$2.89 Billion is the total value of Ruffer LLP's 87 reported holdings in Q1 2023. The portfolio turnover from Q4 2022 to Q1 2023 was 37.4% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| TSM | New | TAIWAN SEMICONDUCTOR MFG LTDsponsored ads | $218,427,177 | – | 2,348,305 | +100.0% | 7.57% | – |
| ABEV | Buy | AMBEV SAsponsored adr | $173,135,614 | +47.8% | 61,508,434 | +43.6% | 6.00% | -23.7% |
| KGC | Buy | KINROSS GOLD CORP | $167,867,633 | +145.6% | 35,680,196 | +113.9% | 5.82% | +26.8% |
| BABA | Buy | ALIBABA GROUP HLDG LTDsponsored ads | $147,281,903 | +1282.5% | 1,441,760 | +1095.7% | 5.10% | +613.6% |
| RYAAY | Buy | RYANAIR HOLDINGS PLCsponsored ads | $135,541,291 | +42.6% | 1,437,054 | +13.4% | 4.70% | -26.4% |
| NEM | Buy | NEWMONT CORP | $134,425,801 | +179.3% | 2,743,104 | +169.9% | 4.66% | +44.1% |
| GOLD | Buy | BARRICK GOLD CORP | $134,345,781 | +59.4% | 7,238,626 | +47.9% | 4.65% | -17.7% |
| AEM | Buy | AGNICO EAGLE MINES LTD | $123,259,314 | +826.1% | 2,418,520 | +847.6% | 4.27% | +378.2% |
| PXD | New | PIONEER NAT RES CO | $102,368,547 | – | 501,377 | +100.0% | 3.55% | – |
| AMZN | Buy | AMAZON COM INC | $100,273,912 | +95.2% | 970,849 | +59.2% | 3.47% | +0.8% |
| AA | New | ALCOA CORP | $84,939,333 | – | 1,996,243 | +100.0% | 2.94% | – |
| COTY | Sell | COTY INC | $74,676,842 | +34.8% | 6,194,812 | -4.0% | 2.59% | -30.4% |
| CI | Buy | THE CIGNA GROUP | $73,628,691 | -20.7% | 288,384 | +3.2% | 2.55% | -59.1% |
| MOS | New | MOSAIC CO NEW | $72,390,846 | – | 1,578,354 | +100.0% | 2.51% | – |
| NTR | Buy | NUTRIEN LTD | $71,106,093 | +5754.5% | 962,913 | +5707.7% | 2.46% | +2903.7% |
| Buy | JACKSON FINANCIAL INC | $55,202,591 | +21.5% | 1,476,421 | +13.4% | 1.91% | -37.3% | |
| EOG | New | EOG RES INC | $53,753,195 | – | 469,113 | +100.0% | 1.86% | – |
| AU | Buy | ANGLOGOLD ASHANTI LIMITEDspons adr | $53,140,689 | +77.7% | 2,197,259 | +43.1% | 1.84% | -8.3% |
| New | SHELL PLCspon ads | $53,081,791 | – | 922,600 | +100.0% | 1.84% | – | |
| COP | New | CONOCOPHILLIPS | $51,254,331 | – | 516,652 | +100.0% | 1.78% | – |
| FB | Sell | META PLATFORMS INCcl a | $48,173,272 | +14.5% | 227,289 | -34.8% | 1.67% | -40.9% |
| NOV | Buy | NOV INC | $47,888,001 | +451.8% | 2,587,875 | +525.1% | 1.66% | +185.1% |
| GM | Buy | GENERAL MTRS CO | $44,597,751 | +67.6% | 1,216,699 | +54.3% | 1.54% | -13.5% |
| PFE | Buy | PFIZER INC | $43,708,118 | +51.0% | 1,071,679 | +90.4% | 1.51% | -22.0% |
