Helmerich & Payne Inc~$65.8MAdded · 0.3% → 0.7%+850,576 shares

Largest sells

Since Q3 2016, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.

Nxp Semiconductor Nv~$297.2MSold out · 1.4% → 0.0%−2,913,657 shares
Check Point Software Technolog~$223.2MSold out · 1.1% → 0.0%−2,876,280 shares
Medtronic Plc~$222.5MSold out · 1.1% → 0.0%−2,574,899 shares
Johnson Controls International~$200.8MSold out · 1.0% → 0.0%−4,314,991 shares
Amdocs Ltd~$192.2MSold out · 0.9% → 0.0%−3,321,814 shares
Broadcom Ltd~$191.0MSold out · 0.9% → 0.0%−1,107,051 shares
Honeywell Technologies~$144.1MCut · 1.5% → 0.8%−1,244,002 shares
Celanese Corp~$132.4MCut · 0.5% → 0.0%−1,683,279 shares
Servicemaster Global Holdings~$111.7MSold out · 0.5% → 0.0%−3,316,355 shares
AT&T~$100.5MCut · 1.6% → 1.3%−2,362,681 shares

Holdings

As of Dec 31, 2016. Changes are in shares against Sep 30, 2016, so a price move alone never reads as a buy or a sale.

Positions, sorted by share of the portfolio
#	Holding		% prev	Value	Shares		Price	Prev price
1	Johnson & JohnsonCommon Stock · shares +0.1% · price −2.5%	3.5%	3.3%	$669.4M	5.8M	+0.1%	$115.21	$118.13	−2.5%	−$16.9M
2	Citigroup IncCommon Stock · shares −0.3% · price +25.8%	3.4%	2.5%	$656.2M	11.0M	−0.3%	$59.43	$47.23	+25.8%	+$134.7M
3	Priceline Group Inc/TheCommon Stock · shares +4.4% · price −0.4%	2.1%	1.9%	$405.6M	276,683	+4.4%	$1,466.06	$1,471.49	−0.4%	−$1.4M
4	MicrosoftCommon Stock · shares +1.0% · price +7.9%	2.1%	1.8%	$393.9M	6.3M	+1.0%	$62.14	$57.60	+7.9%	+$28.5M
5	Unitedhealth Group IncCommon Stock · shares −18% · price +14.3%	2.0%	2.0%	$389.5M	2.4M	−18%	$160.04	$140.00	+14.3%	+$48.8M
6	Pepsico IncCommon Stock · shares +0.09% · price −3.8%	1.8%	1.7%	$341.1M	3.3M	+0.09%	$104.63	$108.77	−3.8%	−$13.5M
7	PayPalCommon Stock · shares +0.7% · price −3.7%	1.7%	1.7%	$332.4M	8.4M	+0.7%	$39.47	$40.97	−3.7%	−$12.5M
8	AlibabaADR · shares +19% · price −17.0%	1.6%	1.5%	$310.2M	3.5M	+19%	$87.81	$105.79	−17.0%	−$53.3M
9	AlphabetCommon Stock · shares −3.5% · price −1.4%	1.6%	1.5%	$302.5M	381,719	−3.5%	$792.45	$804.06	−1.4%	−$4.4M
10	Cbs CorpCommon Stock · shares +44% · price +16.2%	1.6%	0.87%	$299.5M	4.7M	+44%	$63.62	$54.74	+16.2%	+$29.0M
11	Activision Blizzard IncCommon Stock · shares +2.6% · price −18.5%	1.6%	1.7%	$297.0M	8.2M	+2.6%	$36.11	$44.30	−18.5%	−$65.7M
12	Cme Group Inc/IlCommon Stock · shares −1.2% · price +10.4%	1.5%	1.3%	$287.1M	2.5M	−1.2%	$115.35	$104.52	+10.4%	+$27.0M
13	Visa Inc.Common Stock · shares +4.1% · price −5.7%	1.4%	1.3%	$269.0M	3.4M	+4.1%	$78.02	$82.70	−5.7%	−$15.5M
14	Valero Energy CorpCommon Stock · shares −6.3% · price +28.9%	1.4%	1.1%	$261.6M	3.8M	−6.3%	$68.32	$53.00	+28.9%	+$58.7M
15	Canadian Imperial Bank Of CommCommon Stock · shares +9.9% · price +5.5%	1.4%	1.1%	$259.0M	3.2M	+9.9%	$81.70	$77.41	+5.5%	+$12.4M
16	Lam ResearchCommon Stock · shares −1.7% · price +11.6%	1.3%	1.1%	$251.6M	2.4M	−1.7%	$105.73	$94.71	+11.6%	+$26.2M
17	AT&TCommon Stock · shares −29% · price +4.7%	1.3%	1.6%	$249.4M	5.9M	−29%	$42.53	$40.61	+4.7%	+$11.3M
18	Ebay IncCommon Stock · shares −5.4% · price −9.8%	1.3%	1.4%	$245.9M	8.3M	−5.4%	$29.69	$32.90	−9.8%	−$26.6M
19	Carnival CorpCommon Stock · shares +44% · price +6.6%	1.3%	0.78%	$245.1M	4.7M	+44%	$52.06	$48.82	+6.6%	+$10.6M
20	Pfizer IncCommon Stock · shares +0.1% · price −4.1%	1.3%	1.2%	$244.8M	7.5M	+0.1%	$32.48	$33.87	−4.1%	−$10.5M
21	Colgate-Palmolive CoCommon Stock · shares −0.5% · price −11.7%	1.2%	1.3%	$234.6M	3.6M	−0.5%	$65.44	$74.14	−11.7%	−$31.2M
22	Bank Of New York Mellon CorpCommon Stock · shares −2.0% · price +18.8%	1.2%	0.98%	$233.7M	4.9M	−2.0%	$47.38	$39.88	+18.8%	+$37.0M
23	CiscoCommon Stock · shares −28% · price −4.7%	1.2%	1.6%	$230.2M	7.6M	−28%	$30.22	$31.72	−4.7%	−$11.4M
24	Zimmer Holdings IncCommon Stock · shares +0.5% · price −20.6%	1.1%	1.3%	$219.3M	2.1M	+0.5%	$103.20	$130.02	−20.6%	−$56.7M
25	Vantiv IncCommon Stock · shares −1.5% · price +6.0%	1.1%	1.00%	$213.3M	3.6M	−1.5%	$59.62	$56.27	+6.0%	+$12.0M
	Total · 305 positions	100%		$19.15B						+$426.6M

