Orbis Allan Gray Ltd
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Orbis Allan Gray Ltd reported 91 stock positions worth $23.7 billion. Its top holding was Corpay (CPAY) at 6.6% of the portfolio, followed by Qxo (QXO, 6.1%) and Nebius (NBIS, 3.6%). Compared with Q4 2025, it opened 10 new positions, sold out of 8, added to 43 and reduced 34. The biggest buy was Eqt (EQT, shares +248%) and the biggest sale an exit from Unitedhealth (UNH).
- Most Recent 13F
- Q2 2026
- Location
- HamiltoN, D0
- CIK
- 0001663865
- Portfolio Value
- $23.7B (Q1 2026)
- SEC Filing
- 0001663865-26-000003 ↗ filed May 15, 2026
Holdings Value
Holdings 91 stocks · $23.7B
| CPAY Corpay Inc. | 6.56% | 5,345,425 | $1.6B | Add +7.2% |
| QXO Qxo Inc. | 6.06% | 73,951,325 | $1.4B | Reduce -13.5% |
| NBIS Nebius Group NV | 3.64% | 8,314,766 | $862.7M | Add +149.3% |
| MSI Motorola Solutions Inc. | 3.42% | 1,869,937 | $811.5M | Add +45.7% |
| PRAX Praxis Precision Medicines I | 3.36% | 2,472,480 | $796.6M | Add +97.0% |
| EQT Eqt Corp. | 3.25% | 12,112,733 | $770.9M | Add +248.2% |
| GOOGL Alphabet Inc. Class A | 3.05% | 2,513,283 | $722.7M | Reduce -5.7% |
| GXO Gxo Logistics Inc. | 2.94% | 13,424,844 | $696.1M | No change |
| XPO Xpo Inc. | 2.80% | 3,409,092 | $663.2M | Reduce -6.7% |
| BRKR Bruker Corp. | 2.73% | 17,940,076 | $648.0M | Add +20.4% |
| WLK Westlake Corp. | 2.61% | 5,293,519 | $618.4M | Add +20.7% |
| ITUB Itau Unibanco H-Spon PRF ADR | 2.45% | 69,269,672 | $580.5M | Reduce -15.2% |
| STE Steris PLC | 2.42% | 2,592,912 | $573.4M | Add +15.3% |
| NEM Newmont Corp. | 2.36% | 5,170,675 | $559.7M | Reduce -18.2% |
| FSV Firstservice Corp. | 2.33% | 3,968,227 | $551.3M | Add +99.9% |
| SW Smurfit Westrock PLC | 2.32% | 13,775,054 | $548.9M | Reduce -1.3% |
| RXO Rxo Inc. | 2.24% | 36,397,974 | $532.1M | Add +5.0% |
| BTI British American Tob-SP ADR | 1.90% | 7,705,968 | $450.6M | Reduce -17.1% |
| ALNY Alnylam Pharmaceuticals Inc. | 1.86% | 1,334,825 | $441.7M | Reduce -17.5% |
| CNK Cinemark Holdings Inc. | 1.81% | 15,057,911 | $429.5M | No change |
| CX Cemex Sab-Spons ADR Part Cer | 1.79% | 37,142,422 | $424.9M | Add +2.8% |
| IBKR Interactive Brokers Gro Class A | 1.73% | 6,118,045 | $410.3M | Reduce -34.0% |
| NTES Netease Inc.-ADR | 1.69% | 3,584,478 | $401.2M | Add +5.8% |
| SHEL Shell PLC-ADR | 1.61% | 4,113,710 | $382.6M | Add +178.6% |
| KMI Kinder Morgan Inc. | 1.60% | 11,308,464 | $379.2M | Add +7.2% |
| NVDA Nvidia Corp. | 1.54% | 2,089,904 | $364.5M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.52% | 3,734,888 | $360.0M | Add +4.8% |
