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Livermore
Livermore
ZHEN

NS Partners Ltd

SEC CIK
0001657111
Latest filing
Aug 12, 2026

The latest 13F from NS Partners Ltd covers Q2 2026 (filed Aug 12, 2026): 77 long positions worth $2.33B. The top 10 holdings make up 47.2% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 8.4%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
18
Est. +$220.9M
Added
11
Est. +$55.7M
Reduced
47
Est. −$259.1M
Sold out
12
Est. −$145.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    8.4%$195.5MHistory
  2. GOOGAlphabet Inc.
    7.6%$176.1MHistory
  3. AAPLApple Inc.
    6.4%$150.0MHistory
  4. MSFTMicrosoft Corp
    5.3%$122.6MHistory
  5. AMZNAmazon Com Inc
    4.4%$103.1MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. AMDAdvanced Micro Devices Inc
    +$41.6MNewHistory
  2. LRCXLam Research Corp
    +$27.5MNewHistory
  3. INTCIntel Corp
    +$22.5MNewHistory
  4. LINLinde PLC
    +$21.0MNewHistory
  5. AZOAutoZone Inc
    +$18.7MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. AMATApplied Materials Inc
    +2.23 pp2.1% → 4.3%History
  2. AMDAdvanced Micro Devices Inc
    +1.78 pp0.0% → 1.8%History
  3. MUMicron Technology Inc
    +1.72 pp0.4% → 2.2%History
  4. LRCXLam Research Corp
    +1.18 pp0.0% → 1.2%History
  5. INTCIntel Corp
    +0.97 pp0.0% → 1.0%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. NVDANVIDIA Corp
    −$43.5MReducedHistory
  2. MSFTMicrosoft Corp
    −$20.8MReducedHistory
  3. MCDMcDonalds Corp
    −$20.6MReducedHistory
  4. ZTSZoetis Inc.
    −$20.3MSold outHistory
  5. HONHoneywell International Inc
    −$18.9MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. TAT&T Inc.
    −1.17 pp1.6% → 0.4%History
  2. MCDMcDonalds Corp
    −1.15 pp1.6% → 0.5%History
  3. MSFTMicrosoft Corp
    −1.11 pp6.4% → 5.3%History
  4. NVDANVIDIA Corp
    −0.94 pp9.3% → 8.4%History
  5. ZTSZoetis Inc.
    −0.91 pp0.9% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$2.33B
+$97.3M (+4.4%) vs. prior quarter
Positions
77
+6 vs. prior quarter
Top 10 concentration
47.2%
Top 10 as share of value
Turnover
12.1%
Q2 2026, one quarter
Average holding period
14.8 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $2.59B (Q3 2025)

Q1 2021: $1.73BQ2 2021: $1.90BQ3 2021: $1.96BQ4 2021: $2.13BQ1 2022: $1.88BQ2 2022: $1.65BQ3 2022: $1.54BQ4 2022: $1.66BQ1 2023: $1.78BQ2 2023: $1.90BQ3 2023: $1.86BQ4 2023: $2.06BQ1 2024: $2.17BQ2 2024: $2.21BQ3 2024: $2.37BQ4 2024: $2.42BQ1 2025: $2.28BQ2 2025: $2.45BQ3 2025: $2.59BQ4 2025: $2.55BQ1 2026: $2.23BQ2 2026: $2.33B
Q1 2021Q2 2026
13F filings of NS Partners Ltd by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 202677$2.33BNVDAGOOGAAPLvs. Q1 2026SEC
Q1 2026May 11, 202671$2.23BNVDAGOOGMSFTvs. Q4 2025SEC
Q4 2025Feb 10, 202674$2.55BMSFTNVDAGOOGvs. Q3 2025SEC
Q3 2025Nov 13, 202574$2.59BNVDAMSFTGOOGvs. Q2 2025SEC
Q2 2025Aug 7, 202572$2.45BMSFTNVDAMETAvs. Q1 2025SEC
Q1 2025May 12, 202573$2.28BMSFTNVDAAAPLvs. Q4 2024SEC
Q4 2024Feb 7, 202577$2.42BMSFTNVDAAAPLvs. Q3 2024SEC
Q3 2024Nov 8, 202475$2.37BMSFTNVDAAAPLvs. Q2 2024SEC
Q2 2024Aug 8, 202474$2.21BMSFTNVDAGOOGvs. Q1 2024SEC
Q1 2024May 9, 202475$2.17BMSFTNVDAGOOGvs. Q4 2023SEC
Q4 2023Feb 9, 202475$2.06BMSFTAAPLGOOGvs. Q3 2023SEC
Q3 2023Nov 13, 202375$1.86BMSFTAAPLGOOGvs. Q2 2023SEC
Q2 2023Aug 10, 202373$1.90BMSFTAAPLGOOGvs. Q1 2023SEC
Q1 2023May 10, 202374$1.78BMSFTAAPLGOOGvs. Q4 2022SEC
Q4 2022Feb 10, 202376$1.66BMSFTAAPLGOOGvs. Q3 2022SEC
Q3 2022Nov 10, 202276$1.54BMSFTAAPLGOOGvs. Q2 2022SEC
Q2 2022Aug 5, 202280$1.65BMSFTAAPLGOOGvs. Q1 2022SEC
Q1 2022May 12, 202276$1.88BMSFTAAPLGOOGvs. Q4 2021SEC
Q4 2021Feb 10, 202277$2.13BMSFTAAPLGOOGvs. Q3 2021SEC
Q3 2021Nov 12, 202171$1.96BMSFTGOOGAAPLvs. Q2 2021SEC
Q2 2021Aug 2, 202171$1.90BMSFTAAPLGOOGvs. Q1 2021SEC
Q1 2021Apr 30, 202173$1.73BMSFTAAPLGOOG–SEC