13F HOLDINGS REPORT
Ruffer LLP
Quarter ended Q4 2024 · Filed February 7, 2025 · Accession 0001426859-25-000002
Total Value
$2.77B
Positions
101
Other Managers
0
Confidential Omitted
No
Holdings (101)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | NEWMONT CORP | NEMCL | 7,085,101 | $263.7M | 9.52% |
| 2 | CITIGROUP INC | C-PR | 3,501,834 | $246.5M | 8.90% |
| 3 | AMAZON COM INC | AMZN | 868,184 | $190.5M | 6.88% |
| 4 | THE CIGNA GROUP | 125523100 | 601,066 | $166.0M | 5.99% |
| 5 | BARRICK GOLD CORP | 067901108 | 10,269,848 | $159.2M | 5.75% |
| 6 | ALIBABA GROUP HLDG LTD | BBAAY | 1,609,404 | $136.5M | 4.93% |
| 7 | BANK AMERICA CORP | 060505104 | 2,727,336 | $119.9M | 4.33% |
| 8 | PFIZER INC | PFE | 4,206,387 | $111.6M | 4.03% |
| 9 | DEERE & CO | DE | 186,051 | $78.8M | 2.85% |
| 10 | KINROSS GOLD CORP | KGCRF | 7,427,970 | $68.9M | 2.49% |
| 11 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 329,971 | $65.2M | 2.35% |
| 12 | RYANAIR HOLDINGS PLC | RYAOF | 1,458,141 | $63.6M | 2.30% |
| 13 | BP PLC | BPPFF | 2,137,420 | $63.2M | 2.28% |
| 14 | AGNC INVT CORP | 00123Q104 | 6,399,815 | $58.9M | 2.13% |
| 15 | ARCHER DANIELS MIDLAND CO | ADM | 1,159,618 | $58.6M | 2.12% |
| 16 | CF INDS HLDGS INC | 125269100 | 566,458 | $48.3M | 1.75% |
| 17 | AMBEV SA | ABEV | 25,776,672 | $47.7M | 1.72% |
| 18 | CORTEVA INC | CTVA | 785,918 | $44.8M | 1.62% |
| 19 | NUTRIEN LTD | NTR | 982,728 | $44.0M | 1.59% |
| 20 | MOSAIC CO NEW | MOS | 1,683,588 | $41.4M | 1.49% |
| 21 | CENTERRA GOLD INC | CGAU | 7,140,845 | $40.6M | 1.47% |
| 22 | PHILIP MORRIS INTL INC | 718172109 | 335,162 | $40.3M | 1.46% |
| 23 | ANGLOGOLD ASHANTI PLC | AU | 1,653,726 | $38.2M | 1.38% |
| 24 | SUNCOR ENERGY INC NEW | SU | 941,697 | $33.6M | 1.21% |
| 25 | EXXON MOBIL CORP | XOM | 289,532 | $31.1M | 1.12% |
| 26 | GALIANO GOLD INC | GAU | 18,438,262 | $23.0M | 0.83% |
| 27 | COTY INC | COTY | 3,225,675 | $22.4M | 0.81% |
| 28 | PAN AMERN SILVER CORP | 697900108 | 1,084,516 | $21.9M | 0.79% |
| 29 | AGNICO EAGLE MINES LTD | AEM | 265,927 | $20.8M | 0.75% |
| 30 | ARIS MNG CORP | 04040Y109 | 5,687,273 | $19.9M | 0.72% |
| 31 | STELLANTIS N.V | STLA | 1,479,686 | $19.3M | 0.70% |
| 32 | GE AEROSPACE | 369604301 | 101,939 | $17.0M | 0.61% |
| 33 | PNC FINL SVCS GROUP INC | 693475105 | 87,640 | $16.9M | 0.61% |
| 34 | SKEENA RES LTD NEW | 83056P715 | 1,745,382 | $15.2M | 0.55% |
| 35 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 32,390 | $14.7M | 0.53% |
| 36 | M & T BK CORP | 55261F104 | 72,992 | $13.7M | 0.50% |
| 37 | FOX CORP | FOX | 246,175 | $12.0M | 0.43% |
| 38 | COSTAR GROUP INC | CSGP | 162,179 | $11.6M | 0.42% |
| 39 | WHEATON PRECIOUS METALS CORP | WPM | 201,024 | $11.3M | 0.41% |
| 40 | B2GOLD CORP | BTG | 4,213,062 | $10.3M | 0.37% |
| 41 | MAXIMUS INC | MMS | 137,517 | $10.3M | 0.37% |
| 42 | TD SYNNEX CORPORATION | SNX | 86,425 | $10.1M | 0.37% |
| 43 | NOBLE CORP PLC | NE-WT | 304,210 | $9.6M | 0.34% |
| 44 | CHEESECAKE FACTORY INC | CAKE | 198,179 | $9.4M | 0.34% |
| 45 | HEWLETT PACKARD ENTERPRISE C | HPE-PC | 410,231 | $8.8M | 0.32% |
| 46 | BUNGE GLOBAL SA | BG | 108,214 | $8.4M | 0.30% |
| 47 | PILGRIMS PRIDE CORP | PPC | 184,649 | $8.4M | 0.30% |
| 48 | LIVANOVA PLC | LIVN | 172,357 | $8.0M | 0.29% |