| GMAB Genmab A/S -SP ADR | 1.46% | 12,925,578 | $346.8M | Reduce -10.3% |
| BKNG Booking Holdings Inc. | 1.31% | 73,772 | $310.6M | Add +139.9% |
| VALE Vale SA-SP ADR | 1.30% | 19,372,500 | $308.2M | Add +6.2% |
| INSM Insmed Inc. | 1.29% | 1,872,824 | $306.2M | Reduce -55.2% |
| CRSP Crispr Therapeutics AG | 1.23% | 6,106,011 | $290.5M | Add +2.6% |
| DEO Diageo PLC-Sponsored ADR | 1.16% | 3,700,094 | $275.5M | Add +113.0% |
| FNV Franco-Nevada Corp. | 1.12% | 1,079,439 | $266.7M | Reduce -23.4% |
| B Barrick Mining Corp. | 1.04% | 6,020,532 | $245.6M | Reduce -9.9% |
| AR Antero Resources Corp. | 0.87% | 4,872,046 | $206.8M | Add +554.8% |
| SRRK Scholar Rock Holding Corp. | 0.87% | 4,179,983 | $205.5M | Add +21.9% |
| GLD SPDR Gold Shares | 0.86% | 473,850 | $203.9M | Reduce -9.5% |
| TBBB BBB Foods Inc. Class A | 0.84% | 5,646,435 | $199.7M | Add +71.7% |
| IMAX Imax Corp. | 0.83% | 5,151,721 | $195.8M | No change |
| RNR Renaissancere Holdings Ltd. | 0.81% | 648,479 | $192.7M | Add +2.1% |
| RHI Robert Half Inc. | 0.81% | 7,545,564 | $191.7M | New |
| PDD PDD Holdings Inc. | 0.75% | 1,744,048 | $178.2M | Add +49.3% |
| AES AES Corp. | 0.73% | 12,247,581 | $172.6M | Reduce -42.5% |
| SE Sea Ltd.-ADR | 0.64% | 1,844,162 | $152.7M | Reduce -32.1% |
| CRC California Resources Corp. | 0.64% | 2,177,565 | $150.7M | Add +13.0% |
| R Ryder System Inc. | 0.61% | 711,714 | $145.7M | Reduce -27.0% |
| EAT Brinker International Inc. | 0.56% | 927,512 | $132.4M | New |
| DYN Dyne Therapeutics Inc. | 0.52% | 6,762,231 | $122.6M | Add +40.8% |
| RRC Range Resources Corp. | 0.52% | 2,706,746 | $122.3M | New |
| SYNA Synaptics Inc. | 0.49% | 1,659,015 | $116.2M | Add +8.0% |
| ENB Enbridge Inc. | 0.38% | 1,671,788 | $90.5M | Add +16.1% |
| VIPS Vipshop Holdings Ltd. - ADR | 0.35% | 5,217,165 | $82.0M | Reduce -51.8% |
| CARG Cargurus Inc. | 0.34% | 2,333,259 | $79.4M | New |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.33% | 5,482,567 | $78.8M | Add +39.7% |
| WPM Wheaton Precious Metals Corp. | 0.29% | 522,797 | $68.5M | Reduce -48.9% |
| EDU New Oriental Educatio-SP ADR | 0.28% | 1,170,951 | $66.3M | Add +39.8% |
| DAO Youdao Inc. - ADR | 0.28% | 6,738,724 | $66.2M | Reduce -3.0% |
| GFI Gold Fields Ltd.-Spons ADR | 0.28% | 1,443,998 | $65.6M | Reduce -41.3% |
| MICC The Magnum Ice Cream Co. NV | 0.27% | 4,254,860 | $63.6M | Add +850.6% |
| BWXT BWX Technologies Inc. | 0.26% | 298,373 | $61.0M | Reduce -3.6% |
