# Ninety One North America, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1633343. Source: https://holderbook.com/funds/1633343-ninety-one-north-america-inc/

- Reported value: $2.1B
- Positions: 106
- Weight of the ten largest: 39.4%
- Filed: 2026-07-16

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VISA INC | [V](https://holderbook.com/stocks/V/) | $147.0M | 428,570 | 6.9% | 31 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $126.1M | 697,104 | 5.9% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $98.9M | 276,644 | 4.6% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $89.7M | 240,494 | 4.2% | 31 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $79.4M | 445,385 | 3.7% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $72.6M | 285,856 | 3.4% | 31 |
| NETEASE COM INC | [NTES](https://holderbook.com/stocks/NTES/) | $62.3M | 486,008 | 2.9% | 31 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $55.8M | 616,498 | 2.6% | 8 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $54.5M | 106,189 | 2.6% | 31 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $54.3M | 279,387 | 2.5% | 24 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $49.8M | 298,768 | 2.3% | 6 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $47.2M | 98,931 | 2.2% | 31 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $44.9M | 172,219 | 2.1% | 31 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $44.2M | 106,500 | 2.1% | 10 |
| MONSTER BEVERAGE CORP NEW | [MNST](https://holderbook.com/stocks/MNST/) | $43.8M | 455,849 | 2.1% | 31 |
| VISTA ENERGY S.A.B. DE C.V. | [VIST](https://holderbook.com/stocks/VIST/) | $41.6M | 652,028 | 1.9% | 7 |
| VERISIGN INC | [VRSN](https://holderbook.com/stocks/VRSN/) | $39.6M | 157,466 | 1.9% | 28 |
| CREDICORP LTD | [BAP](https://holderbook.com/stocks/BAP/) | $36.7M | 94,298 | 1.7% | 9 |
| LATAM AIRLINES GROUP SA | [LTM](https://holderbook.com/stocks/LTM/) | $36.1M | 620,111 | 1.7% | 1 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $36.0M | 108,639 | 1.7% | 8 |
| LAUREATE ED INC | [LAUR](https://holderbook.com/stocks/LAUR/) | $34.5M | 950,192 | 1.6% | 1 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $34.4M | 153,493 | 1.6% | 28 |
| ISHARES TR | [INDA](https://holderbook.com/stocks/INDA/) | $33.7M | 682,580 | 1.6% | 31 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $32.6M | 2,437,460 | 1.5% | 4 |
| ALCON AG | [ALC](https://holderbook.com/stocks/ALC/) | $31.3M | 462,060 | 1.5% | 4 |
| XP INC | [XP](https://holderbook.com/stocks/XP/) | $29.6M | 1,822,045 | 1.4% | 4 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $29.3M | 146,533 | 1.4% | 3 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $29.0M | 64,100 | 1.4% | 31 |
| ALIGN TECHNOLOGY INC | [ALGN](https://holderbook.com/stocks/ALGN/) | $28.0M | 166,063 | 1.3% | 26 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $27.7M | 67,974 | 1.3% | 31 |
| CHECK POINT SOFTWARE TECH LT | [CHKP](https://holderbook.com/stocks/CHKP/) | $26.3M | 200,108 | 1.2% | 27 |
| ELECTRONIC ARTS INC | [EA](https://holderbook.com/stocks/EA/) | $24.1M | 117,693 | 1.1% | 26 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $23.1M | 123,512 | 1.1% | 2 |
| TERNIUM SA | [TX](https://holderbook.com/stocks/TX/) | $21.7M | 509,328 | 1.0% | 31 |
