Ruffer LLP
- SEC CIK
- 0001426859
- Latest filing
- Jul 30, 2026
Holdings in Q3 2021
Holdings as of Sep 30, 2021, filed Nov 10, 2021. Long positions only; changes compare share counts with Q2 2021.
- Positions
- 90
- +1 vs. Q2 2021
- Portfolio value
- $3.16B
- −$410.2M (−11.5%) vs. Q2 2021
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| PSHGPerformance Shipping Inc. | COM NEW | 35,000 | $198.0K | <0.1% | 00.0% | Unchanged | History |
| SPOTSpotify Technology S.A. | Stock | 947 | $216.0K | <0.1% | −13,165−93.3% | Reduced | History |
| AFLAflac Inc | Stock | 4,778 | $252.0K | <0.1% | −62,569−92.9% | Reduced | History |
| CHKPCheck Point Software Technologies Ltd | ORD | 2,808 | $319.0K | <0.1% | −41−1.4% | Reduced | History |
| MRSHMarsh & McLennan Companies, Inc. | Stock | 2,900 | $445.0K | <0.1% | −500−14.7% | Reduced | History |
| VanEck ETF Trust92189F106 | GOLD MINERS ETF | 16,025 | $468.0K | <0.1% | −36−0.2% | Reduced | – |
| HMYHarmony Gold Mining Co Ltd | ADR | 149,785 | $475.0K | <0.1% | 00.0% | Unchanged | History |
| VIPSVipshop Holdings Ltd | SPONSORED ADS A | 45,191 | $491.0K | <0.1% | −357,309−88.8% | Reduced | History |
| GLDSPDR Gold Trust | ETF | 3,211 | $526.0K | <0.1% | +78+2.5% | Added | History |
| GASSStealthGas Inc. | SHS | 200,000 | $546.0K | <0.1% | 00.0% | Unchanged | History |
| AAPLApple Inc. | Stock | 4,776 | $678.0K | <0.1% | 00.0% | Unchanged | History |
| HUMHumana Inc | Stock | 1,799 | $701.0K | <0.1% | −207−10.3% | Reduced | History |
| BABAAlibaba Group Holding Ltd | ADR | 5,295 | $760.0K | <0.1% | −46,497−89.8% | Reduced | History |
| NEENextera Energy Inc | Stock | 9,700 | $765.0K | <0.1% | 00.0% | Unchanged | History |
| ARCOArcos Dorados Holdings Inc. | SHS CLASS -A - | 152,142 | $776.0K | <0.1% | +2,142+1.4% | Added | History |
| MSFTMicrosoft Corp | Stock | 2,718 | $782.0K | <0.1% | −21−0.8% | Reduced | History |
| NOMDNomad Foods Ltd | USD ORD SHS | 30,000 | $845.0K | <0.1% | −238,659−88.8% | Reduced | History |
| BTGB2GOLD Corp | COM | 250,000 | $845.0K | <0.1% | +250,000 | New | History |
| SBSafe Bulkers, Inc. | COM | 163,788 | $860.0K | <0.1% | −70,000−29.9% | Reduced | History |
| VSATViasat Inc | COM | 16,500 | $928.0K | <0.1% | 00.0% | Unchanged | History |
| DOWDow Inc. | Stock | 16,363 | $954.0K | <0.1% | −33−0.2% | Reduced | History |
| CMICummins Inc | Stock | 4,300 | $976.0K | <0.1% | +1,600+59.3% | Added | History |
| JAZZJazz Pharmaceuticals plc | SHS USD | 7,702 | $996.0K | <0.1% | 00.0% | Unchanged | History |
| EAFGraftech International Ltd | COM | 97,000 | $1.00M | <0.1% | 00.0% | Unchanged | History |
| HRBH&R Block Inc | COM | 40,000 | $1.01M | <0.1% | 00.0% | Unchanged | History |
| NXSTNexstar Media Group, Inc. | COMMON STOCK | 6,683 | $1.02M | <0.1% | −48,064−87.8% | Reduced | History |
| MLMMartin Marietta Materials Inc | COM | 3,000 | $1.06M | <0.1% | 00.0% | Unchanged | History |
| CLHClean Harbors Inc | COM | 10,000 | $1.07M | <0.1% | 00.0% | Unchanged | History |
| CAGConagra Brands Inc. | Stock | 32,000 | $1.07M | <0.1% | 00.0% | Unchanged | History |
| USASAmericas Gold & Silver Corp | COM | 1,449,493 | $1.09M | <0.1% | 00.0% | Unchanged | History |
