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Asset Manager ← All Institutions

Ruffer LLP

Q3 2025 · Filed 2025-11-03
Market Value
$1.7B
-5.4%
Holdings
126
+8
New Purchases
33
Added To
18
Closed
29
Reduced
37
Top 10 Concentration
49.0%
Turnover
49.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
0I3I.L 5.42% 0.98% +4.44% $92M
B 3.46% 0.00% +3.46% $59M
EQX 5.68% 2.40% +3.29% $97M
EXR 2.78% 0.00% +2.78% $47M
FSLR 2.03% 0.00% +2.03% $35M
BABA 4.03% 2.15% +1.88% $69M
TSM 3.35% 1.64% +1.71% $57M
MRK 1.81% 0.40% +1.42% $31M
TECK 1.29% 0.00% +1.29% $22M
EGO 2.39% 1.23% +1.16% $41M
PFE 3.02% 1.88% +1.14% $52M
UHS 1.06% 0.00% +1.06% $18M
UTHR 1.19% 0.17% +1.02% $20M
RGLD 0.98% 0.00% +0.98% $17M
GILD 1.19% 0.28% +0.91% $20M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NEM 4.37% 16.14% -11.77% $75M
C 0.12% 4.47% -4.35% $2M
GOOGL 0.32% 3.29% -2.97% $5M
RYAAY 0.92% 2.98% -2.06% $16M
BAC 5.66% 7.56% -1.90% $97M
CDE 0.00% 1.79% -1.79% $0
ALC 0.00% 1.51% -1.51% $0
WPM 0.00% 0.94% -0.94% $0
KGC 0.06% 0.81% -0.75% $1M
BTG 0.00% 0.68% -0.68% $0
IPG 0.00% 0.67% -0.67% $0
IQV 1.15% 1.82% -0.67% $20M
GEN 0.00% 0.58% -0.58% $0
PPC 0.00% 0.56% -0.56% $0
OVV 0.00% 0.54% -0.54% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 15 $499M 29.2%
Large Cap 55 $782M 45.8%
Mid Cap 49 $382M 22.4%
Small Cap 5 $42M 2.5%
Micro Cap 2 $1M 0.1%

Portfolio Analytics

Avg Market Cap
$143.3B
Median Market Cap
$12.7B
Avg P/E
22.2
Median P/E
16.5
Avg Dividend Yield
0.02%
Avg Beta
1.01
# Stocks
126
# ETFs / Funds
0