| ASE TECHNOLOGY HLDG CO LTD | [ASX](https://holderbook.com/stocks/ASX/) | $20.5M | 454,221 | 1.0% | 8 |
| FACTSET RESH SYS INC | [FDS](https://holderbook.com/stocks/FDS/) | $19.5M | 84,770 | 0.9% | 31 |
| ALLEGION PLC | [ALLE](https://holderbook.com/stocks/ALLE/) | $18.3M | 130,098 | 0.9% | 2 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $17.8M | 205,130 | 0.8% | 6 |
| ICICI BANK LIMITED | [IBN](https://holderbook.com/stocks/IBN/) | $17.6M | 606,875 | 0.8% | 8 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $16.7M | 190,361 | 0.8% | 20 |
| VALMONT INDS INC | [VMI](https://holderbook.com/stocks/VMI/) | $16.1M | 27,909 | 0.8% | 3 |
| TE CONNECTIVITY PLC | [TEL](https://holderbook.com/stocks/TEL/) | $15.4M | 76,274 | 0.7% | 8 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $14.6M | 61,248 | 0.7% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $14.2M | 37,538 | 0.7% | 3 |
| TETRA TECH INC NEW | [TTEK](https://holderbook.com/stocks/TTEK/) | $14.0M | 485,767 | 0.7% | 9 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $14.0M | 28,417 | 0.7% | 2 |
| FOMENTO ECONOMICO MEXICANO S | [FMX](https://holderbook.com/stocks/FMX/) | $13.7M | 107,328 | 0.6% | 1 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $12.9M | 44,605 | 0.6% | 3 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $12.5M | 24,105 | 0.6% | 2 |
| AGCO CORP | [AGCO](https://holderbook.com/stocks/AGCO/) | $12.1M | 101,142 | 0.6% | 4 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $12.1M | 54,194 | 0.6% | 20 |
| RYANAIR HOLDINGS PLC | [RYAAY](https://holderbook.com/stocks/RYAAY/) | $11.8M | 182,389 | 0.6% | 1 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $10.2M | 31,011 | 0.5% | 3 |
| TKO GROUP HOLDINGS INC | [TKO](https://holderbook.com/stocks/TKO/) | $9.4M | 46,897 | 0.4% | 3 |
| DESCARTES SYS GROUP INC | [DSGX](https://holderbook.com/stocks/DSGX/) | $8.5M | 122,805 | 0.4% | 1 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $8.0M | 6,689 | 0.4% | 3 |
| AECOM | [ACM](https://holderbook.com/stocks/ACM/) | $7.3M | 104,266 | 0.3% | 8 |
| KINROSS GOLD CORP | [KGC](https://holderbook.com/stocks/KGC/) | $6.8M | 289,381 | 0.3% | 4 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $6.6M | 48,556 | 0.3% | 3 |
| CITIZENS FINL GROUP INC | [CFG](https://holderbook.com/stocks/CFG/) | $6.6M | 93,524 | 0.3% | 3 |
| TRIMBLE INC | [TRMB](https://holderbook.com/stocks/TRMB/) | $6.3M | 122,820 | 0.3% | 3 |
| UBS GROUP AG | [UBS](https://holderbook.com/stocks/UBS/) | $5.8M | 117,577 | 0.3% | 3 |
| JACOBS SOLUTIONS INC | [J](https://holderbook.com/stocks/J/) | $5.4M | 43,160 | 0.3% | 3 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $5.4M | 58,603 | 0.3% | 3 |
| INTERACTIVE BROKERS GROUP IN | [IBKR](https://holderbook.com/stocks/IBKR/) | $5.3M | 60,896 | 0.2% | 1 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $5.3M | 68,498 | 0.2% | 3 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $5.0M | 135,374 | 0.2% | 3 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $4.8M | 22,260 | 0.2% | 3 |
