Ninety One SA (Pty) Ltd

CIK

1491998

Location

Cape Town, T3

Portfolio Value

Mid $2,275,113,996

Diversification

Highly concentrated

Filing Date

Global Rank

#1,115 / 8,605 ▲ 33 · as of Mar 2026

Top Industry

Gold 66.4%

3Y Alpha vs SPY

-1.9%

Period ended 3 months ago

Filed Apr 24, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+67.0%

SPY

+76.5%

Annualised alpha

-2.2%

Max drawdown

−25.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

92 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

65.5%

+4.2 pts

Top 5

74.3%

+3.5 pts

Top 10

79.5%

+2.8 pts

HHI

4,325

Highly concentrated+522

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Basic Materials	67.0%	$1,525,395,772	7
Technology	8.3%	$188,750,052	14
Financial Services	5.7%	$128,898,759	18
Communication Services	5.0%	$114,151,720	7
Healthcare	4.0%	$90,572,766	12
Consumer Cyclical	3.1%	$71,057,596	10
Industrials	2.8%	$63,804,275	10
Energy	2.6%	$58,991,951	5
Consumer Defensive	1.1%	$25,093,364	5
Real Estate	0.3%	$7,834,273	3
Unclassified	0.0%	$563,468	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BSX	Boston Scientific Corp	+83,631	91,742	$5,756,810
CFG	Citizens Financial Group Inc/Ri	+76,006	228,743	$13,717,717
EW	Edwards Lifesciences Corp	+74,403	255,909	$20,493,192
GOOGL	Alphabet Inc.	+60,017	236,638	$68,047,623
AER	AerCap Holdings N.V.	+56,077	59,863	$8,212,006
BA	Boeing Co	+54,533	56,283	$11,202,005
META	Meta Platforms, Inc.	+28,918	31,683	$18,126,794
JNJ	Johnson & Johnson	+16,154	152,923	$37,380,498
ICE	Intercontinental Exchange, Inc.	+14,897	16,997	$2,673,288
SCHW	Schwab Charles Corp	+14,606	35,362	$3,323,320
NVDA	Nvidia Corp	+13,711	308,396	$53,784,262
INTU	Intuit Inc.	+11,520	26,276	$11,361,216
ZTS	Zoetis Inc.	+11,008	12,374	$1,462,730
NTES	NetEase, Inc.	+9,643	68,946	$7,717,815
V	Visa Inc.	+9,620	77,655	$23,470,447
XOM	Exxon Mobil Corp	+8,794	12,323	$2,090,720
PLNT	Planet Fitness, Inc.	+7,958	153,198	$11,394,867
ADP	Automatic Data Processing Inc	+7,666	9,203	$1,869,865
CRH	Crh Public Ltd Co	+7,425	145,699	$15,315,878
AAPL	Apple Inc.	+6,859	100,105	$25,405,647
DAL	Delta Air Lines, Inc.	+5,857	115,311	$7,665,875
J	Jacobs Solutions Inc.	+5,383	107,790	$13,719,511
AMZN	Amazon Com Inc	+5,290	109,786	$22,865,130
JPM	Jpmorgan Chase & Co	+4,664	85,348	$25,105,967
TMO	Thermo Fisher Scientific Inc.	+4,542	32,734	$16,089,743
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
AU	AngloGold Ashanti PLC	−658,870	15,302,064	$1,489,808,950
GM	General Motors Co	−108,156	6,572	$489,614
TKO	TKO Group Holdings, Inc.	−68,704	64,483	$13,002,996
EA	Electronic Arts Inc.	−50,081	2,821	$575,117
TTWO	Take Two Interactive Software Inc	−40,564	32,622	$6,442,845
MSFT	Microsoft Corp	−37,865	111,076	$41,117,002
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−34,398	41,678	$14,085,080
MICC	Magnum Ice Cream Co N.V.	−26,576	3,511	$52,489
MRK	Merck & Co., Inc.	−20,169	4,749	$571,257
AVGO	Broadcom Inc.	−18,680	49,682	$15,377,075
ADSK	Autodesk, Inc.	−16,228	31,671	$7,582,037
AEM	Agnico Eagle Mines Ltd	−11,562	94,525	$19,186,684
MA	Mastercard Inc	−7,912	25,053	$12,517,981
GS	Goldman Sachs Group Inc	−7,289	13,487	$11,409,867
QCOM	Qualcomm Inc/De	−6,747	2,153	$277,263
ABT	Abbott Laboratories	−2,675	4,335	$445,074
BKNG	Booking Holdings Inc.	−2,215	2,828	$11,906,784
PM	Philip Morris International Inc.	−1,732	130,423	$21,564,138
B	Barrick Mining Corp	−1,395	12,640	$515,585
UBS	UBS Group AG	−1,244	11,272	$440,397
MNST	Monster Beverage Corp	−1,148	3,810	$276,072
FCX	Freeport-Mcmoran Inc	−705	6,391	$375,662
ZG	Zillow Group, Inc.	−636	5,763	$238,530
KLAC	Kla Corp	−623	891	$1,311,917
TRU	TransUnion	−582	5,278	$365,184
No positions match the current search.

