# EDGAR Filing Document

**Accession Number:** 0001663865
**File Stem:** 0001085146-25-005520
**Filing Date:** 2025-8
**Character Count:** 28114
**Document Hash:** 553cddbcf0545afacf5c0067dc3d58bf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-005520.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001085146-25-005520

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**EFFECTIVENESS DATE**: 20250827

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Orbis Allan Gray Ltd
- **CENTRAL INDEX KEY:** 0001663865

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17459
- **FILM NUMBER:** 251258876

**BUSINESS ADDRESS:**
- **STREET 1:** ORBIS HOUSE
- **STREET 2:** 25 FRONT STREET
- **CITY:** HAMILTON
- **STATE:** D0
- **ZIP:** HM 11
- **BUSINESS PHONE:** 1 (441) 232 7006

**MAIL ADDRESS:**
- **STREET 1:** ORBIS HOUSE
- **STREET 2:** 25 FRONT STREET
- **CITY:** HAMILTON
- **STATE:** D0
- **ZIP:** HM 11

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001663865

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Orbis Allan Gray Ltd

**Address:** ORBIS HOUSE, HamiltoN, D0 HM 11

**Telephone number:** 441-296-3000

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-17459

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 3

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                   | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                                                                      | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Synaptics Inc                    | 87157D109 | 10/29/2024     | Approve our amended and restated 2019 Equity and Incentive Compensation Plan.                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        1824822 |                0 | FOR         |                                  1824822 | FOR                         |  |
| Synaptics Inc                    | 87157D109 | 10/29/2024     | Approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        1824822 |                0 | FOR         |                                  1824822 | FOR                         |  |
| Microsoft Corporation            | 594918104 | 12/10/2024     | Approve, on a nonbinding advisory basis, the compensation paid to our named executive officers.                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          39079 |                0 | FOR         |                                    39079 | FOR                         |  |
| Micron Technology Inc.           | 595112103 | 01/16/2025     | To approve, on a non-binding basis, the compensation of our named executive officers.                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |        2298671 |                0 | AGAINST     |                                  2298671 | AGAINST                     |  |
| Micron Technology Inc.           | 595112103 | 01/16/2025     | To approve the 2025 Equity Incentive Plan                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        2298671 |                0 | FOR         |                                  2298671 | FOR                         |  |
| Visa Inc                         | 92826C839 | 01/28/2025     | Approve, on an advisory basis, the compensation paid to our named executive officers                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          45558 |                0 | FOR         |                                    45558 | FOR                         |  |
| Atkore Inc                       | 047649108 | 01/30/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         196930 |                0 | FOR         |                                   196930 | FOR                         |  |
| Interactive Brokers Group Inc    | 45841N107 | 04/17/2025     | To hold an advisory vote on executive compensation.                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |        3126209 |                0 | FOR         |                                  3126209 | FOR                         |  |
| Texas Instruments Inc.           | 882508104 | 04/17/2025     | Advisory approval of the company's executive compensation                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        1052162 |                0 | FOR         |                                  1052162 | FOR                         |  |
| Global Payments, Inc.            | 37940X102 | 04/24/2025     | Approve, on an advisory basis, the compensation of our named executive officers for 2024.                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        4223917 |                0 | AGAINST     |                                  4223917 | AGAINST                     |  |
| Global Payments, Inc.            | 37940X102 | 04/24/2025     | Approve the Global Payments 2025 Incentive Plan.                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        4223917 |                0 | FOR         |                                  4223917 | FOR                         |  |
| Global Payments, Inc.            | 37940X102 | 04/24/2025     | Approve Global Payments Amended and Restated Employee Stock Purchase Plan that would increase the number of authorized shares.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |        4223917 |                0 | FOR         |                                  4223917 | FOR                         |  |
| Newmont Corp                     | 651639106 | 04/30/2025     | Advisory Vote to Approve Executive Compensation: To seek an advisory vote on the approval of our executive compensation.                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |        8974661 |                0 | AGAINST     |                                  8974661 | AGAINST                     |  |
| California Resources Corporation | 13057Q305 | 05/02/2025     | To hold an advisory vote to approve named executive officer compensation.                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        1184423 |                0 | FOR         |                                  1184423 | FOR                         |  |
| Ryder System, Inc.               | 783549108 | 05/02/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         677280 |                0 | FOR         |                                   677280 | FOR                         |  |
