SEC 13F Intelligence

Managers / Q2 2019 · view latest →

Orbis Allan Gray Ltd

CIK 0001663865 · ORBIS HOUSE, 25 FRONT STREET, HAMILTON, 00000 · 1 (441) 232 7006

Reported Value
$13.9B
Q2 2019
Positions
95
Filings on Record
30
2019–present window
Filed
Aug 14, 2019
original filing

Summary

Orbis Allan Gray Ltd reported $13.9B in U.S.-listed holdings across 95 positions for Q2 2019.

Its largest position, NTES, represents 19.0% of the portfolio.

Compared with Q1 2019, the fund opened 5 new positions and exited 5.

Portfolio Metrics

Turnover
+8.2%
vs prior filed quarter
Top-10 Concentration
+69.7%
share of reported value
Largest Position
+19.0%
Netease
New / Exited
5 / 5
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $13.9BQ4 ’18Q1 ’19: $14.7BQ2 ’19: $13.9BQ3 ’19: $13.5BQ4 ’19: $14.3BQ4 ’19Q1 ’20: $10.5BQ2 ’20: $13.3BQ3 ’20: $12.7BQ4 ’20: $13.8BQ4 ’20Q1 ’21: $14.0BQ2 ’21: $15.8BQ3 ’21: $14.6BQ4 ’21: $13.5BQ4 ’21Q1 ’22: $13.7BQ2 ’22: $12.4BQ3 ’22: $12.2BQ4 ’22: $12.6BQ4 ’22Q1 ’23: $12.7BQ2 ’23: $14.0BQ3 ’23: $13.9BQ4 ’23: $15.9BQ4 ’23Q1 ’24: $16.7BQ2 ’24: $16.1BQ3 ’24: $18.9BQ4 ’24: $18.6BQ4 ’24Q1 ’25: $17.5BQ2 ’25: $20.6BQ3 ’25: $23.3BQ4 ’25: $23.9BQ4 ’25Q1 ’26: $23.7Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 60.0%ADR: 36.2%Other: 2.3%ETP: 1.5%
  • Common Stock · 60.0% · $8.3B
  • ADR · 36.2% · $5.0B
  • Other · 2.3% · $321M
  • ETP · 1.5% · $215M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ENSCO ROWAN PLCNEW+6.19M6.19M+$53M$53M
BABAALIBABA GROUP HLDG LTDNEW+36.8K36.8K+$6M$6M
HUMHUMANA INCNEW+6.0K6.0K+$2M$2M
CHVCHEVRON CORP NEWNEW+10.0K10.0K+$1M$1M
MCKMCKESSON CORPNEW+9.2K9.2K+$1M$1M
BMTABRITISH AMERN TOB PLCADDED+3.54M3.95M+$120M$138M
UNHUNITEDHEALTH GROUP INCADDED+778.0K1.25M+$188M$305M
DOEURDIAMOND OFFSHORE DRILLING INADDED+1.82M3.34M+$14M$30M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2019

40 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NTESNETEASE INChistory →SPONSORED ADR19.05%$2.6B10.35M
2ABBVABBVIE INChistory →COM8.98%$1.2B17.15M
3XPOXPO LOGISTICS INChistory →COM8.91%$1.2B21.41M
4ATHMAUTOHOME INChistory →SP ADR RP CL A6.42%$891M10.41M
5CELGCELGENE CORPhistory →COM6.28%$872M9.43M
6METAFACEBOOK INChistory →CL A5.42%$753M3.90M
7ELVANTHEM INChistory →COM4.30%$597M2.12M
8GOOGALPHABET INChistory →CAP STK CL C3.92%$544M503.7K
9VALE S ASPONSORED ADS3.40%$473M35.19M
10SPGIS&P GLOBAL INChistory →COM3.34%$464M2.04M
11DGDOLLAR GEN CORP NEWhistory →COM3.00%$417M3.09M
129990302DAPACHE CORPhistory →COM2.71%$376M12.98M
13BERYEURBERRY GLOBAL GROUP INChistory →COM2.45%$341M6.48M
14ARNCCHFARCONIC INChistory →COM2.28%$317M12.26M
15ITAU UNIBANCO HLDG SASPON ADR REP PFD2.21%$306M32.52M
16UNHUNITEDHEALTH GROUP INChistory →COM2.17%$302M1.24M
17WFCWELLS FARGO CO NEWhistory →COM1.69%$234M4.95M
18TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS1.59%$220M5.63M
19GQ9SPDR GOLD TRUSThistory →GOLD SHS1.53%$212M1.59M
20GOLAR LNG LTD BERMUDASHS1.37%$190M10.28M
21SLBSCHLUMBERGER LTDhistory →COM1.29%$179M4.49M
22R6C2ROYAL DUTCH SHELL PLChistory →SPON ADR B1.13%$157M2.38M
23AAALCOA CORPhistory →COM1.01%$140M5.97M
24BMTABRITISH AMERN TOB PLChistory →SPONSORED ADR0.99%$138M3.95M
25BTUPEABODY ENERGY CORP NEWhistory →COM0.84%$117M4.84M
26BPBP PLChistory →SPONSORED ADR0.74%$103M2.47M
27EIXEDISON INTLhistory →COM0.43%$60M884.8K
28ENSCO ROWAN PLCSHS CLASS A0.38%$53M6.19M
29ABXBARRICK GOLD CORPORATIONhistory →COM0.37%$52M3.27M
30SOHUSOHU COM LTDhistory →SPONSORED ADS0.28%$39M2.79M
31TRANSOCEAN LTDREG SHS0.22%$31M4.85M
32DOEURDIAMOND OFFSHORE DRILLING INhistory →COM0.21%$30M3.34M
33KEPKOREA ELECTRIC PWRhistory →SPONSORED ADR0.14%$19M1.71M
34CREDIT SUISSE GROUPSPONSORED ADR0.14%$19M1.57M
35COPA HOLDINGS SACL A0.12%$16M165.7K
36CRCEURCALIFORNIA RES CORPhistory →COM NEW0.09%$13M660.7K
37INGING GROEP N VSPONSORED ADR0.06%$8M719.3K
38KBIAKB FINANCIAL GROUP INCSPONSORED ADR0.05%$7M188.0K
39BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.04%$6M36.8K
40TEEKAY CORPORATIONCOM0.04%$5M1.53M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$23.7B154May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$23.9B152Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$23.3B139Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$20.6B127Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$17.5B112May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$18.6B136Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$18.9B132Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$16.1B125Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$16.7B122May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$15.9B123Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$13.9B127Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$14.0B127Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$12.7B130May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$12.6B133Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$12.2B131Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$12.4B131Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$13.7B130May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$13.5B117Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$14.6B120Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$15.8B118Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$14.0B117May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$13.8B114Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$12.7B113Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$13.3B114Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$10.5B115May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$14.3B113Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$13.5B102Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$13.9B95Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$14.7B100May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$13.9B76Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 2 additional managers.

  • ORBIS INVESTMENT MANAGEMENT LTD028-04613
  • Orbis Investment Management (U.S.), L.P.028-15939

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.