Ruffer LLP
- SEC CIK
- 0001426859
- Latest filing
- Jul 30, 2026
Holdings in Q2 2021
Holdings as of Jun 30, 2021, filed Aug 6, 2021. Long positions only; changes compare share counts with Q1 2021.
- Positions
- 89
- +13 vs. Q1 2021
- Portfolio value
- $3.57B
- +$301.7M (+9.2%) vs. Q1 2021
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| PSHGPerformance Shipping Inc. | COM NEW | 35,000 | $188.0K | <0.1% | 00.0% | Unchanged | History |
| NXPINXP Semiconductors N.V. | COM | 985 | $203.0K | <0.1% | +985 | New | History |
| APTVAptiv PLC | SHS | 1,305 | $205.0K | <0.1% | +1,305 | New | History |
| ACGLArch Capital Group Ltd. | Stock | 6,000 | $234.0K | <0.1% | 00.0% | Unchanged | History |
| CHKPCheck Point Software Technologies Ltd | ORD | 2,849 | $331.0K | <0.1% | −263,663−98.9% | Reduced | History |
| MRSHMarsh & McLennan Companies, Inc. | Stock | 3,400 | $478.0K | <0.1% | 00.0% | Unchanged | History |
| GLDSPDR Gold Trust | ETF | 3,133 | $519.0K | <0.1% | −1,158−27.0% | Reduced | History |
| VanEck ETF Trust92189F106 | GOLD MINERS ETF | 16,061 | $546.0K | <0.1% | −246−1.5% | Reduced | – |
| HMYHarmony Gold Mining Co Ltd | ADR | 149,785 | $559.0K | <0.1% | 00.0% | Unchanged | History |
| GASSStealthGas Inc. | SHS | 200,000 | $565.0K | <0.1% | 00.0% | Unchanged | History |
| AAPLApple Inc. | Stock | 4,776 | $654.0K | <0.1% | 00.0% | Unchanged | History |
| CMICummins Inc | Stock | 2,700 | $658.0K | <0.1% | +2,700 | New | History |
| NEENextera Energy Inc | Stock | 9,700 | $711.0K | <0.1% | +9,700 | New | History |
| MSFTMicrosoft Corp | Stock | 2,739 | $742.0K | <0.1% | −62−2.2% | Reduced | History |
| VSATViasat Inc | COM | 16,500 | $822.0K | <0.1% | 00.0% | Unchanged | History |
| HUMHumana Inc | Stock | 2,006 | $888.0K | <0.1% | −244−10.8% | Reduced | History |
| ARCOArcos Dorados Holdings Inc. | SHS CLASS -A - | 150,000 | $896.0K | <0.1% | 00.0% | Unchanged | History |
| CLHClean Harbors Inc | COM | 10,000 | $931.0K | <0.1% | −3,000−23.1% | Reduced | History |
| SBSafe Bulkers, Inc. | COM | 233,788 | $936.0K | <0.1% | −120,000−33.9% | Reduced | History |
| HRBH&R Block Inc | COM | 40,000 | $939.0K | <0.1% | −29,938−42.8% | Reduced | History |
| DOWDow Inc. | Stock | 16,396 | $1.04M | <0.1% | −275−1.6% | Reduced | History |
| MLMMartin Marietta Materials Inc | COM | 3,000 | $1.06M | <0.1% | 00.0% | Unchanged | History |
| MTBM&T Bank Corp | COM | 7,500 | $1.09M | <0.1% | −37,418−83.3% | Reduced | History |
| EAFGraftech International Ltd | COM | 97,000 | $1.13M | <0.1% | −20,000−17.1% | Reduced | History |
| USBUS Bancorp DE | COM NEW | 20,000 | $1.14M | <0.1% | −13,670−40.6% | Reduced | History |
| CAGConagra Brands Inc. | Stock | 32,000 | $1.16M | <0.1% | 00.0% | Unchanged | History |
| WFCWells Fargo & Company | Stock | 26,000 | $1.18M | <0.1% | −6,000−18.8% | Reduced | History |
| MKLMarkel Group Inc. | COM | 1,000 | $1.19M | <0.1% | 00.0% | Unchanged | History |
| JAZZJazz Pharmaceuticals plc | SHS USD | 7,702 | $1.37M | <0.1% | +7,702 | New | History |
| DBDeutsche Bank Aktiengesellschaft | NAMEN AKT | 106,500 | $1.39M | <0.1% | 00.0% | Unchanged | History |
