[SCHEDULE 13G/A] Portillo's Inc. SEC Filing
Amendment No. 6 to Schedule 13G filed for Portillo's Inc. (PTLO) shows that Orbis Investment Management Ltd and affiliate Allan Gray Australia Pty Ltd now beneficially own 6,468,501 Class A shares, or 10.1 % of the outstanding class, as of 31 Jul 2025.
Orbis holds 6,432,551 shares and Allan Gray 35,950 shares; each entity reports sole voting and dispositive power and no shared power. The foreign investment advisers filed under Rule 13d-1(b) and certify that the stake was acquired in the ordinary course with no intent to influence control. They expressly disclaim group status under Section 13(d)(3).
Crossing the 10 % threshold places Orbis among PTLO鈥檚 largest holders, tightening the shareholder base and signalling increased institutional confidence, while potentially giving the firm greater influence on future corporate matters.
Emendamento n. 6 al Modulo 13G presentato per Portillo's Inc. (PTLO) mostra che Orbis Investment Management Ltd e la sua affiliata Allan Gray Australia Pty Ltd detengono ora 6.468.501 azioni di Classe A, pari al 10,1% della classe in circolazione, al 31 luglio 2025.
Orbis possiede 6.432.551 azioni mentre Allan Gray ne detiene 35.950; ciascuna entit脿 dichiara di avere pieno potere di voto e di disposizione e nessun potere condiviso. I consulenti d'investimento esteri hanno presentato la documentazione ai sensi della Regola 13d-1(b) e certificano che la partecipazione 猫 stata acquisita nell'ordinaria attivit脿 senza l'intenzione di influenzare il controllo. Essi escludono espressamente lo status di gruppo ai sensi della Sezione 13(d)(3).
Superare la soglia del 10% colloca Orbis tra i maggiori azionisti di PTLO, restringendo la base azionaria e segnalando una maggiore fiducia istituzionale, potenzialmente conferendo alla societ脿 un'influenza pi霉 significativa nelle future decisioni aziendali.
Enmienda No. 6 al Anexo 13G presentada para Portillo's Inc. (PTLO) indica que Orbis Investment Management Ltd y su afiliada Allan Gray Australia Pty Ltd poseen ahora 6.468.501 acciones Clase A, lo que representa el 10,1% de la clase en circulaci贸n, a fecha del 31 de julio de 2025.
Orbis posee 6.432.551 acciones y Allan Gray 35.950; cada entidad declara tener poder exclusivo de voto y disposici贸n y ning煤n poder compartido. Los asesores de inversi贸n extranjeros presentaron la documentaci贸n conforme a la Regla 13d-1(b) y certifican que la participaci贸n fue adquirida en el curso ordinario sin intenci贸n de influir en el control. Rechazan expresamente el estatus de grupo seg煤n la Secci贸n 13(d)(3).
Al superar el umbral del 10%, Orbis se sit煤a entre los mayores accionistas de PTLO, lo que estrecha la base accionarial y se帽ala una mayor confianza institucional, al tiempo que podr铆a otorgar a la firma una mayor influencia en asuntos corporativos futuros.
Portillo's Inc. (PTLO)鞐� 雽�頃� 13G 鞚检爼 靾橃爼鞎� 6順�鞐� 霐半ゴ氅� Orbis Investment Management Ltd鞕� 瓿勳棿靷� Allan Gray Australia Pty Ltd臧� 2025雲� 7鞗� 31鞚� 旮办鞙茧 6,468,501欤� 韥措灅鞀� A 欤检嫕鞚� 氤挫湢頃橃棳 鞝勳泊 氚滍枆 欤检嫕鞚� 10.1%毳� 靻岇湢頃橁碃 鞛堨姷雼堧嫟.
