Orbis Allan Gray Ltd
Long book
$23.71B
Q1 2026
Positions
91
Top-10 weight
38%
concentration
Last quarter
+10.4%
SPY +14.8%
Turnover
18%
of book per quarter
Strategy in plain words
auto-generated from filingsOrbis Allan Gray Ltd is a diversified fundamental manager, running a $23.71B US long book across 91 positions.
The portfolio is moderately concentrated (top 10 ≈ 38% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: CORPAY INC, QXO INC, NEBIUS GROUP NV, MOTOROLA SOLUTIONS INC, PRAXIS PRECISION MEDICINES I.
Over the last 9 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.8%
Q2 2024
+8.0%
Q3 2024
-3.7%
Q4 2024
-2.4%
Q1 2025
+13.5%
Q2 2025
+11.1%
Q3 2025
-0.5%
Q4 2025
-1.4%
Q1 2026
+10.4%
Sector allocation
Healthcare 17%
Technology 16%
Services media 15%
Industrials 12%
Consumer discretionary 9%
Other 7%
Energy 7%
Materials 6%
Long book by quarter
What does Orbis Allan own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CPAY CORPAY INC | Services media | 5.3M | $1.56B | 6.6% | +7.2% |
| QXO QXO INC | Consumer discretionary | 74.0M | $1.44B | 6.1% | -13.5% |
| NBIS NEBIUS GROUP NV | Technology | 8.3M | $862.7M | 3.6% | +149.3% |
| MSI MOTOROLA SOLUTIONS INC | Technology | 1.9M | $811.5M | 3.4% | +45.7% |
| PRAX PRAXIS PRECISION MEDICINES I | Healthcare | 2.5M | $796.6M | 3.4% | +97.0% |
| EQT EQT CORP | Energy | 12.1M | $770.9M | 3.3% | +248.2% |
| GOOGL ALPHABET INC-CL A | Technology | 2.5M | $722.7M | 3.0% | -5.7% |
| GXO GXO LOGISTICS INC | Industrials | 13.4M | $696.1M | 2.9% | Held |
| XPO XPO INC | Industrials | 3.4M | $663.2M | 2.8% | -6.7% |
| BRKR BRUKER CORP | Healthcare | 17.9M | $648.0M | 2.7% | +20.3% |
| WLK WESTLAKE CORP | Other | 5.3M | $618.4M | 2.6% | +20.7% |
| STE STERIS PLC | Healthcare | 2.6M | $573.4M | 2.4% | +15.3% |
| NEM NEWMONT CORP | Materials | 5.2M | $559.7M | 2.4% | -18.2% |
| FSV FIRSTSERVICE CORP | Real estate | 4.0M | $551.3M | 2.3% | +99.9% |
| SW SMURFIT WESTROCK PLC | Other | 13.8M | $548.9M | 2.3% | -1.3% |
| RXO RXO INC | Industrials | 36.4M | $532.1M | 2.2% | +5.0% |
| ALNY ALNYLAM PHARMACEUTICALS INC | Healthcare | 1.3M | $441.7M | 1.9% | -17.5% |
| CNK CINEMARK HOLDINGS INC | Services media | 15.1M | $429.5M | 1.8% | Held |
| IBKR INTERACTIVE BROKERS GRO-CL A | Financials | 6.1M | $410.3M | 1.7% | -34.0% |
| KMI KINDER MORGAN INC | Utilities | 11.3M | $379.2M | 1.6% | +7.2% |
| NVDA NVIDIA CORP | Technology | 2.1M | $364.5M | 1.5% | New |
| DIS WALT DISNEY CO/THE | Services media | 3.7M | $360.0M | 1.5% | +4.8% |
| BKNG BOOKING HOLDINGS INC | Industrials | 73.8K | $310.6M | 1.3% | +139.9% |
| INSM INSMED INC | Healthcare | 1.9M | $306.2M | 1.3% | -55.2% |
| CRSP CRISPR THERAPEUTICS AG | Healthcare | 6.1M | $290.5M | 1.2% | +2.6% |
| FNV FRANCO-NEVADA CORP | Materials | 1.1M | $266.7M | 1.1% | -23.4% |
| B BARRICK MINING CORP | Materials | 6.0M | $245.6M | 1.0% | -9.9% |
| AR ANTERO RESOURCES CORP | Energy | 4.9M | $206.8M | 0.9% | +554.7% |
| SRRK SCHOLAR ROCK HOLDING CORP | Healthcare | 4.2M | $205.5M | 0.9% | +21.9% |
| TBBB BBB FOODS INC-CLASS A | Consumer discretionary | 5.6M | $199.7M | 0.8% | +71.7% |
| IMAX IMAX CORP | Other | 5.2M | $195.8M | 0.8% | Held |
| RNR RENAISSANCERE HOLDINGS LTD | Financials | 648.5K | $192.7M | 0.8% | +2.1% |
| RHI ROBERT HALF INC | Services media | 7.5M | $191.7M | 0.8% | New |
| AES AES CORP | Utilities | 12.2M | $172.6M | 0.7% | -42.5% |
| CRC CALIFORNIA RESOURCES CORP | Energy | 2.2M | $150.7M | 0.6% | +13.0% |
| R RYDER SYSTEM INC | Services media | 711.7K | $145.7M | 0.6% | -27.0% |
| EAT BRINKER INTERNATIONAL INC | Consumer discretionary | 927.5K | $132.4M | 0.6% | New |
| DYN DYNE THERAPEUTICS INC | Healthcare | 6.8M | $122.6M | 0.5% | +40.8% |
| RRC RANGE RESOURCES CORP | Energy | 2.7M | $122.3M | 0.5% | New |
| SYNA SYNAPTICS INC | Technology | 1.7M | $116.2M | 0.5% | +8.0% |
| ENB ENBRIDGE INC | Energy | 1.7M | $90.5M | 0.4% | +16.1% |
| CARG CARGURUS INC | Technology | 2.3M | $79.4M | 0.3% | New |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 5.5M | $78.8M | 0.3% | +39.7% |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 522.8K | $68.5M | 0.3% | -48.9% |
| MICC MAGNUM ICE CREAM CO NV/THE | Consumer staples | 4.3M | $63.6M | 0.3% | +850.6% |
| BWXT BWX TECHNOLOGIES INC | Industrials | 298.4K | $61.0M | 0.3% | -3.6% |
| ON ON SEMICONDUCTOR | Technology | 951.4K | $58.9M | 0.2% | +12.5% |
| BUR BURFORD CAPITAL LTD | Financials | 13.0M | $58.9M | 0.2% | +8.0% |
| ELV ELEVANCE HEALTH INC | Financials | 183.2K | $53.6M | 0.2% | -85.3% |
| AM ANTERO MIDSTREAM CORP | Utilities | 2.3M | $51.6M | 0.2% | +60.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 154 | $23.71B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 152 | $23.87B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 139 | $23.30B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 127 | $20.57B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 112 | $17.48B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 136 | $18.59B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 132 | $18.89B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 125 | $16.05B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 122 | $16.69B | canonical | SEC ↗ |
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