Fund HoldingsRuffer LLP

Total Portfolio Value
$2.60B
Total Bought
$393.48M
Total Sold
$754.18M
Net Transaction
-$360.71M
Filing Period:
Securities
SharesValue ($K)
Q4 2024
Q1 2025
Change
Q4 2024
Q1 2025
Weight (%)
Change
AMAZON COM INC(AMZN)868,1841,305,979+437,795190,469248,4759.57%+58,006
NEWMONT CORP(NEM)7,085,1016,596,949-488,152263,706318,49612.26%+54,791
UNITED STATES STL CORP NEW01,046,043+1,046,043044,2051.70%+44,205
BARRICK GOLD CORP10,269,84810,426,795+156,947159,180202,7017.80%+43,520
ALIBABA GROUP HLDG LTD(BABA)01,210,409+1,210,4090160,0506.16%+160,050
BP PLC(BP)2,137,4202,439,040+301,62063,18282,4153.17%+19,233
COEUR MNG INC(CDE)02,985,354+2,985,354017,6730.68%+17,673
ELDORADO GOLD CORP NEW(EGO)0992,097+992,097016,6870.64%+16,687
FIDELITY NATL INFORMATION SV(FIS)0167,077+167,077012,4780.48%+12,478
MOLSON COORS BEVERAGE CO(TAP)0188,711+188,711011,4870.44%+11,487
WHEATON PRECIOUS METALS CORP(WPM)201,024289,744+88,72011,30622,4930.87%+11,187
COSTAR GROUP INC(CSGP)162,179270,412+108,23311,61021,4250.82%+9,815
CHENIERE ENERGY INC(LNG)041,799+41,79909,6720.37%+9,672
EQUINOX GOLD CORP(EQX)603,2701,776,730+1,173,4603,03812,2210.47%+9,182
NEW GOLD INC CDA1,200,0003,203,070+2,003,0702,97611,8830.46%+8,907
SANDSTORM GOLD LTD01,102,950+1,102,95008,3270.32%+8,327
CACI INTL INC(CACI)021,658+21,65807,9470.31%+7,947
COTERRA ENERGY INC0235,701+235,70106,8120.26%+6,812
KORN FERRY(KFY)099,283+99,28306,7340.26%+6,734
MAGNOLIA OIL & GAS CORP(MGY)0260,373+260,37306,5770.25%+6,577
ARIS MNG CORP(ARIS)5,687,2735,666,748-20,52519,94026,1951.01%+6,254
ENERSYS(ENS)064,334+64,33405,8920.23%+5,892
CHEESECAKE FACTORY INC(CAKE)198,179313,046+114,8679,40115,2320.59%+5,831
MATTEL INC(MAT)0275,609+275,60905,3550.21%+5,355
CHAMPIONX CORPORATION0178,819+178,81905,3290.21%+5,329
BORGWARNER INC0178,152+178,15205,1040.20%+5,104
PERMIAN RESOURCES CORP(PR)0358,620+358,62004,9670.19%+4,967
CENTERRA GOLD INC(CGAU)7,140,8457,089,239-51,60640,63544,9911.73%+4,356
PATTERSON-UTI ENERGY INC(PTEN)0520,448+520,44804,2780.16%+4,278
SUNCOR ENERGY INC NEW(SU)941,697973,447+31,75033,60837,7011.45%+4,092
PILGRIMS PRIDE CORP(PPC)184,649228,365+43,7168,38112,4480.48%+4,067
PAN AMERN SILVER CORP(PAAS)1,084,516980,044-104,47221,92925,3150.97%+3,386
HALOZYME THERAPEUTICS INC(HALO)050,414+50,41403,2170.12%+3,217
AVNET INC065,133+65,13303,1320.12%+3,132
B2GOLD CORP(BTG)4,213,0624,663,540+450,47810,28013,2910.51%+3,011
FOX CORP(FOX)246,175264,235+18,06011,95914,9560.58%+2,997
GE AEROSPACE(GE)101,93999,615-2,32417,00319,9390.77%+2,936
POWELL INDS INC(POWL)016,809+16,80902,8630.11%+2,863
CROCS INC(CROX)026,406+26,40602,8040.11%+2,804
GRIFFON CORP(GFF)039,054+39,05402,7920.11%+2,792
ABERCROMBIE & FITCH CO026,830+26,83002,0490.08%+2,049
ENDAVA PLC25,317130,317+105,0007822,5420.10%+1,760
HEWLETT PACKARD ENTERPRISE C(HPE)410,231665,491+255,2608,75810,2690.40%+1,510
INTEGRA RES CORP3,126,0533,238,353+112,3002,6974,0290.16%+1,333
TOLL BROTHERS INC(TOL)22,88539,769+16,8842,8824,1990.16%+1,317
