Ruffer LLP 13F, Q4 2023
Ruffer LLP · quarter ending 31 December 2023 · filed 12 February 2024 · SEC CIK 1426859
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2023
The 25 largest of 67 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2023 filing.
| Company | Ticker | Value | % of book | vs Q3 2023 |
|---|---|---|---|---|
| NEWMONT CORP | NEM | $252.48M | 9.4% | +190% shares |
| ALIBABA GROUP HLDG LTD | BABA | $243.43M | 9.0% | +139% shares |
| BARRICK GOLD CORP | $173.73M | 6.5% | +198% shares | |
| TAIWAN SEMICONDUCTOR MFG LTD | TSM | $171.47M | 6.4% | +32% shares |
| PFIZER INC | PFE | $166.84M | 6.2% | +249% shares |
| AMBEV SA | ABEV | $144.49M | 5.4% | +12% shares |
| RYANAIR HOLDINGS PLC | RYAAY | $127.48M | 4.7% | -28% shares |
| KINROSS GOLD CORP | KGC | $120.91M | 4.5% | +5% shares |
| AMAZON COM INC | AMZN | $115.41M | 4.3% | -7% shares |
| THE CIGNA GROUP | CI | $113.98M | 4.2% | +4% shares |
| CITIGROUP INC | C | $85.35M | 3.2% | +95% shares |
| KENVUE INC | KVUE | $74.27M | 2.8% | +18% shares |
| COTY INC | COTY | $73.53M | 2.7% | unchanged |
| EAST WEST BANCORP INC | EWBC | $72.69M | 2.7% | +57% shares |
| JACKSON FINANCIAL INC | JXN | $60.28M | 2.2% | -16% shares |
| GENERAL MTRS CO | GM | $56.57M | 2.1% | +69% shares |
| CENTERRA GOLD INC | CGAU | $50.15M | 1.9% | unchanged |
| BANK AMERICA CORP | BAC | $45.72M | 1.7% | +37% shares |
| AGNICO EAGLE MINES LTD | AEM | $43.41M | 1.6% | +8% shares |
| GENERAL ELECTRIC CO | GE | $41.15M | 1.5% | unchanged |
| BP PLC | BP | $39.85M | 1.5% | +3531% shares |
| EXXON MOBIL CORP | XOM | $33.17M | 1.2% | unchanged |
| META PLATFORMS INC | META | $26.38M | 1.0% | -31% shares |
| GALIANO GOLD INC | GAU | $24.99M | 0.9% | unchanged |
| PNC FINL SVCS GROUP INC | PNC | $24.55M | 0.9% | unchanged |
What changed since Q3 2023
Against the Q3 2023 filing, Ruffer LLP opened 4 new positions, added to 22, trimmed 13, left 28 unchanged and exited 3. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001426859-24-000002, filed by Ruffer LLP. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.