$1.6 Billion is the total value of Ruffer LLP's 95 reported holdings in Q3 2022. The portfolio turnover from Q2 2022 to Q3 2022 was 18.6% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ABEV | Sell | AMBEV SAsponsored adr | $142,138,000 | -30.7% | 46,700,133 | -42.7% | 8.89% | +10.3% |
| CI | Sell | CIGNA CORP NEW | $123,693,000 | -58.3% | 421,936 | -62.5% | 7.74% | -33.7% |
| AXP | Sell | AMERICAN EXPRESS CO | $83,654,000 | -34.2% | 587,760 | -35.9% | 5.23% | +4.6% |
| RYAAY | New | RYANAIR HOLDINGS PLCsponsored ads | $81,816,000 | – | 1,329,741 | +100.0% | 5.12% | – |
| BP | Sell | BP PLCsponsored adr | $73,148,000 | -4.1% | 2,352,300 | -12.6% | 4.58% | +52.5% |
| KGC | Sell | KINROSS GOLD CORP | $66,565,000 | -63.8% | 17,053,271 | -66.9% | 4.16% | -42.5% |
| HTZZ | Buy | HERTZ GLOBAL HLDGS INC | $60,670,000 | +35.2% | 3,509,507 | +23.9% | 3.80% | +114.9% |
| CHK | Sell | CHESAPEAKE ENERGY CORP | $55,924,000 | -54.2% | 550,304 | -63.5% | 3.50% | -27.2% |
| COTY | Buy | COTY INC | $51,029,000 | -13.1% | 7,447,561 | +1.7% | 3.19% | +38.2% |
| SCHW | Sell | SCHWAB CHARLES CORP | $47,812,000 | -30.2% | 629,751 | -41.8% | 2.99% | +10.9% |
| GDDY | Buy | GODADDY INCcl a | $45,149,000 | +11.6% | 584,754 | +0.6% | 2.82% | +77.4% |
| XOM | Buy | EXXON MOBIL CORP | $44,651,000 | +20.4% | 437,951 | +1.3% | 2.79% | +91.4% |
| GM | Sell | GENERAL MTRS CO | $41,508,000 | -41.3% | 1,199,331 | -46.1% | 2.60% | -6.6% |
| FB | Sell | META PLATFORMS INCcl a | $40,399,000 | -26.3% | 290,584 | -14.5% | 2.53% | +17.2% |
| Sell | JACKSON FINANCIAL INC | $35,228,000 | -3.2% | 1,126,886 | -17.2% | 2.20% | +53.9% | |
| AMZN | New | AMAZON COM INC | $34,467,000 | – | 286,615 | +100.0% | 2.16% | – |
| CGAU | Buy | CENTERRA GOLD INC | $30,849,000 | -22.4% | 6,277,150 | +6.8% | 1.93% | +23.3% |
| Buy | GENERAL ELECTRIC CO | $30,334,000 | +4.2% | 458,449 | +0.4% | 1.90% | +65.8% | |
| BRKB | Sell | BERKSHIRE HATHAWAY INC DELcl b new | $29,964,000 | -15.8% | 108,516 | -16.7% | 1.88% | +33.9% |
| AU | Buy | ANGLOGOLD ASHANTI LIMITEDspons adr | $28,957,000 | +11.1% | 1,963,389 | +11.4% | 1.81% | +76.6% |
| CNC | Sell | CENTENE CORP DEL | $27,269,000 | -5.4% | 339,886 | -0.1% | 1.71% | +50.4% |
| PFE | Buy | PFIZER INC | $23,897,000 | -16.4% | 554,775 | +1.9% | 1.50% | +32.9% |
| BMY | Sell | BRISTOL-MYERS SQUIBB CO | $23,809,000 | -80.0% | 339,231 | -78.1% | 1.49% | -68.2% |
| FHI | Sell | FEDERATED HERMES INCcl b | $21,989,000 | -22.2% | 666,336 | -25.1% | 1.38% | +23.7% |
| New | COHERENT CORP | $21,043,000 | – | 554,317 | +100.0% | 1.32% | – | |
| WPM | Sell | WHEATON PRECIOUS METALS CORP | $19,884,000 | -81.8% | 577,641 | -80.9% | 1.24% | -71.0% |
| SYF | New | SYNCHRONY FINANCIAL | $19,707,000 | – | 626,000 | +100.0% | 1.23% | – |
| GOLD | Sell | BARRICK GOLD CORP | $18,545,000 | -29.6% | 1,192,421 | -18.8% | 1.16% | +12.0% |