Top Holdings (126 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 AMZN 8.66% 672,796 $148M $219.57 -$13M -57,669 -7.9%
2 EQX 5.68% 8,651,889 $97M $11.21 $54M +1,152,288 +15.4%
3 BAC 5.66% 1,871,642 $97M $51.59 -$40M -1,012,107 -35.1%
4 0I3I.L 5.42% 1,347,850 $92M $68.56 $75M +1,100,188 +444.2%
5 BP 4.63% 2,294,780 $79M $34.46 $10M +450 +0.0%
6 NEM 4.37% 884,017 $75M $84.31 -$217M -4,115,915 -82.3%
7 BABA 4.03% 384,886 $69M $178.73 $30M +42,214 +12.3%
8 CGAU 3.71% 5,904,103 $63M $10.72 $12M -1,249,206 -17.5%
9 B 3.46% 1,800,635 $59M $32.77 +1,800,635 NEW
10 TSM 3.35% 204,387 $57M $279.29 $27M +73,676 +56.4%
11 PFE 3.02% 2,023,065 $52M $25.48 $18M +623,552 +44.5%
12 EXR 2.78% 336,942 $47M $140.94 +336,942 NEW
13 EGO 2.39% 1,412,740 $41M $28.89 $19M +319,187 +29.2%
14 ARIS 2.36% 4,114,728 $40M $9.80 $5M -1,124,520 -21.5%
15 SU 2.29% 935,037 $39M $41.85 $4M +5,780 +0.6%
16 GAU 2.12% 16,611,028 $36M $2.18 $12M -2,332,224 -12.3%
17 PAAS 2.05% 901,751 $35M $38.73 $9M -11,578 -1.3%
18 FSLR 2.03% 157,055 $35M $220.52 +157,055 NEW
19 XOM 1.84% 278,242 $31M $112.75 $2M +1,525 +0.6%
20 MRK 1.81% 368,848 $31M $83.93 $24M +277,916 +305.6%
21 GE 1.77% 100,365 $30M $300.81 $6M +8,190 +8.9%
22 PNC 1.55% 131,909 $27M $200.93 $2M +1,290 +1.0%
23 SKE.TO 1.37% 1,270,055 $23M $18.42 -$677K -241,600 -16.0%
24 TECK 1.29% 502,602 $22M $43.89 +502,602 NEW
25 UTHR 1.19% 48,545 $20M $419.20 $17M +37,782 +351.0%
26 GILD 1.19% 182,343 $20M $111.00 $15M +137,246 +304.3%
27 IQV 1.15% 102,970 $20M $189.94 -$13M -104,917 -50.5%
28 UHS 1.06% 88,680 $18M $204.44 +88,680 NEW
29 RGLD 0.98% 82,940 $17M $200.58 +82,940 NEW
30 RYAAY 0.92% 259,683 $16M $60.22 -$38M -672,116 -72.1%
31 PM 0.90% 95,079 $15M $162.20 -$2M +970 +1.0%
32 SOLV 0.89% 207,557 $15M $73.00 +207,557 NEW
33 CAKE 0.85% 265,599 $15M $54.64 -$4M -32,030 -10.8%
34 IFF 0.79% 220,210 $14M $61.54 +220,210 NEW
35 REGN 0.71% 21,540 $12M $562.27 +21,540 NEW
36 NE 0.48% 289,439 $8M $28.28 $599K +3,720 +1.3%
37 UHAL-B 0.43% 145,669 $7M $50.90 +145,669 NEW
38 BMY 0.40% 151,760 $7M $45.10 +151,760 NEW
39 FHI 0.36% 116,781 $6M $51.93 +116,781 NEW
40 FOXA 0.32% 87,164 $5M $63.06 -$7M -143,094 -62.1%
41 GOOGL 0.32% 22,450 $5M $243.10 -$54M -314,396 -93.3%
42 MLI 0.28% 47,988 $5M $101.11 -$717K -22,088 -31.5%
43 ENS 0.27% 41,526 $5M $112.96 -$914K -23,818 -36.5%
44 HRB 0.27% 91,950 $5M $50.57 -$2M -33,647 -26.8%
45 RPRX 0.27% 130,184 $5M $35.28 -$2M -47,747 -26.8%
46 BRK-B 0.27% 9,000 $5M $502.74 $153K
47 ARW 0.26% 36,923 $4M $121.00 -$8M -59,330 -61.6%
48 SNX 0.26% 27,194 $4M $163.74 -$7M -58,782 -68.4%
49 CMCSA 0.26% 139,073 $4M $31.42 $2M +64,198 +85.7%
50 JHG 0.26% 98,157 $4M $44.51 +98,157 NEW
51 CPA 0.26% 36,729 $4M $118.81 -$2M -19,759 -35.0%
