Orbis Allan Gray Ltd's Q4 2021 13F: 8 new positions, 7 exits
Form 13F-HR for the quarter ended Dec 31, 2021 · filed Feb 14, 2022 · 63 reported positions · accession 0001085146-22-001002
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | NETEASE INC (NTES) | 9.6% | 5.5% | −4.1 pts | −9.06M sh | −56% |
| Reduced | ABBVIE INC (ABBV) | 2.2% | 0.5% | −1.7 pts | −2.52M sh | −84% |
| Reduced | AMAZON COM INC (AMZN) | 2.2% | 0.3% | −1.9 pts | −84,924 sh | −86% |
| Exited | ALIBABA GROUP HLDG LTD (BABA) | 1.8% | — | −1.8 pts | −1.73M sh | −100% |
| Increased | GLOBAL PMTS INC (GPN) | 3.4% | 4.9% | +1.4 pts | +1.69M sh | +53% |
| New | VALE S A (VALE) | — | 1.6% | +1.6 pts | +15.18M sh | new |
| Increased | DOLLAR GEN CORP NEW (DG) | 1.9% | 3.7% | +1.8 pts | +835K sh | +65% |
| Increased | FLEETCOR TECHNOLOGIES INC (FLT) | 3.6% | 4.7% | +1.1 pts | +835K sh | +41% |
| Reduced | MOTOROLA SOLUTIONS INC (MSI) | 3.3% | 3.1% | −0.2 pts | −528K sh | −25% |
| Exited | SENSATA TECHNOLOGIES HLDG PL (ST) | 1.1% | — | −1.1 pts | −2.82M sh | −100% |
| Reduced | DISNEY WALT CO (DIS) | 1.6% | 0.7% | −0.9 pts | −777K sh | −56% |
| Reduced | ALCOA CORP (AA) | 1.3% | 0.9% | −0.5 pts | −2M sh | −50% |
| Increased | ITAU UNIBANCO HLDG S A (ITU) | 0.6% | 1.3% | +0.7 pts | +30.24M sh | +198% |
| Reduced | GXO LOGISTICS INCORPORATED (GXO) | 5.8% | 6.4% | +0.7 pts | −1.13M sh | −11% |
| Reduced | MGM RESORTS INTERNATIONAL (MGM) | 3.2% | 2.9% | −0.3 pts | −2.22M sh | −21% |
| New | INTERACTIVE BROKERS GROUP IN (IBKR) | — | 0.7% | +0.7 pts | +1.25M sh | new |
| Reduced | META PLATFORMS INC (META) | 3.1% | 2.7% | −0.5 pts | −267K sh | −20% |
| Reduced | FOMENTO ECONOMICO MEXICANO S (FMX) | 2.9% | 2.1% | −0.7 pts | −1.09M sh | −23% |
| Reduced | ANTHEM INC (ELV) | 4.4% | 5.3% | +0.9 pts | −182K sh | −11% |
| Exited | AUTOHOME INC (ATHM) | 0.6% | — | −0.6 pts | −1.89M sh | −100% |
| Reduced | BRITISH AMERN TOB PLC (BTI) | 3.9% | 3.9% | 0.0 pts | −2.18M sh | −13% |
| Increased | SUNRUN INC (RUN) | 1.3% | 1.7% | +0.4 pts | +2.34M sh | +53% |
| Increased | PROGRESSIVE CORP (PGR) | 2.8% | 4.0% | +1.2 pts | +720K sh | +16% |
| Increased | TECK RESOURCES LTD (TECK) | 0.4% | 1.1% | +0.6 pts | +2.45M sh | +97% |
| Reduced | HOWMET AEROSPACE INC (HWM) | 4.4% | 4.4% | 0.0 pts | −1.85M sh | −9% |
| Reduced | NETFLIX INC (NFLX) | 2.3% | 2.2% | −0.2 pts | −67,284 sh | −12% |
| Increased | KINDER MORGAN INC DEL (KMI) | 0.0% | 0.3% | +0.3 pts | +2.54M sh | +603% |
| Reduced | COMCAST CORP NEW (CMCSA) | 5.1% | 4.7% | −0.4 pts | −789K sh | −6% |
| Reduced | UNITEDHEALTH GROUP INC (UNH) | 5.1% | 6.8% | +1.7 pts | −55,751 sh | −3% |