| BABA | Sell | ALIBABA GROUP HLDG LTDsponsored ads | $17,806,000 | -86.0% | 211,411 | -81.1% | 1.11% | -77.8% |
| BKNG | New | BOOKING HOLDINGS INC | $17,123,000 | – | 10,019 | +100.0% | 1.07% | – |
| LUV | Sell | SOUTHWEST AIRLS CO | $17,110,000 | -55.4% | 526,142 | -50.4% | 1.07% | -29.0% |
| AZN | Sell | ASTRAZENECA PLCsponsored adr | $15,311,000 | -25.2% | 278,987 | -9.9% | 0.96% | +19.0% |
| JPM | Sell | JPMORGAN CHASE & CO | $14,836,000 | -31.7% | 137,204 | -28.9% | 0.93% | +8.5% |
| GFI | Buy | GOLD FIELDS LTDspons adr | $12,972,000 | +3.7% | 1,484,809 | +8.5% | 0.81% | +65.0% |
| GAU | GALIANO GOLD INC | $12,762,000 | +22.2% | 26,378,459 | 0.0% | 0.80% | +94.2% | |
| SCPL | Buy | SCIPLAY CORPORATIONcl a | $12,604,000 | -8.1% | 999,638 | +1.7% | 0.79% | +46.1% |
| ATVI | Buy | ACTIVISION BLIZZARD INC | $11,366,000 | +6.8% | 154,023 | +12.8% | 0.71% | +69.7% |
| AEM | Sell | AGNICO EAGLE MINES LTD | $10,415,000 | -15.2% | 230,756 | -14.0% | 0.65% | +35.0% |
| SLB | Sell | SCHLUMBERGER LTD | $9,947,000 | -35.9% | 234,050 | -46.1% | 0.62% | +1.8% |
| COG | COTERRA ENERGY INC | $9,763,000 | +11.8% | 338,484 | 0.0% | 0.61% | +78.1% | |
| NEM | Sell | NEWMONT CORP | $9,020,000 | -56.9% | 201,092 | -42.7% | 0.56% | -31.5% |
| NOV | Sell | NOV INC | $7,850,000 | +9.5% | 414,126 | -2.3% | 0.49% | +74.1% |
| COP | Sell | CONOCOPHILLIPS | $7,404,000 | +12.0% | 62,922 | -14.5% | 0.46% | +78.1% |
| FSM | Sell | FORTUNA SILVER MINES INC | $6,875,000 | -14.1% | 2,268,940 | -19.5% | 0.43% | +36.5% |
| LTHM | Sell | LIVENT CORP | $6,229,000 | -48.4% | 209,651 | -60.6% | 0.39% | -17.9% |
| NTR | NUTRIEN LTD | $5,176,000 | +7.2% | 60,580 | 0.0% | 0.32% | +70.5% | |
| SSRM | SSR MNG INC | $5,134,000 | -9.4% | 339,359 | 0.0% | 0.32% | +43.9% | |
| Y | Sell | ALLEGHANY CORP MD | $5,057,000 | -44.9% | 6,000 | -45.5% | 0.32% | -12.5% |
| NOC | Sell | NORTHROP GRUMMAN CORP | $4,523,000 | -96.3% | 9,330 | -96.4% | 0.28% | -94.2% |
| CVX | CHEVRON CORP NEW | $3,548,000 | +11.4% | 22,000 | 0.0% | 0.22% | +77.6% | |
| SKEENA RES LTD NEW | $3,360,000 | -11.3% | 710,000 | 0.0% | 0.21% | +40.9% | ||
| BTG | Buy | B2GOLD CORP | $3,271,000 | +26.0% | 966,783 | +26.1% | 0.20% | +101.0% |
| IAG | Sell | IAMGOLD CORP | $2,964,000 | -65.3% | 2,589,771 | -51.3% | 0.18% | -44.9% |
| DIS | DISNEY WALT CO | $2,582,000 | +5.8% | 25,821 | 0.0% | 0.16% | +68.8% | |
| PM | PHILIP MORRIS INTL INC | $2,391,000 | -13.6% | 28,000 | 0.0% | 0.15% | +37.6% | |
| GLDG | GOLDMINING INC | $2,266,000 | -4.8% | 2,501,996 | 0.0% | 0.14% | +51.1% | |
| IMV | IMV INC | $2,106,000 | -29.5% | 4,419,545 | 0.0% | 0.13% | +12.8% | |
| ORA | ORMAT TECHNOLOGIES INC | $1,744,000 | +9.7% | 20,300 | 0.0% | 0.11% | +73.0% | |
| DRD | Sell | DRDGOLD LIMITEDspon adr repstg | $1,700,000 | -6.4% | 298,052 | -3.8% | 0.11% | +49.3% |
