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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
+9.98%
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
$23.9B
AUM Growth
+$566M
(+2.4%)
Cap. Flow
+$563M
Cap. Flow % of AUM
Cap. Flow %
2.36%
Top 10 Holdings %
Top 10 Hldgs %
37.77%
Holding
98
New
12
Increased
42
Reduced
32
Closed
9
Avg Time Held
2.4
years
Top 10 Avg Time Held
0.7
years
Top 20 Avg Time Held
1.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$761M |
| 2 |
Fortune Brands Innovations
FBIN
|
+$312M |
| 3 |
Motorola Solutions
MSI
|
+$252M |
| 4 |
Corpay
CPAY
|
+$250M |
| 5 |
Praxis Precision Medicines
PRAX
|
+$234M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nebius Group N.V.
NBIS
|
+$981M |
| 2 |
Pinduoduo
PDD
|
+$717M |
| 3 |
Nu Holdings
NU
|
+$376M |
| 4 |
Micron Technology
MU
|
+$363M |
| 5 |
Smurfit Westrock
SW
|
+$190M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 27.23% |
| 2 | Industrials | 16.77% |
| 3 | Communication Services | 11% |
| 4 | Materials | 10.65% |
| 5 | Technology | 9.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
76
Marcus Corp
MCS
$864M
| $29.7M | 0.12% |
1,915,765
+141,064
| +8% | +$2.1M |
2023 Q1
11 quarters
|
|
77
Hallador Energy
HNRG
$552M
| $28.4M | 0.12% |
1,490,148
-421,639
| -22% | -$8.54M |
2025 Q3
1 quarter
|
|
78
Generac Holdings
GNRC
$11.4B
| $27.6M | 0.12% |
202,218
-105,640
| -34% | -$17M |
2023 Q1
11 quarters
|
|
79
Antero Resources
AR
$11.9B
| $25.6M | 0.11% |
+744,108
| New | +$25.2M |
2025 Q4
0 quarters
|
|
80
HDFC Bank
HDB
$123B
| $25.6M | 0.11% |
700,833
-56,131
| -7% | -$2.02M |
2024 Q1
7 quarters
|
|
81
Antero Midstream
AM
$9.8B
| $25.1M | 0.11% |
+1,410,004
| New | +$25.4M |
2025 Q4
0 quarters
|
|
82
Microsoft
MSFT
$3.93T
| $21.8M | 0.09% |
45,105
-2,780
| -6% | -$1.39M |
2021 Q1
19 quarters
|
|
83
lululemon athletica
LULU
$11.2B
| $19.4M | 0.08% |
+93,221
| New | +$16.9M |
2025 Q4
0 quarters
|
|
84
Intel
INTC
$475B
| $18.3M | 0.08% |
495,099
-563
| -0.1% | -$21.3K |
2023 Q1
11 quarters
|
|
85
Cellebrite
CLBT
$2.77B
| $12.1M | 0.05% |
670,613
+154,114
| +30% | +$2.77M |
2025 Q3
1 quarter
|
|
86
Genpact
G
$6.23B
| $9.37M | 0.04% |
200,245
-14,287
| -7% | -$618K |
2024 Q3
5 quarters
|
|
87
The Magnum Ice Cream Company N.V.
MICC
$11.3B
| $7.09M | 0.03% |
+447,614
| New | +$7.02M |
2025 Q4
0 quarters
|
|
88
Caledonia Mining Corp
CMCL
$455M
| $5.54M | 0.02% |
211,822
-432,329
| -67% | -$12.7M |
2023 Q4
8 quarters
|
|
89
TSMC
TSM
$2.14T
| $1.53M | 0.01% |
5,044
-368
| -7% | -$108K |
2025 Q2
2 quarters
|
|
90
Boise Cascade
BCC
$2.66B
| – | – |
-105,673
| Closed | -$8.17M | – |
|
91
CarGurus
CARG
$2.7B
| – | – |
-765,791
| Closed | -$28.5M | – |
|
92
Celanese
CE
$5.21B
| – | – |
-1,304,050
| Closed | -$54.9M | – |
|
93
KBR
KBR
$4.59B
| – | – |
-162,873
| Closed | -$7.7M | – |
|
94
LyondellBasell Industries
LYB
$20.7B
| – | – |
-1,064,208
| Closed | -$52.2M | – |
|
95
Microchip Technology
MCHP
$40.1B
| – | – |
-371,911
| Closed | -$23.9M | – |
|
96
MasTec
MTZ
$15.3B
| – | – |
-226,799
| Closed | -$48.3M | – |
|
|
97
Micron Technology
MU
$994B
| – | – |
-2,166,539
| Closed | -$363M | – |
|
98
Navient
NAVI
$870M
| – | – |
-3,023,206
| Closed | -$39.8M | – |
|
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Orbis Allan Gray's Q4 2025 Portfolio in Review
As of Q4 2025, Orbis Allan Gray held 98 positions worth $23.9B, up 2.4% from $23.3B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Orbis Allan Gray's Q4 2025 filing shows 12 new, 42 increased, 32 reduced and 9 closed positions. Its largest new stake was Alphabet (Google) Class A: 2,663,789 shares worth $834M. The largest sale was Nebius Group N.V., an estimated $981M.
By sector, the portfolio is most concentrated in Healthcare at 27% of assets, up from 22% a quarter earlier, followed by Industrials and Communication Services.
- Orbis Allan Gray's largest Q4 2025 buy was Alphabet (Google) Class A: 2,663,789 shares worth $834M.
- Orbis Allan Gray added most to Fortune Brands Innovations in Q4 2025, an estimated $312M increase.
- Orbis Allan Gray's biggest Q4 2025 reduction was Nebius Group N.V., cutting an estimated $981M.
- Orbis Allan Gray fully exited Micron Technology in Q4 2025, selling an estimated $363M.
- Orbis Allan Gray's ten largest holdings make up 38% of its $23.9B portfolio in Q4 2025.
- Orbis Allan Gray opened 12 new positions and closed 9 in Q4 2025.
- Orbis Allan Gray's portfolio value rose 2.4% quarter-over-quarter to $23.9B.
Based on Orbis Allan Gray's 13F filing for Q4 2025, filed 17 Feb 2026.