Ninety One North America 13F: New $18M Stake in BBB Foods (TBBB)

Ninety One North America took a new position in BBB Foods Inc. (NYSE: TBBB), buying 334,172 shares of the discount store operator. According to a Form 13F filing with the SEC on October 15, 2026, the stake had a reported value of $17,590,818. Because 13F filings look backward, these numbers reflect holdings at the end of the reported period and might not match the fund's current holdings today. Institutional reports do not show intraday trades or exact purchase dates.

What Changed in Ninety One North America's BBB Foods Position

The firm opened a brand-new stake in BBB Foods Inc. by purchasing 334,172 shares. The new holding brings a total reported value of $17.59 million into the fund's portfolio. Since this is an initial purchase, there was no prior share count or percentage change to report.

Other Institutional Activity in BBB Foods

Other large institutional investors adjusted their holdings in BBB Foods during the period. Capital International Investors grew its holdings by 3,286,370 shares, ending with 7,526,848 shares worth about $434,148,594. FMR, LLC grew its holdings by 1,165,261 shares, ending with 7,370,057 shares worth about $425,104,890. Orbis Allan Gray Ltd grew its holdings by 1,088,628 shares, ending with 6,735,036 shares worth about $388,476,878. Capital Research Global Investors reduced its holdings by 422,632 shares, ending with 5,422,899 shares worth about $312,792,815. Morgan Stanley grew its holdings by 958,892 shares, ending with 3,977,125 shares worth about $229,400,571.

BBB Foods Inc. Stock Up 2.2%

BBB Foods Inc. shares recently traded around $57.25 as of October 16, 2026. The stock sits just below its 52-week high of $57.81 and well above its 52-week low of $25.84. The recent price is also above both its 50-day moving average of $50.51 and its 200-day moving average of $40.59.

Recent Earnings

For its trailing twelve months, BBB Foods reported revenue of $91,149,115,392 and a negative earnings per share of $1.63. The company posted a net profit margin of -3.7% and a return on equity of -67.3%. Its year-over-year revenue growth stood at 38.7%. The company's next earnings report is scheduled for November 18, 2026.

Analysts Set New Price Targets

Analyst firms have updated their outlooks on the stock through the year. On July 16, 2026, JP Morgan maintains the stock with an Overweight rating and a $48.0 price target. On July 31, 2026, Citigroup initiates the stock with a Buy rating and a $49.0 price target. On August 4, 2026, UBS upgrade the stock with a Buy rating and a $51.0 price target. On August 28, 2026, UBS maintains the stock with a Buy rating and a $58.0 price target. On September 10, 2026, JP Morgan maintains the stock with an Overweight rating and a $67.0 price target. Overall, the stock carries a consensus buy rating with a mean price target of $54.58 across 13 analyst opinions.

About BBB Foods

BBB Foods Inc. operates a chain of discount grocery retail stores in Mexico, catering primarily to low-to-middle income households. The company offers a wide array of food and non-food items, ranging from everyday household goods to clothing and electronics through both branded and private label lines. As the company expands its footprint, institutional interest from major asset managers highlights how large funds view its growth potential in the discount retail sector.

Bottom Line

Investors tracking Ninety One North America will want to watch for the fund's next quarterly filing to see if it holds or adjusts this position. BBB Foods' upcoming earnings report on November 18, 2026, will also provide fresh details on revenue growth and profitability. Institutional 13F filings are historical snapshots and do not guarantee current or future positioning. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.