Orbis Allan Gray Ltd
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Orbis Allan Gray Ltd reported 96 stock positions worth $29.1 billion. Its top holding was Corpay (CPAY) at 6.2% of the portfolio, followed by Nebius (NBIS, 6.2%) and Booking (BKNG, 4.4%). Compared with Q1 2026, it opened 11 new positions, sold out of 6, added to 45 and reduced 32. The biggest buy was Booking (BKNG, shares +290%) and the biggest sale Westlake (WLK, shares −61%).
- Most Recent 13F
- Q2 2026
- Location
- HamiltoN, D0
- CIK
- 0001663865
- Portfolio Value
- $29.1B (Q2 2026)
- SEC Filing
- 0001663865-26-000004 ↗ filed Aug 14, 2026
Holdings Value
Holdings 96 stocks · $29.1B
| CPAY Corpay Inc. | 6.20% | 5,408,507 | $1.8B | Add +1.2% |
| NBIS Nebius Group NV | 6.17% | 6,494,719 | $1.8B | Reduce -21.9% |
| BKNG Booking Holdings Inc. | 4.41% | 7,191,572 | $1.3B | Add +289.9% |
| QXO Qxo Inc. | 4.40% | 73,951,325 | $1.3B | No change |
| BRKR Bruker Corp. | 3.71% | 17,940,076 | $1.1B | No change |
| RXO Rxo Inc. | 3.45% | 36,397,974 | $1.0B | No change |
| MSI Motorola Solutions Inc. | 3.41% | 2,389,623 | $992.4M | Add +27.8% |
| GOOGL Alphabet Inc. Class A | 2.88% | 2,340,624 | $836.5M | Reduce -6.9% |
| EQT Eqt Corp. | 2.87% | 15,706,047 | $835.1M | Add +29.7% |
| XPO Xpo Inc. | 2.40% | 3,402,819 | $698.6M | Reduce -0.2% |
| SHEL Shell PLC-ADR | 2.36% | 8,847,436 | $686.0M | Add +115.1% |
| GXO Gxo Logistics Inc. | 2.34% | 13,424,844 | $680.6M | No change |
| ITUB Itau Unibanco H-Spon PRF ADR | 2.28% | 81,301,690 | $664.2M | Add +17.4% |
| INSM Insmed Inc. | 2.23% | 6,076,487 | $647.9M | Add +224.5% |
| ALNY Alnylam Pharmaceuticals Inc. | 2.06% | 1,987,407 | $598.3M | Add +48.9% |
| FSV Firstservice Corp. | 1.98% | 4,044,289 | $574.7M | Add +1.9% |
| STE Steris PLC | 1.94% | 2,677,710 | $563.8M | Add +3.3% |
| IBKR Interactive Brokers Gro Class A | 1.82% | 6,069,270 | $528.3M | Reduce -0.8% |
| NEM Newmont Corp. | 1.78% | 5,544,346 | $517.8M | Add +7.2% |
| PRAX Praxis Precision Medicines I | 1.76% | 1,529,788 | $512.2M | Reduce -38.1% |
| NVDA Nvidia Corp. | 1.69% | 2,450,522 | $490.3M | Add +17.3% |
| CNK Cinemark Holdings Inc. | 1.64% | 15,057,911 | $477.8M | No change |
| BTI British American Tob-SP ADR | 1.57% | 7,385,374 | $456.1M | Reduce -4.2% |
| NTES Netease Inc.-ADR | 1.54% | 3,503,491 | $448.9M | Reduce -2.3% |
| PDD PDD Holdings Inc. | 1.40% | 5,353,562 | $408.4M | Add +207.0% |
| DEO Diageo PLC-Sponsored ADR | 1.32% | 4,777,636 | $384.0M | Add +29.1% |
| KMI Kinder Morgan Inc. | 1.30% | 11,797,985 | $377.2M | Add +4.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.24% | 3,734,888 | $359.5M | No change |
