NS Partners Ltd — Q3 2025 13F Holdings

Name: NS Partners Ltd — 13F Holdings, Q3 2025
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001657111

Total reported value

$2.2B

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Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	NVDA	Nvidia CORP	Stock-Tech	10.45%	+0.76%	-3.40%
2	MSFT	Microsoft CORP	Stock-Tech	10.38%	-3.13%	+1.04%
3	GOOG	Alphabet Inc-cl C	Stock-Comm Services	6.29%	-1.36%	-0.41%
4	AAPL	Apple INC	Stock-Tech	5.44%	+0.15%	-0.90%
5	META	Meta Platforms Inc-class A	Stock-Comm Services	4.85%	-1.25%	+2.33%
6	AMZN	Amazon.com INC	Stock-Consumer Disc	4.34%	-0.55%	+12.94%
7	INTU	Intuit INC	Stock-Tech	2.58%	-2.56%	EXIT
8	MA	Mastercard INC - A	Stock-Financials	2.22%	-0.11%	-1.32%
9	V	Visa Inc-class A Shares	Stock-Financials	2.14%	-0.11%	-1.66%
10	UNH	Unitedhealth Group INC	Stock-Healthcare	2.00%	-0.16%	+19.15%
11	JPM	Jpmorgan Chase & Co	Stock-Financials	1.97%	—	-0.58%
12	TMUS	T-mobile US INC	Stock-Comm Services	1.81%	—	+0.19%
13	MSCI	Msci INC	Stock-Financials	1.65%	-1.69%	EXIT
14	SYK	Stryker CORP	Stock-Healthcare	1.56%	—	+0.03%
15	SPGI	S&p Global INC	Stock-Financials	1.50%	-1.62%	EXIT
16	MAR	Marriott International -cl A	Stock-Consumer Disc	1.47%	—	-0.57%
17	MCD	Mcdonald's CORP	Stock-Consumer Disc	1.45%	—	-0.58%
18	NEE	Nextera Energy INC	Stock-Utilities	1.37%	—	-0.43%
19	BSX	Boston Scientific CORP	Stock-Healthcare	1.35%	-0.33%	-0.08%
20	MCO	Moody's CORP	Stock-Financials	1.34%	-1.49%	EXIT
21	ISRG	Intuitive Surgical INC	Stock-Healthcare	1.25%	—	+0.01%
22	VRSK	Verisk Analytics INC	Stock-Industrials	1.18%	-1.13%	EXIT
23	KO	Coca-cola Co/the	Stock-Consumer Staples	1.14%	—	-0.65%
24	BKNG	Booking Holdings INC	Stock-Consumer Disc	1.11%	-1.07%	EXIT
25	VRSN	Verisign INC	Stock-Tech	1.11%	—	-0.16%
26	YUM	Yum! Brands INC	Stock-Consumer Disc	1.01%	—	-0.59%
27	TME	Tencent Music Entertainm-adr	Stock-Comm Services	0.99%	-0.52%	EXIT
28	ADP	Automatic Data Processing	Stock-Tech	0.99%	-0.83%	EXIT
29	CRM	Salesforce INC	Stock-Tech	0.98%	-1.11%	EXIT
30	ZTS	Zoetis INC	Stock-Healthcare	0.98%	—	-0.03%
31	HDB	Hdfc Bank Ltd-adr	Stock-Financials	0.96%	-0.28%	+105.66%
32	EFX	Equifax INC	Stock-Industrials	0.94%	-0.81%	EXIT
33	IDXX	Idexx Laboratories INC	Stock-Healthcare	0.94%	—	-0.22%
34	FUTU	Futu Holdings Ltd-adr	Stock-Financials	0.93%	—	+99.20%
35	BAC	Bank Of America CORP	Stock-Financials	0.93%	—	-0.14%
36	EQIX	Equinix INC	Stock-Real Estate	0.93%	—	-0.64%
37	NOW	Servicenow INC	Stock-Tech	0.92%	-0.77%	EXIT
38	ADBE	Adobe INC	Stock-Tech	0.92%	-0.92%	EXIT
39	MNST	Monster Beverage CORP	Stock-Consumer Staples	0.90%	—	+0.09%
40	ADSK	Autodesk INC	Stock-Tech	0.82%	-0.77%	EXIT
41	VEEV	Veeva Systems Inc-class A	Stock-Healthcare	0.79%	-0.60%	EXIT
42	NOC	Northrop Grumman CORP	Stock-Industrials	0.76%	—	-0.93%
43	HON	Honeywell International INC	Stock-Industrials	0.73%	—	+0.08%
44	CSGP	Costar Group INC	Stock-Real Estate	0.70%	-0.57%	EXIT
45	MKC	Mccormick & Co-non Vtg Shrs	Stock-Consumer Staples	0.64%	—	-0.83%
46	NKE	Nike INC -cl B	Stock-Consumer Disc	0.63%	—	+0.40%
47	LMT	Lockheed Martin CORP	Stock-Industrials	0.62%	—	-0.61%
48	GRAB	Grab Holdings Limited	Stock-Tech	0.62%	-0.61%	EXIT
49	PM	Philip Morris International	Stock-Consumer Staples	0.62%	+0.67%	+13.16%
50	EW	Edwards Lifesciences CORP	Stock-Healthcare	0.61%	—	-0.04%

