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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 | |
|---|---|---|---|---|---|---|
|
DRD
76
DRDGold
DRD
$1.77B
| – | – |
-356,194
| Closed | -$3.41M |
|
77
EOG Resources
EOG
$79.2B
| – | – |
-469,113
| Closed | -$53.8M |
|
78
Freeport-McMoran
FCX
$90B
| – | – |
-24,977
| Closed | -$1.02M |
|
79
Gold Fields
GFI
$29B
| – | – |
-1,869,276
| Closed | -$24.9M |
|
80
Hertz
HTZ
$499M
| – | – |
-350,000
| Closed | -$5.7M |
|
81
IAMGOLD
IAG
$8.2B
| – | – |
-659,000
| Closed | -$1.79M |
|
|
82
The Mosaic Company
MOS
$7.03B
| – | – |
-1,578,354
| Closed | -$72.4M |
|
|
83
Nutrien
NTR
$33.2B
| – | – |
-962,913
| Closed | -$71.1M |
|
|
SCHW
84
Charles Schwab
SCHW
$183B
| – | – |
-476,256
| Closed | -$24.9M |
|
85
Shell
SHEL
$254B
| – | – |
-922,600
| Closed | -$53.1M |
|
|
TGNA
86
DELISTED
TEGNA Inc
TGNA
| – | – |
-1,494,794
| Closed | -$25.3M |
|
87
TIM SA
TIMB
$9.16B
| – | – |
-100,000
| Closed | -$1.24M |
|
88
Telefônica Brasil
VIV
$20.6B
| – | – |
-150,000
| Closed | -$1.13M |
|
|
IMV
89
DELISTED
IMV Inc. Common Shares
IMV
| – | – |
-321,952
| Closed | -$167K |
|
|
ATVI
90
DELISTED
Activision Blizzard
ATVI
| – | – |
-80,265
| Closed | -$6.87M |
|
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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.