Orbis Allan Gray Ltd
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Orbis Allan Gray Ltd reported 81 stock positions worth $18.9 billion. Its top holding was Qxo (QXO) at 9.1% of the portfolio, followed by Unitedhealth (UNH, 7.0%) and Corpay (CPAY, 6.9%). Compared with Q2 2024, it opened 9 new positions, sold out of 5, added to 31 and reduced 38. The biggest buy was a new position in Qxo (QXO) and the biggest sale Constellation Energy (CEG, shares −82%).
- Most Recent 13F
- Q2 2026
- Location
- HamiltoN, D0
- CIK
- 0001663865
- Portfolio Value
- $18.9B (Q3 2024)
- SEC Filing
- 0001085146-24-005815 ↗ filed Nov 14, 2024
Holdings Value
Holdings 81 stocks · $18.9B
| QXO Qxo Inc. | 9.14% | 109,409,191 | $1.7B | New |
| UNH Unitedhealth Group Inc. | 6.99% | 2,257,855 | $1.3B | Reduce -4.1% |
| CPAY Corpay Inc. | 6.91% | 4,171,551 | $1.3B | Reduce -1.9% |
| IBKR Interactive Brokers Gro Class A | 4.80% | 6,503,137 | $906.3M | Reduce -6.6% |
| RXO Rxo Inc. | 4.23% | 28,561,230 | $799.7M | Add +60.6% |
| RNR Renaissancere Holdings Ltd. | 4.09% | 2,837,440 | $772.9M | Add +4.2% |
| GXO Gxo Logistics Inc. | 3.89% | 14,111,978 | $734.8M | Reduce -0.1% |
| SHEL Shell PLC-ADR | 3.43% | 9,822,965 | $647.8M | Reduce -6.3% |
| GPN Global Payments Inc. | 3.39% | 6,258,522 | $641.0M | Add +0.7% |
| NEM Newmont Corp. | 2.60% | 9,200,058 | $491.7M | Add +55.9% |
| AES AES Corp. | 2.51% | 23,586,494 | $473.1M | Add +0.8% |
| ELV Elevance Health Inc. | 2.49% | 904,897 | $470.5M | Reduce -2.1% |
| TXN Texas Instruments Inc. | 2.35% | 2,149,826 | $444.1M | Add +56.1% |
| XPO Xpo Inc. | 2.19% | 3,841,399 | $413.0M | Reduce -7.7% |
| KMI Kinder Morgan Inc. | 2.14% | 18,270,089 | $403.6M | Add +133.5% |
| CNK Cinemark Holdings Inc. | 1.96% | 13,267,658 | $369.4M | Reduce -0.8% |
| MSI Motorola Solutions Inc. | 1.93% | 810,229 | $364.3M | Reduce -17.9% |
| GOOGL Alphabet Inc. Class A | 1.89% | 2,153,805 | $357.2M | Reduce -7.0% |
| ALNY Alnylam Pharmaceuticals Inc. | 1.85% | 1,268,112 | $348.8M | Add +75.9% |
| NTES Netease Inc.-ADR | 1.72% | 3,481,212 | $325.5M | Add +82.5% |
| BIDU Baidu Inc. - Spon ADR | 1.66% | 2,974,571 | $313.2M | New |
| BTI British American Tob-SP ADR | 1.59% | 8,217,429 | $300.6M | Reduce -33.6% |
| MU Micron Technology Inc. | 1.56% | 2,847,320 | $295.3M | Add +1.3% |
| VAL Valaris Ltd. | 1.53% | 5,172,821 | $288.4M | Reduce -11.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.49% | 2,935,091 | $282.3M | Add +49.2% |
| DEO Diageo PLC-Sponsored ADR | 1.47% | 1,980,951 | $278.0M | Add +6.7% |
| GOOG Alphabet Inc. Class C | 1.46% | 1,649,047 | $275.7M | No change |
| GLD SPDR Gold Shares | 1.44% | 1,115,066 | $271.0M | Reduce -3.1% |
| WLK Westlake Corp. | 1.41% | 1,770,672 | $266.1M | Reduce -36.3% |
| NE Noble Corp. PLC | 1.33% | 6,964,718 | $251.7M | Reduce -8.3% |
