13F HOLDINGS REPORT
Ruffer LLP
Quarter ended Q3 2023 · Filed August 10, 2023 · Accession 0001426859-23-000009
Total Value
$1.71B
Positions
70
Other Managers
0
Confidential Omitted
No
Holdings (70)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | AMBEV SA | ABEV | 44,930,005 | $142.6M | 8.35% |
| 2 | RYANAIR HOLDINGS PLC | RYAOF | 1,196,077 | $132.3M | 7.75% |
| 3 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 1,263,241 | $127.5M | 7.46% |
| 4 | THE CIGNA GROUP | 125523100 | 373,920 | $106.8M | 6.25% |
| 5 | AMAZON COM INC | AMZN | 789,580 | $102.9M | 6.02% |
| 6 | KINROSS GOLD CORP | KGCRF | 21,396,871 | $102.0M | 5.97% |
| 7 | NEWMONT CORP | NEMCL | 1,980,849 | $84.5M | 4.95% |
| 8 | ALIBABA GROUP HLDG LTD | BBAAY | 812,140 | $67.7M | 3.96% |
| 9 | COTY INC | COTY | 5,338,556 | $65.6M | 3.84% |
| 10 | BARRICK GOLD CORP | 067901108 | 3,651,390 | $61.8M | 3.62% |
| 11 | JACKSON FINANCIAL INC | JXN-PA | 1,939,914 | $59.4M | 3.48% |
| 12 | META PLATFORMS INC | META | 185,870 | $53.3M | 3.12% |
| 13 | CENTERRA GOLD INC | CGAU | 7,215,750 | $43.3M | 2.53% |
| 14 | PFIZER INC | PFE | 1,173,049 | $43.0M | 2.52% |
| 15 | PIONEER NAT RES CO | 723787107 | 202,328 | $41.9M | 2.45% |
| 16 | GENERAL MTRS CO | 37045V100 | 927,822 | $35.8M | 2.09% |
| 17 | GENERAL ELECTRIC CO | 369604301 | 323,902 | $35.6M | 2.08% |
| 18 | GODADDY INC | GDDY | 394,746 | $29.7M | 1.74% |
| 19 | EXXON MOBIL CORP | XOM | 268,962 | $28.8M | 1.69% |
| 20 | AGNICO EAGLE MINES LTD | AEM | 575,215 | $28.7M | 1.68% |
| 21 | ANGLOGOLD ASHANTI LIMITED | AU | 1,219,659 | $25.7M | 1.51% |
| 22 | PNC FINL SVCS GROUP INC | 693475105 | 159,870 | $20.1M | 1.18% |
| 23 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 55,856 | $19.0M | 1.12% |
| 24 | PAN AMERN SILVER CORP | 697900108 | 1,205,292 | $17.6M | 1.03% |
| 25 | LIVENT CORP | LIVG | 635,020 | $17.4M | 1.02% |
| 26 | BANK AMERICA CORP | 060505104 | 606,490 | $17.4M | 1.02% |
| 27 | SUNCOR ENERGY INC NEW | SU | 590,500 | $17.3M | 1.01% |
| 28 | GALIANO GOLD INC | GAU | 26,378,459 | $15.8M | 0.93% |
| 29 | NOBLE CORP PLC | NE-WT | 327,700 | $13.5M | 0.79% |
| 30 | B2GOLD CORP | BTG | 3,497,676 | $12.5M | 0.73% |
| 31 | GRIFOLS S A | GIKLY | 1,192,250 | $10.9M | 0.64% |
| 32 | M & T BK CORP | 55261F104 | 85,950 | $10.6M | 0.62% |
| 33 | WHEATON PRECIOUS METALS CORP | WPM | 245,116 | $10.6M | 0.62% |
| 34 | NOV INC | NOV | 653,630 | $10.5M | 0.61% |
| 35 | ALCOA CORP | AA | 309,044 | $10.5M | 0.61% |
| 36 | SSR MINING IN | SSRGF | 631,259 | $9.0M | 0.52% |
| 37 | SKEENA RES LTD NEW | 83056P715 | 1,782,970 | $8.6M | 0.50% |
| 38 | FEDERATED HERMES INC | FHI | 235,000 | $8.4M | 0.49% |
| 39 | SYNCHRONY FINANCIAL | SYF-PB | 290,943 | $7.6M | 0.44% |
| 40 | FORTUNA SILVER MINES INC | 349915108 | 2,118,940 | $6.9M | 0.40% |
| 41 | TECK RESOURCES LTD | TCKRF | 129,470 | $5.5M | 0.32% |
| 42 | TENARIS S A | 88031M109 | 144,400 | $4.3M | 0.25% |
| 43 | PHILIP MORRIS INTL INC | 718172109 | 42,000 | $4.1M | 0.24% |
| 44 | CHEVRON CORP NEW | CVX | 22,000 | $3.5M | 0.20% |
| 45 | FOMENTO ECONOMICO MEXICANO S | 344419106 | 27,000 | $3.0M | 0.18% |
| 46 | DUPONT DE NEMOURS INC | DD | 40,000 | $2.9M | 0.17% |
| 47 | GOLDMINING INC | GLDG | 2,301,996 | $2.1M | 0.12% |
| 48 | JPMORGAN CHASE & CO | VYLD | 14,070 | $2.0M | 0.12% |
| 49 | MARKEL GROUP INC | MKL | 1,300 | $1.8M | 0.11% |
| 50 | ARCOS DORADOS HOLDINGS INC | ARCO | 152,142 | $1.6M | 0.09% |
| 51 | MARTIN MARIETTA MATLS INC | 573284106 | 3,000 | $1.4M | 0.08% |
| 52 | ERICSSON | 294821608 | 250,000 | $1.4M | 0.08% |
| 53 | BP PLC | BPPFF | 31,000 | $1.1M | 0.06% |
| 54 | INTEGRA RES CORP | ITRG | 953,831 | $1.1M | 0.06% |
| 55 | NOW INC | DNOW | 100,000 | $1.0M | 0.06% |
| 56 | ANHEUSER BUSCH INBEV SA/NV | BUDFF | 17,000 | $964,325 | 0.06% |
| 57 | JAZZ PHARMACEUTICALS PLC | JAZZ | 7,702 | $954,740 | 0.06% |
| 58 | WELLS FARGO CO NEW | 949746101 | 22,000 | $938,850 | 0.05% |
| 59 | DOW INC | DOW | 15,972 | $850,589 | 0.05% |
| 60 | SOUTHWEST AIRLS CO | 844741108 | 20,000 | $724,100 | 0.04% |
| 61 | GOLD RESOURCE CORP | GORO | 870,879 | $544,343 | 0.03% |
| 62 | SAFE BULKERS INC | SB-PC | 160,000 | $522,400 | 0.03% |
| 63 | SPDR GOLD TR | GLD | 2,710 | $483,179 | 0.03% |
| 64 | DRIL-QUIP INC | 262037104 | 20,000 | $465,800 | 0.03% |
| 65 | AMERICAS GOLD AND SILVER COR | 03062D100 | 1,199,493 | $424,680 | 0.02% |
| 66 | DEUTSCHE BANK A G | D18190898 | 35,850 | $377,074 | 0.02% |
| 67 | US BANCORP DEL | USB-PS | 9,000 | $297,225 | 0.02% |
| 68 | STAR BULK CARRIERS CORP. | SBLK | 15,439 | $273,193 | 0.02% |
| 69 | BURFORD CAP LTD | BUR | 20,000 | $243,377 | 0.01% |
| 70 | CHESAPEAKE ENERGY CORP | EXE | 2,782 | $232,812 | 0.01% |