Ninety One North America Inc.'s Investment Activity in Q2 2026

According to filings from Ninety One North America Inc., the investment manager demonstrated active buying and selling behavior during Q2 2026. The portfolio saw several new positions initiated, existing holdings significantly increased, while others were decreased or exited entirely.

Recent Acquisitions

Ninety One North America Inc. bolstered its position in the Consumer Cyclical sector by acquiring a substantial stake in Booking Holdings Inc (BKNG). This was not an isolated incident, as they also initiated new positions with significant share purchases.

• They notably increased their holdings in Kinross Gold Corp (KGC) by a staggering 86.29%, indicating strong confidence in this Basic Materials stock.
• A new position was established with Fomento Economico Mexicano SAB de CV (FMX), where shares increased by a full 100%, suggesting significant interest in this Consumer Defensive company.
• Additionally, they added to their portfolio with Laureate Education Inc (LAUR) and Descartes Systems Group Inc/The (DSGX), both representing new holdings.
• Their investment in Ryanair Holdings PLC (RYAAY) also saw a dramatic increase of 100%, adding this Industrial stock to their portfolio.

Significant Increases in Existing Holdings

Beyond initiating new positions, Ninety One North America Inc. significantly increased existing holdings during Q2:

• Their stake in Alcon AG (ALC) grew by a notable 38.2%, suggesting continued interest in this company.
• They substantially boosted their position in NetEase Inc (NTES) with an increase of approximately 560,478 shares (calculated from the change_in_shares_from_prior_period and total_shares).
• The investment in Mastercard Inc (MA) also saw a significant rise of about 63,159 shares (calculated from the change_in_shares_from_prior_period and total_shares).

Decreases and Exits

The portfolio management involved reductions in some holdings:

• Ninety One North America Inc. sold shares of Alphabet Inc (GOOGL) during the quarter, resulting in a decrease.
• They also reduced their position in Visa Inc (V), which saw a decline due to share reduction.

Furthermore, they completely exited positions held by certain stocks:

• The investor sold all shares of Electronic Arts Inc (EA).
• This exit was part of a broader pattern, as they also shed positions in companies like QCOM and PLNT.