| BP | Sell | BP PLCsponsored adr | $42,676,875 | -48.2% | 1,125,000 | -52.1% | 1.48% | -73.2% |
| CGAU | Sell | CENTERRA GOLD INC | $42,112,364 | +21.8% | 6,517,450 | -2.4% | 1.46% | -37.1% |
| XOM | Sell | EXXON MOBIL CORP | $38,174,955 | -4.9% | 348,392 | -4.0% | 1.32% | -50.9% |
| Buy | GENERAL ELECTRIC CO | $36,226,794 | +171.4% | 379,002 | +138.7% | 1.26% | +40.1% | |
| Buy | COHERENT CORP | $31,726,513 | +59.5% | 833,051 | +47.5% | 1.10% | -17.7% | |
| GDDY | Buy | GODADDY INCcl a | $31,394,151 | +6.6% | 403,994 | +2.9% | 1.09% | -45.0% |
| PNC | New | PNC FINL SVCS GROUP INC | $29,854,549 | – | 234,900 | +100.0% | 1.03% | – |
| MTB | Buy | M & T BK CORP | $28,712,238 | -13.2% | 240,200 | +5.7% | 1.00% | -55.2% |
| TGNA | New | TEGNA INC | $25,269,151 | – | 1,494,794 | +100.0% | 0.88% | – |
| Buy | NOBLE CORP PLC | $25,138,615 | +95.1% | 637,000 | +87.0% | 0.87% | +0.7% | |
| SU | New | SUNCOR ENERGY INC NEW | $24,968,547 | – | 803,700 | +100.0% | 0.86% | – |
| SCHW | Buy | SCHWAB CHARLES CORP | $24,939,011 | +363.6% | 476,256 | +639.5% | 0.86% | +139.3% |
| GFI | Buy | GOLD FIELDS LTDspons adr | $24,889,410 | +41.7% | 1,869,276 | +10.7% | 0.86% | -26.8% |
| BRKB | Buy | BERKSHIRE HATHAWAY INC DELcl b new | $22,159,259 | +1.9% | 71,891 | +2.4% | 0.77% | -47.4% |
| FHI | Sell | FEDERATED HERMES INCcl b | $21,472,225 | -10.7% | 535,000 | -19.0% | 0.74% | -53.9% |
| LTHM | Sell | LIVENT CORP | $18,947,706 | -11.4% | 872,563 | -18.7% | 0.66% | -54.3% |
| GAU | GALIANO GOLD INC | $15,326,280 | +10.6% | 26,378,459 | 0.0% | 0.53% | -42.9% | |
| BTG | Buy | B2GOLD CORP | $13,798,332 | +29.3% | 3,497,676 | +16.7% | 0.48% | -33.2% |
| WPM | Sell | WHEATON PRECIOUS METALS CORP | $11,959,818 | -26.3% | 248,395 | -40.1% | 0.41% | -62.0% |
| CHK | Sell | CHESAPEAKE ENERGY CORP | $9,982,452 | -27.5% | 131,333 | -9.8% | 0.35% | -62.6% |
| SYF | Sell | SYNCHRONY FINANCIAL | $8,495,744 | -87.3% | 292,103 | -85.6% | 0.29% | -93.4% |
| FSM | FORTUNA SILVER MINES INC | $8,037,671 | +0.8% | 2,118,940 | 0.0% | 0.28% | -48.0% | |
| Buy | SKEENA RES LTD NEW | $7,478,931 | +83.1% | 1,220,370 | +58.4% | 0.26% | -5.5% | |
| SSRM | Buy | SSR MINING IN | $7,245,511 | +35.7% | 479,359 | +41.3% | 0.25% | -29.9% |
| ATVI | Sell | ACTIVISION BLIZZARD INC | $6,867,875 | -44.1% | 80,265 | -49.9% | 0.24% | -71.2% |
| HTZZ | Sell | HERTZ GLOBAL HLDGS INC | $5,699,750 | -27.6% | 350,000 | -31.4% | 0.20% | -62.8% |
