NO
Ninety One SA SEC 13F Holdings (Q3 2026) — Top Position: AngloGold Ashanti plc
Ninety One SACIK: 0001491998
Concentrated strategySector-focusedMomentum follower
Total reported value
$2.0B
Reporting period: 2026-09-30 · Number of holdings: 103
Ninety One SA disclosed 103 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $2.0B and a quarterly turnover rate of 23.9%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 23.86
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 100
- Sizing Uniformity
- 45.7
Ninety One SA's disclosed holdings carry a Herfindahl concentration index of 0.293 — mathematically equivalent to about 3 equally-sized positions, well below its 103 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 5.43), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 3.2 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd AU
+1.8% $162.2M
Sold out BRK-A
Add B
+2158.1% $30.3M
Add NEM
+2381.6% $18.2M
Add MSFT
-1.1% $20.9M
Add META
+1291.4% $13.7M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AU | AngloGold Ashanti plc | Stock-Materials | 53.48% | +4.40% | +1.82% | |
| 2 | MSFT | Microsoft CORP | Stock-Tech | 3.83% | +0.82% | -1.12% | |
| 3 | NVDA | Nvidia CORP | Stock-Tech | 3.71% | +0.19% | -1.34% | |
| 4 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.39% | +0.18% | +17.25% | |
| 5 | AAPL | Apple Inc | Stock-Tech | 2.10% | +0.14% | -0.18% | |
| 6 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.90% | -0.06% | +0.27% | |
| 7 | B | Barrick Mining CORP | Stock-Materials | 1.58% | +1.51% | +2158.14% | |
| 8 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.25% | -0.03% | -0.06% | |
| 9 | V | Visa Inc-class A Shares | Stock-Financials | 1.15% | -0.23% | -14.54% | |
| 10 | EW | Edwards Lifesciences CORP | Stock-Healthcare | 1.15% | -0.14% | +0.79% | |
| 11 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.09% | -0.08% | -0.05% | |
| 12 | BKNG | Booking Holdings Inc | Stock-Consumer Disc | 1.02% | -0.18% | +0.90% | |
| 13 | CVX | Chevron CORP | Stock-Energy | 0.99% | +0.03% | -9.59% | |
| 14 | NEM | Newmont CORP | Stock-Materials | 0.94% | +0.91% | +2381.61% | |
| 15 | IGV | Ishares Expanded Tech-softwa | ETF-Tech | 0.89% | +0.50% | +105.15% | |
| 16 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.88% | -0.08% | -0.13% | |
| 17 | SLB | Slb LTD | Stock-Energy | 0.86% | -0.09% | -6.60% | |
| 18 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 0.82% | +0.08% | -11.95% | |
| 19 | AVGO | Broadcom Inc | Stock-Tech | 0.78% | -0.15% | -3.81% | |
| 20 | J | Jacobs Solutions Inc | Stock-Industrials | 0.77% | — | -1.13% | |
| 21 | COP | Conocophillips | Stock-Energy | 0.76% | +0.05% | -4.37% | |
| 22 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.75% | -0.14% | -6.23% | |
| 23 | SNX | TD Synnex CORP | Stock-Tech | 0.74% | -0.08% | +0.47% | |
| 24 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.73% | +0.69% | +1291.42% | |
| 25 | MA | Mastercard Inc - A | Stock-Financials | 0.69% | -0.02% | -2.45% | |
| 26 | CRH | CRH plc | Stock-Materials | 0.64% | -0.25% | -0.02% | |
| 27 | KGC | Kinross Gold CORP | Stock-Materials | 0.63% | -0.02% | +1.33% | |
| 28 | TKO | Tko Group Holdings Inc | Stock-Comm Services | 0.58% | -0.13% | -0.07% | |
| 29 | DELL | Dell Technologies -c | Stock-Tech | 0.57% | +0.08% | — | |
| 30 | BA | Boeing Co/the | Stock-Industrials | 0.56% | -0.14% | -0.04% | |
