13F filer · CIK 1418329 ↗

Ninety One UK Ltd

You are looking at Q1 2017. See the latest, Q3 2026 →

Reported value

$20.25B

+5.7% on the quarter before

Positions

308

28 new · 25 sold out

Top 10

23.3%

of the value

Est. gain

+$1.11B

on stocks held all quarter

Est. return

+6.7%

on those stocks since Q4 2016

Filed

May 12, 2017

On SEC EDGAR ↗

Positions as of Mar 31, 2017, 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, 41% of the reported value, each sized by its share, colored by what the fund did with it since Q4 2016. Striped tiles are options.

Johnson & Johnson3.1%

Citigroup Inc3.1%

Microsoft3.0%Alphabet2.6%

Priceline Group Inc/The2.4%

Alibaba2.2%PayPal1.9%

Unitedhealth Group Inc1.8%

Pepsico Inc1.6%

Cbs Corp1.6%

Visa Inc.1.5%Lam Research1.5%

Cme Group Inc/Il1.4%

Carnival Corp1.4%

Ebay Inc1.4%

Canadian Imperial Bank Of Comm1.3%

Valero Energy Corp1.3%

Pfizer Inc1.2%

Zimmer Holdings Inc1.2%

Bank Of America Corp1.2%

Dow Chemical Co/The1.2%

Suntrust Banks Inc1.2%

Vmware Inc1.2%

Bank Of New York Mellon Corp1.1%

Johnson & Johnson3.1%

Citigroup Inc3.1%

Microsoft3.0%Alphabet2.6%

Priceline Group Inc/The2.4%

Alibaba2.2%PayPal1.9%

Unitedhealth Group Inc1.8%

Pepsico Inc1.6%

Cbs Corp1.6%

Visa Inc.1.5%Lam Research1.5%

Cme Group Inc/Il1.4%

Carnival Corp1.4%

Ebay Inc1.4%

Canadian Imperial Bank Of Comm1.3%

Valero Energy Corp1.3%

Pfizer Inc1.2%

Zimmer Holdings Inc1.2%

Bank Of America Corp1.2%

Dow Chemical Co/The1.2%

Suntrust Banks Inc1.2%

Vmware Inc1.2%

Bank Of New York Mellon Corp1.1%

Largest buys

Since Q4 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.

Alphabet~$203.0MAdded · 1.6% → 2.6%+239,390 shares
Celgene Corp~$194.5MNew · 0.0% → 1.0%+1,563,046 shares
Microsoft~$181.4MAdded · 2.1% → 3.0%+2,754,877 shares
Bank Of America Corp~$154.3MAdded · 0.5% → 1.2%+6,538,908 shares
Extended Stay America Inc~$138.4MNew · 0.0% → 0.7%+8,684,916 shares
Welbilt Inc~$134.8MNew · 0.0% → 0.7%+6,867,970 shares
Bank Of Nova Scotia/The~$127.8MNew · 0.0% → 0.6%+2,190,622 shares
Suntrust Banks Inc~$94.1MAdded · 0.8% → 1.2%+1,701,169 shares
Norfolk Southern Corp~$92.7MNew · 0.0% → 0.5%+827,990 shares
Tiffany & Co~$90.4MAdded · 0.4% → 1.0%+949,105 shares

Largest sells

Since Q4 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.

Activision Blizzard Inc~$389.9MCut · 1.6% → 0.1%−7,820,137 shares
Alliance Data Systems Corp~$185.3MSold out · 1.0% → 0.0%−811,080 shares
Qualcomm~$126.7MCut · 0.8% → 0.1%−2,209,081 shares
Gilead Sciences Inc~$109.4MSold out · 0.6% → 0.0%−1,528,098 shares
Occidental Petroleum Corp~$108.5MCut · 0.7% → 0.1%−1,711,696 shares
Ally Financial Inc~$105.8MCut · 1.0% → 0.5%−5,204,848 shares
Manitowoc Foodservice Inc~$104.9MSold out · 0.5% → 0.0%−5,429,339 shares
Johnson & Johnson~$90.9MCut · 3.5% → 3.1%−730,095 shares
AT&T~$90.6MCut · 1.3% → 0.8%−2,179,843 shares
Western Union Co/The~$88.7MCut · 1.0% → 0.4%−4,358,940 shares