| 49 | ZIFF DAVIS INC | ZD | 146,224 | $7.9M | 0.29% |
| 50 | GULFPORT ENERGY OPERATING CO | GPOR | 40,753 | $7.5M | 0.27% |
| 51 | JAZZ PHARMACEUTICALS PLC | JAZZ | 58,767 | $7.2M | 0.26% |
| 52 | MERCK & CO INC | MRK | 72,672 | $7.2M | 0.26% |
| 53 | COPA HOLDINGS SA | CPA | 76,658 | $6.7M | 0.24% |
| 54 | TENARIS S A | 88031M109 | 173,666 | $6.6M | 0.24% |
| 55 | GILEAD SCIENCES INC | GILD | 70,399 | $6.5M | 0.23% |
| 56 | COCA COLA CONS INC | COKE | 4,793 | $6.0M | 0.22% |
| 57 | GATES INDL CORP PLC | G39108108 | 285,062 | $5.9M | 0.21% |
| 58 | INCYTE CORP | INCY | 80,059 | $5.5M | 0.20% |
| 59 | BROOKFIELD CORP | 11271J107 | 94,000 | $5.4M | 0.20% |
| 60 | FIRST SOLAR INC | FSLR | 30,480 | $5.4M | 0.19% |
| 61 | GOLD FIELDS LTD | GFIOF | 402,084 | $5.3M | 0.19% |
| 62 | OWENS CORNING NEW | OC | 30,741 | $5.2M | 0.19% |
| 63 | DORMAN PRODS INC | 258278100 | 33,297 | $4.3M | 0.16% |
| 64 | PAGSEGURO DIGITAL LTD | PAGS | 678,261 | $4.2M | 0.15% |
| 65 | BLOCK H & R INC | BSQKZ | 79,547 | $4.2M | 0.15% |
| 66 | ALPHA METALLURGICAL RESOUR I | 020764106 | 20,485 | $4.1M | 0.15% |
| 67 | STRIDE INC | LRN | 39,141 | $4.1M | 0.15% |
| 68 | ATKORE INC | ATKR | 48,660 | $4.1M | 0.15% |
| 69 | UNITED THERAPEUTICS CORP DEL | UTHR | 11,449 | $4.0M | 0.15% |
| 70 | NEXTRACKER INC | NXT | 108,230 | $4.0M | 0.14% |
| 71 | BEST BUY INC | BBY | 44,367 | $3.8M | 0.14% |
| 72 | EXELIXIS INC | EXEL | 110,757 | $3.7M | 0.13% |
| 73 | ACADEMY SPORTS & OUTDOORS IN | ASO | 63,888 | $3.7M | 0.13% |
| 74 | HERC HLDGS INC | HRI | 19,361 | $3.7M | 0.13% |
| 75 | GENERAL MTRS CO | 37045V100 | 60,515 | $3.2M | 0.12% |
| 76 | LENNAR CORP | LEN-B | 23,617 | $3.2M | 0.12% |
| 77 | PULTE GROUP INC | 745867101 | 29,132 | $3.2M | 0.11% |
| 78 | TAYLOR MORRISON HOME CORP | TMHC | 49,849 | $3.1M | 0.11% |
| 79 | EQUINOX GOLD CORP | EQX | 603,270 | $3.0M | 0.11% |
| 80 | NEW GOLD INC CDA | 644535106 | 1,200,000 | $3.0M | 0.11% |
| 81 | TOLL BROTHERS INC | TOL | 22,885 | $2.9M | 0.10% |
| 82 | KB HOME | KBH | 42,664 | $2.8M | 0.10% |
| 83 | BLUE BIRD CORP | BLBD | 72,229 | $2.8M | 0.10% |
| 84 | INTEGRA RES CORP | ITRG | 3,126,053 | $2.7M | 0.10% |
| 85 | HARMONY BIOSCIENCES HLDGS IN | HRMY | 75,501 | $2.6M | 0.09% |
| 86 | ANHEUSER BUSCH INBEV SA/NV | BUDFF | 45,000 | $2.3M | 0.08% |
| 87 | JPMORGAN CHASE & CO. | VYLD | 8,520 | $2.0M | 0.07% |
| 88 | CHEVRON CORP NEW | CVX | 11,000 | $1.6M | 0.06% |
| 89 | REVELYST INC | 690045109 | 65,944 | $1.3M | 0.05% |
| 90 | EAST WEST BANCORP INC | EWBC | 12,280 | $1.2M | 0.04% |
| 91 | COMCAST CORP NEW | CCZ | 28,698 | $1.1M | 0.04% |
| 92 | SCORPIO TANKERS INC | STNG | 19,353 | $961,651 | 0.03% |
| 93 | ARCOS DORADOS HOLDINGS INC | ARCO | 127,142 | $925,594 | 0.03% |
| 94 | ENDAVA PLC | DAVA | 25,317 | $782,295 | 0.03% |
| 95 | SM ENERGY CO | SM | 18,783 | $728,029 | 0.03% |
| 96 | GOLDMINING INC | GLDG | 901,996 | $721,608 | 0.03% |
| 97 | FOMENTO ECONOMICO MEXICANO S | 344419106 | 8,000 | $683,920 | 0.02% |
| 98 | CARTERS INC | CRI | 11,722 | $635,215 | 0.02% |
| 99 | STONECO LTD | STNE | 70,222 | $559,669 | 0.02% |
| 100 | SMURFIT WESTROCK PLC | SW | 8,300 | $447,038 | 0.02% |
| 101 | WELLS FARGO CO NEW | 949746101 | 5,000 | $351,200 | 0.01% |