Ruffer LLP 13F, Q2 2024
Ruffer LLP · quarter ending 30 June 2024 · filed 8 August 2024 · SEC CIK 1426859
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q2 2024
The 25 largest of 53 positions. Weights are against the whole filed book. Changes are in shares held, against the Q1 2024 filing.
| Company | Ticker | Value | % of book | vs Q1 2024 |
|---|---|---|---|---|
| NEWMONT CORP | NEM | $244.07M | 10.5% | -30% shares |
| CITIGROUP INC | C | $210.82M | 9.1% | +37% shares |
| THE CIGNA GROUP | CI | $187.14M | 8.0% | +44% shares |
| ALIBABA GROUP HLDG LTD | BABA | $167.52M | 7.2% | -16% shares |
| PFIZER INC | PFE | $160.32M | 6.9% | -3% shares |
| AMAZON COM INC | AMZN | $147.78M | 6.3% | +15% shares |
| BARRICK GOLD CORP | $147.14M | 6.3% | -27% shares | |
| KINROSS GOLD CORP | KGC | $107.32M | 4.6% | -42% shares |
| TAIWAN SEMICONDUCTOR MFG LTD | TSM | $102.72M | 4.4% | -45% shares |
| BANK AMERICA CORP | BAC | $93.88M | 4.0% | +6% shares |
| AMBEV SA | ABEV | $83.43M | 3.6% | -5% shares |
| RYANAIR HOLDINGS PLC | RYAAY | $75.23M | 3.2% | -7% shares |
| AGNC INVT CORP | AGNC | $67.19M | 2.9% | +465% shares |
| COTY INC | COTY | $62.05M | 2.7% | +13% shares |
| BP PLC | BP | $50.02M | 2.1% | +34% shares |
| CENTERRA GOLD INC | CGAU | $49.95M | 2.1% | -16% shares |
| GE AEROSPACE | GE | $31.15M | 1.3% | -11% shares |
| SUNCOR ENERGY INC NEW | SU | $29.97M | 1.3% | +7% shares |
| GALIANO GOLD INC | GAU | $29.74M | 1.3% | -29% shares |
| EXXON MOBIL CORP | XOM | $29.67M | 1.3% | +6% shares |
| PHILIP MORRIS INTL INC | PM | $24.58M | 1.1% | +108% shares |
| M & T BK CORP | MTB | $23.07M | 1.0% | -4% shares |
| PAN AMERN SILVER CORP | PAAS | $22.42M | 1.0% | -26% shares |
| PNC FINL SVCS GROUP INC | PNC | $20.69M | 0.9% | +19% shares |
| AGNICO EAGLE MINES LTD | AEM | $19.89M | 0.8% | -50% shares |
What changed since Q1 2024
Against the Q1 2024 filing, Ruffer LLP opened 2 new positions, added to 13, trimmed 31, left 7 unchanged and exited 9. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Exited
- HESS CORPwas $32.24M
- JXNwas $31.85M
- CAPRI HOLDINGS LIMITEDwas $22.21M
- GRFSwas $5.68M
- GMwas $4.38M
- JAZZ PHARMACEUTICALS PLCwas $926.9K
- DRIL-QUIP INCwas $450.3K
- STAR BULK CARRIERS CORP.was $262.5K
and 1 more
Other quarters
Source: SEC Form 13F-HR, accession 0001426859-24-000007, 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.