Ruffer LLP 13F, Q4 2024
Ruffer LLP · quarter ending 31 December 2024 · filed 7 February 2025 · SEC CIK 1426859
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2024
The 25 largest of 101 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2024 filing.
| Company | Ticker | Value | % of book | vs Q3 2024 |
|---|---|---|---|---|
| NEWMONT CORP | NEM | $263.71M | 9.5% | +20% shares |
| CITIGROUP INC | C | $246.50M | 8.9% | +4% shares |
| AMAZON COM INC | AMZN | $190.47M | 6.9% | +9% shares |
| THE CIGNA GROUP | CI | $165.98M | 6.0% | unchanged |
| BARRICK GOLD CORP | $159.18M | 5.8% | +15% shares | |
| ALIBABA GROUP HLDG LTD | BABA | $136.46M | 4.9% | -39% shares |
| BANK AMERICA CORP | BAC | $119.87M | 4.3% | +4% shares |
| PFIZER INC | PFE | $111.60M | 4.0% | -36% shares |
| DEERE & CO | DE | $78.83M | 2.9% | +2% shares |
| KINROSS GOLD CORP | KGC | $68.86M | 2.5% | -31% shares |
| TAIWAN SEMICONDUCTOR MFG LTD | TSM | $65.17M | 2.4% | -24% shares |
| RYANAIR HOLDINGS PLC | RYAAY | $63.56M | 2.3% | +40% shares |
| BP PLC | BP | $63.18M | 2.3% | -8% shares |
| AGNC INVT CORP | AGNC | $58.94M | 2.1% | -10% shares |
| ARCHER DANIELS MIDLAND CO | ADM | $58.58M | 2.1% | -12% shares |
| CF INDS HLDGS INC | CF | $48.33M | 1.8% | -13% shares |
| AMBEV SA | ABEV | $47.69M | 1.7% | -47% shares |
| CORTEVA INC | CTVA | $44.77M | 1.6% | -13% shares |
| NUTRIEN LTD | NTR | $43.98M | 1.6% | -13% shares |
| MOSAIC CO NEW | MOS | $41.38M | 1.5% | -14% shares |
| CENTERRA GOLD INC | CGAU | $40.64M | 1.5% | unchanged |
| PHILIP MORRIS INTL INC | PM | $40.34M | 1.5% | +10% shares |
| ANGLOGOLD ASHANTI PLC | $38.17M | 1.4% | +57% shares | |
| SUNCOR ENERGY INC NEW | SU | $33.61M | 1.2% | +20% shares |
| EXXON MOBIL CORP | XOM | $31.15M | 1.1% | -5% shares |
What changed since Q3 2024
Against the Q3 2024 filing, Ruffer LLP opened 48 new positions, added to 19, trimmed 27, left 7 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 0001426859-25-000002, 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.