Bruker Corp received an updated ownership report showing that Orbis Investment Management Ltd, Allan Gray Australia Pty Ltd, and Orbis Investment Management (U.S.) L.P. together beneficially own 14,906,730 shares of Bruker common stock, representing 9.8% of the outstanding class.
Orbis Investment Management Ltd reports sole voting and dispositive power over 14,077,895 shares, Allan Gray Australia over 22,092 shares, and Orbis Investment Management (U.S.) L.P. over 806,743 shares. The firms certify the holdings are in the ordinary course of business and not for the purpose of changing or influencing control of Bruker.
Positive
None.
Negative
None.
Insights
Institutional investors report a passive 9.8% stake in Bruker.
The filing shows Orbis Investment Management Ltd and affiliates collectively holding 14,906,730 Bruker common shares, or 9.8% of the class. Each entity has sole voting and dispositive power over its own portion, with Orbis Investment Management Ltd managing the largest block.
The investors certify that the position is held in the ordinary course of business and not to change or influence control, which characterizes this as a passive institutional stake. They also clarify that each reporting person disclaims beneficial ownership of shares held by the others, limiting cross-control implications.
Future ownership updates, if any, would appear in subsequent beneficial ownership reports for periods such as those ending on 12/31/2025 or later, giving investors a view of how this institutional position evolves over time.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Bruker Corp
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
116794108
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
116794108
1
Names of Reporting Persons
ORBIS INVESTMENT MANAGEMENT LTD
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
BERMUDA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
14,077,895.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
14,077,895.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
14,077,895.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.3 %
12
Type of Reporting Person (See Instructions)
FI
SCHEDULE 13G
CUSIP No.
116794108
1
Names of Reporting Persons
Allan Gray Australia Pty Ltd
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
AUSTRALIA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
22,092.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
22,092.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
22,092.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0 %
12
Type of Reporting Person (See Instructions)
FI
SCHEDULE 13G
CUSIP No.
116794108
1
Names of Reporting Persons
Orbis Investment Management (U.S.) L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
806,743.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
806,743.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
806,743.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.5 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Bruker Corp
(b)
Address of issuer's principal executive offices:
40 MANNING RD, BILLERICA, MASSACHUSETTS
01821
Item 2.
(a)
Name of person filing:
ORBIS INVESTMENT MANAGEMENT LTD
Allan Gray Australia Pty Ltd
Orbis Investment Management (U.S.) L.P.
(b)
Address or principal business office or, if none, residence:
ORBIS INVESTMENT MANAGEMENT LTD: Orbis House, 25 Front Street, Hamilton, Bermuda HM11
Allan Gray Australia Pty Ltd: Level 2, Challis House, 4 Martin Place, Sydney NSW2000, Australia
Orbis Investment Management (U.S.) L.P.: One Letterman Drive, Building C, Suite CM-100, The Presidio of San Francisco, San Francisco, CA 94129-1492, USA
(c)
Citizenship:
ORBIS INVESTMENT MANAGEMENT LTD - BERMUDA
Allan Gray Australia Pty Ltd - AUSTRALIA
Orbis Investment Management (U.S.) L.P. - DELAWARE
(d)
Title of class of securities:
COMMON STOCK
(e)
CUSIP No.:
116794108
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-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. 78o);
(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)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Equivalent to IA (ORBIS INVESTMENT MANAGEMENT LTD and Allan Gray Australia Pty Ltd)
Item 4.
