SCHEDULE: Orbis, Allan Gray Boost Cinemark Stake to 8.8%

Investment firms Orbis Investment Management Limited and Allan Gray Australia Pty Ltd jointly report beneficial ownership of 8.8% of Cinemark Holdings, Inc. common stock.

Summary

• Orbis Investment Management Limited and Allan Gray Australia Pty Ltd (collectively, the "Reporting Persons") have filed an Amendment No. 6 to Schedule 13G.
• The filing reports their beneficial ownership in Cinemark Holdings, Inc. Common Stock, $0.001 Par Value.
• As of June 30, 2025, the Reporting Persons collectively beneficially own 10,098,174 shares of Cinemark Holdings, Inc. Common Stock.
• This represents 8.8% of the outstanding shares of the class.
• Orbis Investment Management Limited holds sole voting and dispositive power over 10,045,947 shares, representing 8.7% of the class.
• Allan Gray Australia Pty Ltd holds sole voting and dispositive power over 52,227 shares, representing 0% of the class.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 7

Explanation: The filing is a routine beneficial ownership disclosure, indicating a significant, non-control-seeking stake by two investment firms. This suggests continued confidence in the issuer without implying any immediate operational or financial changes.

Positives

• Significant stake held by reputable investment firms, indicating potential long-term confidence in Cinemark Holdings, Inc.

Negatives

• No negative information regarding Cinemark Holdings, Inc. was disclosed in this ownership filing.

Risks

• No specific risks related to Cinemark Holdings, Inc. were disclosed in this ownership filing.

Future Outlook

No forward-looking statements or guidance were provided in this beneficial ownership filing.

Management Comments

• No direct management comments from Cinemark Holdings, Inc. were included in this filing.

Industry Context

The filing reflects continued institutional investor interest in the cinema and entertainment industry, with significant stakes held by investment management firms.

Stakeholder Impact

• Shareholders: Provides transparency on significant institutional holdings, potentially signaling investor confidence.
• Management: Awareness of a large, passive institutional shareholder base.

Next Steps

• Continued monitoring of Cinemark Holdings, Inc.'s performance and future disclosures.

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of beneficial ownership by two investment management firms, Orbis Investment Management Limited and Allan Gray Australia Pty Ltd, collectively holding 8.8% of Cinemark Holdings, Inc. common stock. The filing explicitly states that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. As such, it does not contain new financial performance data, strategic shifts, or material operational updates that would warrant a change in investment thesis. The continued significant, passive institutional holding suggests a stable long-term view from these investors, supporting a "hold" recommendation for existing shareholders. New investors would need to conduct further due diligence on Cinemark's fundamentals and market conditions.

Keywords

Cinemark Holdings, Common Stock, Orbis Investment Management, Allan Gray Australia, Beneficial Ownership, SEC Filing, Schedule 13G, Investment Management, Cinema, Entertainment