Ninety One UK Ltd
Reported US equity positions for Q1 2026 — $43.1B across 237 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| GOOGL Alphabet Inc. | $2.4B | 5.5% | 8,274,555 |
| MSFT Microsoft Corporation | $2.0B | 4.6% | 5,396,305 |
| NVDA NVIDIA Corporation | $2.0B | 4.6% | 11,287,143 |
| V Visa Inc. | $1.8B | 4.3% | 6,112,245 |
| JNJ Johnson & Johnson | $1.6B | 3.8% | 6,642,299 |
| AAPL Apple Inc. | $1.3B | 3.0% | 5,062,702 |
| PM Philip Morris International Inc | $1.2B | 2.7% | 7,161,703 |
| BKNG Booking Holdings Inc. | $1.1B | 2.5% | 253,374 |
| EW Edwards Lifesciences Corporation | $992.7M | 2.3% | 12,396,143 |
| ADSK Autodesk, Inc. | $963.7M | 2.2% | 4,025,659 |
| AMZN Amazon.com, Inc. | $927.7M | 2.2% | 4,454,291 |
| AVGO Broadcom Inc. | $887.7M | 2.1% | 2,868,225 |
| EA* Electronic Arts Inc | $851.3M | 2.0% | 4,175,633 |
| INTU Intuit Inc. | $813.2M | 1.9% | 1,880,712 |
| TKO TKO Group Holdings, Inc. Class A | $729.8M | 1.7% | 3,619,298 |
| NTES NetEase, Inc. | $703.7M | 1.6% | 6,286,216 |
| MRSH Marsh | $698.9M | 1.6% | 4,029,142 |
| XOM ExxonMobil Holdings Corporation | $698.2M | 1.6% | 4,115,520 |
| JPM JP Morgan Chase & Co. | $678.2M | 1.6% | 2,305,629 |
| MSI Motorola Solutions, Inc. | $584.0M | 1.4% | 1,345,798 |
| MNST Monster Beverage Corporation | $540.2M | 1.3% | 7,455,306 |
| MA Mastercard Incorporated | $533.5M | 1.2% | 1,067,740 |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $533.0M | 1.2% | 1,577,168 |
| VRSN VeriSign, Inc. | $515.9M | 1.2% | 2,077,233 |
| B Barrick Mining Corporation | $486.3M | 1.1% | 11,922,181 |
| LLY Eli Lilly and Company | $482.2M | 1.1% | 524,221 |
| ADP Automatic Data Processing, Inc. | $480.3M | 1.1% | 2,363,827 |
| BSX Boston Scientific Corporation | $458.6M | 1.1% | 7,308,540 |
| CVX Chevron Corporation | $416.8M | 1.0% | 2,014,575 |
| SPGI S&P Global Inc. | $416.8M | 1.0% | 979,893 |
| J Jacobs Solutions Inc. | $414.3M | 1.0% | 3,255,342 |
| CFG Citizens Financial Group, Inc. | $405.9M | 0.9% | 6,768,224 |
| G0593M107 AstraZeneca PLC | $396.5M | 0.9% | 2,047,019 |
| N00985106 AerCap Holdings NV | $385.5M | 0.9% | 2,810,328 |
| ALGN Align Technology, Inc. | $382.0M | 0.9% | 2,228,214 |
| N3167Y103 Ferrari NV | $367.7M | 0.9% | 1,104,106 |
| MCO Moody's Corporation | $366.6M | 0.9% | 840,302 |
| M22465104 Check Point Software Technologies Ltd | $366.1M | 0.8% | 2,562,679 |
| SNX TD SYNNEX Corporation | $353.3M | 0.8% | 2,094,298 |
| G25508105 Crh PLC | $349.1M | 0.8% | 3,320,503 |
| G8994E103 Trane Technologies PLC | $342.2M | 0.8% | 821,041 |
| GM General Motors Company | $337.4M | 0.8% | 4,529,367 |
| H42097107 UBS Group AG | $332.3M | 0.8% | 8,687,978 |
| ABT Abbott Laboratories | $319.3M | 0.7% | 3,109,726 |
| TMO Thermo Fisher Scientific Inc | $313.2M | 0.7% | 637,262 |
| META Meta Platforms, Inc. | $302.6M | 0.7% | 528,841 |
| GS The Goldman Sachs Group, Inc. | $298.4M | 0.7% | 352,776 |
| NEE NextEra Energy, Inc. | $281.8M | 0.7% | 3,033,694 |
| FCX Freeport-McMoRan, Inc. | $269.5M | 0.6% | 4,584,244 |
| FDS FactSet Research Systems Inc. | $259.3M | 0.6% | 1,194,996 |
| QCOM QUALCOMM Incorporated | $253.9M | 0.6% | 1,971,753 |