New Positions

Positions the filer opened this quarter

18 positions

Ticker	Company	Shares	Value
CVX	Chevron Corp	102,180	$21,141,042
COP	Conocophillips	122,729	$16,200,228
KEY	Keycorp /New/	414,603	$8,312,790
FDX	Fedex Corp	16,611	$5,916,505
UNH	Unitedhealth Group Inc	11,142	$3,014,913
CME	Cme Group Inc.	7,900	$2,333,265
HLT	Hilton Worldwide Holdings Inc.	7,598	$2,310,399
AON	Aon plc	6,550	$2,114,209
YUM	Yum Brands Inc	12,097	$1,880,841
YUMC	Yum China Holdings, Inc.	28,166	$1,373,937
CPRT	Copart Inc	41,255	$1,369,666
BABA	Alibaba Group Holding Ltd	8,905	$1,117,221
WMT	Walmart Inc.	6,461	$802,973
AZN	Astrazeneca PLC	4,040	$796,768
FANG	Diamondback Energy, Inc.	3,311	$654,882
FISV	Fiserv Inc	10,098	$563,468
NEM	NEWMONT Corp /DE/	1,750	$189,437
MNTK	Montauk Renewables, Inc.	3,110	$3,576
No positions match the current search.

Sold Out

Positions the filer fully exited

20 positions

Ticker	Company	Shares	Value
NFLX	Netflix Inc	143,470	$13,451,747
ACM	Aecom	115,802	$11,039,404
HDB	Hdfc Bank Ltd	293,246	$10,715,208
TTE	TotalEnergies SE	109,561	$7,167,480
TECK	Teck Resources Ltd	144,433	$6,916,896
TWLO	Twilio Inc	44,119	$6,275,486
ICLR	Icon PLC	32,751	$5,967,887
PINS	Pinterest, Inc.	221,591	$5,736,990
SW	Smurfit Westrock plc	145,854	$5,640,174
BROS	Dutch Bros Inc.	87,790	$5,374,503
DASH	DoorDash, Inc.	22,655	$5,130,904
KO	Coca Cola Co	18,390	$1,285,644
PG	PROCTER & GAMBLE Co	3,058	$438,241
TXN	Texas Instruments Inc	2,461	$426,958
ACN	Accenture plc	1,530	$410,499
ADBE	Adobe Inc.	1,129	$395,138
CSCO	Cisco Systems, Inc.	3,850	$296,565
LNG	Cheniere Energy, Inc.	1,135	$220,632
OKTA	Okta, Inc.	2,266	$195,941
HOOD	Robinhood Markets, Inc.	1,656	$187,293
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

