Ruffer LLP
- SEC CIK
- 0001426859
- Latest filing
- Jul 30, 2026
Holdings in Q4 2024
Holdings as of Dec 31, 2024, filed Feb 7, 2025. Long positions only; changes compare share counts with Q3 2024.
- Positions
- 101
- +45 vs. Q3 2024
- Portfolio value
- $2.77B
- −$405.0M (−12.8%) vs. Q3 2024
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| NEMNEWMONT Corp | Stock | 7,085,101 | $263.7M | 9.5% | +1,164,870+19.7% | Added | History |
| CCitigroup Inc | Stock | 3,501,834 | $246.5M | 8.9% | +145,767+4.3% | Added | History |
| AMZNAmazon Com Inc | Stock | 868,184 | $190.5M | 6.9% | +70,834+8.9% | Added | History |
| CICigna Group | Stock | 601,066 | $166.0M | 6.0% | +10,302+1.7% | Added | History |
| Barrick Gold Corp067901108 | COM | 10,269,848 | $159.2M | 5.7% | +1,325,119+14.8% | Added | – |
| BABAAlibaba Group Holding Ltd | ADR | 1,609,404 | $136.5M | 4.9% | −1,021,435−38.8% | Reduced | History |
| BACBank of America Corp | Stock | 2,727,336 | $119.9M | 4.3% | +98,420+3.7% | Added | History |
| PFEPfizer Inc | Stock | 4,206,387 | $111.6M | 4.0% | −2,319,901−35.5% | Reduced | History |
| DEDeere & Co | Stock | 186,051 | $78.8M | 2.8% | +4,200+2.3% | Added | History |
| KGCKinross Gold Corp | COM | 7,427,970 | $68.9M | 2.5% | −3,371,979−31.2% | Reduced | History |
| TSMTaiwan Semiconductor Manufacturing Co Ltd | ADR | 329,971 | $65.2M | 2.4% | −106,759−24.4% | Reduced | History |
| RYAAYRyanair Holdings PLC | SPONSORED ADR | 1,458,141 | $63.6M | 2.3% | +413,727+39.6% | Added | History |
| BPBP PLC | ADR | 2,137,420 | $63.2M | 2.3% | −188,270−8.1% | Reduced | History |
| AGNCAGNC Investment Corp. | REIT | 6,399,815 | $58.9M | 2.1% | −679,061−9.6% | Reduced | History |
| ADMArcher-Daniels-Midland Co | Stock | 1,159,618 | $58.6M | 2.1% | −151,060−11.5% | Reduced | History |
| CFCF Industries Holdings, Inc. | COM | 566,458 | $48.3M | 1.7% | −80,650−12.5% | Reduced | History |
| ABEVAmbev S.A. | SPONSORED ADR | 25,776,672 | $47.7M | 1.7% | −22,860,249−47.0% | Reduced | History |
| CTVACorteva, Inc. | Stock | 785,918 | $44.8M | 1.6% | −119,910−13.2% | Reduced | History |
| NTRNutrien Ltd. | COM | 982,728 | $44.0M | 1.6% | −148,590−13.1% | Reduced | History |
| MOSMosaic Co | COM | 1,683,588 | $41.4M | 1.5% | −262,700−13.5% | Reduced | History |
| CGAUCenterra Gold Inc. | COM | 7,140,845 | $40.6M | 1.5% | −70,000−1.0% | Reduced | History |
| PMPhilip Morris International Inc. | Stock | 335,162 | $40.3M | 1.5% | +30,363+10.0% | Added | History |
| AUAngloGold Ashanti PLC | COM SHS | 1,653,726 | $38.2M | 1.4% | +599,266+56.8% | Added | History |
| SUSuncor Energy Inc | Stock | 941,697 | $33.6M | 1.2% | +156,496+19.9% | Added | History |
| XOMExxonMobil Holdings Corp | COM | 289,532 | $31.1M | 1.1% | −15,958−5.2% | Reduced | History |
| GAUGaliano Gold Inc. | COM | 18,438,262 | $23.0M | 0.8% | +838,300+4.8% | Added | History |
| COTYCoty Inc. | COM CL A | 3,225,675 | $22.4M | 0.8% | −59,216−1.8% | Reduced | History |
| PAASPan American Silver Corp | Stock | 1,084,516 | $21.9M | 0.8% | −84,275−7.2% | Reduced | History |
| AEMAgnico Eagle Mines Ltd | Stock | 265,927 | $20.8M | 0.8% | −7,180−2.6% | Reduced | History |
