Private fund adviser · SAN Francisco, CA
Orbis Investment Management (u.s.), L.P.
SEC-registered investment adviser · CRD 158511 · SEC 801-114700
At a glance
Orbis Investment Management (u.s.), L.P. is an SEC-registered investment adviser based in SAN Francisco, California, with $405 million in regulatory assets under management as of its Form ADV filed March 25, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 3,276th of 4,686 private fund advisers and 8,723rd of 17,210 SEC-registered advisers by assets.
Main office 415-489-3600orbis.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $405M
- Rank among private fund advisers
- #3,276 of 4,686
- Rank among all SEC RIAs
- #8,723 of 17,210
- Rank in California
- #1,013 of 1,873
- Clients
- 2
- Accounts
- 1
- Discretionary
- 100% of AUM
- Employees
- 18
- Advisory staff
- 9
- Offices
- 1
Owners and executives on its Form ADV
- Adam R. KarrManaging Partner
- Stephen M Gaarder-WangChief Compliance Officer, Secretary, and Legal Counsel
- Martin A. HallTrustee of Buchanan Friendship Trust
- Melissa S. McMorrowTrustee of Allan & Gill Gray Philanthropy Trust
Custody and brokerage
Custodian
Orbis Investment Management (u.s.), L.P.’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Broker-dealer
Hybrid RIA
Orbis Investment Management (u.s.), L.P. is a hybrid RIA: 6 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Allan Gray Australia PTY Limited, Allan Gray International Proprietary Limited, Allan Gray South Africa Proprietary Limited, Orbis Investment Advisory (canada) Limited, Orbis Investment Advisory PTY Limited, Orbis Investment Management (hong Kong) Limited, Orbis Investment Management (luxembourg) S.A., Orbis Investment Management Limited, Orbis Investments (u.k.) Limited, Orbis Investments K.K. and Orbis Portfolio Management (europe) LLP.
- Allan Gray Australia PTY Limited
- Allan Gray International Proprietary Limited
- Allan Gray South Africa Proprietary Limited
- Orbis Investment Advisory (canada) Limited
- Orbis Investment Advisory PTY Limited
- Orbis Investment Management (hong Kong) Limited
- Orbis Investment Management (luxembourg) S.A.
- Orbis Investment Management Limited ↗CRD 157571
- Orbis Investments (u.k.) Limited
- Orbis Investments K.K.
- Orbis Portfolio Management (europe) LLP
Its Form ADV brochure (filed March 2026) names Orbis Investments as the broker-dealer its advisers are registered with.
Certain employees of Orbis are also registered representatives of Orbis Investments (U.S.), LLC, a registered broker -dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 1 | $405M | 100% |
| Other investment advisers | 1 | $0M | 0% |
Private funds
Orbis Investment Management (u.s.), L.P. reports 1 private funds with $405M in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
Orbis Investment Management (u.s.), L.P. reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
- Other services
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗orbis.com ↗
AtlasMembers
The full record on Orbis Investment Management (u.s.), L.P.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 6 years of filings
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- Growth over one, three and five years
- Locked
- Rank against 2,231 peers of its type and size
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- Owners and executives, with titles and stakes
- 4 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 1Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Orbis Investment Management (u.s.), L.P. manage?
Orbis Investment Management (u.s.), L.P. reports $405 million in regulatory assets under management across 1 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 25, 2026.
What kind of firm is Orbis Investment Management (u.s.), L.P.?
Orbis Investment Management (u.s.), L.P. is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Orbis Investment Management (u.s.), L.P.’s clients?
By assets, its largest client types are pooled investment vehicles ($405 million, 1 clients); other investment advisers ($0, 1 clients).
Does Orbis Investment Management (u.s.), L.P. manage private funds?
Yes. It reports 1 private funds with $405 million in gross assets, including hedge funds.
Does Orbis Investment Management (u.s.), L.P. have any disciplinary history?
Orbis Investment Management (u.s.), L.P. reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Orbis Investment Management (u.s.), L.P.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-25), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →