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OAG

Orbis Allan Gray Portfolio holdings

AUM $29.1B
1-Year Est. Return 60.8%
This Fund
S&P 500
This Quarter Est. Return
+18.54%
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
$29.1B
AUM Growth
+$5.39B
Cap. Flow
+$2.95B
Cap. Flow %
10.14%
Top 10 Hldgs %
39.87%
Holding
103
New
12
Increased
45
Reduced
32
Closed
6

Top Buys

Rank Stock Value
1
BKNG icon
Booking.com
BKNG
+$912M
2
INSM icon
Insmed
INSM
+$509M
3
SHEL icon
Shell
SHEL
+$409M
4
PDD icon
Pinduoduo
PDD
+$333M
5
BRO icon
Brown & Brown
BRO
+$328M

Top Sells

Rank Stock Value
1
NBIS
Nebius Group N.V.
NBIS
+$360M
2
SW
Smurfit Westrock
SW
+$326M
3
WLK icon
Westlake Corp
WLK
+$313M
4
PRAX icon
Praxis Precision Medicines
PRAX
+$298M
5
AES icon
AES
AES
+$173M

Sector Composition

Rank Sector Weight
1 Healthcare 16.81%
2 Industrials 15.64%
3 Communication Services 14.62%
4 Technology 12.51%
5 Energy 9.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EAT icon
51
Brinker International
EAT
$9.87B
$157M 0.54%
935,796
+8,284
+0.9% +$1.23M
DYN icon
52
Dyne Therapeutics
DYN
$4.68B
$156M 0.53%
7,006,542
+244,311
+4% +$4.54M
WLK icon
53
Westlake Corp
WLK
$9.68B
$152M 0.52%
2,084,364
-3,209,155
-61% -$313M
TRU icon
54
TransUnion
TRU
$16.4B
$146M 0.5%
2,021,682
+1,436,960
+246% +$101M
NU icon
55
Nu Holdings
NU
$69.1B
$133M 0.46%
9,988,142
+4,505,575
+82% +$60.7M
CRC icon
56
California Resources
CRC
$4.64B
$128M 0.44%
2,422,242
+244,677
+11% +$15.1M
EDU icon
57
New Oriental
EDU
$9.36B
$99.3M 0.34%
2,162,403
+991,452
+85% +$50.4M
CARG icon
58
CarGurus
CARG
$3.26B
$82.1M 0.28%
2,407,398
+74,139
+3% +$2.4M
R icon
59
Ryder
R
$9.43B
$81.1M 0.28%
307,335
-404,379
-57% -$98.8M
DAO
60
Youdao
DAO
$2.01B
$80.7M 0.28%
6,563,497
-175,227
-3% -$1.97M
ELV icon
61
Elevance Health
ELV
$85.5B
$70.8M 0.24%
183,191
– –
ON icon
62
ON Semiconductor
ON
$28.3B
$70.1M 0.24%
741,034
-210,412
-22% -$21.6M
MRVL icon
63
Marvell Technology
MRVL
$195B
$68.4M 0.24%
229,717
-401
-0.2% -$80.4K
BUR icon
64
Burford Capital
BUR
$957M
$60.2M 0.21%
14,673,240
+1,652,792
+13% +$7.55M
NAMS icon
65
NewAmsterdam Pharma
NAMS
$3.1B
$59.2M 0.2%
+1,747,627
New +$57.6M
BWXT icon
66
BWX Technologies
BWXT
$14B
$57.9M 0.2%
297,329
-1,044
-0.3% -$217K
UNH icon
67
UnitedHealth
UNH
$353B
$55.8M 0.19%
+134,216
New +$49.7M
AM icon
68
Antero Midstream
AM
$10.6B
$55.1M 0.19%
2,420,433
+158,002
+7% +$3.43M
MICC
69
The Magnum Ice Cream Company N.V.
MICC
$12.3B
$54.2M 0.19%
3,112,401
-1,142,459
-27% -$17.8M
GNRC icon
70
Generac Holdings
GNRC
$10.8B
$53.3M 0.18%
182,189
-27,442
-13% -$6.87M
EME icon
71
Emcor
EME
$32.6B
$52.1M 0.18%
62,764
+1,637
+3% +$1.38M
MCS icon
72
Marcus Corp
MCS
$895M
$51.4M 0.18%
2,189,129
+226,544
+12% +$4.46M
GFI icon
73
Gold Fields
GFI
$40.9B
$49.5M 0.17%
1,473,023
+29,025
+2% +$1.21M
SE icon
74
Sea Limited
SE
$73.1B
$49.2M 0.17%
513,300
-1,330,862
-72% -$117M
VIPS icon
75
Vipshop
VIPS
$6.42B
$47.7M 0.16%
3,594,710
-1,622,455
-31% -$23.2M
1 2
3
4 5

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TCIIS
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Vanguard Advisers Inc
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GMC
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FAM
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Orbis Allan Gray's Q2 2026 Portfolio in Review

As of Q2 2026, Orbis Allan Gray held 103 positions worth $29.1B, up 23% from $23.7B the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Orbis Allan Gray deployed $2.95B of net new capital in Q2 2026, opening 12 new positions and adding to 45 existing holdings. Its largest new stake was Brown & Brown: 5,371,080 shares worth $345M.

By sector, the portfolio is most concentrated in Healthcare at 17% of assets, up from 16% a quarter earlier, followed by Industrials and Communication Services.

On the sell side, the largest reduction was Nebius Group N.V., an estimated $360M trimmed.

  • Orbis Allan Gray's largest Q2 2026 buy was Brown & Brown: 5,371,080 shares worth $345M.
  • Orbis Allan Gray added most to Booking.com in Q2 2026, an estimated $912M increase.
  • Orbis Allan Gray's biggest Q2 2026 reduction was Nebius Group N.V., cutting an estimated $360M.
  • Orbis Allan Gray fully exited AES in Q2 2026, selling an estimated $173M.
  • Orbis Allan Gray's ten largest holdings make up 40% of its $29.1B portfolio in Q2 2026.
  • Orbis Allan Gray opened 12 new positions and closed 6 in Q2 2026.
  • Orbis Allan Gray's portfolio value rose 23% quarter-over-quarter to $29.1B.

Based on Orbis Allan Gray's 13F filing for Q2 2026, filed 14 Aug 2026.