Ruffer LLP
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q2 2025 ▲▼ | Q3 2025 ▲▼ | Change ▲▼ | Q2 2025 ▲▼ | Q3 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| COOPER COS INC(COO) | 247,662 | 1,347,850 | +1,100,188 | 17,623,628 | 92,407,360 | 5.14% | +74,783,732 |
| BARRICK MNG CORP(B) | 0 | 1,800,635 | +1,800,635 | 0 | 59,006,992 | 3.28% | +59,006,992 |
| EQUINOX GOLD CORP(EQX) | 7,499,601 | 8,651,889 | +1,152,288 | 43,267,230 | 96,991,708 | 5.39% | +53,724,478 |
| EXTRA SPACE STORAGE INC(EXR) | 0 | 336,942 | +336,942 | 0 | 47,487,174 | 2.64% | +47,487,174 |
| FIRST SOLAR INC(FSLR) | 0 | 157,055 | +157,055 | 0 | 34,634,190 | 1.93% | +34,634,190 |
| ALIBABA GROUP HLDG LTD(BABA) | 342,672 | 384,886 | +42,214 | 38,861,817 | 68,789,301 | 3.82% | +29,927,484 |
| TAIWAN SEMICONDUCTOR MFG LTD(TSM) | 130,711 | 204,387 | +73,676 | 29,604,734 | 57,082,859 | 3.17% | +27,478,125 |
| MERCK & CO INC(MRK) | 90,932 | 368,848 | +277,916 | 7,197,944 | 30,957,044 | 1.72% | +23,759,100 |
| TECK RESOURCES LTD(TECK) | 0 | 502,602 | +502,602 | 0 | 22,058,665 | 1.23% | +22,058,665 |
| ELDORADO GOLD CORP NEW(EGO) | 1,093,553 | 1,412,740 | +319,187 | 22,242,868 | 40,814,059 | 2.27% | +18,571,191 |
| UNIVERSAL HLTH SVCS INC(UHS) | 0 | 88,680 | +88,680 | 0 | 18,129,962 | 1.01% | +18,129,962 |
| PFIZER INC(PFE) | 1,399,513 | 2,023,065 | +623,552 | 33,923,497 | 51,546,654 | 2.87% | +17,623,157 |
| UNITED THERAPEUTICS CORP DEL(UTHR) | 10,763 | 48,545 | +37,782 | 3,092,748 | 20,349,877 | 1.13% | +17,257,129 |
| ROYAL GOLD INC(RGLD) | 0 | 82,940 | +82,940 | 0 | 16,636,105 | 0.92% | +16,636,105 |
| GILEAD SCIENCES INC(GILD) | 45,097 | 182,343 | +137,246 | 4,999,772 | 20,239,811 | 1.12% | +15,240,039 |
| SOLVENTUM CORP(SOLV) | 0 | 207,557 | +207,557 | 0 | 15,151,564 | 0.84% | +15,151,564 |
| INTERNATIONAL FLAVORS&FRAGRA(IFF) | 0 | 220,210 | +220,210 | 0 | 13,551,723 | 0.75% | +13,551,723 |
| REGENERON PHARMACEUTICALS(REGN) | 0 | 21,540 | +21,540 | 0 | 12,111,285 | 0.67% | +12,111,285 |
| GALIANO GOLD INC | 18,943,252 | 16,611,028 | -2,332,224 | 24,093,025 | 36,172,064 | 2.01% | +12,079,039 |
| CENTERRA GOLD INC(CGAU) | 7,153,309 | 5,904,103 | -1,249,206 | 51,590,137 | 63,265,321 | 3.52% | +11,675,184 |
| BP PLC(BP) | 2,294,330 | 2,294,780 | +450 | 68,669,297 | 79,078,119 | 4.40% | +10,408,822 |
| PAN AMERN SILVER CORP(PAAS) | 913,329 | 901,751 | -11,578 | 25,938,544 | 34,924,816 | 1.94% | +8,986,272 |
