Ninety One North America 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

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

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ACTIVISION BLIZZARD INC	Common Stock	00507V109	9,665	243,885	SH		SOLE		243,885	0	0
AFLAC INC	Common Stock	001055102	9,682	134,178	SH		SOLE		134,178	0	0
ALASKA AIR GROUP INC	Common Stock	011659109	864	14,828	SH		SOLE		14,828	0	0
ALLIANCE DATA SYSTEMS CORP	Common Stock	018581108	8,926	45,559	SH		SOLE		45,559	0	0
ALLY FINANCIAL INC	Common Stock	02005N100	9,135	535,174	SH		SOLE		535,174	0	0
ALPHABET INC	Common Stock	02079K305	9,095	12,927	SH		SOLE		12,927	0	0
AMBEV SA	ADR	02319V103	22,210	3,758,038	SH		SOLE		3,758,038	0	0
AMC NETWORKS INC	Common Stock	00164V103	779	12,899	SH		SOLE		12,899	0	0
AMDOCS LTD	Common Stock	G02602103	11,944	206,928	SH		SOLE		206,928	0	0
AMERICAN FINANCIAL GROUP INC/O	Common Stock	025932104	1,108	14,986	SH		SOLE		14,986	0	0
AMERISOURCEBERGEN CORP	Common Stock	03073E105	922	11,628	SH		SOLE		11,628	0	0
ANADARKO PETROLEUM CORP	Common Stock	032511107	11,224	210,781	SH		SOLE		210,781	0	0
APPLE INC	Common Stock	037833100	1,174	12,280	SH		SOLE		12,280	0	0
AT&T INC	Common Stock	00206R102	10,148	234,847	SH		SOLE		234,847	0	0
B/E AEROSPACE INC	Common Stock	073302101	473	10,238	SH		SOLE		10,238	0	0
BAIDU INC	ADR	056752108	9,334	56,518	SH		SOLE		56,518	0	0
BANCO BRADESCO SA	ADR	059460303	13,137	1,682,011	SH		SOLE		1,682,011	0	0
BANK OF NEW YORK MELLON CORP	Common Stock	064058100	9,191	236,584	SH		SOLE		236,584	0	0
BIG LOTS INC	Common Stock	089302103	889	17,740	SH		SOLE		17,740	0	0
BROADCOM LTD	Common Stock	Y09827109	1,627	10,470	SH		SOLE		10,470	0	0
CABOT OIL & GAS CORP	Common Stock	127097103	3,066	119,106	SH		SOLE		119,106	0	0
CANADIAN IMPERIAL BANK OF COMM	Common Stock	136069101	1,675	22,420	SH		SOLE		22,420	0	0
CANADIAN NATURAL RESOURCES LTD	Common Stock	136385101	4,052	132,008	SH		SOLE		132,008	0	0
CARDINAL HEALTH INC	Common Stock	14149Y108	1,944	24,926	SH		SOLE		24,926	0	0
CARNIVAL CORP	Common Stock	143658300	1,108	25,071	SH		SOLE		25,071	0	0
CBS CORP	Common Stock	124857202	1,460	26,818	SH		SOLE		26,818	0	0
CELANESE CORP	Common Stock	150870103	1,004	15,333	SH		SOLE		15,333	0	0
CENOVUS ENERGY INC	Common Stock	15135U109	1,679	122,030	SH		SOLE		122,030	0	0
CHECK POINT SOFTWARE TECHNOLOG	Common Stock	M22465104	11,668	146,438	SH		SOLE		146,438	0	0
CHINA BIOLOGIC PRODUCTS INC	Common Stock	16938C106	5,674	53,371	SH		SOLE		53,371	0	0
CIGNA CORP	Common Stock	125509109	9,030	70,556	SH		SOLE		70,556	0	0
CIMAREX ENERGY CO	Common Stock	171798101	6,426	53,857	SH		SOLE		53,857	0	0
CISCO SYSTEMS INC	Common Stock	17275R102	10,087	351,589	SH		SOLE		351,589	0	0
CITIGROUP INC	Common Stock	172967424	9,890	233,305	SH		SOLE		233,305	0	0
CME GROUP INC/IL	Common Stock	12572Q105	1,462	15,010	SH		SOLE		15,010	0	0
COGNIZANT TECHNOLOGY SOLUTIONS	Common Stock	192446102	4,024	70,307	SH		SOLE		70,307	0	0
COMCAST CORP	Common Stock	20030N101	10,532	161,565	SH		SOLE		161,565	0	0
