Orbis Allan Gray Ltd
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Orbis Allan Gray Ltd reported 77 stock positions worth $16.1 billion. Its top holding was Unitedhealth (UNH) at 7.5% of the portfolio, followed by Corpay (CPAY, 7.1%) and Interactive Brokers Gro Class A (IBKR, 5.3%). Compared with Q1 2024, it opened 8 new positions, sold out of 3, added to 34 and reduced 31. The biggest buy was Unitedhealth (UNH, shares +30%) and the biggest sale Intel (INTC, shares −92%).
- Most Recent 13F
- Q2 2026
- Location
- HamiltoN, D0
- CIK
- 0001663865
- Portfolio Value
- $16.1B (Q2 2024)
- SEC Filing
- 0001085146-24-003850 ↗ filed Aug 14, 2024
Holdings Value
Holdings 77 stocks · $16.1B
| UNH Unitedhealth Group Inc. | 7.47% | 2,353,564 | $1.2B | Add +29.9% |
| CPAY Corpay Inc. | 7.06% | 4,251,339 | $1.1B | Reduce -6.3% |
| IBKR Interactive Brokers Gro Class A | 5.32% | 6,961,727 | $853.5M | Reduce -2.4% |
| SHEL Shell PLC-ADR | 4.71% | 10,479,098 | $756.4M | Add +1.5% |
| GXO Gxo Logistics Inc. | 4.44% | 14,128,306 | $713.5M | Reduce -1.3% |
| RNR Renaissancere Holdings Ltd. | 3.79% | 2,723,087 | $608.6M | Add +14.6% |
| GPN Global Payments Inc. | 3.74% | 6,214,677 | $601.0M | Add +9.7% |
| ELV Elevance Health Inc. | 3.12% | 924,789 | $501.1M | Reduce -3.6% |
| CEG Constellation Energy | 3.11% | 2,495,671 | $499.8M | Reduce -19.5% |
| RXO Rxo Inc. | 2.90% | 17,785,748 | $465.1M | Add +4.0% |
| XPO Xpo Inc. | 2.75% | 4,162,677 | $441.9M | Reduce -3.1% |
| VAL Valaris Ltd. | 2.70% | 5,817,260 | $433.4M | Add +0.7% |
| GOOGL Alphabet Inc. Class A | 2.63% | 2,316,138 | $421.9M | Reduce -6.4% |
| AES AES Corp. | 2.56% | 23,399,993 | $411.1M | Add +1.0% |
| WLK Westlake Corp. | 2.51% | 2,779,200 | $402.5M | Add +2.4% |
| BTI British American Tob-SP ADR | 2.39% | 12,384,239 | $383.0M | Reduce -2.0% |
| MSI Motorola Solutions Inc. | 2.37% | 986,967 | $381.0M | Add +4.4% |
| MU Micron Technology Inc. | 2.30% | 2,811,024 | $369.7M | Reduce -32.7% |
| NE Noble Corp. PLC | 2.11% | 7,593,816 | $339.1M | Add +20.8% |
| GOOG Alphabet Inc. Class C | 1.88% | 1,649,047 | $302.5M | Reduce -23.7% |
| CNK Cinemark Holdings Inc. | 1.80% | 13,371,042 | $289.1M | Add +2.4% |
| TXN Texas Instruments Inc. | 1.67% | 1,377,020 | $267.9M | Reduce -2.9% |
| HWM Howmet Aerospace Inc. | 1.61% | 3,319,710 | $257.7M | Reduce -33.2% |
| GLD SPDR Gold Shares | 1.54% | 1,150,351 | $247.3M | Add +5.0% |
| NEM Newmont Corp. | 1.54% | 5,900,662 | $247.1M | Add +1311.5% |
| DEO Diageo PLC-Sponsored ADR | 1.46% | 1,855,826 | $234.0M | Add +20.4% |
| TS Tenaris SA-ADR | 1.40% | 7,360,076 | $224.6M | Reduce -2.3% |
| PGR Progressive Corp. | 1.28% | 988,795 | $205.4M | Reduce -28.9% |