Orbis電� 6,432,551欤茧ゼ, Allan Gray電� 35,950欤茧ゼ 氤挫湢頃橂┌, 臧� 旮瓣磤鞚� 雼弲 鞚橁舶甓� 氚� 觳橂秳甓�鞚� 臧�歆�瓿� 鞛堦碃 瓿惦彊 甓岉暅鞚� 鞐嗠嫟瓿� 氤搓碃頄堨姷雼堧嫟. 鞕戈淡 韴瀽 鞛愲靷摛鞚� 攴滌箼 13d-1(b)鞐� 霐半澕 鞁犼碃頄堨溂氅�, 鞚� 歆�攵勳潃 韱奠儊鞝侅澑 瓯半灅 瓿检爼鞐愳劀 旆摑霅橃棃鞙茧┌ 瓴届榿甓岇棎 鞓來枼鞚� 氙胳範 鞚橂弰臧� 鞐嗢潓鞚� 歃濍獏頄堨姷雼堧嫟. 霕愴暅 13(d)(3)臁办棎 霐半ジ 攴鸽９ 歆�鞙勲姅 氇呿檿頌� 攵�鞚疙枅鞀惦媹雼�.
10% 鞛勱硠旃橂ゼ 雱橃溂氅挫劀 Orbis電� PTLO鞚� 欤检殧 欤检＜ 欷� 頃橂倶臧� 霅橃棃鞙茧┌, 欤检＜ 旮半皹鞚� 雿旍毐 瓴碃頃挫瓿� 旮瓣磤 韴瀽鞛愳潣 鞁犽臧� 雴掛晞臁岇潓鞚� 雮橅儉雮措┌, 頄ロ泟 旮办梾 靷晥鞐� 雽�頃� 雿� 韥� 鞓來枼霠レ潉 頄夓偓頃� 臧�電レ劚鞚� 鞛堨姷雼堧嫟.
Amendement n掳6 au Schedule 13G d茅pos茅 pour Portillo's Inc. (PTLO) indique que Orbis Investment Management Ltd et son affili茅 Allan Gray Australia Pty Ltd d茅tiennent d茅sormais 6 468 501 actions de Classe A, soit 10,1 % de la classe en circulation, au 31 juillet 2025.
Orbis d茅tient 6 432 551 actions et Allan Gray 35 950 actions ; chaque entit茅 d茅clare avoir le pouvoir exclusif de vote et de disposition et aucun pouvoir partag茅. Les conseillers en investissement 茅trangers ont d茅pos茅 sous la r猫gle 13d-1(b) et certifient que la participation a 茅t茅 acquise dans le cours normal des affaires sans intention d'influencer le contr么le. Ils d茅clinent express茅ment le statut de groupe selon la section 13(d)(3).
Le franchissement du seuil de 10 % place Orbis parmi les principaux actionnaires de PTLO, resserrant la base d'actionnaires et signalant une confiance institutionnelle accrue, tout en donnant potentiellement 脿 la soci茅t茅 une plus grande influence sur les futures questions corporatives.
脛nderung Nr. 6 zum Schedule 13G f眉r Portillo's Inc. (PTLO) zeigt, dass Orbis Investment Management Ltd und die Tochtergesellschaft Allan Gray Australia Pty Ltd zum 31. Juli 2025 nun 6.468.501 Class A Aktien besitzen, was 10,1 % der ausstehenden Aktienklasse entspricht.
Orbis h盲lt 6.432.551 Aktien und Allan Gray 35.950 Aktien; jede Einheit berichtet 眉ber alleiniges Stimm- und Verf眉gungsrecht und keine geteilte Macht. Die ausl盲ndischen Anlageberater reichten die Unterlagen gem盲脽 Regel 13d-1(b) ein und best盲tigen, dass die Beteiligung im normalen Gesch盲ftsverlauf ohne Absicht zur Einflussnahme auf die Kontrolle erworben wurde. Sie lehnen ausdr眉cklich den Gruppenstatus nach Abschnitt 13(d)(3) ab.
Das 脺berschreiten der 10 %-Schwelle platziert Orbis unter die gr枚脽ten Anteilseigner von PTLO, verengt die Aktion盲rsbasis und signalisiert ein gestiegenes institutionelles Vertrauen, w盲hrend es der Firma potenziell gr枚脽eren Einfluss auf zuk眉nftige Unternehmensangelegenheiten verschafft.
- Institutional vote of confidence: Orbis鈥� 6.47 M-share position takes total ownership to 10.1 %, signalling long-term commitment.
- Passive intent certified: Filing under Rule 13d-1(b) indicates no immediate activist agenda, reducing governance disruption risks.
- Ownership concentration: A single investor now controls 10 % of the float, heightening liquidity risk if the position is unwound.
- Potential voting leverage: Orbis鈥� large stake could sway key resolutions, affecting minority shareholder influence.
