Ruffer LLP
- SEC CIK
- 0001426859
- Latest filing
- Jul 30, 2026
Holdings in Q1 2022
Holdings as of Mar 31, 2022, filed May 12, 2022. Long positions only; changes compare share counts with Q4 2021.
- Positions
- 101
- 0 vs. Q4 2021
- Portfolio value
- $4.28B
- +$126.2M (+3.0%) vs. Q4 2021
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| BRF SA10552T107 | SPONSORED ADR | 37,510 | $149.0K | <0.1% | 00.0% | Unchanged | – |
| HTZWWHertz Global Holdings, Inc | Common Stock | 11,150 | $170.0K | <0.1% | 00.0% | Unchanged | History |
| AFLAflac Inc | Stock | 3,427 | $221.0K | <0.1% | 00.0% | Unchanged | History |
| VanEck ETF Trust92189F106 | GOLD MINERS ETF | 6,181 | $237.0K | <0.1% | −9,844−61.4% | Reduced | – |
| PSHGPerformance Shipping Inc. | COM NEW | 105,572 | $319.0K | <0.1% | 00.0% | Unchanged | History |
| CHKPCheck Point Software Technologies Ltd | ORD | 2,417 | $334.0K | <0.1% | −53−2.1% | Reduced | History |
| GASSStealthGas Inc. | SHS | 167,994 | $404.0K | <0.1% | −32,006−16.0% | Reduced | History |
| MSFTMicrosoft Corp | Stock | 1,346 | $415.0K | <0.1% | −1,248−48.1% | Reduced | History |
| NOVNOV Inc. | COM | 25,048 | $491.0K | <0.1% | −79,405−76.0% | Reduced | History |
| MRSHMarsh & McLennan Companies, Inc. | Stock | 2,900 | $494.0K | <0.1% | 00.0% | Unchanged | History |
| VIPSVipshop Holdings Ltd | SPONSORED ADS A | 84,867 | $764.0K | <0.1% | +25,850+43.8% | Added | History |
| SBSafe Bulkers, Inc. | COM | 163,788 | $779.0K | <0.1% | 00.0% | Unchanged | History |
| NEENextera Energy Inc | Stock | 9,700 | $822.0K | <0.1% | 00.0% | Unchanged | History |
| TIMBTim S.A. | SPONSORED ADR | 58,330 | $845.0K | <0.1% | −277,243−82.6% | Reduced | History |
| CMICummins Inc | Stock | 4,300 | $882.0K | <0.1% | 00.0% | Unchanged | History |
| VIVTelefonica Brasil S.A. | SPONSORED ADS | 81,498 | $916.0K | <0.1% | −1,381−1.7% | Reduced | History |
| 4D Pharma PLC35085K109 | SPONSORED ADS | 195,954 | $945.0K | <0.1% | 00.0% | Unchanged | – |
| GLDSPDR Gold Trust | ETF | 5,683 | $1.03M | <0.1% | +2,354+70.7% | Added | History |
| DOWDow Inc. | Stock | 16,363 | $1.04M | <0.1% | 00.0% | Unchanged | History |
| USBUS Bancorp DE | COM NEW | 20,000 | $1.06M | <0.1% | 00.0% | Unchanged | History |
| WFCWells Fargo & Company | Stock | 22,000 | $1.07M | <0.1% | −4,000−15.4% | Reduced | History |
| APAAPA Corp | Stock | 26,000 | $1.07M | <0.1% | 00.0% | Unchanged | History |
| CLHClean Harbors Inc | COM | 10,000 | $1.12M | <0.1% | 00.0% | Unchanged | History |
| MLMMartin Marietta Materials Inc | COM | 3,000 | $1.16M | <0.1% | 00.0% | Unchanged | History |
| JAZZJazz Pharmaceuticals plc | SHS USD | 7,702 | $1.20M | <0.1% | 00.0% | Unchanged | History |
| DBDeutsche Bank Aktiengesellschaft | NAMEN AKT | 95,850 | $1.22M | <0.1% | −10,650−10.0% | Reduced | History |
| ARCOArcos Dorados Holdings Inc. | SHS CLASS -A - | 152,142 | $1.24M | <0.1% | 00.0% | Unchanged | History |
| NXSTNexstar Media Group, Inc. | COMMON STOCK | 6,723 | $1.27M | <0.1% | 00.0% | Unchanged | History |
| MTBM&T Bank Corp | COM | 7,592 | $1.29M | <0.1% | 00.0% | Unchanged | History |
| INVXInnovex International, Inc. | COM | 35,000 | $1.31M | <0.1% | +35,000 | New | History |
| TWTRTwitter, Inc. | COM | 35,000 | $1.35M | <0.1% | +35,000 | New | History |
| NOMDNomad Foods Ltd | USD ORD SHS | 60,000 | $1.35M | <0.1% | +30,000+100.0% | Added | History |
| MKLMarkel Group Inc. | COM | 1,000 | $1.48M | <0.1% | 00.0% | Unchanged | History |
| USASAmericas Gold & Silver Corp | COM | 1,449,493 | $1.56M | <0.1% | 00.0% | Unchanged | History |
