13F HOLDINGS REPORT
Orbis Allan Gray Ltd
Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0001663865-26-000002
Total Value
$23.87B
Positions
152
Other Managers
3
Confidential Omitted
No
Holdings (152)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | QXO INC | QXO-PB | 84,183,637 | $1.62B | 6.80% |
| 2 | CORPAY INC | CPAY | 4,710,167 | $1.42B | 5.94% |
| 3 | UNITEDHEALTH GROUP INC | UNH | 2,576,710 | $850.6M | 3.56% |
| 4 | ALPHABET INC | GOOG | 2,663,789 | $833.8M | 3.49% |
| 5 | ICON PLC | ICLR | 4,208,000 | $766.8M | 3.21% |
| 6 | INSMED INC | INSM | 4,178,206 | $727.2M | 3.05% |
| 7 | GXO LOGISTICS INCORPORATED | GXO | 12,961,835 | $682.3M | 2.86% |
| 8 | BRUKER CORP | BRKRP | 14,077,895 | $663.2M | 2.78% |
| 9 | ALNYLAM PHARMACEUTICALS INC | ALNY | 1,616,147 | $642.7M | 2.69% |
| 10 | NEWMONT CORP | NEMCL | 6,315,262 | $630.6M | 2.64% |
| 11 | INTERACTIVE BROKERS GROUP IN | 45841N107 | 9,273,735 | $596.4M | 2.50% |
| 12 | ITAU UNIBANCO HLDG S A | 465562106 | 81,649,756 | $584.6M | 2.45% |
| 13 | STERIS PLC | STE | 2,131,356 | $540.3M | 2.26% |
| 14 | SMURFIT WESTROCK PLC | SW | 13,956,868 | $539.7M | 2.26% |
| 15 | BRITISH AMERN TOB PLC | 110448107 | 9,283,873 | $525.7M | 2.20% |
| 16 | NETEASE INC | NETTF | 3,389,449 | $466.5M | 1.95% |
| 17 | XPO INC | XPO | 3,392,442 | $461.1M | 1.93% |
| 18 | GENMAB A/S | GNMSF | 14,385,069 | $443.1M | 1.86% |
| 19 | ELEVANCE HEALTH INC FORMERLY | ELV | 1,244,946 | $436.4M | 1.83% |
| 20 | MOTOROLA SOLUTIONS INC | MSI | 1,130,044 | $433.2M | 1.81% |
| 21 | IQVIA HLDGS INC | IQV | 1,898,668 | $428.0M | 1.79% |
| 22 | RXO INC | RXO | 32,966,085 | $416.7M | 1.75% |
| 23 | CEMEX SAB DE CV | CXMSF | 36,036,463 | $414.1M | 1.73% |
| 24 | DISNEY WALT CO | 254687106 | 3,563,050 | $405.4M | 1.70% |
| 25 | PRAXIS PRECISION MEDICINES I | PRAX | 1,252,573 | $369.2M | 1.55% |
| 26 | FORTUNE BRANDS INNOVATIONS I | FBIN | 7,263,277 | $363.3M | 1.52% |
| 27 | CINEMARK HLDGS INC | CNK | 14,992,663 | $348.4M | 1.46% |
| 28 | SEA LTD | SE | 2,715,855 | $346.5M | 1.45% |
| 29 | WESTLAKE CORPORATION | WLK | 4,379,508 | $323.8M | 1.36% |
| 30 | CRISPR THERAPEUTICS AG | CRSP | 5,934,328 | $311.2M | 1.30% |
| 31 | AES CORP | AES | 21,317,334 | $305.7M | 1.28% |
| 32 | BARRICK MNG CORP | 06849F108 | 6,545,941 | $285.1M | 1.19% |
| 33 | KINDER MORGAN INC DEL | EP-PC | 10,367,494 | $285.0M | 1.19% |
| 34 | NEBIUS GROUP N.V. | NBIS | 3,335,358 | $279.2M | 1.17% |
