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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
(+13%)
Cap. Flow
+$554M
Cap. Flow
% of AUM
2.38%
Top 10 Holdings %
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 |
Icon
ICLR
|
+$636M |
| 2 |
Sea Limited
SE
|
+$358M |
| 3 |
Bruker
BRKR
|
+$337M |
| 4 |
Westlake Corp
WLK
|
+$326M |
| 5 |
UnitedHealth
UNH
|
+$269M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Elevance Health
ELV
|
+$481M |
| 2 |
Shell
SHEL
|
+$426M |
| 3 |
Nebius Group N.V.
NBIS
|
+$337M |
| 4 |
Microchip Technology
MCHP
|
+$289M |
| 5 |
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 | |
|---|---|---|---|---|---|---|---|
76
Caledonia Mining Corp
CMCL
$455M
| $23.3M | 0.1% |
644,151
-138,350
| -18% | -$3.52M |
2023 Q4
7 quarters
|
|
77
ON Semiconductor
ON
$28B
| $22.8M | 0.1% |
+463,107
| New | +$24.4M |
2025 Q3
0 quarters
|
|
78
Booz Allen Hamilton
BAH
$8.93B
| $20.3M | 0.09% |
+202,826
| New | +$21.7M |
2025 Q3
0 quarters
|
|
79
Olin
OLN
$1.78B
| $17.3M | 0.07% |
+693,168
| New | +$15.4M |
2025 Q3
0 quarters
|
|
80
Intel
INTC
$475B
| $16.6M | 0.07% |
495,662
-147,697
| -23% | -$3.58M |
2023 Q1
10 quarters
|
|
81
Scholar Rock
SRRK
$4.86B
| $11.3M | 0.05% |
+302,252
| New | +$10.6M |
2025 Q3
0 quarters
|
|
82
Cellebrite
CLBT
$2.77B
| $9.57M | 0.04% |
+516,499
| New | +$8.11M |
2025 Q3
0 quarters
|
|
83
Genpact
G
$6.23B
| $8.99M | 0.04% |
214,532
-145,168
| -40% | -$6.38M |
2024 Q3
4 quarters
|
|
84
Boise Cascade
BCC
$2.66B
| $8.17M | 0.04% |
+105,673
| New | +$9.05M |
2025 Q3
0 quarters
|
|
85
KBR
KBR
$4.59B
| $7.7M | 0.03% |
+162,873
| New | +$7.9M |
2025 Q3
0 quarters
|
|
86
TSMC
TSM
$2.14T
| $1.51M | 0.01% |
5,412
| – | – |
2025 Q2
1 quarter
|
|
87
Atkore
ATKR
$3.21B
| – | – |
-364,011
| Closed | -$25.7M | – |
|
88
Banco Bradesco
BBD
$44.3B
| – | – |
-81,034,974
| Closed | -$250M | – |
|
89
Futu Holdings
FUTU
$14.8B
| – | – |
-88,899
| Closed | -$11M | – |
|
90
Morgan Stanley
MS
$284B
| – | – |
-115,346
| Closed | -$16.2M | – |
|
91
Noble Corp
NE
$7.04B
| – | – |
-741,409
| Closed | -$19.7M | – |
|
92
PagSeguro Digital
PAGS
$3.03B
| – | – |
-2,085,730
| Closed | -$20.1M | – |
|
93
RenaissanceRe
RNR
$14.6B
| – | – |
-991,483
| Closed | -$241M | – |
|
94
Texas Instruments
TXN
$252B
| – | – |
-809,986
| Closed | -$168M | – |
|
95
XP
XP
$14.8B
| – | – |
-8,001,932
| Closed | -$162M | – |
|
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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.