# Orbis Allan Gray Ltd

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1663865. Source: https://holderbook.com/funds/1663865-orbis-allan-gray-ltd/

- Reported value: $29.1B
- Positions: 97
- Weight of the ten largest: 39.9%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| CORPAY INC | [CPAY](https://holderbook.com/stocks/CPAY/) | $1.8B | 5,408,507 | 6.2% | 10 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $1.8B | 6,494,719 | 6.2% | 7 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $1.3B | 7,191,572 | 4.4% | 13 |
| QXO INC | [QXO](https://holderbook.com/stocks/QXO/) | $1.3B | 73,951,325 | 4.4% | 8 |
| BRUKER CORP | [BRKR](https://holderbook.com/stocks/BRKR/) | $1.1B | 17,940,076 | 3.7% | 5 |
| RXO INC | [RXO](https://holderbook.com/stocks/RXO/) | $1.0B | 36,397,974 | 3.5% | 15 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $992.4M | 2,389,623 | 3.4% | 25 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $836.5M | 2,340,624 | 2.9% | 3 |
| EQT CORP | [EQT](https://holderbook.com/stocks/EQT/) | $835.1M | 15,706,047 | 2.9% | 3 |
| XPO INC | [XPO](https://holderbook.com/stocks/XPO/) | $698.6M | 3,402,819 | 2.4% | 31 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $686.0M | 8,847,436 | 2.4% | 18 |
| GXO LOGISTICS INCORPORATED | [GXO](https://holderbook.com/stocks/GXO/) | $680.6M | 13,424,844 | 2.3% | 20 |
| ITAU UNIBANCO HLDG S A | [ITUB](https://holderbook.com/stocks/ITUB/) | $664.2M | 81,301,690 | 2.3% | 6 |
| INSMED INC | [INSM](https://holderbook.com/stocks/INSM/) | $647.9M | 6,076,487 | 2.2% | 5 |
| ALNYLAM PHARMACEUTICALS INC | [ALNY](https://holderbook.com/stocks/ALNY/) | $598.3M | 1,987,407 | 2.1% | 9 |
| FIRSTSERVICE CORP NEW | [FSV](https://holderbook.com/stocks/FSV/) | $574.7M | 4,044,289 | 2.0% | 12 |
| STERIS PLC | [STE](https://holderbook.com/stocks/STE/) | $563.8M | 2,677,710 | 1.9% | 6 |
| INTERACTIVE BROKERS GROUP IN | [IBKR](https://holderbook.com/stocks/IBKR/) | $528.3M | 6,069,270 | 1.8% | 19 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $517.8M | 5,544,346 | 1.8% | 11 |
| PRAXIS PRECISION MEDICINES I | [PRAX](https://holderbook.com/stocks/PRAX/) | $512.2M | 1,529,788 | 1.8% | 3 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $490.3M | 2,450,522 | 1.7% | 2 |
| CINEMARK HLDGS INC | [CNK](https://holderbook.com/stocks/CNK/) | $477.8M | 15,057,911 | 1.6% | 20 |
| BRITISH AMERN TOB PLC | [BTI](https://holderbook.com/stocks/BTI/) | $456.1M | 7,385,374 | 1.6% | 30 |
| NETEASE COM INC | [NTES](https://holderbook.com/stocks/NTES/) | $448.9M | 3,503,491 | 1.5% | 31 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $408.4M | 5,353,562 | 1.4% | 7 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $384.0M | 4,777,636 | 1.3% | 6 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $377.2M | 11,797,985 | 1.3% | 20 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $359.5M | 3,734,888 | 1.2% | 12 |
| BROWN & BROWN INC | [BRO](https://holderbook.com/stocks/BRO/) | $344.6M | 5,371,080 | 1.2% | 1 |
| CEMEX SA EURO MTN BE 144A | [CX](https://holderbook.com/stocks/CX/) | $339.7M | 28,304,697 | 1.2% | 7 |
| SCHOLAR ROCK HLDG CORP | [SRRK](https://holderbook.com/stocks/SRRK/) | $326.3M | 5,933,533 | 1.1% | 4 |
| GENMAB A/S | [GMAB](https://holderbook.com/stocks/GMAB/) | $312.3M | 11,368,161 | 1.1% | 8 |
| ROBERT HALF INC. | [RHI](https://holderbook.com/stocks/RHI/) | $303.2M | 9,877,840 | 1.0% | 2 |
