Ninety One North America, Inc.

Q4 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
12/31/2025
Date filed
1/27/2026
Form type
13F-HR
Num holdings
102
Total value ($000)
$2,467,082
Net value change ($000)
+322,306 (15.0%)
New positions
40
Sold out positions
6
Turnover %
15.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/21/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
ALC 58,172 NEW
GOOGL 42,584 46.9%
MRSH 29,820 150.9%
NVDA 28,372 NEW
INDA 15,399 34.6%
MSI 15,085 57.0%
AVGO 14,253 NEW
TKO 13,006 NEW
JNJ 12,940 29.0%
AMZN 11,938 NEW
Top Reduces (Value $000, Stocks/ETFs)
SE -66,577 -100.0%
CPNG -31,562 -99.9%
MSFT -17,377 -12.3%
MELI -11,084 -100.0%
TSM -7,326 -8.6%
STNE -6,743 -22.4%
ADP -5,743 -12.1%
UAE -5,093 -100.0%
NTES -4,681 -6.4%
EMBJ -4,411 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type