Orbis and Allan Gray disclose 10.1M CNK shares, 8.8% stake

Rhea-AI Filing Summary

Cinemark Holdings, Inc. is the subject of a Schedule 13G/A disclosing that Orbis Investment Management Limited and Allan Gray Australia Pty Ltd together beneficially own 10,098,174 shares of common stock, representing 8.8% of the class. Orbis reports sole voting and dispositive power over 10,045,947 shares while Allan Gray reports sole voting and dispositive power over 52,227 shares.

The filing classifies both reporting persons as non-U.S. institutions equivalent to investment advisers and states the securities are held in the ordinary course of business and not for the purpose of changing or influencing control. The reporting persons expressly disclaim being a group and disclaim beneficial ownership of each other’s shares.

Positive

• Material disclosure: Combined beneficial ownership of 10,098,174 shares (8.8%) provides transparency to the market
• Clear voting breakdown: Orbis reports sole voting/dispositive power over 10,045,947 shares, Allan Gray over 52,227 shares
• Passive intent stated: Reporting persons certify holdings are in the ordinary course of business and not to influence control

Negative

• None.

Insights

Financial Analyst

TL;DR: A material passive stake of 8.8% disclosed; significant ownership but declared passive, so limited immediate control implications.

The combined 10,098,174-share position is above the 5% SEC threshold and therefore material to shareholders. Orbis’s sole voting/dispositive control of 10,045,947 shares indicates it is the primary holder within the reported position. Because the filing is a Schedule 13G/A and the signatories certify the holdings are in the ordinary course of business and not intended to influence control, this indicates passive investment intent rather than an activist posture. Investors should note the size of the stake without inferring plans to alter governance from this filing alone.

Corporate Governance Expert

TL;DR: Disclosure shows a large investor position but asserts no intent to change control; governance effects are currently limited.

The report documents clear allocations of voting and dispositive power between Orbis and Allan Gray and includes an explicit disclaimer that the reporting persons are not a group. That reduces the immediate prospect of coordinated shareholder action. The filing’s certification that securities are held in the ordinary course of business further supports a passive profile. From a governance perspective, the size of the stake merits monitoring for any future Schedule 13D or 13G amendments that would indicate a change in intent.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 6)

Cinemark Holdings, Inc

(Name of Issuer)

Common Stock, $0.001 Par Value

(Title of Class of Securities)

17243V102

(CUSIP Number)

06/30/2025

(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. 17243V102

1

Names of Reporting Persons

Orbis Investment Management Limited

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 10,045,947.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 10,045,947.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,045,947.00

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)

8.7 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

CUSIP No. 17243V102

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 52,227.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 52,227.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

52,227.00

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

Item 1.
(a)	Name of issuer: Cinemark Holdings, Inc
(b)	Address of issuer's principal executive offices: 3900 DALLAS PARKWAY, PLANO, TEXAS 75093
Item 2.
(a)	Name of person filing: Orbis Investment Management Limited Allan Gray Australia Pty Ltd
(b)	Address or principal business office or, if none, residence: Orbis Investment Management Limited 25 Front Street Hamilton HM11, Bermuda Allan Gray Australia Pty Ltd Level 2, Challis House, 4 Martin Place Sydney NSW2000, Australia
(c)	Citizenship: Orbis Investment Management Limited - BERMUDA Allan Gray Australia Pty Ltd - AUSTRALIA
(d)	Title of class of securities: Common Stock, $0.001 Par Value
(e)	CUSIP No.: 17243V102
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).
	Non-U.S. institution equivalent to IA.
Item 4.	Ownership
(a)	Amount beneficially owned: 10,098,174
(b)	Percent of class: 8.8 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Orbis Investment Management Limited - 10,045,947 Allan Gray Australia Pty Ltd - 52,227
	(ii) Shared power to vote or to direct the vote: Orbis Investment Management Limited - 0 Allan Gray Australia Pty Ltd - 0
	(iii) Sole power to dispose or to direct the disposition of: Orbis Investment Management Limited - 10,045,947 Allan Gray Australia Pty Ltd - 52,227
	(iv) Shared power to dispose or to direct the disposition of: Orbis Investment Management Limited - 0 Allan Gray Australia Pty Ltd - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
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 Limited. 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.
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 Limited and Allan Gray Australia Pty Ltd (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 Limited and Allan Gray Australia Pty Ltd are classified as a Non-U.S. Institution (FI) that is equivalent to 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 Limited 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.

Orbis Investment Management Limited

Signature:	Matt Gaarder
Name/Title:	Attorney-in-Fact
Date:	08/14/2025

Allan Gray Australia Pty Ltd

Signature:	Matt Gaarder
Name/Title:	Attorney-in-Fact
Date:	08/14/2025

FAQ

How many shares of CNK does Orbis and Allan Gray report owning?

The reporting persons together beneficially own 10,098,174 shares; Orbis reports 10,045,947 and Allan Gray reports 52,227.

What percentage of Cinemark (CNK) do these holdings represent?

The combined position represents 8.8% of Cinemark's common stock as reported in the Schedule 13G/A.

Does the filing indicate an intent to influence Cinemark's control?

No. The reporting persons certify the securities are held in the ordinary course of business and were not acquired to change or influence control.

Are Orbis and Allan Gray filing as a group for CNK?

No. The filing states the reporting persons do not represent they are a group and each disclaims beneficial ownership of the other’s shares.

What type of filers are Orbis and Allan Gray classified as?

Both are classified as non-U.S. institutions (FI) equivalent to investment advisers (IA) in the filing.

What authority signed the filing on behalf of the reporting persons?

The filing is signed by Matt Gaarder as Attorney-in-Fact for both reporting persons.