92 positions · $2,275,113,996 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Showing 1–50 of 92 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AU	AngloGold Ashanti PLC Basic Materials	Reduced	15,302,064	-658,870	$1,489,808,950	+9.5%	65.48%
GOOGL	Alphabet Inc. Communication Services	Added	236,638	+60,017	$68,047,623	+23.1%	2.99%
NVDA	Nvidia Corp Technology	Added	308,396	+13,711	$53,784,262	−2.1%	2.36%
MSFT	Microsoft Corp Technology	Reduced	111,076	-37,865	$41,117,002	−42.9%	1.81%
JNJ	Johnson & Johnson Healthcare	Added	152,923	+16,154	$37,380,498	+32.1%	1.64%
AAPL	Apple Inc. Technology	Added	100,105	+6,859	$25,405,647	+0.2%	1.12%
JPM	Jpmorgan Chase & Co Financial Services	Added	85,348	+4,664	$25,105,967	−3.4%	1.10%
V	Visa Inc. Financial Services	Added	77,655	+9,620	$23,470,447	−1.6%	1.03%
AMZN	Amazon Com Inc Consumer Cyclical	Added	109,786	+5,290	$22,865,130	−5.2%	1.01%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	130,423	-1,732	$21,564,138	+1.7%	0.95%
CVX	Chevron Corp Energy	NEW	102,180	NEW	$21,141,042	NEW	0.93%
EW	Edwards Lifesciences Corp Healthcare	Added	255,909	+74,403	$20,493,192	+32.4%	0.90%
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	94,525	-11,562	$19,186,684	+6.7%	0.84%
VLO	Valero Energy Corp/Tx Energy	Held	76,514	0	$18,905,079	+51.8%	0.83%
META	Meta Platforms, Inc. Communication Services	Added	31,683	+28,918	$18,126,794	+893.2%	0.80%
COP	Conocophillips Energy	NEW	122,729	NEW	$16,200,228	NEW	0.71%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	32,734	+4,542	$16,089,743	−1.5%	0.71%
AVGO	Broadcom Inc. Technology	Reduced	49,682	-18,680	$15,377,075	−35.0%	0.68%
CRH	Crh Public Ltd Co Basic Materials	Added	145,699	+7,425	$15,315,878	−11.2%	0.67%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	41,678	-34,398	$14,085,080	−39.1%	0.62%
J	Jacobs Solutions Inc. Industrials	Added	107,790	+5,383	$13,719,511	+1.1%	0.60%
CFG	Citizens Financial Group Inc/Ri Financial Services	Added	228,743	+76,006	$13,717,717	+53.8%	0.60%
TKO	TKO Group Holdings, Inc. Communication Services	Reduced	64,483	-68,704	$13,002,996	−53.3%	0.57%
MA	Mastercard Inc Financial Services	Reduced	25,053	-7,912	$12,517,981	−33.5%	0.55%
BKNG	Booking Holdings Inc. Consumer Cyclical	Reduced	2,828	-2,215	$11,906,784	−55.9%	0.52%
GS	Goldman Sachs Group Inc Financial Services	Reduced	13,487	-7,289	$11,409,867	−37.5%	0.50%
PLNT	Planet Fitness, Inc. Consumer Cyclical	Added	153,198	+7,958	$11,394,867	−27.7%	0.50%
INTU	Intuit Inc. Technology	Added	26,276	+11,520	$11,361,216	+16.2%	0.50%
RACE	Ferrari N.V. Consumer Cyclical	Added	33,388	+1,708	$11,300,168	−3.5%	0.50%
BA	Boeing Co Industrials	Added	56,283	+54,533	$11,202,005	+2848.2%	0.49%
SNX	Td Synnex Corp Technology	Added	54,248	+2,643	$9,152,180	+18.1%	0.40%
MCO	Moodys Corp /De/ Financial Services	Added	19,476	+262	$8,496,405	−13.4%	0.37%
KEY	Keycorp /New/ Financial Services	NEW	414,603	NEW	$8,312,790	NEW	0.37%
AER	AerCap Holdings N.V. Industrials	Added	59,863	+56,077	$8,212,006	+1408.8%	0.36%
NTES	NetEase, Inc. Communication Services	Added	68,946	+9,643	$7,717,815	−5.4%	0.34%
DAL	Delta Air Lines, Inc. Industrials	Added	115,311	+5,857	$7,665,875	+0.9%	0.34%
ADSK	Autodesk, Inc. Technology	Reduced	31,671	-16,228	$7,582,037	−46.5%	0.33%
PLD	Prologis, Inc. Real Estate	Added	55,334	+2,951	$7,314,048	+9.4%	0.32%
SPGI	S&P Global Inc. Financial Services	Added	16,546	+348	$7,037,675	−16.9%	0.31%
TW	Tradeweb Markets Inc. Financial Services	Added	56,094	+2,841	$6,600,020	+15.2%	0.29%
GNRC	Generac Holdings Inc. Industrials	Added	33,350	+1,856	$6,514,255	+51.7%	0.29%
TTWO	Take Two Interactive Software Inc Communication Services	Reduced	32,622	-40,564	$6,442,845	−65.6%	0.28%
TSLA	Tesla, Inc. Consumer Cyclical	Added	17,266	+955	$6,418,635	−12.5%	0.28%
FDX	Fedex Corp Industrials	NEW	16,611	NEW	$5,916,505	NEW	0.26%
BSX	Boston Scientific Corp Healthcare	Added	91,742	+83,631	$5,756,810	+644.4%	0.25%
VRSK	Verisk Analytics, Inc. Industrials	Added	30,333	+963	$5,755,686	−12.4%	0.25%
CHKP	Check Point Software Technologies Ltd Technology	Reduced	25,319	-492	$3,616,819	−24.5%	0.16%
VRSN	Verisign Inc/Ca Technology	Reduced	13,786	-495	$3,423,890	−1.3%	0.15%
SCHW	Schwab Charles Corp Financial Services	Added	35,362	+14,606	$3,323,320	+60.3%	0.15%
GE	General Electric Co Industrials	Added	10,886	+4,088	$3,089,120	+47.5%	0.14%