13F HOLDINGS REPORT
Orbis Allan Gray Ltd
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0001663865-25-000002
Total Value
$23.30B
Positions
139
Other Managers
3
Confidential Omitted
No
Holdings (139)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | QXO INC | QXO-PB | 85,014,300 | $1.62B | 6.95% |
| 2 | NEBIUS GROUP N.V. | NBIS | 12,788,453 | $1.44B | 6.16% |
| 3 | CORPAY INC | CPAY | 3,991,745 | $1.15B | 4.94% |
| 4 | PDD HOLDINGS INC | PDD | 6,942,339 | $917.6M | 3.94% |
| 5 | ALNYLAM PHARMACEUTICALS INC | ALNY | 1,948,641 | $888.6M | 3.81% |
| 6 | SMURFIT WESTROCK PLC | SW | 18,940,796 | $806.3M | 3.46% |
| 7 | ICON PLC | ICLR | 4,134,177 | $723.5M | 3.11% |
| 8 | GXO LOGISTICS INCORPORATED | GXO | 13,116,159 | $693.7M | 2.98% |
| 9 | UNITEDHEALTH GROUP INC | UNH | 1,974,735 | $681.9M | 2.93% |
| 10 | INTERACTIVE BROKERS GROUP IN | 45841N107 | 9,537,032 | $656.2M | 2.82% |
| 11 | NETEASE INC | NETTF | 4,157,480 | $631.9M | 2.71% |
| 12 | ITAU UNIBANCO HLDG S A | 465562106 | 83,295,275 | $611.4M | 2.62% |
| 13 | SEA LTD | SE | 3,105,766 | $555.1M | 2.38% |
| 14 | BRITISH AMERN TOB PLC | 110448107 | 9,521,130 | $505.4M | 2.17% |
| 15 | STERIS PLC | STE | 2,037,613 | $504.2M | 2.16% |
| 16 | RXO INC | RXO | 31,581,774 | $485.7M | 2.08% |
| 17 | NEWMONT CORP | NEMCL | 5,634,835 | $475.1M | 2.04% |
| 18 | INSMED INC | INSM | 3,250,868 | $468.2M | 2.01% |
| 19 | NU HLDGS LTD | NU | 27,265,937 | $436.5M | 1.87% |
| 20 | BRUKER CORP | BRKRP | 13,393,909 | $435.2M | 1.87% |
| 21 | ELEVANCE HEALTH INC FORMERLY | ELV | 1,307,498 | $422.5M | 1.81% |
| 22 | DISNEY WALT CO | 254687106 | 3,671,374 | $420.4M | 1.80% |
| 23 | KINDER MORGAN INC DEL | EP-PC | 14,724,010 | $416.8M | 1.79% |
| 24 | XPO INC | XPO | 2,987,396 | $386.2M | 1.66% |
| 25 | MICRON TECHNOLOGY INC | MU | 2,158,602 | $361.2M | 1.55% |
| 26 | AES CORP | AES | 25,933,967 | $341.3M | 1.46% |
| 27 | GENMAB A/S | GNMSF | 11,061,638 | $339.3M | 1.46% |
| 28 | CRISPR THERAPEUTICS AG | CRSP | 4,974,125 | $322.4M | 1.38% |
| 29 | CINEMARK HLDGS INC | CNK | 11,438,337 | $320.5M | 1.38% |
| 30 | CEMEX SAB DE CV | CXMSF | 34,835,858 | $313.2M | 1.34% |
| 31 | FRANCO NEV CORP | FNV | 1,371,967 | $305.8M | 1.31% |
| 32 | WESTLAKE CORPORATION | WLK | 3,911,076 | $301.4M | 1.29% |
| 33 | MOTOROLA SOLUTIONS INC | MSI | 598,421 | $273.7M | 1.17% |
| 34 | SPDR GOLD TR | GLD | 761,742 | $270.8M | 1.16% |
| 35 | FIRSTSERVICE CORP NEW | FSV | 1,297,984 | $247.3M | 1.06% |
| 36 | BARRICK MNG CORP | 06849F108 | 6,435,254 | $210.9M | 0.91% |
| 37 | VIPSHOP HLDGS LTD | VIPS | 9,587,623 | $188.3M | 0.81% |
| 38 | IQVIA HLDGS INC | IQV | 966,031 | $183.5M | 0.79% |
| 39 | IMAX CORP | IMAX | 5,222,063 | $171.0M | 0.73% |
| 40 | BOOKING HOLDINGS INC | BKNG | 28,249 | $152.5M | 0.65% |
| 41 | DIAGEO PLC | DGEAF | 1,546,130 | $147.5M | 0.63% |
| 42 | VALE S A | VALE | 13,573,795 | $147.4M | 0.63% |
| 43 | BAIDU INC | BAIDF | 1,044,173 | $137.6M | 0.59% |