Holdings

As of Mar 31, 2017. Changes are in shares against Dec 31, 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 −13% · price +8.1%	3.1%	3.5%	$632.7M	5.1M	−13%	$124.55	$115.21	+8.1%	+$47.4M
2	Citigroup IncCommon Stock · shares −5.0% · price +0.7%	3.1%	3.4%	$627.4M	10.5M	−5.0%	$59.82	$59.43	+0.7%	+$4.1M
3	MicrosoftCommon Stock · shares +43% · price +6.0%	3.0%	2.1%	$598.9M	9.1M	+43%	$65.86	$62.14	+6.0%	+$23.6M
4	AlphabetCommon Stock · shares +63% · price +7.0%	2.6%	1.6%	$526.6M	621,109	+63%	$847.80	$792.45	+7.0%	+$21.1M
5	Priceline Group Inc/TheCommon Stock · shares −2.0% · price +21.4%	2.4%	2.1%	$482.5M	271,096	−2.0%	$1,779.97	$1,466.06	+21.4%	+$85.1M
6	AlibabaADR · shares +16% · price +22.8%	2.2%	1.6%	$441.2M	4.1M	+16%	$107.83	$87.81	+22.8%	+$70.7M
7	PayPalCommon Stock · shares +8.3% · price +9.0%	1.9%	1.7%	$392.4M	9.1M	+8.3%	$43.02	$39.47	+9.0%	+$29.9M
8	Unitedhealth Group IncCommon Stock · shares −11% · price +2.5%	1.8%	2.0%	$355.2M	2.2M	−11%	$164.01	$160.04	+2.5%	+$8.6M
9	Pepsico IncCommon Stock · shares −10.0% · price +6.9%	1.6%	1.8%	$328.4M	2.9M	−10.0%	$111.86	$104.63	+6.9%	+$21.2M
10	Cbs CorpCommon Stock · shares −1.4% · price +9.0%	1.6%	1.6%	$322.1M	4.6M	−1.4%	$69.36	$63.62	+9.0%	+$26.7M
11	Visa Inc.Common Stock · shares +1.4% · price +13.9%	1.5%	1.4%	$310.9M	3.5M	+1.4%	$88.87	$78.02	+13.9%	+$37.4M
12	Lam ResearchCommon Stock · shares −1.3% · price +21.4%	1.5%	1.3%	$301.4M	2.3M	−1.3%	$128.36	$105.73	+21.4%	+$53.1M
13	Cme Group Inc/IlCommon Stock · shares −0.9% · price +3.0%	1.4%	1.5%	$293.0M	2.5M	−0.9%	$118.80	$115.35	+3.0%	+$8.5M
14	Carnival CorpCommon Stock · shares −1.1% · price +13.2%	1.4%	1.3%	$274.4M	4.7M	−1.1%	$58.91	$52.06	+13.2%	+$31.9M
15	Ebay IncCommon Stock · shares −1.4% · price +13.1%	1.4%	1.3%	$274.0M	8.2M	−1.4%	$33.57	$29.69	+13.1%	+$31.7M
16	Canadian Imperial Bank Of CommCommon Stock · shares −0.7% · price +5.2%	1.3%	1.4%	$270.7M	3.1M	−0.7%	$85.98	$81.70	+5.2%	+$13.5M
17	Valero Energy CorpCommon Stock · shares +2.8% · price −3.0%	1.3%	1.4%	$260.9M	3.9M	+2.8%	$66.29	$68.32	−3.0%	−$7.8M
18	Pfizer IncCommon Stock · shares −2.0% · price +5.3%	1.2%	1.3%	$252.6M	7.4M	−2.0%	$34.21	$32.48	+5.3%	+$12.8M
19	Zimmer Holdings IncCommon Stock · shares −2.7% · price +18.3%	1.2%	1.1%	$252.6M	2.1M	−2.7%	$122.11	$103.20	+18.3%	+$39.1M
20	Bank Of America CorpCommon Stock · shares +163% · price +6.7%	1.2%	0.46%	$248.7M	10.5M	+163%	$23.59	$22.10	+6.7%	+$6.0M
21	Dow Chemical Co/TheCommon Stock · shares +51% · price +11.0%	1.2%	0.76%	$244.9M	3.9M	+51%	$63.54	$57.22	+11.0%	+$16.2M
22	Suntrust Banks IncCommon Stock · shares +65% · price +0.8%	1.2%	0.75%	$239.0M	4.3M	+65%	$55.30	$54.85	+0.8%	+$1.2M
23	Vmware IncCommon Stock · shares −1.3% · price +17.0%	1.2%	1.1%	$238.7M	2.6M	−1.3%	$92.14	$78.73	+17.0%	+$34.7M
24	Bank Of New York Mellon CorpCommon Stock · shares −0.4% · price −0.3%	1.1%	1.2%	$232.0M	4.9M	−0.4%	$47.23	$47.38	−0.3%	−$736,850
25	Vantiv IncCommon Stock · shares −1.7% · price +7.5%	1.1%	1.1%	$225.5M	3.5M	−1.7%	$64.12	$59.62	+7.5%	+$15.8M
	Total · 308 positions	100%		$20.25B						+$1.11B

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 Q4 2016 to Q1 2017: 280 stocks held throughout, up $1.11B (+6.7%).

Priceline Group Inc/The+$85.1M+21%
Alibaba+$70.7M+23%
Lam Research+$53.1M+21%
Johnson & Johnson+$47.4M+8%
Netease Inc+$41.0M+32%
Valero Energy Corp−$7.8M−3%
Helmerich & Payne Inc−$18.8M−14%
Signet Jewelers Ltd−$24.8M−27%
Hess Corp−$32.9M−23%
Comcast Corp−$96.6M−46%

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 ↗