52 TROW 0.25% 42,144 $4M $102.64 +42,144 NEW
53 MU 0.25% 25,664 $4M $167.32 +25,664 NEW
54 HPE 0.24% 164,531 $4M $24.56 -$5M -276,229 -62.7%
55 BWA 0.23% 91,181 $4M $43.96 -$3M -122,326 -57.3%
56 DINO 0.23% 74,875 $4M $52.34 +74,875 NEW
57 BN 0.23% 56,500 $4M $68.58 $380K
58 LKQ 0.22% 124,210 $4M $30.54 +124,210 NEW
59 TNL 0.22% 63,583 $4M $59.49 +63,583 NEW
60 INCY 0.22% 44,135 $4M $84.81 -$978K -25,190 -36.3%
61 GTX 0.22% 270,470 $4M $13.62 +270,470 NEW
62 VIRT 0.21% 103,237 $4M $35.50 +103,237 NEW
63 CALM 0.21% 38,089 $4M $94.10 +38,089 NEW
64 DORM 0.20% 22,392 $3M $155.88 -$3M -33,224 -59.7%
65 TIGO 0.20% 71,312 $3M $48.54 +71,312 NEW
66 OC 0.20% 24,382 $3M $141.46 -$479K -4,182 -14.6%
67 EXEL 0.20% 81,696 $3M $41.30 $11K +5,386 +7.1%
68 TOL 0.19% 23,670 $3M $138.14 -$3M -35,009 -59.7%
69 APAM 0.18% 70,061 $3M $43.40 +70,061 NEW
70 FRO 0.17% 124,843 $3M $22.79 +124,843 NEW
71 ATKR 0.16% 44,841 $3M $62.74 +44,841 NEW
72 SHLS 0.16% 369,142 $3M $7.41 +369,142 NEW
73 UPWK 0.16% 146,239 $3M $18.57 +146,239 NEW
74 MTCH 0.16% 76,595 $3M $35.32 -$6M -209,272 -73.2%
75 BUD 0.16% 45,000 $3M $59.61 -$410K
76 SUPN 0.16% 55,385 $3M $47.79 +55,385 NEW
77 PR 0.15% 203,761 $3M $12.80 +203,761 NEW
78 OSK 0.14% 18,991 $2M $129.70 -$1M -15,895 -45.6%
79 MTB 0.13% 11,240 $2M $197.62 -$305K -1,780 -13.7%
80 HALO 0.13% 30,199 $2M $73.34 -$44K -13,229 -30.5%
81 JPM 0.13% 7,000 $2M $315.43 $179K
82 CPRX 0.13% 108,616 $2M $19.70 +108,616 NEW
83 C 0.12% 20,970 $2M $101.50 -$79M -927,682 -97.8%
84 TS 0.12% 59,349 $2M $35.77 -$97K
85 FNV 0.12% 9,320 $2M $222.91 +9,320 NEW
86 CVX 0.10% 11,000 $2M $155.29 $133K
87 NG 0.07% 140,480 $1M $8.80 -$497K -283,190 -66.8%
88 KGC 0.06% 43,604 $1M $24.85 -$14M -897,233 -95.4%
89 BBY 0.05% 12,094 $915K $75.62 -$455K -8,313 -40.7%
90 ARCO 0.05% 127,142 $858K $6.75 -$145K
91 FMX 0.05% 8,000 $789K $98.63 -$35K
92 DAVA 0.03% 64,000 $582K $9.10 -$3M -145,187 -69.4%
93 GLDG 0.03% 401,996 $491K $1.22 -$159K -500,000 -55.4%
94 WFC 0.02% 5,000 $419K $83.82 $18K
95 SBRA 0.02% 18,886 $352K $18.64 +18,886 NEW
96 PSA 0.02% 1,150 $332K $288.85 +1,150 NEW
97 TMHC 0.01% 3,363 $222K $66.01 -$6M -98,157 -96.7%
98 PHM —% -$7M -62,701 -100.0% SOLD
99 TAP —% -$9M -183,014 -100.0% SOLD
100 ACMR —% -$7M -264,706 -100.0% SOLD

New Positions

SymbolValue% Port
B $59M 3.46%
EXR $47M 2.78%
FSLR $35M 2.03%
TECK $22M 1.29%
UHS $18M 1.06%
RGLD $17M 0.98%
SOLV $15M 0.89%
IFF $14M 0.79%
REGN $12M 0.71%
UHAL-B $7M 0.43%
BMY $7M 0.40%
FHI $6M 0.36%
JHG $4M 0.26%
TROW $4M 0.25%
MU $4M 0.25%

Sold Out Positions

SymbolValue% Port
FLR —%
CDE —%
AEM —%
MATX —%
GFF —%
MMS —%
OVV —%
BYD —%
ADM —%
ALC —%
G —%
WPM —%
KBH —%
IAG —%
TAP —%
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