Orbis Allan Gray Ltd

CIK

1663865

Location

HamiltoN, D0

Portfolio Value

Large $23,408,154,291

Diversification

Diversified

Filing Date

Global Rank

#250 / 8,605 — · as of Mar 2026

Top Industry

Biotechnology 10.8%

3Y Alpha vs SPY

-4.1%

Period ended 3 months ago

Filed May 15, 2026 · 55d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+56.5%

SPY

+76.5%

Annualised alpha

-4.8%

Max drawdown

−22.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

91 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

6.6%

−0.3 pts

Top 5

23.3%

−0.3 pts

Top 10

38.3%

+0.3 pts

HHI

256

Diversified−1

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Industrials	16.7%	$3,909,384,139	12
Healthcare	16.3%	$3,822,064,816	11
Communication Services	13.0%	$3,054,760,248	9
Technology	12.6%	$2,954,362,854	9
Basic Materials	11.1%	$2,604,737,282	10
Energy	9.3%	$2,167,722,052	9
Financial Services	6.2%	$1,442,104,954	8
Consumer Cyclical	5.8%	$1,366,529,998	12
Consumer Defensive	4.8%	$1,121,917,118	6
Real Estate	2.4%	$559,459,777	2
Unclassified	0.9%	$203,892,915	1
Utilities	0.9%	$201,218,138	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
EQT	EQT Corp	+8,633,628	12,112,733	$770,854,327
NBIS	Nebius Group N.V.	+4,979,408	8,314,766	$862,740,120
AR	ANTERO RESOURCES Corp	+4,127,938	4,872,046	$206,769,631
MICC	Magnum Ice Cream Co N.V.	+3,807,246	4,254,860	$63,610,156
BRKR	Bruker Corp	+3,033,346	17,940,076	$647,995,544
SHEL	Shell plc	+2,637,355	4,113,710	$382,575,030
TBBB	Bbb Foods Inc	+2,357,712	5,646,435	$199,714,405
FSV	FirstService Corp	+1,983,550	3,968,227	$551,345,458
DEO	Diageo PLC	+1,962,748	3,700,094	$275,471,998
DYN	Dyne Therapeutics, Inc.	+1,960,303	6,762,231	$122,599,247
RXO	RXO, Inc.	+1,720,219	36,397,974	$532,138,379
NU	Nu Holdings Ltd.	+1,558,863	5,482,567	$78,784,487
PRAX	Praxis Precision Medicines, Inc.	+1,217,318	2,472,480	$796,608,330
VALE	Vale S.A.	+1,130,319	19,372,500	$308,216,475
HDB	Hdfc Bank Ltd	+1,087,063	1,787,896	$44,482,852
CX	Cemex Sab De CV	+1,009,689	37,142,422	$424,909,307
BUR	Burford Capital Ltd	+968,904	13,020,448	$58,852,424
WLK	Westlake Corp	+906,884	5,293,519	$618,388,888
AM	Antero Midstream Corp	+852,427	2,262,431	$51,583,426
KMI	Kinder Morgan, Inc.	+758,127	11,308,464	$379,172,797
SRRK	Scholar Rock Holding Corp	+751,054	4,179,983	$205,487,963
MSI	Motorola Solutions, Inc.	+586,872	1,869,937	$811,496,558
PDD	PDD Holdings Inc.	+575,721	1,744,048	$178,206,823
CPAY	Corpay, Inc.	+357,457	5,345,425	$1,555,465,219
STE	STERIS plc	+343,401	2,592,912	$573,370,629
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ITUB	Itau Unibanco Holding S.A.	−12,412,943	69,269,672	$580,479,850
QXO	QXO, Inc.	−11,533,149	73,951,325	$1,436,134,731
AES	Aes Corp	−9,069,753	12,247,581	$172,568,416
FBIN	Fortune Brands Innovations, Inc.	−6,497,760	774,529	$30,183,395
VIPS	Vipshop Holdings Ltd	−5,597,783	5,217,165	$82,013,833
IBKR	Interactive Brokers Group, Inc.	−3,155,690	6,118,045	$410,337,278
INSM	INSMED Inc	−2,307,133	1,872,824	$306,244,179
IQV	Iqvia Holdings Inc.	−1,682,843	218,248	$37,220,013
BTI	British American Tobacco p.l.c.	−1,594,933	7,705,968	$450,567,948
GMAB	Genmab A/S	−1,492,884	12,925,578	$346,793,257
MNSO	MINISO Group Holding Ltd	−1,216,285	576,588	$9,340,725
NEM	NEWMONT Corp /DE/	−1,152,094	5,170,675	$559,725,568
ELV	Elevance Health, Inc.	−1,061,755	183,191	$53,629,165
GFI	Gold Fields Ltd	−1,017,375	1,443,998	$65,557,509
SE	Sea Ltd	−871,693	1,844,162	$152,715,055
MRVL	Marvell Technology, Inc.	−674,541	230,118	$22,793,187
B	Barrick Mining Corp	−661,668	6,020,532	$245,577,499
WPM	Wheaton Precious Metals Corp.	−501,127	522,797	$68,491,634
NCMI	National CineMedia, Inc.	−385,847	9,138,042	$27,871,028
FNV	FRANCO NEVADA Corp	−329,750	1,079,439	$266,675,404
ALNY	Alnylam Pharmaceuticals, Inc.	−283,394	1,334,825	$441,653,547
R	Ryder System Inc	−262,906	711,714	$145,694,972
XPO	XPO, Inc.	−243,497	3,409,092	$663,238,848
DAO	Youdao, Inc.	−205,134	6,738,724	$66,241,656
SW	Smurfit Westrock plc	−181,814	13,775,054	$548,935,901
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
NVDA	Nvidia Corp	2,089,904	$364,479,257
RHI	Robert Half Inc.	7,545,564	$191,657,324
EAT	Brinker International, Inc	927,512	$132,420,888
RRC	Range Resources Corp	2,706,746	$122,290,783
CARG	CarGurus, Inc.	2,333,259	$79,447,468
TRU	TransUnion	584,722	$40,456,915
AAL	American Airlines Group Inc.	2,195,566	$23,580,378
CNX	CNX Resources Corp	343,305	$13,234,407
LOMA	Loma Negra Compania Industrial Argentina Sociedad Anonima	1,051,245	$11,658,306
IRS	Irsa Investments & Representations Inc	500,575	$8,114,319
No positions match the current search.