| CRISPR THERAPEUTICS AG | [CRSP](https://holderbook.com/stocks/CRSP/) | $297.2M | 5,449,161 | 1.0% | 7 |
| AMERICAN AIRLINES GROUP INC | [AAL](https://holderbook.com/stocks/AAL/) | $291.6M | 16,139,385 | 1.0% | 2 |
| BBB FOODS INC | [TBBB](https://holderbook.com/stocks/TBBB/) | $280.6M | 6,735,036 | 1.0% | 3 |
| SMURFIT WESTROCK PLC | [SW](https://holderbook.com/stocks/SW/) | $272.1M | 5,881,487 | 0.9% | 8 |
| FRANCO NEV CORP | [FNV](https://holderbook.com/stocks/FNV/) | $269.0M | 1,290,361 | 0.9% | 10 |
| RANGE RES CORP | [RRC](https://holderbook.com/stocks/RRC/) | $249.0M | 6,694,822 | 0.9% | 2 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $245.6M | 6,687,005 | 0.8% | 5 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $244.0M | 9,446,886 | 0.8% | 10 |
| RYAN SPECIALTY HOLDINGS INC | [RYAN](https://holderbook.com/stocks/RYAN/) | $238.2M | 6,307,845 | 0.8% | 1 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $235.4M | 4,342,664 | 0.8% | 7 |
| VALE S A | [VALE](https://holderbook.com/stocks/VALE/) | $214.6M | 14,267,945 | 0.7% | 7 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $212.8M | 1,101,165 | 0.7% | 5 |
| IMAX CORP | [IMAX](https://holderbook.com/stocks/IMAX/) | $205.3M | 5,149,555 | 0.7% | 9 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $184.2M | 499,941 | 0.6% | 31 |
| SYNAPTICS INC | [SYNA](https://holderbook.com/stocks/SYNA/) | $176.7M | 1,422,657 | 0.6% | 12 |
| RENAISSANCERE HLDGS LTD | [RNR](https://holderbook.com/stocks/RNR/) | $171.9M | 542,301 | 0.6% | 3 |
| ANTERO RESOURCES CORP | [AR](https://holderbook.com/stocks/AR/) | $159.8M | 4,547,301 | 0.5% | 3 |
| BRINKER INTL INC | [EAT](https://holderbook.com/stocks/EAT/) | $157.2M | 935,796 | 0.5% | 2 |
| DYNE THERAPEUTICS INC | [DYN](https://holderbook.com/stocks/DYN/) | $155.6M | 7,006,542 | 0.5% | 3 |
| WESTLAKE CORPORATION | [WLK](https://holderbook.com/stocks/WLK/) | $152.2M | 2,084,364 | 0.5% | 4 |
| TRANSUNION | [TRU](https://holderbook.com/stocks/TRU/) | $145.8M | 2,021,682 | 0.5% | 2 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $133.4M | 9,988,142 | 0.5% | 6 |
| CALIFORNIA RES CORP | [CRC](https://holderbook.com/stocks/CRC/) | $128.1M | 2,422,242 | 0.4% | 23 |
| NEW ORIENTAL ED & TECHNOLOGY | [EDU](https://holderbook.com/stocks/EDU/) | $99.3M | 2,162,403 | 0.3% | 4 |
| CARGURUS INC | [CARG](https://holderbook.com/stocks/CARG/) | $82.1M | 2,407,398 | 0.3% | 2 |
| RYDER SYS INC | [R](https://holderbook.com/stocks/R/) | $81.1M | 307,335 | 0.3% | 8 |
| YOUDAO INC | [DAO](https://holderbook.com/stocks/DAO/) | $80.7M | 6,563,497 | 0.3% | 27 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $70.8M | 183,191 | 0.2% | 31 |
| ON SEMICONDUCTOR CORP | [ON](https://holderbook.com/stocks/ON/) | $70.1M | 741,034 | 0.2% | 4 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $68.4M | 229,717 | 0.2% | 3 |
| BURFORD CAPITAL LIMITED | [BUR](https://holderbook.com/stocks/BUR/) | $60.2M | 14,673,240 | 0.2% | 23 |
| NEWAMSTERDAM PHARMA COMPANY | [NAMS](https://holderbook.com/stocks/NAMS/) | $59.2M | 1,747,627 | 0.2% | 1 |
| BWX TECHNOLOGIES INC | [BWXT](https://holderbook.com/stocks/BWXT/) | $57.9M | 297,329 | 0.2% | 5 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $55.8M | 134,216 | 0.2% | 1 |
| ANTERO MIDSTREAM CORP | [AM](https://holderbook.com/stocks/AM/) | $55.1M | 2,420,433 | 0.2% | 3 |
| MAGNUM ICE CREAM CO NV | [MICC](https://holderbook.com/stocks/MICC/) | $54.2M | 3,112,401 | 0.2% | 3 |
