13F HOLDINGS REPORT
Ruffer LLP
Quarter ended Q2 2023 · Filed May 11, 2023 · Accession 0001426859-23-000007
Total Value
$2.89B
Positions
87
Other Managers
0
Confidential Omitted
No
Holdings (87)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 2,348,305 | $218.4M | 7.57% |
| 2 | AMBEV SA | ABEV | 61,508,434 | $173.1M | 6.00% |
| 3 | KINROSS GOLD CORP | KGCRF | 35,680,196 | $167.9M | 5.81% |
| 4 | ALIBABA GROUP HLDG LTD | BBAAY | 1,441,760 | $147.3M | 5.10% |
| 5 | RYANAIR HOLDINGS PLC | RYAOF | 1,437,054 | $135.5M | 4.70% |
| 6 | NEWMONT CORP | NEMCL | 2,743,104 | $134.4M | 4.66% |
| 7 | BARRICK GOLD CORP | 067901108 | 7,238,626 | $134.3M | 4.65% |
| 8 | AGNICO EAGLE MINES LTD | AEM | 2,418,520 | $123.3M | 4.27% |
| 9 | PIONEER NAT RES CO | 723787107 | 501,377 | $102.4M | 3.55% |
| 10 | AMAZON COM INC | AMZN | 970,849 | $100.3M | 3.47% |
| 11 | ALCOA CORP | AA | 1,996,243 | $84.9M | 2.94% |
| 12 | COTY INC | COTY | 6,194,812 | $74.7M | 2.59% |
| 13 | THE CIGNA GROUP | 125523100 | 288,384 | $73.6M | 2.55% |
| 14 | MOSAIC CO NEW | MOS | 1,578,354 | $72.4M | 2.51% |
| 15 | NUTRIEN LTD | NTR | 962,913 | $71.1M | 2.46% |
| 16 | JACKSON FINANCIAL INC | JXN-PA | 1,476,421 | $55.2M | 1.91% |
| 17 | EOG RES INC | EOG | 469,113 | $53.8M | 1.86% |
| 18 | ANGLOGOLD ASHANTI LIMITED | AU | 2,197,259 | $53.1M | 1.84% |
| 19 | SHELL PLC | RYDAF | 922,600 | $53.1M | 1.84% |
| 20 | CONOCOPHILLIPS | COP | 516,652 | $51.3M | 1.78% |
| 21 | META PLATFORMS INC | META | 227,289 | $48.2M | 1.67% |
| 22 | NOV INC | NOV | 2,587,875 | $47.9M | 1.66% |
| 23 | GENERAL MTRS CO | 37045V100 | 1,216,699 | $44.6M | 1.54% |
| 24 | PFIZER INC | PFE | 1,071,679 | $43.7M | 1.51% |
| 25 | BP PLC | BPPFF | 1,125,000 | $42.7M | 1.48% |
| 26 | CENTERRA GOLD INC | CGAU | 6,517,450 | $42.1M | 1.46% |
| 27 | EXXON MOBIL CORP | XOM | 348,392 | $38.2M | 1.32% |
| 28 | GENERAL ELECTRIC CO | 369604301 | 379,002 | $36.2M | 1.25% |
| 29 | COHERENT CORP | COHR | 833,051 | $31.7M | 1.10% |
| 30 | GODADDY INC | GDDY | 403,994 | $31.4M | 1.09% |
| 31 | PNC FINL SVCS GROUP INC | 693475105 | 234,900 | $29.9M | 1.03% |
| 32 | M & T BK CORP | 55261F104 | 240,200 | $28.7M | 0.99% |
| 33 | TEGNA INC | 87901J105 | 1,494,794 | $25.3M | 0.88% |
| 34 | NOBLE CORP PLC | NE-WT | 637,000 | $25.1M | 0.87% |
| 35 | SUNCOR ENERGY INC NEW | SU | 803,700 | $25.0M | 0.86% |
| 36 | SCHWAB CHARLES CORP | SCHW-PJ | 476,256 | $24.9M | 0.86% |
| 37 | GOLD FIELDS LTD | GFIOF | 1,869,276 | $24.9M | 0.86% |
| 38 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 71,891 | $22.2M | 0.77% |
| 39 | FEDERATED HERMES INC | FHI | 535,000 | $21.5M | 0.74% |
| 40 | LIVENT CORP | LIVG | 872,563 | $18.9M | 0.66% |
| 41 | GALIANO GOLD INC | GAU | 26,378,459 | $15.3M | 0.53% |
| 42 | B2GOLD CORP | BTG | 3,497,676 | $13.8M | 0.48% |
