Ruffer LLP
- SEC CIK
- 0001426859
- Latest filing
- Jul 30, 2026
Holdings in Q1 2024
Holdings as of Mar 31, 2024, filed May 8, 2024. Long positions only; changes compare share counts with Q4 2023.
- Positions
- 60
- −7 vs. Q4 2023
- Portfolio value
- $2.60B
- −$94.7M (−3.5%) vs. Q4 2023
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| NEMNEWMONT Corp | Stock | 8,336,676 | $298.7M | 11.5% | +2,235,854+36.6% | Added | History |
| Barrick Gold Corp067901108 | COM | 12,159,357 | $202.3M | 7.8% | +2,553,139+26.6% | Added | – |
| BABAAlibaba Group Holding Ltd | ADR | 2,768,017 | $200.3M | 7.7% | −372,822−11.9% | Reduced | History |
| PFEPfizer Inc | Stock | 5,907,658 | $163.8M | 6.3% | +111,646+1.9% | Added | History |
| CCitigroup Inc | Stock | 2,423,502 | $153.2M | 5.9% | +765,061+46.1% | Added | History |
| TSMTaiwan Semiconductor Manufacturing Co Ltd | ADR | 1,072,361 | $145.9M | 5.6% | −577,095−35.0% | Reduced | History |
| CICigna Group | Stock | 394,432 | $143.3M | 5.5% | +13,874+3.6% | Added | History |
| KGCKinross Gold Corp | COM | 22,278,134 | $136.7M | 5.3% | +2,309,793+11.6% | Added | History |
| AMZNAmazon Com Inc | Stock | 662,299 | $119.4M | 4.6% | −97,258−12.8% | Reduced | History |
| ABEVAmbev S.A. | SPONSORED ADR | 42,862,892 | $106.1M | 4.1% | −8,654,807−16.8% | Reduced | History |
| RYAAYRyanair Holdings PLC | SPONSORED ADR | 690,815 | $100.6M | 3.9% | −264,829−27.7% | Reduced | History |
| BACBank of America Corp | Stock | 2,235,813 | $84.8M | 3.3% | +877,963+64.7% | Added | History |
| EWBCEast West Bancorp Inc | COM | 1,060,884 | $83.9M | 3.2% | +50,400+5.0% | Added | History |
| COTYCoty Inc. | COM CL A | 5,498,125 | $65.7M | 2.5% | −424,614−7.2% | Reduced | History |
| CGAUCenterra Gold Inc. | COM | 8,781,545 | $51.8M | 2.0% | +377,295+4.5% | Added | History |
| BPBP PLC | ADR | 1,032,570 | $38.9M | 1.5% | −93,100−8.3% | Reduced | History |
| GEGeneral Electric Co | Stock | 220,578 | $38.7M | 1.5% | −101,814−31.6% | Reduced | History |
| AEMAgnico Eagle Mines Ltd | Stock | 603,982 | $36.0M | 1.4% | −187,542−23.7% | Reduced | History |
| GAUGaliano Gold Inc. | COM | 24,289,459 | $33.5M | 1.3% | −2,089,000−7.9% | Reduced | History |
| HESHess Corp | Stock | 211,256 | $32.2M | 1.2% | +211,256 | New | History |
| JXNJackson Financial Inc. | COM CL A | 481,709 | $31.9M | 1.2% | −696,646−59.1% | Reduced | History |
| XOMExxonMobil Holdings Corp | COM | 243,037 | $28.2M | 1.1% | −88,750−26.7% | Reduced | History |
| SUSuncor Energy Inc | Stock | 735,401 | $27.1M | 1.0% | −23,000−3.0% | Reduced | History |
| WPMWheaton Precious Metals Corp. | COM | 530,715 | $25.0M | 1.0% | +329,959+164.4% | Added | History |
| MTBM&T Bank Corp | COM | 159,440 | $23.2M | 0.9% | +761+0.5% | Added | History |
| PAASPan American Silver Corp | Stock | 1,532,247 | $23.1M | 0.9% | +287,303+23.1% | Added | History |
| CPRICapri Holdings Ltd | SHS | 490,397 | $22.2M | 0.9% | +143,167+41.2% | Added | History |
| ARISAris Mining Corp | COM | 5,155,500 | $18.5M | 0.7% | 00.0% | Unchanged | History |
| BRK.BBerkshire Hathaway Inc | Stock | 43,440 | $18.3M | 0.7% | −8,891−17.0% | Reduced | History |
| PNCPNC Financial Services Group, Inc. | Stock | 112,229 | $18.1M | 0.7% | −46,291−29.2% | Reduced | History |
| NENoble Corp plc | ORD SHS A | 298,672 | $14.5M | 0.6% | −7,103−2.3% | Reduced | History |
| TSTenaris SA | SPONSORED ADS | 327,545 | $12.9M | 0.5% | +150,239+84.7% | Added | History |
| AGNCAGNC Investment Corp. | REIT | 1,248,043 | $12.3M | 0.5% | +1,248,043 | New | History |
