Q1 2025 · 13F-HR
Ruffer LLPholdings as filed
Filed 2025-05-09 · accession 0001426859-25-000005
$2.60B
Reported value
94
Positions
2025-03-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 651639106 | NEM | NEWMONT CORP | $318.5M | 12.3% | 6,596,949 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $248.5M | 9.57% | 1,305,979 | Common | SOLE |
| 172967424 | C | CITIGROUP INC | $233.3M | 8.98% | 3,286,401 | Common | SOLE |
| 067901108 | ABX | BARRICK GOLD CORP | $202.7M | 7.80% | 10,426,795 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $160.1M | 6.16% | 1,210,409 | Common | SOLE |
| 060505104 | BAC | BANK AMERICA CORP | $92.4M | 3.56% | 2,214,789 | Common | SOLE |
| 055622104 | BP | BP PLC | $82.4M | 3.17% | 2,439,040 | Common | SOLE |
| 125523100 | CI | THE CIGNA GROUP | $63.2M | 2.43% | 192,000 | Common | SOLE |
| 783513203 | RYAAY | RYANAIR HOLDINGS PLC | $56.0M | 2.16% | 1,322,779 | Common | SOLE |
| 717081103 | PFE | PFIZER INC | $55.6M | 2.14% | 2,192,298 | Common | SOLE |
| 244199105 | DE | DEERE & CO | $52.8M | 2.03% | 112,511 | Common | SOLE |
| 039483102 | ADM | ARCHER DANIELS MIDLAND CO | $48.4M | 1.86% | 1,008,738 | Common | SOLE |
| 496902404 | KGC | KINROSS GOLD CORP | $45.6M | 1.75% | 3,613,816 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $45.3M | 1.74% | 272,911 | Common | SOLE |
| 152006102 | CGAU | CENTERRA GOLD INC | $45.0M | 1.73% | 7,089,239 | Common | SOLE |
| 912909108 | USX1 | UNITED STATES STL CORP NEW | $44.2M | 1.70% | 1,046,043 | Common | SOLE |
| 22052L104 | CTVA | CORTEVA INC | $39.6M | 1.53% | 629,548 | Common | SOLE |
| 867224107 | SU | SUNCOR ENERGY INC NEW | $37.7M | 1.45% | 973,447 | Common | SOLE |
| 67077M108 | NTR | NUTRIEN LTD | $37.4M | 1.44% | 753,298 | Common | SOLE |
| 61945C103 | MOS | MOSAIC CO NEW | $37.3M | 1.44% | 1,381,628 | Common | SOLE |
| 125269100 | CF | CF INDS HLDGS INC | $35.5M | 1.37% | 454,018 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $29.2M | 1.13% | 245,930 | Common | SOLE |
| 04040Y109 | ARIS | ARIS MNG CORP | $26.2M | 1.01% | 5,666,748 | Common | SOLE |
| 697900108 | PAAS | PAN AMERN SILVER CORP | $25.3M | 0.97% | 980,044 | Common | SOLE |
| 36352H100 | GAU | GALIANO GOLD INC | $23.3M | 0.90% | 18,943,252 | Common | SOLE |
| 962879102 | WPM | WHEATON PRECIOUS METALS CORP | $22.5M | 0.87% | 289,744 | Common | SOLE |
| 22160N109 | CSGP | COSTAR GROUP INC | $21.4M | 0.82% | 270,412 | Common | SOLE |
| 369604301 | GE | GE AEROSPACE | $19.9M | 0.77% | 99,615 | Common | SOLE |
| 192108504 | CDE | COEUR MNG INC | $17.7M | 0.68% | 2,985,354 | Common | SOLE |
| 718172109 | PM | PHILIP MORRIS INTL INC | $17.5M | 0.67% | 109,997 | Common | SOLE |
