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Orbis Allan Gray Ltd

Q4 2025 · Filed 2026-02-17
Market Value
$21.3B
+0.1%
Holdings
92
+1
New Purchases
10
Added To
40
Closed
9
Reduced
31
Top 10 Concentration
38.1%
Turnover
20.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 3.92% 0.00% +3.92% $834M
FBHS 1.71% 0.27% +1.44% $364M
INSM 3.42% 2.20% +1.22% $727M
IQV 2.01% 0.86% +1.15% $429M
BRKRP 3.30% 2.16% +1.14% $702M
MSI 2.31% 1.41% +0.90% $492M
EQT 0.88% 0.00% +0.88% $186M
RNR 0.84% 0.00% +0.84% $179M
UNH 4.01% 3.21% +0.79% $852M
NEM 2.97% 2.24% +0.73% $631M
SRRK 0.71% 0.05% +0.66% $151M
GMAB 2.09% 1.60% +0.49% $444M
CX 1.95% 1.48% +0.47% $415M
R 0.88% 0.42% +0.46% $187M
DYN 0.44% 0.00% +0.44% $94M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
YNDX 1.31% 6.76% -5.45% $279M
PDD 0.62% 4.32% -3.70% $132M
NU 0.31% 2.06% -1.75% $66M
MU 0.00% 1.71% -1.71% $0
ALNY 3.03% 4.19% -1.16% $643M
SE 1.63% 2.61% -0.98% $346M
NTES 2.19% 2.97% -0.78% $466M
KMI 1.36% 1.98% -0.62% $290M
BIDU 0.16% 0.65% -0.49% $33M
GLD 0.98% 1.32% -0.34% $208M
RXO 2.06% 2.36% -0.30% $438M
IBKR 2.80% 3.09% -0.29% $596M
CE 0.00% 0.26% -0.26% $0
LYB 0.00% 0.25% -0.25% $0
MTZ 0.00% 0.23% -0.23% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 7 $1.8B 8.6%
Large Cap 51 $14.5B 68.2%
Mid Cap 27 $4.7B 21.9%
Small Cap 6 $241M 1.1%
Micro Cap 1 $32M 0.1%

Portfolio Analytics

Avg Market Cap
$164.4B
Median Market Cap
$19.9B
Avg P/E
31.8
Median P/E
22.5
Avg Dividend Yield
0.01%
Avg Beta
0.95
# Stocks
91
# ETFs / Funds
1