| ARISAris Mining Corp | COM | 5,687,273 | $19.9M | 0.7% | +751,473+15.2% | Added | History |
| STLAStellantis N.V. | SHS | 1,479,686 | $19.3M | 0.7% | +581,386+64.7% | Added | History |
| GEGeneral Electric Co | Stock | 101,939 | $17.0M | 0.6% | −5,043−4.7% | Reduced | History |
| PNCPNC Financial Services Group, Inc. | Stock | 87,640 | $16.9M | 0.6% | −11,090−11.2% | Reduced | History |
| SKESkeena Resources Ltd | Common Stock | 1,745,382 | $15.2M | 0.5% | −334,388−16.1% | Reduced | History |
| BRK.BBerkshire Hathaway Inc | Stock | 32,390 | $14.7M | 0.5% | −1,000−3.0% | Reduced | History |
| MTBM&T Bank Corp | COM | 72,992 | $13.7M | 0.5% | −66,263−47.6% | Reduced | History |
| FOXAFox Corp | CL A COM | 246,175 | $12.0M | 0.4% | +246,175 | New | History |
| CSGPCostar Group, Inc. | COM | 162,179 | $11.6M | 0.4% | +162,179 | New | History |
| WPMWheaton Precious Metals Corp. | COM | 201,024 | $11.3M | 0.4% | −20,925−9.4% | Reduced | History |
| BTGB2GOLD Corp | COM | 4,213,062 | $10.3M | 0.4% | +565,386+15.5% | Added | History |
| MMSMaximus, Inc. | COM | 137,517 | $10.3M | 0.4% | +137,517 | New | History |
| SNXTD Synnex Corp | COM | 86,425 | $10.1M | 0.4% | +86,425 | New | History |
| NENoble Corp plc | ORD SHS A | 304,210 | $9.55M | 0.3% | +7,359+2.5% | Added | History |
| CAKECheesecake Factory Inc | COM | 198,179 | $9.40M | 0.3% | +198,179 | New | History |
| HPEHewlett Packard Enterprise Co | COM | 410,231 | $8.76M | 0.3% | +410,231 | New | History |
| BGBunge Global SA | COM SHS | 108,214 | $8.41M | 0.3% | +108,214 | New | History |
| PPCPilgrims Pride Corp | Stock | 184,649 | $8.38M | 0.3% | +184,649 | New | History |
| LIVNLivaNova PLC | SHS | 172,357 | $7.98M | 0.3% | +172,357 | New | History |
| ZDZiff Davis, Inc. | COM | 146,224 | $7.95M | 0.3% | +146,224 | New | History |
| GPORGulfport Energy Corp | COMMON SHARES | 40,753 | $7.51M | 0.3% | +40,753 | New | History |
| JAZZJazz Pharmaceuticals plc | SHS USD | 58,767 | $7.24M | 0.3% | +58,767 | New | History |
| MRKMerck & Co., Inc. | Stock | 72,672 | $7.23M | 0.3% | +72,672 | New | History |
| CPACopa Holdings, S.A. | CL A | 76,658 | $6.74M | 0.2% | +76,658 | New | History |
| TSTenaris SA | SPONSORED ADS | 173,666 | $6.56M | 0.2% | −50,670−22.6% | Reduced | History |
| GILDGilead Sciences, Inc. | Stock | 70,399 | $6.50M | 0.2% | +70,399 | New | History |
| COKECoca-Cola Consolidated, Inc. | COM | 4,793 | $6.04M | 0.2% | +4,793 | New | History |
| GTESGates Industrial Corp Ltd. | ORD SHS | 285,062 | $5.86M | 0.2% | +285,062 | New | History |
| INCYIncyte Corp | COM | 80,059 | $5.53M | 0.2% | +80,059 | New | History |
| BNBROOKFIELD Corp | CL A LTD VT SH | 94,000 | $5.40M | 0.2% | −10,000−9.6% | Reduced | History |
| FSLRFirst Solar, Inc. | Stock | 30,480 | $5.37M | 0.2% | +30,480 | New | History |
| GFIGold Fields Ltd | SPONSORED ADR | 402,084 | $5.31M | 0.2% | +199,886+98.9% | Added | History |
| OCOwens Corning | Stock | 30,741 | $5.24M | 0.2% | +30,741 | New | History |
| DORMDorman Products, Inc. | COM | 33,297 | $4.31M | 0.2% | +33,297 | New | History |
| PAGSPagSeguro Digital Ltd. | COM CL A | 678,261 | $4.25M | 0.2% | +678,261 | New | History |
| HRBH&R Block Inc | COM | 79,547 | $4.20M | 0.2% | +79,547 | New | History |
