Latest Orbis Allan Gray Ltd Stock Portfolio

Orbis Allan Gray Ltd Performance:

2025 Q4: -1.04%YTD: 19.22%2024: 9.8%

Performance for 2025 Q4 is -1.04%, and YTD is 19.22%, and 2024 is 9.8%.

About Orbis Allan Gray Ltd and 13F Hedge Fund Stock Holdings

On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, Orbis Allan Gray Ltd reported an equity portfolio of $23.9 Billions as of 31 Dec, 2025.

The top stock holdings of Orbis Allan Gray Ltd are SSNT, , UNH. The fund has invested 6.9% of it's portfolio in QXO INC and 6.3% of portfolio in CORPAY INC.

The fund managers got completely rid off MICRON TECHNOLOGY INC (MU), CELANESE CORP DEL (CE) and LYONDELLBASELL INDUSTRIES N (LYB) stocks. They significantly reduced their stock positions in NU HLDGS LTD (NU), PDD HOLDINGS INC (PDD) and BAIDU INC (BIDU). Orbis Allan Gray Ltd opened new stock positions in ALPHABET INC (GOOG), PRAXIS PRECISION MEDICINES I (PRAX) and EQT CORP (EQT). The fund showed a lot of confidence in some stocks as they added substantially to SCHOLAR ROCK HLDG CORP (SRRK), FORTUNE BRANDS INNOVATIONS I (FBHS) and OLIN CORP (OLN).

Orbis Allan Gray Ltd Annual Return Estimates Vs S&P 500

Our best estimate is that Orbis Allan Gray Ltd made a return of -1.04% in the last quarter. In trailing 12 months, it's portfolio return was 19.22%.

Performance
S&P 500

New Buys

Ticker	$ Bought
alphabet inc	833,766,000
praxis precision medicines i	369,946,000
eqt corp	186,480,000
renaissancere hldgs ltd	178,519,000
bbb foods inc	109,810,000
dyne therapeutics inc	93,925,700
marvell technology inc	76,877,900
silgan hldgs inc	35,877,600

New stocks bought by Orbis Allan Gray Ltd

Additions

Ticker	% Inc.
scholar rock hldg corp	1,034
fortune brands innovations i	586
olin corp	448
booz allen hamilton hldg cor	179
ryder sys inc	107
nike inc	98.44
iqvia hldgs inc	96.49
motorola solutions inc	95.59

Additions to existing portfolio by Orbis Allan Gray Ltd

Reductions

Ticker	% Reduced
nu hldgs ltd	-85.63
pdd holdings inc	-83.17
baidu inc	-75.6
nebius group n.v.	-73.94
caledonia mng corp plc	-67.12
generac hldgs inc	-34.31
spdr gold tr	-33.63
kinder morgan inc del	-29.12

Orbis Allan Gray Ltd reduced stake in above stock

Sold off

Ticker	$ Sold
navient corporation	-39,755,200
micron technology inc	-362,505,000
celanese corp del	-54,874,400
lyondellbasell industries n	-52,188,800
cargurus inc	-28,510,400
microchip technology inc.	-23,884,100
mastec inc	-48,265,100
kbr inc	-7,702,260

Orbis Allan Gray Ltd got rid off the above stocks

Sector Distribution

Orbis Allan Gray Ltd has about 36.3% of it's holdings in Others sector.

Sector	%
Others	36.3
Healthcare	22.7
Technology	10.4
Communication Services	7.9
Industrials	6.7
Basic Materials	4.4
Energy	3.6
Financial Services	3.3
Consumer Cyclical	1.7
	1.6
Utilities	1.3

Market Cap. Distribution

Orbis Allan Gray Ltd has about 44.4% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	37
UNALLOCATED	36.3
MID-CAP	16.1
MEGA-CAP	7.4
NANO-CAP	1.9
SMALL-CAP	1.4

Stocks belong to which Index?

About 31.6% of the stocks held by Orbis Allan Gray Ltd either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	68.3
S&P 500	23.3
RUSSELL 2000	8.3

Top 5 Winners (%)		%
BRKR	bruker corp	43.4 %
	barrick mng corp	32.5 %
CX	cemex sab de cv	27.2 %
	anglogold ashanti plc	21.3 %
MAR	marriott intl inc new	19.1 %

Top 5 Winners ($)		$
BRKR	bruker corp	212.4 M
INSM	insmed inc	111.6 M
NEM	newmont corp	92.9 M
CX	cemex sab de cv	88.8 M
	barrick mng corp	71.4 M

Top 5 Losers (%)		%
PTLO	portillos inc	-29.4 %
SE	sea ltd	-26.8 %
BUR	burford cap ltd	-23.1 %
CMCL	caledonia mng corp plc	-18.4 %
CRSP	crispr therapeutics ag	-17.8 %

Top 5 Losers ($)		$
YNDX	nebius group n.v.	-230.4 M
SE	sea ltd	-148.9 M
ALNY	alnylam pharmaceuticals inc	-104.1 M
	rxo inc	-92.1 M
PDD	pdd holdings inc	-76.2 M

Orbis Allan Gray Ltd Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Orbis Allan Gray Ltd

Orbis Allan Gray Ltd has 88 stocks in it's portfolio. About 37.8% of the portfolio is in top 10 stocks. YNDX proved to be the most loss making stock for the portfolio. BRKR was the most profitable stock for Orbis Allan Gray Ltd last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AES	aes corp	1.28	21,317,300	305,691,000	reduced	-17.8

ALNY	alnylam pharmaceuticals inc	2.70	1,618,220	643,485,000	reduced	-17.06

AM	antero midstream corp	0.10	1,410,000	25,084,000	new

ANTX	elevance health inc formerly	1.83	1,244,950	436,416,000	reduced	-4.83

AR	antero resources corp	0.11	744,108	25,642,000	new

BAH	booz allen hamilton hldg cor	0.20	567,544	47,878,000	added	179

BCC	boise cascade co del	0.00	0.00	0.00	sold off	-100

BIDU	baidu inc	0.14	254,741	33,284,500	reduced	-75.6

BKNG	booking holdings inc	0.69	30,748	164,666,000	added	8.85

BRKR	bruker corp	2.94	14,906,700	702,256,000	added	5.38

BTI	british amern tob plc	2.21	9,300,900	526,617,000	reduced	-2.31

BTU	peabody energy corp	0.55	4,397,530	130,607,000	reduced	-11.34

BUR	burford cap ltd	0.45	12,051,500	107,500,000	added	31.11

BWXT	bwx technologies inc	0.22	309,516	53,496,700	reduced	-6.84

CARG	cargurus inc	0.00	0.00	0.00	sold off	-100

CE	celanese corp del	0.00	0.00	0.00	sold off	-100

CLBT	cellebrite di ltd	0.05	670,613	12,091,200	added	29.84

CMCL	caledonia mng corp plc	0.02	211,822	5,543,380	reduced	-67.12

CNK	cinemark hldgs inc	1.47	15,057,900	349,946,000	added	31.01

CRC	california res corp	0.36	1,926,770	86,145,800	added	38.56