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Orbis Allan Gray

Orbis Allan Gray Portfolio holdings

AUM $29.1B Turnover 17.48%
1-Year Est. Return 60.8%
This Fund
S&P 500
This Quarter Est. Return
+17.75%
1 Year Est. Return
+60.8%
3 Year Est. Return
+154.65%
5 Year Est. Return
+203.47%
10 Year Est. Return
+909.03%
AUM
$23.3B
AUM Growth
+$2.73B
Cap. Flow
+$554M
Cap. Flow %
2.38%
Top 10 Hldgs %
41.46%
Holding
95
New
17
Increased
39
Reduced
25
Closed
9
Avg Time Held
2.3 years
Top 10 Avg Time Held
0.7 years
Top 20 Avg Time Held
1.3 years

Top Buys

Rank Stock Value
1
ICLR icon
Icon
ICLR
+$636M
2
SE icon
Sea Limited
SE
+$358M
3
BRKR icon
Bruker
BRKR
+$337M
4
WLK icon
Westlake Corp
WLK
+$326M
5
UNH icon
UnitedHealth
UNH
+$269M

Top Sells

Rank Stock Value
1
ELV icon
Elevance Health
ELV
+$481M
2
SHEL icon
Shell
SHEL
+$426M
3
NBIS icon
Nebius Group N.V.
NBIS
+$337M
4
MCHP icon
Microchip Technology
MCHP
+$289M
5
BTI icon
British American Tobacco
BTI
+$270M

Sector Composition

Rank Sector Weight
1 Healthcare 21.6%
2 Industrials 15.61%
3 Communication Services 13.74%
4 Consumer Discretionary 12.05%
5 Materials 9.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
AES icon
26
AES
AES
$10.7B
$341M 1.46%
25,933,967
-1,684,285
-6% -$21.9M
2020 Q3
20 quarters
GMAB icon
27
Genmab
GMAB
$23.3B
$340M 1.46%
11,078,006
+3,157,606
+40% +$76.9M
2024 Q3
4 quarters
CRSP icon
28
CRISPR Therapeutics
CRSP
$4.98B
$323M 1.39%
4,982,085
+2,217,553
+80% +$127M
2024 Q4
3 quarters
CNK icon
29
Cinemark Holdings
CNK
$4.46B
$322M 1.38%
11,494,101
+1,395,927
+14% +$38.6M
2021 Q3
16 quarters
FNV icon
30
Franco-Nevada
FNV
$46.5B
$316M 1.36%
1,418,367
+6,270
+0.4% +$1.13M
2024 Q1
6 quarters
CX icon
31
Cemex
CX
$14.5B
$314M 1.35%
34,907,514
+8,606,995
+33% +$73.5M
2024 Q4
3 quarters
WLK icon
32
Westlake Corp
WLK
$8.13B
$302M 1.29%
+3,914,411
New +$326M
2025 Q3
0 quarters
MSI icon
33
Motorola Solutions
MSI
$75.5B
$300M 1.29%
655,999
+480,436
+274% +$217M
2020 Q2
21 quarters
GLD icon
34
SPDR Gold Trust
GLD
$142B
$281M 1.2%
789,217
-20,988
-3% -$6.69M
2016 Q1
38 quarters
FSV icon
35
FirstService
FSV
$5.9B
$277M 1.19%
1,454,188
+30,318
+2% +$5.87M
2023 Q3
8 quarters
B icon
36
Barrick Mining
B
$66.7B
$215M 0.92%
6,560,227
+257,593
+4% +$6.53M
2016 Q1
38 quarters
VIPS icon
37
Vipshop
VIPS
$6.26B
$188M 0.81%
9,587,623
+4,712,986
+97% +$78.2M
2022 Q1
14 quarters
IQV icon
38
IQVIA
IQV
$44.6B
$184M 0.79%
967,537
+915,342
+1,754% +$166M
2025 Q2
1 quarter
IMAX icon
39
IMAX
IMAX
$2.83B
$172M 0.74%
5,241,883
+128,850
+3% +$3.65M
2024 Q2
5 quarters
BKNG icon
40
Booking.com
BKNG
$125B
$153M 0.65%
706,225
-56,775
-7% -$12.7M
2023 Q2
9 quarters
DEO icon
41
Diageo
DEO
$52.3B
$148M 0.63%
1,546,130
+388,139
+34% +$40.7M
2025 Q1
2 quarters
VALE icon
42
Vale
VALE
$55.4B
$147M 0.63%
13,573,795
-6,091,594
-31% -$62.2M
2024 Q4
3 quarters
BIDU icon
43
Baidu
BIDU
$28.1B
$138M 0.59%
+1,044,173
New +$103M
2025 Q3
0 quarters
BTU icon
44
Peabody Energy
BTU
$2.93B
$132M 0.56%
+4,960,043
New +$88.4M
2025 Q3
0 quarters
WPM icon
45
Wheaton Precious Metals
WPM
$60.5B
$115M 0.49%
1,023,924
– –
2019 Q3
24 quarters
GFI icon
46
Gold Fields
GFI
$33B
$112M 0.48%
2,669,748
– –
2022 Q1
14 quarters
BUR icon
47
Burford Capital
BUR
$722M
$110M 0.47%
9,191,822
+1,459,702
+19% +$19.5M
2020 Q4
19 quarters
SHEL icon
48
Shell
SHEL
$295B
$102M 0.44%
1,420,211
-5,913,452
-81% -$426M
2022 Q1
14 quarters
SYNA icon
49
Synaptics
SYNA
$4.67B
$95.6M 0.41%
1,398,302
-435,221
-24% -$29.6M
2023 Q3
8 quarters
R icon
50
Ryder
R
$9.21B
$88.7M 0.38%
470,216
-535,166
-53% -$96.5M
2024 Q3
4 quarters
1
2
3 4

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Orbis Allan Gray's Q3 2025 Portfolio in Review

As of Q3 2025, Orbis Allan Gray held 95 positions worth $23.3B, up 13% from $20.6B the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Orbis Allan Gray's Q3 2025 filing shows 17 new, 39 increased, 25 reduced and 9 closed positions. Its largest new stake was Westlake Corp: 3,914,411 shares worth $302M. The largest sale was Elevance Health, an estimated $481M.

By sector, the portfolio is most concentrated in Healthcare at 22% of assets, up from 16% a quarter earlier, followed by Industrials and Communication Services.

  • Orbis Allan Gray's largest Q3 2025 buy was Westlake Corp: 3,914,411 shares worth $302M.
  • Orbis Allan Gray added most to Icon in Q3 2025, an estimated $636M increase.
  • Orbis Allan Gray's biggest Q3 2025 reduction was Elevance Health, cutting an estimated $481M.
  • Orbis Allan Gray fully exited Banco Bradesco in Q3 2025, selling an estimated $250M.
  • Orbis Allan Gray's ten largest holdings make up 41% of its $23.3B portfolio in Q3 2025.
  • Orbis Allan Gray opened 17 new positions and closed 9 in Q3 2025.
  • Orbis Allan Gray's portfolio value rose 13% quarter-over-quarter to $23.3B.

Based on Orbis Allan Gray's 13F filing for Q3 2025, filed 14 Nov 2025.