| TD SYNNEX CORPORATION | [SNX](https://holderbook.com/stocks/SNX/) | $4.8M | 18,023 | 0.2% | 3 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $4.8M | 11,518 | 0.2% | 1 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $4.6M | 179,246 | 0.2% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $4.3M | 4,626 | 0.2% | 1 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $4.1M | 65,211 | 0.2% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $4.1M | 7,280 | 0.2% | 3 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $3.9M | 41,691 | 0.2% | 3 |
| FERRARI N V | [RACE](https://holderbook.com/stocks/RACE/) | $3.9M | 10,474 | 0.2% | 4 |
| TRANSUNION | [TRU](https://holderbook.com/stocks/TRU/) | $3.8M | 52,702 | 0.2% | 3 |
| AERCAP HOLDINGS NV | [AER](https://holderbook.com/stocks/AER/) | $3.8M | 25,726 | 0.2% | 3 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $3.7M | 40,884 | 0.2% | 8 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $3.7M | 22,358 | 0.2% | 1 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $3.7M | 7,390 | 0.2% | 3 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $3.6M | 3,525 | 0.2% | 3 |
| TAKE-TWO INTERACTIVE SOFTWAR | [TTWO](https://holderbook.com/stocks/TTWO/) | $3.3M | 13,191 | 0.2% | 3 |
| CRH PLC | [CRH](https://holderbook.com/stocks/CRH/) | $3.3M | 30,572 | 0.2% | 3 |
| KEYCORP | [KEY](https://holderbook.com/stocks/KEY/) | $2.9M | 127,453 | 0.1% | 2 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $2.8M | 22,618 | 0.1% | 8 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $2.3M | 54,860 | 0.1% | 3 |
| SOLV ENERGY INC | [MWH](https://holderbook.com/stocks/MWH/) | $2.3M | 67,995 | 0.1% | 1 |
| GAMING & LEISURE P | [GLPI](https://holderbook.com/stocks/GLPI/) | $2.3M | 51,609 | 0.1% | 3 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $2.0M | 5,170 | 0.1% | 3 |
| TRADEWEB MKTS INC | [TW](https://holderbook.com/stocks/TW/) | $1.9M | 19,288 | 0.1% | 3 |
| ZILLOW GROUP INC | [Z](https://holderbook.com/stocks/Z/) | $1.8M | 56,163 | 0.1% | 3 |
| INVESCO EXCH TRADED FD TR II | [BKLN](https://holderbook.com/stocks/BKLN/) | $1.4M | 71,065 | 0.1% | 1 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $1.3M | 6,981 | 0.1% | 2 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $992.9K | 6,771 | 0.0% | 8 |
| PLANET FITNESS MASTER ISSUER | [PLNT](https://holderbook.com/stocks/PLNT/) | $857.2K | 16,430 | 0.0% | 3 |
| ISHARES TR | [USHY](https://holderbook.com/stocks/USHY/) | $570.1K | 15,399 | 0.0% | 4 |
| ISHARES TR | [SHYG](https://holderbook.com/stocks/SHYG/) | $237.8K | 5,607 | 0.0% | 2 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $220.9K | 2,718 | 0.0% | 8 |
| GALLAGHER ARTHUR J & CO | [AJG](https://holderbook.com/stocks/AJG/) | $144.2K | 628 | 0.0% | 8 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +4.3% | +14.8% | -10.5% | 100% |
| Q1 2026 | -7.9% | -4.6% | -3.3% | 100% |
| Q4 2025 | +0.2% | +2.4% | -2.1% | 100% |
| Q3 2025 | +1.8% | +7.8% | -6.0% | 100% |
| Q2 2025 | +10.7% | +10.5% | +0.2% | 100% |
| Q1 2025 | +1.1% | -4.6% | +5.6% | 100% |
| Q4 2024 | +0.7% | +2.1% | -1.5% | 100% |
| Q3 2024 | +4.7% | +5.4% | -0.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.1B | 106 |
| Q1 2026 | $2.2B | 100 |
| Q4 2025 | $2.5B | 102 |
| Q3 2025 | $4.4B | 70 |
| Q2 2025 | $2.0B | 65 |
| Q1 2025 | $1.5B | 68 |
| Q4 2024 | $1.6B | 71 |
| Q3 2024 | $1.5B | 66 |
| Q2 2024 | $2.0B | 62 |
| Q1 2024 | $2.1B | 61 |
| Q4 2023 | $2.0B | 68 |
| Q3 2023 | $2.0B | 68 |