Filed: 11/14/2025ACC: 0001663865-25-000002
📋 What this filing means
ORBIS ALLAN GRAY LTD filed this quarterly 13F‑HR report disclosing 86 equity positions with a total reported market value of $23.30B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
86
Positions
$23.30B
Total AUM (reported)
569.40M
Total Shares
Allocation by class
COM$7.62B32.7%
SPONSORED ADS$2.18B9.3%
COM NEW$1.97B8.5%
SHS$1.54B6.6%
SHS CLASS A$1.44B6.2%
COM SHS$1.43B6.2%
COMMON STOCK$1.21B5.2%
Portfolio Concentration
Top 3$4.27B18.3%
4–10$5.39B23.1%
11–25$7.21B30.9%
Rest$6.43B27.6%
Top 3 weight
18.3%
Top 10 weight
41.5%
Voting Authority Distribution
Total shares with voting rights: 569.40M
Sole
Full voting authority
569.40M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other86
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings86
Rows:
QXO INC
DFNDShares86.49M
TypeSH
Market value$1.65B
7.08%
Sole
86.49M
Shared
0.00
None
0.00
NEBIUS GROUP N.V.
DFNDShares12.80M
TypeSH
Market value$1.44B
6.17%
Sole
12.80M
Shared
0.00
None
0.00
CORPAY INC
DFNDShares4.13M
TypeSH
Market value$1.19B
5.10%
Sole
4.13M
Shared
0.00
None
0.00
PDD HOLDINGS INC
DFNDShares6.94M
TypeSH
Market value$917.57M
3.94%
Sole
6.94M
Shared
0.00
None
0.00
ALNYLAM PHARMACEUTICALS INC
DFNDShares1.95M
TypeSH
Market value$889.64M
3.82%
Sole
1.95M
Shared
0.00
None
0.00
SMURFIT WESTROCK PLC
DFNDShares18.95M
TypeSH
Market value$806.65M
3.46%
Sole
18.95M
Shared
0.00
None
0.00
ICON PLC
DFNDShares4.14M
TypeSH
Market value$724.29M
3.11%
Sole
4.14M
Shared
0.00
None
0.00
GXO LOGISTICS INCORPORATED
DFNDShares13.39M
TypeSH
Market value$708.08M
3.04%
Sole
13.39M
Shared
0.00
None
0.00
UNITEDHEALTH GROUP INC
DFNDShares1.98M
TypeSH
Market value$682.80M
2.93%
Sole
1.98M
Shared
0.00
None
0.00
INTERACTIVE BROKERS GROUP IN
DFNDShares9.54M
TypeSH
Market value$656.71M
2.82%
Sole
9.54M
Shared
0.00
None
0.00
NETEASE INC
DFNDShares4.16M
TypeSH
Market value$631.90M
2.71%
Sole
4.16M
Shared
0.00
None
0.00
ITAU UNIBANCO HLDG S A
DFNDShares83.33M
TypeSH
Market value$611.62M
2.63%
Sole
83.33M
Shared
0.00
None
0.00
SEA LTD
DFNDShares3.11M
TypeSH
Market value$555.09M
2.38%
Sole
3.11M
Shared
0.00
None
0.00
STERIS PLC
DFNDShares2.13M
TypeSH
Market value$526.88M
2.26%
Sole
2.13M
Shared
0.00
None
0.00
BRITISH AMERN TOB PLC
DFNDShares9.52M
TypeSH
Market value$505.38M
2.17%
Sole
9.52M
Shared
0.00
None
0.00
RXO INC
DFNDShares32.57M
TypeSH
Market value$500.98M
2.15%
Sole
32.57M
Shared
0.00
None
0.00
NEWMONT CORP
DFNDShares5.64M
TypeSH
Market value$475.33M
2.04%
Sole
5.64M
Shared
0.00
None
0.00
INSMED INC
DFNDShares3.25M
TypeSH
Market value$468.16M
2.01%
Sole
3.25M
Shared
0.00
None
0.00
BRUKER CORP
DFNDShares14.15M
TypeSH
Market value$459.59M
1.97%
Sole
14.15M
Shared
0.00
None
0.00
NU HLDGS LTD
DFNDShares27.30M
TypeSH
Market value$437.02M
