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Orbis Investment Management Limited
Adam Karr · Asset Manager · Value
Founded in 1989 by the late Allan Gray, Orbis Investment Management Limited is a privately owned global investment firm headquartered in Hamilton, Bermuda. The firm is dedicated to providing clients with long-term capital appreciation through a contrarian and fundamental value-oriented approach. Orbis manages a range of equity and multi-asset funds for both institutional and individual investors across offices in London, San Francisco, Hong Kong, and Sydney. The institution is recognized for its unique performance-linked fee structure and its independence, which allows it to maintain a patient, long-term perspective. Since its inception, the firm has grown to manage over $35 billion in assets, emphasizing a commitment to bottom-up research and individual accountability in its investment process.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +24.6% |
| YTD return | +22.0% |
| Sharpe ratio | 3.58 |
| Win rate | 51% |
| AUM | $19.3B |
| Inception | Oct 1, 2025 |
| Updated | Sep 18, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $19.3B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.orbis.com |
Current Holdings
Updated on Sep 18, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| CPAY | Corpay Inc | 11.7% | +25.9% |
| GMAB | Genmab AS | 7.5% | +14.8% |
| NBIS | Nebius Group N.V. | 7.3% | +37.6% |
| MSI | Motorola Solutions Inc | 5.8% | +8.4% |
| BRKR | Bruker Corporation | 5.5% | +59.6% |
| BKNG | Booking Holdings Inc | 5.3% | -18.3% |
| QXO | QXO, Inc. | 5.2% | -36.8% |
| TSM | Taiwan Semiconductor Manufacturing | 4.9% | +43.8% |
| NEM | Newmont Goldcorp Corp | 4.7% | +29.3% |
| EQT | EQT Corporation | 4.5% | -8.2% |
| SHEL | Shell PLC ADR | 4.3% | +3.9% |
| GOOGL | Alphabet Inc Class A | 4.1% | -7.8% |
| RYCEY | Rolls Royce Holdings plc | 4.0% | -0.0% |
| INSM | Insmed Inc | 4.0% | +1.1% |
| RXO | RXO Inc. | 3.9% | -20.2% |
| WSE | Wise Group plc Class A Ordinary Shares | 3.7% | -5.1% |
| ITUB | Itau Unibanco Banco Holding SA | 3.5% | +0.6% |
| XPO | XPO Logistics Inc | 3.4% | -17.8% |
| GXO | GXO Logistics Inc | 3.4% | -12.5% |
| BTI | British American Tobacco p.l.c. | 3.3% | +6.8% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Sep 7, 2026 | SELL | EQT | 4.4% → 4.5% |
| Sep 7, 2026 | BUY | XPO | 3.3% → 3.4% |
| Sep 7, 2026 | BUY | SHEL | 4.1% → 4.3% |
| Sep 7, 2026 | BUY | BRKR | 5.3% → 5.5% |
| Sep 7, 2026 | SELL | TSM | 5.8% → 4.9% |
Investment Style Analysis
Orbis Investment Management Limited is widely recognized for employing a Value strategy. As of Sep 18, 2026, the firm oversees approximately $19.3B in assets under management (AUM). The portfolio demonstrates a clear preference for the Software - Infrastructure and Biotechnology sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Sep 7, Orbis Investment Management Limited made a significant move by reducing the position in EQT. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Orbis Investment Management employs a fundamental, long-term, and contrarian investment philosophy. The firm's strategy is rooted in intensive bottom-up research, seeking to identify companies whose shares trade at a significant discount to their intrinsic value. Orbis believes that the best investment opportunities are often found in areas of the market that are out of favor or overlooked by the broader consensus. By taking a patient, long-term view and allowing investment decisions to be driven by individual conviction rather than committee consensus, the firm aims to capture significant mispricings and deliver superior risk-adjusted returns over full market cycles.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Orbis Investment Management Limited.
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Frequently asked questions
How is the simulated portfolio for Orbis Investment Management Limited constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Orbis Investment Management Limited's largest holding?
As of the latest filing, Orbis Investment Management Limited's top position is Corpay Inc (CPAY), representing 11.7% of the portfolio. This reflects a high-conviction bet by the institution.
What is Orbis Investment Management Limited's historical performance and risk profile?
Our simulation indicates a total return of +24.6% with a win rate of 51%. Notably, the portfolio maintains a Sharpe Ratio of 3.58, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Orbis Investment Management Limited primarily invest in?
Orbis Investment Management Limited has a strong preference for the Software - Infrastructure sector, which makes up 11.7% of their disclosed assets. The portfolio also has exposure to Biotechnology, indicating a specific thematic focus.
Is Orbis Investment Management Limited's portfolio concentrated or diversified?
Orbis Investment Management Limited runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 26.5% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Orbis Investment Management Limited performed in 2026?
Our AI-simulated model portfolio for Orbis Investment Management Limited tracks a Year-to-Date (YTD) return of +22.0%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Adam Karr manage Orbis Investment Management Limited directly?
Yes, Adam Karr serves as the key portfolio manager for Orbis Investment Management Limited, overseeing the investment strategy and final capital allocation decisions.