| SKESkeena Resources Ltd | Common Stock | 2,546,870 | $11.7M | 0.5% | +208,900+8.9% | Added | History |
| AUAngloGold Ashanti PLC | COM SHS | 520,655 | $11.6M | 0.4% | −669,504−56.3% | Reduced | History |
| PMPhilip Morris International Inc. | Stock | 116,500 | $10.7M | 0.4% | +74,500+177.4% | Added | History |
| BTGB2GOLD Corp | COM | 3,797,676 | $9.95M | 0.4% | +300,000+8.6% | Added | History |
| GRFSGrifols SA | SP ADR REP B NVT | 850,000 | $5.68M | 0.2% | −226,315−21.0% | Reduced | History |
| BNBROOKFIELD Corp | CL A LTD VT SH | 120,000 | $5.02M | 0.2% | 00.0% | Unchanged | History |
| GMGeneral Motors Co | COM | 96,670 | $4.38M | 0.2% | −1,478,518−93.9% | Reduced | History |
| FMXMexican Economic Development Inc | SPON ADR UNITS | 27,000 | $3.52M | 0.1% | 00.0% | Unchanged | History |
| CVXChevron Corp | Stock | 22,000 | $3.47M | 0.1% | 00.0% | Unchanged | History |
| JPMJPMorgan Chase & Co | Stock | 15,536 | $3.11M | 0.1% | −145−0.9% | Reduced | History |
| ALBAlbemarle Corp | Stock | 14,400 | $1.90M | 0.1% | +14,400 | New | History |
| ARCOArcos Dorados Holdings Inc. | SHS CLASS -A - | 152,142 | $1.69M | 0.1% | 00.0% | Unchanged | History |
| DDDuPont de Nemours, Inc. | COM | 22,000 | $1.69M | 0.1% | 00.0% | Unchanged | History |
| DNOWDNOW Inc. | COM | 100,000 | $1.52M | 0.1% | 00.0% | Unchanged | History |
| MKLMarkel Group Inc. | COM | 900 | $1.37M | 0.1% | −400−30.8% | Reduced | History |
| WFCWells Fargo & Company | Stock | 22,000 | $1.27M | <0.1% | 00.0% | Unchanged | History |
| MLMMartin Marietta Materials Inc | COM | 2,000 | $1.23M | <0.1% | −1,000−33.3% | Reduced | History |
| BUDAnheuser-Busch InBev SA/NV | ADR | 17,000 | $1.03M | <0.1% | 00.0% | Unchanged | History |
| JAZZJazz Pharmaceuticals plc | SHS USD | 7,702 | $926.9K | <0.1% | 00.0% | Unchanged | History |
| DOWDow Inc. | Stock | 15,972 | $925.2K | <0.1% | 00.0% | Unchanged | History |
| GLDGGoldMining Inc. | COM | 901,996 | $789.6K | <0.1% | 00.0% | Unchanged | History |
| ITRGIntegra Resources Corp. | COM | 953,831 | $683.5K | <0.1% | 00.0% | Unchanged | History |
| SBSafe Bulkers, Inc. | COM | 110,000 | $545.6K | <0.1% | 00.0% | Unchanged | History |
| INVXInnovex International, Inc. | COM | 20,000 | $450.3K | <0.1% | 00.0% | Unchanged | History |
| NTRNutrien Ltd. | COM | 6,242 | $338.9K | <0.1% | +1,615+34.9% | Added | History |
| SBLKStar Bulk Carriers Corp. | SHS PAR | 10,995 | $262.5K | <0.1% | −5,388−32.9% | Reduced | History |
| METAMeta Platforms, Inc. | Stock | 510 | $247.7K | <0.1% | −74,008−99.3% | Reduced | History |
Sold out since Q4 2023 (10)
Positions held at the end of Q4 2023 that are gone from this filing.
| Security | Class | Shares in Q4 2023 | Value in Q4 2023 | % of portfolio in Q4 2023 | History |
|---|---|---|---|---|---|
| KVUEKenvue Inc. | Stock | 3,450,571 | $74.3M | 2.8% | History |
| NOVNOV Inc. | COM | 713,730 | $14.5M | 0.5% | History |
| FSMFortuna Mining Corp. | COM | 3,048,140 | $11.8M | 0.4% | History |
| AAAlcoa Corp | Stock | 335,887 | $11.4M | 0.4% | History |
| LTHMLivent Corp. | COM | 504,800 | $9.06M | 0.3% | History |
| SSRMSSR Mining Inc. | Stock | 743,535 | $7.99M | 0.3% | History |
| PXDPioneer Natural Resources Co | COM | 24,073 | $5.42M | 0.2% | History |
| TECKTeck Resources Ltd | CL B | 116,700 | $4.93M | 0.2% | History |
| FHIFederated Hermes, Inc. | CL B | 35,000 | $1.18M | <0.1% | History |
| DBDeutsche Bank Aktiengesellschaft | NAMEN AKT | 35,850 | $488.0K | <0.1% | History |