| ORAOrmat Technologies, Inc. | COM | 20,300 | $1.66M | <0.1% | 00.0% | Unchanged | History |
| SHELShell plc | ADR | 34,000 | $1.87M | <0.1% | +34,000 | New | History |
| FISVFiserv Inc | Stock | 20,000 | $2.03M | <0.1% | +20,000 | New | History |
| MROMarathon Oil Corp | COM | 88,501 | $2.22M | 0.1% | −2,065,014−95.9% | Reduced | History |
| DVADavita Inc. | COM | 20,000 | $2.26M | 0.1% | 00.0% | Unchanged | History |
| DNOWDNOW Inc. | COM | 230,000 | $2.54M | 0.1% | +110,000+91.7% | Added | History |
| PMPhilip Morris International Inc. | Stock | 28,000 | $2.63M | 0.1% | +15,000+115.4% | Added | History |
| ITRGIntegra Resources Corp. | COM NEW | 2,014,579 | $2.91M | 0.1% | +400,000+24.8% | Added | History |
| LTHMLivent Corp. | COM | 125,059 | $3.26M | 0.1% | +51,456+69.9% | Added | History |
| Great Panther MNG Ltd39115V101 | COM | 14,049,172 | $3.45M | 0.1% | −999,742−6.6% | Reduced | – |
| DISWalt Disney Co | Stock | 26,086 | $3.58M | 0.1% | −204−0.8% | Reduced | History |
| CVXChevron Corp | Stock | 22,000 | $3.58M | 0.1% | −10,000−31.3% | Reduced | History |
| DRDDrdgold Ltd | SPON ADR REPSTG | 391,730 | $3.68M | 0.1% | 00.0% | Unchanged | History |
| GOROGoldgroup Mining Inc. | COM | 1,720,043 | $3.84M | 0.1% | 00.0% | Unchanged | History |
| YAlleghany Corp | COM | 4,900 | $4.15M | 0.1% | 00.0% | Unchanged | History |
| BTGB2GOLD Corp | COM | 905,900 | $4.17M | 0.1% | +400,000+79.1% | Added | History |
| GLDGGoldMining Inc. | COM | 2,501,996 | $4.29M | 0.1% | 00.0% | Unchanged | History |
| Imv Inc44974L103 | COM | 4,419,545 | $6.28M | 0.1% | −377,241−7.9% | Reduced | – |
| NTRNutrien Ltd. | COM | 60,580 | $6.29M | 0.1% | 00.0% | Unchanged | History |
| EQXEquinox Gold Corp. | COM | 817,965 | $6.77M | 0.2% | 00.0% | Unchanged | History |
| AEMAgnico Eagle Mines Ltd | Stock | 193,432 | $11.9M | 0.3% | +193,432 | New | History |
| SSRMSSR Mining Inc. | Stock | 579,359 | $12.6M | 0.3% | +14,845+2.6% | Added | History |
| FSMFortuna Mining Corp. | COM | 3,695,940 | $14.1M | 0.3% | −348,900−8.6% | Reduced | History |
| GAUGaliano Gold Inc. | COM | 26,378,459 | $14.9M | 0.3% | 00.0% | Unchanged | History |
| EHTHeHealth, Inc. | COM | 1,324,843 | $16.4M | 0.4% | −710,600−34.9% | Reduced | History |
| METAMeta Platforms, Inc. | Stock | 75,106 | $16.7M | 0.4% | +75,106 | New | History |
| GOOGLAlphabet Inc. | Stock | 6,072 | $16.9M | 0.4% | +6,072 | New | History |
| Yamana Gold Inc98462Y100 | COM | 3,683,646 | $20.6M | 0.5% | +612,478+19.9% | Added | – |
| JPMJPMorgan Chase & Co | Stock | 177,693 | $24.2M | 0.6% | −25,035−12.3% | Reduced | History |
| LUVSouthwest Airlines Co | COM | 534,580 | $24.5M | 0.6% | −203,640−27.6% | Reduced | History |
| IAGIamgold Corp | COM | 7,243,957 | $25.2M | 0.6% | −800,000−9.9% | Reduced | History |
| COPConocoPhillips | Stock | 252,400 | $25.2M | 0.6% | −919,052−78.5% | Reduced | History |
| COHRCoherent Corp. | COM | 372,501 | $27.0M | 0.6% | −13,033−3.4% | Reduced | History |
| CNCCentene Corp | Stock | 340,373 | $28.7M | 0.7% | −1,154,784−77.2% | Reduced | History |
| PFEPfizer Inc | Stock | 578,634 | $30.0M | 0.7% | +19,280+3.4% | Added | History |
| VSXYVictoria's Secret & Co. | COMMON STOCK | 615,059 | $31.6M | 0.7% | −723,218−54.0% | Reduced | History |
| JXNJackson Financial Inc. | COM CL A | 721,275 | $31.9M | 0.7% | −226,010−23.9% | Reduced | History |
| ZNGAZynga Inc | CL A | 3,713,040 | $34.3M | 0.8% | +3,713,040 | New | History |
| HTZHertz Global Holdings, Inc | COM NEW | 1,718,103 | $38.0M | 0.9% | −6,696,652−79.6% | Reduced | History |
