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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
-1.94%
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
$1.6B
AUM Growth
-$943M
Cap. Flow
-$974M
Cap. Flow %
-60.92%
Top 10 Hldgs %
49.2%
Holding
104
New
7
Increased
13
Reduced
48
Closed
9

Top Buys

Rank Stock Value
1
RYAAY icon
Ryanair
RYAAY
+$93.7M
2
AMZN icon
Amazon
AMZN
+$36.2M
3
SYF icon
Synchrony
SYF
+$20.2M
4
BKNG icon
Booking.com
BKNG
+$18.8M
5
HTZ icon
Hertz
HTZ
+$12.7M

Top Sells

Rank Stock Value
1
CI icon
Cigna
CI
+$198M
2
NOC icon
Northrop Grumman
NOC
+$119M
3
KGC icon
Kinross Gold
KGC
+$117M
4
ABEV icon
Ambev
ABEV
+$98.7M
5
EXE
Expand Energy Corp
EXE
+$89.9M

Sector Composition

Rank Sector Weight
1 Financials 16.57%
2 Materials 16.02%
3 Healthcare 13.6%
4 Energy 13.33%
5 Consumer Staples 12.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ABEV icon
1
Ambev
ABEV
$48.1B
$142M 8.89%
46,700,133
-34,813,108
-43% -$98.7M
CI icon
2
Cigna
CI
$73.7B
$124M 7.74%
421,936
-703,777
-63% -$198M
AXP icon
3
American Express
AXP
$227B
$83.7M 5.23%
587,760
-328,952
-36% -$49.8M
RYAAY icon
4
Ryanair
RYAAY
$30.4B
$81.8M 5.12%
+3,324,353
New +$93.7M
BP icon
5
BP
BP
$116B
$73.1M 4.58%
2,352,300
-337,700
-13% -$10M
KGC icon
6
Kinross Gold
KGC
$27.4B
$66.6M 4.16%
17,053,271
-34,429,013
-67% -$117M
HTZ icon
7
Hertz
HTZ
$499M
$60.7M 3.8%
3,509,507
+677,327
+24% +$12.7M
EXE
8
Expand Energy Corp
EXE
$21.8B
$55.9M 3.5%
550,304
-956,815
-63% -$89.9M
COTY icon
9
Coty
COTY
$2.42B
$51M 3.19%
7,447,561
+123,561
+2% +$934K
SCHW
10
Charles Schwab
SCHW
$183B
$47.8M 2.99%
629,751
-453,004
-42% -$31.4M
GDDY icon
11
GoDaddy
GDDY
$11B
$45.1M 2.82%
584,754
+3,428
+0.6% +$258K
XOM icon
12
ExxonMobil
XOM
$644B
$44.7M 2.79%
437,951
+5,506
+1% +$503K
GM icon
13
General Motors
GM
$80.4B
$41.5M 2.6%
1,199,331
-1,024,270
-46% -$37.6M
META icon
14
Meta Platforms (Facebook)
META
$1.42T
$40.4M 2.53%
290,584
-49,419
-15% -$8.01M
JXN icon
15
Jackson Financial
JXN
$8.53B
$35.2M 2.2%
1,126,886
-234,266
-17% -$6.92M
AMZN icon
16
Amazon
AMZN
$2.92T
$34.5M 2.16%
+286,615
New +$36.2M
CGAU
17
Centerra Gold
CGAU
$3.36B
$30.8M 1.93%
6,277,150
+400,000
+7% +$2.08M
GE icon
18
GE Aerospace
GE
$374B
$30.3M 1.9%
735,853
+3,109
+0.4% +$137K
BRK.B icon
19
Berkshire Hathaway Class B
BRK.B
$1.1T
$30M 1.87%
108,516
-21,736
-17% -$6.19M
AU icon
20
AngloGold Ashanti
AU
$40.1B
$29M 1.81%
1,963,389
+201,000
+11% +$2.86M
CNC icon
21
Centene
CNC
$30.7B
$27.3M 1.71%
339,886
-487
-0.1% -$43.5K
PFE icon
22
Pfizer
PFE
$143B
$23.9M 1.5%
554,775
+10,090
+2% +$490K
BMY icon
23
Bristol-Myers Squibb
BMY
$133B
$23.8M 1.49%
339,231
-1,207,574
-78% -$87.6M
FHI icon
24
Federated Hermes
FHI
$4.55B
$22M 1.38%
666,336
-223,318
-25% -$7.62M
COHR icon
25
Coherent
COHR
$51.4B
$21M 1.32%
554,317
-93,911
-14% -$4.5M
1
2 3 4 5

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GS
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ISL
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AIP
Atlas Infrastructure Partners London, United Kingdom $2.84B AUM 4.75% 1-Year Est. Return
AF
Aviso Financial Toronto, Ontario, Canada $2.82B AUM 24.96% 1-Year Est. Return
SAI
Systematic Alpha Investments Princeton, New Jersey $2.84B AUM 27.03% 1-Year Est. Return
MWM
Meridian Wealth Management Lexington, Kentucky $2.85B AUM 31.23% 1-Year Est. Return
MSDF
Michael & Susan Dell Foundation New York $2.85B AUM 26.28% 1-Year Est. Return
WG
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Ruffer LLP's Q3 2022 Portfolio in Review

As of Q3 2022, Ruffer LLP held 104 positions worth $1.6B, down 37% from $2.54B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Ruffer LLP withdrew a net $974M in Q3 2022, closing 9 positions and reducing 48 holdings. Its most notable exit was Lockheed Martin, an estimated $31.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 14% a quarter earlier, followed by Materials and Healthcare.

Against the trend, Ruffer LLP opened a new position in Ryanair worth $81.8M.

  • Ruffer LLP's largest Q3 2022 buy was Ryanair: 3,324,353 shares worth $81.8M.
  • Ruffer LLP added most to Hertz in Q3 2022, an estimated $12.7M increase.
  • Ruffer LLP's biggest Q3 2022 reduction was Cigna, cutting an estimated $198M.
  • Ruffer LLP fully exited Lockheed Martin in Q3 2022, selling an estimated $31.8M.
  • Ruffer LLP's ten largest holdings make up 49% of its $1.6B portfolio in Q3 2022.
  • Ruffer LLP opened 7 new positions and closed 9 in Q3 2022.
  • Ruffer LLP's portfolio value fell 37% quarter-over-quarter to $1.6B.

Based on Ruffer LLP's 13F filing for Q3 2022, filed 10 Nov 2022.