Orbis Allan Gray Ltd
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Orbis Allan Gray Ltd reported 72 stock positions worth $16.7 billion. Its top holding was Corpay (CPAY) at 8.4% of the portfolio, followed by Unitedhealth (UNH, 5.4%) and Interactive Brokers Gro Class A (IBKR, 4.8%). Compared with Q4 2023, it opened 4 new positions, sold out of 6, added to 29 and reduced 31. The biggest buy was Alphabet Class A (GOOGL, shares +1148%) and the biggest sale Intel (INTC, shares −21%).
- Most Recent 13F
- Q2 2026
- Location
- HamiltoN, D0
- CIK
- 0001663865
- Portfolio Value
- $16.7B (Q1 2024)
- SEC Filing
- 0001085146-24-002557 ↗ filed May 15, 2024
Holdings Value
Holdings 72 stocks · $16.7B
| CPAY Corpay Inc. | 8.39% | 4,536,801 | $1.4B | Reduce -8.2% |
| UNH Unitedhealth Group Inc. | 5.37% | 1,811,859 | $896.3M | Add +52.8% |
| IBKR Interactive Brokers Gro Class A | 4.77% | 7,129,746 | $796.5M | Reduce -8.2% |
| GXO Gxo Logistics Inc. | 4.61% | 14,316,023 | $769.6M | Reduce -4.5% |
| GPN Global Payments Inc. | 4.54% | 5,666,000 | $757.3M | Reduce -21.2% |
| SHEL Shell PLC-ADR | 4.15% | 10,321,798 | $692.0M | Add +20.3% |
| CEG Constellation Energy | 3.43% | 3,100,597 | $573.1M | Reduce -49.6% |
| RNR Renaissancere Holdings Ltd. | 3.34% | 2,375,616 | $558.3M | Add +4.5% |
| INTC Intel Corp. | 3.32% | 12,561,554 | $554.8M | Reduce -21.2% |
| XPO Xpo Inc. | 3.14% | 4,297,339 | $524.4M | Reduce -23.9% |
| ELV Elevance Health Inc. | 2.98% | 959,154 | $497.4M | Add +6.4% |
| MU Micron Technology Inc. | 2.95% | 4,175,897 | $492.3M | Reduce -35.6% |
| VAL Valaris Ltd. | 2.60% | 5,776,974 | $434.8M | Add +0.3% |
| AES AES Corp. | 2.49% | 23,163,838 | $415.3M | Add +3.3% |
| WLK Westlake Corp. | 2.48% | 2,714,438 | $414.8M | Reduce -4.0% |
| BTI British American Tob-SP ADR | 2.31% | 12,635,739 | $385.4M | Add +59.0% |
| RXO Rxo Inc. | 2.24% | 17,100,130 | $374.0M | Add +0.1% |
| GOOGL Alphabet Inc. Class A | 2.24% | 2,474,041 | $373.4M | Add +1148.3% |
| HWM Howmet Aerospace Inc. | 2.04% | 4,970,565 | $340.1M | Reduce -22.8% |
| MSI Motorola Solutions Inc. | 2.01% | 945,388 | $335.6M | Reduce -2.9% |
| GOOG Alphabet Inc. Class C | 1.97% | 2,162,542 | $329.3M | Add +0.2% |
| NE Noble Corp. PLC | 1.83% | 6,285,516 | $304.8M | Add +11.6% |
| TS Tenaris SA-ADR | 1.77% | 7,531,797 | $295.8M | Reduce -0.2% |
| PGR Progressive Corp. | 1.72% | 1,390,887 | $287.7M | Reduce -28.7% |
| TXN Texas Instruments Inc. | 1.48% | 1,417,599 | $247.0M | Add +1320.3% |
| CNK Cinemark Holdings Inc. | 1.41% | 13,056,537 | $234.6M | Add +6.0% |
| DEO Diageo PLC-Sponsored ADR | 1.37% | 1,540,996 | $229.2M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.37% | 1,863,080 | $228.0M | Reduce -7.5% |
| GLD SPDR Gold Shares | 1.35% | 1,095,367 | $225.3M | Add +13.1% |
| SYNA Synaptics Inc. | 1.33% | 2,279,251 | $222.4M | Reduce -3.8% |
| ABNB Airbnb Inc. Class A | 1.30% | 1,320,412 | $217.8M | No change |
| BKNG Booking Holdings Inc. | 1.23% | 56,529 | $205.1M | Reduce -6.5% |
| RUN Sunrun Inc. | 1.12% | 14,231,282 | $187.6M | Add +0.1% |
| NTES Netease Inc.-ADR | 0.96% | 1,551,180 | $160.5M | Add +0.7% |
| KMI Kinder Morgan Inc. | 0.87% | 7,943,996 | $145.7M | Reduce -0.4% |
| VIPS Vipshop Holdings Ltd. - ADR | 0.61% | 6,167,398 | $102.1M | Add +25.7% |
| ASAIY Sendas Distribuidora SA | 0.60% | 6,783,358 | $100.3M | No change |
