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Orbis Allan Gray Ltd

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13F filer, CIK 1663865, HamiltoN, Bermuda

Orbis Allan Gray Ltd reported $23,866,116,757 across 89 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 37.77% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001663865-26-000002

Period
2025-12-31
Reported value
$23.9B
Holdings
89
Top 10 weight
37.77%
New
12
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
GOOGLnew+2,663,789$834M
PRAXnew+1,255,162$370M
FBINadded+6,213,274$311M
CPAYadded+859,854$259M
MSIadded+627,066$240M

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-9,461,185-$792M
PDDreduced-5,774,012-$655M
NUreduced-23,372,828-$391M
MUexited-2,166,539-$363M
SWreduced-4,991,959-$193M

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, Q4 2025

Share positions as resolved from 13F-HR 0001663865-26-000002, largest first. % of portfolio is the value over $23,866,116,757, 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; 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; 2025Q4: 85,484,474 shares 85,484,474$1.65B6.91%-1,008,512Timeline
CPAYCORPAY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 4,987,968 shares 4,987,968$1.5B6.29%+859,854Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 2,581,182 shares 2,581,182$852M3.57%+603,778Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,153,805 shares; 2024Q4: 3,554,157 shares; 2025Q1: 1,301,632 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,663,789 shares 2,663,789$834M3.49%newTimeline
ICLRICON PUB LTD COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,029 shares; 2024Q4: 244,857 shares; 2025Q1: not reported; 2025Q2: 335,677 shares; 2025Q3: 4,138,818 shares; 2025Q4: 4,214,661 shares 4,214,661$768M3.22%+75,843Timeline
INSMINSMED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,524,134 shares; 2025Q3: 3,250,868 shares; 2025Q4: 4,179,957 shares 4,179,957$727M3.05%+929,089Timeline
GXOGXO LOGISTICS INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 13,424,844 shares 13,424,844$707M2.96%+37,035Timeline
BRKRBRUKER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 4,678,045 shares; 2025Q3: 14,145,472 shares; 2025Q4: 14,906,730 shares 14,906,730$702M2.94%+761,258Timeline
ALNYALNYLAM PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,618,219 shares 1,618,219$643M2.7%-332,743Timeline
NEMNEWMONT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 6,322,769 shares 6,322,769$631M2.65%+684,897Timeline
IBKRINTERACTIVE BROKERS GROUP INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 9,273,735 shares 9,273,735$596M2.5%-270,137Timeline
ITUBITAU UNIBANCO HLDG S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 81,682,615 shares 81,682,615$585M2.45%-1,644,562Timeline
STESTERIS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 2,249,511 shares 2,249,511$570M2.39%+120,200Timeline
SWSMURFIT WESTROCK PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 13,956,868 shares 13,956,868$540M2.26%-4,991,959Timeline
BTIBRITISH AMERN TOB PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 9,300,901 shares 9,300,901$527M2.21%-220,229Timeline
XPOXPO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 3,652,589 shares 3,652,589$496M2.08%+499,220Timeline
MSIMOTOROLA SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 810,229 shares; 2024Q4: 724,562 shares; 2025Q1: 736,093 shares; 2025Q2: 175,563 shares; 2025Q3: 655,999 shares; 2025Q4: 1,283,065 shares 1,283,065$492M2.06%+627,066Timeline
NTESNETEASE COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 3,389,449 shares 3,389,449$466M1.95%-768,031Timeline
GMABGENMAB A/SQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 14,418,462 shares 14,418,462$444M1.86%+3,340,456Timeline
RXORXO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 34,677,755 shares 34,677,755$438M1.84%+2,104,597Timeline
ELVELEVANCE HEALTH INC FORMERLYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,244,946 shares 1,244,946$436M1.83%-63,172Timeline
IQVIQVIA HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 52,195 shares; 2025Q3: 967,537 shares; 2025Q4: 1,901,091 shares 1,901,091$429M1.8%+933,554Timeline
CXCEMEX SAB DE CVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 36,132,733 shares 36,132,733$415M1.74%+1,225,219Timeline
DISDISNEY WALT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 3,563,050 shares 3,563,050$405M1.7%-108,324Timeline
PRAXPRAXIS PRECISION MEDICINES IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,255,162 shares 1,255,162$370M1.55%newTimeline
FBINFORTUNE BRANDS INNOVATIONS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 763,211 shares; 2025Q2: 1,012,411 shares; 2025Q3: 1,059,015 shares; 2025Q4: 7,272,289 shares 7,272,289$364M1.52%+6,213,274Timeline
CNKCINEMARK HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 15,057,911 shares 15,057,911$350M1.47%+3,563,810Timeline