Insights
TL;DR: Orbis鈥� 10.1 % stake boosts institutional support for PTLO; modestly positive signal.
The disclosure that Orbis controls more than one-tenth of PTLO鈥檚 float suggests a long-term, fundamentals-driven position rather than short-term activism. Elevated institutional ownership can improve liquidity and research coverage, possibly narrowing the discount to peers. Because the filing is passive (13G, not 13D), immediate governance disruption is unlikely. Nonetheless, Orbis鈥� voting power could become decisive in close shareholder ballots, subtly shifting the balance toward value-oriented oversight.
TL;DR: Passive filing limits activism, but 10 % holding concentrates voting power.
While Orbis certifies no intent to influence control, the size of its stake means management must monitor this holder鈥檚 preferences on say-on-pay and strategic initiatives. The absence of group affiliation reduces coordination risk, yet a single institution鈥檚 exit could pressure the share price. Overall impact is neutral-to-slightly positive, given passive intent balanced against concentration risk.
Emendamento n. 6 al Modulo 13G presentato per Portillo's Inc. (PTLO) mostra che Orbis Investment Management Ltd e la sua affiliata Allan Gray Australia Pty Ltd detengono ora 6.468.501 azioni di Classe A, pari al 10,1% della classe in circolazione, al 31 luglio 2025.
Orbis possiede 6.432.551 azioni mentre Allan Gray ne detiene 35.950; ciascuna entit脿 dichiara di avere pieno potere di voto e di disposizione e nessun potere condiviso. I consulenti d'investimento esteri hanno presentato la documentazione ai sensi della Regola 13d-1(b) e certificano che la partecipazione 猫 stata acquisita nell'ordinaria attivit脿 senza l'intenzione di influenzare il controllo. Essi escludono espressamente lo status di gruppo ai sensi della Sezione 13(d)(3).
Superare la soglia del 10% colloca Orbis tra i maggiori azionisti di PTLO, restringendo la base azionaria e segnalando una maggiore fiducia istituzionale, potenzialmente conferendo alla societ脿 un'influenza pi霉 significativa nelle future decisioni aziendali.
Enmienda No. 6 al Anexo 13G presentada para Portillo's Inc. (PTLO) indica que Orbis Investment Management Ltd y su afiliada Allan Gray Australia Pty Ltd poseen ahora 6.468.501 acciones Clase A, lo que representa el 10,1% de la clase en circulaci贸n, a fecha del 31 de julio de 2025.
Orbis posee 6.432.551 acciones y Allan Gray 35.950; cada entidad declara tener poder exclusivo de voto y disposici贸n y ning煤n poder compartido. Los asesores de inversi贸n extranjeros presentaron la documentaci贸n conforme a la Regla 13d-1(b) y certifican que la participaci贸n fue adquirida en el curso ordinario sin intenci贸n de influir en el control. Rechazan expresamente el estatus de grupo seg煤n la Secci贸n 13(d)(3).
Al superar el umbral del 10%, Orbis se sit煤a entre los mayores accionistas de PTLO, lo que estrecha la base accionarial y se帽ala una mayor confianza institucional, al tiempo que podr铆a otorgar a la firma una mayor influencia en asuntos corporativos futuros.
Portillo's Inc. (PTLO)鞐� 雽�頃� 13G 鞚检爼 靾橃爼鞎� 6順�鞐� 霐半ゴ氅� Orbis Investment Management Ltd鞕� 瓿勳棿靷� Allan Gray Australia Pty Ltd臧� 2025雲� 7鞗� 31鞚� 旮办鞙茧 6,468,501欤� 韥措灅鞀� A 欤检嫕鞚� 氤挫湢頃橃棳 鞝勳泊 氚滍枆 欤检嫕鞚� 10.1%毳� 靻岇湢頃橁碃 鞛堨姷雼堧嫟.