| AXP | Sell | AMERICAN EXPRESS CO | $5,658,742 | -88.5% | 34,311 | -89.7% | 0.20% | -94.1% |
| TS | Buy | TENARIS S Asponsored adr | $5,552,682 | +32.2% | 195,345 | +64.0% | 0.19% | -31.9% |
| PAAS | New | PAN AMERN SILVER CORP | $3,672,000 | – | 200,000 | +100.0% | 0.13% | – |
| CVX | CHEVRON CORP NEW | $3,588,970 | -9.4% | 22,000 | 0.0% | 0.12% | -53.4% | |
| DRD | Buy | DRDGOLD LIMITEDspon adr repstg | $3,410,558 | +53.8% | 356,194 | +19.5% | 0.12% | -20.8% |
| DD | Sell | DUPONT DE NEMOURS INC | $2,870,200 | +3.1% | 40,000 | -1.1% | 0.10% | -47.1% |
| GLDG | GOLDMINING INC | $2,811,293 | +7.8% | 2,301,996 | 0.0% | 0.10% | -44.6% | |
| PM | PHILIP MORRIS INTL INC | $2,721,740 | -4.3% | 28,000 | 0.0% | 0.09% | -50.8% | |
| FMX | FOMENTO ECONOMICO MEXICANO Sspon adr units | $2,569,995 | +21.4% | 27,000 | 0.0% | 0.09% | -37.3% | |
| JPM | Sell | JPMORGAN CHASE & CO | $1,841,437 | -45.0% | 14,135 | -43.2% | 0.06% | -71.6% |
| IAG | Sell | IAMGOLD CORP | $1,789,185 | +4.9% | 659,000 | -0.2% | 0.06% | -45.6% |
| MKL | MARKEL CORP | $1,662,648 | -3.1% | 1,300 | 0.0% | 0.06% | -49.6% | |
| ERIC | New | ERICSSONadr b sek 10 | $1,461,250 | – | 250,000 | +100.0% | 0.05% | – |
| DNOW | NOW INC | $1,448,850 | -12.6% | 130,000 | 0.0% | 0.05% | -55.0% | |
| ITRG | INTEGRA RES CORP | $1,385,476 | -9.8% | 2,384,579 | 0.0% | 0.05% | -53.4% | |
| TIMB | Buy | TIM S Asponsored adr | $1,235,500 | +62.5% | 100,000 | +53.8% | 0.04% | -15.7% |
| ARCO | ARCOS DORADOS HOLDINGS INC | $1,173,776 | -7.9% | 152,142 | 0.0% | 0.04% | -52.3% | |
| VIV | Buy | TELEFONICA BRASIL SAnew adr | $1,134,750 | +50.6% | 150,000 | +42.9% | 0.04% | -23.5% |
| LUV | SOUTHWEST AIRLS CO | $1,139,075 | -3.7% | 35,000 | 0.0% | 0.04% | -50.6% | |
| JAZZ | JAZZ PHARMACEUTICALS PLC | $1,126,533 | -8.5% | 7,702 | 0.0% | 0.04% | -53.0% | |
| MLM | MARTIN MARIETTA MATLS INC | $1,064,565 | +4.7% | 3,000 | 0.0% | 0.04% | -45.6% | |
| FCX | New | FREEPORT-MCMORAN INCcl b | $1,022,184 | – | 24,977 | +100.0% | 0.04% | – |
| DRQ | DRIL-QUIP INC | $1,003,975 | +5.2% | 35,000 | 0.0% | 0.04% | -45.3% | |
| GORO | GOLD RESOURCE CORP | $918,777 | -31.0% | 870,879 | 0.0% | 0.03% | -64.0% | |
| GLD | Buy | SPDR GOLD TR | $887,397 | +58.3% | 4,844 | +47.1% | 0.03% | -18.4% |
| DOW | Sell | DOW INC | $875,505 | +5.8% | 15,972 | -2.4% | 0.03% | -46.4% |
| WFC | WELLS FARGO CO NEW | $821,590 | -9.8% | 22,000 | 0.0% | 0.03% | -54.1% | |
