Ninety One North America, Inc.

CIK 0001633343 · Q1 2026

13F Equity AUM

$2.2B

-9.7% QoQ

Positions

100

-2 QoQ

AUM Rank

#1,686

Top 14%

Skill Alpha (FF)

-0.9%/yr^ns

No Clear Edge

Rank #3,583 · Top 44%

vs S&P -3.6%/yr (unadj.)

Quarters Tracked

~11 years

Portfolio Concentration

Top 5: 24.1%Top 10: 40.0%Top 20: 64.0%

V6.0%

4I15.3%

GOOGL4.9%

MSFT4.1%

MA3.8%

BKNG3.5%

ADSK3.2%

JNJ3.1%

EA3.1%

INTU2.9%

Others (90)60.0%

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

Sector Allocation

Financial Services27.6%

Technology24.6%

Healthcare11.6%

Communication Services8.9%

Industrials7.3%

Consumer Staples5.3%

Consumer Cyclical4.5%

Energy2.9%

Other7.2%

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

Position Sizing

Positions: 100Median: 0.41%Avg: 1.00%

0–0.5%

56(10.1%)

0.5–1%

10(6.4%)

1–3%

25(46.5%)

3–5%

7(25.7%)

5%+

2(11.4%)

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

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Portfolio Overlap

Shared: 100Unique: 0vs 20 funds

1.4%Low

100

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)

BlackRock, Inc.

2.5%

MORGAN STANLEY

1.9%

BANK OF AMERICA CORP /DE/

2.1%

JPMORGAN CHASE & CO

2.1%

FMR LLC

3.3%

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

New8Increased54Decreased38Exited10

New Positions

AZN1.4%

+159K

ALLE1.4%

+211K

LIN0.7%

+32K

TT0.3%

+15K

QCOM0.1%

+23K

KEY0.1%

+127K

SHYG0.0%

+6K

VCIT0.0%

+3K

Increased

XP1.6%

+489K(+34%)

VIST2.1%

+131K(+27%)

EW2.3%

+69K(+12%)

IBN0.8%

+66K(+11%)

MRSH2.4%

+44K(+16%)

INTU2.9%

+42K(+39%)

INDA2.4%

+35K(+3%)

AAPL0.5%

+20K(+78%)

ALC2.5%

+19K(+3%)

FTI0.5%

+18K(+13%)

Decreased

KGC0.2%

-285,072(-65%)

TX1.1%

-187,486(-24%)

NU1.7%

-172,040(-6%)

EEM0.2%

-118,778(-64%)

HDB0.1%

-103,106(-52%)

TSM2.7%

-76,325(-30%)

GOOGL4.9%

-49,127(-12%)

NEE1.1%

-26,871(-9%)

ASX0.4%

-22,589(-5%)

MSFT4.1%

-12,115(-5%)

Exited

-455,399

-3,361,779

-1,580,941

-26,425

-83,397

-35,423

-9,402

-15,863

-42,200

-717

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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