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Ruffer LLP Portfolio holdings
AUM
$2.83B
1-Year Est. Return
30.34%
This Fund
S&P 500
This Quarter
Est. Return
-0.23%
1 Year Est. Return
+30.34%
3 Year Est. Return
+98.01%
5 Year Est. Return
+139.76%
10 Year Est. Return
+587.97%
AUM
$2.83B
AUM Growth
+$384M
(+16%)
Cap. Flow
+$478M
Cap. Flow
% of AUM
16.88%
Top 10 Holdings %
Top 10 Hldgs %
35.57%
Holding
218
New
42
Increased
66
Reduced
71
Closed
31
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$67.2M |
| 2 |
NetEase
NTES
|
+$57.6M |
| 3 |
Microsoft
MSFT
|
+$57.2M |
| 4 |
Trip.com Group
TCOM
|
+$53.3M |
| 5 |
Full Truck Alliance
YMM
|
+$48.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coinbase
COIN
|
+$169M |
| 2 |
GE Aerospace
GE
|
+$23.7M |
| 3 |
Brown-Forman Class B
BF.B
|
+$21.6M |
| 4 |
BP
BP
|
+$20.8M |
| 5 |
SW
Smurfit Westrock
SW
|
+$14.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 27.43% |
| 2 | Energy | 14.51% |
| 3 | Technology | 12.78% |
| 4 | Materials | 12.5% |
| 5 | Financials | 11.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Amazon
AMZN
$2.76T
| $197M | 6.98% |
829,118
+267,591
| +48% | +$67.2M |
|
|
2
Microsoft
MSFT
$3.75T
| $169M | 5.99% |
454,873
+141,427
| +45% | +$57.2M |
|
3
Alibaba
BABA
$289B
| $121M | 4.29% |
1,265,069
+93,840
| +8% | +$11.8M |
|
|
SW
4
Smurfit Westrock
SW
$25.5B
| $113M | 3.98% |
2,438,889
-347,308
| -12% | -$14.3M |
|
5
Bank of America
BAC
$428B
| $74.2M | 2.62% |
1,304,202
-11,658
| -0.9% | -$620K |
|
6
Floor & Decor
FND
$5.68B
| $73.3M | 2.59% |
1,235,490
+134,765
| +12% | +$6.82M |
|
|
7
Coinbase
COIN
$50.3B
| $72.9M | 2.58% |
499,000
-936,990
| -65% | -$169M |
|
|
8
NetEase
NTES
$78.6B
| $62.5M | 2.21% |
+487,913
| New | +$57.6M |
|
9
SLB Ltd
SLB
$81.6B
| $62.3M | 2.2% |
1,341,534
-200,552
| -13% | -$10.7M |
|
|
10
BP
BP
$109B
| $60M | 2.12% |
1,624,940
-473,066
| -23% | -$20.8M |
|
11
Solventum
SOLV
$15.5B
| $59.8M | 2.12% |
776,468
-83,525
| -10% | -$6.09M |
|
12
Suncor Energy
SU
$77.7B
| $54.2M | 1.92% |
1,009,746
+5,684
| +0.6% | +$360K |
|
13
Lamar Advertising Co
LAMR
$15.3B
| $52.7M | 1.86% |
338,207
-283
| -0.1% | -$40.9K |
|
|
14
Brown-Forman Class B
BF.B
$12.5B
| $51.4M | 1.82% |
1,931,956
-799,920
| -29% | -$21.6M |
|
|
15
Full Truck Alliance
YMM
$9.1B
| $46.4M | 1.64% |
+5,724,180
| New | +$48.7M |
|
16
Equinox Gold
EQX
$15.7B
| $46M | 1.63% |
4,736,428
+609,593
| +15% | +$7.86M |
|
17
ExxonMobil
XOM
$643B
| $42.9M | 1.52% |
314,224
-7,482
| -2% | -$1.12M |
|
|
18
Trip.com Group
TCOM
$28.1B
| $42.8M | 1.51% |
+1,075,096
| New | +$53.3M |
|
19
JD.com
JD
$38.5B
| $39.1M | 1.38% |
+1,537,181
| New | +$45.3M |
|
20
Booking.com
BKNG
$152B
| $38.5M | 1.36% |
215,996
+62,321
| +41% | +$10.6M |
|
|
EXE
21
Expand Energy Corp
EXE
$22.7B
| $38.3M | 1.35% |
+420,557
| New | +$39.9M |
|
22
S&P Global
SPGI
$128B
| $38.1M | 1.35% |
+93,768
| New | +$39.6M |
|
23
Union Pacific
UNP
$183B
| $38M | 1.35% |
140,019
-29,237
| -17% | -$7.68M |
|
24
TotalEnergies
TTE
$191B
| $36.9M | 1.3% |
+474,930
| New | +$42M |
|
25
Berkshire Hathaway Class B
BRK.B
$1.08T
| $36.5M | 1.29% |
72,990
+63,990
| +711% | +$30.8M |
|
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Ruffer LLP's Q2 2026 Portfolio in Review
As of Q2 2026, Ruffer LLP held 218 positions worth $2.83B, up 16% from $2.44B the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Ruffer LLP deployed $478M of net new capital in Q2 2026, opening 42 new positions and adding to 66 existing holdings. Its largest new stake was NetEase: 487,913 shares worth $62.5M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 27% of assets, up from 23% a quarter earlier, followed by Energy and Technology.
On the sell side, the largest reduction was Coinbase, an estimated $169M trimmed.
- Ruffer LLP's largest Q2 2026 buy was NetEase: 487,913 shares worth $62.5M.
- Ruffer LLP added most to Amazon in Q2 2026, an estimated $67.2M increase.
- Ruffer LLP's biggest Q2 2026 reduction was Coinbase, cutting an estimated $169M.
- Ruffer LLP fully exited U-Haul Holding Co Series N in Q2 2026, selling an estimated $13.4M.
- Ruffer LLP's ten largest holdings make up 36% of its $2.83B portfolio in Q2 2026.
- Ruffer LLP opened 42 new positions and closed 31 in Q2 2026.
- Ruffer LLP's portfolio value rose 16% quarter-over-quarter to $2.83B.
Based on Ruffer LLP's 13F filing for Q2 2026, filed 30 Jul 2026.