| 35 | FRANCO NEV CORP | FNV | 1,338,055 | $277.4M | 1.16% |
| 36 | FIRSTSERVICE CORP NEW | FSV | 1,569,031 | $244.0M | 1.02% |
| 37 | VALE S A | VALE | 18,242,181 | $237.7M | 1.00% |
| 38 | SPDR GOLD TR | GLD | 501,062 | $198.6M | 0.83% |
| 39 | VIPSHOP HLDGS LTD | VIPS | 10,814,948 | $191.3M | 0.80% |
| 40 | IMAX CORP | IMAX | 5,131,901 | $189.7M | 0.79% |
| 41 | RYDER SYS INC | R | 972,048 | $186.0M | 0.78% |
| 42 | EQT CORP | EQT | 3,469,970 | $186.0M | 0.78% |
| 43 | RENAISSANCERE HLDGS LTD | RNR-PG | 634,937 | $178.5M | 0.75% |
| 44 | BOOKING HOLDINGS INC | BKNG | 30,748 | $164.7M | 0.69% |
| 45 | SCHOLAR ROCK HLDG CORP | SRRK | 3,423,664 | $150.8M | 0.63% |
| 46 | DIAGEO PLC | DGEAF | 1,737,346 | $149.9M | 0.63% |
| 47 | PDD HOLDINGS INC | PDD | 1,167,545 | $132.4M | 0.55% |
| 48 | PEABODY ENERGY CORP | BTU | 4,390,046 | $130.4M | 0.55% |
| 49 | WHEATON PRECIOUS METALS CORP | WPM | 1,023,924 | $120.3M | 0.50% |
| 50 | SYNAPTICS INC | SYNA | 1,534,719 | $113.6M | 0.48% |
| 51 | BBB FOODS INC | TBBB | 3,279,773 | $109.5M | 0.46% |
| 52 | GOLD FIELDS LTD | GFIOF | 2,461,373 | $107.5M | 0.45% |
| 53 | SHELL PLC | RYDAF | 1,455,512 | $107.0M | 0.45% |
| 54 | BURFORD CAP LTD | BUR | 11,949,395 | $106.6M | 0.45% |
| 55 | MARRIOTT INTL INC NEW | 571903202 | 309,641 | $96.1M | 0.40% |
| 56 | DYNE THERAPEUTICS INC | DYN | 4,779,248 | $93.5M | 0.39% |
| 57 | CALIFORNIA RES CORP | CRC | 1,899,431 | $84.9M | 0.36% |
| 58 | CORPAY INC | CPAY | 274,484 | $82.6M | 0.35% |
| 59 | OLIN CORP | OLN | 3,804,561 | $79.2M | 0.33% |
| 60 | MARVELL TECHNOLOGY INC | MRVL | 901,932 | $76.6M | 0.32% |
| 61 | YOUDAO INC | DAO | 6,943,858 | $70.0M | 0.29% |
| 62 | ENBRIDGE INC | ENNPF | 1,416,478 | $67.8M | 0.28% |
| 63 | NU HLDGS LTD | NU | 3,904,319 | $65.4M | 0.27% |
| 64 | FIRSTSERVICE CORP NEW | FSV | 415,646 | $64.6M | 0.27% |
| 65 | MOTOROLA SOLUTIONS INC | MSI | 153,021 | $58.7M | 0.25% |
| 66 | BWX TECHNOLOGIES INC | BWXT | 306,019 | $52.9M | 0.22% |
| 67 | BOOZ ALLEN HAMILTON HLDG COR | BAH | 559,682 | $47.2M | 0.20% |
| 68 | NEW ORIENTAL ED & TECHNOLOGY | 647581206 | 837,551 | $46.1M | 0.19% |
| 69 | ON SEMICONDUCTOR CORP | ON | 834,946 | $45.2M | 0.19% |
| 70 | NIKE INC | NKE | 672,298 | $42.8M | 0.18% |
| 71 | BRUKER CORP | BRKRP | 806,743 | $38.0M | 0.16% |
| 72 | NATIONAL CINEMEDIA INC | NCMI | 9,438,230 | $36.7M | 0.15% |
| 73 | ANGLOGOLD ASHANTI PLC | AU | 427,891 | $36.5M | 0.15% |
