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Asset Manager ← All Institutions

Ruffer LLP

Q2 2025 · Filed 2025-07-16
Market Value
$1.8B
-24.5%
Holdings
118
-3
New Purchases
26
Added To
23
Closed
25
Reduced
35
Top 10 Concentration
54.5%
Turnover
43.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BAC 7.56% 3.87% +3.70% $136M
GOOGL 3.29% 0.00% +3.29% $59M
NEM 16.14% 13.32% +2.82% $291M
EQX 2.40% 0.51% +1.89% $43M
IQV 1.82% 0.00% +1.82% $33M
ALC 1.51% 0.00% +1.51% $27M
CDE 1.79% 0.74% +1.05% $32M
CGAU 2.86% 1.88% +0.98% $52M
0I3I.L 0.98% 0.00% +0.98% $18M
ARIS 1.96% 1.10% +0.86% $35M
PNC 1.35% 0.64% +0.71% $24M
SKE.TO 1.33% 0.65% +0.69% $24M
ARW 0.68% 0.00% +0.68% $12M
IPG 0.67% 0.00% +0.67% $12M
RYAAY 2.98% 2.34% +0.63% $54M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
C 4.47% 9.76% -5.28% $81M
BABA 2.15% 6.69% -4.54% $39M
CI 0.00% 2.64% -2.64% $0
DE 0.00% 2.21% -2.21% $0
X 0.00% 1.85% -1.85% $0
ADM 0.27% 2.03% -1.75% $5M
CTVA 0.00% 1.66% -1.66% $0
NTR 0.00% 1.56% -1.56% $0
MOS 0.00% 1.56% -1.56% $0
AMZN 8.88% 10.39% -1.51% $160M
CF 0.00% 1.48% -1.48% $0
KGC 0.81% 1.91% -1.09% $15M
CSGP 0.00% 0.90% -0.90% $0
AGNCZ 0.00% 0.68% -0.68% $0
COTY 0.00% 0.55% -0.55% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 14 $592M 32.8%
Large Cap 53 $817M 45.3%
Mid Cap 45 $364M 20.2%
Small Cap 4 $28M 1.5%
Micro Cap 2 $4M 0.2%

Portfolio Analytics

Avg Market Cap
$145.6B
Median Market Cap
$12.9B
Avg P/E
21.7
Median P/E
15.7
Avg Dividend Yield
0.02%
Avg Beta
1.00
# Stocks
118
# ETFs / Funds
0