| AMRAlpha Metallurgical Resources, Inc. | COM | 20,485 | $4.10M | 0.1% | +20,485 | New | History |
| LRNStride, Inc. | COM | 39,141 | $4.07M | 0.1% | +39,141 | New | History |
| ATKRAtkore Inc. | COM | 48,660 | $4.06M | 0.1% | +48,660 | New | History |
| UTHRUnited Therapeutics Corp | COM | 11,449 | $4.04M | 0.1% | +11,449 | New | History |
| NXTNextpower Inc. | Stock | 108,230 | $3.95M | 0.1% | +108,230 | New | History |
| BBYBest Buy Co Inc | Stock | 44,367 | $3.81M | 0.1% | +44,367 | New | History |
| EXELExelixis, Inc. | COM | 110,757 | $3.69M | 0.1% | +110,757 | New | History |
| ASOAcademy Sports & Outdoors, Inc. | COM | 63,888 | $3.68M | 0.1% | +63,888 | New | History |
| HRIHerc Holdings Inc | COM | 19,361 | $3.67M | 0.1% | +19,361 | New | History |
| GMGeneral Motors Co | COM | 60,515 | $3.22M | 0.1% | +60,515 | New | History |
| LENLennar Corp | CL A | 23,617 | $3.22M | 0.1% | +23,617 | New | History |
| PHMPultegroup Inc | COM | 29,132 | $3.17M | 0.1% | +29,132 | New | History |
| TMHCTaylor Morrison Home Corp | COM | 49,849 | $3.05M | 0.1% | +49,849 | New | History |
| EQXEquinox Gold Corp. | COM | 603,270 | $3.04M | 0.1% | +453,270+302.2% | Added | History |
| New Gold Inc Cda644535106 | COM | 1,200,000 | $2.98M | 0.1% | +1,200,000 | New | – |
| TOLToll Brothers, Inc. | COM | 22,885 | $2.88M | 0.1% | +22,885 | New | History |
| KBHKB Home | COM | 42,664 | $2.80M | 0.1% | +42,664 | New | History |
| BLBDBlue Bird Corp | COM | 72,229 | $2.79M | 0.1% | +72,229 | New | History |
| ITRGIntegra Resources Corp. | COM | 3,126,053 | $2.70M | 0.1% | +1,480,000+89.9% | Added | History |
| HRMYHarmony Biosciences Holdings, Inc. | COM | 75,501 | $2.60M | 0.1% | +75,501 | New | History |
| BUDAnheuser-Busch InBev SA/NV | ADR | 45,000 | $2.25M | 0.1% | +15,000+50.0% | Added | History |
| JPMJPMorgan Chase & Co | Stock | 8,520 | $2.04M | 0.1% | −1,330−13.5% | Reduced | History |
| CVXChevron Corp | Stock | 11,000 | $1.59M | 0.1% | 00.0% | Unchanged | History |
| GEARRevelyst, Inc. | COM SHS | 65,944 | $1.27M | <0.1% | +65,944 | New | History |
| EWBCEast West Bancorp Inc | COM | 12,280 | $1.18M | <0.1% | −480−3.8% | Reduced | History |
| CMCSAComcast Corp | Stock | 28,698 | $1.08M | <0.1% | +28,698 | New | History |
| STNGScorpio Tankers Inc. | SHS | 19,353 | $961.7K | <0.1% | +19,353 | New | History |
| ARCOArcos Dorados Holdings Inc. | SHS CLASS -A - | 127,142 | $925.6K | <0.1% | 00.0% | Unchanged | History |
| DAVAEndava plc | ADS | 25,317 | $782.3K | <0.1% | +25,317 | New | History |
| SMSM Energy Co | COM | 18,783 | $728.0K | <0.1% | +18,783 | New | History |
| GLDGGoldMining Inc. | COM | 901,996 | $721.6K | <0.1% | 00.0% | Unchanged | History |
| FMXMexican Economic Development Inc | SPON ADR UNITS | 8,000 | $683.9K | <0.1% | −16,000−66.7% | Reduced | History |
| CRICarters Inc | COM | 11,722 | $635.2K | <0.1% | +11,722 | New | History |
| STNEStoneCo Ltd. | COM | 70,222 | $559.7K | <0.1% | +70,222 | New | History |
| SWSmurfit Westrock plc | Stock | 8,300 | $447.0K | <0.1% | −3,830,768−99.8% | Reduced | History |
Sold out since Q3 2024 (3)
Positions held at the end of Q3 2024 that are gone from this filing.