AI Portfolio Summary
In 2025 Q4, Orbis Allan Gray Ltd maintained a portfolio of 98 distinct positions. The most significant new addition to the portfolio was ALPHABET INC, which now represents 3.49% of the total fund value. They heavily accumulated shares in CORPAY INC, increasing their position by 20.8%. The fund also reduced its exposure to PDD HOLDINGS INC by 83.2%.
Total Positions
98
Quarter
2025 Q4
Top Holding
QXO (6.9%)
Top 10 Concentration
37.8%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 98
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
QXO
QXO INC
|
Industrials | 6.91% | 7.08% |
#1
Prev: #1
|
5.3 | -1,008,512 | -1.2% |
P
S
|
85,484,474 | $1,648,995,504 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CPAY
CORPAY INC
|
Technology | 6.29% | 5.10% |
#2
1
Prev: #3
|
6.5 | 859,854 | 20.8% |
P
S
|
4,987,968 | $1,501,029,210 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
UNH
UNITEDHEALTH GR...
|
Healthcare | 3.57% | 2.93% |
#3
6
Prev: #9
|
4.9 | 603,778 | 30.5% |
P
S
|
2,581,182 | $852,073,990 | 2017 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GOOGL
ALPHABET INC
|
Communication Services | 3.49% | — |
#4
Prev: #—
|
5.4 | 2,663,789 | no change |
NEW
|
2,663,789 | $833,765,957 | 2016 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ICLR
ICON PLC
|
Healthcare | 3.22% | 3.11% |
#5
2
Prev: #7
|
2.3 | 75,843 | 1.8% |
P
S
|
4,214,661 | $767,995,527 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
INSM
INSMED INC
|
Healthcare | 3.05% | 2.01% |
#6
12
Prev: #18
|
3.7 | 929,089 | 28.6% |
P
S
|
4,179,957 | $727,479,716 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GXO
GXO LOGISTICS I...
|
Industrials | 2.96% | 3.04% |
#7
1
Prev: #8
|
1.7 | 37,035 | 0.3% |
P
S
|
13,424,844 | $706,683,788 | 2021 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BRKR
BRUKER CORP
|
Healthcare | 2.94% | 1.97% |
#8
11
Prev: #19
|
3.2 | 761,258 | 5.4% |
P
S
|
14,906,730 | $702,256,050 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ALNY
ALNYLAM PHARMAC...
|
Healthcare | 2.70% | 3.82% |
#9
4
Prev: #5
|
1.6 | -332,743 | -17.1% |
P
S
|
1,618,219 | $643,484,786 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NEM
NEWMONT CORP
|
Basic Materials | 2.65% | 2.04% |
#10
7
Prev: #17
|
3.1 | 684,897 | 12.1% |
P
S
|
6,322,769 | $631,328,485 | 2016 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IBKR
INTERACTIVE BRO...
|
Financial Services | 2.50% | 2.82% |
#11
1
Prev: #10
|
1.5 | -270,137 | -2.8% |
P
S
|
9,273,735 | $596,393,898 | 2021 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ITUB
ITAU UNIBANCO H...
|
Preferred | 2.45% | 2.63% |
#12
Prev: #12
|
1.5 | -1,644,562 | -2.0% |
P
S
|
81,682,615 | $584,847,523 | 2016 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
STE
STERIS PLC
|
Healthcare | 2.39% | 2.26% |
#13
1
Prev: #14
|
3.0 | 120,200 | 5.6% |
P
S
|
2,249,511 | $570,296,029 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SW
SMURFIT WESTROC...
|
Consumer Cyclical | 2.26% | 3.46% |
#14
8
Prev: #6
|
0.9 | -4,991,959 | -26.3% |
P
S
|
13,956,868 | $539,712,086 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BTI
BRITISH AMERN T...
|
Consumer Defensive | 2.21% | 2.17% |
#15
Prev: #15
|
1.4 | -220,229 | -2.3% |
P
S
|
9,300,901 | $526,617,014 | 2016 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
XPO
XPO INC
|
Industrials | 2.08% | 1.75% |
#16
8
Prev: #24
|
2.8 | 499,220 | 15.8% |
P
S
|
3,652,589 | $496,423,371 | 2016 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MSI
MOTOROLA SOLUTI...