Sold Out

Positions the filer fully exited

8 positions

Ticker	Company	Shares	Value
UNH	Unitedhealth Group Inc	2,581,182	$852,073,989
ICLR	Icon PLC	4,214,661	$767,995,527
BTU	Peabody Energy Corp	4,397,530	$130,606,640
OLN	OLIN Corp	3,804,561	$79,249,005
LULU	lululemon athletica inc.	93,221	$19,372,255
INTC	Intel Corp	495,099	$18,269,153
CLBT	Cellebrite DI Ltd.	670,613	$12,091,151
CMCL	Caledonia Mining Corp Plc	211,822	$5,543,381
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

91 positions · $23,408,154,291 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 91 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CPAY	Corpay, Inc. Technology	Added	5,345,425	+357,457	$1,555,465,219	+3.6%	6.64%
QXO	QXO, Inc. Industrials	Reduced	73,951,325	-11,533,149	$1,436,134,731	−12.9%	6.14%
NBIS	Nebius Group N.V. Communication Services	Added	8,314,766	+4,979,408	$862,740,120	+209.0%	3.69%
MSI	Motorola Solutions, Inc. Technology	Added	1,869,937	+586,872	$811,496,558	+65.0%	3.47%
PRAX	Praxis Precision Medicines, Inc. Healthcare	Added	2,472,480	+1,217,318	$796,608,330	+115.3%	3.40%
EQT	EQT Corp Energy	Added	12,112,733	+8,633,628	$770,854,327	+313.4%	3.29%
GOOGL	Alphabet Inc. Communication Services	Reduced	2,513,283	-150,506	$722,719,659	−13.3%	3.09%
GXO	GXO Logistics, Inc. Industrials	Held	13,424,844	0	$696,078,160	−1.5%	2.97%
XPO	XPO, Inc. Industrials	Reduced	3,409,092	-243,497	$663,238,848	+33.6%	2.83%
BRKR	Bruker Corp Healthcare	Added	17,940,076	+3,033,346	$647,995,544	−7.7%	2.77%
WLK	Westlake Corp Basic Materials	Added	5,293,519	+906,884	$618,388,888	+90.7%	2.64%
ITUB	Itau Unibanco Holding S.A. Financial Services	Reduced	69,269,672	-12,412,943	$580,479,850	−0.7%	2.48%
STE	STERIS plc Healthcare	Added	2,592,912	+343,401	$573,370,629	+0.5%	2.45%
NEM	NEWMONT Corp /DE/ Basic Materials	Reduced	5,170,675	-1,152,094	$559,725,568	−11.3%	2.39%
FSV	FirstService Corp Real Estate	Added	3,968,227	+1,983,550	$551,345,458	+78.6%	2.36%
SW	Smurfit Westrock plc Consumer Cyclical	Reduced	13,775,054	-181,814	$548,935,901	+1.7%	2.35%
RXO	RXO, Inc. Industrials	Added	36,397,974	+1,720,219	$532,138,379	+21.4%	2.27%
BTI	British American Tobacco p.l.c. Consumer Defensive	Reduced	7,705,968	-1,594,933	$450,567,948	−14.4%	1.92%
ALNY	Alnylam Pharmaceuticals, Inc. Healthcare	Reduced	1,334,825	-283,394	$441,653,547	−31.4%	1.89%
CNK	Cinemark Holdings, Inc. Communication Services	Held	15,057,911	0	$429,451,620	+22.7%	1.83%
CX	Cemex Sab De CV Basic Materials	Added	37,142,422	+1,009,689	$424,909,307	+2.3%	1.82%
