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OAG
Orbis Allan Gray Portfolio holdings
AUM
$23.7B
1-Year Est. Return
65.43%
This Fund
S&P 500
This Quarter
Est. Return
-3.18%
1 Year Est. Return
+65.43%
3 Year Est. Return
+132.45%
5 Year Est. Return
+177.59%
10 Year Est. Return
+818.17%
AUM
$12.2B
AUM Growth
-$238M
(-1.9%)
Cap. Flow
+$428M
Cap. Flow
% of AUM
3.51%
Top 10 Holdings %
Top 10 Hldgs %
41.56%
Holding
79
New
5
Increased
40
Reduced
19
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Constellation Energy
CEG
|
+$172M |
| 2 |
Corpay
CPAY
|
+$147M |
| 3 |
B
Barrick Mining
B
|
+$147M |
| 4 |
GXO Logistics
GXO
|
+$132M |
| 5 |
Shell
SHEL
|
+$108M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Howmet Aerospace
HWM
|
+$115M |
| 2 |
UnitedHealth
UNH
|
+$95.2M |
| 3 |
MGM Resorts International
MGM
|
+$75.6M |
| 4 |
Dollar General
DG
|
+$75.6M |
| 5 |
Progressive
PGR
|
+$68.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 19.45% |
| 2 | Industrials | 18.12% |
| 3 | Technology | 15.35% |
| 4 | Materials | 8.45% |
| 5 | Communication Services | 8.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Corpay
CPAY
$25.6B
| $759M | 6.22% |
4,309,049
+685,003
| +19% | +$147M |
|
2
Global Payments
GPN
$24B
| $621M | 5.09% |
5,745,973
+80,168
| +1% | +$9.89M |
|
|
3
Shell
SHEL
$245B
| $558M | 4.58% |
11,223,840
+2,086,127
| +23% | +$108M |
|
|
4
GXO Logistics
GXO
$5.91B
| $491M | 4.03% |
14,017,188
+2,986,285
| +27% | +$132M |
|
|
5
Progressive
PGR
$129B
| $476M | 3.9% |
4,096,127
-565,558
| -12% | -$68.1M |
|
6
British American Tobacco
BTI
$136B
| $451M | 3.7% |
12,699,831
-975,182
| -7% | -$39.1M |
|
7
XPO
XPO
$23.4B
| $450M | 3.69% |
16,994,380
-147,207
| -0.9% | -$4.59M |
|
8
Kinder Morgan
KMI
$71B
| $422M | 3.46% |
25,371,098
+3,695,453
| +17% | +$65.7M |
|
9
SLB Ltd
SLB
$73.3B
| $421M | 3.45% |
11,735,132
-1,062,696
| -8% | -$38.5M |
|
|
10
Howmet Aerospace
HWM
$111B
| $418M | 3.43% |
13,523,251
-3,269,747
| -19% | -$115M |
|
11
TSMC
TSM
$1.94T
| $414M | 3.39% |
6,037,824
+494,052
| +9% | +$40.8M |
|
12
AES
AES
$10.6B
| $399M | 3.27% |
17,668,594
+81,490
| +0.5% | +$1.93M |
|
13
Alphabet (Google) Class C
GOOG
$4.07T
| $389M | 3.19% |
4,048,740
+582,460
| +17% | +$65M |
|
|
14
UnitedHealth
UNH
$387B
| $384M | 3.15% |
760,966
-181,070
| -19% | -$95.2M |
|
15
Teck Resources
TECK
$27.9B
| $362M | 2.97% |
11,915,666
+479,740
| +4% | +$14.8M |
|
16
Sunrun
RUN
$2.24B
| $337M | 2.76% |
12,215,062
-759,665
| -6% | -$23.6M |
|
17
Elevance Health
ELV
$82.8B
| $318M | 2.61% |
700,671
-70,703
| -9% | -$33.8M |
|
|
18
Dollar General
DG
$28.3B
| $308M | 2.52% |
1,282,874
-306,287
| -19% | -$75.6M |
|
|
EXE
19
Expand Energy Corp
EXE
$22.2B
| $294M | 2.41% |
3,122,113
-157,896
| -5% | -$14.8M |
|
|
20
Constellation Energy
CEG
$91.7B
| $290M | 2.38% |
3,490,862
+2,335,085
| +202% | +$172M |
|
21
Vale
VALE
$61.9B
| $276M | 2.26% |
20,713,813
+1,028,824
| +5% | +$13.5M |
|
22
NetEase
NTES
$82.8B
| $275M | 2.25% |
3,632,510
-36,101
| -1% | -$3.18M |
|
23
Motorola Solutions
MSI
$72.4B
| $268M | 2.2% |
1,198,245
+41,337
| +4% | +$9.76M |
|
24
Comcast
CMCSA
$87.7B
| $242M | 1.98% |
8,246,146
| – | – |
|
25
Interactive Brokers
IBKR
$38.5B
| $231M | 1.89% |
14,438,944
+302,328
| +2% | +$4.66M |
|
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Orbis Allan Gray's Q3 2022 Portfolio in Review
As of Q3 2022, Orbis Allan Gray held 79 positions worth $12.2B, down 1.9% from $12.4B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Orbis Allan Gray deployed $428M of net new capital in Q3 2022, opening 5 new positions and adding to 40 existing holdings. Its largest new stake was Portillo's: 3,038,770 shares worth $59.8M.
By sector, the portfolio is most concentrated in Energy at 19% of assets, up from 17% a quarter earlier, followed by Industrials and Technology.
On the sell side, the largest reduction was Howmet Aerospace, an estimated $115M trimmed.
- Orbis Allan Gray's largest Q3 2022 buy was Portillo's: 3,038,770 shares worth $59.8M.
- Orbis Allan Gray added most to Constellation Energy in Q3 2022, an estimated $172M increase.
- Orbis Allan Gray's biggest Q3 2022 reduction was Howmet Aerospace, cutting an estimated $115M.
- Orbis Allan Gray fully exited Alibaba in Q3 2022, selling an estimated $60.2M.
- Orbis Allan Gray's ten largest holdings make up 42% of its $12.2B portfolio in Q3 2022.
- Orbis Allan Gray opened 5 new positions and closed 6 in Q3 2022.
- Orbis Allan Gray's portfolio value fell 1.9% quarter-over-quarter to $12.2B.
Based on Orbis Allan Gray's 13F filing for Q3 2022, filed 14 Nov 2022.