Top Holdings (92 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 QXO 7.75% 85,484,474 $1.6B $19.29 $439K -1,008,512 -1.2%
2 UNH 4.01% 2,581,182 $852M $330.11 $169M +603,778 +30.5%
3 GOOGL 3.92% 2,663,789 $834M $313.00 +2,663,789 NEW
4 ICLR 3.61% 4,214,661 $768M $182.22 $44M +75,843 +1.8%
5 INSM 3.42% 4,179,957 $727M $174.04 $259M +929,089 +28.6%
6 GXO 3.32% 13,424,844 $707M $52.64 -$1M +37,035 +0.3%
7 BRKRP 3.30% 14,906,730 $702M $47.11 $243M +761,258 +5.4%
8 ALNY 3.03% 1,618,219 $643M $397.65 -$246M -332,743 -17.1%
9 NEM 2.97% 6,322,769 $631M $99.85 $156M +684,897 +12.2%
10 IBKR 2.80% 9,273,735 $596M $64.31 -$60M -270,137 -2.8%
11 ITUB 2.75% 81,682,615 $585M $7.16 -$27M -1,644,562 -2.0%
12 STE 2.68% 2,249,511 $570M $253.52 $43M +120,200 +5.7%
13 BTI 2.48% 9,300,901 $527M $56.62 $21M -220,229 -2.3%
14 XPO 2.33% 3,652,589 $496M $135.91 $89M +499,220 +15.8%
15 MSI 2.31% 1,283,065 $492M $383.32 $192M +627,066 +95.6%
16 NTES 2.19% 3,389,449 $466M $137.62 -$165M -768,031 -18.5%
17 GMAB 2.09% 14,418,462 $444M $30.80 $104M +3,340,456 +30.1%
18 RXO 2.06% 34,677,755 $438M $12.64 -$63M +2,104,597 +6.5%
19 ANTM 2.05% 1,244,946 $436M $350.55 $14M -63,172 -4.8%
20 IQV 2.01% 1,901,091 $429M $225.41 $245M +933,554 +96.5%
21 CX 1.95% 36,132,733 $415M $11.49 $101M +1,225,219 +3.5%
22 DIS 1.91% 3,563,050 $405M $113.77 -$15M -108,324 -3.0%
23 FBHS 1.71% 7,272,289 $364M $50.02 $307M +6,213,274 +586.7%
24 CNK 1.65% 15,057,911 $350M $23.24 $28M +3,563,810 +31.0%
25 SE 1.63% 2,715,855 $346M $127.57 -$209M -389,911 -12.6%
26 WLK 1.52% 4,386,635 $324M $73.94 $23M +472,224 +12.1%
27 CRSP 1.47% 5,950,145 $312M $52.44 -$11M +968,060 +19.4%
28 FSV 1.45% 1,984,677 $309M $155.53 $32M +530,489 +36.5%
29 AES 1.44% 21,317,334 $306M $14.34 -$36M -4,616,633 -17.8%
30 FNV 1.37% 1,409,189 $292M $207.28 -$24M -9,178 -0.7%
31 B 1.37% 6,682,200 $291M $43.55 $76M +121,973 +1.9%
32 KMI 1.36% 10,550,337 $290M $27.49 -$131M -4,334,199 -29.1%
33 YNDX 1.31% 3,335,358 $279M $83.70 -$1.2B -9,461,185 -73.9%
34 VALE 1.12% 18,242,181 $238M $13.03 $90M +4,668,386 +34.4%
35 GLD 0.98% 523,786 $208M $396.31 -$73M -265,431 -33.6%
36 VIPS 0.90% 10,814,948 $191M $17.69 $3M +1,227,325 +12.8%
37 IMAX 0.90% 5,151,721 $190M $36.96 $19M -90,162 -1.7%
38 R 0.88% 974,620 $187M $191.39 $98M +504,404 +107.3%
39 EQT 0.88% 3,479,105 $186M $53.60 +3,479,105 NEW
40 RNR 0.84% 634,937 $179M $281.16 +634,937 NEW
41 BKNG 0.77% 30,748 $165M $5,355.33 $12M +2,499 +8.8%
42 SRRK 0.71% 3,428,929 $151M $44.05 $140M +3,126,677 +1034.5%
43 DEO 0.70% 1,737,346 $150M $86.27 $2M +191,216 +12.4%
44 PDD 0.62% 1,168,327 $132M $113.39 -$785M -5,774,012 -83.2%
45 BTU 0.61% 4,397,530 $131M $29.70 -$934K -562,513 -11.3%
