Ruffer LLP Portfolio holdings
Ruffer is an independent investment manager owned and run by its partners, with a single global strategy aimed at not losing money over any rolling 12-month period. Jonathan Ruffer, who began as a stockbroker and then became a barrister, started it in 1994 with Robert Shirley, 14th Earl Ferrers, and Jane Tufnell, and it became Ruffer LLP in 2004. The firm starts by weighing the risks it sees in markets and picking assets that should protect the portfolio if they come true, then takes on growth mainly through global stocks. It runs a stock-market-listed investment company, and its clients include pension plans, charities and family offices.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lockheed Martin
LMT
|
+$187M |
| 2 |
Microsoft
MSFT
|
+$183M |
| 3 |
JPMorgan Chase
JPM
|
+$173M |
| 4 |
IBM
IBM
|
+$167M |
| 5 |
Walmart Inc
WMT
|
+$151M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.52% |
| 2 | Industrials | 19.77% |
| 3 | Financials | 11.53% |
| 4 | Communication Services | 8.72% |
| 5 | Consumer Staples | 8.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Lockheed Martin
LMT
$131B
| $198M | 10.69% |
+1,829,974
| New | +$187M |
2013 Q2
0 quarters
|
|
|
2
Microsoft
MSFT
$3.94T
| $193M | 10.4% |
+5,591,719
| New | +$183M |
2013 Q2
0 quarters
|
|
|
3
JPMorgan Chase
JPM
$888B
| $179M | 9.66% |
+3,398,647
| New | +$173M |
2013 Q2
0 quarters
|
|
|
4
IBM
IBM
$232B
| $156M | 8.43% |
+857,265
| New | +$167M |
2013 Q2
0 quarters
|
|
5
General Dynamics
GD
$95.7B
| $156M | 8.42% |
+1,995,483
| New | +$148M |
2013 Q2
0 quarters
|
|
|
6
Walmart Inc
WMT
$996B
| $146M | 7.89% |
+5,896,851
| New | +$151M |
2013 Q2
0 quarters
|
|
|
ATML
7
DELISTED
ATMEL CORP
ATML
| $111M | 5.97% |
+15,096,724
| New | +$106M |
2013 Q2
0 quarters
|
|
8
Texas Instruments
TXN
$254B
| $109M | 5.86% |
+3,124,602
| New | +$112M |
2013 Q2
0 quarters
|
|
|
VIAB
9
DELISTED
Viacom Inc. Class B
VIAB
| $105M | 5.64% |
+1,538,284
| New | +$102M |
2013 Q2
0 quarters
|
|
10
Johnson & Johnson
JNJ
$665B
| $95.3M | 5.13% |
+1,110,003
| New | +$94.2M |
2013 Q2
0 quarters
|
|
11
Newmont
NEM
$126B
| $66M | 3.55% |
+2,202,306
| New | +$73.9M |
2013 Q2
0 quarters
|
|
12
Alphabet (Google) Class C
GOOG
$3.49T
| $52.1M | 2.81% |
+2,379,164
| New | +$50.3M |
2013 Q2
0 quarters
|
|
13
Merck
MRK
$362B
| $47.4M | 2.55% |
+1,068,871
| New | +$47.7M |
2013 Q2
0 quarters
|
|
14
Chimera Investment
CIM
$612M
| $35.9M | 1.93% |
+799,528
| New | +$38M |
2013 Q2
0 quarters
|
|
15
Gold Fields
GFI
$34.7B
| $25.8M | 1.39% |
+4,926,049
| New | +$31.5M |
2013 Q2
0 quarters
|
|
16
Annaly Capital Management
NLY
$14.8B
| $25.4M | 1.37% |
+503,571
| New | +$29.4M |
2013 Q2
0 quarters
|
|
17
Kinross Gold
KGC
$26.2B
| $24.4M | 1.31% |
+4,779,684
| New | +$27.8M |
2013 Q2
0 quarters
|
|
18
M&T Bank
MTB
$31.3B
| $14.7M | 0.79% |
+131,379
| New | +$13.5M |
2013 Q2
0 quarters
|
|
19
DELISTED
MRC Global
MRC
| $10.1M | 0.55% |
+366,595
| New | +$10.9M |
2013 Q2
0 quarters
|
|
20
Cisco
CSCO
$370B
| $6.51M | 0.35% |
+267,748
| New | +$6.02M |
2013 Q2
0 quarters
|
|
21
Mondelez International
MDLZ
$83.6B
| $5.04M | 0.27% |
+176,599
| New | +$5.37M |
2013 Q2
0 quarters
|
|
22
Huazhu Hotels Group
HTHT
$16.1B
| $4.54M | 0.24% |
+1,138,000
| New | +$4.42M |
2013 Q2
0 quarters
|
|
|
SWC
23
DELISTED
Stillwater Mining Co
SWC
| $4.38M | 0.24% |
+408,142
| New | +$4.83M |
2013 Q2
0 quarters
|
|
24
Baidu
BIDU
$27.9B
| $4.26M | 0.23% |
+45,000
| New | +$4.15M |
2013 Q2
0 quarters
|
|
25
VanEck Junior Gold Miners ETF
GDXJ
$7.98B
| $4.1M | 0.22% |
+111,225
| New | +$5.34M |
2013 Q2
0 quarters
|
|
Similar funds
Ruffer LLP's Q2 2013 Portfolio in Review
Q2 2013 is the first quarter with a 13F filing on record for Ruffer LLP, which disclosed 87 positions worth $1.86B. Its ten largest holdings account for 78% of the portfolio.
Its largest position is Lockheed Martin: 1,829,974 shares worth $198M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, followed by Industrials and Financials.
- Ruffer LLP's largest Q2 2013 buy was Lockheed Martin: 1,829,974 shares worth $198M.
- Ruffer LLP's ten largest holdings make up 78% of its $1.86B portfolio in Q2 2013.
- Ruffer LLP disclosed 87 positions in Q2 2013, its first 13F filing on record.
Based on Ruffer LLP's 13F filing for Q2 2013, filed 8 Aug 2013.