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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
+3.68%
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
$2.2B
AUM Growth
+$397M
Cap. Flow
+$296M
Cap. Flow %
13.47%
Top 10 Hldgs %
45.11%
Holding
184
New
83
Increased
28
Reduced
34
Closed
30
Avg Time Held
4.5 quarters
Top 10 Avg Time Held
2.3 quarters
Top 20 Avg Time Held
3.2 quarters

Top Buys

Rank Stock Value
1
COIN icon
Coinbase
COIN
+$219M
2
SW icon
Smurfit Westrock
SW
+$142M
3
DIS icon
Walt Disney
DIS
+$62.5M
4
FND icon
Floor & Decor
FND
+$50.2M
5
SLB icon
SLB Ltd
SLB
+$41.6M

Top Sells

Rank Stock Value
1
COO icon
Cooper Companies
COO
+$77.5M
2
NEM icon
Newmont
NEM
+$65M
3
TSM icon
TSMC
TSM
+$50.8M
4
B icon
Barrick Mining
B
+$43.1M
5
EQX icon
Equinox Gold
EQX
+$36.1M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 24.35%
2 Materials 22.04%
3 Financials 17.75%
4 Energy 11.07%
5 Healthcare 6.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
B icon
26
Barrick Mining
B
$66.7B
$28.4M 1.29%
650,660
-1,149,975
-64% -$43.1M
2013 Q4
48 quarters
AU icon
27
AngloGold Ashanti
AU
$46.4B
$27.4M 1.25%
320,997
-269,966
-46% -$21.1M
2025 Q2
2 quarters
NOMD icon
28
Nomad Foods
NOMD
$1.6B
$26.8M 1.22%
+2,140,876
New +$26.1M
2025 Q4
0 quarters
COO icon
29
Cooper Companies
COO
$10.4B
$25.6M 1.17%
312,164
-1,035,686
-77% -$77.5M
2025 Q2
2 quarters
TECK icon
30
Teck Resources
TECK
$33B
$21.4M 0.98%
447,145
-55,457
-11% -$2.4M
2025 Q3
1 quarter
SKE icon
31
Skeena Resources
SKE
$3.95B
$19.4M 0.88%
814,056
-455,999
-36% -$8.99M
2022 Q2
14 quarters
VIST icon
32
Vista Energy
VIST
$7.63B
$19.2M 0.88%
+394,510
New +$17.8M
2025 Q4
0 quarters
NEM icon
33
Newmont
NEM
$122B
$16.5M 0.75%
164,819
-719,198
-81% -$65M
2015 Q4
40 quarters
IFF icon
34
International Flavors & Fragrances
IFF
$22.5B
$16M 0.73%
237,473
+17,263
+8% +$1.12M
2025 Q3
1 quarter
SIG icon
35
Signet Jewelers
SIG
$4.14B
$15.4M 0.7%
+185,192
New +$17.6M
2025 Q4
0 quarters
CP icon
36
Canadian Pacific Kansas City
CP
$75.4B
$15.2M 0.69%
+206,459
New +$15.2M
2025 Q4
0 quarters
RGLD icon
37
Royal Gold
RGLD
$19.8B
$14.7M 0.67%
65,900
-17,040
-21% -$3.38M
2025 Q3
1 quarter
UHAL.B icon
38
U-Haul Holding Co Series N
UHAL.B
$9.58B
$14.3M 0.65%
304,952
+159,283
+109% +$7.75M
2025 Q3
1 quarter
AA icon
39
Alcoa
AA
$10.9B
$14.2M 0.64%
+265,910
New +$10.9M
2025 Q4
0 quarters
ITRG icon
40
Integra Resources
ITRG
$503M
$12.1M 0.55%
3,006,453
-150,000
-5% -$506K
2020 Q3
21 quarters
TSM icon
41
TSMC
TSM
$2.31T
$9.49M 0.43%
31,175
-173,212
-85% -$50.8M
2023 Q1
11 quarters
FHI icon
42
Federated Hermes
FHI
$4.11B
$7.81M 0.36%
149,689
+32,908
+28% +$1.67M
2025 Q3
1 quarter
FOXA icon
43
Fox Class A
FOXA
$26.4B
$7.55M 0.34%
103,210
+16,046
+18% +$1.05M
2024 Q4
4 quarters
DV icon
44
DoubleVerify
DV
$2.12B
$7.4M 0.34%
+645,691
New +$7.12M
2025 Q4
0 quarters
MMS icon
45
Maximus
MMS
$3.04B
$6.95M 0.32%
+80,396
New +$6.87M
2025 Q4
0 quarters
JHG icon
46
DELISTED
Janus Henderson
JHG
$6.66M 0.3%
139,713
+41,556
+42% +$1.84M
2025 Q3
1 quarter
CDE icon
47
Coeur Mining
CDE
$16.7B
$6.54M 0.3%
+366,238
New +$6.37M
2025 Q4
0 quarters
TROW icon
48
T. Rowe Price
TROW
$21.6B
$6.26M 0.29%
61,083
+18,939
+45% +$1.95M
2025 Q3
1 quarter
CPA icon
49
Copa Holdings
CPA
$5.51B
$5.9M 0.27%
48,819
+12,090
+33% +$1.48M
2025 Q2
2 quarters
SAIC icon
50
Saic
SAIC
$5.59B
$5.81M 0.26%
+57,664
New +$5.51M
2025 Q4
0 quarters
1
2
3 4 5

Similar funds

DCM
Dorsal Capital Management Redwood City, California $2.82B AUM 7.73% 1-Year Est. Return
BDLIB
Banque de Luxembourg Investments (BLI) Luxembourg City, Luxembourg $2.83B AUM 14.03% 1-Year Est. Return
DIG
Dragoneer Investment Group San Francisco, California $2.83B AUM 12.55% 1-Year Est. Return
PCIG
Partners Capital Investment Group Boston, Massachusetts $2.83B AUM 20.31% 1-Year Est. Return
KFA
Krane Funds Advisors New York $2.82B AUM 0.41% 1-Year Est. Return
HAG
HighPoint Advisor Group Downers Grove, Illinois $2.84B AUM 31.94% 1-Year Est. Return
FMC
First Merchants Corp Muncie, Indiana $2.84B AUM 15.58% 1-Year Est. Return
ORCP
One Rock Capital Partners New York $2.84B AUM

Ruffer LLP's Q4 2025 Portfolio in Review

As of Q4 2025, Ruffer LLP held 184 positions worth $2.2B, up 22% from $1.8B the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Ruffer LLP deployed $296M of net new capital in Q4 2025, opening 83 new positions and adding to 28 existing holdings. Its largest new stake was Coinbase: 735,190 shares worth $167M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 24% of assets, up from 16% a quarter earlier, followed by Materials and Financials.

On the sell side, the largest reduction was Cooper Companies, an estimated $77.5M trimmed.

  • Ruffer LLP's largest Q4 2025 buy was Coinbase: 735,190 shares worth $167M.
  • Ruffer LLP added most to Smurfit Westrock in Q4 2025, an estimated $142M increase.
  • Ruffer LLP's biggest Q4 2025 reduction was Cooper Companies, cutting an estimated $77.5M.
  • Ruffer LLP fully exited First Solar in Q4 2025, selling an estimated $34.6M.
  • Ruffer LLP's ten largest holdings make up 45% of its $2.2B portfolio in Q4 2025.
  • Ruffer LLP opened 83 new positions and closed 30 in Q4 2025.
  • Ruffer LLP's portfolio value rose 22% quarter-over-quarter to $2.2B.

Based on Ruffer LLP's 13F filing for Q4 2025, filed 28 Jan 2026.