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Orbis Allan Gray Ltd

Q3 2025 · Filed 2025-11-14
Market Value
$21.2B
+15.2%
Holdings
91
+7
New Purchases
17
Added To
37
Closed
9
Reduced
24
Top 10 Concentration
41.9%
Turnover
28.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ICLR 3.41% 0.26% +3.14% $724M
SE 2.61% 0.88% +1.73% $555M
YNDX 6.76% 5.29% +1.47% $1.4B
WLK 1.42% 0.00% +1.42% $302M
UNH 3.21% 1.84% +1.38% $683M
INSM 2.20% 0.83% +1.37% $468M
BRKRP 2.16% 1.04% +1.12% $460M
PDD 4.32% 3.20% +1.11% $918M
MSI 1.41% 0.40% +1.01% $300M
IQV 0.86% 0.04% +0.82% $184M
CRSP 1.52% 0.73% +0.79% $323M
GMAB 1.60% 0.89% +0.71% $340M
NEM 2.24% 1.58% +0.66% $475M
NU 2.06% 1.40% +0.65% $437M
BIDU 0.65% 0.00% +0.65% $138M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ANTM 1.99% 6.02% -4.03% $423M
QXO 7.76% 11.24% -3.48% $1.6B
SHEL 0.48% 2.80% -2.32% $102M
MCHP 0.11% 1.77% -1.66% $24M
KMI 1.98% 3.61% -1.62% $421M
BBD 0.00% 1.36% -1.36% $0
BTI 2.38% 3.72% -1.34% $505M
RNR 0.00% 1.31% -1.31% $0
TXN 0.00% 0.91% -0.91% $0
XP 0.00% 0.88% -0.88% $0
MU 1.71% 2.31% -0.60% $363M
R 0.42% 0.87% -0.45% $89M
VALE 0.69% 1.03% -0.34% $147M
RXO 2.36% 2.67% -0.32% $501M
DIS 1.98% 2.25% -0.27% $420M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 8 $1.2B 5.6%
Large Cap 48 $15.8B 74.4%
Mid Cap 28 $3.9B 18.4%
Small Cap 6 $310M 1.5%
Micro Cap 1 $44M 0.2%

Portfolio Analytics

Avg Market Cap
$119.8B
Median Market Cap
$21.3B
Avg P/E
31.8
Median P/E
21.9
Avg Dividend Yield
0.02%
Avg Beta
0.96
# Stocks
90
# ETFs / Funds
1