| 74 | SILGAN HLDGS INC | SLGN | 888,720 | $35.9M | 0.15% |
| 75 | XPO INC | XPO | 260,147 | $35.4M | 0.15% |
| 76 | MINISO GROUP HLDG LTD | MSOGF | 1,792,873 | $33.6M | 0.14% |
| 77 | BAIDU INC | BAIDF | 254,741 | $33.3M | 0.14% |
| 78 | KB FINL GROUP INC | 48241A105 | 378,785 | $32.6M | 0.14% |
| 79 | EMCOR GROUP INC | EME | 52,069 | $31.9M | 0.13% |
| 80 | PORTILLOS INC | 73642K106 | 6,953,340 | $31.6M | 0.13% |
| 81 | STERIS PLC | STE | 116,829 | $29.6M | 0.12% |
| 82 | MARCUS CORP DEL | MCS | 1,891,272 | $29.3M | 0.12% |
| 83 | HALLADOR ENERGY COMPANY | HNRG | 1,473,591 | $28.1M | 0.12% |
| 84 | GENERAC HLDGS INC | GNRC | 199,444 | $27.2M | 0.11% |
| 85 | HDFC BANK LTD | HDB | 700,833 | $25.6M | 0.11% |
| 86 | ANTERO RESOURCES CORP | AR | 733,013 | $25.3M | 0.11% |
| 87 | ANTERO MIDSTREAM CORP | AM | 1,389,371 | $24.7M | 0.10% |
| 88 | QXO INC | QXO-PB | 1,280,645 | $24.7M | 0.10% |
| 89 | GXO LOGISTICS INCORPORATED | GXO | 454,233 | $23.9M | 0.10% |
| 90 | MICROSOFT CORP | MSFT | 45,105 | $21.8M | 0.09% |
| 91 | RXO INC | RXO | 1,678,976 | $21.2M | 0.09% |
| 92 | LULULEMON ATHLETICA INC | LULU | 92,016 | $19.1M | 0.08% |
| 93 | INTEL CORP | INTC | 495,099 | $18.3M | 0.08% |
| 94 | FRANCO NEV CORP | FNV | 71,134 | $14.7M | 0.06% |
| 95 | CELLEBRITE DI LTD | CLBT | 661,361 | $11.9M | 0.05% |
| 96 | GENPACT LIMITED | G | 200,245 | $9.4M | 0.04% |
| 97 | SPDR GOLD TR | GLD | 22,724 | $9.0M | 0.04% |
| 98 | MAGNUM ICE CREAM CO NV | MICC | 440,137 | $7.0M | 0.03% |
| 99 | BARRICK MNG CORP | 06849F108 | 136,259 | $5.9M | 0.02% |
| 100 | CALEDONIA MNG CORP PLC | G1757E113 | 211,822 | $5.5M | 0.02% |
| 101 | KINDER MORGAN INC DEL | EP-PC | 182,843 | $5.0M | 0.02% |
| 102 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 5,044 | $1.5M | 0.01% |
| 103 | SHELL PLC | RYDAF | 20,843 | $1.5M | 0.01% |
| 104 | CINEMARK HLDGS INC | CNK | 65,248 | $1.5M | 0.01% |
| 105 | UNITEDHEALTH GROUP INC | UNH | 4,472 | $1.5M | 0.01% |
| 106 | CALIFORNIA RES CORP | CRC | 27,338 | $1.2M | 0.01% |
| 107 | ICON PLC | ICLR | 6,661 | $1.2M | 0.01% |
| 108 | ENBRIDGE INC | ENNPF | 23,421 | $1.1M | 0.00% |
| 109 | CEMEX SAB DE CV | CXMSF | 96,270 | $1.1M | 0.00% |
| 110 | BRUKER CORP | BRKRP | 22,092 | $1.0M | 0.00% |
| 111 | GENMAB A/S | GNMSF | 33,393 | $1.0M | 0.00% |
| 112 | CORPAY INC | CPAY | 3,317 | $998,185 | 0.00% |
| 113 | BRITISH AMERN TOB PLC | 110448107 | 17,028 | $964,125 | 0.00% |
