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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
+12.8%
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
$4.28B
AUM Growth
+$126M
(+3%)
Cap. Flow
-$387M
Cap. Flow
% of AUM
-9.04%
Top 10 Holdings %
Top 10 Hldgs %
60.97%
Holding
111
New
10
Increased
21
Reduced
41
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kinross Gold
KGC
|
+$98M |
| 2 |
Vodafone
VOD
|
+$72.7M |
| 3 |
B
Barrick Mining
B
|
+$60.6M |
| 4 |
BP
BP
|
+$47.7M |
| 5 |
ATVI
Activision Blizzard
ATVI
|
+$39.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hertz
HTZ
|
+$141M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$109M |
| 3 |
Centene
CNC
|
+$94.7M |
| 4 |
ConocoPhillips
COP
|
+$84.5M |
| 5 |
Cigna
CI
|
+$65.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 34.41% |
| 2 | Healthcare | 18.62% |
| 3 | Energy | 10.61% |
| 4 | Consumer Staples | 9.81% |
| 5 | Financials | 9.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Kinross Gold
KGC
$27.4B
| $452M | 10.56% |
76,878,243
+17,569,586
| +30% | +$98M |
|
|
2
Cigna
CI
$73.7B
| $379M | 8.86% |
1,581,446
-279,007
| -15% | -$65.3M |
|
3
Ambev
ABEV
$48.1B
| $367M | 8.59% |
113,874,595
-3,412,066
| -3% | -$9.53M |
|
4
Wheaton Precious Metals
WPM
$49.5B
| $297M | 6.95% |
6,248,318
+622,831
| +11% | +$27.1M |
|
|
B
5
Barrick Mining
B
$61.5B
| $249M | 5.83% |
10,153,496
+2,814,261
| +38% | +$60.6M |
|
|
6
Bristol-Myers Squibb
BMY
$133B
| $242M | 5.65% |
3,308,778
-1,628,767
| -33% | -$109M |
|
|
EXE
7
Expand Energy Corp
EXE
$21.8B
| $210M | 4.92% |
2,419,547
-13,304
| -0.5% | -$977K |
|
8
Northrop Grumman
NOC
$77.1B
| $152M | 3.55% |
339,626
+62,484
| +23% | +$25.8M |
|
9
American Express
AXP
$227B
| $144M | 3.36% |
767,708
-114,307
| -13% | -$20.6M |
|
10
AngloGold Ashanti
AU
$40.1B
| $116M | 2.7% |
4,882,311
+352,369
| +8% | +$7.65M |
|
11
Newmont
NEM
$98.7B
| $115M | 2.68% |
1,444,619
+137,506
| +11% | +$9.3M |
|
12
AstraZeneca
AZN
$263B
| $106M | 2.49% |
802,315
-127,801
| -14% | -$15.3M |
|
13
General Motors
GM
$80.4B
| $86M | 2.01% |
1,965,511
+270,693
| +16% | +$13.5M |
|
14
Federated Hermes
FHI
$4.55B
| $83.8M | 1.96% |
2,461,049
-440,446
| -15% | -$15M |
|
|
15
Vodafone
VOD
$36.3B
| $70.8M | 1.66% |
+4,262,823
| New | +$72.7M |
|
16
Gold Fields
GFI
$29B
| $66M | 1.54% |
4,267,957
-3,040,133
| -42% | -$39.1M |
|
|
CTRA
17
DELISTED
Coterra Energy
CTRA
| $56.7M | 1.32% |
2,100,389
-1,012,000
| -33% | -$23.6M |
|
|
18
BP
BP
$116B
| $56.3M | 1.32% |
1,915,000
+1,565,000
| +447% | +$47.7M |
|
|
SCHW
19
Charles Schwab
SCHW
$183B
| $56.3M | 1.32% |
667,258
-231,254
| -26% | -$20.3M |
|
|
CGAU
20
Centerra Gold
CGAU
$3.36B
| $55.8M | 1.31% |
5,681,450
-187,600
| -3% | -$1.68M |
|
21
GE Aerospace
GE
$374B
| $51.2M | 1.2% |
898,144
+196,868
| +28% | +$11.7M |
|
22
ExxonMobil
XOM
$644B
| $49.3M | 1.15% |
596,451
-395,339
| -40% | -$30.7M |
|
23
Coty
COTY
$2.42B
| $48.4M | 1.13% |
5,376,188
+153,440
| +3% | +$1.37M |
|
24
GoDaddy
GDDY
$11B
| $47.8M | 1.12% |
571,152
-5,678
| -1% | -$449K |
|
25
Lockheed Martin
LMT
$134B
| $46.6M | 1.09% |
105,537
-19,128
| -15% | -$7.75M |
|
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Ruffer LLP's Q1 2022 Portfolio in Review
As of Q1 2022, Ruffer LLP held 111 positions worth $4.28B, up 3% from $4.15B the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Ruffer LLP withdrew a net $387M in Q1 2022, closing 10 positions and reducing 41 holdings. Its most notable exit was Coherent Inc, an estimated $24.6M position sold in full.
By sector, the portfolio is most concentrated in Materials at 34% of assets, up from 27% a quarter earlier, followed by Healthcare and Energy.
Against the trend, Ruffer LLP opened a new position in Vodafone worth $70.8M.
- Ruffer LLP's largest Q1 2022 buy was Vodafone: 4,262,823 shares worth $70.8M.
- Ruffer LLP added most to Kinross Gold in Q1 2022, an estimated $98M increase.
- Ruffer LLP's biggest Q1 2022 reduction was Hertz, cutting an estimated $141M.
- Ruffer LLP fully exited Coherent Inc in Q1 2022, selling an estimated $24.6M.
- Ruffer LLP's ten largest holdings make up 61% of its $4.28B portfolio in Q1 2022.
- Ruffer LLP opened 10 new positions and closed 10 in Q1 2022.
- Ruffer LLP's portfolio value rose 3% quarter-over-quarter to $4.28B.
Based on Ruffer LLP's 13F filing for Q1 2022, filed 12 May 2022.