| U HAUL HOLDING COMPANY | 0 | 145,669 | +145,669 | 0 | 7,414,483 | 0.41% | +7,414,483 |
| BRISTOL-MYERS SQUIBB CO(BMY) | 0 | 151,760 | +151,760 | 0 | 6,844,225 | 0.38% | +6,844,225 |
| GE AEROSPACE(GE) | 92,175 | 100,365 | +8,190 | 23,723,740 | 30,191,034 | 1.68% | +6,467,294 |
| FEDERATED HERMES INC(FHI) | 0 | 116,781 | +116,781 | 0 | 6,064,437 | 0.34% | +6,064,437 |
| ARIS MNG CORP(ARIS) | 5,239,248 | 4,114,728 | -1,124,520 | 35,320,674 | 40,335,705 | 2.24% | +5,015,031 |
| JANUS HENDERSON GROUP PLC | 0 | 98,157 | +98,157 | 0 | 4,368,968 | 0.24% | +4,368,968 |
| PRICE T ROWE GROUP INC(TROW) | 0 | 42,144 | +42,144 | 0 | 4,325,574 | 0.24% | +4,325,574 |
| INTEGRA RES CORP | 3,243,153 | 3,156,453 | -86,700 | 4,911,627 | 9,209,997 | 0.51% | +4,298,370 |
| MICRON TECHNOLOGY INC(MU) | 0 | 25,664 | +25,664 | 0 | 4,294,101 | 0.24% | +4,294,101 |
| SUNCOR ENERGY INC NEW(SU) | 929,257 | 935,037 | +5,780 | 34,848,320 | 39,134,090 | 2.18% | +4,285,770 |
| HF SINCLAIR CORP(DINO) | 0 | 74,875 | +74,875 | 0 | 3,918,957 | 0.22% | +3,918,957 |
| LKQ CORP(LKQ) | 0 | 124,210 | +124,210 | 0 | 3,793,262 | 0.21% | +3,793,262 |
| TRAVEL PLUS LEISURE CO(TNL) | 0 | 63,583 | +63,583 | 0 | 3,782,579 | 0.21% | +3,782,579 |
| GARRETT MOTION INC(GTX) | 0 | 270,470 | +270,470 | 0 | 3,683,688 | 0.20% | +3,683,688 |
| VIRTU FINL INC(VIRT) | 0 | 103,237 | +103,237 | 0 | 3,664,870 | 0.20% | +3,664,870 |
| CAL MAINE FOODS INC(CALM) | 0 | 38,089 | +38,089 | 0 | 3,584,003 | 0.20% | +3,584,003 |
| MILLICOM INTL CELLULAR S A | 0 | 71,312 | +71,312 | 0 | 3,461,397 | 0.19% | +3,461,397 |
| ARTISAN PARTNERS ASSET MGMT(APAM) | 0 | 70,061 | +70,061 | 0 | 3,040,647 | 0.17% | +3,040,647 |
| FRONTLINE PLC(FRO) | 0 | 124,843 | +124,843 | 0 | 2,845,172 | 0.16% | +2,845,172 |
| ATKORE INC | 0 | 44,841 | +44,841 | 0 | 2,813,269 | 0.16% | +2,813,269 |
| SHOALS TECHNOLOGIES GROUP IN(SHLS) | 0 | 369,142 | +369,142 | 0 | 2,735,190 | 0.15% | +2,735,190 |
| UPWORK INC(UPWK) | 0 | 146,239 | +146,239 | 0 | 2,715,658 | 0.15% | +2,715,658 |
| SUPERNUS PHARMACEUTICALS INC(SUPN) | 0 | 55,385 | +55,385 | 0 | 2,646,820 | 0.15% | +2,646,820 |
| PERMIAN RESOURCES CORP(PR) | 0 | 203,761 | +203,761 | 0 | 2,608,141 | 0.14% | +2,608,141 |
| PNC FINL SVCS GROUP INC(PNC) | 130,619 | 131,909 | +1,290 | 24,349,829 | 26,504,311 | 1.47% | +2,154,482 |
| CATALYST PHARMACEUTICALS INC(CPRX) | 0 | 108,616 | +108,616 | 0 | 2,139,735 | 0.12% | +2,139,735 |