| 284902509 | EGO | ELDORADO GOLD CORP NEW | $16.7M | 0.64% | 992,097 | Common | SOLE |
| 00123Q104 | AGNC | AGNC INVT CORP | $16.1M | 0.62% | 1,685,570 | Common | SOLE |
| 83056P715 | SKE | SKEENA RES LTD NEW | $15.5M | 0.60% | 1,534,883 | Common | SOLE |
| 693475105 | PNC | PNC FINL SVCS GROUP INC | $15.4M | 0.59% | 87,537 | Common | SOLE |
| 163072101 | CAKE | CHEESECAKE FACTORY INC | $15.2M | 0.59% | 313,046 | Common | SOLE |
| 35137L105 | FOXA | FOX CORP | $15.0M | 0.58% | 264,235 | Common | SOLE |
| 11777Q209 | BTG | B2GOLD CORP | $13.3M | 0.51% | 4,663,540 | Common | SOLE |
| 222070203 | COTY | COTY INC | $13.2M | 0.51% | 2,405,843 | Common | SOLE |
| 31620M106 | FIS | FIDELITY NATL INFORMATION SV | $12.5M | 0.48% | 167,077 | Common | SOLE |
| 72147K108 | PPC | PILGRIMS PRIDE CORP | $12.4M | 0.48% | 228,365 | Common | SOLE |
| 29446Y502 | EQX | EQUINOX GOLD CORP | $12.2M | 0.47% | 1,776,730 | Common | SOLE |
| 644535106 | NGDN | NEW GOLD INC CDA | $11.9M | 0.46% | 3,203,070 | Common | SOLE |
| 60871R209 | TAP | MOLSON COORS BEVERAGE CO | $11.5M | 0.44% | 188,711 | Common | SOLE |
| 87162W100 | SNX | TD SYNNEX CORPORATION | $10.4M | 0.40% | 100,345 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $10.4M | 0.40% | 19,480 | Common | SOLE |
| 42824C109 | HPE | HEWLETT PACKARD ENTERPRISE C | $10.3M | 0.40% | 665,491 | Common | SOLE |
| 008474108 | AEM | AGNICO EAGLE MINES LTD | $9.9M | 0.38% | 90,897 | Common | SOLE |
| 16411R208 | LNG | CHENIERE ENERGY INC | $9.7M | 0.37% | 41,799 | Common | SOLE |
| 577933104 | MMS | MAXIMUS INC | $9.7M | 0.37% | 141,566 | Common | SOLE |
| 80013R206 | AYS1 | SANDSTORM GOLD LTD | $8.3M | 0.32% | 1,102,950 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO INC | $8.1M | 0.31% | 90,727 | Common | SOLE |
| 127190304 | CACI | CACI INTL INC | $7.9M | 0.31% | 21,658 | Common | SOLE |
| 127097103 | CTRA | COTERRA ENERGY INC | $6.8M | 0.26% | 235,701 | Common | SOLE |
| 500643200 | KFY | KORN FERRY | $6.7M | 0.26% | 99,283 | Common | SOLE |
| 559663109 | MGY | MAGNOLIA OIL & GAS CORP | $6.6M | 0.25% | 260,373 | Common | SOLE |
| 29275Y102 | ENS | ENERSYS | $5.9M | 0.23% | 64,334 | Common | SOLE |
| 093671105 | HRB | BLOCK H & R INC | $5.4M | 0.21% | 98,621 | Common | SOLE |
| 577081102 | MAT | MATTEL INC | $5.4M | 0.21% | 275,609 | Common | SOLE |
| 15872M104 | APY1EUR | CHAMPIONX CORPORATION | $5.3M | 0.21% | 178,819 | Common | SOLE |
| 099724106 | BWA | BORGWARNER INC | $5.1M | 0.20% | 178,152 | Common | SOLE |
| 690742101 | OC | OWENS CORNING NEW | $5.0M | 0.19% | 34,864 | Common | SOLE |
| 71424F105 | PR | PERMIAN RESOURCES CORP | $5.0M | 0.19% | 358,620 | Common | SOLE |