| BKNG Booking Holdings Inc. | 1.26% | 56,539 | $238.1M | Add +13.2% |
| RUN Sunrun Inc. | 1.08% | 11,247,150 | $203.1M | Reduce -19.1% |
| SYNA Synaptics Inc. | 0.93% | 2,264,211 | $175.7M | Add +0.1% |
| FNV Franco-Nevada Corp. | 0.71% | 1,084,582 | $134.8M | Reduce -0.3% |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.68% | 19,248,471 | $128.0M | New |
| CEG Constellation Energy | 0.61% | 443,589 | $115.3M | Reduce -82.2% |
| B Barrick Gold Corp. | 0.57% | 5,398,692 | $107.4M | Add +11.9% |
| VIPS Vipshop Holdings Ltd. - ADR | 0.47% | 5,645,116 | $88.8M | Reduce -17.6% |
| FSV Firstservice Corp. | 0.47% | 482,255 | $88.0M | Add +78.1% |
| BUR Burford Capital Ltd. | 0.45% | 6,396,019 | $84.8M | Add +2.7% |
| GFI Gold Fields Ltd.-Spons ADR | 0.44% | 5,448,411 | $83.6M | Add +8.8% |
| PTLO Portillo's Inc. Class A | 0.41% | 5,732,489 | $77.2M | Add +5.2% |
| WPM Wheaton Precious Metals Corp. | 0.41% | 1,261,756 | $77.1M | Add +9.7% |
| MAR Marriott International Class A | 0.39% | 295,891 | $73.6M | Add +44.0% |
| G Genpact Ltd. | 0.36% | 1,739,059 | $68.2M | New |
| IMAX Imax Corp. | 0.33% | 3,045,103 | $62.5M | Add +4.2% |
| CRC California Resources Corp. | 0.32% | 1,145,967 | $60.1M | Add +43.0% |
| SE Sea Ltd.-ADR | 0.31% | 614,522 | $57.9M | New |
| TS Tenaris SA-ADR | 0.30% | 1,779,017 | $56.6M | Reduce -75.8% |
| ACGL Arch Capital Group Ltd. | 0.28% | 468,703 | $52.4M | No change |
| IQ Iqiyi Inc.-ADR | 0.27% | 17,663,971 | $50.5M | Add +12.3% |
| ASAIY Sendas Distribuidora SA | 0.25% | 6,887,254 | $47.4M | Add +1.5% |
| BORR Borr Drilling Ltd. | 0.24% | 8,317,923 | $45.7M | Reduce -5.6% |
| MTZ Mastec Inc. | 0.23% | 358,813 | $44.2M | Reduce -3.4% |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 0.23% | 700,654 | $43.3M | Reduce -16.3% |
| GMAB Genmab A/S -SP ADR | 0.22% | 1,676,793 | $40.9M | New |
| DAO Youdao Inc. - ADR | 0.21% | 9,390,344 | $39.0M | Reduce -1.8% |
| R Ryder System Inc. | 0.20% | 258,157 | $37.6M | New |
| BN Brookfield Corp. | 0.19% | 669,693 | $35.6M | Add +3.0% |
| GNRC Generac Holdings Inc. | 0.18% | 219,758 | $34.9M | Add +25.9% |
| HDB HDFC Bank Ltd.-ADR | 0.18% | 556,817 | $34.8M | Reduce -13.0% |
| V Visa Inc. Class A | 0.14% | 94,638 | $26.0M | New |
| NAVI Navient Corp. | 0.12% | 1,488,681 | $23.2M | Add +21.5% |
| HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I | 0.11% | 1,797,473 | $20.0M | Reduce -12.8% |
| INTC Intel Corp. | 0.10% | 798,505 | $18.7M | Reduce -18.6% |
| HWM Howmet Aerospace Inc. | 0.10% | 180,260 | $18.1M | Reduce -94.6% |
| MSFT Microsoft Corp. | 0.09% | 39,079 | $16.8M | Reduce -35.3% |
| HLT Hilton Worldwide Holdings Inc. | 0.09% | 72,788 | $16.8M | Reduce -49.9% |
| CHD Church & Dwight Co. Inc. | 0.09% | 158,375 | $16.6M | Reduce -64.5% |
| MCS Marcus Corporation | 0.09% | 1,091,389 | $16.4M | Add +41.4% |