| MTBM&T Bank Corp | COM | 7,592 | $1.16M | <0.1% | +92+1.2% | Added | History |
| MKLMarkel Group Inc. | COM | 1,000 | $1.20M | <0.1% | 00.0% | Unchanged | History |
| 4D Pharma PLC35085K109 | SPONSORED ADS | 195,954 | $1.20M | <0.1% | 00.0% | Unchanged | – |
| USBUS Bancorp DE | COM NEW | 20,000 | $1.21M | <0.1% | 00.0% | Unchanged | History |
| WFCWells Fargo & Company | Stock | 26,000 | $1.22M | <0.1% | 00.0% | Unchanged | History |
| PMPhilip Morris International Inc. | Stock | 13,000 | $1.24M | <0.1% | −66,992−83.7% | Reduced | History |
| DBDeutsche Bank Aktiengesellschaft | NAMEN AKT | 106,500 | $1.33M | <0.1% | 00.0% | Unchanged | History |
| ORAOrmat Technologies, Inc. | COM | 20,300 | $1.36M | <0.1% | 00.0% | Unchanged | History |
| NOVNOV Inc. | COM | 106,196 | $1.42M | <0.1% | −12,824−10.8% | Reduced | History |
| GLDGGoldMining Inc. | COM | 2,501,996 | $2.92M | 0.1% | 00.0% | Unchanged | History |
| YAlleghany Corp | COM | 4,900 | $3.08M | 0.1% | 00.0% | Unchanged | History |
| DRDDrdgold Ltd | SPON ADR REPSTG | 391,730 | $3.19M | 0.1% | 00.0% | Unchanged | History |
| ITRGIntegra Resources Corp. | COM NEW | 1,614,579 | $3.69M | 0.1% | 00.0% | Unchanged | History |
| NTRNutrien Ltd. | COM | 60,580 | $4.05M | 0.1% | −634,290−91.3% | Reduced | History |
| CVXChevron Corp | Stock | 40,000 | $4.15M | 0.1% | +40,000 | New | History |
| TIMBTim S.A. | SPONSORED ADR | 385,058 | $4.22M | 0.1% | +44,059+12.9% | Added | History |
| Great Panther MNG Ltd39115V101 | COM | 10,048,914 | $4.65M | 0.1% | 00.0% | Unchanged | – |
| DISWalt Disney Co | Stock | 26,704 | $4.68M | 0.1% | −483−1.8% | Reduced | History |
| VIVTelefonica Brasil S.A. | SPONSORED ADS | 608,752 | $4.81M | 0.2% | −508,302−45.5% | Reduced | History |
| EQXEquinox Gold Corp. | COM | 817,965 | $5.26M | 0.2% | 00.0% | Unchanged | History |
| LTHMLivent Corp. | COM | 234,395 | $5.53M | 0.2% | −195,670−45.5% | Reduced | History |
| BRF SA10552T107 | SPONSORED ADR | 1,318,610 | $6.72M | 0.2% | +443,610+50.7% | Added | – |
| COPConocoPhillips | Stock | 109,450 | $7.63M | 0.2% | +109,450 | New | History |
| SSRMSSR Mining Inc. | Stock | 571,454 | $8.24M | 0.3% | 00.0% | Unchanged | History |
| Imv Inc44974L103 | COM | 5,523,399 | $9.26M | 0.3% | −1,789,743−24.5% | Reduced | – |
| COHRCoherent Corp. | COM | 209,287 | $12.6M | 0.4% | +209,287 | New | History |
| Coherent Inc192479103 | COM | 50,286 | $12.6M | 0.4% | +50,286 | New | – |
| JXNJackson Financial Inc. | COM CL A | 524,995 | $13.6M | 0.4% | +524,995 | New | History |
| GEGeneral Electric Co | Stock | 138,446 | $14.6M | 0.5% | +25,376+22.4% | AddedConverted for a 1-for-8 split | History |
| FSMFortuna Mining Corp. | COM | 4,345,040 | $16.9M | 0.5% | +4,345,040 | New | History |
| PFEPfizer Inc | Stock | 434,890 | $18.6M | 0.6% | +227,047+109.2% | Added | History |
| GAUGaliano Gold Inc. | COM | 26,378,459 | $19.1M | 0.6% | 00.0% | Unchanged | History |
| GDDYGoDaddy Inc. | CL A | 278,890 | $19.9M | 0.6% | +148,890+114.5% | Added | History |
| LMTLockheed Martin Corp | Stock | 74,005 | $25.6M | 0.8% | +999+1.4% | Added | History |
| IAGIamgold Corp | COM | 12,556,317 | $28.2M | 0.9% | +200,000+1.6% | Added | History |