| FRANCO NEV CORP(FNV) | 0 | 9,320 | +9,320 | 0 | 2,077,521 | 0.12% | +2,077,521 |
| COMCAST CORP NEW(CCZ) | 74,875 | 139,073 | +64,198 | 2,672,289 | 4,369,560 | 0.24% | +1,697,271 |
| EXXON MOBIL CORP | 276,717 | 278,242 | +1,525 | 29,829,291 | 31,371,385 | 1.74% | +1,542,094 |
| NOBLE CORP PLC(NE) | 285,719 | 289,439 | +3,720 | 7,585,839 | 8,185,335 | 0.45% | +599,496 |
| BROOKFIELD CORP(BN) | 56,500 | 56,500 | 0 | 3,494,525 | 3,874,770 | 0.22% | +380,245 |
| SABRA HEALTH CARE REIT INC(SBRA) | 0 | 18,886 | +18,886 | 0 | 352,035 | 0.02% | +352,035 |
| PUBLIC STORAGE OPER CO(PSA) | 0 | 1,150 | +1,150 | 0 | 332,178 | 0.02% | +332,178 |
| JPMORGAN CHASE & CO.(JPM) | 7,000 | 7,000 | 0 | 2,029,370 | 2,208,010 | 0.12% | +178,640 |
| BERKSHIRE HATHAWAY INC DEL | 9,000 | 9,000 | 0 | 4,371,930 | 4,524,660 | 0.25% | +152,730 |
| CHEVRON CORP NEW(CVX) | 11,000 | 11,000 | 0 | 1,575,090 | 1,708,190 | 0.09% | +133,100 |
| WELLS FARGO CO NEW(WFC) | 5,000 | 5,000 | 0 | 400,600 | 419,100 | 0.02% | +18,500 |
| EXELIXIS INC(EXEL) | 76,310 | 81,696 | +5,386 | 3,363,347 | 3,374,045 | 0.19% | +10,698 |
| FOMENTO ECONOMICO MEXICANO S(FMX) | 8,000 | 8,000 | 0 | 823,840 | 789,040 | 0.04% | -34,800 |
| HALOZYME THERAPEUTICS INC(HALO) | 43,428 | 30,199 | -13,229 | 2,259,107 | 2,214,770 | 0.12% | -44,337 |
| TENARIS S A(TS) | 59,349 | 59,349 | 0 | 2,219,653 | 2,122,914 | 0.12% | -96,739 |
| ARCOS DORADOS HOLDINGS INC(ARCO) | 127,142 | 127,142 | 0 | 1,003,150 | 858,208 | 0.05% | -144,942 |
| GOLDMINING INC | 901,996 | 401,996 | -500,000 | 649,862 | 491,139 | 0.03% | -158,723 |
| M & T BK CORP(MTB) | 13,020 | 11,240 | -1,780 | 2,525,750 | 2,221,249 | 0.12% | -304,501 |
| EAST WEST BANCORP INC(EWBC) | 3,890 | 0 | -3,890 | 392,812 | 0 | — | -392,812 |
| ANHEUSER BUSCH INBEV SA/NV(BUD) | 45,000 | 45,000 | 0 | 3,092,400 | 2,682,450 | 0.15% | -409,950 |
| BEST BUY INC(BBY) | 20,407 | 12,094 | -8,313 | 1,369,922 | 914,548 | 0.05% | -455,374 |
| OWENS CORNING NEW(OC) | 28,564 | 24,382 | -4,182 | 3,928,121 | 3,449,150 | 0.19% | -478,971 |
| NOVAGOLD RES INC | 423,670 | 140,480 | -283,190 | 1,732,810 | 1,236,224 | 0.07% | -496,586 |
| SKEENA RES LTD NEW(SKE) | 1,511,655 | 1,270,055 | -241,600 | 24,071,426 | 23,394,043 | 1.30% | -677,383 |
| MUELLER INDS INC(MLI) | 70,076 | 47,988 | -22,088 | 5,568,880 | 4,852,067 | 0.27% | -716,813 |