| 45337C102 | INCY | INCYTE CORP | $4.8M | 0.18% | 79,313 | Common | SOLE |
| 258278100 | DORM | DORMAN PRODS INC | $4.8M | 0.18% | 39,556 | Common | SOLE |
| 30161Q104 | EXEL | EXELIXIS INC | $4.4M | 0.17% | 120,204 | Common | SOLE |
| 91307C102 | UTHR | UNITED THERAPEUTICS CORP DEL | $4.4M | 0.17% | 14,374 | Common | SOLE |
| 745867101 | PHM | PULTE GROUP INC | $4.3M | 0.17% | 42,245 | Common | SOLE |
| 37045V100 | GM | GENERAL MTRS CO | $4.3M | 0.17% | 91,281 | Common | SOLE |
| 703481101 | PTEN | PATTERSON-UTI ENERGY INC | $4.3M | 0.16% | 520,448 | Common | SOLE |
| 87724P106 | TMHC | TAYLOR MORRISON HOME CORP | $4.3M | 0.16% | 71,069 | Common | SOLE |
| 889478103 | TOL | TOLL BROTHERS INC | $4.2M | 0.16% | 39,769 | Common | SOLE |
| 45826T509 | ITRG | INTEGRA RES CORP | $4.0M | 0.16% | 3,238,353 | Common | SOLE |
| 48666K109 | KBH | KB HOME | $3.8M | 0.14% | 64,544 | Common | SOLE |
| 00402L107 | ASO | ACADEMY SPORTS & OUTDOORS IN | $3.5M | 0.13% | 76,637 | Common | SOLE |
| 40637H109 | HALO | HALOZYME THERAPEUTICS INC | $3.2M | 0.12% | 50,414 | Common | SOLE |
| 053807103 | AVT | AVNET INC | $3.1M | 0.12% | 65,133 | Common | SOLE |
| 11271J107 | BN | BROOKFIELD CORP | $3.0M | 0.11% | 56,500 | Common | SOLE |
| 739128106 | POWL | POWELL INDS INC | $2.9M | 0.11% | 16,809 | Common | SOLE |
| 227046109 | CROX | CROCS INC | $2.8M | 0.11% | 26,406 | Common | SOLE |
| 398433102 | GFF | GRIFFON CORP | $2.8M | 0.11% | 39,054 | Common | SOLE |
| 03524A108 | BUD | ANHEUSER BUSCH INBEV SA/NV | $2.8M | 0.11% | 45,000 | Common | SOLE |
| 095306106 | BLBD | BLUE BIRD CORP | $2.6M | 0.10% | 79,018 | Common | SOLE |
| 29260V105 | DAVA | ENDAVA PLC | $2.5M | 0.10% | 130,317 | Common | SOLE |
| 88031M109 | TS | TENARIS S A | $2.3M | 0.09% | 59,349 | Common | SOLE |
| 55261F104 | MTB | M & T BK CORP | $2.2M | 0.09% | 12,550 | Common | SOLE |
| 002896207 | ANF | ABERCROMBIE & FITCH CO | $2.0M | 0.08% | 26,830 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORP NEW | $1.8M | 0.07% | 11,000 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $1.7M | 0.07% | 7,000 | Common | SOLE |
| 27579R104 | EWBC | EAST WEST BANCORP INC | $1.0M | 0.04% | 11,200 | Common | SOLE |
| 344419106 | FMX | FOMENTO ECONOMICO MEXICANO S | $780,640 | 0.03% | 8,000 | Common | SOLE |
| 38149E101 | GLDG | GOLDMINING INC | $752,388 | 0.03% | 901,996 | Common | SOLE |
| 949746101 | WMT2 | WELLS FARGO CO NEW | $358,950 | 0.01% | 5,000 | Common | SOLE |
| 688239201 | OSK | OSHKOSH CORP | $259,567 | 0.01% | 2,759 | Common | SOLE |
| 343412102 | FLR | FLUOR CORP NEW | $235,588 | 0.01% | 6,577 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.