| Intel Corp.                      | 458140100 | 05/06/2025     | Advisory Vote on Executive Compensation                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         824534 |                0 | FOR         |                                   824534 | FOR                         |  |
| Intel Corp.                      | 458140100 | 05/06/2025     | Approval of Amendment and Restatement of the 2006 Equity Incentive Plan                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         824534 |                0 | FOR         |                                   824534 | FOR                         |  |
| Marcus Corp.                     | 566330106 | 05/07/2025     | To approve The Marcus Corporation Omnibus Incentive Plan                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |        1260565 |                0 | FOR         |                                  1260565 | FOR                         |  |
| Marcus Corp.                     | 566330106 | 05/07/2025     | To approve, by advisory vote, the compensation of our named executive officers as disclosed in the attached proxy statement                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        1260565 |                0 | FOR         |                                  1260565 | FOR                         |  |
| Alnylam Pharmaceuticals Inc      | 02043Q107 | 05/08/2025     | To approve our Second Amended and Restated 2018 Stock Incentive Plan, to, among other things, increase the number of shares authorized for issuance thereunder by 7,000,000 shares.                                                                   | SECTION 14A SAY-ON-PAY VOTES |        1319195 |                0 | FOR         |                                  1319195 | FOR                         |  |
| Alnylam Pharmaceuticals Inc      | 02043Q107 | 05/08/2025     | To approve, on a non-binding advisory basis, the compensation of our named executive officers, as described in the Compensation Discussion and Analysis, executive compensation tables and accompanying narrative disclosures in this proxy statement | SECTION 14A SAY-ON-PAY VOTES |        1319195 |                0 | FOR         |                                  1319195 | FOR                         |  |
| AES Corp.                        | 00130H105 | 05/09/2025     | Approval, on an Advisory Basis, of the Company�s Executive Compensation                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |       21614782 |                0 | AGAINST     |                                 21614782 | AGAINST                     |  |
| AES Corp.                        | 00130H105 | 05/09/2025     | Approval of The AES Corporation 2025 Equity and Incentive Compensation Plan                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |       21614782 |                0 | FOR         |                                 21614782 | FOR                         |  |
| QXO Inc.                         | 82846H405 | 05/12/2025     | To conduct an advisory vote to approve the executive compensation of our named executive officers, as disclosed in the Proxy Statement                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |       87498338 |                0 | FOR         |                                 87498338 | FOR                         |  |
| GXO Logistics Inc                | 36262G101 | 05/13/2025     | To conduct an advisory vote to approve the executive compensation of our NEOs as disclosed in this Proxy Statement                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |       10883587 |                0 | FOR         |                                 10883587 | FOR                         |  |
| Elevance Health Inc              | 036752103 | 05/14/2025     | Advisory Vote to Approve the Compensation of Our Named Executive Officers                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        2349420 |                0 | FOR         |                                  2349420 | FOR                         |  |
| Fortune Brands Innovations Inc   | 34964C106 | 05/14/2025     | Advisory vote to approve named executive officer compensation                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         613969 |                0 | FOR         |                                   613969 | FOR                         |  |
| Hilton Worldwide Holdings Inc    | 43300A203 | 05/14/2025     | To approve, in a non-binding advisory vote, the compensation paid to our named executive officers.                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          63773 |                0 | FOR         |                                    63773 | FOR                         |  |
| Cinemark Holdings Inc            | 17243V102 | 05/15/2025     | Advisory vote to approve compensation of named executive officers                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |       10075845 |                0 | FOR         |                                 10075845 | FOR                         |  |
| Kinder Morgan Inc                | 49456B101 | 05/15/2025     | An advisory vote on executive compensation.                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |       18706119 |                0 | FOR         |                                 18706119 | FOR                         |  |
| Motorola Solutions Inc           | 620076307 | 05/15/2025     | Advisory Approval of the Company's Executive Compensation                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         599833 |                0 | FOR         |                                   599833 | FOR                         |  |
| XPO Inc                          | 983793100 | 05/15/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |        2209042 |                0 | FOR         |                                  2209042 | FOR                         |  |
| Amazon.com Inc.                  | 023135106 | 05/21/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          42855 |                0 | WITHHELD    |                                    42855 | NONE                        |  |
| RXO Inc                          | 74982T103 | 05/21/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |       25233396 |                0 | FOR         |                                 25233396 | FOR                         |  |
