13F filer · CIK 1418329 ↗

Ninety One UK Ltd

You are looking at Q3 2023. See the latest, Q3 2026 →

Reported value

$31.62B

−7.7% on the quarter before

Positions

177

14 new · 20 sold out

Top 10

36.1%

of the value

Est. gain

−$1.08B

on stocks held all quarter

Est. return

−3.4%

on those stocks since Q2 2023

Filed

Oct 10, 2023

On SEC EDGAR ↗

Positions as of Sep 30, 2023, 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, 60% of the reported value, each sized by its share, colored by what the fund did with it since Q2 2023. Striped tiles are options.

Microsoft7.7%Visa Inc.5.8%

Verisign Inc3.4%

Booking Holdings Inc3.3%

Intuit3.1%

Philip Morris International In2.8%

Autodesk2.7%Alphabet2.5%Nvidia2.4%Amazon2.3%

Johnson & Johnson2.2%

Netease Inc2.1%

Icon Plc2.0%

Automatic Data Processing1.9%Moody's Corporation1.9%

Becton Dickinson & Co1.8%

Mastercard1.8%FactSet1.6%

Exxon Mobil Corp1.6%

Electronic Arts Inc1.6%

Apple1.5%

S&P Global Inc1.5%

Check Point Software Technolog1.5%

Estee Lauder Cos Inc/The1.2%

Microsoft7.7%Visa Inc.5.8%

Verisign Inc3.4%

Booking Holdings Inc3.3%

Intuit3.1%

Philip Morris International In2.8%

Autodesk2.7%Alphabet2.5%Nvidia2.4%Amazon2.3%

Johnson & Johnson2.2%

Netease Inc2.1%

Icon Plc2.0%

Automatic Data Processing1.9%Moody's Corporation1.9%

Becton Dickinson & Co1.8%

Mastercard1.8%FactSet1.6%

Exxon Mobil Corp1.6%

Electronic Arts Inc1.6%

Apple1.5%

S&P Global Inc1.5%

Check Point Software Technolog1.5%

Estee Lauder Cos Inc/The1.2%

Largest buys

Since Q2 2023, 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.

Tko Group Holdings Inc~$321.0MNew · 0.0% → 1.0%+3,818,270 shares
Amazon~$194.5MAdded · 1.6% → 2.3%+1,530,098 shares
Carlisle Cos Inc~$135.8MAdded · 0.0% → 0.4%+523,902 shares
Zillow Group Inc~$67.8MNew · 0.0% → 0.2%+1,468,313 shares
Elevance Health Inc~$67.7MAdded · 0.7% → 1.0%+155,449 shares
Hdfc Bank Ltd~$30.1MAdded · 0.4% → 0.5%+510,559 shares
Hess Corp~$29.2MAdded · 0.5% → 0.7%+190,905 shares
Occidental Petroleum Corp~$23.5MNew · 0.0% → 0.1%+362,632 shares
Exxon Mobil Corp~$23.1MAdded · 1.3% → 1.6%+196,544 shares
Stericycle Inc~$22.6MNew · 0.0% → 0.1%+506,458 shares

Largest sells

Since Q2 2023, 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.

World Wrestling Entertainment~$298.9MSold out · 0.9% → 0.0%−2,755,355 shares
Booking Holdings Inc~$221.6MCut · 3.3% → 3.3%−71,865 shares
Unitedhealth Group Inc~$180.2MCut · 1.0% → 0.5%−357,503 shares
Trane Technologies Plc~$125.3MCut · 1.4% → 1.2%−617,738 shares
Fortinet~$123.5MCut · 0.6% → 0.1%−2,104,787 shares
Thermo Fisher Scientific Inc~$121.9MCut · 1.2% → 0.8%−240,735 shares
Alphabet~$93.0MCut · 2.3% → 2.5%−710,515 shares
Charles Schwab Corp/The~$68.8MCut · 1.4% → 1.2%−1,252,315 shares
Visa Inc.~$66.3MCut · 5.7% → 5.8%−288,082 shares
Morgan Stanley~$62.9MSold out · 0.2% → 0.0%−736,247 shares

