Orbis Allan Gray Ltd
Sector Allocation
- Technology18.3%$5.3B
- Healthcare16.8%$4.9B
- Financials15.6%$4.5B
- Consumer Discretionary12.2%$3.5B
- Industrials10.8%$3.1B
- Energy9.5%$2.8B
- Materials7.5%$2.2B
- Consumer Staples4.0%$1.2B
- Communication Services3.2%$933.2M
- Real Estate2.0%$588.7M
AUM History
13fpro.ai/research/fund/orbis-allan-gray-ltd-1663865
Conviction and streaks
Concentrating · top 10 = 39.9%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
CPAY
$1.8BNBIS
$1.8BBKNG
$1.3BQXO
$1.3BBRKR
$1.1BRXO
$1.0BMSI
$992.4MGOOGL
$836.5MEQT
$835.1MXPO
$698.6MSHEL
$686.0MGXO
$680.6MITUB
$664.2MINSM
$647.9MALNY
$598.3MFSV
$574.7MSTE
$563.8MIBKR
$528.3MNEM
$517.8MPRAX
$512.2M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/orbis-allan-gray-ltd-1663865
Orbis Allan Gray Ltd 13F holdings — Q2 2026
$29.1B portfolio (+22.8% QoQ) · 97 holdings · Q2 2026 13F · top 10 are 40% of the stock portfolio
$1.8B
6.2% of stocks
+1%This quarter-4.3%Since filed10+ qtrsHeld$1.8B
6.2% of stocks
-22%This quarter-44.8%Since filed10+ qtrsHeld$1.3B
4.4% of stocks
+9648%This quarter-27.8%Since filed10+ qtrsHeld$1.3B
4.4% of stocks
No changeThis quarter-27.8%Since filed8 qtrsHeld$1.1B
3.7% of stocks
No changeThis quarter+0.9%Since filed5 qtrsHeld$1.0B
3.5% of stocks
No changeThis quarter+21.9%Since filed10+ qtrsHeld$992.4M
3.4% of stocks
+28%This quarter+4.1%Since filed10+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 4 qtrs in a row$836.5M
2.9% of stocks
-7%This quarter-8.5%Since filed3 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$835.1M
2.9% of stocks
+30%This quarter+0.8%Since filed3 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 3 qtrs in a row$698.6M
2.4% of stocks
-0.2%This quarter-13.6%Since filed10+ qtrsHeld
All holdings — Orbis Allan Gray Ltd (Q2 2026)
97 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | Shell plcadr | Energy | $686.0M | 2.4% | 8.85M | +115% | 10+ qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | GXO Logistics, Inc. | Industrials | $680.6M | 2.3% | 13.42M | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | Itau Unibanco Holding S.A.preferred | Financials | $664.2M | 2.3% | 81.30M | +17% | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | INSMED Inc | Healthcare | $647.9M | 2.2% | 6.08M | +224% | 5 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | ALNYLAM PHARMACEUTICALS, INC. | Healthcare | $598.3M | 2.1% | 1.99M | +49% | 9 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | FirstService Corp | Real Estate | $574.7M | 2.0% | 4.04M | +2% | 10+ qtrsAdded 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | STERIS plc | Healthcare | $563.8M | 1.9% | 2.68M | +3% | 6 qtrsAdded 6 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | Interactive Brokers Group, Inc. | Financials | $528.3M | 1.8% | 6.07M | -0.8% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | NEWMONT Corp /DE/ | Materials | $517.8M | 1.8% | 5.54M | +7% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | Praxis Precision Medicines, Inc. | Healthcare | $512.2M | 1.8% | 1.53M | -38% | 3 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | NVIDIA