| 43 | WHEATON PRECIOUS METALS CORP | WPM | 248,395 | $12.0M | 0.41% |
| 44 | CHESAPEAKE ENERGY CORP | EXE | 131,333 | $10.0M | 0.35% |
| 45 | SYNCHRONY FINANCIAL | SYF-PB | 292,103 | $8.5M | 0.29% |
| 46 | FORTUNA SILVER MINES INC | 349915108 | 2,118,940 | $8.0M | 0.28% |
| 47 | SKEENA RES LTD NEW | 83056P715 | 1,220,370 | $7.5M | 0.26% |
| 48 | SSR MINING IN | SSRGF | 479,359 | $7.2M | 0.25% |
| 49 | ACTIVISION BLIZZARD INC | 00507V109 | 80,265 | $6.9M | 0.24% |
| 50 | HERTZ GLOBAL HLDGS INC | HTZWW | 350,000 | $5.7M | 0.20% |
| 51 | AMERICAN EXPRESS CO | AXP | 34,311 | $5.7M | 0.20% |
| 52 | TENARIS S A | 88031M109 | 195,345 | $5.6M | 0.19% |
| 53 | PAN AMERN SILVER CORP | 697900108 | 200,000 | $3.7M | 0.13% |
| 54 | CHEVRON CORP NEW | CVX | 22,000 | $3.6M | 0.12% |
| 55 | DRDGOLD LIMITED | DRDGF | 356,194 | $3.4M | 0.12% |
| 56 | DUPONT DE NEMOURS INC | DD | 40,000 | $2.9M | 0.10% |
| 57 | GOLDMINING INC | GLDG | 2,301,996 | $2.8M | 0.10% |
| 58 | PHILIP MORRIS INTL INC | 718172109 | 28,000 | $2.7M | 0.09% |
| 59 | FOMENTO ECONOMICO MEXICANO S | 344419106 | 27,000 | $2.6M | 0.09% |
| 60 | JPMORGAN CHASE & CO | VYLD | 14,135 | $1.8M | 0.06% |
| 61 | IAMGOLD CORP | IAG | 659,000 | $1.8M | 0.06% |
| 62 | MARKEL CORP | MKL | 1,300 | $1.7M | 0.06% |
| 63 | ERICSSON | 294821608 | 250,000 | $1.5M | 0.05% |
| 64 | NOW INC | DNOW | 130,000 | $1.4M | 0.05% |
| 65 | INTEGRA RES CORP | ITRG | 2,384,579 | $1.4M | 0.05% |
| 66 | TIM S A | TIMB | 100,000 | $1.2M | 0.04% |
| 67 | ARCOS DORADOS HOLDINGS INC | ARCO | 152,142 | $1.2M | 0.04% |
| 68 | SOUTHWEST AIRLS CO | 844741108 | 35,000 | $1.1M | 0.04% |
| 69 | TELEFONICA BRASIL SA | VIV | 150,000 | $1.1M | 0.04% |
| 70 | JAZZ PHARMACEUTICALS PLC | JAZZ | 7,702 | $1.1M | 0.04% |
| 71 | MARTIN MARIETTA MATLS INC | 573284106 | 3,000 | $1.1M | 0.04% |
| 72 | FREEPORT-MCMORAN INC | FCX | 24,977 | $1.0M | 0.04% |
| 73 | DRIL-QUIP INC | 262037104 | 35,000 | $1.0M | 0.03% |
| 74 | GOLD RESOURCE CORP | GORO | 870,879 | $918,777 | 0.03% |
| 75 | SPDR GOLD TR | GLD | 4,844 | $887,397 | 0.03% |
| 76 | DOW INC | DOW | 15,972 | $875,505 | 0.03% |
| 77 | WELLS FARGO CO NEW | 949746101 | 22,000 | $821,590 | 0.03% |
| 78 | US BANCORP DEL | USB-PS | 19,000 | $684,475 | 0.02% |
| 79 | SAFE BULKERS INC | SB-PC | 160,000 | $589,600 | 0.02% |
| 80 | AMERICAS GOLD AND SILVER COR | 03062D100 | 1,199,493 | $581,094 | 0.02% |
| 81 | ANHEUSER BUSCH INBEV SA/NV | BUDFF | 7,000 | $467,145 | 0.02% |
| 82 | TECK RESOURCES LTD | TCKRF | 10,952 | $399,858 | 0.01% |
| 83 | BURFORD CAP LTD | BUR | 40,000 | $372,122 | 0.01% |
| 84 | DEUTSCHE BANK A G | D18190898 | 35,850 | $364,377 | 0.01% |
| 85 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 4,504 | $312,150 | 0.01% |
| 86 | IMV INC | 44974L301 | 321,952 | $166,804 | 0.01% |
| 87 | BRF SA | 10552T107 | 37,510 | $47,825 | 0.00% |