Top Holdings (91 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 QXO 7.76% 86,492,986 $1.6B $19.06 -$426M -9,796,563 -10.2%
2 YNDX 6.76% 12,796,543 $1.4B $112.27 $460M -4,855,387 -27.5%
3 PDD 4.32% 6,942,339 $918M $132.17 $326M +1,294,611 +22.9%
4 ALNY 4.19% 1,950,962 $890M $456.00 $198M -170,450 -8.0%
5 ICLR 3.41% 4,138,818 $724M $175.00 $675M +3,803,141 +1133.0%
6 GXO 3.33% 13,387,809 $708M $52.89 $67M +214,213 +1.6%
7 UNH 3.21% 1,977,404 $683M $345.30 $344M +890,687 +82.0%
8 IBKR 3.09% 9,543,872 $657M $68.81 $117M -196,200 -2.0%
9 NTES 2.97% 4,157,480 $632M $151.99 $160M +650,266 +18.5%
10 ITUB 2.88% 83,327,177 $612M $7.34 $38M -1,216,761 -1.4%
11 SE 2.61% 3,105,766 $555M $178.73 $392M +2,088,232 +205.2%
12 STE 2.48% 2,129,311 $527M $247.44 $22M +29,212 +1.4%
13 BTI 2.38% 9,521,130 $505M $53.08 -$181M -4,982,838 -34.4%
14 RXO 2.36% 32,573,158 $501M $15.38 $8M +1,197,937 +3.8%
15 NEM 2.24% 5,637,872 $475M $84.31 $183M +628,351 +12.5%
16 INSM 2.20% 3,250,868 $468M $144.01 $315M +1,726,734 +113.3%
17 BRKRP 2.16% 14,145,472 $460M $32.49 $267M +9,467,427 +202.4%
18 NU 2.06% 27,296,532 $437M $16.01 $178M +8,425,942 +44.6%
19 ANTM 1.99% 1,308,118 $423M $323.12 -$688M -1,547,732 -54.2%
20 KMI 1.98% 14,884,536 $421M $28.31 -$244M -7,750,643 -34.2%
21 DIS 1.98% 3,671,374 $420M $114.50 $5M +319,953 +9.6%
22 XPO 1.92% 3,153,369 $408M $129.27 $10M +3,317 +0.1%
23 MU 1.71% 2,166,539 $363M $167.32 -$64M -1,291,187 -37.3%
24 AES 1.61% 25,933,967 $341M $13.16 $51M -1,684,285 -6.1%
25 GMAB 1.60% 11,078,006 $340M $30.67 $176M +3,157,606 +39.9%
26 CRSP 1.52% 4,982,085 $323M $64.81 $188M +2,217,553 +80.2%
27 CNK 1.52% 11,494,101 $322M $28.02 $17M +1,395,927 +13.8%
28 FNV 1.49% 1,418,367 $316M $222.91 $85M +6,270 +0.4%
29 CX 1.48% 34,907,514 $314M $8.99 $132M +8,606,995 +32.7%
30 WLK 1.42% 3,914,411 $302M $77.06 +3,914,411 NEW
31 MSI 1.41% 655,999 $300M $457.29 $226M +480,436 +273.6%
32 GLD 1.32% 789,217 $281M $355.47 $34M -20,988 -2.6%
33 FSV 1.30% 1,454,188 $277M $190.49 $28M +30,318 +2.1%
34 B 1.01% 6,560,227 $215M $32.77 $84M +257,593 +4.1%
35 VIPS 0.89% 9,587,623 $188M $19.64 $115M +4,712,986 +96.7%
36 IQV 0.86% 967,537 $184M $189.94 $176M +915,342 +1753.7%
37 IMAX 0.81% 5,241,883 $172M $32.75 $29M +128,850 +2.5%
38 BKNG 0.72% 28,249 $153M $5,399.27 -$24M -2,271 -7.4%
39 DEO 0.69% 1,546,130 $148M $95.43 $31M +388,139 +33.5%
40 VALE 0.69% 13,573,795 $147M $10.86 -$44M -6,091,594 -31.0%
41 BIDU 0.65% 1,044,173 $138M $131.77 +1,044,173 NEW
42 BTU 0.62% 4,960,043 $132M $26.52 +4,960,043 NEW
43 WPM 0.54% 1,023,924 $115M $111.84 $23M
44 GFI 0.53% 2,669,748 $112M $41.96 $49M
45 BUR 0.52% 9,191,822 $110M $11.96 -$326K +1,459,702 +18.9%