|
Technology | 2.06% | 1.29% |
#17
16
Prev: #33
|
3.8 | 627,066 | 95.6% |
P
S
|
1,283,065 | $491,824,476 | 2016 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NTES
NETEASE INC
|
Communication Services | 1.95% | 2.71% |
#18
7
Prev: #11
|
1.3 | -768,031 | -18.5% |
P
S
|
3,389,449 | $466,455,971 | 2016 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GMAB
GENMAB A/S
|
Healthcare | 1.86% | 1.46% |
#19
8
Prev: #27
|
3.2 | 3,340,456 | 30.2% |
P
S
|
14,418,462 | $444,088,629 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RXO
RXO INC
|
Industrials | 1.84% | 2.15% |
#20
4
Prev: #16
|
2.7 | 2,104,597 | 6.5% |
P
S
|
34,677,755 | $438,326,823 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ELV
ELEVANCE HEALTH...
|
Healthcare | 1.83% | 1.81% |
#21
Prev: #21
|
1.2 | -63,172 | -4.8% |
P
S
|
1,244,946 | $436,415,820 | 2016 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IQV
IQVIA HLDGS INC
|
Healthcare | 1.80% | 0.79% |
#22
16
Prev: #38
|
3.7 | 933,554 | 96.5% |
P
S
|
1,901,091 | $428,524,922 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CX
CEMEX SAB DE CV
|
Basic Materials | 1.74% | 1.35% |
#23
8
Prev: #31
|
1.2 | 1,225,219 | 3.5% |
P
S
|
36,132,733 | $415,165,102 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DIS
DISNEY WALT CO
|
Communication Services | 1.70% | 1.80% |
#24
1
Prev: #23
|
1.2 | -108,324 | -3.0% |
P
S
|
3,563,050 | $405,368,199 | 2019 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PRAX
PRAXIS PRECISIO...
|
Healthcare | 1.55% | — |
#25
Prev: #—
|
4.1 | 1,255,162 | no change |
NEW
|
1,255,162 | $369,946,448 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FBIN
FORTUNE BRANDS ...
|
Industrials | 1.52% | 0.24% |
#26
29
Prev: #55
|
3.6 | 6,213,274 | 586.7% |
P
S
|
7,272,289 | $363,759,896 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CNK
CINEMARK HLDGS ...
|
Communication Services | 1.47% | 1.38% |
#27
2
Prev: #29
|
3.1 | 3,563,810 | 31.0% |
P
S
|
15,057,911 | $349,945,852 | 2021 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SE
SEA LTD
|
Consumer Cyclical | 1.45% | 2.38% |
#28
15
Prev: #13
|
1.1 | -389,911 | -12.6% |
P
S
|
2,715,855 | $346,461,622 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WLK
WESTLAKE CORPOR...
|
Basic Materials | 1.36% | 1.29% |
#29
3
Prev: #32
|
2.5 | 472,224 | 12.1% |
P
S
|
4,386,635 | $324,347,792 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CRSP
CRISPR THERAPEU...
|
Healthcare | 1.31% | 1.39% |
#30
2
Prev: #28
|
2.5 | 968,060 | 19.4% |
P
S
|
5,950,145 | $312,025,603 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FSV
FIRSTSERVICE CO...
|
Real Estate | 1.29% | 1.19% |
#31
4
Prev: #35
|
3.0 | 530,489 | 36.5% |
P
S
|
1,984,677 | $308,676,813 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AES
AES CORP
|
Utilities | 1.28% | 1.46% |
#32
6
Prev: #26
|
1.0 | -4,616,633 | -17.8% |
P
S
|
21,317,334 | $305,690,570 | 2020 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FNV
FRANCO NEV CORP
|
Basic Materials | 1.22% | 1.36% |
#33
3
Prev: #30
|
1.0 | -9,178 | -0.6% |
P
S
|
1,409,189 | $292,096,696 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
B
BARRICK MNG COR...