| BRO Brown & Brown Inc. | 1.19% | 5,371,080 | $344.6M | New |
| CX Cemex Sab-Spons ADR Part Cer | 1.17% | 28,304,697 | $339.7M | Reduce -23.8% |
| SRRK Scholar Rock Holding Corp. | 1.12% | 5,933,533 | $326.3M | Add +42.0% |
| GMAB Genmab A/S -SP ADR | 1.07% | 11,368,161 | $312.3M | Reduce -12.1% |
| RHI Robert Half Inc. | 1.04% | 9,877,840 | $303.2M | Add +30.9% |
| CRSP Crispr Therapeutics AG | 1.02% | 5,449,161 | $297.2M | Reduce -10.8% |
| AAL American Airlines Group Inc. | 1.00% | 16,139,385 | $291.6M | Add +635.1% |
| TBBB BBB Foods Inc. Class A | 0.97% | 6,735,036 | $280.6M | Add +19.3% |
| SW Smurfit Westrock PLC | 0.94% | 5,881,487 | $272.1M | Reduce -57.3% |
| FNV Franco-Nevada Corp. | 0.93% | 1,290,361 | $269.0M | Add +19.5% |
| RRC Range Resources Corp. | 0.86% | 6,694,822 | $249.0M | Add +147.3% |
| B Barrick Mining Corp. | 0.84% | 6,687,005 | $245.6M | Add +11.1% |
| HDB HDFC Bank Ltd.-ADR | 0.84% | 9,446,886 | $244.0M | Add +428.4% |
| RYAN Ryan Specialty Holdings Inc. | 0.82% | 6,307,845 | $238.2M | New |
| ENB Enbridge Inc. | 0.81% | 4,342,664 | $235.4M | Add +159.8% |
| VALE Vale SA-SP ADR | 0.74% | 14,267,945 | $214.6M | Reduce -26.4% |
| IQV Iqvia Holdings Inc. | 0.73% | 1,101,165 | $212.8M | Add +404.6% |
| IMAX Imax Corp. | 0.71% | 5,149,555 | $205.3M | Reduce -0.0% |
| GLD SPDR Gold Shares | 0.63% | 499,941 | $184.2M | Add +5.5% |
| SYNA Synaptics Inc. | 0.61% | 1,422,657 | $176.7M | Reduce -14.3% |
| RNR Renaissancere Holdings Ltd. | 0.59% | 542,301 | $171.9M | Reduce -16.4% |
| AR Antero Resources Corp. | 0.55% | 4,547,301 | $159.8M | Reduce -6.7% |
| EAT Brinker International Inc. | 0.54% | 935,796 | $157.2M | Add +0.9% |
| DYN Dyne Therapeutics Inc. | 0.54% | 7,006,542 | $155.6M | Add +3.6% |
| WLK Westlake Corp. | 0.52% | 2,084,364 | $152.2M | Reduce -60.6% |
| TRU Transunion | 0.50% | 2,021,682 | $145.8M | Add +245.8% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.46% | 9,988,142 | $133.4M | Add +82.2% |
| CRC California Resources Corp. | 0.44% | 2,422,242 | $128.1M | Add +11.2% |
| EDU New Oriental Educatio-SP ADR | 0.34% | 2,162,403 | $99.3M | Add +84.7% |
| CARG Cargurus Inc. | 0.28% | 2,407,398 | $82.1M | Add +3.2% |
| R Ryder System Inc. | 0.28% | 307,335 | $81.1M | Reduce -56.8% |
| DAO Youdao Inc. - ADR | 0.28% | 6,563,497 | $80.7M | Reduce -2.6% |
| ELV Elevance Health Inc. | 0.24% | 183,191 | $70.8M | No change |
| ON On Semiconductor | 0.24% | 741,034 | $70.1M | Reduce -22.1% |
| MRVL Marvell Technology Inc. | 0.24% | 229,717 | $68.4M | Reduce -0.2% |
