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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
(+23%)
Cap. Flow
+$2.95B
Cap. Flow
% of AUM
10.14%
Top 10 Holdings %
Top 10 Hldgs %
39.87%
Holding
103
New
12
Increased
45
Reduced
32
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booking.com
BKNG
|
+$912M |
| 2 |
Insmed
INSM
|
+$509M |
| 3 |
Shell
SHEL
|
+$409M |
| 4 |
Pinduoduo
PDD
|
+$333M |
| 5 |
Brown & Brown
BRO
|
+$328M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NBIS
Nebius Group N.V.
NBIS
|
+$360M |
| 2 |
SW
Smurfit Westrock
SW
|
+$326M |
| 3 |
Westlake Corp
WLK
|
+$313M |
| 4 |
Praxis Precision Medicines
PRAX
|
+$298M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
76
Wheaton Precious Metals
WPM
$69.6B
| $45.5M | 0.16% |
405,444
-117,353
| -22% | -$15.3M |
|
77
Nike
NKE
$58.7B
| $41.7M | 0.14% |
1,015,893
+68,000
| +7% | +$2.99M |
|
78
National CineMedia
NCMI
$245M
| $35.4M | 0.12% |
9,313,977
+175,935
| +2% | +$599K |
|
79
Booz Allen Hamilton
BAH
$9.05B
| $34.6M | 0.12% |
569,678
+11,101
| +2% | +$847K |
|
80
CNX Resources
CNX
$5.36B
| $30.1M | 0.1% |
886,386
+543,081
| +158% | +$19.6M |
|
81
AngloGold Ashanti
AU
$57.2B
| $29.5M | 0.1% |
365,003
| – | – |
|
82
Hallador Energy
HNRG
$766M
| $29.5M | 0.1% |
1,695,845
-63,966
| -4% | -$1.1M |
|
|
QXO.PRB
83
QXO Inc 5.50% Series B Preferred Stock
QXO.PRB
$474M
| $27.8M | 0.1% |
+569,445
| New | +$29.9M |
|
84
Cellebrite
CLBT
$3.01B
| $24.9M | 0.09% |
+1,707,749
| New | +$22.6M |
|
85
Genius Sports
GENI
$2.15B
| $22.8M | 0.08% |
+3,767,572
| New | +$19.5M |
|
86
Marriott International
MAR
$91.5B
| $22.7M | 0.08% |
61,340
-87,373
| -59% | -$32.2M |
|
|
ECHO
87
EchoStar
ECHO
$25.2B
| $21.8M | 0.07% |
+214,394
| New | +$26.2M |
|
88
Portillo's
PTLO
$341M
| $19.8M | 0.07% |
4,171,276
-2,896,948
| -41% | -$14M |
|
|
LOMA
89
Loma Negra
LOMA
$1.13B
| $17.6M | 0.06% |
1,540,398
+489,153
| +47% | +$5.57M |
|
90
Howmet Aerospace
HWM
$106B
| $16.2M | 0.06% |
+60,402
| New | +$15.5M |
|
91
Berkshire Hathaway Class B
BRK.B
$1.08T
| $15.9M | 0.05% |
+31,869
| New | +$15.3M |
|
|
IRS
92
IRSA Inversiones y Representaciones
IRS
$1.24B
| $13.9M | 0.05% |
901,355
+400,780
| +80% | +$6.11M |
|
|
WSE
93
Wise Group
WSE
$12.8B
| $8.7M | 0.03% |
+730,105
| New | +$8.71M |
|
94
Futu Holdings
FUTU
$17.4B
| $8.28M | 0.03% |
+88,375
| New | +$11.3M |
|
95
Genpact
G
$6.39B
| $4.81M | 0.02% |
174,752
+1,171
| +0.7% | +$38.5K |
|
96
MINISO
MNSO
$3.08B
| $3.07M | 0.01% |
254,418
-322,170
| -56% | -$4.53M |
|
97
TSMC
TSM
$2.17T
| $1.39M | ﹤0.01% |
2,916
-2,128
| -42% | -$864K |
|
|
98
AES
AES
$10.5B
| – | – |
-12,247,581
| Closed | -$173M |
|
99
Baidu
BIDU
$32.9B
| – | – |
-190,705
| Closed | -$21.2M |
|
100
Fortune Brands Innovations
FBIN
$5.43B
| – | – |
-774,529
| Closed | -$30.2M |
|
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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.