Ownership
(a)
Amount beneficially owned:
14,906,730
(b)
Percent of class:
9.8 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
ORBIS INVESTMENT MANAGEMENT LTD - 14,077,895
Allan Gray Australia Pty Ltd - 22,092
Orbis Investment Management (U.S.) L.P. - 806,743
(ii) Shared power to vote or to direct the vote:
ORBIS INVESTMENT MANAGEMENT LTD - 0
Allan Gray Australia Pty Ltd - 0
Orbis Investment Management (U.S.) L.P. - 0
(iii) Sole power to dispose or to direct the disposition of:
ORBIS INVESTMENT MANAGEMENT LTD - 14,077,895
Allan Gray Australia Pty Ltd - 22,092
Orbis Investment Management (U.S.) L.P. - 806,743
(iv) Shared power to dispose or to direct the disposition of:
ORBIS INVESTMENT MANAGEMENT LTD - 0
Allan Gray Australia Pty Ltd - 0
Orbis Investment Management (U.S.) L.P. - 0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Other persons have the right to receive dividends from, the power to direct the receipt of dividends from, or the right to receive the proceeds from the sale of, the securities of the issuer identified in Item 4(a) that are beneficially owned by Orbis Investment Management Ltd.
Another person has the right to receive dividends from, the power to direct the receipt of dividends from, or the right to receive the proceeds from the sale of, the securities of the issuer identified in Item 4(a) that are beneficially owned by Allan Gray Australia Pty Ltd.
Another person has the right to receive dividends from, the power to direct the receipt of dividends from, or the right to receive the proceeds from the sale of, the securities of the issuer identified in Item 4(a) that are beneficially owned by Orbis Investment Management (U.S.), L.P..
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
Information with respect to each of Orbis Investment Management Ltd, Allan Gray Australia Pty Ltd, and Orbis Investment Management (U.S.), L.P. (collectively, the "Reporting Persons") is given solely by each such Reporting Person and no Reporting Person has responsibility for the accuracy or completeness of information supplied by any other Reporting Person. Orbis Investment Management Ltd and Allan Gray Australia Pty Ltd are classified as a Non-U.S. Institution (FI) that is equivalent to an Investment Adviser (IA). Orbis Investment Management (U.S.), L.P. is classified as an Investment Adviser (IA). Notwithstanding that the Reporting Persons are making this filing together, none of the Reporting Persons represents that it is a member of a group for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended. Each Reporting Person disclaims beneficial ownership of any shares beneficially owned by any other Reporting Person as specified in Item 4(a).
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Orbis Investment Management Ltd and Allan Gray Australia Pty Ltd is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What percentage of Bruker (BRKR) does Orbis currently report owning?
Orbis and its related entities report beneficial ownership of 9.8% of Bruker’s common stock. They collectively hold 14,906,730 shares as of the reported date, giving them a significant but minority passive stake in the company’s equity.
How many Bruker (BRKR) shares does each Orbis-related entity beneficially own?
Orbis Investment Management Ltd reports 14,077,895 shares, Allan Gray Australia 22,092 shares, and Orbis Investment Management (U.S.) L.P. 806,743 shares. Each entity has sole voting and dispositive power over its respective holdings, with no shared authority reported.
Is the Orbis stake in Bruker (BRKR) reported as passive or activist?
The Orbis stake is reported as passive. The investors certify that the securities were acquired and are held in the ordinary course of business, not for changing or influencing control of Bruker or participating in control-related transactions.
Do Orbis and its affiliates report shared voting power over Bruker (BRKR) shares?
No, all reported Bruker shares are held with sole voting and dispositive power by each entity. Orbis Investment Management Ltd, Allan Gray Australia, and Orbis Investment Management (U.S.) L.P. each disclose zero shared voting and zero shared dispositive power for their positions.
Are Orbis, Allan Gray Australia, and Orbis U.S. a formal group under Section 13(d) for Bruker (BRKR)?
The reporting persons specifically state they do not represent themselves as a group under Section 13(d)(3). They file together for convenience, but each disclaims beneficial ownership of shares reported by the others and provides information solely on its own behalf.
Who ultimately receives dividends and sale proceeds from the Bruker (BRKR) shares held by Orbis entities?
Other persons have rights to receive dividends and sale proceeds from these shares. The filing explains that parties other than the reporting entities may receive dividends or proceeds related to the securities beneficially owned by each Orbis-affiliated firm.