Orbis電� 6,432,551欤茧ゼ, Allan Gray電� 35,950欤茧ゼ 氤挫湢頃橂┌, 臧� 旮瓣磤鞚� 雼弲 鞚橁舶甓� 氚� 觳橂秳甓�鞚� 臧�歆�瓿� 鞛堦碃 瓿惦彊 甓岉暅鞚� 鞐嗠嫟瓿� 氤搓碃頄堨姷雼堧嫟. 鞕戈淡 韴瀽 鞛愲靷摛鞚� 攴滌箼 13d-1(b)鞐� 霐半澕 鞁犼碃頄堨溂氅�, 鞚� 歆�攵勳潃 韱奠儊鞝侅澑 瓯半灅 瓿检爼鞐愳劀 旆摑霅橃棃鞙茧┌ 瓴届榿甓岇棎 鞓來枼鞚� 氙胳範 鞚橂弰臧� 鞐嗢潓鞚� 歃濍獏頄堨姷雼堧嫟. 霕愴暅 13(d)(3)臁办棎 霐半ジ 攴鸽９ 歆�鞙勲姅 氇呿檿頌� 攵�鞚疙枅鞀惦媹雼�.
10% 鞛勱硠旃橂ゼ 雱橃溂氅挫劀 Orbis電� PTLO鞚� 欤检殧 欤检＜ 欷� 頃橂倶臧� 霅橃棃鞙茧┌, 欤检＜ 旮半皹鞚� 雿旍毐 瓴碃頃挫瓿� 旮瓣磤 韴瀽鞛愳潣 鞁犽臧� 雴掛晞臁岇潓鞚� 雮橅儉雮措┌, 頄ロ泟 旮办梾 靷晥鞐� 雽�頃� 雿� 韥� 鞓來枼霠レ潉 頄夓偓頃� 臧�電レ劚鞚� 鞛堨姷雼堧嫟.
Amendement n掳6 au Schedule 13G d茅pos茅 pour Portillo's Inc. (PTLO) indique que Orbis Investment Management Ltd et son affili茅 Allan Gray Australia Pty Ltd d茅tiennent d茅sormais 6 468 501 actions de Classe A, soit 10,1 % de la classe en circulation, au 31 juillet 2025.
Orbis d茅tient 6 432 551 actions et Allan Gray 35 950 actions ; chaque entit茅 d茅clare avoir le pouvoir exclusif de vote et de disposition et aucun pouvoir partag茅. Les conseillers en investissement 茅trangers ont d茅pos茅 sous la r猫gle 13d-1(b) et certifient que la participation a 茅t茅 acquise dans le cours normal des affaires sans intention d'influencer le contr么le. Ils d茅clinent express茅ment le statut de groupe selon la section 13(d)(3).
Le franchissement du seuil de 10 % place Orbis parmi les principaux actionnaires de PTLO, resserrant la base d'actionnaires et signalant une confiance institutionnelle accrue, tout en donnant potentiellement 脿 la soci茅t茅 une plus grande influence sur les futures questions corporatives.
脛nderung Nr. 6 zum Schedule 13G f眉r Portillo's Inc. (PTLO) zeigt, dass Orbis Investment Management Ltd und die Tochtergesellschaft Allan Gray Australia Pty Ltd zum 31. Juli 2025 nun 6.468.501 Class A Aktien besitzen, was 10,1 % der ausstehenden Aktienklasse entspricht.
Orbis h盲lt 6.432.551 Aktien und Allan Gray 35.950 Aktien; jede Einheit berichtet 眉ber alleiniges Stimm- und Verf眉gungsrecht und keine geteilte Macht. Die ausl盲ndischen Anlageberater reichten die Unterlagen gem盲脽 Regel 13d-1(b) ein und best盲tigen, dass die Beteiligung im normalen Gesch盲ftsverlauf ohne Absicht zur Einflussnahme auf die Kontrolle erworben wurde. Sie lehnen ausdr眉cklich den Gruppenstatus nach Abschnitt 13(d)(3) ab.
Das 脺berschreiten der 10 %-Schwelle platziert Orbis unter die gr枚脽ten Anteilseigner von PTLO, verengt die Aktion盲rsbasis und signalisiert ein gestiegenes institutionelles Vertrauen, w盲hrend es der Firma potenziell gr枚脽eren Einfluss auf zuk眉nftige Unternehmensangelegenheiten verschafft.
FAQ
How many Portillo's (PTLO) shares does Orbis Investment Management own?
What is the total percentage of PTLO鈥檚 Class A stock held by Orbis and Allan Gray?
Is Orbis seeking control of Portillo's Inc.?
Under which SEC rule was this Schedule 13G filed?
What date triggered the amended filing?