| Mastec Inc.                      | 576323109 | 05/22/2025     | Approval of a non-binding advisory resolution regarding the compensation of our named executive officers                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         225634 |                0 | FOR         |                                   225634 | FOR                         |  |
| Howmet Aerospace Inc             | 443201108 | 05/28/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          24108 |                0 | FOR         |                                    24108 | FOR                         |  |
| Unitedhealth Group Inc           | 91324P102 | 06/02/2025     | Advisory Approval of Executive Compensation                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         560783 |                0 | FOR         |                                   560783 | FOR                         |  |
| Booking Holdings Inc             | 09857L108 | 06/03/2025     | Advisory Vote to Approve 2024 Executive Compensation                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |           3565 |                0 | WITHHELD    |                                     3565 | NONE                        |  |
| Emcor Group, Inc.                | 29084Q100 | 06/05/2025     | To consider a non-binding advisory resolution approving named executive officer compensation.                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          29001 |                0 | FOR         |                                    29001 | FOR                         |  |
| Emcor Group, Inc.                | 29084Q100 | 06/05/2025     | To approve the First Amendment to the Amended  Restated 2010 Incentive Plan.                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          29001 |                0 | FOR         |                                    29001 | FOR                         |  |
| Navient Corp                     | 63938C108 | 06/05/2025     | Non-binding advisory shareholder vote to approve the compensation paid to our named executive officers                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        2317314 |                0 | FOR         |                                  2317314 | FOR                         |  |
| Portillos Inc                    | 73642K106 | 06/10/2025     | Advisory Vote on Executive Compensation                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |        5421604 |                0 | FOR         |                                  5421604 | FOR                         |  |
| Corpay Inc.                      | 219948106 | 06/11/2025     | To approve, on an advisory basis, named executive officer compensation                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        2983358 |                0 | FOR         |                                  2983358 | FOR                         |  |
| Generac Holdings Inc             | 368736104 | 06/12/2025     | To approve, on an advisory, non-binding basis, the compensation of our executive officers                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         207049 |                0 | FOR         |                                   207049 | FOR                         |  |
| PennyMac Financial Services Inc. | 70932M107 | 06/18/2025     | Approval, by non-binding advisory vote, the compensation for our named executive officers                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         723816 |                0 | FOR         |                                   723816 | FOR                         |  |
| Synaptics Inc                    | 87157D109 | 10/29/2024     | Approve our amended and restated 2019 Equity and Incentive Compensation Plan.                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        1824822 |                0 | FOR         |                                  1824822 | FOR                         |  |
| Synaptics Inc                    | 87157D109 | 10/29/2024     | Approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        1824822 |                0 | FOR         |                                  1824822 | FOR                         |  |
| Micron Technology Inc.           | 595112103 | 01/16/2025     | To approve, on a non-binding basis, the compensation of our named executive officers.                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |        2298671 |                0 | AGAINST     |                                  2298671 | AGAINST                     |  |
| Micron Technology Inc.           | 595112103 | 01/16/2025     | To approve the 2025 Equity Incentive Plan                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        2298671 |                0 | FOR         |                                  2298671 | FOR                         |  |
| The Walt Disney Company          | 254687106 | 03/20/2025     | Consideration of an advisory vote to approve executive compensation.                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |        2888297 |                0 | AGAINST     |                                  2888297 | AGAINST                     |  |
| Marriott International Inc       | 571903202 | 09/05/2025     | Advisory vote to approve executive compensation.                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         309641 |                0 | FOR         |                                   309641 | FOR                         |  |
| Morgan Stanley                   | 617446448 | 05/15/2025     | To Approve the Compensation of Executives as Disclosed in the Proxy Statement (Non-Binding Advisory Vote)                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         114172 |                0 | WITHHELD    |                                   114172 | NONE                        |  |
| Booking Holdings Inc             | 09857L108 | 03/06/2025     | Advisory vote to approve 2024 executive compensation.                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          39052 |                0 | AGAINST     |                                    39052 | AGAINST                     |  |

## N-PX: Signature Block

**Reporting Person:** Orbis Allan Gray Ltd

**By (Signature):** Matthew Gaarder

**By (Printed Signature):** Matthew Gaarder

**By (Title):** Attorney-in-fact

**Date:** 08/26/2025