Ruffer LLP Portfolio Holdings

Ruffer LLP

$1.93 Billion
Q2 2025

Ruffer LLP has filed its 13F form on July 16, 2025 for Q2 2025 where it was disclosed a total value porftolio of $1.93 Billion distributed in 98 stocks.

Among their holdings, we can observe that their the top five positions include companies like: Newmont Corp with a value of $291M, Barrick Gold Corp with a value of $192M, Amazon Com Inc with a value of $160M, Bank Of America Corp with a value of $136M, and Citigroup Inc with a value of $80.7M.

Examining the 13F form we can see an decrease of $637M in the current position value, from $2.57B to 1.93B.

Below you can find more details about Ruffer LLP portfolio as well as his latest detailed transactions.

Portfolio value $1.93 Billion

Basic Materials: $765 Million

Consumer Cyclical: $273 Million

Financial Services: $251 Million

Energy: $156 Million

Healthcare: $129 Million

Industrials: $126 Million

Communication Services: $95.9 Million

Technology: $88.5 Million

Other: $45 Million

Stock Holdings Table Market Cap. of $10 Billions to $200 Billions

Stock	Market Cap.	Holding Value (Reported)	# of Shares.	Last Trade
NEM Newmont Corp Basic Materials	$54.7B	$291 Million 15.1% of portfolio	4,999,932	Q2 2025 Reduced 24.21%
GOLD Barrick Gold Corp Basic Materials	$37.2B	$192 Million 9.95% of portfolio	9,216,104	Q2 2025 Reduced 11.61%
C Citigroup Inc Financial Services	$180B	$80.7 Million 4.19% of portfolio	948,652	Q2 2025 Reduced 71.13%
BP Bp PLC Energy	$105B	$68.7 Million 3.56% of portfolio	2,294,330	Q2 2025 Reduced 5.93%
RYAAY Ryanair Holdings PLC Industrials	$14.6B	$53.7 Million 2.79% of portfolio	931,799	Q2 2025 Reduced 29.56%
SU Suncor Energy Inc Energy	$53.5B	$34.8 Million 1.8% of portfolio	929,257	Q2 2025 Reduced 4.54%
PFE Pfizer Inc Healthcare	$138B	$33.9 Million 1.76% of portfolio	1,399,513	Q2 2025 Reduced 36.16%
IQV Iqvia Holdings Inc. Healthcare	$33.4B	$32.8 Million 1.7% of portfolio	207,887	Q2 2025 New
ALC Alcon Inc Healthcare	$42B	$27.2 Million 1.41% of portfolio	308,649	Q2 2025 New
PNC Pnc Financial Services Group, Inc. Financial Services	$76.7B	$24.3 Million 1.26% of portfolio	130,619	Q2 2025 Added 49.22%
WPM Wheaton Precious Metals Corp. Basic Materials	$45.5B	$17 Million 0.88% of portfolio	189,484	Q2 2025 Reduced 34.6%
KGC Kinross Gold Corp Basic Materials	$24.7B	$14.7 Million 0.76% of portfolio	940,837	Q2 2025 Reduced 73.97%
FOXA Fox Corp Communication Services	$16.5B	$12.9 Million 0.67% of portfolio	230,258	Q2 2025 Reduced 12.86%
SNX Td Synnex Corp Technology	$14B	$11.7 Million 0.6% of portfolio	85,976	Q2 2025 Reduced 14.32%
PPC Pilgrims Pride Corp Consumer Defensive	$11.8B	$10.2 Million 0.53% of portfolio	226,137	Q2 2025 Reduced 0.98%
OVV Ovintiv Inc. Energy	$10.1B	$9.74 Million 0.51% of portfolio	256,076	Q2 2025 New
HPE Hewlett Packard Enterprise CO Technology	$26.8B	$9.01 Million 0.47% of portfolio	440,760	Q2 2025 Reduced 33.77%
MTCH Match Group, Inc. Communication Services	$10.2B	$8.83 Million 0.46% of portfolio	285,867	Q2 2025 New
TAP Molson Coors Beverage CO Consumer Defensive	$10.2B	$8.8 Million 0.46% of portfolio	183,014	Q2 2025 Reduced 3.02%
NLOK Norton Life Lock Inc. Technology	$14.3B	$7.69 Million 0.4% of portfolio	357,900	Q2 2025 New
TOL Toll Brothers, Inc. Consumer Cyclical	$14.3B	$6.7 Million 0.35% of portfolio	58,679	Q2 2025 Added 47.55%
PHM Pultegroup Inc Consumer Cyclical	$27.7B	$6.61 Million 0.34% of portfolio	62,701	Q2 2025 Added 48.42%
RPRX Royalty Pharma PLC Healthcare	$16.4B	$6.41 Million 0.33% of portfolio	177,931	Q2 2025 New
ADM Archer Daniels Midland CO Consumer Defensive	$31.8B	$4.96 Million 0.26% of portfolio	93,910	Q2 2025 Reduced 90.69%
GILD Gilead Sciences, Inc. Healthcare	$150B	$5 Million 0.26% of portfolio	45,097	Q2 2025 New
INCY Incyte Corp Healthcare	$17.4B	$4.72 Million 0.24% of portfolio	69,325	Q2 2025 Reduced 12.59%
OC Owens Corning Industrials	$13.4B	$3.93 Million 0.2% of portfolio	28,564	Q2 2025 Reduced 18.07%
EXEL Exelixis, Inc. Healthcare	$12.1B	$3.36 Million 0.17% of portfolio	76,310	Q2 2025 Reduced 36.52%
UTHR United Therapeutics Corp Healthcare	$13.7B	$3.09 Million 0.16% of portfolio	10,763	Q2 2025 Reduced 25.12%
BUD Anheuser Busch In Bev Sa Consumer Defensive	$125B	$3.09 Million 0.16% of portfolio	45,000	Q4 2024 Added 50.0%
AEM Agnico Eagle Mines LTD Basic Materials	$61.7B	$2.7 Million 0.14% of portfolio	22,679	Q2 2025 Reduced 75.05%
CMCSA Comcast Corp Communication Services	$139B	$2.67 Million 0.14% of portfolio	74,875	Q2 2025 New
MTB M&T Bank Corp Financial Services	$32.4B	$2.53 Million 0.13% of portfolio	13,020	Q2 2025 Added 3.75%
TS Tenaris Sa Energy	$21.1B	$2.22 Million 0.12% of portfolio	59,349	Q1 2025 Reduced 65.83%
BBY Best Buy CO Inc Consumer Cyclical	$15.5B	$1.37 Million 0.07% of portfolio	20,407	Q2 2025 New
FMX Mexican Economic Development Inc Consumer Defensive	$31.1B	$823,000 0.04% of portfolio	8,000	Q4 2024 Reduced 66.67%
EWBC East West Bancorp Inc Financial Services	$14B	$392,000 0.02% of portfolio	3,890	Q2 2025 Reduced 65.27%

Summary

Portfolio
No. of Stocks 98
Current Value $1.93 Billion
Prior Value $2.57 Billion
Filing
Period Q2 2025
Filing Date July 16, 2025
Form Type 13F-HR
Activity in Q2 2025
New Purchases 29 stocks
Additional Purchases 24 stocks
Sold out of 0 stocks
Reduced holdings in 36 stocks

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