| SYNA Synaptics Inc. | 1.24% | 2,261,836 | $199.5M | Reduce -0.8% |
| BKNG Booking Holdings Inc. | 1.23% | 49,962 | $197.9M | Reduce -11.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.22% | 1,967,131 | $195.3M | Add +5.6% |
| NTES Netease Inc.-ADR | 1.14% | 1,907,145 | $182.3M | Add +22.9% |
| ALNY Alnylam Pharmaceuticals Inc. | 1.09% | 721,053 | $175.2M | New |
| RUN Sunrun Inc. | 1.03% | 13,895,650 | $164.8M | Reduce -2.4% |
| KMI Kinder Morgan Inc. | 0.97% | 7,822,976 | $155.4M | Reduce -1.5% |
| FNV Franco-Nevada Corp. | 0.80% | 1,088,093 | $129.0M | Add +35.9% |
| VIPS Vipshop Holdings Ltd. - ADR | 0.56% | 6,852,011 | $89.2M | Add +11.1% |
| BUR Burford Capital Ltd. | 0.51% | 6,225,807 | $81.2M | Add +5.4% |
| B Barrick Gold Corp. | 0.50% | 4,826,087 | $80.5M | Add +15.0% |
| GFI Gold Fields Ltd.-Spons ADR | 0.46% | 5,008,673 | $74.6M | Add +35.5% |
| ASAIY Sendas Distribuidora SA | 0.39% | 6,783,358 | $63.1M | No change |
| WPM Wheaton Precious Metals Corp. | 0.38% | 1,150,028 | $60.3M | Reduce -40.2% |
| IQ Iqiyi Inc.-ADR | 0.36% | 15,721,715 | $57.7M | New |
| BORR Borr Drilling Ltd. | 0.35% | 8,813,805 | $56.8M | Add +4.9% |
| PTLO Portillo's Inc. Class A | 0.33% | 5,450,570 | $53.0M | Add +0.8% |
| MAR Marriott International Class A | 0.31% | 205,513 | $49.7M | No change |
| IMAX Imax Corp. | 0.31% | 2,922,180 | $49.0M | New |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 0.30% | 837,397 | $47.4M | Add +5.7% |
| ACGL Arch Capital Group Ltd. | 0.29% | 468,703 | $47.3M | Reduce -13.9% |
| CHD Church & Dwight Co. Inc. | 0.29% | 446,669 | $46.3M | Reduce -18.4% |
| CRC California Resources Corp. | 0.27% | 801,275 | $42.6M | Add +2.1% |
| FSV Firstservice Corp. | 0.26% | 270,751 | $41.3M | Add +30.2% |
| HDB HDFC Bank Ltd.-ADR | 0.26% | 639,726 | $41.2M | Add +47.4% |
| GLNG Golar LNG Ltd. | 0.26% | 1,312,046 | $41.1M | Reduce -57.0% |
| MTZ Mastec Inc. | 0.25% | 371,435 | $39.7M | Reduce -51.2% |
| DAO Youdao Inc. - ADR | 0.23% | 9,565,293 | $37.5M | Reduce -6.5% |
| HLT Hilton Worldwide Holdings Inc. | 0.20% | 145,320 | $31.7M | Add +15.1% |
| ICLR Icon PLC | 0.19% | 99,094 | $31.1M | New |
| INTC Intel Corp. | 0.19% | 981,540 | $30.4M | Reduce -92.2% |
| BN Brookfield Corp. | 0.17% | 650,219 | $27.0M | Add +1.3% |
| MSFT Microsoft Corp. | 0.17% | 60,395 | $27.0M | Add +5.3% |
| HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I | 0.15% | 2,060,637 | $24.6M | Reduce -15.0% |
| GNRC Generac Holdings Inc. | 0.14% | 174,609 | $23.1M | Add +1.0% |
| ATKR Atkore Inc. | 0.14% | 163,109 | $22.0M | New |
| TSM Taiwan Semiconductor-SP ADR | 0.13% | 120,402 | $20.9M | Reduce -57.8% |
