Ruffer LLP
- SEC CIK
- 0001426859
- Latest filing
- Jul 30, 2026
Holdings in Q2 2024
Holdings as of Jun 30, 2024, filed Aug 8, 2024. Long positions only; changes compare share counts with Q1 2024.
- Positions
- 53
- −7 vs. Q1 2024
- Portfolio value
- $2.33B
- −$268.2M (−10.3%) vs. Q1 2024
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| NTRNutrien Ltd. | COM | 6,030 | $307.0K | <0.1% | −212−3.4% | Reduced | History |
| SBSafe Bulkers, Inc. | COM | 80,000 | $464.4K | <0.1% | −30,000−27.3% | Reduced | History |
| DOWDow Inc. | Stock | 9,972 | $529.1K | <0.1% | −6,000−37.6% | Reduced | History |
| MLMMartin Marietta Materials Inc | COM | 1,000 | $541.7K | <0.1% | −1,000−50.0% | Reduced | History |
| BUDAnheuser-Busch InBev SA/NV | ADR | 10,000 | $581.6K | <0.1% | −7,000−41.2% | Reduced | History |
| EWBCEast West Bancorp Inc | COM | 10,115 | $740.4K | <0.1% | −1,050,769−99.0% | Reduced | History |
| MKLMarkel Group Inc. | COM | 500 | $788.0K | <0.1% | −400−44.4% | Reduced | History |
| GLDGGoldMining Inc. | COM | 901,996 | $804.7K | <0.1% | 00.0% | Unchanged | History |
| ITRGIntegra Resources Corp. | COM | 953,831 | $934.6K | <0.1% | 00.0% | Unchanged | History |
| WFCWells Fargo & Company | Stock | 18,000 | $1.07M | <0.1% | −4,000−18.2% | Reduced | History |
| ARCOArcos Dorados Holdings Inc. | SHS CLASS -A - | 127,142 | $1.14M | <0.1% | −25,000−16.4% | Reduced | History |
| DNOWDNOW Inc. | COM | 100,000 | $1.37M | 0.1% | 00.0% | Unchanged | History |
| ALBAlbemarle Corp | Stock | 15,400 | $1.47M | 0.1% | +1,000+6.9% | Added | History |
| DDDuPont de Nemours, Inc. | COM | 20,000 | $1.61M | 0.1% | −2,000−9.1% | Reduced | History |
| CVXChevron Corp | Stock | 11,000 | $1.72M | 0.1% | −11,000−50.0% | Reduced | History |
| FMXMexican Economic Development Inc | SPON ADR UNITS | 24,000 | $2.58M | 0.1% | −3,000−11.1% | Reduced | History |
| JPMJPMorgan Chase & Co | Stock | 20,265 | $4.10M | 0.2% | +4,729+30.4% | Added | History |
| AUAngloGold Ashanti PLC | COM SHS | 171,655 | $4.31M | 0.2% | −349,000−67.0% | Reduced | History |
| BNBROOKFIELD Corp | CL A LTD VT SH | 110,000 | $4.57M | 0.2% | −10,000−8.3% | Reduced | History |
| GFIGold Fields Ltd | SPONSORED ADR | 407,392 | $6.07M | 0.3% | +407,392 | New | History |
| TSTenaris SA | SPONSORED ADS | 226,221 | $6.91M | 0.3% | −101,324−30.9% | Reduced | History |
| BTGB2GOLD Corp | COM | 3,797,676 | $10.2M | 0.4% | 00.0% | Unchanged | History |
| WPMWheaton Precious Metals Corp. | COM | 222,947 | $11.7M | 0.5% | −307,768−58.0% | Reduced | History |
| NENoble Corp plc | ORD SHS A | 297,451 | $13.3M | 0.6% | −1,221−0.4% | Reduced | History |
| SKESkeena Resources Ltd | Common Stock | 2,558,170 | $13.7M | 0.6% | +11,300+0.4% | Added | History |
| BRK.BBerkshire Hathaway Inc | Stock | 34,890 | $14.2M | 0.6% | −8,550−19.7% | Reduced | History |
| SHELShell plc | ADR | 220,000 | $15.9M | 0.7% | +220,000 | New | History |
| ARISAris Mining Corp | COM | 5,145,800 | $19.4M | 0.8% | −9,700−0.2% | Reduced | History |
| AEMAgnico Eagle Mines Ltd | Stock | 304,080 | $19.9M | 0.9% | −299,902−49.7% | Reduced | History |
| PNCPNC Financial Services Group, Inc. | Stock | 132,950 | $20.7M | 0.9% | +20,721+18.5% | Added | History |