| FNV Franco-Nevada Corp. | 0.57% | 800,924 | $95.4M | New |
| BUR Burford Capital Ltd. | 0.56% | 5,905,341 | $94.3M | Add +7.8% |
| WPM Wheaton Precious Metals Corp. | 0.54% | 1,922,965 | $90.6M | Reduce -18.7% |
| PTLO Portillo's Inc. Class A | 0.46% | 5,404,425 | $76.6M | Add +3.4% |
| GLNG Golar LNG Ltd. | 0.44% | 3,052,792 | $73.5M | Reduce -41.4% |
| MTZ Mastec Inc. | 0.43% | 761,331 | $71.0M | Reduce -16.6% |
| B Barrick Gold Corp. | 0.42% | 4,198,070 | $69.9M | Add +8.3% |
| GFI Gold Fields Ltd.-Spons ADR | 0.35% | 3,695,600 | $58.7M | Add +1.3% |
| BORR Borr Drilling Ltd. | 0.34% | 8,403,450 | $57.6M | No change |
| CHD Church & Dwight Co. Inc. | 0.34% | 547,577 | $57.1M | Reduce -0.3% |
| MAR Marriott International Class A | 0.31% | 205,513 | $51.9M | Reduce -19.4% |
| ACGL Arch Capital Group Ltd. | 0.30% | 544,122 | $50.3M | No change |
| CNH CNH Industrial NV | 0.30% | 3,851,276 | $49.9M | Add +7.4% |
| CRC California Resources Corp. | 0.26% | 785,093 | $43.3M | No change |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 0.25% | 792,325 | $41.3M | Reduce -6.8% |
| DAO Youdao Inc. - ADR | 0.25% | 10,236,144 | $41.1M | Reduce -1.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.23% | 285,119 | $38.8M | Reduce -90.3% |
| FSV Firstservice Corp. | 0.21% | 207,978 | $34.5M | Add +40.9% |
| AMZN Amazon.com Inc. | 0.16% | 152,370 | $27.5M | Reduce -44.8% |
| HLT Hilton Worldwide Holdings Inc. | 0.16% | 126,300 | $26.9M | Reduce -16.9% |
| BN Brookfield Corp. | 0.16% | 641,735 | $26.9M | Add +0.6% |
| HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I | 0.16% | 2,424,403 | $26.3M | Add +5.3% |
| HDB HDFC Bank Ltd.-ADR | 0.15% | 433,904 | $24.3M | New |
| MSFT Microsoft Corp. | 0.14% | 57,384 | $24.1M | Reduce -22.8% |
| GNRC Generac Holdings Inc. | 0.13% | 172,823 | $21.8M | Add +7.7% |
| CMCL Caledonia Mining Corp. PLC | 0.12% | 1,806,075 | $20.0M | Add +175.3% |
| NAVI Navient Corp. | 0.10% | 993,885 | $17.3M | Add +170.1% |
| TECK Teck Resources Ltd.-CLS B | 0.10% | 377,432 | $17.3M | Reduce -84.9% |
| SHG Shinhan Financial Group-ADR | 0.10% | 478,906 | $17.0M | Reduce -9.8% |
| NEM Newmont Corp. | 0.09% | 418,035 | $15.0M | Add +1025.9% |
| WRK Westrock Co. | 0.08% | 283,127 | $14.0M | New |
| MCS Marcus Corporation | 0.05% | 579,375 | $8.3M | Reduce -25.8% |
| SMFG Sumitomo Mitsui-Spons ADR | 0.01% | 125,203 | $1.5M | No change |
| ORLY O'reilly Automotive Inc. | 0.00% | 191 | $216K | No change |
| NBIS Nebius Group NV filed as YANDEX N V | 0.00% | 3,056,164 | $0 | No change |
Portfolio Sells Q4 2023 → Q1 2024
| INTC Intel Corp. | Reduce -21.2% | 3.32% | −1.71 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -90.3% | 0.23% | −1.69 |
| GPN Global Payments Inc. | Reduce -21.2% | 4.54% | −1.20 |
| GXO Gxo Logistics Inc. | Reduce -4.5% | 4.61% | −1.15 |
| CEG Constellation Energy | Reduce -49.6% | 3.43% | −1.08 |
| TECK Teck Resources Ltd.-CLS B | Reduce -84.9% | 0.10% | −0.56 |
| MU Micron Technology Inc. | Reduce -35.6% | 2.95% | −0.53 |
| CPAY Corpay Inc. | Reduce -8.2% | 8.39% | −0.38 |
| SYNA Synaptics Inc. | Reduce -3.8% | 1.33% | −0.36 |
| GLNG Golar LNG Ltd. | Reduce -41.4% | 0.44% | −0.31 |
| LKQ LKQ Corp. | Sold out | 0.00% | −0.27 |
| DO Diamond Offshore Drilling Inc. | Sold out | 0.00% | −0.27 |
| PGR Progressive Corp. | Reduce -28.7% | 1.72% | −0.23 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.22 |