| ATKR Atkore Inc. | 0.08% | 182,844 | $15.5M | Add +12.1% |
| SW Smurfit Westrock PLC | 0.07% | 255,925 | $12.6M | New |
| AMZN Amazon.com Inc. | 0.07% | 67,878 | $12.6M | Reduce -27.3% |
| SHG Shinhan Financial Group-ADR | 0.06% | 287,697 | $12.2M | Reduce -46.9% |
| CMCL Caledonia Mining Corp. PLC | 0.06% | 782,501 | $11.7M | Reduce -45.3% |
| PAYC Paycom Software Inc. | 0.04% | 48,215 | $8.0M | Reduce -45.3% |
| MS Morgan Stanley | 0.04% | 71,672 | $7.5M | Add +262.0% |
| PGR Progressive Corp. | 0.03% | 24,796 | $6.3M | Reduce -97.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.02% | 16,958 | $2.9M | Reduce -85.9% |
| ICLR Icon PLC | 0.01% | 7,029 | $2.0M | Reduce -92.9% |
| NBIS Nebius Group NV | 0.00% | 3,056,164 | $0 | No change |
Portfolio Sells Q2 2024 → Q3 2024
| CEG Constellation Energy | Reduce -82.2% | 0.61% | −2.50 |
| HWM Howmet Aerospace Inc. | Reduce -94.6% | 0.10% | −1.51 |
| SHEL Shell PLC-ADR | Reduce -6.3% | 3.43% | −1.28 |
| PGR Progressive Corp. | Reduce -97.5% | 0.03% | −1.25 |
| VAL Valaris Ltd. | Reduce -11.1% | 1.53% | −1.17 |
| TS Tenaris SA-ADR | Reduce -75.8% | 0.30% | −1.10 |
| WLK Westlake Corp. | Reduce -36.3% | 1.41% | −1.10 |
| BTI British American Tob-SP ADR | Reduce -33.6% | 1.59% | −0.79 |
| NE Noble Corp. PLC | Reduce -8.3% | 1.33% | −0.78 |
| GOOGL Alphabet Inc. Class A | Reduce -7.0% | 1.89% | −0.74 |
| ELV Elevance Health Inc. | Reduce -2.1% | 2.49% | −0.63 |
| XPO Xpo Inc. | Reduce -7.7% | 2.19% | −0.57 |
| GXO Gxo Logistics Inc. | Reduce -0.1% | 3.89% | −0.55 |
| IBKR Interactive Brokers Gro Class A | Reduce -6.6% | 4.80% | −0.52 |
| UNH Unitedhealth Group Inc. | Reduce -4.1% | 6.99% | −0.48 |
| MSI Motorola Solutions Inc. | Reduce -17.9% | 1.93% | −0.44 |
| GLNG Golar LNG Ltd. | Sold out | 0.00% | −0.26 |
| CHD Church & Dwight Co. Inc. | Reduce -64.5% | 0.09% | −0.20 |
| ICLR Icon PLC | Reduce -92.9% | 0.01% | −0.18 |
| CPAY Corpay Inc. | Reduce -1.9% | 6.91% | −0.15 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -85.9% | 0.02% | −0.11 |
| BORR Borr Drilling Ltd. | Reduce -5.6% | 0.24% | −0.11 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -49.9% | 0.09% | −0.11 |
| GLD SPDR Gold Shares | Reduce -3.1% | 1.44% | −0.11 |
| TECK Teck Resources Ltd.-CLS B | Sold out | 0.00% | −0.11 |
| INTC Intel Corp. | Reduce -18.6% | 0.10% | −0.09 |
| FNV Franco-Nevada Corp. | Reduce -0.3% | 0.71% | −0.09 |
| WRK Westrock Co. | Sold out | 0.00% | −0.09 |
| VIPS Vipshop Holdings Ltd. - ADR | Reduce -17.6% | 0.47% | −0.09 |
| MSFT Microsoft Corp. | Reduce -35.3% | 0.09% | −0.08 |
| HDB HDFC Bank Ltd.-ADR | Reduce -13.0% | 0.18% | −0.07 |
| KB KB Financial Group Inc.-ADR | Reduce -16.3% | 0.23% | −0.07 |
| SHG Shinhan Financial Group-ADR | Reduce -46.9% | 0.06% | −0.05 |
| HOS Hornbeck Offshore Services I | Reduce -12.8% | 0.11% | −0.05 |