46 WPM 0.57% 1,023,924 $120M $117.52 $6M
47 SYNA 0.53% 1,536,228 $114M $74.02 $18M +137,926 +9.9%
48 SHEL 0.51% 1,476,355 $108M $73.48 $7M +56,144 +4.0%
49 BUR 0.51% 12,051,544 $107M $8.92 -$2M +2,859,722 +31.1%
50 GFI 0.51% 2,461,373 $107M $43.66 -$5M -208,375 -7.8%
51 MAR 0.45% 309,641 $96M $310.24 $15M
52 DYN 0.44% 4,801,928 $94M $19.56 +4,801,928 NEW
53 CRC 0.40% 1,926,769 $86M $44.71 $12M +536,190 +38.6%
54 OLN 0.37% 3,804,561 $79M $20.83 $62M +3,111,393 +448.9%
55 MRVL 0.36% 904,659 $77M $84.98 +904,659 NEW
56 DAO 0.33% 6,943,858 $70M $10.08 -$2M -337,550 -4.6%
57 ENB 0.32% 1,439,899 $69M $47.83 $18M +431,062 +42.7%
58 NU 0.31% 3,923,704 $66M $16.74 -$371M -23,372,828 -85.6%
59 BWXT 0.25% 309,516 $53M $172.84 -$8M -22,732 -6.8%
60 BAH 0.23% 567,544 $48M $84.36 $28M +364,718 +179.8%
61 EDU 0.22% 837,551 $46M $55.03 $14M +240,053 +40.2%
62 ON 0.22% 845,781 $46M $54.15 $23M +382,674 +82.6%
63 NKE 0.20% 672,298 $43M $63.71 $19M +333,502 +98.4%
64 SLGN 0.17% 888,720 $36M $40.37 +888,720 NEW
65 MNSO 0.16% 1,792,873 $34M $18.75 -$6M +12,468 +0.7%
66 BIDU 0.16% 254,741 $33M $130.66 -$104M -789,432 -75.6%
67 KB 0.15% 378,785 $33M $86.04 $2M +14,637 +4.0%
68 EME 0.15% 52,683 $32M $611.79 -$6M -6,923 -11.6%
69 PTLO 0.15% 6,994,844 $32M $4.54 -$12M +155,205 +2.3%
70 MCS 0.14% 1,915,765 $30M $15.51 $2M +141,064 +8.0%
71 HNRG 0.13% 1,490,148 $28M $19.04 -$9M -421,639 -22.1%
72 GNRC 0.13% 202,218 $28M $136.37 -$24M -105,640 -34.3%
73 AR 0.12% 744,108 $26M $34.46 +744,108 NEW
74 HDB 0.12% 700,833 $26M $36.54 -$249K -56,131 -7.4%
75 AM 0.12% 1,410,004 $25M $17.79 +1,410,004 NEW
76 MSFT 0.10% 45,105 $22M $483.62 -$3M -2,780 -5.8%
77 LULU 0.09% 93,221 $19M $207.81 +93,221 NEW
78 INTC 0.09% 495,099 $18M $36.90 $2M -563 -0.1%
79 CLBT 0.06% 670,613 $12M $18.03 $3M +154,114 +29.8%
80 G 0.04% 200,245 $9M $46.78 $381K -14,287 -6.7%
81 MICC 0.03% 447,614 $7M $15.85 +447,614 NEW
82 CMCL 0.03% 211,822 $6M $26.17 -$18M -432,329 -67.1%
83 TSM 0.01% 5,044 $2M $303.89 $21K -368 -6.8%
84 BCC —% -$8M -105,673 -100.0% SOLD
85 CARG —% -$29M -765,791 -100.0% SOLD
86 KBR —% -$8M -162,873 -100.0% SOLD
87 NAVI —% -$40M -3,023,206 -100.0% SOLD
88 CE —% -$55M -1,304,050 -100.0% SOLD
89 MTZ —% -$48M -226,799 -100.0% SOLD
90 MCHP —% -$24M -371,911 -100.0% SOLD
91 MU —% -$363M -2,166,539 -100.0% SOLD
92 LYB —% -$52M -1,064,208 -100.0% SOLD

New Positions

SymbolValue% Port
GOOGL $834M 3.92%
EQT $186M 0.88%
RNR $179M 0.84%
DYN $94M 0.44%
MRVL $77M 0.36%
SLGN $36M 0.17%
AR $26M 0.12%
AM $25M 0.12%
LULU $19M 0.09%
MICC $7M 0.03%

Sold Out Positions

SymbolValue% Port
LYB —%
CE —%
MTZ —%
KBR —%
BCC —%
CARG —%
MCHP —%
MU —%
NAVI —%
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