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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
+24.49%
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
$1.8B
AUM Growth
-$461M
Cap. Flow
-$868M
Cap. Flow %
-48.26%
Top 10 Hldgs %
46.44%
Holding
130
New
32
Increased
18
Reduced
42
Closed
29

Top Buys

Rank Stock Value
1
COO icon
Cooper Companies
COO
+$77.9M
2
EXR icon
Extra Space Storage
EXR
+$48.4M
3
FSLR icon
First Solar
FSLR
+$30.1M
4
MRK icon
Merck
MRK
+$22.9M
5
TECK icon
Teck Resources
TECK
+$18.3M

Top Sells

Rank Stock Value
1
NEM icon
Newmont
NEM
+$287M
2
B
Barrick Mining
B
+$188M
3
SW
Smurfit Westrock
SW
+$170M
4
C icon
Citigroup
C
+$88M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$65.9M

Sector Composition

Rank Sector Weight
1 Materials 32.58%
2 Healthcare 17.01%
3 Consumer Discretionary 16.29%
4 Energy 9.5%
5 Financials 8.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TECK icon
26
Teck Resources
TECK
$29.6B
$22.1M 1.23%
+502,602
New +$18.3M
UTHR icon
27
United Therapeutics
UTHR
$25.8B
$20.3M 1.13%
48,545
+37,782
+351% +$12.7M
GILD icon
28
Gilead Sciences
GILD
$162B
$20.2M 1.13%
182,343
+137,246
+304% +$15.6M
IQV icon
29
IQVIA
IQV
$38.7B
$19.6M 1.09%
102,970
-104,917
-50% -$19.1M
UHS icon
30
Universal Health Services
UHS
$10.2B
$18.1M 1.01%
+88,680
New +$16M
RGLD icon
31
Royal Gold
RGLD
$16.8B
$16.6M 0.92%
+82,940
New +$14.3M
RYAAY icon
32
Ryanair
RYAAY
$30.4B
$15.6M 0.87%
259,683
-672,116
-72% -$41M
PM icon
33
Philip Morris
PM
$297B
$15.4M 0.86%
95,079
+970
+1% +$163K
SOLV icon
34
Solventum
SOLV
$14.8B
$15.2M 0.84%
+207,557
New +$15.2M
CAKE icon
35
Cheesecake Factory
CAKE
$5.04B
$14.5M 0.81%
265,599
-32,030
-11% -$1.96M
IFF icon
36
International Flavors & Fragrances
IFF
$20.2B
$13.6M 0.75%
+220,210
New +$15.1M
REGN icon
37
Regeneron Pharmaceuticals
REGN
$78.5B
$12.1M 0.67%
+21,540
New +$12.2M
ITRG
38
Integra Resources
ITRG
$424M
$9.21M 0.51%
3,156,453
-86,700
-3% -$174K
AAUC
39
Allied Gold Corp
AAUC
$2.31B
$8.72M 0.48%
498,940
-295,000
-37% -$4.15M
NE icon
40
Noble Corp
NE
$6.77B
$8.19M 0.46%
289,439
+3,720
+1% +$105K
UHAL.B icon
41
U-Haul Holding Co Series N
UHAL.B
$12.2B
$7.41M 0.41%
+145,669
New +$7.76M
BMY icon
42
Bristol-Myers Squibb
BMY
$133B
$6.84M 0.38%
+151,760
New +$7.09M
FHI icon
43
Federated Hermes
FHI
$4.55B
$6.06M 0.34%
+116,781
New +$5.92M
FOXA icon
44
Fox Class A
FOXA
$24.5B
$5.5M 0.31%
87,164
-143,094
-62% -$8.28M
GOOGL icon
45
Alphabet (Google) Class A
GOOGL
$4.36T
$5.46M 0.3%
22,450
-314,396
-93% -$65.9M
MLI icon
46
Mueller Industries
MLI
$14.7B
$4.85M 0.27%
95,976
-44,176
-32% -$2.03M
ENS icon
47
EnerSys
ENS
$6.78B
$4.69M 0.26%
41,526
-23,818
-36% -$2.34M
HRB icon
48
H&R Block
HRB
$5.58B
$4.65M 0.26%
91,950
-33,647
-27% -$1.78M
RPRX icon
49
Royalty Pharma
RPRX
$25.9B
$4.59M 0.26%
130,184
-47,747
-27% -$1.73M
BRK.B icon
50
Berkshire Hathaway Class B
BRK.B
$1.1T
$4.52M 0.25%
9,000
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1
2
3 4 5

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AIP
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AF
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SAI
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Ruffer LLP's Q3 2025 Portfolio in Review

As of Q3 2025, Ruffer LLP held 130 positions worth $1.8B, down 20% from $2.26B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Ruffer LLP withdrew a net $868M in Q3 2025, closing 29 positions and reducing 42 holdings. Its most notable exit was Coeur Mining, an estimated $32.3M position sold in full.

By sector, the portfolio is most concentrated in Materials at 33% of assets, down from 38% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Ruffer LLP opened a new position in Extra Space Storage worth $47.5M.

  • Ruffer LLP's largest Q3 2025 buy was Extra Space Storage: 336,942 shares worth $47.5M.
  • Ruffer LLP added most to Cooper Companies in Q3 2025, an estimated $77.9M increase.
  • Ruffer LLP's biggest Q3 2025 reduction was Newmont, cutting an estimated $287M.
  • Ruffer LLP fully exited Coeur Mining in Q3 2025, selling an estimated $32.3M.
  • Ruffer LLP's ten largest holdings make up 46% of its $1.8B portfolio in Q3 2025.
  • Ruffer LLP opened 32 new positions and closed 29 in Q3 2025.
  • Ruffer LLP's portfolio value fell 20% quarter-over-quarter to $1.8B.

Based on Ruffer LLP's 13F filing for Q3 2025, filed 3 Nov 2025.