Ruffer LLP
- SEC CIK
- 0001426859
- Latest filing
- Jul 30, 2026
Holdings in Q3 2023
Holdings as of Sep 30, 2023, filed Nov 13, 2023. Long positions only; changes compare share counts with Q2 2023.
- Positions
- 66
- −4 vs. Q2 2023
- Portfolio value
- $1.80B
- +$96.6M (+5.7%) vs. Q2 2023
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| RYAAYRyanair Holdings PLC | SPONSORED ADR | 1,318,168 | $129.5M | 7.2% | +122,091+10.2% | Added | History |
| ABEVAmbev S.A. | SPONSORED ADR | 45,818,515 | $117.4M | 6.5% | +888,510+2.0% | Added | History |
| BABAAlibaba Group Holding Ltd | ADR | 1,312,820 | $112.3M | 6.2% | +500,680+61.6% | Added | History |
| TSMTaiwan Semiconductor Manufacturing Co Ltd | ADR | 1,248,042 | $107.8M | 6.0% | −15,199−1.2% | Reduced | History |
| CICigna Group | Stock | 364,471 | $105.7M | 5.9% | −9,449−2.5% | Reduced | History |
| AMZNAmazon Com Inc | Stock | 817,694 | $103.0M | 5.7% | +28,114+3.6% | Added | History |
| KGCKinross Gold Corp | COM | 19,091,237 | $87.7M | 4.9% | −2,305,634−10.8% | Reduced | History |
| NEMNEWMONT Corp | Stock | 2,103,232 | $77.8M | 4.3% | +122,383+6.2% | Added | History |
| COTYCoty Inc. | COM CL A | 5,950,409 | $66.3M | 3.7% | +611,853+11.5% | Added | History |
| KVUEKenvue Inc. | Stock | 2,923,675 | $58.8M | 3.3% | +2,923,675 | New | History |
| JXNJackson Financial Inc. | COM CL A | 1,398,354 | $53.3M | 3.0% | −541,560−27.9% | Reduced | History |
| PFEPfizer Inc | Stock | 1,662,226 | $53.3M | 3.0% | +489,177+41.7% | Added | History |
| PXDPioneer Natural Resources Co | COM | 201,733 | $47.2M | 2.6% | −595−0.3% | Reduced | History |
| Barrick Gold Corp067901108 | COM | 3,220,652 | $46.9M | 2.6% | −430,738−11.8% | Reduced | – |
| CGAUCenterra Gold Inc. | COM | 8,547,150 | $42.4M | 2.3% | +1,331,400+18.5% | Added | History |
| XOMExxonMobil Holdings Corp | COM | 329,319 | $39.3M | 2.2% | +60,357+22.4% | Added | History |
| GEGeneral Electric Co | Stock | 322,502 | $36.2M | 2.0% | −1,400−0.4% | Reduced | History |
| CCitigroup Inc | Stock | 849,838 | $35.0M | 1.9% | +849,838 | New | History |
| EWBCEast West Bancorp Inc | COM | 643,050 | $33.7M | 1.9% | +643,050 | New | History |
| AEMAgnico Eagle Mines Ltd | Stock | 734,284 | $33.5M | 1.9% | +159,069+27.7% | Added | History |
| METAMeta Platforms, Inc. | Stock | 108,480 | $33.0M | 1.8% | −77,390−41.6% | Reduced | History |
| GMGeneral Motors Co | COM | 932,869 | $30.9M | 1.7% | +5,047+0.5% | Added | History |
| GDDYGoDaddy Inc. | CL A | 393,046 | $29.0M | 1.6% | −1,700−0.4% | Reduced | History |
| BACBank of America Corp | Stock | 990,960 | $27.3M | 1.5% | +384,470+63.4% | Added | History |
| SUSuncor Energy Inc | Stock | 761,000 | $26.8M | 1.5% | +170,500+28.9% | Added | History |
| AUAngloGold Ashanti PLC | SPONSORED ADR | 1,490,159 | $24.3M | 1.3% | +270,500+22.2% | Added | History |
| PNCPNC Financial Services Group, Inc. | Stock | 159,170 | $19.5M | 1.1% | −700−0.4% | Reduced | History |
| BRK.BBerkshire Hathaway Inc | Stock | 54,336 | $19.4M | 1.1% | −1,520−2.7% | Reduced | History |
| GAUGaliano Gold Inc. | COM | 26,378,459 | $15.9M | 0.9% | 00.0% | Unchanged | History |
| PAASPan American Silver Corp | Stock | 1,108,858 | $15.9M | 0.9% | −96,434−8.0% | Reduced | History |
| NENoble Corp plc | ORD SHS A | 307,875 | $15.8M | 0.9% | −19,825−6.0% | Reduced | History |
| MTBM&T Bank Corp | COM | 122,550 | $15.5M | 0.9% | +36,600+42.6% | Added | History |
| NOVNOV Inc. | COM | 644,930 | $13.7M | 0.8% | −8,700−1.3% | Reduced | History |
| ARISAris Mining Corp | COM | 5,155,500 | $11.6M | 0.6% | +5,155,500 | New | History |
| LTHMLivent Corp. | COM | 635,020 | $11.5M | 0.6% | 00.0% | Unchanged | History |
| GRFSGrifols SA | SP ADR REP B NVT | 1,187,650 | $11.0M | 0.6% | −4,600−0.4% | Reduced | History |