CORP | Technology | $490.3M | 1.7% | 2.45M | +17% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | Cinemark Holdings, Inc. | Communication Services | $477.8M | 1.6% | 15.06M | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | British American Tobacco p.l.c.adr | Consumer Staples | $456.1M | 1.6% | 7.39M | -4% | 10+ qtrsTrimmed 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | NetEase, Inc.adr | Technology | $448.9M | 1.5% | 3.50M | -2% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | PDD Holdings Inc.adr | Consumer Discretionary | $408.4M | 1.4% | 5.35M | +207% | 7 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $DEO | DIAGEO PLC | Consumer Staples | $384.0M | 1.3% | 4.78M | +29% | |||
| 27 | $KMI | KINDER MORGAN, INC. | Energy | $377.2M | 1.3% | 11.80M | +4% | |||
| 28 | $DIS | Walt Disney Co | Communication Services | $359.5M | 1.2% | 3.73M | — | |||
| 29 | $BRO | BROWN & BROWN, INC. | Financials | $344.6M | 1.2% | 5.37M | New | |||
| 30 | $CX | CEMEX SAB DE CV | Materials | $339.7M | 1.2% | 28.30M | -24% | |||
| 31 | $SRRK | Scholar Rock Holding Corp | Healthcare | $326.3M | 1.1% | 5.93M | +42% | |||
| 32 | $GMAB | GENMAB A/S | Healthcare | $312.3M | 1.1% | 11.37M | -12% | |||
| 33 | $RHI | ROBERT HALF INC. | Industrials | $303.2M | 1.0% | 9.88M | +31% | |||
| 34 | $CRSP | CRISPR Therapeutics AG | Healthcare | $297.2M | 1.0% | 5.45M | -11% | |||
| 35 | $AAL | American Airlines Group Inc. | Industrials | $291.6M | 1.0% | 16.14M | +635% | |||
| 36 | $TBBB | BBB FOODS INC | Consumer Staples | $280.6M | 1.0% | 6.74M | +19% | |||
| 37 | $SW | Smurfit Westrock plc | Materials | $272.1M | 0.9% | 5.88M | -57% | |||
| 38 | $FNV | FRANCO NEVADA Corp | Materials | $269.0M | 0.9% | 1.29M | +20% | |||
| 39 | $RRC | RANGE RESOURCES CORP | Energy | $249.0M | 0.9% | 6.69M | +147% | |||
| 40 | $B | BARRICK MINING CORP | Materials | $245.6M | 0.8% | 6.69M | +11% | |||
| 41 | $HDB | HDFC BANK LTD | Financials | $244.0M | 0.8% | 9.45M | +428% | |||
| 42 | $RYAN | RYAN SPECIALTY HOLDINGS, INC. | Financials | $238.2M | 0.8% | 6.31M | New | |||
| 43 | $ENB | ENBRIDGE INC | Energy | $235.4M | 0.8% | 4.34M | +160% | |||
| 44 | $VALE | Vale S.A. | Materials | $214.6M | 0.7% | 14.27M | -26% | |||
| 45 | $IQV | IQVIA HOLDINGS INC. | Healthcare | $212.8M | 0.7% | 1.10M | +405% | |||
| 46 | $IMAX | IMAX CORP | Technology | $205.3M | 0.7% | 5.15M | -0.0% | |||
| 47 | $GLD | SPDR GOLD TRUST | Financials | $184.2M | 0.6% | 500K | +6% | |||
| 48 | $SYNA | SYNAPTICS Inc | Technology | $176.7M | 0.6% | 1.42M | -14% | |||
| 49 | $RNR | RENAISSANCERE HOLDINGS LTD | Financials | $171.9M | 0.6% | 542K | -16% | |||
| 50 | $AR | ANTERO RESOURCES Corp | Energy | $159.8M | 0.6% | 4.55M | -7% | |||
| 51 | $EAT | BRINKER INTERNATIONAL, INC | Consumer Discretionary | $157.2M | 0.5% | 936K | +0.9% | |||
| 52 | $DYN | Dyne Therapeutics, Inc. | Healthcare | $155.6M | 0.5% | 7.01M | +4% | |||
| 53 | $WLK | WESTLAKE CORP | Materials | $152.2M | 0.5% | 2.08M | -61% | |||
| 54 | $TRU | TransUnion | Financials | $145.8M | 0.5% | 2.02M | +246% | |||
| 55 | $NU | Nu Holdings Ltd. | Financials | $133.4M | 0.5% | 9.99M | +82% | |||
| 56 | $CRC | California Resources Corp | Energy | $128.1M | 0.4% | 2.42M | +11% | |||
| 57 | $EDU | New Oriental Education & Technology Group Inc. | Consumer Discretionary | $99.3M | 0.3% | 2.16M | +85% | |||
| 58 | $CARG | CarGurus, Inc. | Technology | $82.1M | 0.3% | 2.41M | +3% | |||
| 59 | $R | RYDER SYSTEM INC | Consumer Discretionary | $81.1M | 0.3% | 307K | -57% | |||
| 60 | $DAO | Youdao, Inc. | Consumer Discretionary | $80.7M | 0.3% | 6.56M | -3% | |||
| 61 | $ELV | Elevance Health, Inc. | Healthcare | $70.8M | 0.2% | 183K | — | |||
| 62 | $ON | ON SEMICONDUCTOR CORP | Technology | $70.1M | 0.2% | 741K | -22% | |||
| 63 | $MRVL | Marvell Technology, Inc. | Technology | $68.4M | 0.2% | 230K | -0.2% | |||
| 64 | $BUR | Burford Capital Ltd | Financials | $60.2M | 0.2% | 14.67M | +13% | |||
| 65 | $NAMS | NewAmsterdam Pharma Co N.V. | Healthcare | $59.2M | 0.2% | 1.75M | New | |||
| 66 | $BWXT | BWX Technologies, Inc. | Industrials | $57.9M | 0.2% | 297K | -0.3% | |||
| 67 | $UNH | UNITEDHEALTH GROUP INC | Healthcare | $55.8M | 0.2% | 134K | New | |||
| 68 | $AM | Antero Midstream Corp | Energy | $55.1M | 0.2% | 2.42M | +7% | |||
| 69 | $MICC | Magnum Ice Cream Co N.V. | Consumer Staples | $54.2M | 0.2% | 3.11M | -27% | |||
| 70 | $GNRC | GENERAC HOLDINGS INC. | Technology | $53.3M | 0.2% | 182K | -13% | |||
| 71 | $EME | EMCOR Group, Inc. | Industrials | $52.1M | 0.2% | 63K | +3% | |||
| 72 | $MCS | MARCUS CORP | Communication Services | $51.4M | 0.2% | 2.19M | +12% | |||
| 73 | $GFI | GOLD FIELDS LTD | Materials | $49.5M | 0.2% | 1.47M | +2% | |||
| 74 | $SE | Sea Ltd | Industrials | $49.2M | 0.2% | 513K | -72% | |||
| 75 | $VIPS | Vipshop Holdings Ltd | Consumer Discretionary | $47.7M | 0.2% | 3.59M | -31% | |||
| 76 | $WPM | Wheaton Precious Metals Corp. | Materials | $45.5M | 0.2% | 405K | -22% | |||
| 77 | $NKE | NIKE, Inc. | Consumer Discretionary | $41.7M | 0.1% | 1.02M | +7% | |||
| 78 | $NCMI | National CineMedia, Inc. | Technology | $35.4M | 0.1% | 9.31M | +2% | |||
| 79 | $BAH | Booz Allen Hamilton Holding Corp | Technology | $34.6M | 0.1% | 570K | +2% | |||
| 80 | $CNX | CNX Resources Corp | Energy | $30.1M | 0.1% | 886K | +158% | |||
| 81 | $AU | AngloGold Ashanti PLC | Materials | $29.5M | 0.1% | 365K | — | |||
| 82 | $HNRG | HALLADOR ENERGY CO | Utilities | $29.5M | 0.1% | 1.70M | -4% | |||
| 83 | $QXO | QXO, Inc. | Consumer Discretionary | $27.8M | 0.1% | 569K | New | |||
| 84 | $CLBT | Cellebrite DI Ltd. | Technology | $24.9M | 0.1% | 1.71M | New | |||
| 85 | $GENI | Genius Sports Ltd | Communication Services | $22.8M | 0.1% | 3.77M | New | |||
| 86 | $MAR | MARRIOTT INTERNATIONAL INC /MD/ | Consumer Discretionary | $22.7M | 0.1% | 61K | -59% | |||
| 87 | $ECHO | EchoStar CORP | Communication Services | $21.8M | 0.1% | 214K | New | |||
| 88 | $PTLO | Portillo's Inc. | Consumer Discretionary | $19.8M | 0.1% | 4.17M | -41% | |||
| 89 | $LOMA | Loma Negra Compania Industrial Argentina Sociedad Anonima | Materials | $17.6M | 0.1% | 1.54M | +47% | |||
| 90 | $HWM | Howmet Aerospace Inc. | Materials | $16.2M | 0.1% | 60K | New | |||