Top Holdings (118 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NEM 16.14% 4,999,932 $291M $58.26 -$27M -1,597,017 -24.2%
2 AMZN 8.88% 730,465 $160M $219.39 -$88M -575,514 -44.1%
3 BAC 7.56% 2,883,749 $136M $47.32 $44M +668,960 +30.2%
4 C 4.47% 948,652 $81M $85.12 -$153M -2,337,749 -71.1%
5 BP 3.81% 2,294,330 $69M $29.93 -$14M -144,710 -5.9%
6 GOOGL 3.29% 336,846 $59M $176.23 +336,846 NEW
7 RYAAY 2.98% 931,799 $54M $57.67 -$2M -390,980 -29.6%
8 CGAU 2.86% 7,153,309 $52M $7.21 $7M +64,070 +0.9%
9 EQX 2.40% 7,499,601 $43M $5.77 $31M +5,722,871 +322.1%
10 BABA 2.15% 342,672 $39M $113.41 -$121M -867,737 -71.7%
11 ARIS 1.96% 5,239,248 $35M $6.74 $9M -427,500 -7.5%
12 SU 1.93% 929,257 $35M $37.50 -$3M -44,190 -4.5%
13 PFE 1.88% 1,399,513 $34M $24.24 -$22M -792,785 -36.2%
14 IQV 1.82% 207,887 $33M $157.58 +207,887 NEW
15 CDE 1.79% 3,644,401 $32M $8.86 $15M +659,047 +22.1%
16 XOM 1.65% 276,717 $30M $107.80 $580K +30,787 +12.5%
17 TSM 1.64% 130,711 $30M $226.49 -$16M -142,200 -52.1%
18 ALC 1.51% 308,649 $27M $88.56 +308,649 NEW
19 PAAS 1.44% 913,329 $26M $28.40 $624K -66,715 -6.8%
20 PNC 1.35% 130,619 $24M $186.42 $9M +43,082 +49.2%
21 GAU 1.34% 18,943,252 $24M $1.27 $786K
22 SKE.TO 1.33% 1,511,655 $24M $15.92 $9M -23,228 -1.5%
23 GE 1.31% 92,175 $24M $257.38 $4M -7,440 -7.5%
24 EGO 1.23% 1,093,553 $22M $20.34 $6M +101,456 +10.2%
25 CAKE 1.03% 297,629 $19M $62.66 $3M -15,417 -4.9%
26 0I3I.L 0.98% 247,662 $18M $71.16 +247,662 NEW
27 PM 0.95% 94,109 $17M $182.13 -$320K -15,888 -14.4%
28 WPM 0.94% 189,484 $17M $89.80 -$5M -100,260 -34.6%
29 KGC 0.81% 940,837 $15M $15.63 -$31M -2,672,979 -74.0%
30 FOXA 0.72% 230,258 $13M $56.04 -$2M -33,977 -12.9%
31 ARW 0.68% 96,253 $12M $127.43 +96,253 NEW
32 BTG 0.68% 3,395,988 $12M $3.61 -$1M -1,267,552 -27.2%
33 IPG 0.67% 497,484 $12M $24.48 +497,484 NEW
34 SNX 0.65% 85,976 $12M $135.70 $1M -14,369 -14.3%
35 GEN 0.58% 357,900 $11M $29.40 +357,900 NEW
36 PPC 0.56% 226,137 $10M $44.98 -$2M -2,228 -1.0%
37 OVV 0.54% 256,076 $10M $38.05 +256,076 NEW
38 HPE 0.50% 440,760 $9M $20.45 -$1M -224,731 -33.8%
39 CHX 0.49% 359,032 $9M $24.84 $4M +180,213 +100.8%
40 MTCH 0.49% 285,867 $9M $30.89 +285,867 NEW
41 TAP 0.49% 183,014 $9M $48.09 -$3M -5,697 -3.0%
42 NE 0.42% 285,719 $8M $26.55 +285,719 NEW
43 MMS 0.41% 104,359 $7M $70.20 -$2M -37,207 -26.3%
44 MRK 0.40% 90,932 $7M $79.16 -$945K +205 +0.2%
45 BWA 0.40% 213,507 $7M $33.48 $2M +35,355 +19.9%
46 HRB 0.38% 125,597 $7M $54.89 $1M +26,976 +27.4%
47 ACMR 0.38% 264,706 $7M $25.90 +264,706 NEW
48 DORM 0.38% 55,616 $7M $122.67 $2M +16,060 +40.6%
49 TOL 0.37% 58,679 $7M $114.13 $2M +18,910 +47.5%
50 PHM 0.37% 62,701 $7M $105.46 $2M +20,456 +48.4%
51 G 0.36% 147,560 $6M $44.01 +147,560 NEW