46 SHEL 0.48% 1,420,211 $102M $71.53 -$415M -5,913,452 -80.6%
47 SYNA 0.45% 1,398,302 $96M $68.34 -$23M -435,221 -23.7%
48 R 0.42% 470,216 $89M $188.64 -$71M -535,166 -53.2%
49 MAR 0.38% 309,641 $81M $260.44 -$4M
50 CRC 0.35% 1,390,579 $74M $53.18 $23M +269,112 +24.0%
51 DAO 0.34% 7,281,408 $72M $9.94 $8M -216,022 -2.9%
52 BWXT 0.29% 332,248 $61M $184.37 $19M +37,203 +12.6%
53 FBHS 0.27% 1,059,015 $57M $53.39 $4M +46,604 +4.6%
54 CE 0.26% 1,304,050 $55M $42.08 +1,304,050 NEW
55 LYB 0.25% 1,064,208 $52M $49.04 +1,064,208 NEW
56 GNRC 0.24% 307,858 $52M $167.40 $8M +484 +0.2%
57 ENB 0.24% 1,008,837 $51M $50.46 $7M +45,075 +4.7%
58 MTZ 0.23% 226,799 $48M $212.81 $7M -12,608 -5.3%
59 PTLO 0.21% 6,839,639 $44M $6.45 -$30M +481,546 +7.6%
60 MNSO 0.19% 1,780,405 $40M $22.50 +1,780,405 NEW
61 NAVI 0.19% 3,023,206 $40M $13.15 -$412K +174,488 +6.1%
62 EME 0.18% 59,606 $39M $649.54 $14M +12,836 +27.4%
63 HNRG 0.18% 1,911,787 $37M $19.57 +1,911,787 NEW
64 EDU 0.15% 597,498 $32M $53.07 +597,498 NEW
65 KB 0.14% 364,148 $30M $82.91 -$392K -6,158 -1.7%
66 CARG 0.13% 765,791 $29M $37.23 +765,791 NEW
67 MCS 0.13% 1,774,701 $28M $15.51 $4M +399,580 +29.1%
68 HDB 0.12% 756,964 $26M $34.16 -$6M +337,533 +80.5%
69 MSFT 0.12% 47,885 $25M $517.95 -$7M -15,437 -24.4%
70 MCHP 0.11% 371,911 $24M $64.22 -$303M -4,268,958 -92.0%
71 NKE 0.11% 338,796 $24M $69.73 +338,796 NEW
72 CMCL 0.11% 644,151 $23M $36.21 $8M -138,350 -17.7%
73 ON 0.11% 463,107 $23M $49.31 +463,107 NEW
74 BAH 0.10% 202,826 $20M $99.95 +202,826 NEW
75 OLN 0.08% 693,168 $17M $24.99 +693,168 NEW
76 INTC 0.08% 495,662 $17M $33.55 $2M -147,697 -23.0%
77 SRRK 0.05% 302,252 $11M $37.24 +302,252 NEW
78 CLBT 0.05% 516,499 $10M $18.53 +516,499 NEW
79 G 0.04% 214,532 $9M $41.89 -$7M -145,168 -40.4%
80 BCC 0.04% 105,673 $8M $77.32 +105,673 NEW
81 KBR 0.04% 162,873 $8M $47.29 +162,873 NEW
82 TSM 0.01% 5,412 $2M $279.29 $286K
83 NE —% -$20M -741,409 -100.0% SOLD
84 PAGS —% -$20M -2,085,730 -100.0% SOLD
85 TXN —% -$168M -809,986 -100.0% SOLD
86 XP —% -$162M -8,001,932 -100.0% SOLD
87 FUTU —% -$11M -88,899 -100.0% SOLD
88 BBD —% -$250M -81,034,974 -100.0% SOLD
89 ATKR —% -$26M -364,011 -100.0% SOLD
90 MS —% -$16M -115,346 -100.0% SOLD
91 RNR —% -$241M -991,483 -100.0% SOLD

New Positions

SymbolValue% Port
WLK $302M 1.42%
BIDU $138M 0.65%
BTU $132M 0.62%
CE $55M 0.26%
LYB $52M 0.25%
MNSO $40M 0.19%
HNRG $37M 0.18%
EDU $32M 0.15%
CARG $29M 0.13%
NKE $24M 0.11%
ON $23M 0.11%
BAH $20M 0.10%
OLN $17M 0.08%
SRRK $11M 0.05%
CLBT $10M 0.05%

Sold Out Positions

SymbolValue% Port
MS —%
PAGS —%
BBD —%
RNR —%
ATKR —%
NE —%
FUTU —%
XP —%
TXN —%
View SEC EDGAR Filings for Orbis Allan Gray Ltd →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms