Skip to content
Disclosery

Orbis Allan Gray Ltd

Follow

13F filer, CIK 1663865, HamiltoN, Bermuda

Orbis Allan Gray Ltd reported $23,299,761,219 across 86 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 41.46% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001663865-25-000002

Period
2025-09-30
Reported value
$23.3B
Holdings
86
Top 10 weight
41.46%
New
17
Sold out
9

Part of the filer group Orbis Allan Gray Ltd

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ICLRadded+3,803,141$666M
SEadded+2,088,232$373M
BRKRadded+9,467,427$308M
UNHadded+890,687$308M
WLKnew+3,914,411$302M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
NBISreduced-4,855,387-$545M
ELVreduced-1,547,732-$500M
SHELreduced-5,913,452-$423M
MCHPreduced-4,268,958-$274M
BTIreduced-4,982,838-$264M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001663865-25-000002, largest first. % of portfolio is the value over $23,299,761,219, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
QXOQXO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 109,409,191 shares; 2024Q4: 109,409,191 shares; 2025Q1: 109,409,191 shares; 2025Q2: 96,289,549 shares; 2025Q3: 86,492,986 shares 86,492,986$1.65B7.08%-9,796,563Timeline
NBISNEBIUS GROUP N.V.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,056,164 shares; 2024Q4: 15,725,682 shares; 2025Q1: 15,702,222 shares; 2025Q2: 17,651,930 shares; 2025Q3: 12,796,543 shares 12,796,543$1.44B6.17%-4,855,387Timeline
CPAYCORPAY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,171,551 shares; 2024Q4: 3,940,836 shares; 2025Q1: 3,731,221 shares; 2025Q2: 3,855,589 shares; 2025Q3: 4,128,114 shares 4,128,114$1.19B5.1%+272,525Timeline
PDDPDD HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 97,653 shares; 2025Q1: 2,397,312 shares; 2025Q2: 5,647,728 shares; 2025Q3: 6,942,339 shares 6,942,339$918M3.94%+1,294,611Timeline
ALNYALNYLAM PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,268,112 shares; 2024Q4: 1,472,802 shares; 2025Q1: 1,634,923 shares; 2025Q2: 2,121,412 shares; 2025Q3: 1,950,962 shares 1,950,962$890M3.82%-170,450Timeline
SWSMURFIT WESTROCK PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 255,925 shares; 2024Q4: 5,784,560 shares; 2025Q1: 10,114,213 shares; 2025Q2: 18,400,418 shares; 2025Q3: 18,948,827 shares 18,948,827$807M3.46%+548,409Timeline
ICLRICON PUB LTD COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,029 shares; 2024Q4: 244,857 shares; 2025Q1: not reported; 2025Q2: 335,677 shares; 2025Q3: 4,138,818 shares 4,138,818$724M3.11%+3,803,141Timeline
GXOGXO LOGISTICS INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,111,978 shares; 2024Q4: 12,654,819 shares; 2025Q1: 13,473,172 shares; 2025Q2: 13,173,596 shares; 2025Q3: 13,387,809 shares 13,387,809$708M3.04%+214,213Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,257,855 shares; 2024Q4: 1,888,186 shares; 2025Q1: 665,142 shares; 2025Q2: 1,086,717 shares; 2025Q3: 1,977,404 shares 1,977,404$683M2.93%+890,687Timeline
IBKRINTERACTIVE BROKERS GROUP INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,503,137 shares; 2024Q4: 5,285,505 shares; 2025Q1: 3,493,357 shares; 2025Q2: 9,740,072 shares; 2025Q3: 9,543,872 shares 9,543,872$657M2.82%-196,200Timeline
NTESNETEASE COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,481,212 shares; 2024Q4: 4,031,953 shares; 2025Q1: 3,664,973 shares; 2025Q2: 3,507,214 shares; 2025Q3: 4,157,480 shares 4,157,480$632M2.71%+650,266Timeline
ITUBITAU UNIBANCO HLDG S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,248,471 shares; 2024Q4: not reported; 2025Q1: 41,390,151 shares; 2025Q2: 84,543,938 shares; 2025Q3: 83,327,177 shares 83,327,177$612M2.63%-1,216,761Timeline
SESEA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 614,522 shares; 2024Q4: 1,006,544 shares; 2025Q1: 828,958 shares; 2025Q2: 1,017,534 shares; 2025Q3: 3,105,766 shares 3,105,766$555M2.38%+2,088,232Timeline
STESTERIS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,544,011 shares; 2025Q2: 2,100,099 shares; 2025Q3: 2,129,311 shares 2,129,311$527M2.26%+29,212Timeline
BTIBRITISH AMERN TOB PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,217,429 shares; 2024Q4: 9,981,220 shares; 2025Q1: 12,021,231 shares; 2025Q2: 14,503,968 shares; 2025Q3: 9,521,130 shares 9,521,130$505M2.17%-4,982,838Timeline
RXORXO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 28,561,230 shares; 2024Q4: 30,244,861 shares; 2025Q1: 30,232,511 shares; 2025Q2: 31,375,221 shares; 2025Q3: 32,573,158 shares 32,573,158$501M2.15%+1,197,937Timeline
NEMNEWMONT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,200,058 shares; 2024Q4: 5,580,296 shares; 2025Q1: 5,672,683 shares; 2025Q2: 5,009,521 shares; 2025Q3: 5,637,872 shares 5,637,872$475M2.04%+628,351Timeline
INSMINSMED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,524,134 shares; 2025Q3: 3,250,868 shares 3,250,868$468M2.01%+1,726,734Timeline
BRKRBRUKER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 4,678,045 shares; 2025Q3: 14,145,472 shares 14,145,472$460M1.97%+9,467,427Timeline
NUNU HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 14,722,930 shares; 2025Q2: 18,870,590 shares; 2025Q3: 27,296,532 shares 27,296,532$437M1.88%+8,425,942Timeline
ELVELEVANCE HEALTH INC FORMERLYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 904,897 shares; 2024Q4: 2,168,945 shares; 2025Q1: 2,849,173 shares; 2025Q2: 2,855,850 shares; 2025Q3: 1,308,118 shares 1,308,118$423M1.81%-1,547,732Timeline
KMIKINDER MORGAN INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,270,089 shares; 2024Q4: 22,667,066 shares; 2025Q1: 21,964,323 shares; 2025Q2: 22,635,179 shares; 2025Q3: 14,884,536 shares 14,884,536$421M1.81%-7,750,643Timeline
DISDISNEY WALT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,935,091 shares; 2024Q4: 2,968,297 shares; 2025Q1: 3,588,463 shares; 2025Q2: 3,351,421 shares; 2025Q3: 3,671,374 shares 3,671,374$420M1.8%+319,953Timeline
XPOXPO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,841,399 shares; 2024Q4: 2,991,391 shares; 2025Q1: 2,697,161 shares; 2025Q2: 3,150,052 shares; 2025Q3: 3,153,369 shares 3,153,369$408M1.75%+3,317Timeline
MUMICRON TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,847,320 shares; 2024Q4: 2,786,347 shares; 2025Q1: 2,301,640 shares; 2025Q2: 3,457,726 shares; 2025Q3: 2,166,539 shares 2,166,539$363M1.56%-1,291,187Timeline
AESAES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 23,586,494 shares; 2024Q4: 22,588,700 shares; 2025Q1: 27,518,952 shares; 2025Q2: 27,618,252 shares; 2025Q3: 25,933,967 shares 25,933,967$341M1.46%-1,684,285Timeline
GMABGENMAB A/SQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,676,793 shares; 2024Q4: 2,815,562 shares; 2025Q1: 5,710,741 shares; 2025Q2: 7,920,400 shares; 2025Q3: 11,078,006 shares 11,078,006$340M1.46%+3,157,606Timeline
CRSPCRISPR THERAPEUTICS AGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,476,119 shares; 2025Q1: 1,562,932 shares; 2025Q2: 2,764,532 shares; 2025Q3: 4,982,085 shares 4,982,085$323M1.39%+2,217,553Timeline
CNKCINEMARK HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,267,658 shares; 2024Q4: 11,297,455 shares; 2025Q1: 10,142,246 shares; 2025Q2: 10,098,174 shares; 2025Q3: 11,494,101 shares 11,494,101$322M1.38%+1,395,927Timeline