| 31 | IYH | Ishares U.s. Healthcare ETF | ETF-Other | 0.55% | +0.18% | +48.88% | |
| 32 | CFG | Citizens Financial Group | Stock-Financials | 0.52% | -0.40% | -32.91% | |
| 33 | GM | General Motors Co | Stock-Consumer Disc | 0.52% | -0.03% | -0.05% | |
| 34 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.51% | -0.22% | -14.66% | |
| 35 | DAL | Delta Air Lines Inc | Stock-Industrials | 0.51% | -0.11% | -0.76% | |
| 36 | AER | AerCap Holdings N.V. | Stock-Industrials | 0.49% | -0.08% | -4.91% | |
| 37 | SPGI | S&p Global Inc | Stock-Financials | 0.47% | -0.11% | -8.66% | |
| 38 | MCO | Moody's CORP | Stock-Financials | 0.45% | -0.03% | +1.35% | |
| 39 | RACE | Ferrari N.V. | Stock-Consumer Disc | 0.45% | — | -0.04% | |
| 40 | INTU | Intuit Inc | Stock-Tech | 0.43% | -0.03% | -5.14% | |
| 41 | VRSK | Verisk Analytics Inc | Stock-Industrials | 0.43% | -0.05% | +1.97% | |
| 42 | PM | Philip Morris International | Stock-Consumer Staples | 0.41% | -0.27% | -38.26% | |
| 43 | PLD | Prologis Inc | Stock-Real Estate | 0.38% | -0.05% | -0.34% | |
| 44 | NTES | Netease Inc-adr | Stock-Comm Services | 0.38% | -0.11% | -10.90% | |
| 45 | TTWO | Take-two Interactive Softwre | Stock-Comm Services | 0.36% | -0.11% | -0.03% | |
| 46 | EEM | Ishares Msci Emerging Market | ETF-Emerging Markets | 0.34% | -0.04% | — | |
| 47 | ADSK | Autodesk Inc | Stock-Tech | 0.33% | — | +1.83% | |
| 48 | IBKR | Interactive Brokers Gro-cl A | Stock-Financials | 0.32% | -0.03% | -0.09% | |
| 49 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.31% | -0.09% | — | |
| 50 | GNRC | Generac Holdings Inc | Stock-Industrials | 0.29% | -0.15% | — |
1–50 of 103
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Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Portfolio Performance
Performance for Q4 2026
+9.8%
Performance Last 4 Quarters
+10.1%
- Stdev
- +26.8%
- Beta
- +0.96
- Alpha
- +2.3%
- Max Drawdown
- -23.7%
- Annualized Perf
- +22.7%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +1.68
- Stutzer
- +0.27
- Treynor
- +0.25
- Sterling
- +1.05
- Calmar
- +0.96
- Information Ratio
- +0.06
- Tracking Error
- +24.1%
- Stdev Down
- +14.3%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +59.8%
- Worst 12 Months
- +3.2%
- Efficiency Ratio
- +0.46
- Sharpe
- +0.89
- Stdev Sectors
- +16.1%
- Skewness
- +0.77
- Kurtosis
- +3.38
- Upside Potential
- +2.97
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 103 | $2.0B | 24 | ||
| 2026 Q2 | 110 | $1.8B | 0 | ||
| 2026 Q1 | 97 | $2.3B | 22 | ||
| 2025 Q4 | 96 | $2.3B | 16 | ||
| 2025 Q3 | 97 | $2.2B | 100 | ||
| 2025 Q2 | 74 | $608.8M | 0 | ||
| 2025 Q1 | 74 | $539.6M | 100 | ||
| 2024 Q4 | 74 | $453.4M | 0 | ||
| 2024 Q3 | 75 | $457.9M | 0 | ||
| 2024 Q2 | 71 | $645.1M | 0 | ||
| 2024 Q1 | 73 | $694.3M | 0 | ||
| 2023 Q4 | 71 | $657.5M | 0 | ||
| 2023 Q3 | 69 | $517.6M | 0 | ||
| 2023 Q2 | 65 | $404.5M | 0 | ||
| 2023 Q1 | 73 | $393.3M | 0 | ||
| 2022 Q4 | 72 | $307.7M | 0 | ||
| 2022 Q3 | 77 | $252.3M | 0 | ||
| 2022 Q2 | 97 | $282.4M | 0 | ||
| 2022 Q1 | 104 | $357.8M | 0 | ||
| 2021 Q4 | 112 | $342.4M | 0 | ||
| 2021 Q3 | 109 | $257.3M | 0 | ||
| 2021 Q2 | 112 | $273.2M | 98 | ||
| 2021 Q1 | 113 | $263.2M | 39 | ||
| 2020 Q4 | 113 | $254.5M | 40 | ||
| 2020 Q3 | 105 | $197.6M | 70 | ||
| 2020 Q2 | 89 | $209.0M | 56 | ||
| 2020 Q1 | 109 | $204.1M | 73 | ||