| ORAOrmat Technologies, Inc. | COM | 20,300 | $1.41M | <0.1% | +20,300 | New | History |
| KHCKraft Heinz Co | Stock | 35,000 | $1.43M | <0.1% | 00.0% | Unchanged | History |
| NOVNOV Inc. | COM | 119,020 | $1.82M | 0.1% | −79,655−40.1% | Reduced | History |
| 4D Pharma PLC35085K109 | SPONSORED ADS | 195,954 | $2.09M | 0.1% | +195,954 | New | – |
| USASAmericas Gold & Silver Corp | COM | 1,449,493 | $2.20M | 0.1% | 00.0% | Unchanged | History |
| YAlleghany Corp | COM | 4,900 | $3.27M | 0.1% | −800−14.0% | Reduced | History |
| AFLAflac Inc | Stock | 67,347 | $3.61M | 0.1% | −955,126−93.4% | Reduced | History |
| GLDGGoldMining Inc. | COM | 2,501,996 | $3.62M | 0.1% | 00.0% | Unchanged | History |
| SPOTSpotify Technology S.A. | Stock | 14,112 | $3.89M | 0.1% | −14,576−50.8% | Reduced | History |
| TIMBTim S.A. | SPONSORED ADR | 340,999 | $3.92M | 0.1% | +340,999 | New | History |
| DRDDrdgold Ltd | SPON ADR REPSTG | 391,730 | $4.26M | 0.1% | −177,924−31.2% | Reduced | History |
| KORCorvus Gold ULC | COM | 1,662,119 | $4.63M | 0.1% | 00.0% | Unchanged | History |
| ITRGIntegra Resources Corp. | COM NEW | 1,614,579 | $4.72M | 0.1% | +203,452+14.4% | Added | History |
| DISWalt Disney Co | Stock | 27,187 | $4.78M | 0.1% | −305,494−91.8% | Reduced | History |
| BRF SA10552T107 | SPONSORED ADR | 875,000 | $4.78M | 0.1% | +875,000 | New | – |
| EQXEquinox Gold Corp. | COM | 817,965 | $5.69M | 0.2% | 00.0% | Unchanged | History |
| Despegar Com CorpG27358103 | ORD SHS | 450,000 | $5.95M | 0.2% | 00.0% | Unchanged | – |
| Great Panther MNG Ltd39115V101 | COM | 10,048,914 | $6.28M | 0.2% | 00.0% | Unchanged | – |
| VZVerizon Communications Inc | Stock | 113,824 | $6.38M | 0.2% | +113,824 | New | History |
| NOMDNomad Foods Ltd | USD ORD SHS | 268,659 | $7.59M | 0.2% | +193,659+258.2% | Added | History |
| PMPhilip Morris International Inc. | Stock | 79,992 | $7.93M | 0.2% | +50,992+175.8% | Added | History |
| VIPSVipshop Holdings Ltd | SPONSORED ADS A | 402,500 | $8.09M | 0.2% | +402,500 | New | History |
| NXSTNexstar Media Group, Inc. | COMMON STOCK | 54,747 | $8.10M | 0.2% | −150,950−73.4% | Reduced | History |
| PFEPfizer Inc | Stock | 207,843 | $8.14M | 0.2% | +207,843 | New | History |
| LTHMLivent Corp. | COM | 430,065 | $8.32M | 0.2% | −149,607−25.8% | Reduced | History |
| SSRMSSR Mining Inc. | Stock | 571,454 | $8.91M | 0.2% | 00.0% | Unchanged | History |
| VIVTelefonica Brasil S.A. | SPONSORED ADS | 1,117,054 | $9.50M | 0.3% | +1,117,054 | New | History |
| GDDYGoDaddy Inc. | CL A | 130,000 | $11.3M | 0.3% | +130,000 | New | History |
| BABAAlibaba Group Holding Ltd | ADR | 51,792 | $11.7M | 0.3% | +1,792+3.6% | Added | History |
| GEGeneral Electric Co | COM | 904,564 | $12.2M | 0.3% | +787,064+669.8% | Added | History |
| Imv Inc44974L103 | COM | 7,313,142 | $15.8M | 0.4% | −140,257−1.9% | Reduced | – |
| LMTLockheed Martin Corp | Stock | 73,006 | $27.6M | 0.8% | +73,006 | New | History |
| GAUGaliano Gold Inc. | COM | 26,378,459 | $28.3M | 0.8% | −443,618−1.7% | Reduced | History |
