Orbis & Allan Gray Group Hold 12.3M Cinemark Shares

TL;DR

**Big institutional investors still own a ton of Cinemark stock.**

AI Summary

Orbis Investment Management Limited and Allan Gray Australia Pty Limited, acting as a group, have updated their beneficial ownership in Cinemark Holdings, Inc. This SC 13G/A filing, dated December 31, 2023, reveals they collectively hold sole voting power over 12,315,523 shares of Cinemark's Common Stock. This represents a significant stake, indicating their continued confidence in the movie theater chain, which could be a positive signal for current and prospective investors.

Why It Matters

This filing shows a major institutional investor group maintains a substantial position in Cinemark, signaling their long-term belief in the company's prospects, which can influence other investors.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant institutional holding, which generally reduces volatility and risk for other shareholders.

Analyst Insight

A smart investor would view this as a sign of continued institutional confidence in Cinemark, potentially reinforcing a 'hold' or 'buy' decision, especially if they align with the long-term investment thesis of these funds.

Key Numbers

• 12,315,523 — Shares with Sole Voting Power (The total number of Cinemark shares beneficially owned by Orbis Investment Management Limited and Allan Gray Australia Pty Limited as a group.)
• December 31, 2023 — Date of Event (The date as of which the beneficial ownership information is reported in the filing.)
• 005-83482 — SEC File Number (The SEC file number for Cinemark Holdings, Inc.)

Key Players & Entities

• Orbis Investment Management Limited (company) — reporting person and beneficial owner
• Allan Gray Australia Pty Limited (company) — reporting person and beneficial owner, part of the group with Orbis
• Cinemark Holdings, Inc. (company) — the issuer of the securities
• Bermuda (company) — place of organization for Orbis Investment Management Limited
• Australia (company) — place of organization for Allan Gray Australia Pty Limited

Forward-Looking Statements

• Orbis Investment Management Limited and Allan Gray Australia Pty Limited will maintain a significant stake in Cinemark Holdings, Inc. (Cinemark Holdings, Inc.) — medium confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.001 — s, Inc (Name of Issuer) Common Stock, $0.001 Par Value (Title of Class of Securitie

Filing Documents

• cnka1.htm (SC 13G/A) — 28KB
• 0001085146-24-000130.txt ( ) — 29KB

(a)

ITEM 1(a). NAME OF ISSUER: Cinemark Holdings, Inc

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 3900 DALLAS PARKWAY PLANO, TX, 75093 USA

(a)

ITEM 2(a). NAME OF PERSON FILING: Orbis Investment Management Limited ("OIML"); Allan Gray Australia Pty Limited ("AGAPL")

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: OIML: Orbis House, 25 Front Street, Hamilton Bermuda HM11 AGAPL: Level 2, Challis House, 4 Martin Place, Sydney NSW2000, Australia

(c)

ITEM 2(c). CITIZENSHIP: OIML is a company organized under the laws of Bermuda. AGAPL is a company organized under the laws of Australia.

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, $0.001 Par Value

(e)

ITEM 2(e). CUSIP NUMBER: 17243V102 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [ ] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [X] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [X] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: Non-U.S. institution equivalent to IA. ITEM 4. OWNERSHIP (a) Amount beneficially owned: OIML - 12,267,210 AGAPL - 48,313 (b) Percent of class: 10.1% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: 12,315,523 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or direct the disposition of: 12,315,523 (iv) shared power to dispose or to direct the disposition of: 0 ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the ben