| 44 | PEABODY ENERGY CORP | BTU | 4,942,081 | $131.1M | 0.56% |
| 45 | WHEATON PRECIOUS METALS CORP | WPM | 1,023,924 | $114.5M | 0.49% |
| 46 | GOLD FIELDS LTD | GFIOF | 2,669,748 | $112.0M | 0.48% |
| 47 | BURFORD CAP LTD | BUR | 9,112,563 | $109.0M | 0.47% |
| 48 | SHELL PLC | RYDAF | 1,399,368 | $100.1M | 0.43% |
| 49 | SYNAPTICS INC | SYNA | 1,398,302 | $95.6M | 0.41% |
| 50 | RYDER SYS INC | R | 470,216 | $88.7M | 0.38% |
| 51 | MARRIOTT INTL INC NEW | 571903202 | 309,641 | $80.6M | 0.35% |
| 52 | CALIFORNIA RES CORP | CRC | 1,371,744 | $72.9M | 0.31% |
| 53 | YOUDAO INC | DAO | 7,281,408 | $72.4M | 0.31% |
| 54 | BWX TECHNOLOGIES INC | BWXT | 327,836 | $60.4M | 0.26% |
| 55 | FORTUNE BRANDS INNOVATIONS I | FBIN | 1,059,015 | $56.5M | 0.24% |
| 56 | CELANESE CORP DEL | CE | 1,304,050 | $54.9M | 0.24% |
| 57 | LYONDELLBASELL INDUSTRIES N | LYB | 1,064,208 | $52.2M | 0.22% |
| 58 | GENERAC HLDGS INC | GNRC | 304,469 | $51.0M | 0.22% |
| 59 | ENBRIDGE INC | ENNPF | 995,208 | $50.2M | 0.22% |
| 60 | MASTEC INC | MTZ | 224,550 | $47.8M | 0.21% |
| 61 | PORTILLOS INC | 73642K106 | 6,798,135 | $43.8M | 0.19% |
| 62 | MINISO GROUP HLDG LTD | MSOGF | 1,780,405 | $40.1M | 0.17% |
| 63 | NAVIENT CORPORATION | JSM | 2,986,239 | $39.3M | 0.17% |
| 64 | CORPAY INC | CPAY | 135,186 | $38.9M | 0.17% |
| 65 | EMCOR GROUP INC | EME | 58,864 | $38.2M | 0.16% |
| 66 | HALLADOR ENERGY COMPANY | HNRG | 1,891,831 | $37.0M | 0.16% |
| 67 | NEW ORIENTAL ED & TECHNOLOGY | 647581206 | 597,498 | $31.7M | 0.14% |
| 68 | KB FINL GROUP INC | 48241A105 | 364,148 | $30.2M | 0.13% |
| 69 | ANGLOGOLD ASHANTI PLC | AU | 427,891 | $30.1M | 0.13% |
| 70 | FIRSTSERVICE CORP NEW | FSV | 156,204 | $29.8M | 0.13% |
| 71 | CARGURUS INC | CARG | 765,791 | $28.5M | 0.12% |
| 72 | QXO INC | QXO-PB | 1,458,494 | $27.8M | 0.12% |
| 73 | MARCUS CORP DEL | MCS | 1,750,208 | $27.1M | 0.12% |
| 74 | MOTOROLA SOLUTIONS INC | MSI | 57,578 | $26.3M | 0.11% |
| 75 | HDFC BANK LTD | HDB | 756,964 | $25.9M | 0.11% |
| 76 | MICROSOFT CORP | MSFT | 47,885 | $24.8M | 0.11% |
| 77 | BRUKER CORP | BRKRP | 738,111 | $24.0M | 0.10% |
| 78 | NIKE INC | NKE | 338,796 | $23.6M | 0.10% |
| 79 | NATIONAL CINEMEDIA INC | NCMI | 5,230,854 | $23.6M | 0.10% |
| 80 | MICROCHIP TECHNOLOGY INC. | MCHPP | 367,324 | $23.6M | 0.10% |
| 81 | CALEDONIA MNG CORP PLC | G1757E113 | 644,151 | $23.3M | 0.10% |
| 82 | STERIS PLC | STE | 91,698 | $22.7M | 0.10% |
| 83 | ON SEMICONDUCTOR CORP | ON | 457,009 | $22.5M | 0.10% |
| 84 | XPO INC | XPO | 165,973 | $21.5M | 0.09% |
| 85 | BOOZ ALLEN HAMILTON HLDG COR | BAH | 198,671 | $19.9M | 0.09% |
| 86 | OLIN CORP | OLN | 693,168 | $17.3M | 0.07% |
| 87 | INTEL CORP | INTC | 495,662 | $16.6M | 0.07% |
| 88 | RXO INC | RXO | 963,408 | $14.8M | 0.06% |
| 89 | GXO LOGISTICS INCORPORATED | GXO | 262,874 | $13.9M | 0.06% |
| 90 | SCHOLAR ROCK HLDG CORP | SRRK | 302,252 | $11.3M | 0.05% |
| 91 | FRANCO NEV CORP | FNV | 46,400 | $10.3M | 0.04% |