|
Basic Materials | 1.22% | 0.92% |
#34
2
Prev: #36
|
1.0 | 121,973 | 1.9% |
P
S
|
6,682,200 | $291,009,810 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
KMI
KINDER MORGAN I...
|
Energy | 1.22% | 1.81% |
#35
13
Prev: #22
|
0.5 | -4,334,199 | -29.1% |
P
S
|
10,550,337 | $290,028,764 | 2016 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NBIS
NEBIUS GROUP N....
|
Communication Services | 1.17% | 6.17% |
#36
34
Prev: #2
|
0.5 | -9,461,185 | -73.9% |
P
S
|
3,335,358 | $279,186,141 | 2016 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VALE
VALE S A
|
Basic Materials | 1.00% | 0.63% |
#37
5
Prev: #42
|
2.9 | 4,668,386 | 34.4% |
P
S
|
18,242,181 | $237,695,618 | 2017 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GLD
SPDR GOLD TR
|
ETF | 0.87% | 1.20% |
#38
4
Prev: #34
|
0.3 | -265,431 | -33.6% |
P
S
|
523,786 | $207,581,629 | 2016 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VIPS
VIPSHOP HLDGS L...
|
Consumer Cyclical | 0.80% | 0.81% |
#39
2
Prev: #37
|
2.3 | 1,227,325 | 12.8% |
P
S
|
10,814,948 | $191,316,430 | 2022 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IMAX
IMAX CORP
|
Communication Services | 0.80% | 0.74% |
#40
1
Prev: #39
|
0.8 | -90,162 | -1.7% |
P
S
|
5,151,721 | $190,407,608 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
R
RYDER SYS INC
|
Industrials | 0.78% | 0.38% |
#41
9
Prev: #50
|
3.3 | 504,404 | 107.3% |
P
S
|
974,620 | $186,532,522 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EQT
EQT CORP
|
Energy | 0.78% | — |
#42
Prev: #—
|
3.8 | 3,479,105 | no change |
NEW
|
3,479,105 | $186,480,028 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RNR
RENAISSANCERE H...
|
Financial Services | 0.75% | — |
#43
Prev: #—
|
3.8 | 634,937 | no change |
NEW
|
634,937 | $178,518,887 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BKNG
BOOKING HOLDING...
|
Consumer Cyclical | 0.69% | 0.65% |
#44
4
Prev: #40
|
2.3 | 2,499 | 8.8% |
P
S
|
30,748 | $164,665,687 | 2018 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SRRK
SCHOLAR ROCK HL...
|
Healthcare | 0.63% | 0.05% |
#45
36
Prev: #81
|
3.3 | 3,126,677 | 1034.5% |
P
S
|
3,428,929 | $151,044,322 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DEO
DIAGEO PLC
|
Consumer Defensive | 0.63% | 0.63% |
#46
5
Prev: #41
|
2.3 | 191,216 | 12.4% |
P
S
|
1,737,346 | $149,880,839 | 2020 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PDD
PDD HOLDINGS IN...
|
Consumer Cyclical | 0.56% | 3.94% |
#47
43
Prev: #4
|
0.2 | -5,774,012 | -83.2% |
P
S
|
1,168,327 | $132,476,599 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BTU
PEABODY ENERGY ...
|
Energy | 0.55% | 0.56% |
#48
4
Prev: #44
|
0.7 | -562,513 | -11.3% |
P
S
|
4,397,530 | $130,606,641 | 2017 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WPM
WHEATON PRECIOU...
|
Basic Materials | 0.50% | 0.49% |
#49
4
Prev: #45
|
1.2 | no change | no change |
P
S
|
1,023,924 | $120,331,548 | 2019 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SYNA
SYNAPTICS INC
|
Technology | 0.48% | 0.41% |
#50
1
Prev: #49
|
2.2 | 137,926 | 9.9% |
P
S
|
1,536,228 | $113,711,596 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-50 of 98 holdings