13F HOLDINGS REPORT
Ruffer LLP
Quarter ended Q1 2025 · Filed May 9, 2025 · Accession 0001426859-25-000005
Total Value
$2.60B
Positions
94
Other Managers
0
Confidential Omitted
No
Holdings (94)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | NEWMONT CORP | NEMCL | 6,596,949 | $318.5M | 12.26% |
| 2 | AMAZON COM INC | AMZN | 1,305,979 | $248.5M | 9.57% |
| 3 | CITIGROUP INC | C-PR | 3,286,401 | $233.3M | 8.98% |
| 4 | BARRICK GOLD CORP | 067901108 | 10,426,795 | $202.7M | 7.80% |
| 5 | ALIBABA GROUP HLDG LTD | BBAAY | 1,210,409 | $160.1M | 6.16% |
| 6 | BANK AMERICA CORP | 060505104 | 2,214,789 | $92.4M | 3.56% |
| 7 | BP PLC | BPPFF | 2,439,040 | $82.4M | 3.17% |
| 8 | THE CIGNA GROUP | 125523100 | 192,000 | $63.2M | 2.43% |
| 9 | RYANAIR HOLDINGS PLC | RYAOF | 1,322,779 | $56.0M | 2.16% |
| 10 | PFIZER INC | PFE | 2,192,298 | $55.6M | 2.14% |
| 11 | DEERE & CO | DE | 112,511 | $52.8M | 2.03% |
| 12 | ARCHER DANIELS MIDLAND CO | ADM | 1,008,738 | $48.4M | 1.86% |
| 13 | KINROSS GOLD CORP | KGCRF | 3,613,816 | $45.6M | 1.75% |
| 14 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 272,911 | $45.3M | 1.74% |
| 15 | CENTERRA GOLD INC | CGAU | 7,089,239 | $45.0M | 1.73% |
| 16 | UNITED STATES STL CORP NEW | UNTCW | 1,046,043 | $44.2M | 1.70% |
| 17 | CORTEVA INC | CTVA | 629,548 | $39.6M | 1.53% |
| 18 | SUNCOR ENERGY INC NEW | SU | 973,447 | $37.7M | 1.45% |
| 19 | NUTRIEN LTD | NTR | 753,298 | $37.4M | 1.44% |
| 20 | MOSAIC CO NEW | MOS | 1,381,628 | $37.3M | 1.44% |
| 21 | CF INDS HLDGS INC | 125269100 | 454,018 | $35.5M | 1.37% |
| 22 | EXXON MOBIL CORP | XOM | 245,930 | $29.2M | 1.13% |
| 23 | ARIS MNG CORP | 04040Y109 | 5,666,748 | $26.2M | 1.01% |
| 24 | PAN AMERN SILVER CORP | 697900108 | 980,044 | $25.3M | 0.97% |
| 25 | GALIANO GOLD INC | GAU | 18,943,252 | $23.3M | 0.90% |
| 26 | WHEATON PRECIOUS METALS CORP | WPM | 289,744 | $22.5M | 0.87% |
| 27 | COSTAR GROUP INC | CSGP | 270,412 | $21.4M | 0.82% |
| 28 | GE AEROSPACE | 369604301 | 99,615 | $19.9M | 0.77% |
| 29 | COEUR MNG INC | 192108504 | 2,985,354 | $17.7M | 0.68% |
| 30 | PHILIP MORRIS INTL INC | 718172109 | 109,997 | $17.5M | 0.67% |
| 31 | ELDORADO GOLD CORP NEW | 284902509 | 992,097 | $16.7M | 0.64% |
| 32 | AGNC INVT CORP | 00123Q104 | 1,685,570 | $16.1M | 0.62% |
| 33 | SKEENA RES LTD NEW | 83056P715 | 1,534,883 | $15.5M | 0.60% |
| 34 | PNC FINL SVCS GROUP INC | 693475105 | 87,537 | $15.4M | 0.59% |
| 35 | CHEESECAKE FACTORY INC | CAKE | 313,046 | $15.2M | 0.59% |
| 36 | FOX CORP | FOX | 264,235 | $15.0M | 0.58% |
| 37 | B2GOLD CORP | BTG | 4,663,540 | $13.3M | 0.51% |
| 38 | COTY INC | COTY | 2,405,843 | $13.2M | 0.51% |
| 39 | FIDELITY NATL INFORMATION SV | 31620M106 | 167,077 | $12.5M | 0.48% |
| 40 | PILGRIMS PRIDE CORP | PPC | 228,365 | $12.4M | 0.48% |
| 41 | EQUINOX GOLD CORP | EQX | 1,776,730 | $12.2M | 0.47% |
| 42 | NEW GOLD INC CDA | 644535106 | 3,203,070 | $11.9M | 0.46% |
| 43 | MOLSON COORS BEVERAGE CO | TAP-A | 188,711 | $11.5M | 0.44% |
| 44 | TD SYNNEX CORPORATION | SNX | 100,345 | $10.4M | 0.40% |