| GENERAC HLDGS INC | [GNRC](https://holderbook.com/stocks/GNRC/) | $53.3M | 182,189 | 0.2% | 14 |
| EMCOR GROUP INC | [EME](https://holderbook.com/stocks/EME/) | $52.1M | 62,764 | 0.2% | 6 |
| MARCUS CORP DEL | [MCS](https://holderbook.com/stocks/MCS/) | $51.4M | 2,189,129 | 0.2% | 14 |
| GOLD FIELDS LTD | [GFI](https://holderbook.com/stocks/GFI/) | $49.5M | 1,473,023 | 0.2% | 18 |
| SEA LTD | [SE](https://holderbook.com/stocks/SE/) | $49.2M | 513,300 | 0.2% | 8 |
| VIPSHOP HLDGS LTD | [VIPS](https://holderbook.com/stocks/VIPS/) | $47.7M | 3,594,710 | 0.2% | 18 |
| WHEATON PRECIOUS METALS CORP | [WPM](https://holderbook.com/stocks/WPM/) | $45.5M | 405,444 | 0.2% | 28 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $41.7M | 1,015,893 | 0.1% | 4 |
| NATIONAL CINEMEDIA INC | [NCMI](https://holderbook.com/stocks/NCMI/) | $35.4M | 9,313,977 | 0.1% | 5 |
| BOOZ ALLEN HAMILTON HLDG COR | [BAH](https://holderbook.com/stocks/BAH/) | $34.6M | 569,678 | 0.1% | 4 |
| CNX RES CORP | [CNX](https://holderbook.com/stocks/CNX/) | $30.1M | 886,386 | 0.1% | 2 |
| ANGLOGOLD ASHANTI PLC | [AU](https://holderbook.com/stocks/AU/) | $29.5M | 365,003 | 0.1% | 7 |
| HALLADOR ENERGY COMPANY | [HNRG](https://holderbook.com/stocks/HNRG/) | $29.5M | 1,695,845 | 0.1% | 4 |
| QXO INC | [QXOPRB](https://holderbook.com/stocks/QXOPRB/) | $27.8M | 569,445 | 0.1% | 1 |
| CELLEBRITE DI LTD | [CLBT](https://holderbook.com/stocks/CLBT/) | $24.9M | 1,707,749 | 0.1% | 1 |
| GENIUS SPORTS LIMITED | [GENI](https://holderbook.com/stocks/GENI/) | $22.8M | 3,767,572 | 0.1% | 1 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $22.7M | 61,340 | 0.1% | 12 |
| ECHOSTAR CORP | [ECHO](https://holderbook.com/stocks/ECHO/) | $21.8M | 214,394 | 0.1% | 1 |
| PORTILLOS INC | [PTLO](https://holderbook.com/stocks/PTLO/) | $19.8M | 4,171,276 | 0.1% | 16 |
| LOMA NEGRA CORP | [LOMA](https://holderbook.com/stocks/LOMA/) | $17.6M | 1,540,398 | 0.1% | 2 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $16.2M | 60,402 | 0.1% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $15.9M | 31,869 | 0.1% | 1 |
| IRSA INVERSIONES Y REP S A | [IRS](https://holderbook.com/stocks/IRS/) | $13.9M | 901,355 | 0.0% | 2 |
| WISE GROUP PLC | [WSE](https://holderbook.com/stocks/WSE/) | $8.7M | 730,105 | 0.0% | 1 |
| FUTU HLDGS LTD | [FUTU](https://holderbook.com/stocks/FUTU/) | $8.3M | 88,375 | 0.0% | 1 |
| GENPACT LIMITED | [G](https://holderbook.com/stocks/G/) | $4.8M | 174,752 | 0.0% | 8 |
| MINISO GROUP HLDG LTD | [MNSO](https://holderbook.com/stocks/MNSO/) | $3.1M | 254,418 | 0.0% | 4 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $1.4M | 2,916 | 0.0% | 5 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.0% | +14.8% | -3.8% | 100% |
| Q1 2026 | -1.7% | -4.6% | +2.9% | 100% |
| Q4 2025 | -1.0% | +2.4% | -3.4% | 100% |
| Q3 2025 | +10.8% | +7.8% | +3.0% | 100% |
| Q2 2025 | +13.3% | +10.5% | +2.9% | 100% |
| Q1 2025 | -2.6% | -4.6% | +2.0% | 100% |
| Q4 2024 | -4.0% | +2.1% | -6.1% | 100% |
| Q3 2024 | +7.7% | +5.4% | +2.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $29.1B | 97 |
| Q1 2026 | $23.7B | 91 |
| Q4 2025 | $23.9B | 89 |
| Q3 2025 | $23.3B | 86 |
| Q2 2025 | $20.6B | 78 |
| Q1 2025 | $17.5B | 78 |
| Q4 2024 | $18.6B | 84 |
| Q3 2024 | $18.9B | 80 |
| Q2 2024 | $16.1B | 76 |
| Q1 2024 | $16.7B | 71 |
| Q4 2023 | $15.9B | 73 |
| Q3 2023 | $13.9B | 76 |