| ON On Semiconductor | 0.25% | 951,446 | $58.9M | Add +12.5% |
| BUR Burford Capital Ltd. | 0.25% | 13,020,448 | $58.9M | Add +8.0% |
| ELV Elevance Health Inc. | 0.23% | 183,191 | $53.6M | Reduce -85.3% |
| AM Antero Midstream Corp. | 0.22% | 2,262,431 | $51.6M | Add +60.5% |
| NKE Nike Inc. Class B | 0.21% | 947,893 | $50.1M | Add +41.0% |
| MAR Marriott International Class A | 0.21% | 148,713 | $48.6M | Reduce -52.0% |
| EME Emcor Group Inc. | 0.19% | 61,127 | $45.1M | Add +16.0% |
| HDB HDFC Bank Ltd.-ADR | 0.19% | 1,787,896 | $44.5M | Add +155.1% |
| BAH Booz Allen Hamilton Holdings | 0.18% | 558,577 | $43.6M | Reduce -1.6% |
| GNRC Generac Holdings Inc. | 0.17% | 209,631 | $40.9M | Add +3.7% |
| TRU Transunion | 0.17% | 584,722 | $40.5M | New |
| PTLO Portillo's Inc. Class A | 0.16% | 7,068,224 | $37.4M | Add +1.1% |
| IQV Iqvia Holdings Inc. | 0.16% | 218,248 | $37.2M | Reduce -88.5% |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 0.15% | 360,611 | $36.0M | Reduce -4.8% |
| AU Anglogold Ashanti PLC | 0.15% | 365,003 | $35.5M | Reduce -14.7% |
| SLGN Silgan Holdings Inc. | 0.15% | 900,180 | $34.9M | Add +1.3% |
| MCS Marcus Corporation | 0.14% | 1,962,585 | $33.7M | Add +2.4% |
| FBIN Fortune Brands Innovations I | 0.13% | 774,529 | $30.2M | Reduce -89.3% |
| HNRG Hallador Energy Co. | 0.12% | 1,759,811 | $28.6M | Add +18.1% |
| NCMI National Cinemedia Inc. | 0.12% | 9,138,042 | $27.9M | Reduce -4.0% |
| AAL American Airlines Group Inc. | 0.10% | 2,195,566 | $23.6M | New |
| MRVL Marvell Technology Inc. | 0.10% | 230,118 | $22.8M | Reduce -74.6% |
| BIDU Baidu Inc. - Spon ADR | 0.09% | 190,705 | $21.2M | Reduce -25.1% |
| MSFT Microsoft Corp. | 0.07% | 45,512 | $16.8M | Add +0.9% |
| CNX CNX Resources Corp. | 0.06% | 343,305 | $13.2M | New |
| LOMA Loma Negra Cia Ind-Spon ADR | 0.05% | 1,051,245 | $11.7M | New |
| MNSO Miniso Group Holding Ltd.-ADR | 0.04% | 576,588 | $9.3M | Reduce -67.8% |
| IRS Irsa -SP ADR filed as IRSA INVERSIONES Y REP S A | 0.03% | 500,575 | $8.1M | New |
| G Genpact Ltd. | 0.03% | 173,581 | $6.5M | Reduce -13.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.01% | 5,044 | $1.7M | No change |
Portfolio Sells Q4 2025 → Q1 2026
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −3.57 |
| ICLR Icon PLC | Sold out | 0.00% | −3.22 |
| INSM Insmed Inc. | Reduce -55.2% | 1.29% | −1.76 |
| IQV Iqvia Holdings Inc. | Reduce -88.5% | 0.16% | −1.64 |
| ELV Elevance Health Inc. | Reduce -85.3% | 0.23% | −1.60 |
| FBIN Fortune Brands Innovations I | Reduce -89.3% | 0.13% | −1.40 |
