9AT: ORBIS INVESTMENT MANAGEMENT (U.S.), L.P.

other names

ORBIS INVESTMENT MANAGEMENT (U.S.), L.P.
ORBIS INVESTMENT MANAGEMENT (U.S.), LLC

Adviser Profile

As of Date	03/25/2026
ADV Location	SAN FRANCISCO, CA, United States
Adviser Type - Large advisory firm
Number of Employees	18 29%
of those in investment advisory functions	9 29%
Registration	SEC, Approved, 02/19/2019
Other registrations (2)	SEC, ERA - Withdrawn, 01/11/2019 California, ERA - Withdrawn, 01/11/2019

AUM^*	405,417,417 110%
of that, discretionary	405,417,417 110%
Private Fund GAV^*	405,417,417 110%
Avg Account Size	405,417,417 110%
SMA’s	No
Private Funds	1
Contact Info	+1 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Fund Type	Count	GAV
Fund TypeHedge Fund	Count1	GAV$405,417,417

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser ONE68 GLOBAL CAPITAL, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM50.0m	#Funds3
Adviser BROOKLANDS	Hedge Fund422.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV422.8m	AUM1.5b	#Funds10
Adviser OPPVEST, LLC	Hedge Fund217.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV217.8m	AUM217.8m	#Funds3
Adviser BISLETT MANAGEMENT, LLC	Hedge Fund133.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV133.5m	AUM133.5m	#Funds1
Adviser PRENTICE CAPITAL MANAGEMENT, LP	Hedge Fund154.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV154.8m	AUM228.4m	#Funds3
Adviser SANTIAGO CAPITAL, LLC	Hedge Fund1.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.2m	AUM152.7m	#Funds3
Adviser OM ADVISERS LP	Hedge Fund189.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV189.5m	AUM189.5m	#Funds3
Adviser 325 CAPITAL	Hedge Fund65.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV65.8m	AUM337.8m	#Funds3
Adviser AP CAPITAL DELAWARE LLC	Hedge Fund21.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV21.7m	AUM134.8m	#Funds2
Adviser COINBASE ASSET MANAGEMENT, LLC	Hedge Fund243.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV243.9m	AUM840.5m	#Funds8

Brochure Summary

Overview

Firm Description Orbis Investment Management (U.S.), L.P. (“Orbis”) is a fundamental, long-term, contrarian investment adviser that limits its focus to U.S. equities. Orbis is a member of the global Orbis group of companies, which was founded in 1989 (the “Orbis Group”). Orbis is based in San Francisco and was established in the United States in 2007. A majority of the beneficiary interests in Orbis are owned by Allan & Gill Gray Philanthropy Trust, a charitable trust. Orbis and the Orbis Group are ultimately controlled by Allan & Gill Gray Foundation. Allan Gray was the founder of the Orbis Group. Advisory Services Orbis has two clients:  Orbis is the portfolio manager of a limited partnership that invests primarily in U.S. equities (the “Orbis U.S. Equity Fund”). The Orbis U.S. Equity Fund is a “3(c)(7) fund” restricted to investors who are qualified purchasers or otherwise eligible under Section 3(c)(7) of the Investment Company Act of 1940, as amended.  Orbis provides written investment recommendations regarding U.S. equity securities

to Orbis Investment Management Limited, a member of the Orbis Group. Orbis does not manage any separately managed accounts. The Orbis U.S. Equity Fund is not subject to an individual investor’s investment restrictions, but the Fund is managed in accordance with the private placement memorandum of the Fund. Orbis tailors its advisory services to the specific investment objective and investment restrictions set forth in the investment advisory agreement between Orbis and Orbis Investment Management Limited. Orbis does not provide financial planning services and does not provide tax, accounting, or legal services or advice, other than services provided to other members of the Orbis Group. As of January 1, 2024, Orbis managed on a discretionary basis $196 million in assets, representing all the assets of the Orbis U.S. Equity Fund. Orbis does not manage any assets on a non-discretionary basis over which it provides continuous and regular supervisory or management services. As of January 1, 2024, the Orbis Group managed approximately $36 billion in assets.

ORBIS INVESTMENT MANAGEMENT (U.S.), L.P.

Adviser Profile

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Compensation Arrangments

Reported AUM

Private Funds

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Brochure Summary

Overview