CONOCOPHILLIPS	Common Stock	20825C104	16,547	379,511	SH		SOLE		379,511	0	0
COSAN LTD	Common Stock	G25343107	10,854	1,667,299	SH		SOLE		1,667,299	0	0
CREDICORP LTD	Common Stock	G2519Y108	10,721	69,471	SH		SOLE		69,471	0	0
CRESCENT POINT ENERGY CORP	Common Stock	22576C101	3,483	221,637	SH		SOLE		221,637	0	0
CVS HEALTH CORP	Common Stock	126650100	9,514	99,370	SH		SOLE		99,370	0	0
DANAHER CORP	Common Stock	235851102	1,803	17,852	SH		SOLE		17,852	0	0
DEVON ENERGY CORP	Common Stock	25179M103	7,323	202,005	SH		SOLE		202,005	0	0
DOW CHEMICAL CO/THE	Common Stock	260543103	1,567	31,520	SH		SOLE		31,520	0	0
EBAY INC	Common Stock	278642103	8,721	372,517	SH		SOLE		372,517	0	0
EMC CORP/MA	Common Stock	268648102	998	36,743	SH		SOLE		36,743	0	0
ENCANA CORP	Common Stock	292505104	3,883	501,792	SH		SOLE		501,792	0	0
ENERSIS SA	ADR	29274F104	5,342	622,664	SH		SOLE		622,664	0	0
EOG RESOURCES INC	Common Stock	26875P101	16,006	191,876	SH		SOLE		191,876	0	0
FISERV INC	Common Stock	337738108	9,294	85,482	SH		SOLE		85,482	0	0
FLEXTRONICS INTERNATIONAL LTD	Common Stock	Y2573F102	5,374	455,443	SH		SOLE		455,443	0	0
FOMENTO ECONOMICO MEXICANO SAB	ADR	344419106	14,380	155,475	SH		SOLE		155,475	0	0
GENERAC HOLDINGS INC	Common Stock	368736104	1,008	28,840	SH		SOLE		28,840	0	0
GILEAD SCIENCES INC	Common Stock	375558103	9,585	114,898	SH		SOLE		114,898	0	0
GRAN TIERRA ENERGY INC	Common Stock	38500T101	1,842	551,212	SH		SOLE		551,212	0	0
GRUPO AEROPORTUARIO DEL SUREST	ADR	40051E202	8,020	50,268	SH		SOLE		50,268	0	0
HALLIBURTON CO	Common Stock	406216101	6,828	150,766	SH		SOLE		150,766	0	0
HARTFORD FINANCIAL SERVICES GR	Common Stock	416515104	9,341	210,478	SH		SOLE		210,478	0	0
HELMERICH & PAYNE INC	Common Stock	423452101	784	11,676	SH		SOLE		11,676	0	0
HESS CORP	Common Stock	42809H107	10,764	179,097	SH		SOLE		179,097	0	0
HEWLETT PACKARD ENTERPRISE CO	Common Stock	42824C109	1,011	55,310	SH		SOLE		55,310	0	0
HONEYWELL INTERNATIONAL INC	Common Stock	438516106	9,997	85,943	SH		SOLE		85,943	0	0
IDEX CORP	Common Stock	45167R104	1,463	17,820	SH		SOLE		17,820	0	0
JAZZ PHARMACEUTICALS PLC	Common Stock	G50871105	749	5,300	SH		SOLE		5,300	0	0
JOHNSON & JOHNSON	Common Stock	478160104	9,822	80,973	SH		SOLE		80,973	0	0
JOHNSON CONTROLS INC	Common Stock	478366107	9,165	207,083	SH		SOLE		207,083	0	0
JONES LANG LASALLE INC	Common Stock	48020Q107	3,339	34,260	SH		SOLE		34,260	0	0
LAM RESEARCH CORP	Common Stock	512807108	8,964	106,638	SH		SOLE		106,638	0	0
LEAR CORP	Common Stock	521865204	806	7,916	SH		SOLE		7,916	0	0
MARATHON OIL CORP	Common Stock	565849106	7,088	472,232	SH		SOLE		472,232	0	0
MARRIOTT VACATIONS WORLDWIDE C	Common Stock	57164Y107	6,483	94,663	SH		SOLE		94,663	0	0
MEDNAX INC	Common Stock	58502B106	7,881	108,813	SH		SOLE		108,813	0	0
MEDTRONIC PLC	Common Stock	G5960L103	7,896	90,999	SH		SOLE		90,999	0	0
MELLANOX TECHNOLOGIES LTD	Common Stock	M51363113	3,137	65,402	SH		SOLE		65,402	0	0
MICHAEL KORS HOLDINGS LTD	Common Stock	G60754101	848	17,137	SH		SOLE		17,137	0	0
MORGAN STANLEY INTL LTD	Common Stock	617446448	1,109	42,701	SH		SOLE		42,701	0	0