Holdings

As of Sep 30, 2023. Changes are in shares against Jun 30, 2023, 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	MicrosoftCommon Stock · shares −2.4% · price −7.3%	7.7%	7.9%	$2.44B	7.7M	−2.4%	$315.75	$340.54	−7.3%	−$191.4M
2	Visa Inc.Common Stock · shares −3.5% · price −3.1%	5.8%	5.7%	$1.83B	7.9M	−3.5%	$230.01	$237.48	−3.1%	−$59.3M
3	Verisign IncCommon Stock · shares −3.2% · price −10.4%	3.4%	3.6%	$1.07B	5.3M	−3.2%	$202.53	$225.97	−10.4%	−$124.1M
4	Booking Holdings IncCommon Stock · shares −17% · price +14.2%	3.3%	3.3%	$1.06B	342,962	−17%	$3,083.95	$2,700.33	+14.2%	+$131.6M
5	IntuitCommon Stock · shares −3.5% · price +11.5%	3.1%	2.7%	$992.3M	1.9M	−3.5%	$510.94	$458.19	+11.5%	+$102.4M
6	Philip Morris International InCommon Stock · shares +0.9% · price −5.2%	2.8%	2.7%	$878.1M	9.5M	+0.9%	$92.58	$97.62	−5.2%	−$47.4M
7	AutodeskCommon Stock · shares −5.6% · price +1.1%	2.7%	2.6%	$851.5M	4.1M	−5.6%	$206.91	$204.61	+1.1%	+$9.5M
8	AlphabetCommon Stock · shares −11% · price +9.3%	2.5%	2.3%	$785.6M	6.0M	−11%	$130.86	$119.70	+9.3%	+$67.0M
9	NvidiaCommon Stock · shares −2.4% · price +2.8%	2.4%	2.2%	$762.5M	1.8M	−2.4%	$434.99	$423.02	+2.8%	+$21.0M
10	AmazonCommon Stock · shares +36% · price −2.5%	2.3%	1.6%	$739.5M	5.8M	+36%	$127.12	$130.36	−2.5%	−$13.9M
11	Johnson & JohnsonCommon Stock · shares −5.3% · price −5.9%	2.2%	2.3%	$688.9M	4.4M	−5.3%	$155.75	$165.52	−5.9%	−$43.2M
12	Netease IncADR · shares −0.1% · price +3.6%	2.1%	1.9%	$678.0M	6.8M	−0.1%	$100.16	$96.69	+3.6%	+$23.5M
13	Icon PlcCommon Stock · shares −2.9% · price −1.6%	2.0%	2.0%	$639.7M	2.6M	−2.9%	$246.25	$250.20	−1.6%	−$10.3M
14	Automatic Data ProcessingCommon Stock · shares −3.0% · price +9.5%	1.9%	1.7%	$608.3M	2.5M	−3.0%	$240.58	$219.79	+9.5%	+$52.6M
15	Moody's CorporationCommon Stock · shares −3.7% · price −9.1%	1.9%	2.0%	$606.7M	1.9M	−3.7%	$316.17	$347.72	−9.1%	−$60.5M
16	Becton Dickinson & CoCommon Stock · shares −4.5% · price −2.1%	1.8%	1.8%	$579.6M	2.2M	−4.5%	$258.53	$264.01	−2.1%	−$12.3M
17	MastercardCommon Stock · shares −1.6% · price +0.7%	1.8%	1.6%	$558.0M	1.4M	−1.6%	$395.91	$393.30	+0.7%	+$3.7M
18	FactSetCommon Stock · shares −3.9% · price +9.1%	1.6%	1.4%	$519.3M	1.2M	−3.9%	$437.26	$400.65	+9.1%	+$43.5M
19	Exxon Mobil CorpCommon Stock · shares +4.8% · price +9.6%	1.6%	1.3%	$501.5M	4.3M	+4.8%	$117.58	$107.25	+9.6%	+$42.0M
20	Electronic Arts IncCommon Stock · shares −5.9% · price −7.2%	1.6%	1.6%	$491.8M	4.1M	−5.9%	$120.40	$129.70	−7.2%	−$38.0M
21	AppleCommon Stock · shares −1.3% · price −11.7%	1.5%	1.6%	$484.0M	2.8M	−1.3%	$171.21	$193.97	−11.7%	−$64.3M
22	S&P Global IncCommon Stock · shares −4.2% · price −8.9%	1.5%	1.6%	$478.9M	1.3M	−4.2%	$365.41	$400.89	−8.9%	−$46.5M
23	Check Point Software TechnologCommon Stock · shares −3.7% · price +6.1%	1.5%	1.4%	$478.2M	3.6M	−3.7%	$133.28	$125.62	+6.1%	+$27.5M
24	Estee Lauder Cos Inc/TheCommon Stock · shares −5.0% · price −26.4%	1.2%	1.6%	$394.0M	2.7M	−5.0%	$144.55	$196.38	−26.4%	−$141.3M
25	Charles Schwab Corp/TheCommon Stock · shares −15% · price −3.1%	1.2%	1.4%	$388.6M	7.1M	−15%	$54.90	$56.68	−3.1%	−$12.6M
	Total · 177 positions	100%		$31.62B						−$1.08B

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 Q2 2023 to Q3 2023: 163 stocks held throughout, down $1.08B (−3.4%).

Booking Holdings Inc+$131.6M+14%
Intuit+$102.4M+12%
Alphabet+$67.0M+9%
Automatic Data Processing+$52.6M+9%
FactSet+$43.5M+9%
Tapestry Inc−$66.4M−33%
Nextera Energy Inc−$74.9M−23%
Verisign Inc−$124.1M−10%
Estee Lauder Cos Inc/The−$141.3M−26%
Microsoft−$191.4M−7%

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 ↗