13F HOLDINGS REPORT
Ruffer LLP
Quarter ended Q1 2023 · Filed February 10, 2023 · Accession 0001426859-23-000006
Total Value
$1.49B
Positions
91
Other Managers
0
Confidential Omitted
No
Holdings (91)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | AMBEV SA | ABEV | 42,843,210 | $117.1M | 7.86% |
| 2 | RYANAIR HOLDINGS PLC | RYAOF | 1,267,454 | $95.1M | 6.38% |
| 3 | CIGNA CORP NEW | 125523100 | 279,330 | $92.9M | 6.23% |
| 4 | BARRICK GOLD CORP | 067901108 | 4,895,407 | $84.3M | 5.66% |
| 5 | BP PLC | BPPFF | 2,350,000 | $82.3M | 5.53% |
| 6 | KINROSS GOLD CORP | KGCRF | 16,679,124 | $68.3M | 4.59% |
| 7 | SYNCHRONY FINANCIAL | SYF-PB | 2,024,500 | $66.7M | 4.48% |
| 8 | COTY INC | COTY | 6,453,803 | $55.4M | 3.72% |
| 9 | AMAZON COM INC | AMZN | 609,669 | $51.4M | 3.45% |
| 10 | AMERICAN EXPRESS CO | AXP | 331,884 | $49.2M | 3.30% |
| 11 | NEWMONT CORP | NEMCL | 1,016,244 | $48.1M | 3.23% |
| 12 | JACKSON FINANCIAL INC | JXN-PA | 1,302,076 | $45.4M | 3.05% |
| 13 | META PLATFORMS INC | META | 348,410 | $42.1M | 2.82% |
| 14 | EXXON MOBIL CORP | XOM | 362,848 | $40.2M | 2.69% |
| 15 | CENTERRA GOLD INC | CGAU | 6,677,150 | $34.6M | 2.32% |
| 16 | M & T BK CORP | 55261F104 | 227,263 | $33.1M | 2.22% |
| 17 | ANGLOGOLD ASHANTI LIMITED | AU | 1,535,159 | $29.9M | 2.01% |
| 18 | GODADDY INC | GDDY | 392,440 | $29.4M | 1.98% |
| 19 | PFIZER INC | PFE | 562,915 | $28.9M | 1.94% |
| 20 | GENERAL MTRS CO | 37045V100 | 788,681 | $26.6M | 1.79% |
| 21 | FEDERATED HERMES INC | FHI | 660,336 | $24.0M | 1.61% |
| 22 | BOOKING HOLDINGS INC | BKNG | 11,851 | $24.0M | 1.61% |
| 23 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 70,177 | $21.8M | 1.46% |
| 24 | LIVENT CORP | LIVG | 1,073,025 | $21.4M | 1.44% |
| 25 | COHERENT CORP | COHR | 564,867 | $19.9M | 1.33% |
| 26 | GOLD FIELDS LTD | GFIOF | 1,688,774 | $17.6M | 1.18% |
| 27 | WHEATON PRECIOUS METALS CORP | WPM | 414,353 | $16.2M | 1.09% |
| 28 | GALIANO GOLD INC | GAU | 26,378,459 | $13.9M | 0.93% |
| 29 | CHESAPEAKE ENERGY CORP | EXE | 145,569 | $13.8M | 0.92% |
| 30 | GENERAL ELECTRIC CO | 369604301 | 158,792 | $13.3M | 0.90% |
| 31 | AGNICO EAGLE MINES LTD | AEM | 255,220 | $13.3M | 0.89% |
| 32 | NOBLE CORP PLC | NE-WT | 340,600 | $12.9M | 0.86% |
| 33 | SCHLUMBERGER LTD | SLB | 234,050 | $12.6M | 0.84% |
| 34 | ACTIVISION BLIZZARD INC | 00507V109 | 160,065 | $12.3M | 0.82% |
| 35 | B2GOLD CORP | BTG | 2,997,676 | $10.7M | 0.72% |
| 36 | ALIBABA GROUP HLDG LTD | BBAAY | 120,582 | $10.7M | 0.71% |
| 37 | NOV INC | NOV | 414,008 | $8.7M | 0.58% |
| 38 | FORTUNA SILVER MINES INC | 349915108 | 2,118,940 | $8.0M | 0.54% |
| 39 | HERTZ GLOBAL HLDGS INC | HTZWW | 510,223 | $7.9M | 0.53% |
| 40 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 76,955 | $5.6M | 0.37% |
| 41 | SCHWAB CHARLES CORP | SCHW-PJ | 64,405 | $5.4M | 0.36% |
| 42 | SSR MNG INC | SSRGF | 339,359 | $5.3M | 0.36% |
| 43 | TENARIS S A | 88031M109 | 119,083 | $4.2M | 0.28% |
