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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
Avg Time Held
4.6
quarters
Top 10 Avg Time Held
3.6
quarters
Top 20 Avg Time Held
3.7
quarters
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 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
26
PNC Financial Services
PNC
$88.3B
| $35.8M | 1.27% |
145,485
-1,910
| -1% | -$428K |
2023 Q1
13 quarters
|
|
27
Canadian Pacific Kansas City
CP
$75.2B
| $33.4M | 1.18% |
386,182
+11,640
| +3% | +$997K |
2025 Q4
2 quarters
|
|
28
Charles Schwab
SCHW
$168B
| $33M | 1.17% |
+358,432
| New | +$32.7M |
2026 Q2
0 quarters
|
|
29
Vista Energy
VIST
$7.68B
| $33M | 1.17% |
518,201
-14,719
| -3% | -$1.04M |
2025 Q4
2 quarters
|
|
30
Signet Jewelers
SIG
$4.06B
| $31M | 1.1% |
360,278
+132,643
| +58% | +$11.5M |
2025 Q4
2 quarters
|
|
31
Eagle Materials
EXP
$5.02B
| $29.7M | 1.05% |
131,978
+121,317
| +1,138% | +$25.4M |
2026 Q1
1 quarter
|
|
32
Pfizer
PFE
$162B
| $27.1M | 0.96% |
1,126,006
-23,747
| -2% | -$621K |
2021 Q2
20 quarters
|
|
33
DELISTED
Warner Bros
WBD
| $24.5M | 0.87% |
920,507
+359,418
| +64% | +$9.72M |
2026 Q1
1 quarter
|
|
34
Galiano Gold
GAU
$565M
| $24.2M | 0.86% |
12,994,532
-230,000
| -2% | -$533K |
2018 Q4
30 quarters
|
|
35
Aris Mining
ARIS
$3.5B
| $23.9M | 0.85% |
1,605,529
-267,004
| -14% | -$4.8M |
2023 Q3
11 quarters
|
|
36
Eldorado Gold
EGO
$9.79B
| $20.9M | 0.74% |
674,029
-225,329
| -25% | -$7.34M |
2025 Q1
5 quarters
|
|
37
Kinross Gold
KGC
$27.9B
| $20.6M | 0.73% |
874,179
+541,739
| +163% | +$15.9M |
2026 Q1
1 quarter
|
|
38
Walt Disney
DIS
$187B
| $20.4M | 0.72% |
211,815
+150,535
| +246% | +$15.3M |
2025 Q4
2 quarters
|
|
39
Airbnb
ABNB
$96.4B
| $20M | 0.71% |
+139,870
| New | +$19.1M |
2026 Q2
0 quarters
|
|
40
Venture Global Inc
VG
$32.8B
| $19.9M | 0.7% |
1,789,003
+1,328,198
| +288% | +$16.8M |
2026 Q1
1 quarter
|
|
41
Fluor
FLR
$6.65B
| $19.7M | 0.7% |
+375,643
| New | +$18.4M |
2026 Q2
0 quarters
|
|
42
Cooper Companies
COO
$10.6B
| $19.2M | 0.68% |
268,591
+52,420
| +24% | +$3.43M |
2025 Q2
4 quarters
|
|
43
Coeur Mining
CDE
$17.2B
| $19.1M | 0.67% |
1,168,748
+784,716
| +204% | +$14.3M |
2025 Q4
2 quarters
|
|
44
The Magnum Ice Cream Company N.V.
MICC
$10.8B
| $18.8M | 0.67% |
1,082,605
+327,041
| +43% | +$5.09M |
2025 Q4
2 quarters
|
|
45
International Flavors & Fragrances
IFF
$21.7B
| $18.1M | 0.64% |
228,297
-63,316
| -22% | -$4.71M |
2025 Q3
3 quarters
|
|
46
Wise Group
WSE
$11.7B
| $17M | 0.6% |
+1,415,047
| New | +$16.9M |
2026 Q2
0 quarters
|
|
47
OceanaGold Corp
OGC
$6.08B
| $16.7M | 0.59% |
+667,801
| New | +$20M |
2026 Q2
0 quarters
|
|
48
SSR Mining
SSRM
$7.23B
| $16.5M | 0.58% |
583,120
-148,504
| -20% | -$4.52M |
2026 Q1
1 quarter
|
|
49
Autoliv
ALV
$8.09B
| $15.9M | 0.56% |
+137,005
| New | +$16.3M |
2026 Q2
0 quarters
|
|
50
Barrick Mining
B
$67.2B
| $15.8M | 0.56% |
431,774
-139,651
| -24% | -$5.72M |
2013 Q4
50 quarters
|
|
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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.