SESEA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 2,715,855 shares 2,715,855$346M1.45%-389,911Timeline
WLKWESTLAKE CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,770,672 shares; 2024Q4: 299,802 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 3,914,411 shares; 2025Q4: 4,386,635 shares 4,386,635$324M1.36%+472,224Timeline
CRSPCRISPR THERAPEUTICS AGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 5,950,145 shares 5,950,145$312M1.31%+968,060Timeline
FSVFIRSTSERVICE CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,984,677 shares 1,984,677$309M1.29%+530,489Timeline
AESAES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 21,317,334 shares 21,317,334$306M1.28%-4,616,633Timeline
FNVFRANCO NEV CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,409,189 shares 1,409,189$292M1.22%-9,178Timeline
BBARRICK MNG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 6,302,634 shares; 2025Q3: 6,560,227 shares; 2025Q4: 6,682,200 shares 6,682,200$291M1.22%+121,973Timeline
KMIKINDER MORGAN INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 10,550,337 shares 10,550,337$290M1.22%-4,334,199Timeline
NBISNEBIUS GROUP N.V.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 3,335,358 shares 3,335,358$279M1.17%-9,461,185Timeline
VALEVALE S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 18,242,181 shares 18,242,181$238M1%+4,668,386Timeline
GLDSPDR GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 523,786 shares 523,786$208M0.87%-265,431Timeline
VIPSVIPSHOP HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 10,814,948 shares 10,814,948$191M0.8%+1,227,325Timeline
IMAXIMAX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 5,151,721 shares 5,151,721$190M0.8%-90,162Timeline
RRYDER SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 974,620 shares 974,620$187M0.78%+504,404Timeline
EQTEQT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 3,479,105 shares 3,479,105$186M0.78%newTimeline
RNRRENAISSANCERE HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,837,440 shares; 2024Q4: 2,864,105 shares; 2025Q1: 1,748,169 shares; 2025Q2: 991,483 shares; 2025Q3: not reported; 2025Q4: 634,937 shares 634,937$179M0.75%newTimeline
BKNGBOOKING HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 56,539 shares; 2024Q4: 48,147 shares; 2025Q1: 42,172 shares; 2025Q2: 30,520 shares; 2025Q3: 28,249 shares; 2025Q4: 30,748 shares 30,748$165M0.69%+2,499Timeline
SRRKSCHOLAR ROCK HLDG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 302,252 shares; 2025Q4: 3,428,929 shares 3,428,929$151M0.63%+3,126,677Timeline
DEODIAGEO PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,737,346 shares 1,737,346$150M0.63%+191,216Timeline
PDDPDD HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,168,327 shares 1,168,327$132M0.56%-5,774,012Timeline
BTUPEABODY ENGR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 4,960,043 shares; 2025Q4: 4,397,530 shares 4,397,530$131M0.55%-562,513Timeline
WPMWHEATON PRECIOUS METALS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,023,924 shares 1,023,924$120M0.5%0Timeline
SYNASYNAPTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,536,228 shares 1,536,228$114M0.48%+137,926Timeline
TBBBBBB FOODS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 3,288,723 shares 3,288,723$110M0.46%newTimeline
SHELSHELL PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,476,355 shares 1,476,355$108M0.45%+56,144Timeline
BURBURFORD CAPITAL LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 12,051,544 shares 12,051,544$107M0.45%+2,859,722Timeline
GFIGOLD FIELDS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 2,461,373 shares 2,461,373$107M0.45%-208,375Timeline
MARMARRIOTT INTL INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 295,891 shares; 2024Q4: 295,891 shares; 2025Q1: 309,641 shares; 2025Q2: 309,641 shares; 2025Q3: 309,641 shares; 2025Q4: 309,641 shares 309,641$96.1M0.4%0Timeline
DYNDYNE THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 4,801,928 shares 4,801,928$93.9M0.39%newTimeline
CRCCALIFORNIA RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,926,769 shares 1,926,769$86.1M0.36%+536,190Timeline
OLNOLIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 693,168 shares; 2025Q4: 3,804,561 shares 3,804,561$79.2M0.33%+3,111,393Timeline
MRVLMARVELL TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 904,659 shares 904,659$76.9M0.32%newTimeline
DAOYOUDAO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 6,943,858 shares 6,943,858$70M0.29%-337,550Timeline
ENBENBRIDGE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 589,974 shares; 2025Q1: 772,764 shares; 2025Q2: 963,762 shares; 2025Q3: 1,008,837 shares; 2025Q4: 1,439,899 shares 1,439,899$68.9M0.29%+431,062Timeline
NUNU HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 3,923,704 shares 3,923,704$65.7M0.28%-23,372,828Timeline