| GORO | Sell | GOLD RESOURCE CORP | $1,559,000 | -36.1% | 871,179 | -42.3% | 0.10% | +2.1% |
| DNOW | Sell | NOW INC | $1,491,000 | -33.8% | 130,000 | -43.5% | 0.09% | +4.5% |
| MKL | Buy | MARKEL CORP | $1,486,000 | +14.8% | 1,300 | +30.0% | 0.09% | +82.4% |
| FISV | Sell | FISERV INC | $1,386,000 | -37.7% | 14,000 | -44.0% | 0.09% | -1.1% |
| MTB | Sell | M & T BK CORP | $1,380,000 | +14.0% | 7,500 | -1.2% | 0.09% | +79.2% |
| DD | New | DUPONT DE NEMOURS INC | $1,355,000 | – | 25,479 | +100.0% | 0.08% | – |
| EGO | Sell | ELDORADO GOLD CORP NEW | $1,341,000 | -61.8% | 195,733 | -64.4% | 0.08% | -39.1% |
| ITRG | INTEGRA RES CORP | $1,284,000 | -47.3% | 2,384,579 | 0.0% | 0.08% | -16.7% | |
| EQX | Sell | EQUINOX GOLD CORP | $1,221,000 | -60.4% | 320,765 | -52.9% | 0.08% | -37.2% |
| FMX | New | FOMENTO ECONOMICO MEXICANO Sspon adr units | $1,170,000 | – | 18,000 | +100.0% | 0.07% | – |
| ARCO | ARCOS DORADOS HOLDINGS INC | $1,173,000 | +14.3% | 152,142 | 0.0% | 0.07% | +82.5% | |
| NXST | Sell | NEXSTAR MEDIA GROUP INCcl a | $1,137,000 | +7.4% | 6,461 | -0.6% | 0.07% | +69.0% |
| JAZZ | JAZZ PHARMACEUTICALS PLC | $1,071,000 | -10.9% | 7,702 | 0.0% | 0.07% | +42.6% | |
| MLM | MARTIN MARIETTA MATLS INC | $990,000 | +10.2% | 3,000 | 0.0% | 0.06% | +77.1% | |
| CMI | CUMMINS INC | $949,000 | +13.9% | 4,300 | 0.0% | 0.06% | +78.8% | |
| WFC | WELLS FARGO CO NEW | $929,000 | +7.8% | 22,000 | 0.0% | 0.06% | +70.6% | |
| USB | Sell | US BANCORP DEL | $793,000 | -13.9% | 19,300 | -3.5% | 0.05% | +38.9% |
| NEE | NEXTERA ENERGY INC | $765,000 | +1.7% | 9,700 | 0.0% | 0.05% | +60.0% | |
| DRQ | DRIL-QUIP INC | $771,000 | -14.6% | 35,000 | 0.0% | 0.05% | +33.3% | |
| DOW | DOW INC | $744,000 | -12.0% | 16,363 | 0.0% | 0.05% | +42.4% | |
| DB | DEUTSCHE BANK A Gnamen akt | $736,000 | -12.1% | 95,850 | 0.0% | 0.05% | +39.4% | |
| EHTH | Sell | EHEALTH INC | $610,000 | -94.5% | 169,777 | -85.6% | 0.04% | -91.2% |
| USAS | Sell | AMERICAS GOLD AND SILVER COR | $583,000 | -41.4% | 1,199,493 | -17.2% | 0.04% | -7.7% |
| VIV | Sell | TELEFONICA BRASIL SAnew adr | $459,000 | -27.6% | 60,000 | -14.3% | 0.03% | +16.0% |
| TIMB | Sell | TIM S Asponsored adr | $460,000 | -24.3% | 40,000 | -20.0% | 0.03% | +20.8% |
| AAPL | Sell | APPLE INC | $467,000 | -2.9% | 3,210 | -8.7% | 0.03% | +52.6% |
| MMC | MARSH & MCLENNAN COS INC | $456,000 | +1.3% | 2,900 | 0.0% | 0.03% | +61.1% | |
| NOMD | Sell | NOMAD FOODS LTD | $424,000 | -64.6% | 30,000 | -50.0% | 0.03% | -42.6% |
| SB | SAFE BULKERS INC | $430,000 | -31.2% | 163,788 | 0.0% | 0.03% | +8.0% | |
| BUD | Sell | ANHEUSER BUSCH INBEV SA/NVsponsored adr | $321,000 | -76.2% | 7,000 | -72.0% | 0.02% | -62.3% |
| CHKP | CHECK POINT SOFTWARE TECH LTord | $275,000 | -6.5% | 2,417 | 0.0% | 0.02% | +41.7% | |
| MSFT | Sell | MICROSOFT CORP | $254,000 | -13.0% | 1,031 | -9.4% | 0.02% | +45.5% |