TAYLOR MORRISON HOME CORP(TMHC)49,84971,069+21,2203,0514,2670.16%+1,216
BLOCK H & R INC79,54798,621+19,0744,2035,4150.21%+1,212
PULTE GROUP INC(PHM)29,13242,245+13,1133,1734,3430.17%+1,170
GENERAL MTRS CO(GM)60,51591,281+30,7663,2244,2930.17%+1,069
KB HOME(KBH)42,66464,544+21,8802,8043,7510.14%+947
MERCK & CO INC(MRK)72,67290,727+18,0557,2298,1430.31%+914
FOMENTO ECONOMICO MEXICANO S(FMX)08,000+8,00007810.03%+781
EXELIXIS INC(EXEL)110,757120,204+9,4473,6884,4380.17%+750
ANHEUSER BUSCH INBEV SA/NV(BUD)45,00045,00002,2532,7700.11%+517
DORMAN PRODS INC(DORM)33,29739,556+6,2594,3144,7680.18%+454
UNITED THERAPEUTICS CORP DEL(UTHR)11,44914,374+2,9254,0394,4310.17%+391
GALIANO GOLD INC18,438,26218,943,252+504,99022,96023,3070.90%+347
SKEENA RES LTD NEW(SKE)1,745,3821,534,883-210,49915,17715,4810.60%+304
TD SYNNEX CORPORATION(SNX)86,425100,345+13,92010,13610,4320.40%+296
OSHKOSH CORP(OSK)02,759+2,75902600.01%+260
CHEVRON CORP NEW(CVX)11,00011,00001,5931,8400.07%+247
FLUOR CORP NEW(FLR)06,577+6,57702360.01%+236
GOLDMINING INC901,996901,99607227520.03%+31
WELLS FARGO CO NEW(WFC)5,0005,00003513590.01%+8
EAST WEST BANCORP INC(EWBC)12,28011,200-1,0801,1761,0050.04%-171
ACADEMY SPORTS & OUTDOORS IN(ASO)63,88876,637+12,7493,6763,4950.13%-180
BLUE BIRD CORP72,22979,018+6,7892,7902,5580.10%-232
OWENS CORNING NEW(OC)30,74134,864+4,1235,2364,9790.19%-257
JPMORGAN CHASE & CO.(JPM)8,5207,000-1,5202,0421,7170.07%-325
SMURFIT WESTROCK PLC(SW)000000
STONECO LTD(STNE)70,2220-70,2225600-560
MAXIMUS INC(MMS)137,517141,566+4,04910,2669,6530.37%-613
CARTERS INC(CRI)11,7220-11,7226350-635
FOMENTO ECONOMICO MEXICANO S(FMX)8,0000-8,0006840-684
INCYTE CORP(INCY)80,05979,313-7465,5304,8020.18%-727
SM ENERGY CO(SM)18,7830-18,7837280-728
ARCOS DORADOS HOLDINGS INC(ARCO)127,1420-127,1429260-926
SCORPIO TANKERS INC(STNG)19,3530-19,3539620-962
COMCAST CORP NEW(CCZ)28,6980-28,6981,0770-1,077
REVELYST INC65,9440-65,9441,2680-1,268
PNC FINL SVCS GROUP INC(PNC)87,64087,537-10316,90215,3860.59%-1,516
EXXON MOBIL CORP289,532245,930-43,60231,14629,2491.13%-1,897
BROOKFIELD CORP(BN)94,00056,500-37,5005,4002,9610.11%-2,439
HARMONY BIOSCIENCES HLDGS IN(HRMY)75,5010-75,5012,5980-2,598
LENNAR CORP(LEN)23,6170-23,6173,2210-3,221
HERC HLDGS INC(HRI)19,3610-19,3613,6650-3,665
BEST BUY INC(BBY)44,3670-44,3673,8070-3,807
NEXTRACKER INC108,2300-108,2303,9540-3,954
ATKORE INC48,6600-48,6604,0610-4,061
MOSAIC CO NEW(MOS)1,683,5881,381,628-301,96041,38237,3171.44%-4,065
STRIDE INC(LRN)39,1410-39,1414,0680-4,068
ALPHA METALLURGICAL RESOUR I20,4850-20,4854,1000-4,100
TENARIS S A(TS)173,66659,349-114,3176,5632,3210.09%-4,242
PAGSEGURO DIGITAL LTD(PAGS)678,2610-678,2614,2460-4,246
BERKSHIRE HATHAWAY INC DEL32,39019,480-12,91014,68210,3750.40%-4,307
CORTEVA INC(CTVA)785,918629,548-156,37044,76539,6171.53%-5,148
GOLD FIELDS LTD(GFI)402,0840-402,0845,3080-5,308
FIRST SOLAR INC(FSLR)30,4800-30,4805,3720-5,372
GATES INDL CORP PLC
ORD SHS
285,0620-285,0625,8640-5,864
COCA COLA CONS INC(COKE)4,7930-4,7936,0380-6,038
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