13F filer · CIK 1418329 ↗
Ninety One UK Ltd
You are looking at Q1 2025. See the latest, Q3 2026 →
Reported value
$35.94B
−3.8% on the quarter before
Positions
193
21 new · 19 sold out
Top 10
39.2%
of the value
Est. gain
−$475.9M
on stocks held all quarter
Est. return
−1.4%
on those stocks since Q4 2024
Positions as of Mar 31, 2025, 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, 62% of the reported value, each sized by its share, colored by what the fund did with it since Q4 2024. Striped tiles are options.
Largest buys
Since Q4 2024, 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.
- Marsh & Mclennan Cos Inc~$350.4MAdded · 0.5% → 1.6%+1,436,044 shares
- Icici Bank Ltd~$194.3MAdded · 0.0% → 0.6%+6,164,232 shares
- Okta~$189.9MNew · 0.0% → 0.5%+1,804,935 shares
- EPAM Systems~$186.3MNew · 0.0% → 0.5%+1,103,292 shares
- Microsoft~$161.6MAdded · 7.4% → 7.3%+430,357 shares
- Roblox~$137.4MNew · 0.0% → 0.4%+2,356,827 shares
- Delta Air Lines Inc~$135.1MAdded · 0.0% → 0.4%+3,098,237 shares
- Align Technology Inc~$113.9MAdded · 0.7% → 0.9%+716,954 shares
- Amazon~$92.2MAdded · 3.1% → 3.0%+484,714 shares
- Planet Fitness Inc~$77.9MAdded · 0.3% → 0.6%+806,023 shares
Largest sells
Since Q4 2024, 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.
- Moody's Corporation~$321.1MCut · 1.9% → 1.1%−689,426 shares
- Visa Inc.~$292.9MCut · 6.0% → 6.1%−835,768 shares
- Check Point Software Technolog~$241.9MCut · 1.8% → 1.6%−1,061,553 shares
- Tapestry Inc~$203.5MSold out · 0.5% → 0.0%−3,115,194 shares
- Synchrony Financial~$168.7MSold out · 0.5% → 0.0%−2,595,277 shares
- Trip.Com Group Ltd~$158.9MSold out · 0.4% → 0.0%−2,314,418 shares
- Rockwell Automation~$126.7MCut · 0.4% → 0.1%−490,488 shares
- TSMC~$115.9MCut · 1.4% → 0.9%−698,404 shares
- Aptiv Plc~$109.4MSold out · 0.3% → 0.0%−1,808,102 shares
- Nvidia~$105.3MCut · 3.5% → 2.6%−972,029 shares
Holdings
As of Mar 31, 2025. Changes are in shares against Dec 31, 2024, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| MicrosoftCommon Stock · shares +6.6% · price −10.9% | 7.3% | $2.62B | −$302.3M | ||||||||
| Visa Inc.Common Stock · shares −12% · price +10.9% | 6.1% | $2.19B | +$215.1M | ||||||||
| Philip Morris International InCommon Stock · shares −1.6% · price +31.9% | 4.0% | $1.43B | +$344.8M | ||||||||
| AutodeskCommon Stock · shares +1.6% · price −11.4% | 3.7% | $1.35B | −$171.1M | ||||||||
| AlphabetCommon Stock · shares +0.9% · price −18.3% | 3.7% | $1.33B | −$294.4M | ||||||||
| Johnson & JohnsonCommon Stock · shares −5.3% · price +14.7% | 3.2% | $1.15B | +$146.9M | ||||||||
| AmazonCommon Stock · shares +9.2% · price −13.3% | 3.0% | $1.09B | −$152.7M | ||||||||
| Booking Holdings IncCommon Stock · shares −1.5% · price −7.3% | 2.8% | $993.2M | −$77.9M | ||||||||
| Verisign IncCommon Stock · shares −0.9% · price +22.7% | 2.7% | $983.8M | +$181.8M | ||||||||
| NvidiaCommon Stock · shares −10% · price −19.3% | 2.6% | $948.0M | −$226.6M | ||||||||
| IntuitCommon Stock · shares −2.2% · price −2.3% | 2.4% | $864.3M | −$20.4M | ||||||||
| Automatic Data ProcessingCommon Stock · shares −8.5% · price +4.4% | 1.9% | $694.1M | +$29.1M | ||||||||
| Tko Group Holdings IncCommon Stock · shares +2.1% · price +7.5% | 1.8% | $647.7M | +$44.4M | ||||||||
| Netease IncADR · shares −1.6% · price +15.4% | 1.8% | $631.2M | +$84.1M | ||||||||
| Electronic Arts IncCommon Stock · shares −0.7% · price −1.2% | 1.7% | $601.6M | −$7.4M | ||||||||
| MastercardCommon Stock · shares +4.9% · price +4.1% | 1.7% | $594.6M | +$22.3M | ||||||||
| Marsh & Mclennan Cos IncCommon Stock · shares +154% · price +14.9% | 1.6% | $578.5M | +$29.6M | ||||||||
| Check Point Software TechnologCommon Stock · shares −30% · price +22.1% | 1.6% | $576.2M | +$104.2M | ||||||||
| BroadcomCommon Stock · shares +8.6% · price −27.8% | 1.5% | $551.1M | −$195.1M | ||||||||
| FactSetCommon Stock · shares −1.6% · price −5.3% | 1.5% | $541.9M | −$30.6M | ||||||||
| AppleCommon Stock · shares −12% · price −11.3% | 1.4% | $513.1M | −$65.3M | ||||||||
| Icon PlcCommon Stock · shares −1.0% · price −16.6% | 1.4% | $510.7M | −$101.3M | ||||||||
| Edwards Lifesciences CorpCommon Stock · shares −2.5% · price −2.1% | 1.4% | $507.7M | −$10.9M | ||||||||
| Monster Beverage CorpCommon Stock · shares −0.3% · price +11.3% | 1.4% | $498.9M | +$50.8M | ||||||||
| Jpmorgan Chase & CoCommon Stock · shares +4.5% · price +2.3% | 1.4% | $495.3M | +$10.8M | ||||||||
| Total · 193 positions | 100% | $35.94B | −$475.9M |
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 2024 to Q1 2025: 172 stocks held throughout, down $475.9M (−1.4%).
