Ruffer LLP
Q1 2014 13F-HR Holdings
Net value change ($000)
+646,198
(24.6%)
New positions
23
Sold out positions
9
Turnover %
11.8%
Sector allocation + QoQ delta (equities-only)
Snapshot: Change Analysis
Compared to Q4 2013
Methodology:
sector metrics are equities-only;
instrument mix chart is ex-options;
options exposure is shown separately.
Why this matters.
Top Adds (Value $000, Stocks/ETFs)
| LEUCADIA NATIONAL CO | 163,574 | 4816.7% |
| ORCL | 102,712 | NEW |
| B | 96,144 | 206.4% |
| VALE | 69,812 | NEW |
| WMT | 60,222 | NEW |
| NVS | 32,889 | NEW |
| CUK | 32,224 | NEW |
| VZ | 31,896 | NEW |
| QCOM | 30,267 | 14.0% |
| GD | 23,908 | 12.3% |
Top Reduces (Value $000, Stocks/ETFs)
| IBM | -33,834 | -13.0% |
| FCX | -32,713 | -27.5% |
| JNJ | -15,676 | -26.0% |
| GFI | -15,059 | -96.1% |
| LMT | -7,884 | -2.1% |
| MRC GLOBAL INC. | -4,541 | -33.7% |
| KGC | -4,099 | -9.4% |
| MEDVATION | -3,187 | -100.0% |
| COACH INC | -2,778 | -7.8% |
| Alphabet Inc. Class C | -2,395 | -3.7% |
Instrument mix + QoQ Δ (ex-options)
How this table is calculated:
SEC
VALUE ($000) is used as reported.
For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received.
Column % is bucket-based:
non-options share is calculated inside non-option total, options share is calculated inside options total.
Details.
Filter:
Instrument:
| Issuer Name | Ticker | Sector | Industry | Class | History | Value ($000) | % | Shares | Shares Δ | Shares Δ% | Value Δ ($000) | Value Δ% | Principal | Option Type |
|---|