The filing on SEC EDGAR ↗

Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.

What made money

From Q3 2016 to Q4 2016: 262 stocks held throughout, up $426.6M (+2.5%).

Citigroup Inc+$134.7M+26%
Valero Energy Corp+$58.7M+29%
Unitedhealth Group Inc+$48.8M+14%
Bank Of New York Mellon Corp+$37.0M+19%
Voya Financial Inc+$33.8M+36%
Ebay Inc−$26.6M−10%
Colgate-Palmolive Co−$31.2M−12%
Alibaba−$53.3M−17%
Zimmer Holdings Inc−$56.7M−21%
Activision Blizzard Inc−$65.7M−18%

Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out.

Reported value by quarter

The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.

$100.00B$50.00B$0

Q1 201643 quartersQ3 2026

Every quarter's filing

Each quarter's 13F filing, newest first
Quarter	Filed	Reported value	Positions	Filing
Q3 2026	Oct 15, 2026	$45.47B+2%	331	SEC ↗
Q2 2026	Jul 16, 2026	$44.73B+4%	271	SEC ↗
Q1 2026	Apr 24, 2026	$43.13B−8%	237	SEC ↗
Q4 2025	Jan 27, 2026	$46.64B−49%	225	SEC ↗
Q3 2025	Oct 21, 2025 (amended)	$91.76B+115%	210	SEC ↗
Q2 2025	Jul 18, 2025	$42.61B+19%	202	SEC ↗
Q1 2025	Apr 30, 2025	$35.94B−4%	193	SEC ↗
Q4 2024	Jan 27, 2025	$37.38B−0%	191	SEC ↗
Q3 2024	Nov 12, 2024	$37.47B+3%	194	SEC ↗
Q2 2024	Jul 22, 2024	$36.22B+2%	187	SEC ↗
Q1 2024	Apr 25, 2024	$35.61B+6%	185	SEC ↗
Q4 2023	Jan 31, 2024	$33.61B+6%	178	SEC ↗
Q3 2023	Oct 10, 2023	$31.62B−8%	177	SEC ↗
Q2 2023	Jul 19, 2023	$34.27B+7%	183	SEC ↗
Q1 2023	Apr 28, 2023	$32.10B+3%	180	SEC ↗
Q4 2022	Feb 7, 2023	$31.19B+3%	187	SEC ↗
Q3 2022	Nov 14, 2022	$30.32B−10%	190	SEC ↗
Q2 2022	Aug 15, 2022	$33.63B−14%	190	SEC ↗
Q1 2022	May 26, 2022	$39.26B−7%	196	SEC ↗
Q4 2021	Feb 11, 2022	$42.13B+8%	208	SEC ↗
Q3 2021	Nov 2, 2021	$39.16B+1%	208	SEC ↗
Q2 2021	Aug 12, 2021	$38.59B+10%	209	SEC ↗
Q1 2021	May 7, 2021	$35.18B+8%	215	SEC ↗
Q4 2020	Feb 5, 2021	$32.51B+18%	219	SEC ↗
Q3 2020	Nov 12, 2020	$27.65B−2%	223	SEC ↗
Q2 2020	Sep 4, 2020 (amended)	$28.22B+19%	233	SEC ↗
Q1 2020	May 12, 2020	$23.77B−21%	232	SEC ↗
Q4 2019	Feb 7, 2020	$30.15B+17%	238	SEC ↗
Q3 2019	Nov 14, 2019	$25.69B−2%	235	SEC ↗
Q2 2019	Jul 30, 2019	$26.28B+4%	265	SEC ↗
Q1 2019	Apr 24, 2019	$25.24B+9%	271	SEC ↗
Q4 2018	Feb 8, 2019	$23.19B−13%	283	SEC ↗
Q3 2018	Nov 13, 2018	$26.80B+33%	274	SEC ↗
Q2 2018	Aug 10, 2018	$20.13B+8%	259	SEC ↗
Q1 2018	May 14, 2018	$18.67B−23%	238	SEC ↗
Q4 2017	Feb 13, 2018	$24.34B+7%	306	SEC ↗
Q3 2017	Nov 13, 2017	$22.78B+8%	308	SEC ↗
Q2 2017	Aug 11, 2017	$21.00B+4%	311	SEC ↗
Q1 2017	May 12, 2017	$20.25B+6%	308	SEC ↗
Q4 2016	Feb 10, 2017	$19.15B−7%	305	SEC ↗
Q3 2016	Nov 14, 2016	$20.53B+6%	300	SEC ↗
Q2 2016	Aug 12, 2016	$19.33B+5%	291	SEC ↗
Q1 2016	May 12, 2016	$18.49B	303	SEC ↗