Q3 2025 · 13F-HR
Orbis Allan Gray Ltdholdings as filed
Filed 2025-11-14 · accession 0001663865-25-000002
$23.30B
Reported value
86
Positions
2025-09-30
Period end
The Brief · Orbis Allan Gray Ltd · Q3 2025
AI · grounded in 13F
Orbis Allan Gray Ltd closed its position in BBD, reducing its holdings by $250.4M. The fund significantly increased its stake in ICON PLC by 1,132.98% and grew its position in SE by 205.22%. Other notable activity includes a 113.29% increase in INSM and a 91.99% reduction in MCHP.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 82846H405 | QXO | QXO INC | $1.65B | 7.08% | 86,492,986 | Common | SOLE |
| N97284108 | NBIS | NEBIUS GROUP N.V. | $1.44B | 6.17% | 12,796,543 | Common | SOLE |
| 219948106 | CPAY | CORPAY INC | $1.19B | 5.10% | 4,128,114 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $917.6M | 3.94% | 6,942,339 | Common | SOLE |
| 02043Q107 | ALNY | ALNYLAM PHARMACEUTICALS INC | $889.6M | 3.82% | 1,950,962 | Common | SOLE |
| G8267P108 | SW | SMURFIT WESTROCK PLC | $806.7M | 3.46% | 18,948,827 | Common | SOLE |
| G4705A100 | ICLR | ICON PLC | $724.3M | 3.11% | 4,138,818 | Common | SOLE |
| 36262G101 | GXO | GXO LOGISTICS INCORPORATED | $708.1M | 3.04% | 13,387,809 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $682.8M | 2.93% | 1,977,404 | Common | SOLE |
| 45841N107 | IBKR | INTERACTIVE BROKERS GROUP IN | $656.7M | 2.82% | 9,543,872 | Common | SOLE |
| 64110W102 | NTES | NETEASE INC | $631.9M | 2.71% | 4,157,480 | Common | SOLE |
| 465562106 | ITUB | ITAU UNIBANCO HLDG S A | $611.6M | 2.63% | 83,327,177 | Common | SOLE |
| 81141R100 | SE | SEA LTD | $555.1M | 2.38% | 3,105,766 | Common | SOLE |
| G8473T100 | STE | STERIS PLC | $526.9M | 2.26% | 2,129,311 | Common | SOLE |
| 110448107 | BTI | BRITISH AMERN TOB PLC | $505.4M | 2.17% | 9,521,130 | Common | SOLE |
| 74982T103 | RXO | RXO INC | $501.0M | 2.15% | 32,573,158 | Common | SOLE |
| 651639106 | NEM | NEWMONT CORP | $475.3M | 2.04% | 5,637,872 | Common | SOLE |
| 457669307 | INSM | INSMED INC | $468.2M | 2.01% | 3,250,868 | Common | SOLE |
| 116794108 | BRKR | BRUKER CORP | $459.6M | 1.97% | 14,145,472 | Common | SOLE |
| G6683N103 | NU | NU HLDGS LTD | $437.0M | 1.88% | 27,296,532 | Common | SOLE |
| 036752103 | ELV | ELEVANCE HEALTH INC FORMERLY | $422.7M | 1.81% | 1,308,118 | Common | SOLE |
| 49456B101 | KMI | KINDER MORGAN INC DEL | $421.4M | 1.81% | 14,884,536 | Common | SOLE |
| 254687106 | DIS | DISNEY WALT CO | $420.4M | 1.80% | 3,671,374 | Common | SOLE |
| 983793100 | XPO | XPO INC | $407.6M | 1.75% | 3,153,369 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $362.5M | 1.56% | 2,166,539 | Common | SOLE |
| 00130H105 | AES | AES CORP | $341.3M | 1.46% | 25,933,967 | Common | SOLE |
| 372303206 | GMAB | GENMAB A/S | $339.8M | 1.46% | 11,078,006 | Common | SOLE |
| H17182108 | CRSP | CRISPR THERAPEUTICS AG | $322.9M | 1.39% | 4,982,085 | Common | SOLE |
| 17243V102 | CNK | CINEMARK HLDGS INC | $322.1M | 1.38% | 11,494,101 | Common | SOLE |
| 351858105 | FNV | FRANCO NEV CORP | $316.2M | 1.36% | 1,418,367 | Common | SOLE |
| 151290889 | CX | CEMEX SAB DE CV | $313.8M | 1.35% | 34,907,514 | Common | SOLE |
| 960413102 | WLK | WESTLAKE CORPORATION | $301.6M | 1.29% | 3,914,411 | Common | SOLE |
| 620076307 | MSI | MOTOROLA SOLUTIONS INC | $300.0M | 1.29% | 655,999 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $280.5M | 1.20% | 789,217 | Common | SOLE |
| 33767E202 | FSV | FIRSTSERVICE CORP NEW | $277.0M | 1.19% | 1,454,188 | Common | SOLE |
| 06849F108 | B | BARRICK MNG CORP | $215.0M | 0.92% | 6,560,227 | Common | SOLE |
| 92763W103 | VIPS | VIPSHOP HLDGS LTD | $188.3M | 0.81% | 9,587,623 | Common | SOLE |
| 46266C105 | IQV | IQVIA HLDGS INC | $183.8M | 0.79% | 967,537 | Common | SOLE |
| 45245E109 | IMAX | IMAX CORP | $171.7M | 0.74% | 5,241,883 | Common | SOLE |
| 09857L108 | BKNG | BOOKING HOLDINGS INC | $152.5M | 0.65% | 28,249 | Common | SOLE |