| 92 | SPDR GOLD TR | GLD | 27,475 | $9.8M | 0.04% |
| 93 | CELLEBRITE DI LTD | CLBT | 516,499 | $9.6M | 0.04% |
| 94 | GENPACT LIMITED | G | 214,532 | $9.0M | 0.04% |
| 95 | BOISE CASCADE CO DEL | BCC | 105,673 | $8.2M | 0.04% |
| 96 | KBR INC | KBR | 162,873 | $7.7M | 0.03% |
| 97 | KINDER MORGAN INC DEL | EP-PC | 160,526 | $4.5M | 0.02% |
| 98 | BARRICK MNG CORP | 06849F108 | 124,973 | $4.1M | 0.02% |
| 99 | CINEMARK HLDGS INC | CNK | 55,764 | $1.6M | 0.01% |
| 100 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 5,412 | $1.5M | 0.01% |
| 101 | SHELL PLC | RYDAF | 20,843 | $1.5M | 0.01% |
| 102 | MICRON TECHNOLOGY INC | MU | 7,937 | $1.3M | 0.01% |
| 103 | ALNYLAM PHARMACEUTICALS INC | ALNY | 2,321 | $1.1M | 0.00% |
| 104 | CALIFORNIA RES CORP | CRC | 18,835 | $1.0M | 0.00% |
| 105 | BURFORD CAP LTD | BUR | 79,259 | $947,938 | 0.00% |
| 106 | UNITEDHEALTH GROUP INC | UNH | 2,669 | $921,606 | 0.00% |
| 107 | NEBIUS GROUP N.V. | NBIS | 8,090 | $908,264 | 0.00% |
| 108 | BWX TECHNOLOGIES INC | BWXT | 4,412 | $813,440 | 0.00% |
| 109 | ICON PLC | ICLR | 4,641 | $812,175 | 0.00% |
| 110 | ENBRIDGE INC | ENNPF | 13,629 | $687,719 | 0.00% |
| 111 | IMAX CORP | IMAX | 19,820 | $649,105 | 0.00% |
| 112 | CEMEX SAB DE CV | CXMSF | 71,656 | $644,187 | 0.00% |
| 113 | GENERAC HLDGS INC | GNRC | 3,389 | $567,319 | 0.00% |
| 114 | CRISPR THERAPEUTICS AG | CRSP | 7,960 | $515,888 | 0.00% |
| 115 | GENMAB A/S | GNMSF | 16,368 | $502,007 | 0.00% |
| 116 | NU HLDGS LTD | NU | 30,595 | $489,826 | 0.00% |
| 117 | NAVIENT CORPORATION | JSM | 36,967 | $486,116 | 0.00% |
| 118 | EMCOR GROUP INC | EME | 742 | $481,959 | 0.00% |
| 119 | MASTEC INC | MTZ | 2,249 | $478,610 | 0.00% |
| 120 | PEABODY ENERGY CORP | BTU | 17,962 | $476,352 | 0.00% |
| 121 | INTERACTIVE BROKERS GROUP IN | 45841N107 | 6,840 | $470,660 | 0.00% |
| 122 | GXO LOGISTICS INCORPORATED | GXO | 8,776 | $464,163 | 0.00% |
| 123 | BRUKER CORP | BRKRP | 13,452 | $437,055 | 0.00% |
| 124 | RXO INC | RXO | 27,976 | $430,271 | 0.00% |
| 125 | BOOZ ALLEN HAMILTON HLDG COR | BAH | 4,155 | $415,292 | 0.00% |
| 126 | HALLADOR ENERGY COMPANY | HNRG | 19,956 | $390,539 | 0.00% |
| 127 | QXO INC | QXO-PB | 20,192 | $384,860 | 0.00% |
| 128 | MARCUS CORP DEL | MCS | 24,493 | $379,886 | 0.00% |
| 129 | SMURFIT WESTROCK PLC | SW | 8,031 | $341,880 | 0.00% |
| 130 | CORPAY INC | CPAY | 1,183 | $340,775 | 0.00% |
| 131 | NATIONAL CINEMEDIA INC | NCMI | 74,747 | $337,109 | 0.00% |
| 132 | ON SEMICONDUCTOR CORP | ON | 6,098 | $300,692 | 0.00% |
| 133 | MICROCHIP TECHNOLOGY INC. | MCHPP | 4,587 | $294,577 | 0.00% |
| 134 | IQVIA HLDGS INC | IQV | 1,506 | $286,050 | 0.00% |
| 135 | PORTILLOS INC | 73642K106 | 41,504 | $267,701 | 0.00% |
| 136 | WESTLAKE CORPORATION | WLK | 3,335 | $256,995 | 0.00% |
| 137 | NEWMONT CORP | NEMCL | 3,037 | $256,049 | 0.00% |
| 138 | ITAU UNIBANCO HLDG S A | 465562106 | 31,902 | $234,161 | 0.00% |
| 139 | ELEVANCE HEALTH INC FORMERLY | ELV | 620 | $200,334 | 0.00% |