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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
-0.55%
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
$3.52B
AUM Growth
-$763M
(-18%)
Cap. Flow
-$800M
Cap. Flow
% of AUM
-22.74%
Top 10 Holdings %
Top 10 Hldgs %
65.84%
Holding
108
New
5
Increased
17
Reduced
51
Closed
15
Avg Time Held
8.4
quarters
Top 10 Avg Time Held
4
quarters
Top 20 Avg Time Held
6.5
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Centene
CNC
|
+$138M |
| 2 |
Humana
HUM
|
+$108M |
| 3 |
Foot Locker
FL
|
+$75.9M |
| 4 |
Valaris plc Class A Ordinary Share
VAL
|
+$41.9M |
| 5 |
ExxonMobil
XOM
|
+$9.75M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Barrick Mining
B
|
+$187M |
| 2 |
DuPont de Nemours
DD
|
+$152M |
| 3 |
Kinross Gold
KGC
|
+$113M |
| 4 |
Wheaton Precious Metals
WPM
|
+$112M |
| 5 |
Walt Disney
DIS
|
+$103M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 30.82% |
| 2 | Materials | 23.81% |
| 3 | Communication Services | 15.53% |
| 4 | Energy | 12.61% |
| 5 | Consumer Discretionary | 7.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
76
Adicet Bio
ACET
$47.8M
| $443K | 0.01% |
446
-604
| -58% | -$674K |
2019 Q2
1 quarter
|
|
77
Berkshire Hathaway Class B
BRK.B
$1.11T
| $416K | 0.01% |
2,000
| – | – |
2013 Q2
25 quarters
|
|
78
VanEck Junior Gold Miners ETF
GDXJ
$8.2B
| $414K | 0.01% |
11,423
-14,288
| -56% | -$554K |
2013 Q2
25 quarters
|
|
79
DELISTED
Walgreens Boots Alliance
WBA
| $387K | 0.01% |
7,000
| – | – |
2019 Q1
2 quarters
|
|
80
Lennar Class A
LEN
$17.8B
| $380K | 0.01% |
7,026
-3,564
| -34% | -$174K |
2016 Q1
14 quarters
|
|
81
GE Aerospace
GE
$319B
| $365K | 0.01% |
8,186
| – | – |
2017 Q2
9 quarters
|
|
82
Marsh
MRSH
$84.5B
| $364K | 0.01% |
3,640
| – | – |
2013 Q2
25 quarters
|
|
83
Criteo S.A.
CRTO
$738M
| $337K | 0.01% |
18,000
| – | – |
2018 Q3
4 quarters
|
|
84
Walmart Inc
WMT
$891B
| $324K | 0.01% |
8,184
-1,236
| -13% | -$46.6K |
2013 Q2
25 quarters
|
|
|
RDS.B
85
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $311K | 0.01% |
5,200
| – | – |
2013 Q2
25 quarters
|
|
|
OSB
86
DELISTED
Norbord Inc.
OSB
| $276K | 0.01% |
11,500
-10,000
| -47% | -$235K |
2018 Q4
3 quarters
|
|
87
Arch Capital
ACGL
$33B
| $252K | 0.01% |
6,000
| – | – |
2019 Q2
1 quarter
|
|
88
Platinum Group Metals
PLG
$160M
| $208K | 0.01% |
138,421
| – | – |
2017 Q2
9 quarters
|
|
89
UBS Group
UBS
$147B
| $163K | ﹤0.01% |
14,354
| – | – |
2018 Q4
3 quarters
|
|
90
Tidewater
TDW
$4.33B
| $151K | ﹤0.01% |
10,000
-5,000
| -33% | -$94.2K |
2018 Q3
4 quarters
|
|
91
Mattel
MAT
$4.8B
| $114K | ﹤0.01% |
10,000
-30,000
| -75% | -$343K |
2017 Q4
7 quarters
|
|
92
Ultrapar
UGP
$8.3B
| $82K | ﹤0.01% |
18,452
| – | – |
2019 Q2
1 quarter
|
|
|
AUY
93
DELISTED
Yamana Gold, Inc.
AUY
| $80K | ﹤0.01% |
25,113
-6,063,471
| -100% | -$19.3M |
2018 Q4
3 quarters
|
|
94
Axalta
AXTA
$7.18B
| – | – |
-25,000
| Closed | -$745K | – |
|
95
B2Gold
BTG
$6.9B
| – | – |
-2,721,916
| Closed | -$8.26M | – |
|
96
Coty
COTY
$2.6B
| – | – |
-12,000
| Closed | -$161K | – |
|
97
Corteva
CTVA
$8.91B
| – | – |
-255,896
| Closed | -$7.56M | – |
|
98
Deere & Co
DE
$175B
| – | – |
-2,900
| Closed | -$481K | – |
|
99
Diana Shipping
DSX
$357M
| – | – |
-143,033
| Closed | -$332K | – |
|
100
Eldorado Gold
EGO
$9.56B
| – | – |
-2,592,988
| Closed | -$15.1M | – |
|
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Ruffer LLP's Q3 2019 Portfolio in Review
As of Q3 2019, Ruffer LLP held 108 positions worth $3.52B, down 18% from $4.28B the previous quarter. Its ten largest holdings account for 66% of the portfolio.
Ruffer LLP withdrew a net $800M in Q3 2019, closing 15 positions and reducing 51 holdings. Its most notable exit was Ensco Rowan plc, an estimated $25.5M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 31% of assets, up from 22% a quarter earlier, followed by Materials and Communication Services.
Against the trend, Ruffer LLP opened a new position in Centene worth $122M.
- Ruffer LLP's largest Q3 2019 buy was Centene: 2,828,954 shares worth $122M.
- Ruffer LLP added most to Humana in Q3 2019, an estimated $108M increase.
- Ruffer LLP's biggest Q3 2019 reduction was Barrick Mining, cutting an estimated $187M.
- Ruffer LLP fully exited Ensco Rowan plc in Q3 2019, selling an estimated $25.5M.
- Ruffer LLP's ten largest holdings make up 66% of its $3.52B portfolio in Q3 2019.
- Ruffer LLP opened 5 new positions and closed 15 in Q3 2019.
- Ruffer LLP's portfolio value fell 18% quarter-over-quarter to $3.52B.
Based on Ruffer LLP's 13F filing for Q3 2019, filed 8 Nov 2019.