UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
03-31-2025
Check here if Amendment: ☐ Amendment Number:
This Amendment (Check only one.):☐ is a restatement.
☐ adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
Ninety One North America, Inc.
Address:
65 E 55TH ST
30th Floor
New York, NY 10022
Form 13F File Number:
028-16538

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
Dana Troetel
Title:
Head of Legal, America and Chief Compliance Officer
Phone:
917-206-5136


Signature, Place, and Date of Signing:

/s/ Dana Troetel
                         [Signature]
New York, NEW YORK
                 [City, State]
04-29-2025
                           [Date]
                          

Report Type (Check only one.):

☒ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

☐ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

☐ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
68
Form 13F Information table Value Total:
1485562496
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
ABBOTT LABORATORIESCommon Stock0028241001,389,37710,474SHSOLE10,474 0 0
ACCENTURE PLCCommon StockG1151C10135,420,909113,514SHSOLE58,058 0 55,456
AECOMCommon Stock00766T10011,573,168124,805SHSOLE68,805 0 56,000
ALIGN TECHNOLOGY INCCommon Stock01625510115,091,38394,998SHSOLE94,998 0 0
ALPHABET INCCommon Stock02079K30539,286,292254,050SHSOLE254,050 0 0
ANSYS INCCommon Stock03662Q1056,097,89619,263SHSOLE10,644 0 8,619
AON PLCCommon StockG0403H1082,986,3917,483SHSOLE7,483 0 0
ARTHUR J GALLAGHER & COCommon Stock3635761091,357,1393,931SHSOLE3,931 0 0
ASE TECHNOLOGY HOLDING CO LTDADR00215W1002,552,927291,430SHSOLE291,430 0 0
AUTODESK INCCommon Stock05276910658,004,932221,562SHSOLE192,592 0 28,970
AUTOMATIC DATA PROCESSING INCCommon Stock05301510337,323,851122,161SHSOLE122,161 0 0
BECTON DICKINSON & COCommon Stock0758871091,160,4185,066SHSOLE5,066 0 0
BOOKING HOLDINGS INCCommon Stock09857L10850,703,65211,006SHSOLE11,006 0 0
BROADRIDGE FINANCIAL SOLUTIONSCommon Stock11133T103615,3642,538SHSOLE2,538 0 0
BROOKFIELD CORPCommon Stock11271J1074,159,22679,487SHSOLE79,487 0 0
CANADIAN PACIFIC KANSAS CITY LCommon Stock13646K1086,156,09387,733SHSOLE48,364 0 39,369
CHECK POINT SOFTWARE TECHNOLOGCommon StockM2246510431,258,545137,147SHSOLE137,147 0 0
CME GROUP INCCommon Stock12572Q105963,5343,632SHSOLE3,632 0 0
COCA-COLA CO/THECommon Stock1912161001,219,33117,025SHSOLE17,025 0 0
COUPANG INCCommon Stock22266T10917,896,788816,087SHSOLE511,979 0 304,108
CREDICORP LTDCommon StockG2519Y10839,007,967209,540SHSOLE131,654 0 77,886
EDWARDS LIFESCIENCES CORPCommon Stock28176E10823,752,711327,714SHSOLE327,714 0 0
ELECTRONIC ARTS INCCommon Stock28551210932,705,166226,302SHSOLE226,302 0 0
EMBRAER SAADR29082A1073,901,63784,451SHSOLE84,451 0 0
EQUIFAX INCCommon Stock294429105750,8963,083SHSOLE3,083 0 0
FACTSET RESEARCH SYSTEMS INCCommon Stock30307510526,979,24759,342SHSOLE59,342 0 0
FOMENTO ECONOMICO MEXICANO SABADR34441910623,459,013240,408SHSOLE150,786 0 89,622
