Q2 2025 · 13F-HR
Orbis Allan Gray Ltdholdings as filed
Filed 2025-08-14 · accession 0001085146-25-005183
$20.57B
Reported value
78
Positions
2025-06-30
Period end
The Brief · Orbis Allan Gray Ltd · Q2 2025
AI · grounded in 13F
Orbis Allan Gray Ltd established a new position in QXO valued at $2.07B. The fund also initiated new stakes in CPAY for $1.28B and ELV for $1.11B. Additional new positions include NEBIUS GROUP N.V. at $976.68M and SMURFIT WESTROCK PLC at $793.98M. The fund currently manages 78 positions with total AUM of $20.57B.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 82846H405 | QXO | QXO INC | $2.07B | 10.1% | 96,289,549 | Common | SOLE |
| 219948106 | CPAY | CORPAY INC | $1.28B | 6.22% | 3,855,589 | Common | SOLE |
| 036752103 | ELV | ELEVANCE HEALTH INC | $1.11B | 5.40% | 2,855,850 | Common | SOLE |
| N97284108 | NBIS | NEBIUS GROUP N.V. | $976.7M | 4.75% | 17,651,930 | Common | SOLE |
| G8267P108 | SW | SMURFIT WESTROCK PLC | $794.0M | 3.86% | 18,400,418 | Common | SOLE |
| 02043Q107 | ALNY | ALNYLAM PHARMACEUTICALS INC | $691.8M | 3.36% | 2,121,412 | Common | SOLE |
| 110448107 | BTI | BRITISH AMERN TOB PLC | $686.5M | 3.34% | 14,503,968 | Common | SOLE |
| 49456B101 | KMI | KINDER MORGAN INC DEL | $665.5M | 3.24% | 22,635,179 | Common | SOLE |
| 36262G101 | GXO | GXO LOGISTICS INCORPORATED | $641.6M | 3.12% | 13,173,596 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $591.1M | 2.87% | 5,647,728 | Common | SOLE |
| 465562106 | ITUB | ITAU UNIBANCO HLDG S A | $574.1M | 2.79% | 84,543,938 | Common | SOLE |
| 45841N107 | IBKR | INTERACTIVE BROKERS GROUP IN | $539.7M | 2.62% | 9,740,072 | Common | SOLE |
| 780259305 | SHEL | SHELL PLC | $516.4M | 2.51% | 7,333,663 | Common | SOLE |
| G8473T100 | STE | STERIS PLC | $504.5M | 2.45% | 2,100,099 | Common | SOLE |
| 74982T103 | RXO | RXO INC | $493.2M | 2.40% | 31,375,221 | Common | SOLE |
| 64110W102 | NTES | NETEASE INC | $472.0M | 2.30% | 3,507,214 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $426.2M | 2.07% | 3,457,726 | Common | SOLE |
| 254687106 | DIS | DISNEY WALT CO | $415.6M | 2.02% | 3,351,421 | Common | SOLE |
| 983793100 | XPO | XPO INC | $397.8M | 1.93% | 3,150,052 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $339.0M | 1.65% | 1,086,717 | Common | SOLE |
| 595017104 | MCHP | MICROCHIP TECHNOLOGY INC. | $326.6M | 1.59% | 4,640,869 | Common | SOLE |
| 17243V102 | CNK | CINEMARK HLDGS INC | $304.8M | 1.48% | 10,098,174 | Common | SOLE |
| 651639106 | NEM | NEWMONT CORP | $291.9M | 1.42% | 5,009,521 | Common | SOLE |
| 00130H105 | AES | AES CORP | $290.5M | 1.41% | 27,618,252 | Common | SOLE |
| G6683N103 | NU | NU HLDGS LTD | $258.9M | 1.26% | 18,870,590 | Common | SOLE |
| 059460303 | BBD | BANCO BRADESCO S A | $250.4M | 1.22% | 81,034,974 | Common | SOLE |
| 33767E202 | FSV | FIRSTSERVICE CORP NEW | $248.6M | 1.21% | 1,423,870 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $247.0M | 1.20% | 810,205 | Common | SOLE |
| G7496G103 | RNR | RENAISSANCERE HLDGS LTD | $240.8M | 1.17% | 991,483 | Common | SOLE |
| 351858105 | FNV | FRANCO NEV CORP | $231.5M | 1.13% | 1,412,097 | Common | SOLE |
| 116794108 | BRKR | BRUKER CORP | $192.7M | 0.94% | 4,678,045 | Common | SOLE |
| 91912E105 | VALE | VALE S A | $191.0M | 0.93% | 19,665,389 | Common | SOLE |
| 151290889 | CX | CEMEX SAB DE CV | $182.3M | 0.89% | 26,300,519 | Common | SOLE |
| 09857L108 | BKNG | BOOKING HOLDINGS INC | $176.7M | 0.86% | 30,520 | Common | SOLE |
| 882508104 | TXN | TEXAS INSTRS INC | $168.2M | 0.82% | 809,986 | Common | SOLE |