52 BYD 0.36% 82,717 $6M $78.23 +82,717 NEW
53 RPRX 0.36% 177,931 $6M $36.03 +177,931 NEW
54 TMHC 0.35% 101,520 $6M $61.42 $2M +30,451 +42.9%
55 CPA 0.34% 56,488 $6M $109.97 +56,488 NEW
56 NGD 0.33% 1,200,134 $6M $4.95 -$6M -2,002,936 -62.5%
57 KBH 0.32% 107,751 $6M $52.97 $2M +43,207 +66.9%
58 ENS 0.31% 65,344 $6M $85.77 -$287K +1,010 +1.6%
59 MLI 0.31% 70,076 $6M $79.47 +70,076 NEW
60 GILD 0.28% 45,097 $5M $110.87 +45,097 NEW
61 ADM 0.27% 93,910 $5M $52.78 -$43M -914,828 -90.7%
62 REVG 0.27% 102,398 $5M $47.59 +102,398 NEW
63 INCY 0.26% 69,325 $5M $68.10 -$81K -9,988 -12.6%
64 BRK-B 0.24% 9,000 $4M $485.77 -$6M -10,480 -53.8%
65 OSK 0.22% 34,886 $4M $113.54 $4M +32,127 +1164.4%
66 OC 0.22% 28,564 $4M $137.52 -$1M -6,300 -18.1%
67 POWL 0.20% 17,271 $4M $210.43 $771K +462 +2.8%
68 BN 0.19% 56,500 $3M $61.85 $533K
69 MATX 0.19% 30,740 $3M $111.35 +30,740 NEW
70 EXEL 0.19% 76,310 $3M $44.07 -$1M -43,894 -36.5%
71 DAVA 0.18% 209,187 $3M $15.32 $662K +78,870 +60.5%
72 UTHR 0.17% 10,763 $3M $287.35 -$1M -3,611 -25.1%
73 BUD 0.17% 45,000 $3M $68.72 $322K
74 GFF 0.17% 41,320 $3M $72.37 $198K +2,266 +5.8%
75 HRMY 0.15% 86,211 $3M $31.60 +86,211 NEW
76 AEM 0.15% 22,679 $3M $118.93 -$7M -68,218 -75.0%
77 CMCSA 0.15% 74,875 $3M $35.69 +74,875 NEW
78 MTB 0.14% 13,020 $3M $193.99 $282K +470 +3.8%
79 HALO 0.13% 43,428 $2M $52.02 -$958K -6,986 -13.9%
80 TS 0.12% 59,349 $2M $37.40 -$101K
81 JPM 0.11% 7,000 $2M $289.91 $312K
82 SAND 0.11% 210,090 $2M $9.40 -$6M -892,860 -81.0%
83 IAG 0.11% 258,300 $2M $7.35 +258,300 NEW
84 NG 0.10% 423,670 $2M $4.09 +423,670 NEW
85 ACLS 0.10% 24,731 $2M $69.69 +24,731 NEW
86 CVX 0.09% 11,000 $2M $143.19 -$265K
87 BBY 0.08% 20,407 $1M $67.13 +20,407 NEW
88 ARCO 0.06% 127,142 $1M $7.89 +127,142 NEW
89 FLR 0.05% 18,590 $953K $51.27 $718K +12,013 +182.7%
90 FMX 0.05% 8,000 $824K $102.98 $43K
91 GLDG 0.04% 901,996 $650K $0.72 -$103K
92 WFC 0.02% 5,000 $401K $80.12 $42K
93 EWBC 0.02% 3,890 $393K $100.98 -$612K -7,310 -65.3%
94 PTEN —% -$4M -520,448 -100.0% SOLD
95 ANF —% -$2M -26,830 -100.0% SOLD
96 AGNCZ —% -$16M -1,685,570 -100.0% SOLD
97 MAT —% -$5M -275,609 -100.0% SOLD
98 BLBD —% -$3M -79,018 -100.0% SOLD
99 CROX —% -$3M -26,406 -100.0% SOLD
100 CSGP —% -$21M -270,412 -100.0% SOLD

New Positions

SymbolValue% Port
GOOGL $59M 3.29%
IQV $33M 1.82%
ALC $27M 1.51%
0I3I.L $18M 0.98%
ARW $12M 0.68%
IPG $12M 0.67%
GEN $11M 0.58%
OVV $10M 0.54%
MTCH $9M 0.49%
NE $8M 0.42%
ACMR $7M 0.38%
G $6M 0.36%
BYD $6M 0.36%
RPRX $6M 0.36%
CPA $6M 0.34%

Sold Out Positions

SymbolValue% Port
NTR —%
COTY —%
GM —%
MGY —%
DE —%
ANF —%
CF —%
CACI —%
CTVA —%
CI —%
PR —%
MOS —%
LNG —%
KFY —%
BLBD —%
View SEC EDGAR Filings for Ruffer LLP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms