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Ruffer LLP Portfolio holdings
AUM
$2.44B
1-Year Est. Return
44.75%
This Fund
S&P 500
This Quarter
Est. Return
+5.12%
1 Year Est. Return
+44.75%
3 Year Est. Return
+105.9%
5 Year Est. Return
+158.64%
10 Year Est. Return
+642.68%
AUM
$2.6B
AUM Growth
-$94.7M
(-3.5%)
Cap. Flow
-$215M
Cap. Flow
% of AUM
-8.27%
Top 10 Holdings %
Top 10 Hldgs %
64.29%
Holding
70
New
3
Increased
18
Reduced
24
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Newmont
NEM
|
+$77.1M |
| 2 |
Citigroup
C
|
+$42.6M |
| 3 |
B
Barrick Mining
B
|
+$39.9M |
| 4 |
HES
Hess
HES
|
+$30.7M |
| 5 |
Bank of America
BAC
|
+$30.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kenvue
KVUE
|
+$74.3M |
| 2 |
TSMC
TSM
|
+$71.7M |
| 3 |
General Motors
GM
|
+$57.3M |
| 4 |
Jackson Financial
JXN
|
+$37.8M |
| 5 |
Ryanair
RYAAY
|
+$36M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 33.36% |
| 2 | Financials | 16.33% |
| 3 | Consumer Discretionary | 13.4% |
| 4 | Healthcare | 12.08% |
| 5 | Consumer Staples | 7.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
AB InBev
BUD
$158B
| $1.03M | 0.04% |
17,000
| – | – |
|
52
Jazz Pharmaceuticals
JAZZ
$15.9B
| $927K | 0.04% |
7,702
| – | – |
|
53
Dow Inc
DOW
$21.6B
| $925K | 0.04% |
15,972
| – | – |
|
|
GLDG
54
GoldMining Inc
GLDG
$179M
| $790K | 0.03% |
901,996
| – | – |
|
|
ITRG
55
Integra Resources
ITRG
$438M
| $684K | 0.03% |
953,831
| – | – |
|
56
Safe Bulkers
SB
$781M
| $546K | 0.02% |
110,000
| – | – |
|
|
INVX
57
Innovex International
INVX
$1.87B
| $450K | 0.02% |
20,000
| – | – |
|
58
Nutrien
NTR
$32.7B
| $339K | 0.01% |
6,242
+1,615
| +35% | +$84.2K |
|
59
Star Bulk Carriers
SBLK
$3.14B
| $263K | 0.01% |
10,995
-5,388
| -33% | -$122K |
|
60
Meta Platforms (Facebook)
META
$1.51T
| $248K | 0.01% |
510
-74,008
| -99% | -$33M |
|
61
Alcoa
AA
$11.7B
| – | – |
-335,887
| Closed | -$11.4M |
|
62
Deutsche Bank
DB
$66.3B
| – | – |
-35,850
| Closed | -$488K |
|
63
Federated Hermes
FHI
$4.4B
| – | – |
-35,000
| Closed | -$1.18M |
|
64
Fortuna Silver Mines
FSM
$2.59B
| – | – |
-3,048,140
| Closed | -$11.8M |
|
|
65
Kenvue
KVUE
$37B
| – | – |
-3,450,571
| Closed | -$74.3M |
|
66
NOV
NOV
$7.45B
| – | – |
-713,730
| Closed | -$14.5M |
|
67
SSR Mining
SSRM
$5.57B
| – | – |
-743,535
| Closed | -$7.99M |
|
68
Teck Resources
TECK
$29.5B
| – | – |
-116,700
| Closed | -$4.93M |
|
|
PXD
69
DELISTED
Pioneer Natural Resource Co.
PXD
| – | – |
-24,073
| Closed | -$5.42M |
|
|
LTHM
70
DELISTED
Livent Corporation
LTHM
| – | – |
-504,800
| Closed | -$9.06M |
|
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Ruffer LLP's Q1 2024 Portfolio in Review
As of Q1 2024, Ruffer LLP held 70 positions worth $2.6B, down 3.5% from $2.69B the previous quarter. Its ten largest holdings account for 64% of the portfolio.
Ruffer LLP withdrew a net $215M in Q1 2024, closing 10 positions and reducing 24 holdings. Its most notable exit was Kenvue, an estimated $74.3M position sold in full.
By sector, the portfolio is most concentrated in Materials at 33% of assets, up from 30% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Ruffer LLP opened a new position in Hess worth $32.2M.
- Ruffer LLP's largest Q1 2024 buy was Hess: 211,256 shares worth $32.2M.
- Ruffer LLP added most to Newmont in Q1 2024, an estimated $77.1M increase.
- Ruffer LLP's biggest Q1 2024 reduction was TSMC, cutting an estimated $71.7M.
- Ruffer LLP fully exited Kenvue in Q1 2024, selling an estimated $74.3M.
- Ruffer LLP's ten largest holdings make up 64% of its $2.6B portfolio in Q1 2024.
- Ruffer LLP opened 3 new positions and closed 10 in Q1 2024.
- Ruffer LLP's portfolio value fell 3.5% quarter-over-quarter to $2.6B.
Based on Ruffer LLP's 13F filing for Q1 2024, filed 8 May 2024.