FNVFRANCO NEV CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,084,582 shares; 2024Q4: 1,940,525 shares; 2025Q1: 1,918,952 shares; 2025Q2: 1,412,097 shares; 2025Q3: 1,418,367 shares 1,418,367$316M1.36%+6,270Timeline
CXCEMEX SAB DE CVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 6,414,359 shares; 2025Q1: 13,831,102 shares; 2025Q2: 26,300,519 shares; 2025Q3: 34,907,514 shares 34,907,514$314M1.35%+8,606,995Timeline
WLKWESTLAKE CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,770,672 shares; 2024Q4: 299,802 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 3,914,411 shares 3,914,411$302M1.29%newTimeline
MSIMOTOROLA SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 810,229 shares; 2024Q4: 724,562 shares; 2025Q1: 736,093 shares; 2025Q2: 175,563 shares; 2025Q3: 655,999 shares 655,999$300M1.29%+480,436Timeline
GLDSPDR GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,115,066 shares; 2024Q4: 971,072 shares; 2025Q1: 951,603 shares; 2025Q2: 810,205 shares; 2025Q3: 789,217 shares 789,217$281M1.2%-20,988Timeline
FSVFIRSTSERVICE CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 482,255 shares; 2024Q4: 1,193,065 shares; 2025Q1: 1,417,190 shares; 2025Q2: 1,423,870 shares; 2025Q3: 1,454,188 shares 1,454,188$277M1.19%+30,318Timeline
BBARRICK MNG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 6,302,634 shares; 2025Q3: 6,560,227 shares 6,560,227$215M0.92%+257,593Timeline
VIPSVIPSHOP HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,645,116 shares; 2024Q4: 5,924,835 shares; 2025Q1: 7,009,180 shares; 2025Q2: 4,874,637 shares; 2025Q3: 9,587,623 shares 9,587,623$188M0.81%+4,712,986Timeline
IQVIQVIA HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 52,195 shares; 2025Q3: 967,537 shares 967,537$184M0.79%+915,342Timeline
IMAXIMAX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,045,103 shares; 2024Q4: 3,457,685 shares; 2025Q1: 3,882,766 shares; 2025Q2: 5,113,033 shares; 2025Q3: 5,241,883 shares 5,241,883$172M0.74%+128,850Timeline
BKNGBOOKING HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 56,539 shares; 2024Q4: 48,147 shares; 2025Q1: 42,172 shares; 2025Q2: 30,520 shares; 2025Q3: 28,249 shares 28,249$153M0.65%-2,271Timeline
DEODIAGEO PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,980,951 shares; 2024Q4: not reported; 2025Q1: 344,018 shares; 2025Q2: 1,157,991 shares; 2025Q3: 1,546,130 shares 1,546,130$148M0.63%+388,139Timeline
VALEVALE S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 11,757,552 shares; 2025Q1: 31,257,989 shares; 2025Q2: 19,665,389 shares; 2025Q3: 13,573,795 shares 13,573,795$147M0.63%-6,091,594Timeline
BIDUBAIDU INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,974,571 shares; 2024Q4: 4,060,819 shares; 2025Q1: 3,236,111 shares; 2025Q2: not reported; 2025Q3: 1,044,173 shares 1,044,173$138M0.59%newTimeline
BTUPEABODY ENGR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 4,960,043 shares 4,960,043$132M0.56%newTimeline
WPMWHEATON PRECIOUS METALS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,261,756 shares; 2024Q4: 1,326,424 shares; 2025Q1: 1,326,424 shares; 2025Q2: 1,023,924 shares; 2025Q3: 1,023,924 shares 1,023,924$115M0.49%0Timeline
GFIGOLD FIELDS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,448,411 shares; 2024Q4: 5,024,223 shares; 2025Q1: 3,494,861 shares; 2025Q2: 2,669,748 shares; 2025Q3: 2,669,748 shares 2,669,748$112M0.48%0Timeline
BURBURFORD CAPITAL LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,396,019 shares; 2024Q4: 6,558,233 shares; 2025Q1: 7,235,504 shares; 2025Q2: 7,732,120 shares; 2025Q3: 9,191,822 shares 9,191,822$110M0.47%+1,459,702Timeline
