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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
-1.94%
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
$1.6B
AUM Growth
-$943M
Cap. Flow
-$974M
Cap. Flow %
-60.92%
Top 10 Hldgs %
49.2%
Holding
104
New
7
Increased
13
Reduced
48
Closed
9

Top Buys

Rank Stock Value
1
RYAAY icon
Ryanair
RYAAY
+$93.7M
2
AMZN icon
Amazon
AMZN
+$36.2M
3
SYF icon
Synchrony
SYF
+$20.2M
4
BKNG icon
Booking.com
BKNG
+$18.8M
5
HTZ icon
Hertz
HTZ
+$12.7M

Top Sells

Rank Stock Value
1
CI icon
Cigna
CI
+$198M
2
NOC icon
Northrop Grumman
NOC
+$119M
3
KGC icon
Kinross Gold
KGC
+$117M
4
ABEV icon
Ambev
ABEV
+$98.7M
5
EXE
Expand Energy Corp
EXE
+$89.9M

Sector Composition

Rank Sector Weight
1 Financials 16.57%
2 Materials 16.02%
3 Healthcare 13.6%
4 Energy 13.33%
5 Consumer Staples 12.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
USB icon
76
US Bancorp
USB
$98.2B
$793K 0.05%
19,300
-700
-4% -$32.4K
INVX
77
Innovex International
INVX
$1.96B
$771K 0.05%
35,000
– –
NEE icon
78
NextEra Energy
NEE
$181B
$765K 0.05%
9,700
– –
DOW icon
79
Dow Inc
DOW
$21.9B
$744K 0.05%
16,363
– –
DB icon
80
Deutsche Bank
DB
$69B
$736K 0.05%
95,850
– –
EHTH icon
81
eHealth
EHTH
$42.2M
$610K 0.04%
169,777
-1,010,934
-86% -$7.05M
USAS
82
Americas Gold and Silver
USAS
$1.29B
$583K 0.04%
479,797
-100,000
-17% -$127K
AAPL icon
83
Apple
AAPL
$4.54T
$467K 0.03%
3,210
-304
-9% -$47.7K
TIMB icon
84
TIM SA
TIMB
$9.16B
$460K 0.03%
40,000
-10,000
-20% -$119K
VIV icon
85
Telefônica Brasil
VIV
$20.6B
$459K 0.03%
60,000
-10,000
-14% -$84.6K
MRSH
86
Marsh
MRSH
$90.5B
$456K 0.03%
2,900
– –
SB icon
87
Safe Bulkers
SB
$795M
$430K 0.03%
163,788
– –
NOMD icon
88
Nomad Foods
NOMD
$1.66B
$424K 0.03%
30,000
-30,000
-50% -$540K
BUD icon
89
AB InBev
BUD
$170B
$321K 0.02%
7,000
-18,000
-72% -$932K
CHKP icon
90
Check Point Software Technologies
CHKP
$13B
$275K 0.02%
2,417
– –
MSFT icon
91
Microsoft
MSFT
$3.45T
$254K 0.02%
1,031
-107
-9% -$28.3K
MCK icon
92
McKesson
MCK
$100B
$228K 0.01%
650
– –
AFL icon
93
Aflac
AFL
$64.9B
$203K 0.01%
+3,427
New +$202K
HTZWW
94
Hertz Global Holdings Warrants
HTZWW
$66M
$103K 0.01%
11,150
– –
BRFS
95
DELISTED
BRF SA
BRFS
$100K 0.01%
37,510
– –
APA icon
96
APA Corp
APA
$13.2B
– –
-26,000
Closed -$907K
DVA icon
97
DaVita
DVA
$15.4B
– –
-15,000
Closed -$1.2M
GLD icon
98
SPDR Gold Trust
GLD
$131B
– –
-7,470
Closed -$1.26M
LMT icon
99
Lockheed Martin
LMT
$134B
– –
-73,853
Closed -$31.8M
OVV icon
100
Ovintiv
OVV
$17.3B
– –
-22,005
Closed -$972K
1 2 3
4
5

Similar funds

GS
GTS Securities New York $2.83B AUM 21.76% 1-Year Est. Return
ISL
Ingalls & Snyder LLC New York $2.83B AUM 21.61% 1-Year Est. Return
AIP
Atlas Infrastructure Partners London, United Kingdom $2.84B AUM 4.75% 1-Year Est. Return
AF
Aviso Financial Toronto, Ontario, Canada $2.82B AUM 24.96% 1-Year Est. Return
SAI
Systematic Alpha Investments Princeton, New Jersey $2.84B AUM 27.03% 1-Year Est. Return
MWM
Meridian Wealth Management Lexington, Kentucky $2.85B AUM 31.23% 1-Year Est. Return
MSDF
Michael & Susan Dell Foundation New York $2.85B AUM 26.28% 1-Year Est. Return
WG
Winton Group London, United Kingdom $2.85B AUM 30.73% 1-Year Est. Return

Ruffer LLP's Q3 2022 Portfolio in Review

As of Q3 2022, Ruffer LLP held 104 positions worth $1.6B, down 37% from $2.54B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Ruffer LLP withdrew a net $974M in Q3 2022, closing 9 positions and reducing 48 holdings. Its most notable exit was Lockheed Martin, an estimated $31.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 14% a quarter earlier, followed by Materials and Healthcare.

Against the trend, Ruffer LLP opened a new position in Ryanair worth $81.8M.

  • Ruffer LLP's largest Q3 2022 buy was Ryanair: 3,324,353 shares worth $81.8M.
  • Ruffer LLP added most to Hertz in Q3 2022, an estimated $12.7M increase.
  • Ruffer LLP's biggest Q3 2022 reduction was Cigna, cutting an estimated $198M.
  • Ruffer LLP fully exited Lockheed Martin in Q3 2022, selling an estimated $31.8M.
  • Ruffer LLP's ten largest holdings make up 49% of its $1.6B portfolio in Q3 2022.
  • Ruffer LLP opened 7 new positions and closed 9 in Q3 2022.
  • Ruffer LLP's portfolio value fell 37% quarter-over-quarter to $1.6B.

Based on Ruffer LLP's 13F filing for Q3 2022, filed 10 Nov 2022.