| Increased | ROYAL DUTCH SHELL PLC (RDSB) | 0.9% | 1.1% | +0.2 pts | +583K sh | +21% |
| New | VISA INC (V) | — | 0.1% | +0.1 pts | +81,081 sh | new |
| Reduced | YANDEX N V (NBIS) | 2.7% | 2.1% | −0.6 pts | −288K sh | −6% |
| Reduced | ARCONIC CORPORATION (ARNC) | 2.2% | 2.3% | +0.2 pts | −461K sh | −5% |
| New | ALPHABET INC (GOOGL) | — | 0.1% | +0.1 pts | +3,770 sh | new |
| Increased | AES CORP (AES) | 2.2% | 2.6% | +0.4 pts | +439K sh | +3% |
| Increased | XPO LOGISTICS INC (XPO) | 6.0% | 6.4% | +0.4 pts | +137K sh | +1% |
| Exited | ING GROEP N.V. (ING) | 0.1% | — | −0.1 pts | −763K sh | −100% |
| Increased | CALIFORNIA RES CORP (CRC) | 0.3% | 0.4% | +0.1 pts | +233K sh | +23% |
| Increased | CINEMARK HLDGS INC (CNK) | 0.3% | 0.3% | 0.0 pts | +603K sh | +31% |
| Exited | VECTOR GROUP LTD (VGR) | 0.1% | — | −0.1 pts | −756K sh | −100% |
| Increased | BP PLC (BP) | 0.5% | 0.6% | +0.1 pts | +300K sh | +11% |
| Increased | YOUDAO INC (DAO) | 1.2% | 1.4% | +0.2 pts | +596K sh | +4% |
| Increased | WHEATON PRECIOUS METALS CORP (WPM) | 0.1% | 0.2% | +0.1 pts | +128K sh | +24% |
| New | PRETIUM RES INC (PVG) | — | 0.0% | 0.0 pts | +375K sh | new |
| New | SELECT SECTOR SPDR TR (XLE) | — | 0.0% | 0.0 pts | +94,514 sh | new |
| New | CHURCH & DWIGHT CO INC (CHD) | — | 0.0% | 0.0 pts | +40,671 sh | new |
| Reduced | ALPHABET INC (GOOG) | 0.3% | 0.3% | 0.0 pts | −1,333 sh | −8% |
| Reduced | SPDR GOLD TR (GLD) | 1.5% | 1.6% | +0.2 pts | −20,166 sh | −2% |
| New | XP INC (XP) | — | 0.0% | 0.0 pts | +113K sh | new |
| Increased | DUPONT DE NEMOURS INC (DD) | 0.2% | 0.3% | +0.1 pts | +35,672 sh | +7% |
The 50 largest of 62 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- BORR DRILLING LTD (BORR): G1466R207 → G1466R173, 2.3M → 1.15M shares (share count change consistent with a stock split)
Top 10 positions — 52.9% of the equity book
Changes in the top 10 this quarter: PGR entered · BTI left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | UNITEDHEALTH GROUP INC (UNH) | 5.1% | 6.8% | |
| 2 | GXO LOGISTICS INCORPORATED (GXO) | 5.8% | 6.4% | |
| 3 | XPO LOGISTICS INC (XPO) | 6.0% | 6.4% | |
| 4 | NETEASE INC (NTES) | 9.6% | 5.5% | |
| 5 | ANTHEM INC (ELV) | 4.4% | 5.3% | |
| 6 | GLOBAL PMTS INC (GPN) | 3.4% | 4.9% | |
| 7 | FLEETCOR TECHNOLOGIES INC (FLT) | 3.6% | 4.7% | |
| 8 | COMCAST CORP NEW (CMCSA) | 5.1% | 4.7% | |
| 9 | HOWMET AEROSPACE INC (HWM) | 4.4% | 4.4% | |
| 10 | PROGRESSIVE CORP (PGR) | 2.8% | 4.0% | Entered the top 10 |
| — | BRITISH AMERN TOB PLC (BTI) | 3.9% | 3.9% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).