Ruffer LLP
- SEC CIK
- 0001426859
- Latest filing
- Jul 30, 2026
Holdings in Q3 2024
Holdings as of Sep 30, 2024, filed Nov 8, 2024. Long positions only; changes compare share counts with Q2 2024.
- Positions
- 56
- +3 vs. Q2 2024
- Portfolio value
- $3.17B
- +$844.9M (+36.3%) vs. Q2 2024
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| WFCWells Fargo & Company | Stock | 5,000 | $282.3K | <0.1% | −13,000−72.2% | Reduced | History |
| GLDGGoldMining Inc. | COM | 901,996 | $847.4K | <0.1% | 00.0% | Unchanged | History |
| EQXEquinox Gold Corp. | COM | 150,000 | $913.2K | <0.1% | +150,000 | New | History |
| EWBCEast West Bancorp Inc | COM | 12,760 | $1.06M | <0.1% | +2,645+26.1% | Added | History |
| ARCOArcos Dorados Holdings Inc. | SHS CLASS -A - | 127,142 | $1.11M | <0.1% | 00.0% | Unchanged | History |
| DNOWDNOW Inc. | COM | 100,000 | $1.29M | <0.1% | 00.0% | Unchanged | History |
| ALBAlbemarle Corp | Stock | 15,400 | $1.46M | <0.1% | 00.0% | Unchanged | History |
| ITRGIntegra Resources Corp. | COM | 1,646,053 | $1.62M | 0.1% | +692,222+72.6% | Added | History |
| CVXChevron Corp | Stock | 11,000 | $1.62M | 0.1% | 00.0% | Unchanged | History |
| BUDAnheuser-Busch InBev SA/NV | ADR | 30,000 | $1.99M | 0.1% | +20,000+200.0% | Added | History |
| JPMJPMorgan Chase & Co | Stock | 9,850 | $2.08M | 0.1% | −10,415−51.4% | Reduced | History |
| FMXMexican Economic Development Inc | SPON ADR UNITS | 24,000 | $2.37M | 0.1% | 00.0% | Unchanged | History |
| GFIGold Fields Ltd | SPONSORED ADR | 202,198 | $3.10M | 0.1% | −205,194−50.4% | Reduced | History |
| BNBROOKFIELD Corp | CL A LTD VT SH | 104,000 | $5.53M | 0.2% | −6,000−5.5% | Reduced | History |
| TSTenaris SA | SPONSORED ADS | 224,336 | $7.13M | 0.2% | −1,885−0.8% | Reduced | History |
| FNVFranco Nevada Corp | Stock | 80,500 | $9.96M | 0.3% | +80,500 | New | History |
| NENoble Corp plc | ORD SHS A | 296,851 | $10.7M | 0.3% | −600−0.2% | Reduced | History |
| BTGB2GOLD Corp | COM | 3,647,676 | $11.3M | 0.4% | −150,000−3.9% | Reduced | History |
| STLAStellantis N.V. | SHS | 898,300 | $12.4M | 0.4% | +898,300 | New | History |
| WPMWheaton Precious Metals Corp. | COM | 221,949 | $13.6M | 0.4% | −998−0.4% | Reduced | History |
| BRK.BBerkshire Hathaway Inc | Stock | 33,390 | $15.4M | 0.5% | −1,500−4.3% | Reduced | History |
| SKESkeena Resources Ltd | Common Stock | 2,079,770 | $17.7M | 0.6% | −478,400−18.7% | Reduced | History |
| PNCPNC Financial Services Group, Inc. | Stock | 98,730 | $18.3M | 0.6% | −34,220−25.7% | Reduced | History |
| GEGeneral Electric Co | Stock | 106,982 | $20.2M | 0.6% | −89,040−45.4% | Reduced | History |
| AEMAgnico Eagle Mines Ltd | Stock | 273,107 | $22.0M | 0.7% | −30,973−10.2% | Reduced | History |
| ARISAris Mining Corp | COM | 4,935,800 | $22.5M | 0.7% | −210,000−4.1% | Reduced | History |
| PAASPan American Silver Corp | Stock | 1,168,791 | $24.4M | 0.8% | +40,986+3.6% | Added | History |
| GAUGaliano Gold Inc. | COM | 17,599,962 | $24.8M | 0.8% | +259,000+1.5% | Added | History |
| MTBM&T Bank Corp | COM | 139,255 | $24.8M | 0.8% | −13,220−8.7% | Reduced | History |
| AUAngloGold Ashanti PLC | COM SHS | 1,054,460 | $28.1M | 0.9% | +882,805+514.3% | Added | History |