| 45 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 19,480 | $10.4M | 0.40% |
| 46 | HEWLETT PACKARD ENTERPRISE C | HPE-PC | 665,491 | $10.3M | 0.40% |
| 47 | AGNICO EAGLE MINES LTD | AEM | 90,897 | $9.9M | 0.38% |
| 48 | CHENIERE ENERGY INC | LNG | 41,799 | $9.7M | 0.37% |
| 49 | MAXIMUS INC | MMS | 141,566 | $9.7M | 0.37% |
| 50 | SANDSTORM GOLD LTD | 80013R206 | 1,102,950 | $8.3M | 0.32% |
| 51 | MERCK & CO INC | MRK | 90,727 | $8.1M | 0.31% |
| 52 | CACI INTL INC | 127190304 | 21,658 | $7.9M | 0.31% |
| 53 | COTERRA ENERGY INC | CTRA | 235,701 | $6.8M | 0.26% |
| 54 | KORN FERRY | KFY | 99,283 | $6.7M | 0.26% |
| 55 | MAGNOLIA OIL & GAS CORP | MGY | 260,373 | $6.6M | 0.25% |
| 56 | ENERSYS | ENS | 64,334 | $5.9M | 0.23% |
| 57 | BLOCK H & R INC | BSQKZ | 98,621 | $5.4M | 0.21% |
| 58 | MATTEL INC | MAT | 275,609 | $5.4M | 0.21% |
| 59 | CHAMPIONX CORPORATION | 15872M104 | 178,819 | $5.3M | 0.21% |
| 60 | BORGWARNER INC | BWA | 178,152 | $5.1M | 0.20% |
| 61 | OWENS CORNING NEW | OC | 34,864 | $5.0M | 0.19% |
| 62 | PERMIAN RESOURCES CORP | PR | 358,620 | $5.0M | 0.19% |
| 63 | INCYTE CORP | INCY | 79,313 | $4.8M | 0.18% |
| 64 | DORMAN PRODS INC | 258278100 | 39,556 | $4.8M | 0.18% |
| 65 | EXELIXIS INC | EXEL | 120,204 | $4.4M | 0.17% |
| 66 | UNITED THERAPEUTICS CORP DEL | UTHR | 14,374 | $4.4M | 0.17% |
| 67 | PULTE GROUP INC | 745867101 | 42,245 | $4.3M | 0.17% |
| 68 | GENERAL MTRS CO | 37045V100 | 91,281 | $4.3M | 0.17% |
| 69 | PATTERSON-UTI ENERGY INC | PTEN | 520,448 | $4.3M | 0.16% |
| 70 | TAYLOR MORRISON HOME CORP | TMHC | 71,069 | $4.3M | 0.16% |
| 71 | TOLL BROTHERS INC | TOL | 39,769 | $4.2M | 0.16% |
| 72 | INTEGRA RES CORP | ITRG | 3,238,353 | $4.0M | 0.16% |
| 73 | KB HOME | KBH | 64,544 | $3.8M | 0.14% |
| 74 | ACADEMY SPORTS & OUTDOORS IN | ASO | 76,637 | $3.5M | 0.13% |
| 75 | HALOZYME THERAPEUTICS INC | HALO | 50,414 | $3.2M | 0.12% |
| 76 | AVNET INC | AVT | 65,133 | $3.1M | 0.12% |
| 77 | BROOKFIELD CORP | 11271J107 | 56,500 | $3.0M | 0.11% |
| 78 | POWELL INDS INC | 739128106 | 16,809 | $2.9M | 0.11% |
| 79 | CROCS INC | CROX | 26,406 | $2.8M | 0.11% |
| 80 | GRIFFON CORP | GFF | 39,054 | $2.8M | 0.11% |
| 81 | ANHEUSER BUSCH INBEV SA/NV | BUDFF | 45,000 | $2.8M | 0.11% |
| 82 | BLUE BIRD CORP | BLBD | 79,018 | $2.6M | 0.10% |
| 83 | ENDAVA PLC | DAVA | 130,317 | $2.5M | 0.10% |
| 84 | TENARIS S A | 88031M109 | 59,349 | $2.3M | 0.09% |
| 85 | M & T BK CORP | 55261F104 | 12,550 | $2.2M | 0.09% |
| 86 | ABERCROMBIE & FITCH CO | ANF | 26,830 | $2.0M | 0.08% |
| 87 | CHEVRON CORP NEW | CVX | 11,000 | $1.8M | 0.07% |
| 88 | JPMORGAN CHASE & CO. | VYLD | 7,000 | $1.7M | 0.07% |
| 89 | EAST WEST BANCORP INC | EWBC | 11,200 | $1.0M | 0.04% |
| 90 | FOMENTO ECONOMICO MEXICANO S | 344419106 | 8,000 | $780,640 | 0.03% |
| 91 | GOLDMINING INC | GLDG | 901,996 | $752,388 | 0.03% |
| 92 | WELLS FARGO CO NEW | 949746101 | 5,000 | $358,950 | 0.01% |
| 93 | OSHKOSH CORP | OSK | 2,759 | $259,567 | 0.01% |
| 94 | FLUOR CORP NEW | FLR | 6,577 | $235,588 | 0.01% |