| 91 | $BRK.B | BERKSHIRE HATHAWAY INC | Financials | $15.9M | 0.1% | 32K | New | |||
| 92 | $IRS | IRSA INVESTMENTS & REPRESENTATIONS INC | Real Estate | $13.9M | 0.1% | 901K | +80% | |||
| 93 | $WSE | Wise Group plc | Industrials | $8.7M | 0.0% | 730K | New | |||
| 94 | $FUTU | Futu Holdings Ltd | Financials | $8.3M | 0.0% | 88K | New | |||
| 95 | $G | Genpact LTD | Technology | $4.8M | 0.0% | 175K | +0.7% | |||
| 96 | $MNSO | MINISO Group Holding Ltd | Consumer Discretionary | $3.1M | 0.0% | 254K | -56% | |||
| 97 | $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | Technology | $1.4M | 0.0% | 2,916 | -42% |
What changed in Q2 2026
Against the previous quarter's 13F: 11 new, 45 added to, 32 trimmed, 6 sold out. Share-count changes; largest moves by dollar size first.
New positions (11)
$BROBROWN & BROWN, INC.$344.6M
first bought this quarter
$RYANRYAN SPECIALTY HOLDINGS, INC.$238.2M
first bought this quarter
$NAMSNewAmsterdam Pharma Co N.V.$59.2M
first bought this quarter
$UNHUNITEDHEALTH GROUP INC$55.8M
first bought this quarter
$CLBTCellebrite DI Ltd.$24.9M
first bought this quarter
$GENIGenius Sports Ltd$22.8M
first bought this quarter
+5 more in the Excel export
Added to (45)
now $1.3B · held 10+ qtrs, 3 adds in a row
now $647.9M · held 5 qtrs
now $686.0M · held 10+ qtrs, 3 adds in a row
$PDDPDD Holdings Inc.+207%
now $408.4M · held 7 qtrs, 2 adds in a row
$AALAmerican Airlines Group Inc.+635%
now $291.6M · held 2 qtrs, 2 adds in a row
now $992.4M · held 10+ qtrs, 4 adds in a row
+39 more in the Excel export
Trimmed (32)
now $1.8B · held 10+ qtrs
$SWSmurfit Westrock plc-57%
now $272.1M · held 8 qtrs, 3 trims in a row
now $512.2M · held 3 qtrs
$WLKWESTLAKE CORP-61%
now $152.2M · held 4 qtrs
$SESea Ltd-72%
now $49.2M · held 8 qtrs, 3 trims in a row
$RRYDER SYSTEM INC-57%
now $81.1M · held 8 qtrs, 2 trims in a row
+26 more in the Excel export
Holdings by quarter
Every 13F Orbis Allan Gray Ltd has filed, 39 earlier quarters. Pick one to see what it held then.
Is it too late to follow Orbis Allan Gray Ltd?
Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Orbis Allan Gray Ltd's top 20 holdings: 65/100 (our AI quality score, weighted by position size; 14 of the 20 are scored)
Top 10 since filing
-12.8%
Value-weighted move of the 10 largest stock positions
Turnover
10%
Last quarter; 62% over the last 4
Top 10 weight
40%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
80%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Orbis Allan Gray Ltd disclosed 97 positions worth $29.1B in its Form 13F-HR for Q2 2026, led by $CPAY (CORPAY, INC.) at 6.2% of the equity portfolio, followed by $NBIS and $BKNG. During the quarter the fund opened 11 new positions and exited 6 — including a new stake in $BRO and a full exit from $AES. The portfolio is most concentrated in Technology (18.3% of disclosed assets). All figures are sourced directly from Orbis Allan Gray Ltd’s Form 13F-HR filing with the SEC under CIK 1663865.
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Every holding in Orbis Allan Gray Ltd's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.