BWXTBWX TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 295,045 shares; 2025Q3: 332,248 shares; 2025Q4: 309,516 shares 309,516$53.5M0.22%-22,732Timeline
BAHBOOZ ALLEN HAMILTON HLDG CORQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 202,826 shares; 2025Q4: 567,544 shares 567,544$47.9M0.2%+364,718Timeline
EDUNEW ORIENTAL ED & TECHNOLOGYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 597,498 shares; 2025Q4: 837,551 shares 837,551$46.1M0.19%+240,053Timeline
ONON SEMICONDUCTOR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 463,107 shares; 2025Q4: 845,781 shares 845,781$45.8M0.19%+382,674Timeline
NKENIKE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 338,796 shares; 2025Q4: 672,298 shares 672,298$42.8M0.18%+333,502Timeline
NCMINATIONAL CINEMEDIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 4,197,683 shares; 2025Q3: 5,305,601 shares; 2025Q4: 9,523,889 shares 9,523,889$37M0.16%+4,218,288Timeline
AUANGLOGOLD ASHANTI PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 593,705 shares; 2025Q1: 593,705 shares; 2025Q2: 427,891 shares; 2025Q3: 427,891 shares; 2025Q4: 427,891 shares 427,891$36.5M0.15%0Timeline
SLGNSILGAN HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 888,720 shares 888,720$35.9M0.15%newTimeline
MNSOMINISO GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,780,405 shares; 2025Q4: 1,792,873 shares 1,792,873$33.6M0.14%+12,468Timeline
BIDUBAIDU INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 254,741 shares 254,741$33.3M0.14%-789,432Timeline
KBKB FINL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 700,654 shares; 2024Q4: 412,132 shares; 2025Q1: 366,962 shares; 2025Q2: 370,306 shares; 2025Q3: 364,148 shares; 2025Q4: 378,785 shares 378,785$32.6M0.14%+14,637Timeline
EMEEMCOR GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 28,937 shares; 2025Q2: 46,770 shares; 2025Q3: 59,606 shares; 2025Q4: 52,683 shares 52,683$32.2M0.14%-6,923Timeline
PTLOPORTILLOS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 6,994,844 shares 6,994,844$31.8M0.13%+155,205Timeline
MCSMARCUS CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,915,765 shares 1,915,765$29.7M0.12%+141,064Timeline
HNRGHALLADOR ENERGY COMPANYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,911,787 shares; 2025Q4: 1,490,148 shares 1,490,148$28.4M0.12%-421,639Timeline
GNRCGENERAC HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 219,758 shares; 2024Q4: 191,815 shares; 2025Q1: 204,691 shares; 2025Q2: 307,374 shares; 2025Q3: 307,858 shares; 2025Q4: 202,218 shares 202,218$27.6M0.12%-105,640Timeline
ARANTERO RESOURCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 744,108 shares 744,108$25.6M0.11%newTimeline
HDBHDFC BANK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 700,833 shares 700,833$25.6M0.11%-56,131Timeline
AMANTERO MIDSTREAM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,410,004 shares 1,410,004$25.1M0.11%newTimeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 39,079 shares; 2024Q4: 78,712 shares; 2025Q1: 94,908 shares; 2025Q2: 63,322 shares; 2025Q3: 47,885 shares; 2025Q4: 45,105 shares 45,105$21.8M0.09%-2,780Timeline
LULULULULEMON ATHLETICA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 93,221 shares 93,221$19.4M0.08%newTimeline
INTCINTEL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 798,505 shares; 2024Q4: 813,925 shares; 2025Q1: 636,922 shares; 2025Q2: 643,359 shares; 2025Q3: 495,662 shares; 2025Q4: 495,099 shares 495,099$18.3M0.08%-563Timeline
CLBTCELLEBRITE DI LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 516,499 shares; 2025Q4: 670,613 shares 670,613$12.1M0.05%+154,114Timeline
GGENPACT LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 200,245 shares 200,245$9.37M0.04%-14,287Timeline
MICCMAGNUM ICE CREAM CO NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 447,614 shares 447,614$7.09M0.03%newTimeline
CMCLCALEDONIA MNG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 782,501 shares; 2024Q4: 782,501 shares; 2025Q1: 782,501 shares; 2025Q2: 782,501 shares; 2025Q3: 644,151 shares; 2025Q4: 211,822 shares 211,822$5.54M0.02%-432,329Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,958 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 5,412 shares; 2025Q3: 5,412 shares; 2025Q4: 5,044 shares 5,044$1.53M0.01%-368Timeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
MUMICRON TECHNOLOGY INC2,166,539$363Mshares
CECELANESE CORP DEL1,304,050$54.9Mshares
LYBLYONDELLBASELL INDUSTRIES NV1,064,208$52.2Mshares
MTZMASTEC INC226,799$48.3Mshares
NAVINAVIENT CORPORATION3,023,206$39.8Mshares
CARGCARGURUS INC765,791$28.5Mshares
MCHPMICROCHIP TECHNOLOGY INC.371,911$23.9Mshares
BCCBOISE CASCADE CO DEL105,673$8.17Mshares
KBRKBR INC162,873$7.7Mshares

How Q4 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 0001663865-26-000002 base2026-02-17acceptance time not in the bulk data set