Orbis Allan Gray LTD
Orbis Allan Gray Ltd is the Bermuda-based branch of the global investment management group co-founded by Allan W.B. Gray in 1989. The firm operates with headquarters in Bermuda and additional offices spanning London, Vancouver, Sydney, San Francisco, Hong Kong, Tokyo, and Luxembourg. Orbis manages investment funds for both institutional and individual investors worldwide, and is closely affiliated with Allan Gray Investment Management in South Africa and Allan Gray Australia. The group serves a diverse clientele including pension funds, insurance firms, banks, trusts, and individual investors. Orbis Allan Gray Ltd specializes in global equities, fundamental research-driven investing, and is known for its contrarian and long-term approach to portfolio management. The firm employs a workforce that is part of Orbis Investment Management, which has roughly several hundred employees globally.
Investment Strategy
Orbis applies a fundamental, contrarian, long-term investment philosophy to global equities, aiming to exploit market inefficiencies by identifying and investing in businesses it believes to be undervalued. The firm’s research process involves in-depth analysis to determine intrinsic value, ignoring short-term market sentiment. Positions are increased in stocks with the strongest conviction and held through volatility, selling only when valuations converge with its estimate of fair value. Currency and market risk may be managed via hedging when appropriate. The strategy is designed to deliver superior returns compared to global benchmarks like the MSCI World Index, without taking on greater overall risk, and incorporates active currency management for optimized global exposure.
Top Holdings
Equity Positions (76)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
Q QXO | QXO INC | 10.09% | $2.07B | 96,289,549 | $15.77 | $21.54 | +$592.7M |
C CPAY | CORPAY INC | 6.22% | $1.28B | 3,855,589 | $306.74 | $331.82 | -$21.8M |
E ELV | ELEVANCE HEALTH INC | 5.40% | $1.11B | 2,855,850 | $360.31 | $388.96 | -$128.5M |
S SW | SMURFIT WESTROCK PLC | 3.86% | $794.0M | 18,400,418 | $46.90 | $43.15 | +$338.2M |
A ALNY | ALNYLAM PHARMACEUTICALS INC | 3.36% | $691.8M | 2,121,412 | $271.75 | $326.09 | +$250.3M |