| ENERSYS(ENS) | 65,344 | 41,526 | -23,818 | 5,604,555 | 4,690,812 | 0.26% | -913,743 |
| FLUOR CORP NEW(FLR) | 18,590 | 0 | -18,590 | 953,109 | 0 | — | -953,109 |
| INCYTE CORP(INCY) | 69,325 | 44,135 | -25,190 | 4,721,032 | 3,743,071 | 0.21% | -977,961 |
| OSHKOSH CORP(OSK) | 34,886 | 18,991 | -15,895 | 3,960,796 | 2,463,104 | 0.14% | -1,497,692 |
| PHILIP MORRIS INTL INC(PM) | 94,109 | 95,079 | +970 | 17,139,609 | 15,421,549 | 0.86% | -1,718,060 |
| AXCELIS TECHNOLOGIES INC | 24,731 | 0 | -24,731 | 1,723,503 | 0 | — | -1,723,503 |
| ROYALTY PHARMA PLC(RPRX) | 177,931 | 130,184 | -47,747 | 6,410,705 | 4,592,784 | 0.26% | -1,817,921 |
| COPA HOLDINGS SA(CPA) | 56,488 | 36,729 | -19,759 | 6,211,769 | 4,363,910 | 0.24% | -1,847,859 |
| IAMGOLD CORP(IAG) | 258,300 | 0 | -258,300 | 1,898,505 | 0 | — | -1,898,505 |
| ALLIED GOLD CORP(AAUC) | 793,940 | 498,940 | -295,000 | 10,669,758 | 8,720,593 | 0.48% | -1,949,165 |
| SANDSTORM GOLD LTD | 210,090 | 0 | -210,090 | 1,974,846 | 0 | — | -1,974,846 |
| BLOCK H & R INC | 125,597 | 91,950 | -33,647 | 6,893,914 | 4,649,911 | 0.26% | -2,244,003 |
| ENDAVA PLC | 209,187 | 64,000 | -145,187 | 3,204,745 | 582,400 | 0.03% | -2,622,345 |
| AGNICO EAGLE MINES LTD(AEM) | 22,679 | 0 | -22,679 | 2,697,213 | 0 | — | -2,697,213 |
| HARMONY BIOSCIENCES HLDGS IN(HRMY) | 86,211 | 0 | -86,211 | 2,724,194 | 0 | — | -2,724,194 |
| GRIFFON CORP(GFF) | 41,320 | 0 | -41,320 | 2,990,261 | 0 | — | -2,990,261 |
| BORGWARNER INC | 213,507 | 91,181 | -122,326 | 7,147,945 | 4,008,279 | 0.22% | -3,139,666 |
| DORMAN PRODS INC(DORM) | 55,616 | 22,392 | -33,224 | 6,822,298 | 3,490,465 | 0.19% | -3,331,833 |
| MATSON INC(MATX) | 30,740 | 0 | -30,740 | 3,422,863 | 0 | — | -3,422,863 |
| TOLL BROTHERS INC(TOL) | 58,679 | 23,670 | -35,009 | 6,697,183 | 3,269,674 | 0.18% | -3,427,509 |
| POWELL INDS INC(POWL) | 17,271 | 0 | -17,271 | 3,634,359 | 0 | — | -3,634,359 |
| CHEESECAKE FACTORY INC(CAKE) | 297,629 | 265,599 | -32,030 | 18,649,433 | 14,512,329 | 0.81% | -4,137,104 |
| REV GROUP INC | 102,398 | 0 | -102,398 | 4,873,077 | 0 | — | -4,873,077 |
| ARCHER DANIELS MIDLAND CO | 93,910 | 0 | -93,910 | 4,956,570 | 0 | — | -4,956,570 |
| HEWLETT PACKARD ENTERPRISE C(HPE) | 440,760 | 164,531 | -276,229 | 9,013,305 | 4,040,746 | 0.22% | -4,972,559 |
| KB HOME(KBH) | 107,751 | 0 | -107,751 | 5,707,570 | 0 | — | -5,707,570 |
| NEW GOLD INC CDA | 1,200,134 | 0 | -1,200,134 | 5,940,663 | 0 | — | -5,940,663 |