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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
+8.33%
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
$2.89B
AUM Growth
+$1.4B
(+94%)
Cap. Flow
+$1.3B
Cap. Flow
% of AUM
45.04%
Top 10 Holdings %
Top 10 Hldgs %
49.77%
Holding
106
New
15
Increased
31
Reduced
21
Closed
19
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSMC
TSM
|
+$211M |
| 2 |
Alibaba
BABA
|
+$132M |
| 3 |
Agnico Eagle Mines
AEM
|
+$111M |
| 4 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$108M |
| 5 |
Alcoa
AA
|
+$96.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Synchrony
SYF
|
+$58.2M |
| 2 |
American Express
AXP
|
+$49.4M |
| 3 |
BP
BP
|
+$45.8M |
| 4 |
Booking.com
BKNG
|
+$24M |
| 5 |
Meta Platforms (Facebook)
META
|
+$20.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 35.06% |
| 2 | Energy | 15.91% |
| 3 | Consumer Discretionary | 10.16% |
| 4 | Technology | 10.04% |
| 5 | Consumer Staples | 8.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Dow Inc
DOW
$21.9B
| $876K | 0.03% |
15,972
-391
| -2% | -$22K |
|
77
Wells Fargo
WFC
$261B
| $822K | 0.03% |
22,000
| – | – |
|
78
US Bancorp
USB
$98.2B
| $684K | 0.02% |
19,000
| – | – |
|
79
Safe Bulkers
SB
$795M
| $590K | 0.02% |
160,000
-3,788
| -2% | -$12.7K |
|
|
USAS
80
Americas Gold and Silver
USAS
$1.29B
| $581K | 0.02% |
479,797
| – | – |
|
81
AB InBev
BUD
$170B
| $467K | 0.02% |
7,000
| – | – |
|
82
Teck Resources
TECK
$29.6B
| $400K | 0.01% |
+10,952
| New | +$435K |
|
83
Burford Capital
BUR
$903M
| $372K | 0.01% |
+40,000
| New | +$332K |
|
84
Deutsche Bank
DB
$69B
| $364K | 0.01% |
35,850
-60,000
| -63% | -$717K |
|
85
Bristol-Myers Squibb
BMY
$133B
| $312K | 0.01% |
4,504
-72,451
| -94% | -$5.11M |
|
|
IMV
86
DELISTED
IMV Inc. Common Shares
IMV
| $167K | 0.01% |
321,952
-120,000
| -27% | -$179K |
|
|
BRFS
87
DELISTED
BRF SA
BRFS
| $47.8K | ﹤0.01% |
37,510
| – | – |
|
88
Apple
AAPL
$4.54T
| – | – |
-3,210
| Closed | -$418K |
|
89
Aflac
AFL
$64.9B
| – | – |
-3,427
| Closed | -$247K |
|
90
AstraZeneca
AZN
$263B
| – | – |
-28,965
| Closed | -$3.94M |
|
|
91
Booking.com
BKNG
$149B
| – | – |
-296,275
| Closed | -$24M |
|
92
Check Point Software Technologies
CHKP
$13B
| – | – |
-2,417
| Closed | -$306K |
|
93
Cummins
CMI
$87.5B
| – | – |
-4,300
| Closed | -$1.05M |
|
94
Centene
CNC
$30.7B
| – | – |
-50,169
| Closed | -$4.13M |
|
95
Walt Disney
DIS
$167B
| – | – |
-5,125
| Closed | -$447K |
|
96
Eldorado Gold
EGO
$7.87B
| – | – |
-145,733
| Closed | -$1.22M |
|
97
eHealth
EHTH
$42.2M
| – | – |
-15,185
| Closed | -$73.9K |
|
98
Equinox Gold
EQX
$7.06B
| – | – |
-320,765
| Closed | -$1.06M |
|
|
FISV
99
Fiserv Inc
FISV
$28.8B
| – | – |
-10,000
| Closed | -$1.01M |
|
100
McKesson
MCK
$100B
| – | – |
-650
| Closed | -$245K |
|
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Ruffer LLP's Q1 2023 Portfolio in Review
As of Q1 2023, Ruffer LLP held 106 positions worth $2.89B, up 94% from $1.49B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Ruffer LLP deployed $1.3B of net new capital in Q1 2023, opening 15 new positions and adding to 31 existing holdings. Its largest new stake was TSMC: 2,348,305 shares worth $218M.
By sector, the portfolio is most concentrated in Materials at 35% of assets, up from 26% a quarter earlier, followed by Energy and Consumer Discretionary.
On the sell side, the largest reduction was Synchrony, an estimated $58.2M trimmed.
- Ruffer LLP's largest Q1 2023 buy was TSMC: 2,348,305 shares worth $218M.
- Ruffer LLP added most to Alibaba in Q1 2023, an estimated $132M increase.
- Ruffer LLP's biggest Q1 2023 reduction was Synchrony, cutting an estimated $58.2M.
- Ruffer LLP fully exited Booking.com in Q1 2023, selling an estimated $24M.
- Ruffer LLP's ten largest holdings make up 50% of its $2.89B portfolio in Q1 2023.
- Ruffer LLP opened 15 new positions and closed 19 in Q1 2023.
- Ruffer LLP's portfolio value rose 94% quarter-over-quarter to $2.89B.
Based on Ruffer LLP's 13F filing for Q1 2023, filed 11 May 2023.