13F HOLDINGS REPORT
Ruffer LLP
Quarter ended Q4 2023 · Filed November 13, 2023 · Accession 0001426859-23-000012
Total Value
$1.80B
Positions
66
Other Managers
0
Confidential Omitted
No
Holdings (66)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | RYANAIR HOLDINGS PLC | RYAOF | 1,318,168 | $129.5M | 7.17% |
| 2 | AMBEV SA | ABEV | 45,818,515 | $117.4M | 6.51% |
| 3 | ALIBABA GROUP HLDG LTD | BBAAY | 1,312,820 | $112.3M | 6.22% |
| 4 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 1,248,042 | $107.8M | 5.97% |
| 5 | THE CIGNA GROUP | 125523100 | 364,471 | $105.7M | 5.86% |
| 6 | AMAZON COM INC | AMZN | 817,694 | $103.0M | 5.71% |
| 7 | KINROSS GOLD CORP | KGCRF | 19,091,237 | $87.7M | 4.86% |
| 8 | NEWMONT CORP | NEMCL | 2,103,232 | $77.8M | 4.31% |
| 9 | COTY INC | COTY | 5,950,409 | $66.3M | 3.67% |
| 10 | KENVUE INC | KVUE | 2,923,675 | $58.8M | 3.26% |
| 11 | JACKSON FINANCIAL INC | JXN-PA | 1,398,354 | $53.3M | 2.96% |
| 12 | PFIZER INC | PFE | 1,662,226 | $53.3M | 2.95% |
| 13 | PIONEER NAT RES CO | 723787107 | 201,733 | $47.2M | 2.61% |
| 14 | BARRICK GOLD CORP | 067901108 | 3,220,652 | $46.9M | 2.60% |
| 15 | CENTERRA GOLD INC | CGAU | 8,547,150 | $42.4M | 2.35% |
| 16 | EXXON MOBIL CORP | XOM | 329,319 | $39.3M | 2.18% |
| 17 | GENERAL ELECTRIC CO | 369604301 | 322,502 | $36.2M | 2.01% |
| 18 | CITIGROUP INC | C-PR | 849,838 | $35.0M | 1.94% |
| 19 | EAST WEST BANCORP INC | EWBC | 643,050 | $33.7M | 1.87% |
| 20 | AGNICO EAGLE MINES LTD | AEM | 734,284 | $33.5M | 1.85% |
| 21 | META PLATFORMS INC | META | 108,480 | $33.0M | 1.83% |
| 22 | GENERAL MTRS CO | 37045V100 | 932,869 | $30.9M | 1.71% |
| 23 | GODADDY INC | GDDY | 393,046 | $29.0M | 1.61% |
| 24 | BANK AMERICA CORP | 060505104 | 990,960 | $27.3M | 1.51% |
| 25 | SUNCOR ENERGY INC NEW | SU | 761,000 | $26.8M | 1.49% |
| 26 | ANGLOGOLD ASHANTI LIMITED | AU | 1,490,159 | $24.3M | 1.35% |
| 27 | PNC FINL SVCS GROUP INC | 693475105 | 159,170 | $19.5M | 1.08% |
| 28 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 54,336 | $19.4M | 1.07% |
| 29 | GALIANO GOLD INC | GAU | 26,378,459 | $15.9M | 0.88% |
| 30 | PAN AMERN SILVER CORP | 697900108 | 1,108,858 | $15.9M | 0.88% |
| 31 | NOBLE CORP PLC | NE-WT | 307,875 | $15.8M | 0.88% |
| 32 | M & T BK CORP | 55261F104 | 122,550 | $15.5M | 0.86% |
| 33 | NOV INC | NOV | 644,930 | $13.7M | 0.76% |
| 34 | ARIS MNG CORP | 04040Y109 | 5,155,500 | $11.6M | 0.65% |
| 35 | LIVENT CORP | LIVG | 635,020 | $11.5M | 0.64% |
| 36 | GRIFOLS S A | GIKLY | 1,187,650 | $11.0M | 0.61% |
| 37 | B2GOLD CORP | BTG | 3,497,676 | $10.0M | 0.56% |
| 38 | FORTUNA SILVER MINES INC | 349915108 | 3,368,940 | $9.2M | 0.51% |
| 39 | WHEATON PRECIOUS METALS CORP | WPM | 225,424 | $9.1M | 0.51% |
| 40 | ALCOA CORP | AA | 308,193 | $8.7M | 0.48% |
| 41 | SKEENA RES LTD NEW | 83056P715 | 1,782,970 | $8.4M | 0.46% |
| 42 | SSR MINING IN | SSRGF | 631,259 | $8.4M | 0.46% |
| 43 | TECK RESOURCES LTD | TCKRF | 123,700 | $5.3M | 0.29% |
| 44 | PHILIP MORRIS INTL INC | 718172109 | 42,000 | $3.9M | 0.22% |
| 45 | CHEVRON CORP NEW | CVX | 22,000 | $3.8M | 0.21% |
| 46 | GOLD FIELDS LTD | GFIOF | 300,000 | $3.3M | 0.18% |
| 47 | DUPONT DE NEMOURS INC | DD | 40,000 | $3.0M | 0.17% |
| 48 | FOMENTO ECONOMICO MEXICANO S | 344419106 | 27,000 | $2.9M | 0.16% |
| 49 | JPMORGAN CHASE & CO | VYLD | 15,844 | $2.3M | 0.13% |
| 50 | TENARIS S A | 88031M109 | 66,536 | $2.1M | 0.12% |
| 51 | MARKEL GROUP INC | MKL | 1,300 | $2.0M | 0.11% |
| 52 | GOLDMINING INC | GLDG | 2,301,996 | $1.8M | 0.10% |
| 53 | ARCOS DORADOS HOLDINGS INC | ARCO | 152,142 | $1.4M | 0.08% |
| 54 | MARTIN MARIETTA MATLS INC | 573284106 | 3,000 | $1.2M | 0.07% |
| 55 | NOW INC | DNOW | 100,000 | $1.2M | 0.07% |
| 56 | BP PLC | BPPFF | 31,000 | $1.2M | 0.07% |
| 57 | FEDERATED HERMES INC | FHI | 35,000 | $1.2M | 0.07% |
| 58 | JAZZ PHARMACEUTICALS PLC | JAZZ | 7,702 | $1.0M | 0.06% |
| 59 | ANHEUSER BUSCH INBEV SA/NV | BUDFF | 17,000 | $910,060 | 0.05% |
| 60 | WELLS FARGO CO NEW | 949746101 | 22,000 | $899,592 | 0.05% |
| 61 | DOW INC | DOW | 15,972 | $812,888 | 0.05% |
| 62 | INTEGRA RES CORP | ITRG | 953,831 | $767,447 | 0.04% |
| 63 | DRIL-QUIP INC | 262037104 | 20,000 | $576,955 | 0.03% |
| 64 | DEUTSCHE BANK A G | D18190898 | 35,850 | $391,932 | 0.02% |
| 65 | SAFE BULKERS INC | SB-PC | 110,000 | $356,737 | 0.02% |
| 66 | STAR BULK CARRIERS CORP. | SBLK | 16,713 | $320,113 | 0.02% |