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Ruffer LLP Portfolio holdings
AUM
$2.83B
1-Year Est. Return
30.34%
This Fund
S&P 500
This Quarter
Est. Return
+12.31%
1 Year Est. Return
+30.34%
3 Year Est. Return
+98.01%
5 Year Est. Return
+139.76%
10 Year Est. Return
+587.97%
AUM
$2.6B
AUM Growth
-$171M
(-6.2%)
Cap. Flow
-$426M
Cap. Flow
% of AUM
-16.41%
Top 10 Holdings %
Top 10 Hldgs %
58.23%
Holding
126
New
25
Increased
31
Reduced
33
Closed
32
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$95M |
| 2 |
X
US Steel
X
|
+$39.6M |
| 3 |
Coeur Mining
CDE
|
+$18.4M |
| 4 |
Eldorado Gold
EGO
|
+$14.9M |
| 5 |
Fidelity National Information Services
FIS
|
+$12.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cigna
CI
|
+$123M |
| 2 |
Pfizer
PFE
|
+$52.7M |
| 3 |
Ambev
ABEV
|
+$47.7M |
| 4 |
AGNC Investment
AGNC
|
+$47.1M |
| 5 |
Alibaba
BABA
|
+$46M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 39.01% |
| 2 | Consumer Discretionary | 18.23% |
| 3 | Financials | 13.85% |
| 4 | Energy | 7.36% |
| 5 | Industrials | 6.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Wheaton Precious Metals
WPM
$49.5B
| $22.5M | 0.87% |
289,744
+88,720
| +44% | +$5.92M |
|
27
CoStar Group
CSGP
$11.7B
| $21.4M | 0.82% |
270,412
+108,233
| +67% | +$8.23M |
|
28
GE Aerospace
GE
$374B
| $19.9M | 0.77% |
99,615
-2,324
| -2% | -$457K |
|
|
29
Coeur Mining
CDE
$15.4B
| $17.7M | 0.68% |
+2,985,354
| New | +$18.4M |
|
30
Philip Morris
PM
$297B
| $17.5M | 0.67% |
109,997
-225,165
| -67% | -$31.9M |
|
|
31
Eldorado Gold
EGO
$7.87B
| $16.7M | 0.64% |
+992,097
| New | +$14.9M |
|
|
32
AGNC Investment
AGNC
$12.4B
| $16.1M | 0.62% |
1,685,570
-4,714,245
| -74% | -$47.1M |
|
|
SKE
33
Skeena Resources
SKE
$3.3B
| $15.5M | 0.6% |
1,534,883
-210,499
| -12% | -$2.12M |
|
34
PNC Financial Services
PNC
$99.7B
| $15.4M | 0.59% |
87,537
-103
| -0.1% | -$19.4K |
|
35
Cheesecake Factory
CAKE
$5.04B
| $15.2M | 0.59% |
313,046
+114,867
| +58% | +$5.88M |
|
36
Fox Class A
FOXA
$24.5B
| $15M | 0.58% |
264,235
+18,060
| +7% | +$955K |
|
37
B2Gold
BTG
$5B
| $13.3M | 0.51% |
4,663,540
+450,478
| +11% | +$1.21M |
|
38
Coty
COTY
$2.42B
| $13.2M | 0.51% |
2,405,843
-819,832
| -25% | -$5.13M |
|
|
39
Fidelity National Information Services
FIS
$23.1B
| $12.5M | 0.48% |
+167,077
| New | +$12.6M |
|
40
Pilgrim's Pride
PPC
$6.51B
| $12.4M | 0.48% |
228,365
+43,716
| +24% | +$2.19M |
|
41
Equinox Gold
EQX
$7.06B
| $12.2M | 0.47% |
1,776,730
+1,173,460
| +195% | +$7.52M |
|
|
NGD
42
DELISTED
New Gold Inc
NGD
| $11.9M | 0.46% |
3,203,070
+2,003,070
| +167% | +$5.94M |
|
43
Molson Coors Class B
TAP
$7.79B
| $11.5M | 0.44% |
+188,711
| New | +$10.9M |
|
44
TD Synnex
SNX
$20.4B
| $10.4M | 0.4% |
100,345
+13,920
| +16% | +$1.86M |
|
45
Berkshire Hathaway Class B
BRK.B
$1.1T
| $10.4M | 0.4% |
19,480
-12,910
| -40% | -$6.28M |
|
46
Hewlett Packard
HPE
$63.4B
| $10.3M | 0.4% |
665,491
+255,260
| +62% | +$5.08M |
|
47
Agnico Eagle Mines
AEM
$73.6B
| $9.85M | 0.38% |
90,897
-175,030
| -66% | -$16.7M |
|
48
Cheniere Energy
LNG
$55.2B
| $9.67M | 0.37% |
+41,799
| New | +$9.41M |
|
49
Maximus
MMS
$3.17B
| $9.65M | 0.37% |
141,566
+4,049
| +3% | +$288K |
|
|
SAND
50
DELISTED
Sandstorm Gold
SAND
| $8.33M | 0.32% |
+1,102,950
| New | +$6.89M |
|
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GS
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AIP
AF
SAI
MWM
MSDF
WG
Ruffer LLP's Q1 2025 Portfolio in Review
As of Q1 2025, Ruffer LLP held 126 positions worth $2.6B, down 6.2% from $2.77B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Ruffer LLP withdrew a net $426M in Q1 2025, closing 32 positions and reducing 33 holdings. Its most notable exit was Ambev, an estimated $47.7M position sold in full.
By sector, the portfolio is most concentrated in Materials at 39% of assets, up from 32% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Ruffer LLP opened a new position in US Steel worth $44.2M.
- Ruffer LLP's largest Q1 2025 buy was US Steel: 1,046,043 shares worth $44.2M.
- Ruffer LLP added most to Amazon in Q1 2025, an estimated $95M increase.
- Ruffer LLP's biggest Q1 2025 reduction was Cigna, cutting an estimated $123M.
- Ruffer LLP fully exited Ambev in Q1 2025, selling an estimated $47.7M.
- Ruffer LLP's ten largest holdings make up 58% of its $2.6B portfolio in Q1 2025.
- Ruffer LLP opened 25 new positions and closed 32 in Q1 2025.
- Ruffer LLP's portfolio value fell 6.2% quarter-over-quarter to $2.6B.
Based on Ruffer LLP's 13F filing for Q1 2025, filed 9 May 2025.