MYLAN NV	Common Stock	N59465109	883	20,417	SH		SOLE		20,417	0	0
NETEASE INC	ADR	64110W102	8,813	45,612	SH		SOLE		45,612	0	0
NEW ORIENTAL EDUCATION & TECHN	ADR	647581107	4,648	110,994	SH		SOLE		110,994	0	0
NICE-SYSTEMS LTD	ADR	653656108	3,534	55,349	SH		SOLE		55,349	0	0
NOBLE ENERGY INC	Common Stock	655044105	8,999	250,884	SH		SOLE		250,884	0	0
NXP SEMICONDUCTOR NV	Common Stock	N6596X109	11,367	145,100	SH		SOLE		145,100	0	0
OCCIDENTAL PETROLEUM CORP	Common Stock	674599105	8,004	106,184	SH		SOLE		106,184	0	0
PAYPAL HOLDINGS INC	Common Stock	70450Y103	9,437	258,484	SH		SOLE		258,484	0	0
PEPSICO INC	Common Stock	713448108	2,936	27,717	SH		SOLE		27,717	0	0
PFIZER INC	Common Stock	717081103	2,975	84,507	SH		SOLE		84,507	0	0
PHILIP MORRIS INTERNATIONAL IN	Common Stock	718172109	9,843	96,769	SH		SOLE		96,769	0	0
PIONEER NATURAL RESOURCES CO	Common Stock	723787107	8,375	55,388	SH		SOLE		55,388	0	0
PRECISION DRILLING CORP	Common Stock	74022D308	3,369	638,669	SH		SOLE		638,669	0	0
PRESTIGE BRANDS HOLDINGS INC	Common Stock	74112D101	867	15,641	SH		SOLE		15,641	0	0
PRICELINE GROUP INC/THE	Common Stock	741503403	9,170	7,345	SH		SOLE		7,345	0	0
PUBLIC SERVICE ENTERPRISE GROU	Common Stock	744573106	1,555	33,369	SH		SOLE		33,369	0	0
QUEST DIAGNOSTICS INC	Common Stock	74834L100	1,154	14,175	SH		SOLE		14,175	0	0
REGAL-BELOIT CORP	Common Stock	758750103	697	12,659	SH		SOLE		12,659	0	0
SCHLUMBERGER LTD	Common Stock	806857108	18,470	233,566	SH		SOLE		233,566	0	0
SERVICEMASTER GLOBAL HOLDINGS	Common Stock	81761R109	8,525	214,191	SH		SOLE		214,191	0	0
SILICON MOTION TECHNOLOGY CORP	ADR	82706C108	2,148	44,940	SH		SOLE		44,940	0	0
SINCLAIR BROADCAST GROUP INC	Common Stock	829226109	687	23,013	SH		SOLE		23,013	0	0
SOUTHWEST AIRLINES CO	Common Stock	844741108	1,069	27,274	SH		SOLE		27,274	0	0
SUNTRUST BANKS INC	Common Stock	867914103	1,340	32,617	SH		SOLE		32,617	0	0
SUPERIOR ENERGY SERVICES INC	Common Stock	868157108	1,372	74,550	SH		SOLE		74,550	0	0
TERNIUM SA	ADR	880890108	5,161	270,768	SH		SOLE		270,768	0	0
TEVA PHARMACEUTICAL INDUSTRIES	ADR	881624209	11,457	228,096	SH		SOLE		228,096	0	0
THERMO FISHER SCIENTIFIC INC	Common Stock	883556102	1,700	11,507	SH		SOLE		11,507	0	0
THOR INDUSTRIES INC	Common Stock	885160101	717	11,071	SH		SOLE		11,071	0	0
TYSON FOODS INC	Common Stock	902494103	1,791	26,822	SH		SOLE		26,822	0	0
UNITEDHEALTH GROUP INC	Common Stock	91324P102	10,046	71,150	SH		SOLE		71,150	0	0
VALERO ENERGY CORP	Common Stock	91913Y100	9,003	176,521	SH		SOLE		176,521	0	0
VANTIV INC	Common Stock	92210H105	9,099	160,755	SH		SOLE		160,755	0	0
VOYA FINANCIAL INC	Common Stock	929089100	814	32,881	SH		SOLE		32,881	0	0
WEATHERFORD INTERNATIONAL PLC	Common Stock	G48833100	4,716	849,651	SH		SOLE		849,651	0	0
WESTERN UNION CO/THE	Common Stock	959802109	9,081	473,451	SH		SOLE		473,451	0	0
WESTROCK CO	Common Stock	96145D105	872	22,437	SH		SOLE		22,437	0	0
WHITING PETROLEUM CORP	Common Stock	966387102	2,431	262,538	SH		SOLE		262,538	0	0
ZIMMER HOLDINGS INC	Common Stock	98956P102	1,996	16,584	SH		SOLE		16,584	0	0