- Philip Morris International In+$344.8M+32%
- Visa Inc.+$215.1M+11%
- Verisign Inc+$181.8M+23%
- Johnson & Johnson+$146.9M+15%
- Check Point Software Technolog+$104.2M+22%
- Tesla−$189.2M−36%
- Broadcom−$195.1M−28%
- Nvidia−$226.6M−19%
- Alphabet−$294.4M−18%
- Microsoft−$302.3M−11%
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.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q3 2026 | Oct 15, 2026 | $45.47B+2% | SEC ↗ |
| Q2 2026 | Jul 16, 2026 | $44.73B+4% | SEC ↗ |
| Q1 2026 | Apr 24, 2026 | $43.13B−8% | SEC ↗ |
| Q4 2025 | Jan 27, 2026 | $46.64B−49% | SEC ↗ |
| Q3 2025 | Oct 21, 2025 (amended) | $91.76B+115% | SEC ↗ |
| Q2 2025 | Jul 18, 2025 | $42.61B+19% | SEC ↗ |
| Q1 2025 | Apr 30, 2025 | $35.94B−4% | SEC ↗ |
| Q4 2024 | Jan 27, 2025 | $37.38B−0% | SEC ↗ |
| Q3 2024 | Nov 12, 2024 | $37.47B+3% | SEC ↗ |
| Q2 2024 | Jul 22, 2024 | $36.22B+2% | SEC ↗ |
| Q1 2024 | Apr 25, 2024 | $35.61B+6% | SEC ↗ |
| Q4 2023 | Jan 31, 2024 | $33.61B+6% | SEC ↗ |
| Q3 2023 | Oct 10, 2023 | $31.62B−8% | SEC ↗ |
| Q2 2023 | Jul 19, 2023 | $34.27B+7% | SEC ↗ |
| Q1 2023 | Apr 28, 2023 | $32.10B+3% | SEC ↗ |
| Q4 2022 | Feb 7, 2023 | $31.19B+3% | SEC ↗ |
| Q3 2022 | Nov 14, 2022 | $30.32B−10% | SEC ↗ |
| Q2 2022 | Aug 15, 2022 | $33.63B−14% | SEC ↗ |
| Q1 2022 | May 26, 2022 | $39.26B−7% | SEC ↗ |
| Q4 2021 | Feb 11, 2022 | $42.13B+8% | SEC ↗ |
| Q3 2021 | Nov 2, 2021 | $39.16B+1% | SEC ↗ |
| Q2 2021 | Aug 12, 2021 | $38.59B+10% | SEC ↗ |
| Q1 2021 | May 7, 2021 | $35.18B+8% | SEC ↗ |
| Q4 2020 | Feb 5, 2021 | $32.51B+18% | SEC ↗ |
| Q3 2020 | Nov 12, 2020 | $27.65B−2% | SEC ↗ |
| Q2 2020 | Sep 4, 2020 (amended) | $28.22B+19% | SEC ↗ |
| Q1 2020 | May 12, 2020 | $23.77B−21% | SEC ↗ |
| Q4 2019 | Feb 7, 2020 | $30.15B+17% | SEC ↗ |
| Q3 2019 | Nov 14, 2019 | $25.69B−2% | SEC ↗ |
| Q2 2019 | Jul 30, 2019 | $26.28B+4% | SEC ↗ |
| Q1 2019 | Apr 24, 2019 | $25.24B+9% | SEC ↗ |
| Q4 2018 | Feb 8, 2019 | $23.19B−13% | SEC ↗ |
| Q3 2018 | Nov 13, 2018 | $26.80B+33% | SEC ↗ |
| Q2 2018 | Aug 10, 2018 | $20.13B+8% | SEC ↗ |
| Q1 2018 | May 14, 2018 | $18.67B−23% | SEC ↗ |
| Q4 2017 | Feb 13, 2018 | $24.34B+7% | SEC ↗ |
| Q3 2017 | Nov 13, 2017 | $22.78B+8% | SEC ↗ |
| Q2 2017 | Aug 11, 2017 | $21.00B+4% | SEC ↗ |
| Q1 2017 | May 12, 2017 | $20.25B+6% | SEC ↗ |
| Q4 2016 | Feb 10, 2017 | $19.15B−7% | SEC ↗ |
| Q3 2016 | Nov 14, 2016 | $20.53B+6% | SEC ↗ |
| Q2 2016 | Aug 12, 2016 | $19.33B+5% | SEC ↗ |
| Q1 2016 | May 12, 2016 | $18.49B | SEC ↗ |