| 114 | BURFORD CAP LTD | BUR | 102,149 | $911,169 | 0.00% |
| 115 | CRISPR THERAPEUTICS AG | CRSP | 15,817 | $829,443 | 0.00% |
| 116 | ALNYLAM PHARMACEUTICALS INC | ALNY | 2,072 | $823,931 | 0.00% |
| 117 | PRAXIS PRECISION MEDICINES I | PRAX | 2,589 | $763,082 | 0.00% |
| 118 | NEWMONT CORP | NEMCL | 7,507 | $749,574 | 0.00% |
| 119 | IMAX CORP | IMAX | 19,820 | $732,547 | 0.00% |
| 120 | BOOZ ALLEN HAMILTON HLDG COR | BAH | 7,862 | $663,238 | 0.00% |
| 121 | BWX TECHNOLOGIES INC | BWXT | 3,497 | $604,421 | 0.00% |
| 122 | ON SEMICONDUCTOR CORP | ON | 10,835 | $586,715 | 0.00% |
| 123 | IQVIA HLDGS INC | IQV | 2,423 | $546,168 | 0.00% |
| 124 | WESTLAKE CORPORATION | WLK | 7,127 | $526,970 | 0.00% |
| 125 | RYDER SYS INC | R | 2,572 | $492,255 | 0.00% |
| 126 | EQT CORP | EQT | 9,135 | $489,636 | 0.00% |
| 127 | GXO LOGISTICS INCORPORATED | GXO | 8,776 | $461,969 | 0.00% |
| 128 | FORTUNE BRANDS INNOVATIONS I | FBIN | 9,012 | $450,780 | 0.00% |
| 129 | DYNE THERAPEUTICS INC | DYN | 22,680 | $443,621 | 0.00% |
| 130 | RXO INC | RXO | 32,694 | $413,252 | 0.00% |
| 131 | QXO INC | QXO-PB | 20,192 | $389,504 | 0.00% |
| 132 | ANTERO RESOURCES CORP | AR | 11,095 | $382,334 | 0.00% |
| 133 | MARCUS CORP DEL | MCS | 24,493 | $379,886 | 0.00% |
| 134 | GENERAC HLDGS INC | GNRC | 2,774 | $378,290 | 0.00% |
| 135 | EMCOR GROUP INC | EME | 614 | $375,639 | 0.00% |
| 136 | ANTERO MIDSTREAM CORP | AM | 20,633 | $367,061 | 0.00% |
| 137 | STERIS PLC | STE | 1,326 | $336,168 | 0.00% |
| 138 | NATIONAL CINEMEDIA INC | NCMI | 85,659 | $333,214 | 0.00% |
| 139 | NU HLDGS LTD | NU | 19,385 | $324,505 | 0.00% |
| 140 | HALLADOR ENERGY COMPANY | HNRG | 16,557 | $315,245 | 0.00% |
| 141 | INSMED INC | INSM | 1,751 | $304,744 | 0.00% |
| 142 | BBB FOODS INC | TBBB | 8,950 | $298,841 | 0.00% |
| 143 | LULULEMON ATHLETICA INC | LULU | 1,205 | $250,411 | 0.00% |
| 144 | ITAU UNIBANCO HLDG S A | 465562106 | 32,859 | $235,270 | 0.00% |
| 145 | SCHOLAR ROCK HLDG CORP | SRRK | 5,265 | $231,923 | 0.00% |
| 146 | MARVELL TECHNOLOGY INC | MRVL | 2,727 | $231,740 | 0.00% |
| 147 | PEABODY ENERGY CORP | BTU | 7,484 | $222,275 | 0.00% |
| 148 | PORTILLOS INC | 73642K106 | 41,504 | $188,428 | 0.00% |
| 149 | CELLEBRITE DI LTD | CLBT | 9,252 | $166,814 | 0.00% |
| 150 | MAGNUM ICE CREAM CO NV | MICC | 7,477 | $118,510 | 0.00% |
| 151 | SYNAPTICS INC | SYNA | 1,509 | $111,696 | 0.00% |
| 152 | PDD HOLDINGS INC | PDD | 782 | $88,671 | 0.00% |