Ninety One UK portfolio

What changed this quarter

314 positions with a change (85 new, 81 added to, 122 trimmed, 26 sold); also, 1 entered through an IPO. 7 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Illumina+37,920%more sharesIncreased
  under 0.1% → 0.8%
• Meta Platforms+95%more sharesIncreased
  0.6% → 1.6%
• Electronic Arts−0.7 ppof portfolioSold out
  0.7% → —
• Marsh & Mclennan Companies+42%more sharesIncreased
  1.5% → 2.1%
• Eli Lilly−40%fewer sharesReduced
  1.5% → 0.9%
• FedEx+462%more sharesIncreased
  0.1% → 0.6%
• Taiwan Semiconductor Manufacturing−35%fewer sharesReduced
  1.6% → 1.0%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• MicrosoftMSFT5.9%
• NVIDIANVDA5.4%
• AlphabetGOOGL4.9%
• VisaV4.4%
• Johnson & JohnsonJNJ3.8%
• AppleAAPL3.3%
• Philip Morris InternationalPM2.7%
• Amazon.comAMZN2.5%
• Booking HoldingsBKNG2.3%
• Edwards LifesciencesEW2.3%
• Marsh & Mclennan CompaniesMRSH2.1%
• BroadcomAVGO1.7%
• AutodeskADSK1.7%
• Meta PlatformsMETA1.6%
• NeteaseNTES1.5%
• JPMorgan ChaseJPM1.4%
• IntuitINTU1.4%
• Automatic Data ProcessingADP1.3%
• Motorola SolutionsMSI1.3%
• Barrick MiningB1.3%
• Exxon MobilXOM1.3%
• VerisignVRSN1.2%
• Monster BeverageMNST1.2%
• ChevronCVX1.2%
• S&P GlobalSPGI1.2%
• MastercardMA1.1%
• TKO Group HoldingsTKO1.1%
• TD SynnexSNX1.0%
• UnitedHealth GroupUNH1.0%
• Interactive Brokers GroupIBKR1.0%
• Taiwan Semiconductor ManufacturingTSM1.0%
• Trane TechnologiesTT0.9%
• General MotorsGM0.9%
• Eli LillyLLY0.9%
• Citizens Financial GroupCFG0.9%
• IlluminaILMN0.8%
• FerrariRACE0.8%
• Moody'sMCO0.8%
• UBS GroupUBS0.8%
• Thermo Fisher ScientificTMO0.8%
• Freeport-McMoRanFCX0.7%
• AerCap HoldingsAER0.7%
• Check Point Software TechnologiesCHKP0.7%
• Align TechnologyALGN0.7%
• Factset Research SystemsFDS0.7%
• FedExFDX0.6%
• NewmontNEM0.6%
• Icici BankIBN0.6%
• TransUnionTRU0.5%
• BoeingBA0.5%
• Delta Air LinesDAL0.5%
• Deutsche Bank AktiengesellschaftDB0.5%
• Take-two Interactive SoftwareTTWO0.5%
• Intercontinental ExchangeICE0.5%
• Jacobs SolutionsJ0.5%
• XPXP0.5%
• Kinross GoldKGC0.5%
• Costco WholesaleCOST0.4%
• CRH publicCRH0.4%
• Elevance HealthELV0.4%
• Abbott LaboratoriesABT0.4%
• CredicorpBAP0.4%
• Cheniere EnergyLNG0.4%
• SyscoSYY0.4%
• Dell TechnologiesDELL0.4%
• KeyCorpKEY0.3%
• Viking HoldingsVIK0.3%
• Laureate EducationLAUR0.3%
• GerdauGGB0.3%
• Vista Energy, S.A.B. de C.V.VIST0.3%
• Estée LauderEL0.3%
• ConocoPhillipsCOP0.3%
• NutrienNTR0.3%
• Tradeweb MarketsTW0.3%
• Eldorado GoldEGO0.3%
• Pan American SilverPAAS0.3%
• Nextera EnergyNEE0.3%
• LATAM Airlines GroupLTM0.3%
• Colgate-palmoliveCL0.3%
• Chipotle Mexican GrillCMG0.3%
• FortinetFTNT0.3%
• Charles SchwabSCHW0.2%
• Fomento Economico Mexicano SFMX0.2%
• CortevaCTVA0.2%
• CenteneCNC0.2%
• New Oriental Education & Technology GroupEDU0.2%
• Valmont IndustriesVMI0.2%
• Royal GoldRGLD0.2%
• QualcommQCOM0.2%
• SLBSLB0.2%
• Wise GroupWSE0.2%
• TE ConnectivityTEL0.2%
• TotalEnergiesTTE0.2%
• IamgoldIAG0.2%
• Micron TechnologyMU0.2%
• Tetra TechTTEK0.2%
• Valero EnergyVLO0.2%
• AYA Gold & SilverAYA0.2%
• Williams CompaniesWMB0.2%
• AGCOAGCO0.2%