Ninety One UK Ltd Fund: Changes in Q4 2022 Holdings Highlight Industry Trends and Investment Strategy

In the world of investing, keeping track of changes in holdings of a particular fund is essential to staying on top of market trends and making informed investment decisions. In this blog post, we will look at the changes in holdings of the Ninety One UK Ltd fund from Q3 2022 to Q4 2022.

The Ninety One UK Ltd fund invests in a diverse group of companies across various sectors, including technology, finance, healthcare, and consumer goods. The fund's Q3 2022 holdings data show that Visa Inc was its biggest holding, accounting for over 8.4 million shares worth $1.5 billion. Microsoft Corp and Moody's Corp were the second and third-largest holdings, with 8.7 million and 3.5 million shares, respectively.

However, when we compare the Q3 2022 holdings to the Q4 2022 holdings, we see significant changes. First, the fund reduced its holdings in Microsoft Corp by over 2.7 million shares, representing a 17.7% decrease in the value of the holding. In contrast, the fund increased its holdings in Visa Inc by over 190,000 shares, representing a 14.4% increase in value. This shift indicates that the fund is bullish on Visa Inc's growth potential in the coming quarters.

Interestingly, the fund's Q4 2022 holdings show a significant decrease in its Apple Inc holdings, with over 540,000 shares sold. This represents an 18.7% decrease in the value of the holding, indicating that the fund may not have faith in the company's near-term prospects. Similarly, Alphabet Inc sees a significant reduction in holdings, with a whopping 475% decrease in value.

In contrast, the fund has increased its holdings in some companies that it believes are poised for growth. Booking Holdings Inc, Verisign Inc, and Thermo Fisher Scientific Inc all saw gains in their holdings, representing increases in the value of these positions by 19%, 14%, and 20.4%, respectively.

It's interesting to note that the fund's Q4 2022 holdings show an increased presence in the oil and gas industry, with significant increases in the value of holdings for companies such as Exxon Mobil Corp, NextEra Energy Inc, and Pioneer Natural Resources Co. The increase in these holdings may be attributed to the expected rise in demand for oil and gas in the coming months and the recent bullish trends in the industry.

In conclusion, tracking changes in holdings of a fund is essential to understanding its investment strategy and the trends in various industries. In the case of the Ninety One UK Ltd fund, the Q4 2022 holdings show a significant shift in the fund's investment strategy, with an increased focus on growth and promising sectors. Overall, these changes suggest that the fund is keeping a close eye on market trends and making informed decisions to maximize returns for its investors.