1.88%
Sole
27.30M
Shared
0.00
None
0.00
ELEVANCE HEALTH INC FORMERLY
DFNDShares1.31M
TypeSH
Market value$422.68M
1.81%
Sole
1.31M
Shared
0.00
None
0.00
KINDER MORGAN INC DEL
DFNDShares14.88M
TypeSH
Market value$421.38M
1.81%
Sole
14.88M
Shared
0.00
None
0.00
DISNEY WALT CO
DFNDShares3.67M
TypeSH
Market value$420.37M
1.80%
Sole
3.67M
Shared
0.00
None
0.00
XPO INC
DFNDShares3.15M
TypeSH
Market value$407.64M
1.75%
Sole
3.15M
Shared
0.00
None
0.00
MICRON TECHNOLOGY INC
DFNDShares2.17M
TypeSH
Market value$362.51M
1.56%
Sole
2.17M
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
QXO INCDFND | COM NEW | 86.49M | SH | $1.65B 7.08% | 86.49M | 0.00 | 0.00 |
NEBIUS GROUP N.V.DFND | SHS CLASS A | 12.80M | SH | $1.44B 6.17% | 12.80M | 0.00 | 0.00 |
CORPAY INCDFND | COM SHS | 4.13M | SH | $1.19B 5.10% | 4.13M | 0.00 | 0.00 |
PDD HOLDINGS INCDFND | SPONSORED ADS | 6.94M | SH | $917.57M 3.94% | 6.94M | 0.00 | 0.00 |
ALNYLAM PHARMACEUTICALS INCDFND | COM | 1.95M | SH | $889.64M 3.82% | 1.95M | 0.00 | 0.00 |
SMURFIT WESTROCK PLCDFND | SHS | 18.95M | SH | $806.65M 3.46% | 18.95M | 0.00 | 0.00 |
ICON PLCDFND | SHS | 4.14M | SH | $724.29M 3.11% | 4.14M | 0.00 | 0.00 |
GXO LOGISTICS INCORPORATEDDFND | COMMON STOCK | 13.39M | SH | $708.08M 3.04% | 13.39M | 0.00 | 0.00 |
UNITEDHEALTH GROUP INCDFND | COM | 1.98M | SH | $682.80M 2.93% | 1.98M | 0.00 | 0.00 |
INTERACTIVE BROKERS GROUP INDFND | COM CL A | 9.54M | SH | $656.71M 2.82% | 9.54M | 0.00 | 0.00 |
NETEASE INCDFND | SPONSORED ADS | 4.16M | SH | $631.90M 2.71% | 4.16M | 0.00 | 0.00 |
ITAU UNIBANCO HLDG S ADFND | SPON ADR REP PFD | 83.33M | SH | $611.62M 2.63% | 83.33M | 0.00 | 0.00 |
SEA LTDDFND | SPONSORD ADS | 3.11M | SH | $555.09M 2.38% | 3.11M | 0.00 | 0.00 |
STERIS PLCDFND | SHS USD | 2.13M | SH | $526.88M 2.26% | 2.13M | 0.00 | 0.00 |
BRITISH AMERN TOB PLCDFND | SPONSORED ADR | 9.52M | SH | $505.38M 2.17% | 9.52M | 0.00 | 0.00 |
RXO INCDFND | COMMON STOCK | 32.57M | SH | $500.98M 2.15% | 32.57M | 0.00 | 0.00 |
NEWMONT CORPDFND | COM | 5.64M | SH | $475.33M 2.04% | 5.64M | 0.00 | 0.00 |
INSMED INCDFND | COM PAR $.01 | 3.25M | SH | $468.16M 2.01% | 3.25M | 0.00 | 0.00 |
BRUKER CORPDFND | COM | 14.15M | SH | $459.59M 1.97% | 14.15M | 0.00 | 0.00 |
NU HLDGS LTDDFND | ORD SHS CL A | 27.30M | SH | $437.02M 1.88% | 27.30M | 0.00 | 0.00 |
ELEVANCE HEALTH INC FORMERLYDFND | COM | 1.31M | SH | $422.68M 1.81% | 1.31M | 0.00 | 0.00 |
KINDER MORGAN INC DELDFND | COM | 14.88M | SH | $421.38M 1.81% | 14.88M | 0.00 | 0.00 |
DISNEY WALT CODFND | COM | 3.67M | SH | $420.37M 1.80% | 3.67M | 0.00 | 0.00 |
XPO INCDFND | COM | 3.15M | SH | $407.64M 1.75% | 3.15M | 0.00 | 0.00 |
MICRON TECHNOLOGY INCDFND | COM | 2.17M | SH | $362.51M 1.56% | 2.17M | 0.00 | 0.00 |
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