SCHEDULE 13G/A: Orbis Investment Management and Allan Gray Australia Disclose 9.2% Stake in Cinemark Holdings
Beneficial Ownership Report (Schedule 13G Amendment)
Orbis Investment Management Ltd. and Allan Gray Australia Pty Ltd. have jointly disclosed a combined beneficial ownership of 9.2% in Cinemark Holdings, Inc. as of December 31, 2024.
Summary
- Orbis Investment Management Ltd. and Allan Gray Australia Pty Ltd. (collectively, the "Reporting Persons") have filed an Amendment No. 4 to Schedule 13G regarding their beneficial ownership in Cinemark Holdings, Inc.
- As of December 31, 2024, the Reporting Persons collectively beneficially own 11,297,455 shares of Cinemark Holdings, Inc. Common Stock.
- This aggregate amount represents 9.2% of the class of securities.
- Orbis Investment Management Ltd. holds sole voting and dispositive power over 11,245,228 shares.
- Allan Gray Australia Pty Ltd. holds sole voting and dispositive power over 52,227 shares.
- Both entities are classified as Non-U.S. institutions equivalent to Investment Advisers.
- The Reporting Persons explicitly state they are not a group for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934 and each disclaims beneficial ownership of shares owned by the other.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: This document is a factual disclosure of beneficial ownership and does not contain subjective language or performance metrics that would indicate a positive or negative sentiment. It is a neutral regulatory filing.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of beneficial ownership by institutional investors in a publicly traded company within the entertainment and cinema exhibition industry. It reflects an investment decision by the named firms rather than a statement on broader industry trends.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and trading activity.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (end of reporting period). |
| 02/14/2025 | Signature date of the Schedule 13G filing by Orbis Investment Management Ltd. and Allan Gray Australia Pty Ltd. |
Keywords
Cinemark Holdings Inc., Orbis Investment Management, Allan Gray Australia, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment Adviser, Institutional Investor
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