| SHG Shinhan Financial Group-ADR | 0.12% | 541,560 | $18.9M | Add +13.1% |
| AMZN Amazon.com Inc. | 0.11% | 93,361 | $18.0M | Reduce -38.7% |
| NAVI Navient Corp. | 0.11% | 1,225,610 | $17.8M | Add +23.3% |
| TECK Teck Resources Ltd.-CLS B | 0.11% | 353,003 | $16.9M | Reduce -6.5% |
| WRK Westrock Co. | 0.09% | 280,317 | $14.1M | Reduce -1.0% |
| CMCL Caledonia Mining Corp. PLC | 0.09% | 1,429,970 | $13.9M | Reduce -20.8% |
| PAYC Paycom Software Inc. | 0.08% | 88,188 | $12.6M | New |
| MCS Marcus Corporation | 0.05% | 771,710 | $8.8M | Add +33.2% |
| ABEV Ambev SA-ADR | 0.03% | 2,105,939 | $4.3M | New |
| MS Morgan Stanley | 0.01% | 19,800 | $1.9M | New |
| ORLY O'reilly Automotive Inc. | 0.00% | 191 | $202K | No change |
| NBIS Nebius Group NV filed as YANDEX N V | 0.00% | 3,056,164 | $0 | No change |
Portfolio Sells Q1 2024 → Q2 2024
| INTC Intel Corp. | Reduce -92.2% | 0.19% | −3.13 |
| CPAY Corpay Inc. | Reduce -6.3% | 7.06% | −1.33 |
| ABNB Airbnb Inc. Class A | Sold out | 0.00% | −1.30 |
| MU Micron Technology Inc. | Reduce -32.7% | 2.30% | −0.65 |
| PGR Progressive Corp. | Reduce -28.9% | 1.28% | −0.44 |
| HWM Howmet Aerospace Inc. | Reduce -33.2% | 1.61% | −0.43 |
| XPO Xpo Inc. | Reduce -3.1% | 2.75% | −0.39 |
| TS Tenaris SA-ADR | Reduce -2.3% | 1.40% | −0.37 |
| CEG Constellation Energy | Reduce -19.5% | 3.11% | −0.32 |
| CNH CNH Industrial NV | Sold out | 0.00% | −0.30 |
| GLNG Golar LNG Ltd. | Reduce -57.0% | 0.26% | −0.18 |
| MTZ Mastec Inc. | Reduce -51.2% | 0.25% | −0.18 |
| WPM Wheaton Precious Metals Corp. | Reduce -40.2% | 0.38% | −0.17 |
| GXO Gxo Logistics Inc. | Reduce -1.3% | 4.44% | −0.17 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -57.8% | 0.13% | −0.10 |
| RUN Sunrun Inc. | Reduce -2.4% | 1.03% | −0.10 |
| SYNA Synaptics Inc. | Reduce -0.8% | 1.24% | −0.09 |
| GOOG Alphabet Inc. Class C | Reduce -23.7% | 1.88% | −0.09 |
| CHD Church & Dwight Co. Inc. | Reduce -18.4% | 0.29% | −0.05 |
| AMZN Amazon.com Inc. | Reduce -38.7% | 0.11% | −0.05 |
| CMCL Caledonia Mining Corp. PLC | Reduce -20.8% | 0.09% | −0.03 |
| DAO Youdao Inc. - ADR | Reduce -6.5% | 0.23% | −0.01 |
| SMFG Sumitomo Mitsui-Spons ADR | Sold out | 0.00% | −0.01 |
| ACGL Arch Capital Group Ltd. | Reduce -13.9% | 0.29% | −0.01 |
| HOS Hornbeck Offshore Services I | Reduce -15.0% | 0.15% | −0.00 |
| TECK Teck Resources Ltd.-CLS B | Reduce -6.5% | 0.11% | +0.00 |
| WRK Westrock Co. | Reduce -1.0% | 0.09% | +0.00 |
| BKNG Booking Holdings Inc. | Reduce -11.6% | 1.23% | +0.00 |
| BTI British American Tob-SP ADR | Reduce -2.0% | 2.39% | +0.08 |
| KMI Kinder Morgan Inc. | Reduce -1.5% | 0.97% | +0.10 |
