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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
+12.31%
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
$2.6B
AUM Growth
-$171M
(-6.2%)
Cap. Flow
-$426M
Cap. Flow
% of AUM
-16.41%
Top 10 Holdings %
Top 10 Hldgs %
58.23%
Holding
126
New
25
Increased
31
Reduced
33
Closed
32
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$95M |
| 2 |
X
US Steel
X
|
+$39.6M |
| 3 |
Coeur Mining
CDE
|
+$18.4M |
| 4 |
Eldorado Gold
EGO
|
+$14.9M |
| 5 |
Fidelity National Information Services
FIS
|
+$12.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cigna
CI
|
+$123M |
| 2 |
Pfizer
PFE
|
+$52.7M |
| 3 |
Ambev
ABEV
|
+$47.7M |
| 4 |
AGNC Investment
AGNC
|
+$47.1M |
| 5 |
Alibaba
BABA
|
+$46M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 39.01% |
| 2 | Consumer Discretionary | 18.23% |
| 3 | Financials | 13.85% |
| 4 | Energy | 7.36% |
| 5 | Industrials | 6.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Bunge Global
BG
$20.4B
| – | – |
-108,214
| Closed | -$8.41M |
|
102
Comcast
CMCSA
$85B
| – | – |
-28,698
| Closed | -$1.08M |
|
103
Coca-Cola Consolidated
COKE
$12.5B
| – | – |
-47,930
| Closed | -$6.04M |
|
104
Copa Holdings
CPA
$5.76B
| – | – |
-76,658
| Closed | -$6.74M |
|
105
Carter's
CRI
$1.42B
| – | – |
-11,722
| Closed | -$635K |
|
106
First Solar
FSLR
$22.7B
| – | – |
-30,480
| Closed | -$5.37M |
|
107
Gold Fields
GFI
$29B
| – | – |
-402,084
| Closed | -$5.31M |
|
108
Gilead Sciences
GILD
$162B
| – | – |
-70,399
| Closed | -$6.5M |
|
109
Gulfport Energy Corp
GPOR
$2.9B
| – | – |
-40,753
| Closed | -$7.51M |
|
110
Gates Industrial Corporation Ltd.
GTES
$7.08B
| – | – |
-285,062
| Closed | -$5.86M |
|
111
Herc Holdings
HRI
$5.02B
| – | – |
-19,361
| Closed | -$3.67M |
|
112
Harmony Biosciences
HRMY
$2.04B
| – | – |
-75,501
| Closed | -$2.6M |
|
113
Jazz Pharmaceuticals
JAZZ
$15.9B
| – | – |
-58,767
| Closed | -$7.24M |
|
114
Lennar Class A
LEN
$19.8B
| – | – |
-24,396
| Closed | -$3.22M |
|
115
LivaNova
LIVN
$4.4B
| – | – |
-172,357
| Closed | -$7.98M |
|
116
Stride
LRN
$3.41B
| – | – |
-39,141
| Closed | -$4.07M |
|
117
Noble Corp
NE
$6.77B
| – | – |
-304,210
| Closed | -$9.55M |
|
118
Nextpower Inc
NXT
$13.6B
| – | – |
-108,230
| Closed | -$3.95M |
|
119
PagSeguro Digital
PAGS
$2.69B
| – | – |
-678,261
| Closed | -$4.25M |
|
120
SM Energy
SM
$7.8B
| – | – |
-18,783
| Closed | -$728K |
|
121
Stellantis
STLA
$21.7B
| – | – |
-1,479,686
| Closed | -$19.3M |
|
122
Scorpio Tankers
STNG
$3.9B
| – | – |
-19,353
| Closed | -$962K |
|
123
StoneCo
STNE
$2.77B
| – | – |
-70,222
| Closed | -$560K |
|
124
Ziff Davis
ZD
$1.96B
| – | – |
-146,224
| Closed | -$7.95M |
|
|
SW
125
Smurfit Westrock
SW
$24.1B
| – | – |
-8,300
| Closed | -$447K |
|
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Ruffer LLP's Q1 2025 Portfolio in Review
As of Q1 2025, Ruffer LLP held 126 positions worth $2.6B, down 6.2% from $2.77B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Ruffer LLP withdrew a net $426M in Q1 2025, closing 32 positions and reducing 33 holdings. Its most notable exit was Ambev, an estimated $47.7M position sold in full.
By sector, the portfolio is most concentrated in Materials at 39% of assets, up from 32% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Ruffer LLP opened a new position in US Steel worth $44.2M.
- Ruffer LLP's largest Q1 2025 buy was US Steel: 1,046,043 shares worth $44.2M.
- Ruffer LLP added most to Amazon in Q1 2025, an estimated $95M increase.
- Ruffer LLP's biggest Q1 2025 reduction was Cigna, cutting an estimated $123M.
- Ruffer LLP fully exited Ambev in Q1 2025, selling an estimated $47.7M.
- Ruffer LLP's ten largest holdings make up 58% of its $2.6B portfolio in Q1 2025.
- Ruffer LLP opened 25 new positions and closed 32 in Q1 2025.
- Ruffer LLP's portfolio value fell 6.2% quarter-over-quarter to $2.6B.
Based on Ruffer LLP's 13F filing for Q1 2025, filed 9 May 2025.