Fund HoldingsRuffer LLP

Total Portfolio Value
$1.71B
Total Bought
$91.44M
Total Sold
$1.28B
Net Transaction
-$1.19B
Filing Period:
Securities
SharesValue ($K)
Q1 2023
Q2 2023
Change
Q1 2023
Q2 2023
Weight (%)
Change
THE CIGNA GROUP(CI)288,384373,920+85,53673,629106,8216.25%+33,192
BANK AMERICA CORP0606,490+606,490017,4031.02%+17,403
PAN AMERN SILVER CORP(PAAS)200,0001,205,292+1,005,2923,67217,5791.03%+13,907
GRIFOLS S A(GRFS)01,192,250+1,192,250010,9080.64%+10,908
META PLATFORMS INC(META)227,289185,870-41,41948,17353,3233.12%+5,150
TECK RESOURCES LTD(TECK)10,952129,470+118,5184005,4500.32%+5,050
JACKSON FINANCIAL INC(JXN)1,476,4211,939,914+463,49355,20359,3713.48%+4,168
AMAZON COM INC(AMZN)970,849789,580-181,269100,274102,8746.02%+2,600
SSR MINING IN(SSRM)479,359631,259+151,9007,2468,9540.52%+1,709
PHILIP MORRIS INTL INC(PM)28,00042,000+14,0002,7224,1000.24%+1,378
CENTERRA GOLD INC(CGAU)6,517,4507,215,750+698,30042,11243,2612.53%+1,148
SKEENA RES LTD NEW(SKE)1,220,3701,782,970+562,6007,4798,5960.50%+1,117
GALIANO GOLD INC26,378,45926,378,459015,32615,8350.93%+508
ANHEUSER BUSCH INBEV SA/NV(BUD)7,00017,000+10,0004679640.06%+497
FOMENTO ECONOMICO MEXICANO S(FMX)27,00027,00002,5702,9910.18%+421
ARCOS DORADOS HOLDINGS INC(ARCO)152,142152,14201,1741,5600.09%+386
MARTIN MARIETTA MATLS INC(MLM)3,0003,00001,0651,3840.08%+319
STAR BULK CARRIERS CORP.(SBLK)015,439+15,43902730.02%+273
JPMORGAN CHASE & CO(JPM)14,13514,070-651,8412,0460.12%+204
MARKEL GROUP INC(MKL)1,3001,30001,6631,7980.11%+135
WELLS FARGO CO NEW(WFC)22,00022,00008229390.05%+117
DEUTSCHE BANK A G
NAMEN AKT
35,85035,85003643770.02%+13
DUPONT DE NEMOURS INC(DD)40,00040,00002,8702,8560.17%-14
DOW INC(DOW)15,97215,97208768510.05%-25
BRF SA37,5100-37,510480-48
SAFE BULKERS INC160,000160,00005905220.03%-67
ERICSSON(ERIC)250,000250,00001,4611,3610.08%-100
CHEVRON CORP NEW(CVX)22,00022,00003,5893,4610.20%-128
BURFORD CAP LTD
ORD SHS
40,00020,000-20,0003722430.01%-129
AMERICAS GOLD AND SILVER COR1,199,4931,199,49305814250.02%-156
IMV INC321,9520-321,9521670-167
JAZZ PHARMACEUTICALS PLC(JAZZ)7,7027,70201,1279550.06%-172
BRISTOL-MYERS SQUIBB CO4,5040-4,5043120-312
INTEGRA RES CORP2,384,579953,831-1,430,7481,3851,0590.06%-327
GOLD RESOURCE CORP870,879870,87909195440.03%-374
US BANCORP DEL(USB)19,0009,000-10,0006842970.02%-387
SPDR GOLD TR(GLD)4,8442,710-2,1348874830.03%-404
NOW INC(DNOW)130,000100,000-30,0001,4491,0360.06%-413
SOUTHWEST AIRLS CO(LUV)35,00020,000-15,0001,1397240.04%-415
DRIL-QUIP INC35,00020,000-15,0001,0044660.03%-538
GENERAL ELECTRIC CO(GE)379,002323,902-55,10036,22735,5822.08%-645
PFIZER INC(PFE)1,071,6791,173,049+101,37043,70843,0212.52%-687
GOLDMINING INC2,301,9962,301,99602,8112,1030.12%-708
SYNCHRONY FINANCIAL(SYF)292,103290,943-1,1608,4967,5570.44%-939
FREEPORT-MCMORAN INC24,9770-24,9771,0220-1,022