| 2019 Q4 | 103 | $177.4M | 0 | ||
| 2019 Q3 | 103 | $177.4M | 16 | ||
| 2019 Q2 | 103 | $178.8M | 35 | ||
| 2019 Q1 | 108 | $189.3M | 19 | ||
| 2018 Q4 | 113 | $170.3M | 100 | ||
| 2018 Q3 | 108 | $611.3M | 37 | ||
| 2018 Q2 | 131 | $738.0M | 100 | ||
| 2018 Q1 | 98 | $213.3M | 29 | ||
| 2017 Q4 | 75 | $200.4M | 18 | ||
| 2017 Q3 | 75 | $189.5M | 19 | ||
| 2017 Q2 | 79 | $180.4M | 23 | ||
| 2017 Q1 | 78 | $153.4M | 24 | ||
| 2016 Q4 | 79 | $147.1M | 26 | ||
| 2016 Q3 | 86 | $157.4M | 41 | ||
| 2016 Q2 | 64 | $116.0M | 19 | ||
| 2016 Q1 | 27 | $105.3M | 24 | ||
| 2015 Q4 | 27 | $113.1M | 15 | ||
| 2015 Q3 | 30 | $109.7M | 7 | ||
| 2015 Q2 | 23 | $108.8M | 0 |
Holding changes this quarter
Ninety One SA's most significant position changes for 2026-09-30: Sold out: Berkshire Hathaway Inc-cl A (BRK-A); Sold out: Goldman Sachs Group Inc (GS); New buy: Edison International (EIX); Sold out: Broadridge Financial Solutio (BR); Sold out: Ishares US Treasury Bond ETF (GOVT).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AU | AngloGold Ashanti plc | +4.4% | +1.82% | Add |
| 2 | B | Barrick Mining CORP | +1.5% | +2158.14% | Add |
| 3 | NEM | Newmont CORP | +0.9% | +2381.61% | Add |
| 4 | MSFT | Microsoft CORP | +0.8% | -1.12% | Trim |
| 5 | META | Meta Platforms Inc-class A | +0.7% | +1291.42% | Add |
| 6 | IGV | Ishares Expanded Tech-softwa | +0.5% | +105.15% | Add |
| 7 | NVDA | Nvidia CORP | +0.2% | -1.34% | Trim |
| 8 | GOOGL | Alphabet Inc-cl A | +0.2% | +17.25% | Add |
| 9 | IYH | Ishares U.s. Healthcare ETF | +0.2% | +48.88% | Add |
| 10 | AAPL | Apple Inc | +0.1% | -0.18% | Trim |
| 11 | TMO | Thermo Fisher Scientific Inc | +0.1% | -11.95% | Trim |
| 12 | DELL | Dell Technologies -c | +0.1% | — | Unchanged |
| 13 | EIX | Edison International | +0.1% | NEW | New buy |
| 14 | COP | Conocophillips | +0.1% | -4.37% | Trim |
| 15 | AXP | American Express Co | 0% | NEW | New buy |
| 16 | CVX | Chevron CORP | 0% | -9.59% | Trim |
| 17 | ✓ | 0% | NEW | New buy | |
| 18 | FICO | Fair Isaac CORP | 0% | NEW | New buy |
| 19 | ✓ | 0% | NEW | New buy | |
| 20 | STX | Seagate Technology Holdings plc | 0% | NEW | New buy |
| 21 | ILMN | Illumina Inc | 0% | NEW | New buy |
| 22 | DB | Deutsche Bank Aktiengesellschaft | 0% | NEW | New buy |
| 23 | MRSH | Marsh & Mclennan Cos | 0% | +42.14% | Add |
| 24 | SYY | Sysco CORP | 0% | NEW | New buy |
| 25 | EL | Estee Lauder Companies-cl A | 0% | NEW | New buy |
| 26 | CMG | Chipotle Mexican Grill Inc | 0% | NEW | New buy |
| 27 | VIK | Viking Holdings Ltd | 0% | NEW | New buy |
| 28 | J | Jacobs Solutions Inc | — | -1.13% | Trim |
| 29 | ADSK | Autodesk Inc | — | +1.83% | Add |
| 30 | RACE | Ferrari N.V. | — | -0.04% | Trim |
| 31 | XPEV | XPeng Inc. | — | — | Unchanged |
| 32 | MRK | Merck & Co. Inc. | — | — | Unchanged |
| 33 | QCOM | Qualcomm Inc | — | EXIT | Sold out |
| 34 | ROK | Rockwell Automation Inc | — | — | Unchanged |
| 35 | PLNT | Planet Fitness Inc - Cl A | — | EXIT | Sold out |
| 36 | ABT | Abbott Laboratories | — | -24.33% | Trim |
| 37 | VRSN | Verisign Inc | — | -2.68% | Trim |
| 38 | FCX | Freeport-mcmoran Inc | — | -1.51% | Trim |
| 39 | ALGN | Align Technology Inc | — | -2.70% | Trim |
| 40 | FDS | Factset Research Systems Inc | — | -2.80% | Trim |
| 41 | GLPI | Gaming And Leisure Propertie | — | -1.50% | Trim |
| 42 | MSI | Motorola Solutions Inc | — | -2.70% | Trim |