| 44 | CENTENE CORP DEL | CNC | 50,169 | $4.1M | 0.28% |
| 45 | SKEENA RES LTD NEW | 83056P715 | 770,370 | $4.1M | 0.27% |
| 46 | CHEVRON CORP NEW | CVX | 22,000 | $4.0M | 0.27% |
| 47 | ASTRAZENECA PLC | AZN | 57,930 | $3.9M | 0.26% |
| 48 | JPMORGAN CHASE & CO | VYLD | 24,879 | $3.3M | 0.22% |
| 49 | PHILIP MORRIS INTL INC | 718172109 | 28,000 | $2.8M | 0.19% |
| 50 | DUPONT DE NEMOURS INC | DD | 40,439 | $2.8M | 0.19% |
| 51 | GOLDMINING INC | GLDG | 2,301,996 | $2.6M | 0.17% |
| 52 | DRDGOLD LIMITED | DRDGF | 298,052 | $2.2M | 0.15% |
| 53 | FOMENTO ECONOMICO MEXICANO S | 344419106 | 27,000 | $2.1M | 0.14% |
| 54 | ORMAT TECHNOLOGIES INC | ORA | 20,300 | $1.8M | 0.12% |
| 55 | MARKEL CORP | MKL | 1,300 | $1.7M | 0.12% |
| 56 | IAMGOLD CORP | IAG | 660,000 | $1.7M | 0.11% |
| 57 | NOW INC | DNOW | 130,000 | $1.7M | 0.11% |
| 58 | INTEGRA RES CORP | ITRG | 2,384,579 | $1.5M | 0.10% |
| 59 | GOLD RESOURCE CORP | GORO | 870,879 | $1.3M | 0.09% |
| 60 | ARCOS DORADOS HOLDINGS INC | ARCO | 152,142 | $1.3M | 0.09% |
| 61 | JAZZ PHARMACEUTICALS PLC | JAZZ | 7,702 | $1.2M | 0.08% |
| 62 | ELDORADO GOLD CORP NEW | 284902509 | 145,733 | $1.2M | 0.08% |
| 63 | NUTRIEN LTD | NTR | 16,580 | $1.2M | 0.08% |
| 64 | SOUTHWEST AIRLS CO | 844741108 | 35,000 | $1.2M | 0.08% |
| 65 | NEXSTAR MEDIA GROUP INC | NXST | 6,461 | $1.1M | 0.08% |
| 66 | DEUTSCHE BANK A G | D18190898 | 95,850 | $1.1M | 0.08% |
| 67 | IMV INC | 44974L301 | 441,952 | $1.1M | 0.07% |
| 68 | EQUINOX GOLD CORP | EQX | 320,765 | $1.1M | 0.07% |
| 69 | CUMMINS INC | CMI | 4,300 | $1.0M | 0.07% |
| 70 | MARTIN MARIETTA MATLS INC | 573284106 | 3,000 | $1.0M | 0.07% |
| 71 | FISERV INC | FISV | 10,000 | $1.0M | 0.07% |
| 72 | DRIL-QUIP INC | 262037104 | 35,000 | $954,107 | 0.06% |
| 73 | WELLS FARGO CO NEW | 949746101 | 22,000 | $911,338 | 0.06% |
| 74 | US BANCORP DEL | USB-PS | 19,000 | $831,473 | 0.06% |
| 75 | DOW INC | DOW | 16,363 | $827,198 | 0.06% |
| 76 | NEXTERA ENERGY INC | NEE-PW | 9,700 | $813,316 | 0.05% |
| 77 | TIM S A | TIMB | 65,000 | $760,276 | 0.05% |
| 78 | TELEFONICA BRASIL SA | VIV | 105,000 | $753,630 | 0.05% |
| 79 | AMERICAS GOLD AND SILVER COR | 03062D100 | 1,199,493 | $692,954 | 0.05% |
| 80 | SPDR GOLD TR | GLD | 3,293 | $560,425 | 0.04% |
| 81 | MARSH & MCLENNAN COS INC | 571748102 | 2,900 | $481,556 | 0.03% |
| 82 | SAFE BULKERS INC | SB-PC | 163,788 | $478,939 | 0.03% |
| 83 | DISNEY WALT CO | 254687106 | 5,125 | $446,630 | 0.03% |
| 84 | ANHEUSER BUSCH INBEV SA/NV | BUDFF | 7,000 | $421,492 | 0.03% |
| 85 | APPLE INC | AAPL | 3,210 | $418,367 | 0.03% |
| 86 | CHECK POINT SOFTWARE TECH LT | M22465104 | 2,417 | $305,824 | 0.02% |
| 87 | MICROSOFT CORP | MSFT | 1,031 | $248,035 | 0.02% |
| 88 | AFLAC INC | AFL | 3,427 | $247,328 | 0.02% |
| 89 | MCKESSON CORP | MCK | 650 | $244,723 | 0.02% |
| 90 | EHEALTH INC | EHTH | 15,185 | $73,878 | 0.00% |
| 91 | BRF SA | 10552T107 | 37,510 | $59,263 | 0.00% |