| SUSuncor Energy Inc | Stock | 785,201 | $29.0M | 0.9% | −2,200−0.3% | Reduced | History |
| COTYCoty Inc. | COM CL A | 3,284,891 | $30.8M | 1.0% | −2,911,370−47.0% | Reduced | History |
| XOMExxonMobil Holdings Corp | COM | 305,490 | $35.8M | 1.1% | +47,693+18.5% | Added | History |
| PMPhilip Morris International Inc. | Stock | 304,799 | $37.0M | 1.2% | +62,161+25.6% | Added | History |
| RYAAYRyanair Holdings PLC | SPONSORED ADR | 1,044,414 | $47.2M | 1.5% | −570,289−35.3% | ReducedConverted for a 5-for-2 split | History |
| CGAUCenterra Gold Inc. | COM | 7,210,845 | $51.7M | 1.6% | −150,000−2.0% | Reduced | History |
| MOSMosaic Co | COM | 1,946,288 | $52.1M | 1.6% | +1,946,288 | New | History |
| CTVACorteva, Inc. | Stock | 905,828 | $53.2M | 1.7% | +905,828 | New | History |
| NTRNutrien Ltd. | COM | 1,131,318 | $54.4M | 1.7% | +1,125,288+18,661.5% | Added | History |
| CFCF Industries Holdings, Inc. | COM | 647,108 | $55.5M | 1.7% | +647,108 | New | History |
| BPBP PLC | ADR | 2,325,690 | $73.0M | 2.3% | +940,000+67.8% | Added | History |
| AGNCAGNC Investment Corp. | REIT | 7,078,876 | $74.1M | 2.3% | +31,540+0.4% | Added | History |
| TSMTaiwan Semiconductor Manufacturing Co Ltd | ADR | 436,730 | $75.9M | 2.4% | −154,205−26.1% | Reduced | History |
| DEDeere & Co | Stock | 181,851 | $75.9M | 2.4% | +181,851 | New | History |
| ADMArcher-Daniels-Midland Co | Stock | 1,310,678 | $78.2M | 2.5% | +1,310,678 | New | History |
| KGCKinross Gold Corp | COM | 10,799,949 | $101.1M | 3.2% | −2,090,932−16.2% | Reduced | History |
| BACBank of America Corp | Stock | 2,628,916 | $104.4M | 3.3% | +268,683+11.4% | Added | History |
| ABEVAmbev S.A. | SPONSORED ADR | 48,636,921 | $118.4M | 3.7% | +7,831,763+19.2% | Added | History |
| AMZNAmazon Com Inc | Stock | 797,350 | $148.6M | 4.7% | +33,102+4.3% | Added | History |
| Barrick Gold Corp067901108 | COM | 8,944,729 | $177.9M | 5.6% | +120,477+1.4% | Added | – |
| PFEPfizer Inc | Stock | 6,526,288 | $188.8M | 5.9% | +797,593+13.9% | Added | History |
| SWSmurfit Westrock plc | Stock | 3,839,068 | $192.0M | 6.0% | +3,839,068 | New | History |
| CICigna Group | Stock | 590,764 | $204.7M | 6.4% | +24,156+4.3% | Added | History |
| CCitigroup Inc | Stock | 3,356,067 | $210.1M | 6.6% | +35,228+1.1% | Added | History |
| BABAAlibaba Group Holding Ltd | ADR | 2,630,839 | $279.2M | 8.8% | +304,581+13.1% | Added | History |
| NEMNEWMONT Corp | Stock | 5,920,231 | $316.4M | 10.0% | +86,007+1.5% | Added | History |
Sold out since Q2 2024 (6)
Positions held at the end of Q2 2024 that are gone from this filing.
| Security | Class | Shares in Q2 2024 | Value in Q2 2024 | % of portfolio in Q2 2024 | History |
|---|---|---|---|---|---|
| SHELShell plc | ADR | 220,000 | $15.9M | 0.7% | History |
| DDDuPont de Nemours, Inc. | COM | 20,000 | $1.61M | 0.1% | History |
| MKLMarkel Group Inc. | COM | 500 | $788.0K | <0.1% | History |
| MLMMartin Marietta Materials Inc | COM | 1,000 | $541.7K | <0.1% | History |
| DOWDow Inc. | Stock | 9,972 | $529.1K | <0.1% | History |
| SBSafe Bulkers, Inc. | COM | 80,000 | $464.4K | <0.1% | History |