| 43 | UBS | UBS Group AG | — | -1.50% | Trim |
| 44 | MNTK | Montauk Renewables Inc | — | EXIT | Sold out |
| 45 | TRU | Transunion | — | +12.89% | Add |
| 46 | TW | Tradeweb Markets Inc-class A | — | -1.51% | Trim |
| 47 | MICC | The Magnum Ice Cream Company N. | — | — | Unchanged |
| 48 | ASPI | Asp Isotopes Inc | 0% | EXIT | Sold out |
| 49 | EA | Electronic Arts Inc | 0% | EXIT | Sold out |
| 50 | PAAS | Pan American Silver CORP | 0% | EXIT | Sold out |
1–50 of 122
Filing History
FAQ
What is Ninety One SA and what type of investor is it?
Ninety One SA is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $2.0B, spread across 103 disclosed positions.
What are Ninety One SA's largest equity positions?
Based on the latest 13F filing, Ninety One SA's top holdings by market value are:
1. AngloGold Ashanti plc (AU) — $1.1B (53.5%)
2. Microsoft CORP (MSFT) — $76.6M (3.8%)
3. Nvidia CORP (NVDA) — $74.2M (3.7%)
4. Alphabet Inc-cl A (GOOGL) — $67.7M (3.4%)
5. Apple Inc (AAPL) — $42.1M (2.1%)
What changes did Ninety One SA make in its most recent portfolio filing?
In the latest reported quarter, Ninety One SA made 112 notable position adjustments: 12 new positions were initiated, 19 existing holdings were added to, 62 positions were partially reduced, and 19 were completely exited. The largest of these moves: Sold out: Berkshire Hathaway Inc-cl A (BRK-A); Sold out: Goldman Sachs Group Inc (GS); New buy: Edison International (EIX); Sold out: Broadridge Financial Solutio (BR); Sold out: Ishares US Treasury Bond ETF (GOVT)
What sectors does Ninety One SA focus on?
Ninety One SA is concentrated in the following sectors based on its current disclosed equity portfolio:
• Materials: 58.5%
• Information Technology: 14.1%
• Communication Services: 5.7%
• Health Care: 5.6%
• Financials: 5.1%
• Consumer Discretionary: 3.8%
Investment Profile
Ninety One SA returned an annualized 22.7% over the trailing 36 months — outperforming the S&P 500 by 2.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.96 (roughly in line with the market) and a 44% quarterly batting average against the index.
Its portfolio is concentrated and moderately active, with 58.5% of the portfolio concentrated in Materials.
Its turnover score has fallen from 100 to 24 over the past 4 quarters — a shift toward longer holding periods.
It has added to its MSFT position over the past two quarters (+$35.9M, now $76.6M), while trimming PM over the same stretch (-$13.3M, still holding $8.1M).
Peer Institutions
Institutions with a similar AUM
CC
Casdin Capital, LLC
CIK 0001534261
Total reported value
$2.0B
43 stks
2026-06-30
Concentration44.2
Portfolio Stability47.6
Sector conviction100.0
AUM within 0.1% of this institution
View detail
NL
Nwam LLC
CIK 0001655006
Total reported value
$2.0B
684 stks
2026-06-30
Concentration3.8
Portfolio Stability28.8
Sector conviction67.9
AUM within 0.1% of this institution
View detail
SB
Strategic Blueprint, LLC
CIK 0001767821
Total reported value
$2.0B
697 stks
2026-06-30
Concentration3.2
Portfolio Stability24.9
Sector conviction60.4
AUM within 0.2% of this institution
View detail
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Developer Access
Access Ninety One SA's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/ninety-one-sa-pty-ltdCLI
npx alphasmo institutions get ninety-one-sa-pty-ltd