| 372303206 | GMAB | GENMAB A/S | $163.6M | 0.80% | 7,920,400 | Common | SOLE |
| 81141R100 | SE | SEA LTD | $162.7M | 0.79% | 1,017,534 | Common | SOLE |
| G98239109 | XP | XP INC | $161.6M | 0.79% | 8,001,932 | Common | SOLE |
| 783549108 | R | RYDER SYS INC | $159.9M | 0.78% | 1,005,382 | Common | SOLE |
| 457669307 | INSM | INSMED INC | $153.4M | 0.75% | 1,524,134 | Common | SOLE |
| 45245E109 | IMAX | IMAX CORP | $143.0M | 0.70% | 5,113,033 | Common | SOLE |
| H17182108 | CRSP | CRISPR THERAPEUTICS AG | $134.5M | 0.65% | 2,764,532 | Common | SOLE |
| 06849F108 | B | BARRICK MNG CORP | $131.2M | 0.64% | 6,302,634 | Common | SOLE |
| 87157D109 | SYNA | SYNAPTICS INC | $118.8M | 0.58% | 1,833,523 | Common | SOLE |
| 25243Q205 | DEO | DIAGEO PLC | $116.8M | 0.57% | 1,157,991 | Common | SOLE |
| G17977110 | BUR | BURFORD CAP LTD | $110.3M | 0.54% | 7,732,120 | Common | SOLE |
| 962879102 | WPM | WHEATON PRECIOUS METALS CORP | $91.9M | 0.45% | 1,023,924 | Common | SOLE |
| 571903202 | MAR | MARRIOTT INTL INC NEW | $84.6M | 0.41% | 309,641 | Common | SOLE |
| 73642K106 | PTLO | PORTILLOS INC | $74.2M | 0.36% | 6,358,093 | Common | SOLE |
| 620076307 | MSI | MOTOROLA SOLUTIONS INC | $73.8M | 0.36% | 175,563 | Common | SOLE |
| 92763W103 | VIPS | VIPSHOP HLDGS LTD | $73.4M | 0.36% | 4,874,637 | Common | SOLE |
| 98741T104 | DAO | YOUDAO INC | $64.5M | 0.31% | 7,497,430 | Common | SOLE |
| 38059T106 | GFI | GOLD FIELDS LTD | $63.2M | 0.31% | 2,669,748 | Common | SOLE |
| 34964C106 | FBIN | FORTUNE BRANDS INNOVATIONS I | $52.1M | 0.25% | 1,012,411 | Common | SOLE |
| 13057Q305 | CRC | CALIFORNIA RES CORP | $51.2M | 0.25% | 1,121,467 | Common | SOLE |
| G4705A100 | ICLR | ICON PLC | $48.8M | 0.24% | 335,677 | Common | SOLE |
| 368736104 | GNRC | GENERAC HLDGS INC | $44.0M | 0.21% | 307,374 | Common | SOLE |
| 29250N105 | ENB | ENBRIDGE INC | $43.7M | 0.21% | 963,762 | Common | SOLE |
| 05605H100 | BWXT | BWX TECHNOLOGIES INC | $42.5M | 0.21% | 295,045 | Common | SOLE |
| 576323109 | MTZ | MASTEC INC | $40.8M | 0.20% | 239,407 | Common | SOLE |
| 63938C108 | NAVI | NAVIENT CORPORATION | $40.2M | 0.20% | 2,848,718 | Common | SOLE |
| 40415F101 | HDB | HDFC BANK LTD | $32.2M | 0.16% | 419,431 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $31.5M | 0.15% | 63,322 | Common | SOLE |
| 48241A105 | KB | KB FINL GROUP INC | $30.6M | 0.15% | 370,306 | Common | SOLE |
| 047649108 | ATKR | ATKORE INC | $25.7M | 0.12% | 364,011 | Common | SOLE |
| 29084Q100 | EME | EMCOR GROUP INC | $25.0M | 0.12% | 46,770 | Common | SOLE |
| 566330106 | MCS | MARCUS CORP DEL | $23.2M | 0.11% | 1,375,121 | Common | SOLE |
| 635309206 | NCMI | NATIONAL CINEMEDIA INC | $20.3M | 0.10% | 4,197,683 | Common | SOLE |
| G68707101 | PAGS | PAGSEGURO DIGITAL LTD | $20.1M | 0.10% | 2,085,730 | Common | SOLE |
| G65431127 | NE | NOBLE CORP PLC | $19.7M | 0.10% | 741,409 | Common | SOLE |
| G0378L100 | AU | ANGLOGOLD ASHANTI PLC | $19.5M | 0.09% | 427,891 | Common | SOLE |
| 617446448 | MS | MORGAN STANLEY | $16.2M | 0.08% | 115,346 | Common | SOLE |
| G3922B107 | G | GENPACT LIMITED | $15.8M | 0.08% | 359,700 | Common | SOLE |
| G1757E113 | CMCL | CALEDONIA MNG CORP PLC | $15.1M | 0.07% | 782,501 | Common | SOLE |
| 458140100 | INTC | INTEL CORP | $14.4M | 0.07% | 643,359 | Common | SOLE |
| 36118L106 | FUTU | FUTU HLDGS LTD | $11.0M | 0.05% | 88,899 | Common | SOLE |
| 46266C105 | IQV | IQVIA HLDGS INC | $8.2M | 0.04% | 52,195 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $1.2M | 0.01% | 5,412 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.