SCHEDULE 13G/A: Orbis Investment Management Group Discloses 10.6% Stake in GXO Logistics

Orbis Investment Management Ltd and its affiliates have filed an amended Schedule 13G, revealing a combined beneficial ownership of 10.6% of GXO Logistics, Inc.'s common stock as of December 31, 2024.

Summary

• Orbis Investment Management Ltd, Allan Gray Australia Pty Ltd, and Orbis Investment Management (U.S.), L.P. (collectively, the "Reporting Persons") have filed Amendment No. 5 to Schedule 13G.
• The filing reports their beneficial ownership in GXO Logistics, Inc. common stock, $0.01 Par Value (CUSIP: 36262G101).
• As of December 31, 2024, the aggregate amount beneficially owned by the Reporting Persons is 12,654,819 shares.
• This aggregate amount represents 10.6% of GXO Logistics, Inc.'s common stock.
• Orbis Investment Management Ltd holds the largest portion with 12,385,608 shares, representing 10.4% of the class, with sole voting and dispositive power.
• Orbis Investment Management (U.S.), L.P. holds 265,900 shares, representing 0.2% of the class, with sole voting and dispositive power.
• Allan Gray Australia Pty Ltd holds 3,311 shares, representing 0% of the class, with sole voting and dispositive power.
• The Reporting Persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: Neutral, as this is a factual ownership disclosure without performance data or forward-looking statements from the company.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and liquidity.

Key Dates

Keywords

GXO Logistics, Orbis Investment Management, Allan Gray Australia, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Logistics, Investment Management