Fund HoldingsRuffer LLP

Total Portfolio Value
$2.26B
Total Bought
$659.36M
Total Sold
$1.05B
Net Transaction
-$389.87M
Filing Period:
Securities
SharesValue ($K)
Q1 2025
Q2 2025
Change
Q1 2025
Q2 2025
Weight (%)
Change
SMURFIT WESTROCK PLC(SW)04,544,710+4,544,7100196,0958.68%+196,095
ALPHABET INC(GOOG)0336,846+336,846059,3622.63%+59,362
ANGLOGOLD ASHANTI PLC(AU)01,146,968+1,146,968052,2672.31%+52,267
BANK AMERICA CORP02,883,749+2,883,7490136,4536.04%+136,453
IQVIA HLDGS INC(IQV)0207,887+207,887032,7601.45%+32,760
EQUINOX GOLD CORP(EQX)1,776,7307,499,601+5,722,87112,22143,2671.91%+31,046
ALCON AG(ALC)0308,649+308,649027,3331.21%+27,333
COOPER COS INC(COO)0247,662+247,662017,6240.78%+17,624
COEUR MNG INC(CDE)2,985,3543,644,401+659,04717,67332,2891.43%+14,616
ARROW ELECTRS INC096,253+96,253012,2660.54%+12,266
INTERPUBLIC GROUP COS INC0497,484+497,484012,1780.54%+12,178
ALLIED GOLD CORP(AAUC)0793,940+793,940010,6700.47%+10,670
GEN DIGITAL INC(GEN)0357,900+357,900010,5220.47%+10,522
OVINTIV INC(OVV)0256,076+256,07609,7440.43%+9,744
ARIS MNG CORP(ARIS)5,666,7485,239,248-427,50026,19535,3211.56%+9,126
PNC FINL SVCS GROUP INC(PNC)87,537130,619+43,08215,38624,3501.08%+8,964
MATCH GROUP INC NEW(MTCH)0285,867+285,86708,8300.39%+8,830
SKEENA RES LTD NEW(SKE)1,534,8831,511,655-23,22815,48124,0711.06%+8,590
NOBLE CORP PLC(NE)0285,719+285,71907,5860.34%+7,586
ACM RESH INC(ACMR)0264,706+264,70606,8550.30%+6,855
CENTERRA GOLD INC(CGAU)7,089,2397,153,309+64,07044,99151,5902.28%+6,599
GENPACT LIMITED
SHS
0147,560+147,56006,4940.29%+6,494
BOYD GAMING CORP(BYD)082,717+82,71706,4710.29%+6,471
ROYALTY PHARMA PLC(RPRX)0177,931+177,93106,4110.28%+6,411
COPA HOLDINGS SA(CPA)056,488+56,48806,2120.27%+6,212
MUELLER INDS INC(MLI)070,076+70,07605,5690.25%+5,569
ELDORADO GOLD CORP NEW(EGO)992,0971,093,553+101,45616,68722,2430.98%+5,556
GILEAD SCIENCES INC(GILD)045,097+45,09705,0000.22%+5,000
REV GROUP INC0102,398+102,39804,8730.22%+4,873
GE AEROSPACE(GE)99,61592,175-7,44019,93923,7241.05%+3,785
OSHKOSH CORP(OSK)2,75934,886+32,1272603,9610.18%+3,701
CHAMPIONX CORPORATION178,819359,032+180,2135,3298,9180.39%+3,589
MATSON INC(MATX)030,740+30,74003,4230.15%+3,423
CHEESECAKE FACTORY INC(CAKE)313,046297,629-15,41715,23218,6490.83%+3,417
HARMONY BIOSCIENCES HLDGS IN(HRMY)086,211+86,21102,7240.12%+2,724
COMCAST CORP NEW(CCZ)074,875+74,87502,6720.12%+2,672
TOLL BROTHERS INC(TOL)39,76958,679+18,9104,1996,6970.30%+2,498
PULTE GROUP INC(PHM)42,24562,701+20,4564,3436,6120.29%+2,270
DORMAN PRODS INC(DORM)39,55655,616+16,0604,7686,8220.30%+2,055
BORGWARNER INC178,152213,507+35,3555,1047,1480.32%+2,044
TAYLOR MORRISON HOME CORP(TMHC)71,069101,520+30,4514,2676,2350.28%+1,969
KB HOME(KBH)64,544107,751+43,2073,7515,7080.25%+1,956
IAMGOLD CORP(IAG)0258,300+258,30001,8990.08%+1,899
NOVAGOLD RES INC0423,670+423,67001,7330.08%+1,733
AXCELIS TECHNOLOGIES INC024,731+24,73101,7240.08%+1,724
BLOCK H & R INC98,621125,597+26,9765,4156,8940.30%+1,479
BEST BUY INC(BBY)020,407+20,40701,3700.06%+1,370
TD SYNNEX CORPORATION(SNX)100,34585,976-14,36910,43211,6670.52%+1,234
