<SEC-DOCUMENT>0001085146-25-001447.txt : 20250214
<SEC-HEADER>0001085146-25-001447.hdr.sgml : 20250214
<ACCEPTANCE-DATETIME>20250214100902
ACCESSION NUMBER:		0001085146-25-001447
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250214
DATE AS OF CHANGE:		20250214

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sunrun Inc.
		CENTRAL INDEX KEY:			0001469367
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				262841711
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-89317
		FILM NUMBER:		25624362

	BUSINESS ADDRESS:	
		STREET 1:		600 CALIFORNIA STREET, SUITE 1800
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94108
		BUSINESS PHONE:		415-580-6900

	MAIL ADDRESS:	
		STREET 1:		600 CALIFORNIA STREET, SUITE 1800
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94108

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SunRun Inc.
		DATE OF NAME CHANGE:	20090730

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ORBIS INVESTMENT MANAGEMENT LTD
		CENTRAL INDEX KEY:			0000940594
		ORGANIZATION NAME:           	
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D0

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		ORBIS HOUSE
		STREET 2:		25 FRONT STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM11
		BUSINESS PHONE:		441-296-3000

	MAIL ADDRESS:	
		STREET 1:		ORBIS HOUSE
		STREET 2:		25 FRONT STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM11
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:ns1="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <previousAccessionNumber>0001085146-23-001242</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0000940594</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>3</amendmentNo>
      <securitiesClassTitle>Common Stock, $0.0001 par value</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>12/31/2024</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001469367</issuerCik>
        <issuerName>Sunrun Inc.</issuerName>
        <issuerCusip>86771W105</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <ns1:street1>600 CALIFORNIA STREET, SUITE 1800</ns1:street1>
          <ns1:city>SAN FRANCISCO</ns1:city>
          <ns1:stateOrCountry>CA</ns1:stateOrCountry>
          <ns1:zipCode>94108</ns1:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>ORBIS INVESTMENT MANAGEMENT LTD</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>D0</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>10894130</soleVotingPower>
        <sharedVotingPower>0</sharedVotingPower>
        <soleDispositivePower>10894130</soleDispositivePower>
        <sharedDispositivePower>0</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>10894130</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>4.9</classPercent>
      <typeOfReportingPerson>FI</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Orbis Investment Management (U.S.), L.P.</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>130536</soleVotingPower>
        <sharedVotingPower>0</sharedVotingPower>
        <soleDispositivePower>130536</soleDispositivePower>
        <sharedDispositivePower>0</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>130536</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>0.1</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Sunrun Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>600 CALIFORNIA STREET, SUITE 1800
SAN FRANCISCO, CALIFORNIA
94108</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>ORBIS INVESTMENT MANAGEMENT LTD

Orbis Investment Management (U.S.), L.P.</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>Orbis Investment Management Limited
25 Front Street
Hamilton HM11, Bermuda

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</principalBusinessOfficeOrResidenceAddress>
        <citizenship>ORBIS INVESTMENT MANAGEMENT LTD - BERMUDA

Orbis Investment Management (U.S.), L.P. - DELAWARE</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>IA</typeOfPersonFiling>
        <typeOfPersonFiling>FI</typeOfPersonFiling>
        <typeOfPersonFiling>OO</typeOfPersonFiling>
        <otherTypeOfPersonFiling>Equivalent to IA (Orbis Investment Management Limited).</otherTypeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>11,024,666</amountBeneficiallyOwned>
        <classPercent>4.9</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>ORBIS INVESTMENT MANAGEMENT LTD - 10,894,130

Orbis Investment Management (U.S.), L.P. - 130,536</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>ORBIS INVESTMENT MANAGEMENT LTD - 0

Orbis Investment Management (U.S.), L.P. - 0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>ORBIS INVESTMENT MANAGEMENT LTD - 10,894,130

Orbis Investment Management (U.S.), L.P. - 130,536</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>ORBIS INVESTMENT MANAGEMENT LTD - 0

Orbis Investment Management (U.S.), L.P. - 0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>N</notApplicableFlag>
        <classOwnership5PercentOrLess>Y</classOwnership5PercentOrLess>
      </item5>
      <item6>
        <notApplicableFlag>N</notApplicableFlag>
        <ownershipMoreThan5PercentOnBehalfOfAnotherPerson>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 Orbis Investment Management (U.S.), L.P..</ownershipMoreThan5PercentOnBehalfOfAnotherPerson>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>N</notApplicableFlag>
        <identificationAndClassificationOfGroupMembers>Information with respect to each of Orbis Investment Management Limited 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 Limited is 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).</identificationAndClassificationOfGroupMembers>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <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 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.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>ORBIS INVESTMENT MANAGEMENT LTD</reportingPersonName>
      <signatureDetails>
        <signature>Matt Gaarder</signature>
        <title>Attorney-in-Fact</title>
        <date>02/14/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Orbis Investment Management (U.S.), L.P.</reportingPersonName>
      <signatureDetails>
        <signature>Matt Gaarder</signature>
        <title>Secretary</title>
        <date>02/14/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
