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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
+1.13%
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
$3.08B
AUM Growth
-$190M
(-5.8%)
Cap. Flow
-$232M
Cap. Flow
% of AUM
-7.54%
Top 10 Holdings %
Top 10 Hldgs %
74.73%
Holding
103
New
4
Increased
25
Reduced
32
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oracle
ORCL
|
+$140M |
| 2 |
Qualcomm
QCOM
|
+$31.5M |
| 3 |
Canadian Solar
CSIQ
|
+$16.6M |
| 4 |
AGNC Investment
AGNC
|
+$13.7M |
| 5 |
Freeport-McMoran
FCX
|
+$7.09M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Annaly Capital Management
NLY
|
+$175M |
| 2 |
Vale
VALE
|
+$45.6M |
| 3 |
CIM
Chimera Investment
CIM
|
+$34M |
| 4 |
Tapestry
TPR
|
+$32.8M |
| 5 |
CUK
Carnival PLC
CUK
|
+$32.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 38.09% |
| 2 | Industrials | 19.43% |
| 3 | Financials | 14.1% |
| 4 | Materials | 10.81% |
| 5 | Communication Services | 3.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Lockheed Martin
LMT
$134B
| $369M | 11.98% |
2,301,544
+2,017
| +0.1% | +$328K |
|
2
Microsoft
MSFT
$3.45T
| $286M | 9.29% |
6,853,038
-737,369
| -10% | -$29.8M |
|
|
3
Qualcomm
QCOM
$155B
| $280M | 9.1% |
3,524,427
+395,924
| +13% | +$31.5M |
|
|
4
Oracle
ORCL
$374B
| $240M | 7.81% |
5,915,293
+3,411,913
| +136% | +$140M |
|
5
JPMorgan Chase
JPM
$935B
| $238M | 7.73% |
4,143,121
+60,605
| +1% | +$3.41M |
|
6
General Dynamics
GD
$104B
| $214M | 6.94% |
1,838,632
-172,150
| -9% | -$19.6M |
|
7
IBM
IBM
$211B
| $187M | 6.06% |
1,050,120
-178,398
| -15% | -$32.1M |
|
|
ATML
8
DELISTED
ATMEL CORP
ATML
| $181M | 5.89% |
19,221,537
-238,115
| -1% | -$1.99M |
|
9
Jefferies Financial Group
JEF
$12.6B
| $158M | 5.14% |
6,801,223
+138,347
| +2% | +$3.21M |
|
10
Texas Instruments
TXN
$252B
| $148M | 4.8% |
3,053,335
-57,147
| -2% | -$2.67M |
|
|
B
11
Barrick Mining
B
$61.5B
| $141M | 4.57% |
7,764,084
-239,063
| -3% | -$4.14M |
|
|
12
Freeport-McMoran
FCX
$90B
| $103M | 3.36% |
2,811,998
+206,993
| +8% | +$7.09M |
|
13
Alphabet (Google) Class C
GOOG
$4.36T
| $61.6M | 2% |
2,105,164
-171,899
| -8% | -$4.66M |
|
14
Kinross Gold
KGC
$27.4B
| $39.3M | 1.28% |
9,482,979
-80,915
| -0.8% | -$329K |
|
15
Novartis
NVS
$297B
| $32.5M | 1.06% |
398,405
-34,164
| -8% | -$2.69M |
|
16
Walmart Inc
WMT
$885B
| $28M | 0.91% |
1,120,536
-1,243,116
| -53% | -$31.9M |
|
17
Johnson & Johnson
JNJ
$618B
| $24.6M | 0.8% |
233,377
-221,839
| -49% | -$22.4M |
|
|
18
Annaly Capital Management
NLY
$17.1B
| $24.1M | 0.78% |
535,698
-3,797,839
| -88% | -$175M |
|
|
19
Vale
VALE
$64.1B
| $22.4M | 0.73% |
1,665,307
-3,380,751
| -67% | -$45.6M |
|
|
20
Canadian Solar
CSIQ
$1.02B
| $21.6M | 0.7% |
703,733
+613,733
| +682% | +$16.6M |
|
|
21
AGNC Investment
AGNC
$12.4B
| $21.4M | 0.7% |
927,667
+595,766
| +180% | +$13.7M |
|
22
Newmont
NEM
$98.7B
| $20.4M | 0.66% |
814,462
-211,550
| -21% | -$5.1M |
|
23
M&T Bank
MTB
$35.7B
| $18M | 0.58% |
144,426
+565
| +0.4% | +$68.8K |
|
|
VIAB
24
DELISTED
Viacom Inc. Class B
VIAB
| $17.5M | 0.57% |
202,289
-2,295
| -1% | -$195K |
|
25
Verizon
VZ
$195B
| $13.9M | 0.45% |
282,085
-386,873
| -58% | -$18.7M |
|
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Ruffer LLP's Q2 2014 Portfolio in Review
As of Q2 2014, Ruffer LLP held 103 positions worth $3.08B, down 5.8% from $3.27B the previous quarter. Its ten largest holdings account for 75% of the portfolio.
Ruffer LLP withdrew a net $232M in Q2 2014, closing 10 positions and reducing 32 holdings. Its most notable exit was Tapestry, an estimated $32.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 38% of assets, up from 32% a quarter earlier, followed by Industrials and Financials.
Against the trend, Ruffer LLP opened a new position in Daqo New Energy worth $1.23M.
- Ruffer LLP's largest Q2 2014 buy was Daqo New Energy: 200,000 shares worth $1.23M.
- Ruffer LLP added most to Oracle in Q2 2014, an estimated $140M increase.
- Ruffer LLP's biggest Q2 2014 reduction was Annaly Capital Management, cutting an estimated $175M.
- Ruffer LLP fully exited Tapestry in Q2 2014, selling an estimated $32.8M.
- Ruffer LLP's ten largest holdings make up 75% of its $3.08B portfolio in Q2 2014.
- Ruffer LLP opened 4 new positions and closed 10 in Q2 2014.
- Ruffer LLP's portfolio value fell 5.8% quarter-over-quarter to $3.08B.
Based on Ruffer LLP's 13F filing for Q2 2014, filed 5 Aug 2014.