TELEFONICA BRASIL SA150,0000-150,0001,1350-1,135
FORTUNA SILVER MINES INC2,118,9402,118,94008,0386,8800.40%-1,158
TENARIS S A(TS)195,345144,400-50,9455,5534,3240.25%-1,229
TIM S A100,0000-100,0001,2360-1,235
B2GOLD CORP(BTG)3,497,6763,497,676013,79812,4690.73%-1,329
WHEATON PRECIOUS METALS CORP(WPM)248,395245,116-3,27911,96010,5960.62%-1,364
LIVENT CORP872,563635,020-237,54318,94817,4251.02%-1,523
GODADDY INC(GDDY)403,994394,746-9,24831,39429,6591.74%-1,735
IAMGOLD CORP659,0000-659,0001,7890-1,789
BERKSHIRE HATHAWAY INC DEL71,89155,856-16,03522,15919,0451.12%-3,114
RYANAIR HOLDINGS PLC(RYAAY)1,437,0541,196,077-240,977135,541132,3217.75%-3,220
DRDGOLD LIMITED356,1940-356,1943,4110-3,411
AMERICAN EXPRESS CO34,3110-34,3115,6590-5,659
HERTZ GLOBAL HLDGS INC350,0000-350,0005,7000-5,700
ACTIVISION BLIZZARD INC80,2650-80,2656,8680-6,868
SUNCOR ENERGY INC NEW(SU)803,700590,500-213,20024,96917,3141.01%-7,654
GENERAL MTRS CO(GM)1,216,699927,822-288,87744,59835,7722.09%-8,826
COTY INC(COTY)6,194,8125,338,556-856,25674,67765,5833.84%-9,094
EXXON MOBIL CORP(XOM)348,392268,962-79,43038,17528,8391.69%-9,336
PNC FINL SVCS GROUP INC(PNC)234,900159,870-75,03029,85520,1311.18%-9,724
CHESAPEAKE ENERGY CORP(EXE)131,3332,782-128,5519,9822330.01%-9,750
NOBLE CORP PLC(NE)637,000327,700-309,30025,13913,5390.79%-11,600
FEDERATED HERMES INC(FHI)535,000235,000-300,00021,4728,4260.49%-13,046
M & T BK CORP(MTB)240,20085,950-154,25028,71210,6340.62%-18,078
GOLD FIELDS LTD1,869,2760-1,869,27624,8890-24,889
SCHWAB CHARLES CORP476,2560-476,25624,9390-24,939
TEGNA INC1,494,7940-1,494,79425,2690-25,269
ANGLOGOLD ASHANTI LIMITED2,197,2591,219,659-977,60053,14125,7291.51%-27,412
AMBEV SA(ABEV)61,508,43444,930,005-16,578,429173,136142,6408.35%-30,495
COHERENT CORP833,0510-833,05131,7270-31,727
NOV INC(NOV)2,587,875653,630-1,934,24547,88810,4870.61%-37,401
BP PLC(BP)1,125,00031,000-1,094,00042,6771,0940.06%-41,583
NEWMONT CORP(NEM)2,743,1041,980,849-762,255134,42684,4934.95%-49,933
CONOCOPHILLIPS516,6520-516,65251,2540-51,254
SHELL PLC922,6000-922,60053,0820-53,082
EOG RES INC469,1130-469,11353,7530-53,753
PIONEER NAT RES CO501,377202,328-299,049102,36941,9032.45%-60,466
KINROSS GOLD CORP(KGC)35,680,19621,396,871-14,283,325167,868101,9565.97%-65,911
NUTRIEN LTD962,9130-962,91371,1060-71,106
MOSAIC CO NEW1,578,3540-1,578,35472,3910-72,391
BARRICK GOLD CORP7,238,6263,651,390-3,587,236134,34661,8003.62%-72,546
ALCOA CORP(AA)1,996,243309,044-1,687,19984,93910,4840.61%-74,455
ALIBABA GROUP HLDG LTD(BABA)1,441,760812,140-629,620147,28267,6963.96%-79,586
TAIWAN SEMICONDUCTOR MFG LTD(TSM)2,348,3051,263,241-1,085,064218,427127,4547.46%-90,973
AGNICO EAGLE MINES LTD(AEM)2,418,520575,215-1,843,305123,25928,7411.68%-94,519
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