HDFC BANK LTDADR40415F1014,568,68168,764SHSOLE68,764 0 0
ICICI BANK LTDADR45104G1048,682,058275,446SHSOLE275,446 0 0
ICON PLCCommon StockG4705A10062,279,991355,906SHSOLE253,564 0 102,342
INTERCONTINENTAL EXCHANGE INCCommon Stock45866F1041,748,80510,138SHSOLE10,138 0 0
INTUIT INCCommon Stock46120210344,602,07672,643SHSOLE72,643 0 0
ISHARES MSCI INDIA ETFETP46429B59829,944,012581,663SHSOLE581,663 0 0
JACK HENRY & ASSOCIATES INCCommon Stock426281101188,9911,035SHSOLE1,035 0 0
JOHNSON & JOHNSONCommon Stock47816010428,063,611169,221SHSOLE169,221 0 0
KT CORPADR48268K10118,201,6301,027,760SHSOLE656,551 0 371,209
MAKEMYTRIP LTDCommon StockV5633W10918,736,570191,209SHSOLE126,621 0 64,588
MARSH & MCLENNAN COS INCCommon Stock57174810216,271,18966,677SHSOLE66,677 0 0
MASTERCARD INCCommon Stock57636Q10472,367,736132,029SHSOLE71,612 0 60,417
MERCADOLIBRE INCCommon Stock58733R1029,781,6635,014SHSOLE5,014 0 0
MICROSOFT CORPCommon Stock59491810469,278,225184,550SHSOLE184,550 0 0
MONSTER BEVERAGE CORPCommon Stock61174X10921,387,598365,475SHSOLE365,475 0 0
MOODY'S CORPCommon Stock61536910521,230,34245,589SHSOLE45,589 0 0
MOTOROLA SOLUTIONS INCCommon Stock62007630713,764,74731,440SHSOLE31,440 0 0
NETEASE INCADR64110W10232,657,854317,313SHSOLE317,313 0 0
NEXTERA ENERGY INCCommon Stock65339F10122,422,082316,294SHSOLE185,002 0 131,292
OTIS WORLDWIDE CORPCommon Stock68902V107669,7686,490SHSOLE6,490 0 0
PHILIP MORRIS INTERNATIONAL INCommon Stock71817210997,017,681611,212SHSOLE611,212 0 0
POWERSHARES SENIOR LOANETP46138G508414,00020,000SHSOLE20,000 0 0
PROCTER & GAMBLE CO/THECommon Stock7427181097,227,00142,407SHSOLE42,407 0 0
ROPER TECHNOLOGIES INCCommon Stock776696106995,2121,688SHSOLE1,688 0 0
S&P GLOBAL INCCommon Stock78409V10424,530,56048,279SHSOLE48,279 0 0
SEA LTDADR81141R10046,931,903359,659SHSOLE257,533 0 102,126
SPDR BLACKSTONE SENIOR LOAN ETETP78467V608656,84715,970SHSOLE15,970 0 0
STERIS PLCCommon StockG8473T100465,0862,052SHSOLE2,052 0 0
TAIWAN SEMICONDUCTOR MANUFACTUADR87403910054,773,526329,961SHSOLE188,173 0 141,788
TE CONNECTIVITY PLCCommon StockG8705210914,287,735101,102SHSOLE55,728 0 45,374
TECHNIPFMC PLCCommon StockG871101053,450,566108,885SHSOLE108,885 0 0
TERNIUM SAADR88089010825,827,745828,875SHSOLE529,585 0 299,290
TETRA TECH INCCommon Stock88162G10310,697,486365,726SHSOLE200,846 0 164,880
THERMO FISHER SCIENTIFIC INCCommon Stock8835561021,097,2082,205SHSOLE2,205 0 0
UNITEDHEALTH GROUP INCCommon Stock91324P1021,363,8452,604SHSOLE2,604 0 0
VALE SAADR91912E10526,827,3482,688,111SHSOLE1,640,204 0 1,047,907
VERISIGN INCCommon Stock92343E10252,936,719208,519SHSOLE208,519 0 0
VISA INCCommon Stock92826C839108,279,874308,965SHSOLE308,965 0 0
VISTA ENERGY SAB DE CVADR92837L10918,854,566404,952SHSOLE278,351 0 126,601
WASTE MANAGEMENT INCCommon Stock94106L10915,840,14668,421SHSOLE37,628 0 30,793
ZOETIS INCCommon Stock98978V103465,9602,830SHSOLE2,830 0 0