Ninety One SA (PTY) Ltd

CIK 0001491998 · Q1 2026

13F Equity AUM

$2.3B

+0.5% QoQ

Positions

0 QoQ

AUM Rank

#1,640

Top 13%

Skill Alpha (FF)

-0.9%/yr^ns

No Clear Edge

Rank #3,549 · Top 43%

vs S&P -2.0%/yr (unadj.)

Quarters Tracked

~11 years

Portfolio Concentration

Top 5: 73.0%Top 10: 78.7%Top 20: 86.5%

AU63.3%

GOOGL2.9%

BRK/A2.8%

NVDA2.3%

MSFT1.8%

JNJ1.6%

AAPL1.1%

JPM1.1%

V1.0%

AMZN1.0%

Others (86)21.3%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Basic Materials64.8%

Technology7.9%

Financial Services5.3%

Communication Services4.9%

Healthcare3.9%

Consumer Cyclical3.0%

Industrials2.8%

Financials2.8%

Other4.7%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 96Median: 0.19%Avg: 1.04%

0–0.5%

70(10.2%)

0.5–1%

18(13.1%)

1–3%

7(13.4%)

3–5%

0(0.0%)

5%+

1(63.3%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 96Unique: 0vs 20 funds

1.3%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

2.4%

3.3%

1.8%

BANK OF AMERICA CORP /DE/

VANGUARD CAPITAL MANAGEMENT LLC

2.7%

STATE STREET CORP

2.7%

GEODE CAPITAL MANAGEMENT, LLC

2.5%

VANGUARD PORTFOLIO MANAGEMENT LLC

3.1%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New20Increased39Decreased33Exited20

New Positions

CHV0.9%

+102K

COP0.7%

+123K

KEY0.3%

+415K

FDX0.3%

+17K

GOOG0.2%

+17K

IWM0.1%

+14K

UNH0.1%

+11K

CME0.1%

+8K

HLT0.1%

+8K

AON0.1%

+7K

Increased

BSX0.3%

+84K(+1031%)

CFG0.6%

+76K(+50%)

EW0.9%

+74K(+41%)

GOOGL2.9%

+60K(+34%)

AER0.3%

+56K(+1481%)

BA0.5%

+55K(+3116%)

META0.8%

+29K(+1046%)

JNJ1.6%

+16K(+12%)

ICE0.1%

+15K(+709%)

SCHW0.1%

+15K(+70%)

Decreased

AU63.3%

-658,870(-4%)

GM0.0%

-108,156(-94%)

TKO0.6%

-68,704(-52%)

EA0.0%

-50,081(-95%)

TTWO0.3%

-40,564(-55%)

MSFT1.8%

-37,865(-25%)

TSM0.6%

-34,398(-45%)

MICC0.0%

-26,576(-88%)

MRK0.0%

-20,169(-81%)

AVGO0.7%

-18,680(-27%)

Exited

-143,470

-115,802

-293,246

-109,561

-144,433

-44,119

-32,751

-221,591

-145,854

BROS

-87,790

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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