# NS Partners Ltd

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1657111. Source: https://holderbook.com/funds/1657111-ns-partners-ltd/

- Reported value: $2.3B
- Positions: 77
- Weight of the ten largest: 47.2%
- Filed: 2026-08-13

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 |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $195.5M | 977,258 | 8.4% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $176.1M | 498,529 | 7.6% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $150.0M | 518,312 | 6.4% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $122.6M | 328,766 | 5.3% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $103.1M | 432,524 | 4.4% | 31 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $100.8M | 139,382 | 4.3% | 2 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $66.7M | 176,623 | 2.9% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $64.3M | 114,227 | 2.8% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $61.3M | 187,157 | 2.6% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $59.6M | 119,182 | 2.6% | 2 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $57.9M | 139,338 | 2.5% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $50.4M | 43,692 | 2.2% | 2 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $49.1M | 143,029 | 2.1% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $47.4M | 92,360 | 2.0% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $41.8M | 35,557 | 1.8% | 2 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $41.6M | 71,596 | 1.8% | 1 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $40.1M | 108,102 | 1.7% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $39.8M | 106,543 | 1.7% | 2 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $37.1M | 423,155 | 1.6% | 31 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $35.8M | 306,688 | 1.5% | 3 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $34.7M | 427,415 | 1.5% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $34.5M | 28,723 | 1.5% | 2 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $32.9M | 577,373 | 1.4% | 31 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $31.9M | 176,470 | 1.4% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $30.9M | 64,637 | 1.3% | 31 |
| MONSTER BEVERAGE CORP NEW | [MNST](https://holderbook.com/stocks/MNST/) | $29.8M | 310,132 | 1.3% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $27.5M | 63,560 | 1.2% | 1 |
| VISTA ENERGY S.A.B. DE C.V. | [VIST](https://holderbook.com/stocks/VIST/) | $27.5M | 431,270 | 1.2% | 2 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $27.4M | 171,184 | 1.2% | 31 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $26.6M | 1,029,571 | 1.1% | 5 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $26.3M | 83,396 | 1.1% | 31 |
| VERISIGN INC | [VRSN](https://holderbook.com/stocks/VRSN/) | $24.9M | 99,126 | 1.1% | 23 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $23.4M | 171,076 | 1.0% | 2 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $22.7M | 135,454 | 1.0% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $22.5M | 161,274 | 1.0% | 1 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $21.0M | 40,517 | 0.9% | 1 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $21.0M | 126,393 | 0.9% | 2 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $20.8M | 251,373 | 0.9% | 2 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $19.1M | 5,973 | 0.8% | 2 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $18.2M | 45,873 | 0.8% | 29 |
| ITAU UNIBANCO HLDG S A | [ITUB](https://holderbook.com/stocks/ITUB/) | $17.0M | 2,083,100 | 0.7% | 1 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $17.0M | 96,267 | 0.7% | 2 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $15.4M | 30,180 | 0.7% | 31 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $15.2M | 28,950 | 0.7% | 31 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $14.1M | 27,709 | 0.6% | 31 |
| FLEX LTD | [FLEX](https://holderbook.com/stocks/FLEX/) | $13.5M | 83,288 | 0.6% | 1 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $13.2M | 29,579 | 0.6% | 4 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $12.4M | 289,367 | 0.5% | 26 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $11.8M | 130,801 | 0.5% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $11.1M | 41,072 | 0.5% | 31 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $11.1M | 146,359 | 0.5% | 31 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $10.3M | 499,579 | 0.4% | 2 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $9.6M | 32,084 | 0.4% | 1 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $9.5M | 28,447 | 0.4% | 1 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $9.2M | 40,892 | 0.4% | 1 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $9.0M | 40,892 | 0.4% | 1 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $8.8M | 75,094 | 0.4% | 1 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $8.7M | 59,674 | 0.4% | 1 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $6.8M | 6,377 | 0.3% | 1 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $6.8M | 22,720 | 0.3% | 1 |
| ALLEGION PLC | [ALLE](https://holderbook.com/stocks/ALLE/) | $6.6M | 46,708 | 0.3% | 31 |
| VALE S A | [VALE](https://holderbook.com/stocks/VALE/) | $5.8M | 383,400 | 0.2% | 13 |
| GLOBANT S A | [GLOB](https://holderbook.com/stocks/GLOB/) | $4.8M | 167,500 | 0.2% | 1 |
| PETROLEO BRASILEIRO S A | [PBR](https://holderbook.com/stocks/PBR/) | $4.8M | 297,413 | 0.2% | 2 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $2.4M | 6,511 | 0.1% | 2 |
| COMPANHIA DE SANEAMENTO BASI | [SBS](https://holderbook.com/stocks/SBS/) | $2.1M | 364,445 | 0.1% | 4 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $1.7M | 1,946 | 0.1% | 1 |
| FABRINET | [FN](https://holderbook.com/stocks/FN/) | $1.6M | 2,861 | 0.1% | 1 |
| RYANAIR HOLDINGS PLC | [RYAAY](https://holderbook.com/stocks/RYAAY/) | $1.2M | 19,081 | 0.1% | 31 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $1.2M | 10,400 | 0.1% | 1 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $964.0K | 3,544 | 0.0% | 2 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $574.5K | 3,918 | 0.0% | 2 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $485.3K | 1,376 | 0.0% | 31 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $424.9K | 1,924 | 0.0% | 2 |
| TECK RESOURCES LTD | [TECK](https://holderbook.com/stocks/TECK/) | $351.0K | 5,900 | 0.0% | 3 |
| H WORLD GROUP LTD | [HTHT](https://holderbook.com/stocks/HTHT/) | $312.9K | 7,500 | 0.0% | 2 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $249.0K | 5,880 | 0.0% | 2 |

## 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 | +9.6% | +14.8% | -5.3% | 100% |
| Q1 2026 | -11.4% | -4.6% | -6.7% | 100% |
| Q4 2025 | +0.5% | +2.4% | -1.9% | 100% |
| Q3 2025 | +3.3% | +7.8% | -4.5% | 100% |
| Q2 2025 | +10.7% | +10.5% | +0.3% | 100% |
| Q1 2025 | -4.9% | -4.6% | -0.3% | 100% |
| Q4 2024 | +2.3% | +2.1% | +0.2% | 100% |
| Q3 2024 | +6.1% | +5.4% | +0.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.3B | 77 |
| Q1 2026 | $2.2B | 71 |
| Q4 2025 | $2.6B | 74 |
| Q3 2025 | $2.6B | 74 |
| Q2 2025 | $2.4B | 72 |
| Q1 2025 | $2.3B | 73 |
| Q4 2024 | $2.4B | 77 |
| Q3 2024 | $2.4B | 74 |
| Q2 2024 | $2.2B | 73 |
| Q1 2024 | $2.2B | 74 |
| Q4 2023 | $2.1B | 74 |
| Q3 2023 | $1.9B | 74 |