| SPG Simon Property Group Inc. | Sold out | 0.00% | −0.19 |
| WPM Wheaton Precious Metals Corp. | Reduce -18.7% | 0.54% | −0.19 |
| HWM Howmet Aerospace Inc. | Reduce -22.8% | 2.04% | −0.15 |
| BKNG Booking Holdings Inc. | Reduce -6.5% | 1.23% | −0.12 |
| AMZN Amazon.com Inc. | Reduce -44.8% | 0.16% | −0.10 |
| PAAS Pan American Silver Corp. | Sold out | 0.00% | −0.05 |
| MAR Marriott International Class A | Reduce -19.4% | 0.31% | −0.05 |
| MSFT Microsoft Corp. | Reduce -22.8% | 0.14% | −0.03 |
| MCS Marcus Corporation | Reduce -25.8% | 0.05% | −0.02 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.01 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -16.9% | 0.16% | −0.01 |
| KMI Kinder Morgan Inc. | Reduce -0.4% | 0.87% | −0.01 |
| DAO Youdao Inc. - ADR | Reduce -1.2% | 0.25% | −0.01 |
| MTZ Mastec Inc. | Reduce -16.6% | 0.43% | −0.01 |
| SHG Shinhan Financial Group-ADR | Reduce -9.8% | 0.10% | −0.00 |
| WLK Westlake Corp. | Reduce -4.0% | 2.48% | +0.00 |
| CHD Church & Dwight Co. Inc. | Reduce -0.3% | 0.34% | +0.02 |
| KB KB Financial Group Inc.-ADR | Reduce -6.8% | 0.25% | +0.03 |
| XPO Xpo Inc. | Reduce -23.9% | 3.14% | +0.03 |
| MSI Motorola Solutions Inc. | Reduce -2.9% | 2.01% | +0.10 |
| TS Tenaris SA-ADR | Reduce -0.2% | 1.77% | +0.12 |
| DIS The Walt Disney Co. | Reduce -7.5% | 1.37% | +0.22 |
| IBKR Interactive Brokers Gro Class A | Reduce -8.2% | 4.77% | +0.73 |
Portfolio Buys Q4 2023 → Q1 2024
| GOOGL Alphabet Inc. Class A | Add +1148.3% | 2.24% | +2.06 |
| UNH Unitedhealth Group Inc. | Add +52.8% | 5.37% | +1.45 |
| DEO Diageo PLC-Sponsored ADR | New | 1.37% | +1.37 |
| TXN Texas Instruments Inc. | Add +1320.3% | 1.48% | +1.37 |
| BTI British American Tob-SP ADR | Add +59.0% | 2.31% | +0.85 |
| SHEL Shell PLC-ADR | Add +20.3% | 4.15% | +0.60 |
| FNV Franco-Nevada Corp. | New | 0.57% | +0.57 |
| RNR Renaissancere Holdings Ltd. | Add +4.5% | 3.34% | +0.55 |
| CNK Cinemark Holdings Inc. | Add +6.0% | 1.41% | +0.32 |
| ELV Elevance Health Inc. | Add +6.4% | 2.98% | +0.31 |
| GLD SPDR Gold Shares | Add +13.1% | 1.35% | +0.19 |
| HDB HDFC Bank Ltd.-ADR | New | 0.15% | +0.15 |
| VAL Valaris Ltd. | Add +0.3% | 2.60% | +0.12 |
| NE Noble Corp. PLC | Add +11.6% | 1.83% | +0.12 |
| WRK Westrock Co. | New | 0.08% | +0.08 |
| NEM Newmont Corp. | Add +1025.9% | 0.09% | +0.08 |
| CMCL Caledonia Mining Corp. PLC | Add +175.3% | 0.12% | +0.07 |
| VIPS Vipshop Holdings Ltd. - ADR | Add +25.7% | 0.61% | +0.06 |
| GOOG Alphabet Inc. Class C | Add +0.2% | 1.97% | +0.06 |
| NAVI Navient Corp. | Add +170.1% | 0.10% | +0.06 |
| NTES Netease Inc.-ADR | Add +0.7% | 0.96% | +0.06 |
| FSV Firstservice Corp. | Add +40.9% | 0.21% | +0.06 |
| BUR Burford Capital Ltd. | Add +7.8% | 0.56% | +0.03 |
| CNH CNH Industrial NV | Add +7.4% | 0.30% | +0.02 |
| GFI Gold Fields Ltd.-Spons ADR | Add +1.3% | 0.35% | +0.02 |
| HOS Hornbeck Offshore Services I | Add +5.3% | 0.16% | +0.01 |
| GNRC Generac Holdings Inc. | Add +7.7% | 0.13% | +0.00 |
| BN Brookfield Corp. | Add +0.6% | 0.16% | +0.00 |
| B Barrick Gold Corp. | Add +8.3% | 0.42% | −0.02 |
| PTLO Portillo's Inc. Class A | Add +3.4% | 0.46% | −0.06 |
| AES AES Corp. | Add +3.3% | 2.49% | −0.22 |
| RXO Rxo Inc. | Add +0.1% | 2.24% | −0.25 |
| RUN Sunrun Inc. | Add +0.1% | 1.12% | −0.63 |
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 |