| BUR Burford Capital Ltd. | 0.21% | 14,673,240 | $60.2M | Add +12.7% |
| NAMS Newamsterdam Pharma Co. NV | 0.20% | 1,747,627 | $59.2M | New |
| BWXT BWX Technologies Inc. | 0.20% | 297,329 | $57.9M | Reduce -0.3% |
| UNH Unitedhealth Group Inc. | 0.19% | 134,216 | $55.8M | New |
| AM Antero Midstream Corp. | 0.19% | 2,420,433 | $55.1M | Add +7.0% |
| MICC The Magnum Ice Cream Co. NV | 0.19% | 3,112,401 | $54.2M | Reduce -26.9% |
| GNRC Generac Holdings Inc. | 0.18% | 182,189 | $53.3M | Reduce -13.1% |
| EME Emcor Group Inc. | 0.18% | 62,764 | $52.1M | Add +2.7% |
| MCS Marcus Corporation | 0.18% | 2,189,129 | $51.4M | Add +11.5% |
| GFI Gold Fields Ltd.-Spons ADR | 0.17% | 1,473,023 | $49.5M | Add +2.0% |
| SE Sea Ltd.-ADR | 0.17% | 513,300 | $49.2M | Reduce -72.2% |
| VIPS Vipshop Holdings Ltd. - ADR | 0.16% | 3,594,710 | $47.7M | Reduce -31.1% |
| WPM Wheaton Precious Metals Corp. | 0.16% | 405,444 | $45.5M | Reduce -22.4% |
| NKE Nike Inc. Class B | 0.14% | 1,015,893 | $41.7M | Add +7.2% |
| NCMI National Cinemedia Inc. | 0.12% | 9,313,977 | $35.4M | Add +1.9% |
| BAH Booz Allen Hamilton Holdings | 0.12% | 569,678 | $34.6M | Add +2.0% |
| CNX CNX Resources Corp. | 0.10% | 886,386 | $30.1M | Add +158.2% |
| AU Anglogold Ashanti PLC | 0.10% | 365,003 | $29.5M | No change |
| HNRG Hallador Energy Co. | 0.10% | 1,695,845 | $29.5M | Reduce -3.6% |
| CLBT Cellebrite Di Ltd. | 0.09% | 1,707,749 | $24.9M | New |
| GENI Genius Sports Ltd. | 0.08% | 3,767,572 | $22.8M | New |
| MAR Marriott International Class A | 0.08% | 61,340 | $22.7M | Reduce -58.8% |
| ECHO Echostar Corp. Class A | 0.07% | 214,394 | $21.8M | New |
| PTLO Portillo's Inc. Class A | 0.07% | 4,171,276 | $19.8M | Reduce -41.0% |
| LOMA Loma Negra Cia Ind-Spon ADR | 0.06% | 1,540,398 | $17.6M | Add +46.5% |
| HWM Howmet Aerospace Inc. | 0.06% | 60,402 | $16.2M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.05% | 31,869 | $15.9M | New |
| IRS Irsa -SP ADR filed as IRSA INVERSIONES Y REP S A | 0.05% | 901,355 | $13.9M | Add +80.1% |
| WSE Wise Group PLC Class A | 0.03% | 730,105 | $8.7M | New |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 0.03% | 88,375 | $8.3M | New |
| G Genpact Ltd. | 0.02% | 174,752 | $4.8M | Add +0.7% |
| MNSO Miniso Group Holding Ltd.-ADR | 0.01% | 254,418 | $3.1M | Reduce -55.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.00% | 2,916 | $1.4M | Reduce -42.2% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $27.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 569,445 | $27.8M | New |
Total filed on the 13F, all lines: $29.1B.
