13F
中
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NS Partners Ltd

13F equity value
$2.2B
Positions
71
Top 10 concentration
45.6%
Quarters / total new picks
25 / 86
13F equity value over time
$0M$1B$3B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 25 quarters, returned +2.9% per quarter — versus +1.6% per quarter from simply owning every 13F stock. It beat that baseline in only 56.0% of quarters (excess t = -0.16, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-0.5%
t-stat
-0.16
Quarterly win rate
56%
Annualized excess
+3.7%
$1 → follow vs universe
$1.67 vs $1.34
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920180930: universe 1.00320181231: universe 0.99220190331: universe 0.97520190630: universe 1.04820190930: universe 1.12720191231: universe 0.90920200331: universe 1.09620200630: universe 1.21120201231: universe 1.26620210331: universe 1.27720210930: universe 1.14620211231: universe 0.97620220331: universe 1.04720220630: universe 0.97020230630: universe 0.93620230930: universe 1.06220231231: universe 1.11020240630: universe 1.21020240930: universe 1.20020241231: universe 1.12020250630: universe 1.15520250930: universe 1.29920251231: universe 1.344 20180331: follow 1.17220180630: follow 1.05520180930: follow 1.07220181231: follow 1.16820190331: follow 1.18020190630: follow 1.31020190930: follow 1.28420191231: follow 1.24720200331: follow 1.45420200630: follow 1.68320201231: follow 1.65920210331: follow 1.89320210930: follow 1.32720211231: follow 1.20420220331: follow 1.31620220630: follow 0.97420230630: follow 1.20220230930: follow 1.22320231231: follow 1.16420240630: follow 1.34320240930: follow 1.45420241231: follow 1.41620250630: follow 1.42020250930: follow 1.62420251231: follow 1.673 0.84 1.44 2.04 20182019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 71 · 2026 Q1

Ticker Value Weight QoQ
NVDA $208M
9.3%
HOLD
GOOG $152M
6.8%
TRIM
MSFT $142M
6.4%
TRIM
AAPL $135M
6.1%
TRIM
AMZN $92M
4.1%
TRIM
META $71M
3.2%
TRIM
BRK/B $59M
2.6%
NEW
JPM $57M
2.6%
ADD
AVGO $55M
2.5%
ADD
MA $48M
2.1%
TRIM
AMAT $47M
2.1%
NEW
V $46M
2.1%
TRIM
NEE $44M
2.0%
HOLD
MAR $44M
2.0%
TRIM
UNH $40M
1.8%
HOLD
TMUS $39M
1.8%
HOLD
WEC $37M
1.7%
ADD
MCD $36M
1.6%
TRIM
T $36M
1.6%
NEW
SYK $35M
1.6%
TRIM

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

AMATAPHAZOBAPBRK/BCMECVXGEGEVHTHTLLYMUPBRPGSUZTUNPVISTVZWATWFCXOM

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.