Ruffer LLP
- SEC CIK
- 0001426859
- Latest filing
- Jul 30, 2026
Holdings in Q4 2023
Holdings as of Dec 31, 2023, filed Feb 12, 2024. Long positions only; changes compare share counts with Q3 2023.
- Positions
- 67
- +1 vs. Q3 2023
- Portfolio value
- $2.69B
- +$887.1M (+49.2%) vs. Q3 2023
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| NTRNutrien Ltd. | COM | 4,627 | $260.7K | <0.1% | +4,627 | New | History |
| SBLKStar Bulk Carriers Corp. | SHS PAR | 16,383 | $348.3K | <0.1% | −330−2.0% | Reduced | History |
| SBSafe Bulkers, Inc. | COM | 110,000 | $431.8K | <0.1% | 00.0% | Unchanged | History |
| INVXInnovex International, Inc. | COM | 20,000 | $465.3K | <0.1% | 00.0% | Unchanged | History |
| DBDeutsche Bank Aktiengesellschaft | NAMEN AKT | 35,850 | $488.0K | <0.1% | 00.0% | Unchanged | History |
| GLDGGoldMining Inc. | COM | 901,996 | $875.0K | <0.1% | −1,400,000−60.8% | Reduced | History |
| DOWDow Inc. | Stock | 15,972 | $875.8K | <0.1% | 00.0% | Unchanged | History |
| JAZZJazz Pharmaceuticals plc | SHS USD | 7,702 | $947.4K | <0.1% | 00.0% | Unchanged | History |
| ITRGIntegra Resources Corp. | COM | 953,831 | $1.00M | <0.1% | 00.0% | Unchanged | History |
| WFCWells Fargo & Company | Stock | 22,000 | $1.08M | <0.1% | 00.0% | Unchanged | History |
| BUDAnheuser-Busch InBev SA/NV | ADR | 17,000 | $1.10M | <0.1% | 00.0% | Unchanged | History |
| DNOWDNOW Inc. | COM | 100,000 | $1.13M | <0.1% | 00.0% | Unchanged | History |
| FHIFederated Hermes, Inc. | CL B | 35,000 | $1.18M | <0.1% | 00.0% | Unchanged | History |
| MLMMartin Marietta Materials Inc | COM | 3,000 | $1.50M | 0.1% | 00.0% | Unchanged | History |
| DDDuPont de Nemours, Inc. | COM | 22,000 | $1.69M | 0.1% | −18,000−45.0% | Reduced | History |
| MKLMarkel Group Inc. | COM | 1,300 | $1.85M | 0.1% | 00.0% | Unchanged | History |
| ARCOArcos Dorados Holdings Inc. | SHS CLASS -A - | 152,142 | $1.93M | 0.1% | 00.0% | Unchanged | History |
| JPMJPMorgan Chase & Co | Stock | 15,681 | $2.67M | 0.1% | −163−1.0% | Reduced | History |
| CVXChevron Corp | Stock | 22,000 | $3.28M | 0.1% | 00.0% | Unchanged | History |
| FMXMexican Economic Development Inc | SPON ADR UNITS | 27,000 | $3.52M | 0.1% | 00.0% | Unchanged | History |
| PMPhilip Morris International Inc. | Stock | 42,000 | $3.95M | 0.1% | 00.0% | Unchanged | History |
| BNBROOKFIELD Corp | CL A LTD VT SH | 120,000 | $4.82M | 0.2% | +120,000 | New | History |
| TECKTeck Resources Ltd | CL B | 116,700 | $4.93M | 0.2% | −7,000−5.7% | Reduced | History |
| PXDPioneer Natural Resources Co | COM | 24,073 | $5.42M | 0.2% | −177,660−88.1% | Reduced | History |
| TSTenaris SA | SPONSORED ADS | 177,306 | $6.16M | 0.2% | +110,770+166.5% | Added | History |
| SSRMSSR Mining Inc. | Stock | 743,535 | $7.99M | 0.3% | +112,276+17.8% | Added | History |
| LTHMLivent Corp. | COM | 504,800 | $9.06M | 0.3% | −130,220−20.5% | Reduced | History |
| BTGB2GOLD Corp | COM | 3,497,676 | $11.0M | 0.4% | 00.0% | Unchanged | History |
| WPMWheaton Precious Metals Corp. | COM | 200,756 | $11.4M | 0.4% | −24,668−10.9% | Reduced | History |
| AAAlcoa Corp | Stock | 335,887 | $11.4M | 0.4% | +27,694+9.0% | Added | History |
| SKESkeena Resources Ltd | Common Stock | 2,337,970 | $11.5M | 0.4% | +555,000+31.1% | Added | History |
| FSMFortuna Mining Corp. | COM | 3,048,140 | $11.8M | 0.4% | −320,800−9.5% | Reduced | History |