Portfolio Sells Q1 2026 → Q2 2026
| WLK Westlake Corp. | Reduce -60.6% | 0.52% | −2.09 |
| PRAX Praxis Precision Medicines I | Reduce -38.1% | 1.76% | −1.60 |
| SW Smurfit Westrock PLC | Reduce -57.3% | 0.94% | −1.38 |
| AES AES Corp. | Sold out | 0.00% | −0.73 |
| CX Cemex Sab-Spons ADR Part Cer | Reduce -23.8% | 1.17% | −0.62 |
| VALE Vale SA-SP ADR | Reduce -26.4% | 0.74% | −0.56 |
| SE Sea Ltd.-ADR | Reduce -72.2% | 0.17% | −0.47 |
| XPO Xpo Inc. | Reduce -0.2% | 2.40% | −0.39 |
| GMAB Genmab A/S -SP ADR | Reduce -12.1% | 1.07% | −0.39 |
| R Ryder System Inc. | Reduce -56.8% | 0.28% | −0.34 |
| BTI British American Tob-SP ADR | Reduce -4.2% | 1.57% | −0.33 |
| AR Antero Resources Corp. | Reduce -6.7% | 0.55% | −0.32 |
| RNR Renaissancere Holdings Ltd. | Reduce -16.4% | 0.59% | −0.22 |
| CRSP Crispr Therapeutics AG | Reduce -10.8% | 1.02% | −0.20 |
| VIPS Vipshop Holdings Ltd. - ADR | Reduce -31.1% | 0.16% | −0.18 |
| GOOGL Alphabet Inc. Class A | Reduce -6.9% | 2.88% | −0.17 |
| KB KB Financial Group Inc.-ADR | Sold out | 0.00% | −0.15 |
| NTES Netease Inc.-ADR | Reduce -2.3% | 1.54% | −0.15 |
| SLGN Silgan Holdings Inc. | Sold out | 0.00% | −0.15 |
| WPM Wheaton Precious Metals Corp. | Reduce -22.4% | 0.16% | −0.13 |
| FBIN Fortune Brands Innovations I | Sold out | 0.00% | −0.13 |
| MAR Marriott International Class A | Reduce -58.8% | 0.08% | −0.13 |
| IMAX Imax Corp. | Reduce -0.0% | 0.71% | −0.12 |
| PTLO Portillo's Inc. Class A | Reduce -41.0% | 0.07% | −0.09 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −0.09 |
| MICC The Magnum Ice Cream Co. NV | Reduce -26.9% | 0.19% | −0.08 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.07 |
| BWXT BWX Technologies Inc. | Reduce -0.3% | 0.20% | −0.06 |
| MNSO Miniso Group Holding Ltd.-ADR | Reduce -55.9% | 0.01% | −0.03 |
| HNRG Hallador Energy Co. | Reduce -3.6% | 0.10% | −0.02 |
| ON On Semiconductor | Reduce -22.1% | 0.24% | −0.01 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -42.2% | 0.00% | −0.00 |
| DAO Youdao Inc. - ADR | Reduce -2.6% | 0.28% | −0.00 |
| GNRC Generac Holdings Inc. | Reduce -13.1% | 0.18% | +0.01 |
| IBKR Interactive Brokers Gro Class A | Reduce -0.8% | 1.82% | +0.09 |
| SYNA Synaptics Inc. | Reduce -14.3% | 0.61% | +0.12 |
| MRVL Marvell Technology Inc. | Reduce -0.2% | 0.24% | +0.14 |
| NBIS Nebius Group NV | Reduce -21.9% | 6.17% | +2.53 |
Portfolio Buys Q1 2026 → Q2 2026
| BKNG Booking Holdings Inc. | Add +289.9% | 4.41% | +3.10 |
| BRO Brown & Brown Inc. | New | 1.19% | +1.19 |
| INSM Insmed Inc. | Add +224.5% | 2.23% | +0.94 |
| AAL American Airlines Group Inc. | Add +635.1% | 1.00% | +0.90 |
| RYAN Ryan Specialty Holdings Inc. | New | 0.82% | +0.82 |
| SHEL Shell PLC-ADR | Add +115.1% | 2.36% | +0.75 |
| PDD PDD Holdings Inc. | Add +207.0% | 1.40% | +0.65 |
| HDB HDFC Bank Ltd.-ADR | Add +428.4% | 0.84% | +0.65 |
| IQV Iqvia Holdings Inc. | Add +404.6% | 0.73% | +0.57 |
| ENB Enbridge Inc. | Add +159.8% | 0.81% | +0.43 |
| RRC Range Resources Corp. | Add +147.3% | 0.86% | +0.34 |