1–50 of 74

Holding changes this quarter

Position changes disclosed by NS Partners Ltd for the quarter ending Q3 2025, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	NVDA	Nvidia CORP	+3.2%	-3.40%	Trim
2	MSFT	Microsoft CORP	+1.6%	+1.04%	Trim
3	GOOG	Alphabet Inc-cl C	+1.4%	-0.41%	Trim
4	META	Meta Platforms Inc-class A	+0.5%	+2.33%	Trim
5	AMZN	Amazon.com INC	+0.5%	+12.94%	Add
6	VALE	Vale Sa-sp Adr	+0.3%	+678.32%	Add
7	GRAB	Grab Holdings Limited	+0.3%	-12.12%	Add
8	IDXX	Idexx Laboratories INC	+0.2%	-0.22%	Trim
9	IBN	Icici Bank Ltd-spon Adr	+0.2%	-2.38%	Add
10	UNH	Unitedhealth Group INC	+0.2%	+19.15%	Add
11	VEEV	Veeva Systems Inc-class A	+0.1%	-0.03%	Trim
12	ALLE	Allegion plc	+0.1%	+0.08%	Trim
13	JPM	Jpmorgan Chase & Co	+0.1%	-0.58%	Trim
14	BAC	Bank Of America CORP	+0.1%	-0.14%	Trim
15	NOW	Servicenow INC	+0.1%	+6.63%	Add
16	ADSK	Autodesk INC	0%	+0.01%	Trim
17	BKNG	Booking Holdings INC	0%	-0.11%	Trim
18	NOC	Northrop Grumman CORP	0%	-0.93%	Trim
19	MNST	Monster Beverage CORP	0%	+0.09%	Trim
20	INTU	Intuit INC	-0.1%	+0.02%	Trim
21	BAP	Credicorp Ltd.	-0.2%	-33.65%	Trim
22	KVUE	Kenvue INC	-0.2%	+3.19%	Add
23	BDX	Becton Dickinson And Co	-0.2%	-1.00%	Trim
24	AAPL	Apple INC	-0.2%	-0.90%	Trim
25	ADBE	Adobe INC	-0.2%	-0.06%	Trim
26	BSX	Boston Scientific CORP	-0.3%	-0.08%	Trim
27	MKC	Mccormick & Co-non Vtg Shrs	-0.3%	-0.83%	Trim
28	SBUX	Starbucks CORP	-0.3%	+0.01%	Trim
29	ZTS	Zoetis INC	-0.3%	-0.03%	Trim
30	MCD	Mcdonald's CORP	-0.3%	-0.58%	Trim
31	KO	Coca-cola Co/the	-0.3%	-0.65%	Trim
32	ISRG	Intuitive Surgical INC	-0.4%	+0.01%	Trim
33	SPGI	S&p Global INC	-0.4%	-2.10%	Trim
34	CRM	Salesforce INC	-0.4%	+0.11%	Trim
35	VRSK	Verisk Analytics INC	-0.5%	+0.08%	Trim
36	V	Visa Inc-class A Shares	-0.5%	-1.66%	Trim
37	TMUS	T-mobile US INC	-0.6%	+0.19%	Trim
38	QFIN	Qfin Holdings Inc-adr	-0.6%	-59.28%	Trim
39	TME	Tencent Music Entertainm-adr	—	NEW	New buy
40	TCOM	Trip.com Group Ltd-adr	—	EXIT	Sold out
41	HDB	Hdfc Bank Ltd-adr	—	NEW	New buy
42	FUTU	Futu Holdings Ltd-adr	—	NEW	New buy
43	PEP	Pepsico INC	—	EXIT	Sold out
44	YMM	Full Truck Alliance -spn Adr	—	EXIT	Sold out
45	SNPS	Synopsys INC	—	NEW	New buy
46	AKX	Ansys INC	—	EXIT	Sold out
47	VNET	Vnet Group Inc-adr	—	NEW	New buy
48	VIST	Vista Energy Sab De Cv	—	NEW	New buy
49	JNJ	Johnson & Johnson	—	EXIT	Sold out
50	PBR	Petroleo Brasileiro-spon Adr	—	EXIT	Sold out