| PAASPan American Silver Corp | Stock | 1,127,805 | $22.4M | 1.0% | −404,442−26.4% | Reduced | History |
| MTBM&T Bank Corp | COM | 152,475 | $23.1M | 1.0% | −6,965−4.4% | Reduced | History |
| PMPhilip Morris International Inc. | Stock | 242,638 | $24.6M | 1.1% | +126,138+108.3% | Added | History |
| XOMExxonMobil Holdings Corp | COM | 257,797 | $29.7M | 1.3% | +14,760+6.1% | Added | History |
| GAUGaliano Gold Inc. | COM | 17,340,962 | $29.7M | 1.3% | −6,948,497−28.6% | Reduced | History |
| SUSuncor Energy Inc | Stock | 787,401 | $30.0M | 1.3% | +52,000+7.1% | Added | History |
| GEGeneral Electric Co | Stock | 196,022 | $31.2M | 1.3% | −24,556−11.1% | Reduced | History |
| CGAUCenterra Gold Inc. | COM | 7,360,845 | $50.0M | 2.1% | −1,420,700−16.2% | Reduced | History |
| BPBP PLC | ADR | 1,385,690 | $50.0M | 2.1% | +353,120+34.2% | Added | History |
| COTYCoty Inc. | COM CL A | 6,196,261 | $62.1M | 2.7% | +698,136+12.7% | Added | History |
| AGNCAGNC Investment Corp. | REIT | 7,047,336 | $67.2M | 2.9% | +5,799,293+464.7% | Added | History |
| RYAAYRyanair Holdings PLC | SPONSORED ADR | 645,881 | $75.2M | 3.2% | −44,934−6.5% | Reduced | History |
| ABEVAmbev S.A. | SPONSORED ADR | 40,805,158 | $83.4M | 3.6% | −2,057,734−4.8% | Reduced | History |
| BACBank of America Corp | Stock | 2,360,233 | $93.9M | 4.0% | +124,420+5.6% | Added | History |
| TSMTaiwan Semiconductor Manufacturing Co Ltd | ADR | 590,935 | $102.7M | 4.4% | −481,426−44.9% | Reduced | History |
| KGCKinross Gold Corp | COM | 12,890,881 | $107.3M | 4.6% | −9,387,253−42.1% | Reduced | History |
| Barrick Gold Corp067901108 | COM | 8,824,252 | $147.1M | 6.3% | −3,335,105−27.4% | Reduced | – |
| AMZNAmazon Com Inc | Stock | 764,248 | $147.8M | 6.3% | +101,949+15.4% | Added | History |
| PFEPfizer Inc | Stock | 5,728,695 | $160.3M | 6.9% | −178,963−3.0% | Reduced | History |
| BABAAlibaba Group Holding Ltd | ADR | 2,326,258 | $167.5M | 7.2% | −441,759−16.0% | Reduced | History |
| CICigna Group | Stock | 566,608 | $187.1M | 8.0% | +172,176+43.7% | Added | History |
| CCitigroup Inc | Stock | 3,320,839 | $210.8M | 9.1% | +897,337+37.0% | Added | History |
| NEMNEWMONT Corp | Stock | 5,834,224 | $244.1M | 10.5% | −2,502,452−30.0% | Reduced | History |
Sold out since Q1 2024 (9)
Positions held at the end of Q1 2024 that are gone from this filing.
| Security | Class | Shares in Q1 2024 | Value in Q1 2024 | % of portfolio in Q1 2024 | History |
|---|---|---|---|---|---|
| HESHess Corp | Stock | 211,256 | $32.2M | 1.2% | History |
| JXNJackson Financial Inc. | COM CL A | 481,709 | $31.9M | 1.2% | History |
| CPRICapri Holdings Ltd | SHS | 490,397 | $22.2M | 0.9% | History |
| GRFSGrifols SA | SP ADR REP B NVT | 850,000 | $5.68M | 0.2% | History |
| GMGeneral Motors Co | COM | 96,670 | $4.38M | 0.2% | History |
| JAZZJazz Pharmaceuticals plc | SHS USD | 7,702 | $926.9K | <0.1% | History |
| INVXInnovex International, Inc. | COM | 20,000 | $450.3K | <0.1% | History |
| SBLKStar Bulk Carriers Corp. | SHS PAR | 10,995 | $262.5K | <0.1% | History |
| METAMeta Platforms, Inc. | Stock | 510 | $247.7K | <0.1% | History |