| Barrick Gold Corp067901108 | COM | 1,506,276 | $28.3M | 0.8% | +549,563+57.4% | Added | – |
| COTYCoty Inc. | COM CL A | 3,522,325 | $32.9M | 0.9% | +1,472,325+71.8% | Added | History |
| IAGIamgold Corp | COM | 12,356,317 | $36.4M | 1.0% | +1,130,946+10.1% | Added | History |
| NEMNEWMONT Corp | Stock | 577,862 | $36.6M | 1.0% | −287,612−33.2% | Reduced | History |
| JPMJPMorgan Chase & Co | Stock | 241,677 | $37.6M | 1.1% | −72,987−23.2% | Reduced | History |
| BRK.BBerkshire Hathaway Inc | Stock | 143,860 | $40.0M | 1.1% | −245,181−63.0% | Reduced | History |
| NTRNutrien Ltd. | COM | 694,870 | $42.1M | 1.2% | −368,650−34.7% | Reduced | History |
| CGAUCenterra Gold Inc. | COM | 6,034,550 | $46.0M | 1.3% | +6,034,550 | New | History |
| GFIGold Fields Ltd | SPONSORED ADR | 5,963,137 | $53.0M | 1.5% | +1,130,041+23.4% | Added | History |
| SCHWSchwab Charles Corp | Stock | 782,930 | $57.0M | 1.6% | −2,003,102−71.9% | Reduced | History |
| CTRACoterra Energy Inc. | Stock | 3,463,219 | $60.5M | 1.7% | −599,575−14.8% | Reduced | History |
| XOMExxonMobil Holdings Corp | COM | 967,796 | $61.0M | 1.7% | +284,852+41.7% | Added | History |
| NOCNorthrop Grumman Corp | Stock | 176,915 | $64.3M | 1.8% | +176,915 | New | History |
| AUAngloGold Ashanti PLC | SPONSORED ADR | 4,073,022 | $75.7M | 2.1% | +1,020,196+33.4% | Added | History |
| GMGeneral Motors Co | COM | 1,337,928 | $79.2M | 2.2% | −461,204−25.6% | Reduced | History |
| FHIFederated Hermes, Inc. | CL B | 3,195,802 | $108.4M | 3.0% | +3,195,802 | New | History |
| EHTHeHealth, Inc. | COM | 1,873,790 | $109.5M | 3.1% | +43,680+2.4% | Added | History |
| EXEExpand Energy Corp | COM | 2,594,944 | $134.7M | 3.8% | +1,724,944+198.3% | Added | History |
| AXPAmerican Express Co | Stock | 1,063,207 | $175.7M | 4.9% | −488,367−31.5% | Reduced | History |
| ALXNAlexion Pharmaceuticals, Inc. | COM | 998,268 | $183.4M | 5.1% | +341,580+52.0% | Added | History |
| WPMWheaton Precious Metals Corp. | COM | 3,361,810 | $187.1M | 5.2% | −229,081−6.4% | Reduced | History |
| KGCKinross Gold Corp | COM | 35,310,654 | $224.4M | 6.3% | +1,777,724+5.3% | Added | History |
| BMYBristol Myers Squibb Co | Stock | 4,249,273 | $283.9M | 8.0% | +52,417+1.2% | Added | History |
| CICigna Group | Stock | 1,537,414 | $364.5M | 10.2% | +188,714+14.0% | Added | History |
| ABEVAmbev S.A. | SPONSORED ADR | 110,193,150 | $378.5M | 10.6% | +12,712,753+13.0% | Added | History |
| CNCCentene Corp | Stock | 5,456,529 | $397.8M | 11.1% | −80,177−1.4% | Reduced | History |
Sold out since Q1 2021 (5)
Positions held at the end of Q1 2021 that are gone from this filing.
| Security | Class | Shares in Q1 2021 | Value in Q1 2021 | % of portfolio in Q1 2021 | History |
|---|---|---|---|---|---|
| CCUUnited Breweries Co Inc | SPONSORED ADR | 500,000 | $8.85M | 0.3% | History |
| CXCemex SAB de CV | SPON ADR NEW | 834,646 | $5.82M | 0.2% | History |
| ATVIActivision Blizzard, Inc. | COM | 19,192 | $1.78M | 0.1% | History |
| BUDAnheuser-Busch InBev SA/NV | ADR | 20,000 | $1.26M | <0.1% | History |
| DSXDiana Shipping Inc. | COM | 60,000 | $182.0K | <0.1% | History |