| IBN ICICI Bank Limited | $250.0M | 0.6% | 9,651,781 |
| BA The Boeing Company | $249.0M | 0.6% | 1,250,894 |
| ICE Intercontinental Exchange Inc. | $247.7M | 0.6% | 1,574,827 |
| TRU TransUnion | $245.5M | 0.6% | 3,547,743 |
| DAL Delta Air Lines, Inc. | $240.9M | 0.6% | 3,623,168 |
| TTWO Take-Two Interactive Software, Inc. | $228.5M | 0.5% | 1,157,028 |
| NEM Newmont Corporation | $220.0M | 0.5% | 2,032,182 |
| PLNT Planet Fitness, Inc. | $209.4M | 0.5% | 2,814,660 |
| G0378L100 Anglogold Ashanti Plc | $199.1M | 0.5% | 2,044,975 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| GOOGL Alphabet Inc. | Trim | $2.4B | $2.8B | -8% |
| MSFT Microsoft Corporation | Trim | $2.0B | $3.2B | -18% |
| NVDA NVIDIA Corporation | Trim | $2.0B | $2.3B | -10% |
| JNJ Johnson & Johnson | Trim | $1.6B | $1.4B | -2% |
| AAPL Apple Inc. | Add | $1.3B | $814.1M | +69% |
| BKNG Booking Holdings Inc. | Add | $1.1B | $1.1B | +22% |
| EW Edwards Lifesciences Corporation | Add | $992.7M | $659.4M | +60% |
| ADSK Autodesk, Inc. | Trim | $963.7M | $1.4B | -13% |
| AVGO Broadcom Inc. | Trim | $887.7M | $1.2B | -20% |
| INTU Intuit Inc. | Add | $813.2M | $922.3M | +35% |
| TKO TKO Group Holdings, Inc. Class A | Trim | $729.8M | $1.0B | -28% |
| MRSH Marsh | Add | $698.9M | $657.1M | +14% |
| XOM ExxonMobil Holdings Corporation | Add | $698.2M | $333.7M | +48% |
| JPM JP Morgan Chase & Co. | Add | $678.2M | $651.4M | +14% |
| MNST Monster Beverage Corporation | Trim | $540.2M | $658.3M | -13% |
| MA Mastercard Incorporated | Trim | $533.5M | $706.0M | -14% |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | Trim | $533.0M | $611.7M | -22% |
| B Barrick Mining Corporation | Trim | $486.3M | $581.5M | -11% |
| LLY Eli Lilly and Company | Trim | $482.2M | $581.4M | -3% |
| BSX Boston Scientific Corporation | Add | $458.6M | $519.1M | +34% |
| CVX Chevron Corporation | Add | $416.8M | $63.7M | +382% |
| SPGI S&P Global Inc. | Add | $416.8M | $481.3M | +6% |
| J Jacobs Solutions Inc. | Add | $414.3M | $418.1M | +3% |
| CFG Citizens Financial Group, Inc. | Add | $405.9M | $384.0M | +3% |
| N3167Y103 Ferrari NV | Add | $367.7M | $338.8M | +22% |
| SNX TD SYNNEX Corporation | Trim | $353.3M | $334.9M | -6% |
| G25508105 Crh PLC | Trim | $349.1M | $430.1M | -4% |
| G8994E103 Trane Technologies PLC | Add | $342.2M | $262.4M | +22% |
| GM General Motors Company | Trim | $337.4M | $402.0M | -8% |
| H42097107 UBS Group AG | Trim | $332.3M | $411.9M | -2% |
| ABT Abbott Laboratories | Add | $319.3M | $336.8M | +16% |
| TMO Thermo Fisher Scientific Inc | Trim | $313.2M | $517.1M | -29% |
| META Meta Platforms, Inc. | Add | $302.6M | $264.8M | +32% |
| GS The Goldman Sachs Group, Inc. | Trim | $298.4M | $428.9M | -28% |
| NEE NextEra Energy, Inc. | Add | $281.8M | $152.7M | +60% |
| FCX Freeport-McMoRan, Inc. | Trim | $269.5M | $235.9M | -1% |
| QCOM QUALCOMM Incorporated | Add | $253.9M | $64.5M | +423% |
| IBN ICICI Bank Limited | Add | $250.0M | $278.3M | +3% |
| BA The Boeing Company | Add | $249.0M | $186.0M | +46% |
| ICE Intercontinental Exchange Inc. | Trim | $247.7M | $258.4M | -1% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.