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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
+3.75%
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
$1.71B
AUM Growth
-$1.18B
(-41%)
Cap. Flow
-$1.2B
Cap. Flow
% of AUM
-70.44%
Top 10 Holdings %
Top 10 Hldgs %
58.17%
Holding
90
New
3
Increased
10
Reduced
39
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cigna
CI
|
+$22.3M |
| 2 |
Bank of America
BAC
|
+$17.3M |
| 3 |
Pan American Silver
PAAS
|
+$16.6M |
| 4 |
Jackson Financial
JXN
|
+$14.9M |
| 5 |
GRFS
Grifois
GRFS
|
+$9.84M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSMC
TSM
|
+$101M |
| 2 |
Agnico Eagle Mines
AEM
|
+$99.7M |
| 3 |
The Mosaic Company
MOS
|
+$72.4M |
| 4 |
Kinross Gold
KGC
|
+$71.3M |
| 5 |
Nutrien
NTR
|
+$71.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 27.49% |
| 2 | Consumer Staples | 12.66% |
| 3 | Consumer Discretionary | 12.17% |
| 4 | Industrials | 9.98% |
| 5 | Healthcare | 9.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Ambev
ABEV
$48.1B
| $143M | 8.35% |
44,930,005
-16,578,429
| -27% | -$48.8M |
|
2
Ryanair
RYAAY
$30.4B
| $132M | 7.75% |
2,990,193
-602,442
| -17% | -$24.3M |
|
|
3
TSMC
TSM
$2.1T
| $127M | 7.46% |
1,263,241
-1,085,064
| -46% | -$101M |
|
|
4
Cigna
CI
$73.7B
| $107M | 6.25% |
373,920
+85,536
| +30% | +$22.3M |
|
5
Amazon
AMZN
$2.92T
| $103M | 6.02% |
789,580
-181,269
| -19% | -$20.7M |
|
|
6
Kinross Gold
KGC
$27.4B
| $102M | 5.97% |
21,396,871
-14,283,325
| -40% | -$71.3M |
|
7
Newmont
NEM
$98.7B
| $84.5M | 4.95% |
1,980,849
-762,255
| -28% | -$34.6M |
|
8
Alibaba
BABA
$293B
| $67.7M | 3.96% |
812,140
-629,620
| -44% | -$55.1M |
|
9
Coty
COTY
$2.42B
| $65.6M | 3.84% |
5,338,556
-856,256
| -14% | -$10.1M |
|
|
B
10
Barrick Mining
B
$61.5B
| $61.8M | 3.62% |
3,651,390
-3,587,236
| -50% | -$65.4M |
|
|
11
Jackson Financial
JXN
$8.53B
| $59.4M | 3.48% |
1,939,914
+463,493
| +31% | +$14.9M |
|
12
Meta Platforms (Facebook)
META
$1.42T
| $53.3M | 3.12% |
185,870
-41,419
| -18% | -$10.2M |
|
|
CGAU
13
Centerra Gold
CGAU
$3.36B
| $43.3M | 2.53% |
7,215,750
+698,300
| +11% | +$4.43M |
|
14
Pfizer
PFE
$143B
| $43M | 2.52% |
1,173,049
+101,370
| +9% | +$3.95M |
|
|
PXD
15
DELISTED
Pioneer Natural Resource Co.
PXD
| $41.9M | 2.45% |
202,328
-299,049
| -60% | -$63M |
|
16
General Motors
GM
$80.4B
| $35.8M | 2.09% |
927,822
-288,877
| -24% | -$9.99M |
|
17
GE Aerospace
GE
$374B
| $35.6M | 2.08% |
405,849
-69,041
| -15% | -$5.59M |
|
18
GoDaddy
GDDY
$11B
| $29.7M | 1.74% |
394,746
-9,248
| -2% | -$683K |
|
19
ExxonMobil
XOM
$644B
| $28.8M | 1.69% |
268,962
-79,430
| -23% | -$8.67M |
|
|
20
Agnico Eagle Mines
AEM
$73.6B
| $28.7M | 1.68% |
575,215
-1,843,305
| -76% | -$99.7M |
|
21
AngloGold Ashanti
AU
$40.1B
| $25.7M | 1.51% |
1,219,659
-977,600
| -44% | -$24.6M |
|
22
PNC Financial Services
PNC
$99.7B
| $20.1M | 1.18% |
159,870
-75,030
| -32% | -$9.17M |
|
23
Berkshire Hathaway Class B
BRK.B
$1.1T
| $19M | 1.12% |
55,856
-16,035
| -22% | -$5.23M |
|
|
24
Pan American Silver
PAAS
$18.2B
| $17.6M | 1.03% |
1,205,292
+1,005,292
| +503% | +$16.6M |
|
|
LTHM
25
DELISTED
Livent Corporation
LTHM
| $17.4M | 1.02% |
635,020
-237,543
| -27% | -$5.7M |
|
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Ruffer LLP's Q2 2023 Portfolio in Review
As of Q2 2023, Ruffer LLP held 90 positions worth $1.71B, down 41% from $2.89B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Ruffer LLP withdrew a net $1.2B in Q2 2023, closing 20 positions and reducing 39 holdings. Its most notable exit was The Mosaic Company, an estimated $72.4M position sold in full.
By sector, the portfolio is most concentrated in Materials at 27% of assets, down from 35% a quarter earlier, followed by Consumer Staples and Consumer Discretionary.
Against the trend, Ruffer LLP opened a new position in Bank of America worth $17.4M.
- Ruffer LLP's largest Q2 2023 buy was Bank of America: 606,490 shares worth $17.4M.
- Ruffer LLP added most to Cigna in Q2 2023, an estimated $22.3M increase.
- Ruffer LLP's biggest Q2 2023 reduction was TSMC, cutting an estimated $101M.
- Ruffer LLP fully exited The Mosaic Company in Q2 2023, selling an estimated $72.4M.
- Ruffer LLP's ten largest holdings make up 58% of its $1.71B portfolio in Q2 2023.
- Ruffer LLP opened 3 new positions and closed 20 in Q2 2023.
- Ruffer LLP's portfolio value fell 41% quarter-over-quarter to $1.71B.
Based on Ruffer LLP's 13F filing for Q2 2023, filed 10 Aug 2023.