| AMZN Amazon.com Inc. | Reduce -27.3% | 0.07% | −0.05 |
| PAYC Paycom Software Inc. | Reduce -45.3% | 0.04% | −0.04 |
| DAO Youdao Inc. - ADR | Reduce -1.8% | 0.21% | −0.03 |
| ABEV Ambev SA-ADR | Sold out | 0.00% | −0.03 |
| CMCL Caledonia Mining Corp. PLC | Reduce -45.3% | 0.06% | −0.02 |
| MTZ Mastec Inc. | Reduce -3.4% | 0.23% | −0.01 |
| ORLY O'reilly Automotive Inc. | Sold out | 0.00% | −0.00 |
| RUN Sunrun Inc. | Reduce -19.1% | 1.08% | +0.05 |
| CNK Cinemark Holdings Inc. | Reduce -0.8% | 1.96% | +0.15 |
Portfolio Buys Q2 2024 → Q3 2024
| QXO Qxo Inc. | New | 9.14% | +9.14 |
| BIDU Baidu Inc. - Spon ADR | New | 1.66% | +1.66 |
| RXO Rxo Inc. | Add +60.6% | 4.23% | +1.34 |
| KMI Kinder Morgan Inc. | Add +133.5% | 2.14% | +1.17 |
| NEM Newmont Corp. | Add +55.9% | 2.60% | +1.06 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +75.9% | 1.85% | +0.76 |
| TXN Texas Instruments Inc. | Add +56.1% | 2.35% | +0.68 |
| ITUB Itau Unibanco H-Spon PRF ADR | New | 0.68% | +0.68 |
| NTES Netease Inc.-ADR | Add +82.5% | 1.72% | +0.59 |
| G Genpact Ltd. | New | 0.36% | +0.36 |
| SE Sea Ltd.-ADR | New | 0.31% | +0.31 |
| RNR Renaissancere Holdings Ltd. | Add +4.2% | 4.09% | +0.30 |
| DIS The Walt Disney Co. | Add +49.2% | 1.49% | +0.28 |
| GMAB Genmab A/S -SP ADR | New | 0.22% | +0.22 |
| FSV Firstservice Corp. | Add +78.1% | 0.47% | +0.21 |
| R Ryder System Inc. | New | 0.20% | +0.20 |
| V Visa Inc. Class A | New | 0.14% | +0.14 |
| MAR Marriott International Class A | Add +44.0% | 0.39% | +0.08 |
| PTLO Portillo's Inc. Class A | Add +5.2% | 0.41% | +0.08 |
| B Barrick Gold Corp. | Add +11.9% | 0.57% | +0.07 |
| SW Smurfit Westrock PLC | New | 0.07% | +0.07 |
| CRC California Resources Corp. | Add +43.0% | 0.32% | +0.05 |
| GNRC Generac Holdings Inc. | Add +25.9% | 0.18% | +0.04 |
| WPM Wheaton Precious Metals Corp. | Add +9.7% | 0.41% | +0.03 |
| MCS Marcus Corporation | Add +41.4% | 0.09% | +0.03 |
| BKNG Booking Holdings Inc. | Add +13.2% | 1.26% | +0.03 |
| MS Morgan Stanley | Add +262.0% | 0.04% | +0.03 |
| IMAX Imax Corp. | Add +4.2% | 0.33% | +0.03 |
| BN Brookfield Corp. | Add +3.0% | 0.19% | +0.02 |
| DEO Diageo PLC-Sponsored ADR | Add +6.7% | 1.47% | +0.01 |
| NAVI Navient Corp. | Add +21.5% | 0.12% | +0.01 |
| GFI Gold Fields Ltd.-Spons ADR | Add +8.8% | 0.44% | −0.02 |
| ATKR Atkore Inc. | Add +12.1% | 0.08% | −0.06 |
| AES AES Corp. | Add +0.8% | 2.51% | −0.06 |
| BUR Burford Capital Ltd. | Add +2.7% | 0.45% | −0.06 |
| IQ Iqiyi Inc.-ADR | Add +12.3% | 0.27% | −0.09 |
| ASAIY Sendas Distribuidora SA | Add +1.5% | 0.25% | −0.14 |
| SYNA Synaptics Inc. | Add +0.1% | 0.93% | −0.31 |
| GPN Global Payments Inc. | Add +0.7% | 3.39% | −0.35 |
| MU Micron Technology Inc. | Add +1.3% | 1.56% | −0.74 |
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 |