SHELSHELL PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,822,965 shares; 2024Q4: 6,662,537 shares; 2025Q1: 6,456,363 shares; 2025Q2: 7,333,663 shares; 2025Q3: 1,420,211 shares 1,420,211$102M0.44%-5,913,452Timeline
SYNASYNAPTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,264,211 shares; 2024Q4: 2,274,989 shares; 2025Q1: 2,207,130 shares; 2025Q2: 1,833,523 shares; 2025Q3: 1,398,302 shares 1,398,302$95.6M0.41%-435,221Timeline
RRYDER SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 258,157 shares; 2024Q4: 863,530 shares; 2025Q1: 870,959 shares; 2025Q2: 1,005,382 shares; 2025Q3: 470,216 shares 470,216$88.7M0.38%-535,166Timeline
MARMARRIOTT INTL INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 295,891 shares; 2024Q4: 295,891 shares; 2025Q1: 309,641 shares; 2025Q2: 309,641 shares; 2025Q3: 309,641 shares 309,641$80.6M0.35%0Timeline
CRCCALIFORNIA RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,145,967 shares; 2024Q4: 1,164,248 shares; 2025Q1: 1,198,841 shares; 2025Q2: 1,121,467 shares; 2025Q3: 1,390,579 shares 1,390,579$74M0.32%+269,112Timeline
DAOYOUDAO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,390,344 shares; 2024Q4: 8,976,659 shares; 2025Q1: 8,339,388 shares; 2025Q2: 7,497,430 shares; 2025Q3: 7,281,408 shares 7,281,408$72.4M0.31%-216,022Timeline
BWXTBWX TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 295,045 shares; 2025Q3: 332,248 shares 332,248$61.3M0.26%+37,203Timeline
FBINFORTUNE BRANDS INNOVATIONS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 763,211 shares; 2025Q2: 1,012,411 shares; 2025Q3: 1,059,015 shares 1,059,015$56.5M0.24%+46,604Timeline
CECELANESE CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,304,050 shares 1,304,050$54.9M0.24%newTimeline
LYBLYONDELLBASELL INDUSTRIES NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,064,208 shares 1,064,208$52.2M0.22%newTimeline
GNRCGENERAC HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 219,758 shares; 2024Q4: 191,815 shares; 2025Q1: 204,691 shares; 2025Q2: 307,374 shares; 2025Q3: 307,858 shares 307,858$51.5M0.22%+484Timeline
ENBENBRIDGE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 589,974 shares; 2025Q1: 772,764 shares; 2025Q2: 963,762 shares; 2025Q3: 1,008,837 shares 1,008,837$50.9M0.22%+45,075Timeline
MTZMASTEC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 358,813 shares; 2024Q4: 207,153 shares; 2025Q1: 227,759 shares; 2025Q2: 239,407 shares; 2025Q3: 226,799 shares 226,799$48.3M0.21%-12,608Timeline
PTLOPORTILLOS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,732,489 shares; 2024Q4: 5,739,163 shares; 2025Q1: 5,973,638 shares; 2025Q2: 6,358,093 shares; 2025Q3: 6,839,639 shares 6,839,639$44.1M0.19%+481,546Timeline
MNSOMINISO GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,780,405 shares 1,780,405$40.1M0.17%newTimeline
NAVINAVIENT CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,488,681 shares; 2024Q4: 1,783,069 shares; 2025Q1: 2,311,785 shares; 2025Q2: 2,848,718 shares; 2025Q3: 3,023,206 shares 3,023,206$39.8M0.17%+174,488Timeline
EMEEMCOR GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 28,937 shares; 2025Q2: 46,770 shares; 2025Q3: 59,606 shares 59,606$38.7M0.17%+12,836Timeline
HNRGHALLADOR ENERGY COMPANYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,911,787 shares 1,911,787$37.4M0.16%newTimeline
EDUNEW ORIENTAL ED & TECHNOLOGYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 597,498 shares 597,498$31.7M0.14%newTimeline
KBKB FINL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 700,654 shares; 2024Q4: 412,132 shares; 2025Q1: 366,962 shares; 2025Q2: 370,306 shares; 2025Q3: 364,148 shares 364,148$30.2M0.13%-6,158Timeline