| QXO Qxo Inc. | Reduce -13.5% | 6.06% | −0.85 |
| ALNY Alnylam Pharmaceuticals Inc. | Reduce -17.5% | 1.86% | −0.83 |
| SE Sea Ltd.-ADR | Reduce -32.1% | 0.64% | −0.81 |
| IBKR Interactive Brokers Gro Class A | Reduce -34.0% | 1.73% | −0.77 |
| AES AES Corp. | Reduce -42.5% | 0.73% | −0.55 |
| BTU Peabody Energy Corp. | Sold out | 0.00% | −0.55 |
| VIPS Vipshop Holdings Ltd. - ADR | Reduce -51.8% | 0.35% | −0.46 |
| GOOGL Alphabet Inc. Class A | Reduce -5.7% | 3.05% | −0.44 |
| GMAB Genmab A/S -SP ADR | Reduce -10.3% | 1.46% | −0.40 |
| OLN Olin Corp. | Sold out | 0.00% | −0.33 |
| BTI British American Tob-SP ADR | Reduce -17.1% | 1.90% | −0.31 |
| NEM Newmont Corp. | Reduce -18.2% | 2.36% | −0.28 |
| MRVL Marvell Technology Inc. | Reduce -74.6% | 0.10% | −0.23 |
| WPM Wheaton Precious Metals Corp. | Reduce -48.9% | 0.29% | −0.22 |
| MAR Marriott International Class A | Reduce -52.0% | 0.21% | −0.20 |
| B Barrick Mining Corp. | Reduce -9.9% | 1.04% | −0.18 |
| GFI Gold Fields Ltd.-Spons ADR | Reduce -41.3% | 0.28% | −0.17 |
| R Ryder System Inc. | Reduce -27.0% | 0.61% | −0.17 |
| MNSO Miniso Group Holding Ltd.-ADR | Reduce -67.8% | 0.04% | −0.10 |
| FNV Franco-Nevada Corp. | Reduce -23.4% | 1.12% | −0.10 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.08 |
| INTC Intel Corp. | Sold out | 0.00% | −0.08 |
| CLBT Cellebrite Di Ltd. | Sold out | 0.00% | −0.05 |
| BIDU Baidu Inc. - Spon ADR | Reduce -25.1% | 0.09% | −0.05 |
| NCMI National Cinemedia Inc. | Reduce -4.0% | 0.12% | −0.04 |
| CMCL Caledonia Mining Corp. PLC | Sold out | 0.00% | −0.02 |
| BAH Booz Allen Hamilton Holdings | Reduce -1.6% | 0.18% | −0.02 |
| DAO Youdao Inc. - ADR | Reduce -3.0% | 0.28% | −0.01 |
| G Genpact Ltd. | Reduce -13.3% | 0.03% | −0.01 |
| GLD SPDR Gold Shares | Reduce -9.5% | 0.86% | −0.01 |
| AU Anglogold Ashanti PLC | Reduce -14.7% | 0.15% | −0.00 |
| ITUB Itau Unibanco H-Spon PRF ADR | Reduce -15.2% | 2.45% | −0.00 |
| KB KB Financial Group Inc.-ADR | Reduce -4.8% | 0.15% | +0.02 |
| BWXT BWX Technologies Inc. | Reduce -3.6% | 0.26% | +0.03 |
| SW Smurfit Westrock PLC | Reduce -1.3% | 2.32% | +0.05 |
| XPO Xpo Inc. | Reduce -6.7% | 2.80% | +0.72 |
Portfolio Buys Q4 2025 → Q1 2026
| EQT Eqt Corp. | Add +248.2% | 3.25% | +2.47 |
| NBIS Nebius Group NV | Add +149.3% | 3.64% | +2.47 |
| PRAX Praxis Precision Medicines I | Add +97.0% | 3.36% | +1.81 |
| NVDA Nvidia Corp. | New | 1.54% | +1.54 |
| MSI Motorola Solutions Inc. | Add +45.7% | 3.42% | +1.36 |
| WLK Westlake Corp. | Add +20.7% | 2.61% | +1.25 |
