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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
+3.75%
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
$1.71B
AUM Growth
-$1.18B
(-41%)
Cap. Flow
-$1.2B
Cap. Flow
% of AUM
-70.44%
Top 10 Holdings %
Top 10 Hldgs %
58.17%
Holding
90
New
3
Increased
10
Reduced
39
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cigna
CI
|
+$22.3M |
| 2 |
Bank of America
BAC
|
+$17.3M |
| 3 |
Pan American Silver
PAAS
|
+$16.6M |
| 4 |
Jackson Financial
JXN
|
+$14.9M |
| 5 |
GRFS
Grifois
GRFS
|
+$9.84M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSMC
TSM
|
+$101M |
| 2 |
Agnico Eagle Mines
AEM
|
+$99.7M |
| 3 |
The Mosaic Company
MOS
|
+$72.4M |
| 4 |
Kinross Gold
KGC
|
+$71.3M |
| 5 |
Nutrien
NTR
|
+$71.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 27.49% |
| 2 | Consumer Staples | 12.66% |
| 3 | Consumer Discretionary | 12.17% |
| 4 | Industrials | 9.98% |
| 5 | Healthcare | 9.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Martin Marietta Materials
MLM
$31.5B
| $1.38M | 0.08% |
3,000
| – | – |
|
52
Ericsson
ERIC
$32.2B
| $1.36M | 0.08% |
250,000
| – | – |
|
53
BP
BP
$116B
| $1.09M | 0.06% |
31,000
-1,094,000
| -97% | -$40.5M |
|
|
ITRG
54
Integra Resources
ITRG
$424M
| $1.06M | 0.06% |
953,831
-1
| -0% | -$1 |
|
55
DNOW Inc
DNOW
$2.58B
| $1.04M | 0.06% |
100,000
-30,000
| -23% | -$301K |
|
56
AB InBev
BUD
$170B
| $964K | 0.06% |
17,000
+10,000
| +143% | +$605K |
|
57
Jazz Pharmaceuticals
JAZZ
$15.9B
| $955K | 0.06% |
7,702
| – | – |
|
58
Wells Fargo
WFC
$261B
| $939K | 0.06% |
22,000
| – | – |
|
59
Dow Inc
DOW
$21.9B
| $851K | 0.05% |
15,972
| – | – |
|
60
Southwest Airlines
LUV
$22B
| $724K | 0.04% |
20,000
-15,000
| -43% | -$470K |
|
61
Goldgroup Mining Inc.
GORO
$157M
| $544K | 0.03% |
870,879
| – | – |
|
62
Safe Bulkers
SB
$795M
| $522K | 0.03% |
160,000
| – | – |
|
63
SPDR Gold Trust
GLD
$131B
| $483K | 0.03% |
2,710
-2,134
| -44% | -$392K |
|
|
INVX
64
Innovex International
INVX
$1.96B
| $466K | 0.03% |
20,000
-15,000
| -43% | -$382K |
|
|
USAS
65
Americas Gold and Silver
USAS
$1.29B
| $425K | 0.02% |
479,797
| – | – |
|
66
Deutsche Bank
DB
$69B
| $377K | 0.02% |
35,850
| – | – |
|
67
US Bancorp
USB
$98.2B
| $297K | 0.02% |
9,000
-10,000
| -53% | -$323K |
|
68
Star Bulk Carriers
SBLK
$3.21B
| $273K | 0.02% |
+15,439
| New | +$297K |
|
69
Burford Capital
BUR
$903M
| $243K | 0.01% |
20,000
-20,000
| -50% | -$259K |
|
|
EXE
70
Expand Energy Corp
EXE
$21.8B
| $233K | 0.01% |
2,782
-128,551
| -98% | -$10.3M |
|
71
American Express
AXP
$227B
| – | – |
-34,311
| Closed | -$5.66M |
|
72
Bristol-Myers Squibb
BMY
$133B
| – | – |
-4,504
| Closed | -$312K |
|
|
BRFS
73
DELISTED
BRF SA
BRFS
| – | – |
-37,510
| Closed | -$47.8K |
|
74
Coherent
COHR
$51.4B
| – | – |
-833,051
| Closed | -$31.7M |
|
75
ConocoPhillips
COP
$147B
| – | – |
-516,652
| Closed | -$51.3M |
|
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Ruffer LLP's Q2 2023 Portfolio in Review
As of Q2 2023, Ruffer LLP held 90 positions worth $1.71B, down 41% from $2.89B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Ruffer LLP withdrew a net $1.2B in Q2 2023, closing 20 positions and reducing 39 holdings. Its most notable exit was The Mosaic Company, an estimated $72.4M position sold in full.
By sector, the portfolio is most concentrated in Materials at 27% of assets, down from 35% a quarter earlier, followed by Consumer Staples and Consumer Discretionary.
Against the trend, Ruffer LLP opened a new position in Bank of America worth $17.4M.
- Ruffer LLP's largest Q2 2023 buy was Bank of America: 606,490 shares worth $17.4M.
- Ruffer LLP added most to Cigna in Q2 2023, an estimated $22.3M increase.
- Ruffer LLP's biggest Q2 2023 reduction was TSMC, cutting an estimated $101M.
- Ruffer LLP fully exited The Mosaic Company in Q2 2023, selling an estimated $72.4M.
- Ruffer LLP's ten largest holdings make up 58% of its $1.71B portfolio in Q2 2023.
- Ruffer LLP opened 3 new positions and closed 20 in Q2 2023.
- Ruffer LLP's portfolio value fell 41% quarter-over-quarter to $1.71B.
Based on Ruffer LLP's 13F filing for Q2 2023, filed 10 Aug 2023.