| ELV Elevance Health Inc. | Reduce -3.6% | 3.12% | +0.14 |
| TXN Texas Instruments Inc. | Reduce -2.9% | 1.67% | +0.19 |
| GOOGL Alphabet Inc. Class A | Reduce -6.4% | 2.63% | +0.39 |
| IBKR Interactive Brokers Gro Class A | Reduce -2.4% | 5.32% | +0.55 |
Portfolio Buys Q1 2024 → Q2 2024
| UNH Unitedhealth Group Inc. | Add +29.9% | 7.47% | +2.10 |
| NEM Newmont Corp. | Add +1311.5% | 1.54% | +1.45 |
| ALNY Alnylam Pharmaceuticals Inc. | New | 1.09% | +1.09 |
| RXO Rxo Inc. | Add +4.0% | 2.90% | +0.66 |
| SHEL Shell PLC-ADR | Add +1.5% | 4.71% | +0.57 |
| RNR Renaissancere Holdings Ltd. | Add +14.6% | 3.79% | +0.45 |
| CNK Cinemark Holdings Inc. | Add +2.4% | 1.80% | +0.40 |
| MSI Motorola Solutions Inc. | Add +4.4% | 2.37% | +0.36 |
| IQ Iqiyi Inc.-ADR | New | 0.36% | +0.36 |
| IMAX Imax Corp. | New | 0.31% | +0.31 |
| NE Noble Corp. PLC | Add +20.8% | 2.11% | +0.29 |
| FNV Franco-Nevada Corp. | Add +35.9% | 0.80% | +0.23 |
| ICLR Icon PLC | New | 0.19% | +0.19 |
| GLD SPDR Gold Shares | Add +5.0% | 1.54% | +0.19 |
| NTES Netease Inc.-ADR | Add +22.9% | 1.14% | +0.17 |
| ATKR Atkore Inc. | New | 0.14% | +0.14 |
| GFI Gold Fields Ltd.-Spons ADR | Add +35.5% | 0.46% | +0.11 |
| HDB HDFC Bank Ltd.-ADR | Add +47.4% | 0.26% | +0.11 |
| VAL Valaris Ltd. | Add +0.7% | 2.70% | +0.10 |
| DEO Diageo PLC-Sponsored ADR | Add +20.4% | 1.46% | +0.08 |
| B Barrick Gold Corp. | Add +15.0% | 0.50% | +0.08 |
| PAYC Paycom Software Inc. | New | 0.08% | +0.08 |
| AES AES Corp. | Add +1.0% | 2.56% | +0.07 |
| FSV Firstservice Corp. | Add +30.2% | 0.26% | +0.05 |
| KB KB Financial Group Inc.-ADR | Add +5.7% | 0.30% | +0.05 |
| HLT Hilton Worldwide Holdings Inc. | Add +15.1% | 0.20% | +0.04 |
| ABEV Ambev SA-ADR | New | 0.03% | +0.03 |
| MSFT Microsoft Corp. | Add +5.3% | 0.17% | +0.02 |
| WLK Westlake Corp. | Add +2.4% | 2.51% | +0.02 |
| SHG Shinhan Financial Group-ADR | Add +13.1% | 0.12% | +0.02 |
| GNRC Generac Holdings Inc. | Add +1.0% | 0.14% | +0.01 |
| MS Morgan Stanley | New | 0.01% | +0.01 |
| BORR Borr Drilling Ltd. | Add +4.9% | 0.35% | +0.01 |
| NAVI Navient Corp. | Add +23.3% | 0.11% | +0.01 |
| BN Brookfield Corp. | Add +1.3% | 0.17% | +0.01 |
| CRC California Resources Corp. | Add +2.1% | 0.27% | +0.01 |
| MCS Marcus Corporation | Add +33.2% | 0.05% | +0.01 |
| VIPS Vipshop Holdings Ltd. - ADR | Add +11.1% | 0.56% | −0.06 |
| BUR Burford Capital Ltd. | Add +5.4% | 0.51% | −0.06 |
| PTLO Portillo's Inc. Class A | Add +0.8% | 0.33% | −0.13 |
| DIS The Walt Disney Co. | Add +5.6% | 1.22% | −0.15 |
| GPN Global Payments Inc. | Add +9.7% | 3.74% | −0.79 |
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 |