| USB | US BANCORP DEL | $684,475 | -17.7% | 19,000 | 0.0% | 0.02% | -57.1% | |
| SB | Sell | SAFE BULKERS INC | $589,600 | +23.1% | 160,000 | -2.3% | 0.02% | -37.5% |
| USAS | AMERICAS GOLD AND SILVER COR | $581,094 | -16.1% | 1,199,493 | 0.0% | 0.02% | -57.4% | |
| BUD | ANHEUSER BUSCH INBEV SA/NVsponsored adr | $467,145 | +10.8% | 7,000 | 0.0% | 0.02% | -42.9% | |
| TECK | New | TECK RESOURCES LTDcl b | $399,858 | – | 10,952 | +100.0% | 0.01% | – |
| DB | Sell | DEUTSCHE BANK A Gnamen akt | $364,377 | -67.5% | 35,850 | -62.6% | 0.01% | -82.7% |
| BUR | New | BURFORD CAP LTD | $372,122 | – | 40,000 | +100.0% | 0.01% | – |
| BMY | Sell | BRISTOL-MYERS SQUIBB CO | $312,150 | -94.4% | 4,504 | -94.1% | 0.01% | -97.1% |
| Sell | IMV INC | $166,804 | -84.9% | 321,952 | -27.2% | 0.01% | -91.9% | |
| BRFS | BRF SAsponsored adr | $47,825 | -19.3% | 37,510 | 0.0% | 0.00% | -50.0% | |
| EHTH | Exit | EHEALTH INC | $0 | – | -15,185 | -100.0% | -0.01% | – |
| MCK | Exit | MCKESSON CORP | $0 | – | -650 | -100.0% | -0.02% | – |
| AFL | Exit | AFLAC INC | $0 | – | -3,427 | -100.0% | -0.02% | – |
| MSFT | Exit | MICROSOFT CORP | $0 | – | -1,031 | -100.0% | -0.02% | – |
| CHKP | Exit | CHECK POINT SOFTWARE TECH LTord | $0 | – | -2,417 | -100.0% | -0.02% | – |
| AAPL | Exit | APPLE INC | $0 | – | -3,210 | -100.0% | -0.03% | – |
| DIS | Exit | DISNEY WALT CO | $0 | – | -5,125 | -100.0% | -0.03% | – |
| MMC | Exit | MARSH & MCLENNAN COS INC | $0 | – | -2,900 | -100.0% | -0.03% | – |
| NEE | Exit | NEXTERA ENERGY INC | $0 | – | -9,700 | -100.0% | -0.06% | – |
| FISV | Exit | FISERV INC | $0 | – | -10,000 | -100.0% | -0.07% | – |
| CMI | Exit | CUMMINS INC | $0 | – | -4,300 | -100.0% | -0.07% | – |
| EQX | Exit | EQUINOX GOLD CORP | $0 | – | -320,765 | -100.0% | -0.07% | – |
| NXST | Exit | NEXSTAR MEDIA GROUP INCcl a | $0 | – | -6,461 | -100.0% | -0.08% | – |
| EGO | Exit | ELDORADO GOLD CORP NEW | $0 | – | -145,733 | -100.0% | -0.08% | – |
| ORA | Exit | ORMAT TECHNOLOGIES INC | $0 | – | -20,300 | -100.0% | -0.12% | – |
| AZN | Exit | ASTRAZENECA PLCsponsored adr | $0 | – | -57,930 | -100.0% | -0.26% | – |
| CNC | Exit | CENTENE CORP DEL | $0 | – | -50,169 | -100.0% | -0.28% | – |
| SLB | Exit | SCHLUMBERGER LTD | $0 | – | -234,050 | -100.0% | -0.84% | – |
| BKNG | Exit | BOOKING HOLDINGS INC | $0 | – | -11,851 | -100.0% | -1.61% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2023-05-11
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.