IBKR	Interactive Brokers Group, Inc. Financial Services	Reduced	6,118,045	-3,155,690	$410,337,278	−31.2%	1.75%
NTES	NetEase, Inc. Communication Services	Added	3,584,478	+195,029	$401,246,467	−14.0%	1.71%
SHEL	Shell plc Energy	Added	4,113,710	+2,637,355	$382,575,030	+252.7%	1.63%
KMI	Kinder Morgan, Inc. Energy	Added	11,308,464	+758,127	$379,172,797	+30.7%	1.62%
NVDA	Nvidia Corp Technology	NEW	2,089,904	NEW	$364,479,257	NEW	1.56%
DIS	Walt Disney Co Communication Services	Added	3,734,888	+171,838	$359,968,505	−11.2%	1.54%
GMAB	Genmab A/S Healthcare	Reduced	12,925,578	-1,492,884	$346,793,257	−21.9%	1.48%
VALE	Vale S.A. Basic Materials	Added	19,372,500	+1,130,319	$308,216,475	+29.7%	1.32%
INSM	INSMED Inc Healthcare	Reduced	1,872,824	-2,307,133	$306,244,179	−57.9%	1.31%
CRSP	CRISPR Therapeutics AG Healthcare	Added	6,106,011	+155,866	$290,462,942	−6.9%	1.24%
DEO	Diageo PLC Consumer Defensive	Added	3,700,094	+1,962,748	$275,471,998	+83.8%	1.18%
FNV	FRANCO NEVADA Corp Basic Materials	Reduced	1,079,439	-329,750	$266,675,404	−8.7%	1.14%
B	Barrick Mining Corp Basic Materials	Reduced	6,020,532	-661,668	$245,577,499	−15.6%	1.05%
AR	ANTERO RESOURCES Corp Energy	Added	4,872,046	+4,127,938	$206,769,631	+706.4%	0.88%
SRRK	Scholar Rock Holding Corp Healthcare	Added	4,179,983	+751,054	$205,487,963	+36.0%	0.88%
GLD	Spdr Gold Trust	Reduced	473,850	-49,936	$203,892,915	−1.8%	0.87%
TBBB	Bbb Foods Inc Consumer Defensive	Added	5,646,435	+2,357,712	$199,714,405	+81.9%	0.85%
IMAX	Imax Corp Communication Services	Held	5,151,721	0	$195,816,915	+2.8%	0.84%
RNR	Renaissancere Holdings Ltd Financial Services	Added	648,479	+13,542	$192,747,413	+8.0%	0.82%
RHI	Robert Half Inc. Industrials	NEW	7,545,564	NEW	$191,657,324	NEW	0.82%
PDD	PDD Holdings Inc. Consumer Cyclical	Added	1,744,048	+575,721	$178,206,823	+34.5%	0.76%
AES	Aes Corp Utilities	Reduced	12,247,581	-9,069,753	$172,568,416	−43.5%	0.74%
SE	Sea Ltd Consumer Cyclical	Reduced	1,844,162	-871,693	$152,715,055	−55.9%	0.65%
CRC	California Resources Corp Energy	Added	2,177,565	+250,796	$150,731,049	+75.0%	0.64%
R	Ryder System Inc Industrials	Reduced	711,714	-262,906	$145,694,972	−21.9%	0.62%
EAT	Brinker International, Inc Consumer Cyclical	NEW	927,512	NEW	$132,420,888	NEW	0.57%
DYN	Dyne Therapeutics, Inc. Healthcare	Added	6,762,231	+1,960,303	$122,599,247	+30.5%	0.52%
RRC	Range Resources Corp Energy	NEW	2,706,746	NEW	$122,290,783	NEW	0.52%
SYNA	SYNAPTICS Inc Technology	Added	1,659,015	+122,787	$116,197,410	+2.2%	0.50%