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Allan Gray Australia Pty Limited
Simon Mawhinney · Asset Manager · Value
Allan Gray Australia Pty Limited is a privately-owned investment management firm established in 2005. A sister company to Orbis Investments, it was founded to bring the contrarian investment philosophy of Dr. Allan Gray to the Australian market. Based in Sydney, the firm focuses on managing high-conviction portfolios across Australian and global equities, as well as multi-asset strategies. Its history is deeply connected to the broader Allan Gray group, which has been applying a value-driven approach since 1973. The institution specializes in identifying undervalued and overlooked securities through intensive, fundamental bottom-up research, aiming to deliver superior long-term returns for retail and institutional clients by deviating significantly from market benchmarks.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +53.6% |
| YTD return | -1.9% |
| Sharpe ratio | 3.80 |
| Win rate | 54% |
| AUM | $0.9B |
| Inception | Oct 1, 2025 |
| Updated | Sep 3, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.9B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.allangray.com.au/ |
Current Holdings
Updated on Sep 3, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| AA | Alcoa Corp | 81.0% | +40.7% |
| NEM | Newmont Goldcorp Corp | 10.6% | +4.0% |
| RIO | Rio Tinto ADR | 3.0% | +4.2% |
| AMCR | Amcor PLC | 2.2% | -4.3% |
| TSM | Taiwan Semiconductor Manufacturing | 0.8% | +18.6% |
| KMI | Kinder Morgan Inc | 0.7% | -4.8% |
| GMAB | Genmab AS | 0.3% | +20.2% |
| BTI | British American Tobacco p.l.c. | 0.3% | -4.4% |
| CNK | Cinemark Holdings Inc | 0.2% | +23.6% |
| WSE | Wise Group plc Class A Ordinary Shares | 0.2% | +1.2% |
| NBIS | Nebius Group N.V. | 0.2% | +39.8% |
| PRAX | Praxis Precision Medicines Inc | 0.2% | +13.7% |
| BRKR | Bruker Corporation | 0.2% | +49.8% |
| IMAX | Imax Corp | 0.1% | +23.2% |
| PTLO | Portillo's Inc | 0.0% | -31.7% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 31, 2026 | BUY | PRAX | 0.2% → 0.2% |
| Aug 31, 2026 | SELL | AA | 82.4% → 81.0% |
| Aug 31, 2026 | SELL | GMAB | 0.3% → 0.3% |
| Aug 31, 2026 | BUY | AMCR | 2.3% → 2.2% |
| Aug 31, 2026 | BUY | RIO | 3.0% → 3.0% |
Investment Style Analysis
Allan Gray Australia Pty Limited is widely recognized for employing a Value strategy. As of Sep 3, 2026, the firm oversees approximately $0.9B in assets under management (AUM). The portfolio demonstrates a clear preference for the Aluminum and Gold sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 31, Allan Gray Australia Pty Limited made a significant move by increasing exposure to PRAX. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Allan Gray Australia follows a contrarian, long-term investment philosophy that centers on fundamental, bottom-up research. The firm believes that the best opportunities are often found in areas of the market that are currently unpopular or overlooked, where share prices may not reflect a company's true intrinsic value. Analysts focus on calculating the present value of a company’s potential future cash flows over a long-term horizon, typically five to ten years. By purchasing assets at a significant discount to their intrinsic value, the firm aims to build a margin of safety into its portfolios. This strategy avoids short-term market noise and macroeconomic forecasting, instead prioritizing disciplined, high-conviction investing in securities that the team believes are undervalued.
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 Allan Gray Australia Pty Limited.
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Frequently asked questions
How is the simulated portfolio for Allan Gray Australia Pty 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 Allan Gray Australia Pty Limited's largest holding?
As of the latest filing, Allan Gray Australia Pty Limited's top position is Alcoa Corp (AA), representing 81.0% of the portfolio. This reflects a high-conviction bet by the institution.
What is Allan Gray Australia Pty Limited's historical performance and risk profile?
Our simulation indicates a total return of +53.6% with a win rate of 54%. Notably, the portfolio maintains a Sharpe Ratio of 3.80, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Allan Gray Australia Pty Limited primarily invest in?
Allan Gray Australia Pty Limited has a strong preference for the Aluminum sector, which makes up 81.0% of their disclosed assets. The portfolio also has exposure to Gold, indicating a specific thematic focus.
Is Allan Gray Australia Pty Limited's portfolio concentrated or diversified?
Allan Gray Australia Pty Limited runs a highly concentrated portfolio with 15 disclosed positions. The top 3 holdings alone account for 94.6% of the total portfolio weight, suggesting a strategy that favors deep research into a few key names.
How has Allan Gray Australia Pty Limited performed in 2026?
Our AI-simulated model portfolio for Allan Gray Australia Pty Limited tracks a Year-to-Date (YTD) return of -1.9%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Simon Mawhinney manage Allan Gray Australia Pty Limited directly?
Yes, Simon Mawhinney serves as the key portfolio manager for Allan Gray Australia Pty Limited, overseeing the investment strategy and final capital allocation decisions.