Institutional Manager · CIK 0001663865
Orbis Allan Gray Ltd
HamiltoN, D0 · File #028-17459
Latest AUM
$23.87B
Positions
152
Top-10 Concentration
40.9%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | UNITEDHEALTH GROUP INC | UNH | +2,574,041 | +$849.7M | -$40,542 |
| NEW | ALPHABET INC | GOOG | +2,663,789 | +$833.8M | $0 |
| REDUCE | PDD HOLDINGS INC | PDD | -6,941,557 | -$787.1M | -$130.4M |
| REDUCE | ALNYLAM PHARMACEUTICALS INC | ALNY | -1,946,569 | -$774.1M | -$113.7M |
| REDUCE | ICON PLC | ICLR | -4,127,516 | -$752.1M | +$29.8M |
| ADD | SMURFIT WESTROCK PLC | SW | +13,948,837 | +$539.4M | -$31,321 |
| REDUCE | BRITISH AMERN TOB PLC | 110448107 | -9,504,102 | -$538.1M | +$33.7M |
| REDUCE | STERIS PLC | STE | -1,920,784 | -$487.0M | +$12.4M |
| ADD | GENMAB A/S | GNMSF | +14,368,701 | +$442.6M | +$2,127 |
| ADD | XPO INC | XPO | +3,226,469 | +$438.5M | +$1.1M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025152 pos · $23.87B
- 13F HOLDINGS REPORTQ/E Sep 2025139 pos · $23.30B
- 13F HOLDINGS REPORTQ/E Jun 2025127 pos · $20.57B
- 13F HOLDINGS REPORTQ/E Mar 2025112 pos · $17.48B
- 13F HOLDINGS REPORTQ/E Dec 2024136 pos · $18.59B
- 13F HOLDINGS REPORTQ/E Sep 2024132 pos · $18.89B
- 13F HOLDINGS REPORTQ/E Jun 2024125 pos · $16.05B
- 13F HOLDINGS REPORTQ/E Mar 2024122 pos · $16.69B
- 13F HOLDINGS REPORTQ/E Dec 2023127 pos · $13.91B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | QXO INC | QXO-PB | 84,183,637 | $1.62B | 7.52% |
| 2 | CORPAY INC | CPAY | 4,710,167 | $1.42B | 6.56% |
| 3 | UNITEDHEALTH GROUP INC | UNH | 2,576,710 | $850.6M | 3.94% |
| 4 | ALPHABET INC | GOOG | 2,663,789 | $833.8M | 3.86% |
| 5 | ICON PLC | ICLR | 4,208,000 | $766.8M | 3.55% |
| 6 | INSMED INC | INSM | 4,178,206 | $727.2M | 3.37% |
| 7 | GXO LOGISTICS INCORPORATED | GXO | 12,961,835 | $682.3M | 3.16% |
| 8 | BRUKER CORP | BRKRP | 14,077,895 | $663.2M | 3.07% |
| 9 | ALNYLAM PHARMACEUTICALS INC | ALNY | 1,616,147 | $642.7M | 2.98% |
| 10 | NEWMONT CORP | NEMCL | 6,315,262 | $630.6M | 2.92% |
| 11 | INTERACTIVE BROKERS GROUP IN | 45841N107 | 9,273,735 | $596.4M | 2.76% |
| 12 | ITAU UNIBANCO HLDG S A | 465562106 | 81,649,756 | $584.6M | 2.71% |
| 13 | STERIS PLC | STE | 2,131,356 | $540.3M | 2.50% |
| 14 | SMURFIT WESTROCK PLC | SW | 13,956,868 | $539.7M | 2.50% |
| 15 | BRITISH AMERN TOB PLC | 110448107 | 9,283,873 | $525.7M | 2.43% |
| 16 | NETEASE INC | NETTF | 3,389,449 | $466.5M | 2.16% |
| 17 | XPO INC | XPO | 3,392,442 | $461.1M | 2.13% |
| 18 | GENMAB A/S | GNMSF | 14,385,069 | $443.1M | 2.05% |
| 19 | ELEVANCE HEALTH INC FORMERLY | ELV | 1,244,946 | $436.4M | 2.02% |
| 20 | MOTOROLA SOLUTIONS INC | MSI | 1,130,044 | $433.2M | 2.01% |