| COTYCoty Inc. | COM CL A | 3,637,910 | $29.6M | 0.9% | +115,585+3.3% | Added | History |
| Barrick Gold Corp067901108 | COM | 1,900,597 | $34.0M | 1.1% | +394,321+26.2% | Added | – |
| NEMNEWMONT Corp | Stock | 676,154 | $36.0M | 1.1% | +98,292+17.0% | Added | History |
| BRK.BBerkshire Hathaway Inc | Stock | 131,556 | $36.1M | 1.1% | −12,304−8.6% | Reduced | History |
| JPMJPMorgan Chase & Co | Stock | 231,431 | $38.5M | 1.2% | −10,246−4.2% | Reduced | History |
| CGAUCenterra Gold Inc. | COM | 6,079,550 | $42.5M | 1.3% | +45,000+0.7% | Added | History |
| GFIGold Fields Ltd | SPONSORED ADR | 6,767,015 | $55.1M | 1.7% | +803,878+13.5% | Added | History |
| CARAvis Budget Group, Inc. | COM | 457,636 | $55.5M | 1.8% | +457,636 | New | History |
| SCHWSchwab Charles Corp | Stock | 772,192 | $57.2M | 1.8% | −10,738−1.4% | Reduced | History |
| XOMExxonMobil Holdings Corp | COM | 1,092,229 | $66.2M | 2.1% | +124,433+12.9% | Added | History |
| NOCNorthrop Grumman Corp | Stock | 186,234 | $66.9M | 2.1% | +9,319+5.3% | Added | History |
| AUAngloGold Ashanti PLC | SPONSORED ADR | 4,245,122 | $68.5M | 2.2% | +172,100+4.2% | Added | History |
| GMGeneral Motors Co | COM | 1,474,995 | $78.0M | 2.5% | +137,067+10.2% | Added | History |
| CTRACoterra Energy Inc. | Stock | 3,621,149 | $80.2M | 2.5% | +157,930+4.6% | Added | History |
| EHTHeHealth, Inc. | COM | 2,156,575 | $88.9M | 2.8% | +282,785+15.1% | Added | History |
| FHIFederated Hermes, Inc. | CL B | 3,160,276 | $102.6M | 3.2% | −35,526−1.1% | Reduced | History |
| AZNAstraZeneca PLC | SPONSORED ADR | 1,971,796 | $117.1M | 3.7% | +1,971,796 | New | History |
| AXPAmerican Express Co | Stock | 807,942 | $139.9M | 4.4% | −255,265−24.0% | Reduced | History |
| EXEExpand Energy Corp | COM | 2,529,579 | $156.2M | 4.9% | −65,365−2.5% | Reduced | History |
| WPMWheaton Precious Metals Corp. | COM | 4,342,517 | $159.8M | 5.1% | +980,707+29.2% | Added | History |
| CNCCentene Corp | Stock | 3,408,459 | $213.9M | 6.8% | −2,048,070−37.5% | Reduced | History |
| KGCKinross Gold Corp | COM | 41,391,135 | $218.9M | 6.9% | +6,080,481+17.2% | Added | History |
| BMYBristol Myers Squibb Co | Stock | 3,949,095 | $234.0M | 7.4% | −300,178−7.1% | Reduced | History |
| ABEVAmbev S.A. | SPONSORED ADR | 110,784,545 | $305.9M | 9.7% | +591,395+0.5% | Added | History |
| CICigna Group | Stock | 1,891,168 | $381.4M | 12.1% | +353,754+23.0% | Added | History |
Sold out since Q2 2021 (8)
Positions held at the end of Q2 2021 that are gone from this filing.
| Security | Class | Shares in Q2 2021 | Value in Q2 2021 | % of portfolio in Q2 2021 | History |
|---|---|---|---|---|---|
| ALXNAlexion Pharmaceuticals, Inc. | COM | 998,268 | $183.4M | 5.1% | History |
| VZVerizon Communications Inc | Stock | 113,824 | $6.38M | 0.2% | History |
| Despegar Com CorpG27358103 | ORD SHS | 450,000 | $5.95M | 0.2% | – |
| KORCorvus Gold ULC | COM | 1,662,119 | $4.63M | 0.1% | History |
| KHCKraft Heinz Co | Stock | 35,000 | $1.43M | <0.1% | History |
| ACGLArch Capital Group Ltd. | Stock | 6,000 | $234.0K | <0.1% | History |
| APTVAptiv PLC | SHS | 1,305 | $205.0K | <0.1% | History |
| NXPINXP Semiconductors N.V. | COM | 985 | $203.0K | <0.1% | History |