| 25243Q205 | DEO | DIAGEO PLC | $147.5M | 0.63% | 1,546,130 | Common | SOLE |
| 91912E105 | VALE | VALE S A | $147.4M | 0.63% | 13,573,795 | Common | SOLE |
| 056752108 | BIDU | BAIDU INC | $137.6M | 0.59% | 1,044,173 | Common | SOLE |
| 704551100 | BTU | PEABODY ENERGY CORP | $131.5M | 0.56% | 4,960,043 | Common | SOLE |
| 962879102 | WPM | WHEATON PRECIOUS METALS CORP | $114.5M | 0.49% | 1,023,924 | Common | SOLE |
| 38059T106 | GFI | GOLD FIELDS LTD | $112.0M | 0.48% | 2,669,748 | Common | SOLE |
| G17977110 | BUR | BURFORD CAP LTD | $109.9M | 0.47% | 9,191,822 | Common | SOLE |
| 780259305 | SHEL | SHELL PLC | $101.6M | 0.44% | 1,420,211 | Common | SOLE |
| 87157D109 | SYNA | SYNAPTICS INC | $95.6M | 0.41% | 1,398,302 | Common | SOLE |
| 783549108 | R | RYDER SYS INC | $88.7M | 0.38% | 470,216 | Common | SOLE |
| 571903202 | MAR | MARRIOTT INTL INC NEW | $80.6M | 0.35% | 309,641 | Common | SOLE |
| 13057Q305 | CRC | CALIFORNIA RES CORP | $74.0M | 0.32% | 1,390,579 | Common | SOLE |
| 98741T104 | DAO | YOUDAO INC | $72.4M | 0.31% | 7,281,408 | Common | SOLE |
| 05605H100 | BWXT | BWX TECHNOLOGIES INC | $61.3M | 0.26% | 332,248 | Common | SOLE |
| 34964C106 | FBIN | FORTUNE BRANDS INNOVATIONS I | $56.5M | 0.24% | 1,059,015 | Common | SOLE |
| 150870103 | CE | CELANESE CORP DEL | $54.9M | 0.24% | 1,304,050 | Common | SOLE |
| N53745100 | LYB | LYONDELLBASELL INDUSTRIES N | $52.2M | 0.22% | 1,064,208 | Common | SOLE |
| 368736104 | GNRC | GENERAC HLDGS INC | $51.5M | 0.22% | 307,858 | Common | SOLE |
| 29250N105 | ENB | ENBRIDGE INC | $50.9M | 0.22% | 1,008,837 | Common | SOLE |
| 576323109 | MTZ | MASTEC INC | $48.3M | 0.21% | 226,799 | Common | SOLE |
| 73642K106 | PTLO | PORTILLOS INC | $44.1M | 0.19% | 6,839,639 | Common | SOLE |
| 66981J102 | MNSO | MINISO GROUP HLDG LTD | $40.1M | 0.17% | 1,780,405 | Common | SOLE |
| 63938C108 | NAVI | NAVIENT CORPORATION | $39.8M | 0.17% | 3,023,206 | Common | SOLE |
| 29084Q100 | EME | EMCOR GROUP INC | $38.7M | 0.17% | 59,606 | Common | SOLE |
| 40609P105 | HNRG | HALLADOR ENERGY COMPANY | $37.4M | 0.16% | 1,911,787 | Common | SOLE |
| 647581206 | EDU | NEW ORIENTAL ED & TECHNOLOGY | $31.7M | 0.14% | 597,498 | Common | SOLE |
| 48241A105 | KB | KB FINL GROUP INC | $30.2M | 0.13% | 364,148 | Common | SOLE |
| G0378L100 | AU | ANGLOGOLD ASHANTI PLC | $30.1M | 0.13% | 427,891 | Common | SOLE |
| 141788109 | CARG | CARGURUS INC | $28.5M | 0.12% | 765,791 | Common | SOLE |
| 566330106 | MCS | MARCUS CORP DEL | $27.5M | 0.12% | 1,774,701 | Common | SOLE |
| 40415F101 | HDB | HDFC BANK LTD | $25.9M | 0.11% | 756,964 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $24.8M | 0.11% | 47,885 | Common | SOLE |
| 635309206 | NCMI | NATIONAL CINEMEDIA INC | $23.9M | 0.10% | 5,305,601 | Common | SOLE |
| 595017104 | MCHP | MICROCHIP TECHNOLOGY INC. | $23.9M | 0.10% | 371,911 | Common | SOLE |
| 654106103 | NKE | NIKE INC | $23.6M | 0.10% | 338,796 | Common | SOLE |
| G1757E113 | CMCL | CALEDONIA MNG CORP PLC | $23.3M | 0.10% | 644,151 | Common | SOLE |
| 682189105 | ON | ON SEMICONDUCTOR CORP | $22.8M | 0.10% | 463,107 | Common | SOLE |
| 099502106 | BAH | BOOZ ALLEN HAMILTON HLDG COR | $20.3M | 0.09% | 202,826 | Common | SOLE |
| 680665205 | OLN | OLIN CORP | $17.3M | 0.07% | 693,168 | Common | SOLE |
| 458140100 | INTC | INTEL CORP | $16.6M | 0.07% | 495,662 | Common | SOLE |
| 80706P103 | SRRK | SCHOLAR ROCK HLDG CORP | $11.3M | 0.05% | 302,252 | Common | SOLE |
| M2197Q107 | CLBT | CELLEBRITE DI LTD | $9.6M | 0.04% | 516,499 | Common | SOLE |
| G3922B107 | G | GENPACT LIMITED | $9.0M | 0.04% | 214,532 | Common | SOLE |
| 09739D100 | BCC | BOISE CASCADE CO DEL | $8.2M | 0.04% | 105,673 | Common | SOLE |
| 48242W106 | KBR | KBR INC | $7.7M | 0.03% | 162,873 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $1.5M | 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.