AUANGLOGOLD ASHANTI PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 593,705 shares; 2025Q1: 593,705 shares; 2025Q2: 427,891 shares; 2025Q3: 427,891 shares 427,891$30.1M0.13%0Timeline
CARGCARGURUS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 765,791 shares 765,791$28.5M0.12%newTimeline
MCSMARCUS CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,091,389 shares; 2024Q4: 1,196,083 shares; 2025Q1: 1,260,565 shares; 2025Q2: 1,375,121 shares; 2025Q3: 1,774,701 shares 1,774,701$27.5M0.12%+399,580Timeline
HDBHDFC BANK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 556,817 shares; 2024Q4: 1,517,859 shares; 2025Q1: 451,048 shares; 2025Q2: 419,431 shares; 2025Q3: 756,964 shares 756,964$25.9M0.11%+337,533Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 39,079 shares; 2024Q4: 78,712 shares; 2025Q1: 94,908 shares; 2025Q2: 63,322 shares; 2025Q3: 47,885 shares 47,885$24.8M0.11%-15,437Timeline
NCMINATIONAL CINEMEDIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 4,197,683 shares; 2025Q3: 5,305,601 shares 5,305,601$23.9M0.1%+1,107,918Timeline
MCHPMICROCHIP TECHNOLOGY INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 7,635,024 shares; 2025Q2: 4,640,869 shares; 2025Q3: 371,911 shares 371,911$23.9M0.1%-4,268,958Timeline
NKENIKE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 338,796 shares 338,796$23.6M0.1%newTimeline
CMCLCALEDONIA MNG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 782,501 shares; 2024Q4: 782,501 shares; 2025Q1: 782,501 shares; 2025Q2: 782,501 shares; 2025Q3: 644,151 shares 644,151$23.3M0.1%-138,350Timeline
ONON SEMICONDUCTOR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 463,107 shares 463,107$22.8M0.1%newTimeline
BAHBOOZ ALLEN HAMILTON HLDG CORQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 202,826 shares 202,826$20.3M0.09%newTimeline
OLNOLIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 693,168 shares 693,168$17.3M0.07%newTimeline
INTCINTEL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 798,505 shares; 2024Q4: 813,925 shares; 2025Q1: 636,922 shares; 2025Q2: 643,359 shares; 2025Q3: 495,662 shares 495,662$16.6M0.07%-147,697Timeline
SRRKSCHOLAR ROCK HLDG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 302,252 shares 302,252$11.3M0.05%newTimeline
CLBTCELLEBRITE DI LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 516,499 shares 516,499$9.57M0.04%newTimeline
GGENPACT LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,739,059 shares; 2024Q4: 1,808,542 shares; 2025Q1: 1,506,477 shares; 2025Q2: 359,700 shares; 2025Q3: 214,532 shares 214,532$8.99M0.04%-145,168Timeline
BCCBOISE CASCADE CO DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 105,673 shares 105,673$8.17M0.04%newTimeline
KBRKBR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 162,873 shares 162,873$7.7M0.03%newTimeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,958 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 5,412 shares; 2025Q3: 5,412 shares 5,412$1.51M0.01%0Timeline

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
BBDBANCO BRADESCO S A81,034,974$250Mshares
RNRRENAISSANCERE HLDGS LTD991,483$241Mshares
TXNTEXAS INSTRS INC809,986$168Mshares
XPXP INC8,001,932$162Mshares
ATKRATKORE INC364,011$25.7Mshares
PAGSPAGSEGURO DIGITAL LTD2,085,730$20.1Mshares
NENOBLE CORP PLC741,409$19.7Mshares
MSMORGAN STANLEY115,346$16.2Mshares
FUTUFUTU HLDGS LTD88,899$11Mshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001663865-25-000002 base2025-11-14acceptance time not in the bulk data set