| BRK.BBerkshire Hathaway Inc | Stock | 115,788 | $40.9M | 1.0% | −15,043−11.5% | Reduced | History |
| ATVIActivision Blizzard, Inc. | COM | 511,706 | $41.0M | 1.0% | +511,706 | New | History |
| OVVOvintiv Inc. | COM | 838,894 | $45.3M | 1.1% | −517,279−38.1% | Reduced | History |
| LMTLockheed Martin Corp | Stock | 105,537 | $46.6M | 1.1% | −19,128−15.3% | Reduced | History |
| GDDYGoDaddy Inc. | CL A | 571,152 | $47.8M | 1.1% | −5,678−1.0% | Reduced | History |
| COTYCoty Inc. | COM CL A | 5,376,188 | $48.4M | 1.1% | +153,440+2.9% | Added | History |
| XOMExxonMobil Holdings Corp | COM | 596,451 | $49.3M | 1.2% | −395,339−39.9% | Reduced | History |
| GEGeneral Electric Co | Stock | 559,559 | $51.2M | 1.2% | +122,652+28.1% | Added | History |
| CGAUCenterra Gold Inc. | COM | 5,681,450 | $55.8M | 1.3% | −187,600−3.2% | Reduced | History |
| SCHWSchwab Charles Corp | Stock | 667,258 | $56.3M | 1.3% | −231,254−25.7% | Reduced | History |
| BPBP PLC | ADR | 1,915,000 | $56.3M | 1.3% | +1,565,000+447.1% | Added | History |
| CTRACoterra Energy Inc. | Stock | 2,100,389 | $56.7M | 1.3% | −1,012,000−32.5% | Reduced | History |
| GFIGold Fields Ltd | SPONSORED ADR | 4,267,957 | $66.0M | 1.5% | −3,040,133−41.6% | Reduced | History |
| VODVodafone Group Public Ltd Co | ADR | 4,262,823 | $70.8M | 1.7% | +4,262,823 | New | History |
| FHIFederated Hermes, Inc. | CL B | 2,461,049 | $83.8M | 2.0% | −440,446−15.2% | Reduced | History |
| GMGeneral Motors Co | COM | 1,965,511 | $86.0M | 2.0% | +270,693+16.0% | Added | History |
| AZNAstraZeneca PLC | SPONSORED ADR | 1,604,629 | $106.4M | 2.5% | −255,603−13.7% | Reduced | History |
| NEMNEWMONT Corp | Stock | 1,444,619 | $114.8M | 2.7% | +137,506+10.5% | Added | History |
| AUAngloGold Ashanti PLC | SPONSORED ADR | 4,882,311 | $115.7M | 2.7% | +352,369+7.8% | Added | History |
| AXPAmerican Express Co | Stock | 767,708 | $143.5M | 3.4% | −114,307−13.0% | Reduced | History |
| NOCNorthrop Grumman Corp | Stock | 339,626 | $151.9M | 3.6% | +62,484+22.5% | Added | History |
| EXEExpand Energy Corp | COM | 2,419,547 | $210.4M | 4.9% | −13,304−0.5% | Reduced | History |
| BMYBristol Myers Squibb Co | Stock | 3,308,778 | $241.6M | 5.6% | −1,628,767−33.0% | Reduced | History |
| Barrick Gold Corp067901108 | COM | 10,153,496 | $249.2M | 5.8% | +2,814,261+38.3% | Added | – |
| WPMWheaton Precious Metals Corp. | COM | 6,248,318 | $297.4M | 7.0% | +622,831+11.1% | Added | History |
| ABEVAmbev S.A. | SPONSORED ADR | 113,874,595 | $367.2M | 8.6% | −3,412,066−2.9% | Reduced | History |
| CICigna Group | Stock | 1,581,446 | $379.0M | 8.9% | −279,007−15.0% | Reduced | History |
Sold out since Q4 2021 (10)
Positions held at the end of Q4 2021 that are gone from this filing.
| Security | Class | Shares in Q4 2021 | Value in Q4 2021 | % of portfolio in Q4 2021 | History |
|---|---|---|---|---|---|
| Coherent Inc192479103 | COM | 91,928 | $24.6M | 0.6% | – |
| BCOBrinks Co | COM | 280,726 | $18.4M | 0.4% | History |
| VVisa Inc. | Stock | 57,000 | $12.7M | 0.3% | History |
| New Gold Inc Cda644535106 | COM | 1,000,000 | $1.50M | <0.1% | – |
| CAGConagra Brands Inc. | Stock | 32,000 | $1.09M | <0.1% | History |
| AAPLApple Inc. | Stock | 4,062 | $742.0K | <0.1% | History |
| HMYHarmony Gold Mining Co Ltd | ADR | 149,785 | $585.0K | <0.1% | History |
| SPOTSpotify Technology S.A. | Stock | 947 | $232.0K | <0.1% | History |
| NXPINXP Semiconductors N.V. | COM | 985 | $229.0K | <0.1% | History |
| APTVAptiv PLC | SHS | 1,238 | $206.0K | <0.1% | History |