| SHEL Shell PLC-ADR | Add +178.6% | 1.61% | +1.16 |
| FSV Firstservice Corp. | Add +99.9% | 2.33% | +1.03 |
| RHI Robert Half Inc. | New | 0.81% | +0.81 |
| AR Antero Resources Corp. | Add +554.8% | 0.87% | +0.76 |
| BKNG Booking Holdings Inc. | Add +139.9% | 1.31% | +0.62 |
| EAT Brinker International Inc. | New | 0.56% | +0.56 |
| DEO Diageo PLC-Sponsored ADR | Add +113.0% | 1.16% | +0.53 |
| RRC Range Resources Corp. | New | 0.52% | +0.52 |
| RXO Rxo Inc. | Add +5.0% | 2.24% | +0.41 |
| KMI Kinder Morgan Inc. | Add +7.2% | 1.60% | +0.38 |
| TBBB BBB Foods Inc. Class A | Add +71.7% | 0.84% | +0.38 |
| CARG Cargurus Inc. | New | 0.34% | +0.34 |
| VALE Vale SA-SP ADR | Add +6.2% | 1.30% | +0.30 |
| CRC California Resources Corp. | Add +13.0% | 0.64% | +0.27 |
| CPAY Corpay Inc. | Add +7.2% | 6.56% | +0.27 |
| MICC The Magnum Ice Cream Co. NV | Add +850.6% | 0.27% | +0.24 |
| SRRK Scholar Rock Holding Corp. | Add +21.9% | 0.87% | +0.23 |
| PDD PDD Holdings Inc. | Add +49.3% | 0.75% | +0.20 |
| TRU Transunion | New | 0.17% | +0.17 |
| DYN Dyne Therapeutics Inc. | Add +40.8% | 0.52% | +0.12 |
| AM Antero Midstream Corp. | Add +60.5% | 0.22% | +0.11 |
| AAL American Airlines Group Inc. | New | 0.10% | +0.10 |
| ENB Enbridge Inc. | Add +16.1% | 0.38% | +0.09 |
| EDU New Oriental Educatio-SP ADR | Add +39.8% | 0.28% | +0.09 |
| HDB HDFC Bank Ltd.-ADR | Add +155.1% | 0.19% | +0.08 |
| RNR Renaissancere Holdings Ltd. | Add +2.1% | 0.81% | +0.07 |
| GNRC Generac Holdings Inc. | Add +3.7% | 0.17% | +0.06 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +39.7% | 0.33% | +0.06 |
| ON On Semiconductor | Add +12.5% | 0.25% | +0.06 |
| CNX CNX Resources Corp. | New | 0.06% | +0.06 |
| EME Emcor Group Inc. | Add +16.0% | 0.19% | +0.06 |
| CX Cemex Sab-Spons ADR Part Cer | Add +2.8% | 1.79% | +0.05 |
| LOMA Loma Negra Cia Ind-Spon ADR | New | 0.05% | +0.05 |
| IRS Irsa -SP ADR | New | 0.03% | +0.03 |
| NKE Nike Inc. Class B | Add +41.0% | 0.21% | +0.03 |
| STE Steris PLC | Add +15.3% | 2.42% | +0.03 |
| PTLO Portillo's Inc. Class A | Add +1.1% | 0.16% | +0.02 |
| MCS Marcus Corporation | Add +2.4% | 0.14% | +0.02 |
| SYNA Synaptics Inc. | Add +8.0% | 0.49% | +0.01 |
| HNRG Hallador Energy Co. | Add +18.1% | 0.12% | +0.00 |
| SLGN Silgan Holdings Inc. | Add +1.3% | 0.15% | −0.00 |
| MSFT Microsoft Corp. | Add +0.9% | 0.07% | −0.02 |
| CRSP Crispr Therapeutics AG | Add +2.6% | 1.23% | −0.08 |
| DIS The Walt Disney Co. | Add +4.8% | 1.52% | −0.18 |
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 |