| GRFSGrifols SA | SP ADR REP B NVT | 1,076,315 | $12.5M | 0.5% | −111,335−9.4% | Reduced | History |
| NOVNOV Inc. | COM | 713,730 | $14.5M | 0.5% | +68,800+10.7% | Added | History |
| NENoble Corp plc | ORD SHS A | 305,775 | $14.7M | 0.5% | −2,100−0.7% | Reduced | History |
| ARISAris Mining Corp | COM | 5,155,500 | $17.0M | 0.6% | 00.0% | Unchanged | History |
| CPRICapri Holdings Ltd | SHS | 347,230 | $17.4M | 0.6% | +347,230 | New | History |
| BRK.BBerkshire Hathaway Inc | Stock | 52,331 | $18.7M | 0.7% | −2,005−3.7% | Reduced | History |
| PAASPan American Silver Corp | Stock | 1,244,944 | $20.3M | 0.8% | +136,086+12.3% | Added | History |
| MTBM&T Bank Corp | COM | 158,679 | $21.7M | 0.8% | +36,129+29.5% | Added | History |
| AUAngloGold Ashanti PLC | COM SHS | 1,190,159 | $22.3M | 0.8% | +1,190,159 | New | History |
| SUSuncor Energy Inc | Stock | 758,401 | $24.3M | 0.9% | −2,599−0.3% | Reduced | History |
| PNCPNC Financial Services Group, Inc. | Stock | 158,520 | $24.6M | 0.9% | −650−0.4% | Reduced | History |
| GAUGaliano Gold Inc. | COM | 26,378,459 | $25.0M | 0.9% | 00.0% | Unchanged | History |
| METAMeta Platforms, Inc. | Stock | 74,518 | $26.4M | 1.0% | −33,962−31.3% | Reduced | History |
| XOMExxonMobil Holdings Corp | COM | 331,787 | $33.2M | 1.2% | +2,468+0.7% | Added | History |
| BPBP PLC | ADR | 1,125,670 | $39.9M | 1.5% | +1,094,670+3,531.2% | Added | History |
| GEGeneral Electric Co | Stock | 322,392 | $41.1M | 1.5% | −1100.0% | Reduced | History |
| AEMAgnico Eagle Mines Ltd | Stock | 791,524 | $43.4M | 1.6% | +57,240+7.8% | Added | History |
| BACBank of America Corp | Stock | 1,357,850 | $45.7M | 1.7% | +366,890+37.0% | Added | History |
| CGAUCenterra Gold Inc. | COM | 8,404,250 | $50.2M | 1.9% | −142,900−1.7% | Reduced | History |
| GMGeneral Motors Co | COM | 1,575,188 | $56.6M | 2.1% | +642,319+68.9% | Added | History |
| JXNJackson Financial Inc. | COM CL A | 1,178,355 | $60.3M | 2.2% | −219,999−15.7% | Reduced | History |
| EWBCEast West Bancorp Inc | COM | 1,010,484 | $72.7M | 2.7% | +367,434+57.1% | Added | History |
| COTYCoty Inc. | COM CL A | 5,922,739 | $73.5M | 2.7% | −27,670−0.5% | Reduced | History |
| KVUEKenvue Inc. | Stock | 3,450,571 | $74.3M | 2.8% | +526,896+18.0% | Added | History |
| CCitigroup Inc | Stock | 1,658,441 | $85.4M | 3.2% | +808,603+95.1% | Added | History |
| CICigna Group | Stock | 380,558 | $114.0M | 4.2% | +16,087+4.4% | Added | History |
| AMZNAmazon Com Inc | Stock | 759,557 | $115.4M | 4.3% | −58,137−7.1% | Reduced | History |
| KGCKinross Gold Corp | COM | 19,968,341 | $120.9M | 4.5% | +877,104+4.6% | Added | History |
| RYAAYRyanair Holdings PLC | SPONSORED ADR | 955,644 | $127.5M | 4.7% | −362,524−27.5% | Reduced | History |
| ABEVAmbev S.A. | SPONSORED ADR | 51,517,699 | $144.5M | 5.4% | +5,699,184+12.4% | Added | History |
| PFEPfizer Inc | Stock | 5,796,012 | $166.8M | 6.2% | +4,133,786+248.7% | Added | History |
| TSMTaiwan Semiconductor Manufacturing Co Ltd | ADR | 1,649,456 | $171.5M | 6.4% | +401,414+32.2% | Added | History |
| Barrick Gold Corp067901108 | COM | 9,606,218 | $173.7M | 6.5% | +6,385,566+198.3% | Added | – |
| BABAAlibaba Group Holding Ltd | ADR | 3,140,839 | $243.4M | 9.0% | +1,828,019+139.2% | Added | History |
| NEMNEWMONT Corp | Stock | 6,100,822 | $252.5M | 9.4% | +3,997,590+190.1% | Added | History |
Sold out since Q3 2023 (3)
Positions held at the end of Q3 2023 that are gone from this filing.