| MCK | MCKESSON CORP | $228,000 | +7.5% | 650 | 0.0% | 0.01% | +75.0% | |
| AFL | New | AFLAC INC | $203,000 | – | 3,427 | +100.0% | 0.01% | – |
| BRFS | BRF SAsponsored adr | $100,000 | +4.2% | 37,510 | 0.0% | 0.01% | +50.0% | |
| HTZZW | HERTZ GLOBAL HLDGS INC*w exp 06/30/205 | $103,000 | -5.5% | 11,150 | 0.0% | 0.01% | +50.0% | |
| LBPS | Exit | 4D PHARMA PLCsponsored ads | $0 | – | -195,954 | -100.0% | -0.01% | – |
| Exit | SHELL PLCspon ads | $0 | – | -7,500 | -100.0% | -0.02% | – | |
| VIPS | Exit | VIPSHOP HOLDINGS LIMITEDsponsored ads a | $0 | – | -44,768 | -100.0% | -0.02% | – |
| APA | Exit | APA CORPORATION | $0 | – | -26,000 | -100.0% | -0.04% | – |
| OVV | Exit | OVINTIV INC | $0 | – | -22,005 | -100.0% | -0.04% | – |
| DVA | Exit | DAVITA INC | $0 | – | -15,000 | -100.0% | -0.05% | – |
| GLD | Exit | SPDR GOLD TR | $0 | – | -7,470 | -100.0% | -0.05% | – |
| AUY | Exit | YAMANA GOLD INC | $0 | – | -1,881,916 | -100.0% | -0.34% | – |
| LMT | Exit | LOCKHEED MARTIN CORP | $0 | – | -73,853 | -100.0% | -1.25% | – |
| IIVI | Exit | II-VI INC | $0 | – | -648,228 | -100.0% | -1.30% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2022-11-10
Top long-term holdings
| Name | Quarters owned | Latest quarter owned | Max weighting |
|---|---|---|---|
| KINROSS GOLD CORP | 42 | Q3 2023 | 11.8% |
| EXXON MOBIL CORP | 42 | Q3 2023 | 15.0% |
| JPMORGAN CHASE & CO | 42 | Q3 2023 | 9.7% |
| NEWMONT MNG CORP | 41 | Q3 2023 | 6.2% |
| GOLD FIELDS LTD NEW | 41 | Q3 2023 | 4.7% |
| US BANCORP DEL | 41 | Q2 2023 | 5.1% |
| BARRICK GOLD CORPORATION | 40 | Q3 2023 | 6.8% |
| MICROSOFT CORP | 39 | Q4 2022 | 11.9% |
| MARSH & MCLENNAN COS INC | 39 | Q4 2022 | 0.0% |
| APPLE INC | 38 | Q4 2022 | 6.3% |
View Ruffer LLP's complete holdings history.
Latest significant ownerships (13-D/G)
| Filed | Shares | Percentage | |
|---|---|---|---|
| eHealth, Inc. | February 02, 2023 | 520 | 0.0% |
| DRDGOLD LTD | February 11, 2021 | 7,787,410 | 0.9% |
| CLEVELAND-CLIFFS INC. | January 29, 2020 | 1,128 | 0.0% |
| KINROSS GOLD CORP | January 29, 2020 | 41,890,286 | 3.3% |
| Pershing Gold Corp. | February 07, 2019 | 1,960,329 | 5.8% |
| ATMEL CORP | February 09, 2016 | 12,292,463 | 2.9% |
| Ruffer LLP | February 15, 2008 | 1,210,707 | 14.9% |
View Ruffer LLP's complete significant-ownership history.
Latest filings
| Type | Filed |
|---|---|
| 13F-HR | 2024-02-12 |
| 13F-HR | 2023-11-13 |
| 13F-HR | 2023-08-10 |
| 13F-HR | 2023-05-11 |
| 13F-HR | 2023-02-10 |
| SC 13G | 2023-02-02 |
| 13F-HR | 2022-11-10 |
| 13F-HR | 2022-08-05 |
| 13F-HR | 2022-05-12 |
| 13F-HR | 2022-02-04 |
View Ruffer LLP's complete filings history.
All filings
- Holdings (13F-HR)
- Significant ownership (13-D/G)
- Insider transactions (4, 5, 6)
- Events (8-K)
- Shareholder votes (proxy)
View complete filings history.