ARCOS DORADOS HOLDINGS INC(ARCO)0127,142+127,14201,0030.04%+1,003
INTEGRA RES CORP3,238,3533,243,153+4,8004,0294,9120.22%+882
GALIANO GOLD INC18,943,25218,943,252023,30724,0931.07%+786
POWELL INDS INC(POWL)16,80917,271+4622,8633,6340.16%+771
FLUOR CORP NEW(FLR)6,57718,590+12,0132369530.04%+718
ENDAVA PLC130,317209,187+78,8702,5423,2050.14%+662
PAN AMERN SILVER CORP(PAAS)980,044913,329-66,71525,31525,9391.15%+624
EXXON MOBIL CORP245,930276,717+30,78729,24929,8291.32%+580
BROOKFIELD CORP(BN)56,50056,50002,9613,4950.15%+533
ANHEUSER BUSCH INBEV SA/NV(BUD)45,00045,00002,7703,0920.14%+322
JPMORGAN CHASE & CO.(JPM)7,0007,00001,7172,0290.09%+312
M & T BK CORP(MTB)013,020+13,02002,5260.11%+2,526
GRIFFON CORP(GFF)39,05441,320+2,2662,7922,9900.13%+198
FOMENTO ECONOMICO MEXICANO S(FMX)8,0008,00007818240.04%+43
WELLS FARGO CO NEW(WFC)5,0005,00003594010.02%+42
INCYTE CORP(INCY)79,31369,325-9,9884,8024,7210.21%-81
TENARIS S A(TS)59,34959,34902,3212,2200.10%-101
GOLDMINING INC901,996901,99607526500.03%-103
CHEVRON CORP NEW(CVX)11,00011,00001,8401,5750.07%-265
ENERSYS(ENS)64,33465,344+1,0105,8925,6050.25%-287
PHILIP MORRIS INTL INC(PM)094,109+94,109017,1400.76%+17,140
EAST WEST BANCORP INC(EWBC)11,2003,890-7,3101,0053930.02%-612
MERCK & CO INC(MRK)90,72790,932+2058,1437,1980.32%-945
HALOZYME THERAPEUTICS INC(HALO)50,41443,428-6,9863,2172,2590.10%-958
B2GOLD CORP(BTG)4,663,5403,395,988-1,267,55213,29112,2600.54%-1,032
OWENS CORNING NEW(OC)34,86428,564-6,3004,9793,9280.17%-1,051
EXELIXIS INC(EXEL)120,20476,310-43,8944,4383,3630.15%-1,074
HEWLETT PACKARD ENTERPRISE C(HPE)665,491440,760-224,73110,2699,0130.40%-1,255
UNITED THERAPEUTICS CORP DEL(UTHR)14,37410,763-3,6114,4313,0930.14%-1,338
ABERCROMBIE & FITCH CO26,8300-26,8302,0490-2,049
FOX CORP(FOX)264,235230,258-33,97714,95612,9030.57%-2,052
PILGRIMS PRIDE CORP(PPC)228,365226,137-2,22812,44810,1720.45%-2,277
RYANAIR HOLDINGS PLC(RYAAY)0931,799+931,799053,7362.38%+53,736
MAXIMUS INC(MMS)141,566104,359-37,2079,6537,3260.32%-2,327
BLUE BIRD CORP79,0180-79,0182,5580-2,558
MOLSON COORS BEVERAGE CO(TAP)188,711183,014-5,69711,4878,8010.39%-2,686
CROCS INC(CROX)26,4060-26,4062,8040-2,804
SUNCOR ENERGY INC NEW(SU)973,447929,257-44,19037,70134,8481.54%-2,852
AVNET INC65,1330-65,1333,1320-3,132
ACADEMY SPORTS & OUTDOORS IN(ASO)76,6370-76,6373,4950-3,495
PATTERSON-UTI ENERGY INC(PTEN)520,4480-520,4484,2780-4,278
GENERAL MTRS CO(GM)91,2810-91,2814,2930-4,293
PERMIAN RESOURCES CORP(PR)358,6200-358,6204,9670-4,967
MATTEL INC(MAT)275,6090-275,6095,3550-5,355
WHEATON PRECIOUS METALS CORP(WPM)289,744189,484-100,26022,49317,0160.75%-5,477
NEW GOLD INC CDA3,203,0701,200,134-2,002,93611,8835,9410.26%-5,943
BERKSHIRE HATHAWAY INC DEL19,4809,000-10,48010,3754,3720.19%-6,003
SANDSTORM GOLD LTD1,102,950210,090-892,8608,3271,9750.09%-6,352
MAGNOLIA OIL & GAS CORP(MGY)260,3730-260,3736,5770-6,577
KORN FERRY(KFY)99,2830-99,2836,7340-6,734
COTERRA ENERGY INC235,7010-235,7016,8120-6,812
AGNICO EAGLE MINES LTD(AEM)022,679+22,67902,6970.12%+2,697
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