| TRU Transunion | Add +245.8% | 0.50% | +0.33 |
| SRRK Scholar Rock Holding Corp. | Add +42.0% | 1.12% | +0.26 |
| RHI Robert Half Inc. | Add +30.9% | 1.04% | +0.23 |
| NAMS Newamsterdam Pharma Co. NV | New | 0.20% | +0.20 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +48.9% | 2.06% | +0.19 |
| UNH Unitedhealth Group Inc. | New | 0.19% | +0.19 |
| DEO Diageo PLC-Sponsored ADR | Add +29.1% | 1.32% | +0.16 |
| NVDA Nvidia Corp. | Add +17.3% | 1.69% | +0.15 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +82.2% | 0.46% | +0.13 |
| TBBB BBB Foods Inc. Class A | Add +19.3% | 0.97% | +0.12 |
| CLBT Cellebrite Di Ltd. | New | 0.09% | +0.09 |
| GENI Genius Sports Ltd. | New | 0.08% | +0.08 |
| ECHO Echostar Corp. Class A | New | 0.07% | +0.07 |
| EDU New Oriental Educatio-SP ADR | Add +84.7% | 0.34% | +0.06 |
| HWM Howmet Aerospace Inc. | New | 0.06% | +0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.05% | +0.05 |
| CNX CNX Resources Corp. | Add +158.2% | 0.10% | +0.05 |
| MCS Marcus Corporation | Add +11.5% | 0.18% | +0.03 |
| WSE Wise Group PLC Class A | New | 0.03% | +0.03 |
| FUTU Futu Holdings Ltd.-ADR | New | 0.03% | +0.03 |
| DYN Dyne Therapeutics Inc. | Add +3.6% | 0.54% | +0.02 |
| IRS Irsa -SP ADR | Add +80.1% | 0.05% | +0.01 |
| LOMA Loma Negra Cia Ind-Spon ADR | Add +46.5% | 0.06% | +0.01 |
| NCMI National Cinemedia Inc. | Add +1.9% | 0.12% | +0.00 |
| MSI Motorola Solutions Inc. | Add +27.8% | 3.41% | −0.01 |
| G Genpact Ltd. | Add +0.7% | 0.02% | −0.01 |
| EME Emcor Group Inc. | Add +2.7% | 0.18% | −0.01 |
| EAT Brinker International Inc. | Add +0.9% | 0.54% | −0.02 |
| AM Antero Midstream Corp. | Add +7.0% | 0.19% | −0.03 |
| BUR Burford Capital Ltd. | Add +12.7% | 0.21% | −0.04 |
| CARG Cargurus Inc. | Add +3.2% | 0.28% | −0.05 |
| BAH Booz Allen Hamilton Holdings | Add +2.0% | 0.12% | −0.07 |
| NKE Nike Inc. Class B | Add +7.2% | 0.14% | −0.07 |
| GFI Gold Fields Ltd.-Spons ADR | Add +2.0% | 0.17% | −0.11 |
| ITUB Itau Unibanco H-Spon PRF ADR | Add +17.4% | 2.28% | −0.16 |
| B Barrick Mining Corp. | Add +11.1% | 0.84% | −0.19 |
| CRC California Resources Corp. | Add +11.2% | 0.44% | −0.20 |
| FNV Franco-Nevada Corp. | Add +19.5% | 0.93% | −0.20 |
| GLD SPDR Gold Shares | Add +5.5% | 0.63% | −0.23 |
Notes & Other Activity Q1 2026 → Q2 2026
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | New | 569,445 | $27.8M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 96 | $29.1B | CPAY, NBIS, BKNG, QXO, BRKR |
| Q1 2026 | 91 | $23.7B | CPAY, QXO, NBIS, MSI, PRAX |
| Q4 2025 | 89 | $23.9B | QXO, CPAY, UNH, GOOGL, ICLR |
| Q3 2025 | 86 | $23.3B | QXO, NBIS, CPAY, PDD, ALNY |
| Q2 2025 | 78 | $20.6B | QXO, CPAY, ELV, NBIS, SW |
| Q1 2025 | 78 | $17.5B | QXO, CPAY, ELV, KMI, IBKR |
| Q4 2024 | 84 | $18.6B | QXO, CPAY, UNH, IBKR, ELV |
| Q3 2024 | 81 | $18.9B | QXO, UNH, CPAY, IBKR, RXO |
| Q2 2024 | 77 | $16.1B | UNH, CPAY, IBKR, SHEL, GXO |
| Q1 2024 | 72 | $16.7B | CPAY, UNH, IBKR, GXO, GPN |