| BTGB2GOLD Corp | COM | 3,497,676 | $10.0M | 0.6% | 00.0% | Unchanged | History |
| FSMFortuna Mining Corp. | COM | 3,368,940 | $9.21M | 0.5% | +1,250,000+59.0% | Added | History |
| WPMWheaton Precious Metals Corp. | COM | 225,424 | $9.12M | 0.5% | −19,692−8.0% | Reduced | History |
| AAAlcoa Corp | Stock | 308,193 | $8.67M | 0.5% | −851−0.3% | Reduced | History |
| SKESkeena Resources Ltd | Common Stock | 1,782,970 | $8.39M | 0.5% | 00.0% | Unchanged | History |
| SSRMSSR Mining Inc. | Stock | 631,259 | $8.38M | 0.5% | 00.0% | Unchanged | History |
| TECKTeck Resources Ltd | CL B | 123,700 | $5.25M | 0.3% | −5,770−4.5% | Reduced | History |
| PMPhilip Morris International Inc. | Stock | 42,000 | $3.91M | 0.2% | 00.0% | Unchanged | History |
| CVXChevron Corp | Stock | 22,000 | $3.75M | 0.2% | 00.0% | Unchanged | History |
| GFIGold Fields Ltd | SPONSORED ADR | 300,000 | $3.27M | 0.2% | +300,000 | New | History |
| DDDuPont de Nemours, Inc. | COM | 40,000 | $2.98M | 0.2% | 00.0% | Unchanged | History |
| FMXMexican Economic Development Inc | SPON ADR UNITS | 27,000 | $2.91M | 0.2% | 00.0% | Unchanged | History |
| JPMJPMorgan Chase & Co | Stock | 15,844 | $2.34M | 0.1% | +1,774+12.6% | Added | History |
| TSTenaris SA | SPONSORED ADS | 66,536 | $2.13M | 0.1% | −77,864−53.9% | Reduced | History |
| MKLMarkel Group Inc. | COM | 1,300 | $1.96M | 0.1% | 00.0% | Unchanged | History |
| GLDGGoldMining Inc. | COM | 2,301,996 | $1.84M | 0.1% | 00.0% | Unchanged | History |
| ARCOArcos Dorados Holdings Inc. | SHS CLASS -A - | 152,142 | $1.43M | 0.1% | 00.0% | Unchanged | History |
| MLMMartin Marietta Materials Inc | COM | 3,000 | $1.24M | 0.1% | 00.0% | Unchanged | History |
| DNOWDNOW Inc. | COM | 100,000 | $1.23M | 0.1% | 00.0% | Unchanged | History |
| BPBP PLC | ADR | 31,000 | $1.22M | 0.1% | 00.0% | Unchanged | History |
| FHIFederated Hermes, Inc. | CL B | 35,000 | $1.20M | 0.1% | −200,000−85.1% | Reduced | History |
| JAZZJazz Pharmaceuticals plc | SHS USD | 7,702 | $1.01M | 0.1% | 00.0% | Unchanged | History |
| BUDAnheuser-Busch InBev SA/NV | ADR | 17,000 | $910.1K | 0.1% | 00.0% | Unchanged | History |
| WFCWells Fargo & Company | Stock | 22,000 | $899.6K | <0.1% | 00.0% | Unchanged | History |
| DOWDow Inc. | Stock | 15,972 | $812.9K | <0.1% | 00.0% | Unchanged | History |
| ITRGIntegra Resources Corp. | COM | 953,831 | $767.4K | <0.1% | +953,831 | New | History |
| INVXInnovex International, Inc. | COM | 20,000 | $577.0K | <0.1% | 00.0% | Unchanged | History |
| DBDeutsche Bank Aktiengesellschaft | NAMEN AKT | 35,850 | $391.9K | <0.1% | 00.0% | Unchanged | History |
| SBSafe Bulkers, Inc. | COM | 110,000 | $356.7K | <0.1% | −50,000−31.3% | Reduced | History |
| SBLKStar Bulk Carriers Corp. | SHS PAR | 16,713 | $320.1K | <0.1% | +1,274+8.3% | Added | History |
Sold out since Q2 2023 (10)
Positions held at the end of Q2 2023 that are gone from this filing.
| Security | Class | Shares in Q2 2023 | Value in Q2 2023 | % of portfolio in Q2 2023 | History |
|---|---|---|---|---|---|
| SYFSynchrony Financial | COM | 290,943 | $7.56M | 0.4% | History |
| ERICEricsson LM Telephone Co | ADR B SEK 10 | 250,000 | $1.36M | 0.1% | History |
| ITRGIntegra Resources Corp. | COM NEW | 953,831 | $1.06M | 0.1% | History |
| LUVSouthwest Airlines Co | COM | 20,000 | $724.1K | <0.1% | History |
| GOROGoldgroup Mining Inc. | COM | 870,879 | $544.3K | <0.1% | History |
| GLDSPDR Gold Trust | ETF | 2,710 | $483.2K | <0.1% | History |
| USASAmericas Gold & Silver Corp | COM | 1,199,493 | $424.7K | <0.1% | History |
| USBUS Bancorp DE | COM NEW | 9,000 | $297.2K | <0.1% | History |
| BURBurford Capital Ltd | ORD SHS | 20,000 | $243.4K | <0.1% | History |
| EXEExpand Energy Corp | COM | 2,782 | $232.8K | <0.1% | History |