Ninety One UK Ltd Q2 2023 vs. Q3 2023 13F Holdings Comparison

Microsft Corp, Visa Inc, Verisign Inc, and other Major Changes in Holdings

In the second quarter of 2023, Ninety One UK Ltd, a prominent investment firm, made significant changes to its 13F holdings. These changes were further seen in the third quarter of 2023, indicating a shift in their investment strategy. Let's dive deeper into the notable differences and explore the implications.

Microsoft Corp (MSFT):

- In Q2 2023, Ninety One UK Ltd held 7,907,817 shares, worth $2,692,928,000.

- In Q3 2023, their holdings decreased to 7,719,909 shares, worth $2,437,561,000.

- This represents a 9.5% decrease in holdings.

Visa Inc (V):

- In Q2 2023, their holdings stood at 8,228,525 shares, worth $1,954,110,000.

- In Q3 2023, their holdings decreased to 7,940,443 shares, worth $1,826,381,000.

- This indicates a 6.5% decrease in holdings.

Verisign Inc (VRSN):

- In Q2 2023, their holdings were at 5,470,589 shares, worth $1,236,188,000.

- In Q3 2023, their holdings decreased to 5,296,459 shares, worth $1,072,691,000.

- This reflects a 13.2% decrease in holdings.

These changes in holdings suggest a cautious approach by Ninety One UK Ltd. Let's examine other notable changes:

Booking Holdings Inc (BKNG):

- In Q2 2023, their holdings were at 414,827 shares, worth $1,120,169,000.

- In Q3 2023, their holdings decreased to 342,962 shares, worth $1,057,677,000.

- This indicates a 5.6% decrease in holdings.

Intuit Inc (INTU):

- In Q2 2023, their holdings were at 2,013,024 shares, worth $922,347,000.

- In Q3 2023, their holdings increased to 1,942,174 shares, worth $992,334,000.

- This reflects a 7.6% increase in holdings.

Philip Morris International Inc (PM):

- In Q2 2023, their holdings were at 9,395,515 shares, worth $917,190,000.

- In Q3 2023, their holdings increased to 9,484,766 shares, worth $878,099,000.

- This represents a 4.3% decrease in holdings.

These changes indicate a mixed approach to holdings within the technology and consumer goods industries. Let's explore further changes:

Autodesk Inc (ADSK):

- In Q2 2023, their holdings were at 4,360,842 shares, worth $892,271,000.

- In Q3 2023, their holdings decreased to 4,115,334 shares, worth $851,503,000.

- This reflects a 4.6% decrease in holdings.

Alphabet Inc (GOOGL):

- In Q2 2023, their holdings were at 6,714,010 shares, worth $803,666,000.

- In Q3 2023, their holdings decreased to 6,003,495 shares, worth $785,617,000.

- This indicates a 2.2% decrease in holdings.

Nvidia Corp (NVDA):

- In Q2 2023, their holdings stood at 1,795,498 shares, worth $759,531,000.

- In Q3 2023, their holdings increased to 1,752,906 shares, worth $762,496,000.

- This represents a marginal 0.4% increase in holdings.

Amazon.com Inc (AMZN):

- In Q2 2023, their holdings were at 4,287,614 shares, worth $558,933,000.

- In Q3 2023, their holdings significantly increased to 5,817,712 shares, worth $739,547,000.

- This reflects a substantial 32.3% increase in holdings.

These changes show a mixed strategy within the technology sector but a significant increase in their investment in Amazon.com Inc.

Notable changes in holdings outside of the technology and consumer goods industries include:

Johnson & Johnson (JNJ):

- In Q2 2023, their holdings were at 4,670,667 shares, worth $773,088,000.

- In Q3 2023, their holdings decreased to 4,423,146 shares, worth $688,904,000.

- This indicates a 10.9% decrease in holdings.

Netease Inc (NTES):

- In Q2 2023, their holdings were at 6,777,689 shares, worth $655,334,000.

- In Q3 2023, their holdings barely changed to 6,769,420 shares, worth $678,025,000.

- This reflects a marginal 3.5% increase in holdings.

Icon PLC (ICLR):

- In Q2 2023, their holdings were at 2,674,155 shares, worth $669,073,000.

- In Q3 2023, their holdings decreased to 2,597,601 shares, worth $639,659,000.

- This represents a 4.4% decrease in holdings.

These changes suggest a cautious approach within the healthcare and gaming industries.

It's important to note that the 13F filings only provide a snapshot of a company's holdings and may not necessarily reflect their overall investment strategies. Additionally, the changes in value may not always be indicative of the performance of the company but rather the adjustments made by the investment firm.

In conclusion, Ninety One UK Ltd made significant changes to their 13F holdings between Q2 2023 and Q3 2023. While some holdings decreased, others saw an increase, indicating a cautious yet diversified approach to their investment strategy. These changes reflect the fluid nature of the stock market and highlight the importance of staying abreast of the latest developments in the investment landscape.