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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 | |
|---|---|---|---|---|---|---|---|
|
51
GE Aerospace
GE
$320B
| $15.8M | 0.56% |
42,402
-75,640
| -64% | -$23.7M |
2017 Q2
36 quarters
|
|
52
Newmont
NEM
$123B
| $15.3M | 0.54% |
163,583
+29,124
| +22% | +$3.17M |
2015 Q4
42 quarters
|
|
53
Philip Morris
PM
$315B
| $12.7M | 0.45% |
70,063
-1,816
| -3% | -$315K |
2018 Q4
30 quarters
|
|
54
Paycom
PAYC
$10.6B
| $10.9M | 0.39% |
87,209
+31,985
| +58% | +$4.17M |
2025 Q4
2 quarters
|
|
55
Paychex
PAYX
$37.2B
| $10.1M | 0.36% |
102,561
+26,135
| +34% | +$2.47M |
2026 Q1
1 quarter
|
|
56
Red Rock Resorts
RRR
$2.97B
| $10.1M | 0.36% |
154,858
+107,601
| +228% | +$6.12M |
2026 Q1
1 quarter
|
|
57
Agnico Eagle Mines
AEM
$95.3B
| $9.83M | 0.35% |
+63,411
| New | +$11.7M |
2026 Q2
0 quarters
|
|
58
Integra Resources
ITRG
$519M
| $9.83M | 0.35% |
4,433,503
+448,478
| +11% | +$1.21M |
2020 Q3
23 quarters
|
|
59
Dynatrace
DT
$18.9B
| $9.28M | 0.33% |
211,477
+98,422
| +87% | +$3.83M |
2026 Q1
1 quarter
|
|
60
Royal Gold
RGLD
$20.1B
| $8.89M | 0.31% |
44,600
-1,670
| -4% | -$388K |
2025 Q3
3 quarters
|
|
61
Antero Midstream
AM
$10B
| $8.73M | 0.31% |
384,010
+33,650
| +10% | +$731K |
2026 Q1
1 quarter
|
|
62
Copa Holdings
CPA
$5.52B
| $8.12M | 0.29% |
52,227
+8,128
| +18% | +$1.06M |
2025 Q2
4 quarters
|
|
63
Fortinet
FTNT
$142B
| $7.99M | 0.28% |
52,054
-402
| -0.8% | -$46.5K |
2026 Q1
1 quarter
|
|
64
Centerra Gold
CGAU
$4.4B
| $7.98M | 0.28% |
504,233
-226,583
| -31% | -$3.97M |
2021 Q2
20 quarters
|
|
65
Skeena Resources
SKE
$4B
| $7.55M | 0.27% |
283,866
-115,170
| -29% | -$3.46M |
2022 Q2
16 quarters
|
|
66
Archer Daniels Midland
ADM
$38.8B
| $7.39M | 0.26% |
+96,890
| New | +$7.38M |
2026 Q2
0 quarters
|
|
67
Intuit
INTU
$81.8B
| $7.39M | 0.26% |
28,336
+19,065
| +206% | +$6.64M |
2026 Q1
1 quarter
|
|
68
M/I Homes
MHO
$3.19B
| $7.36M | 0.26% |
45,809
-6,450
| -12% | -$863K |
2025 Q4
2 quarters
|
|
69
DT Midstream
DTM
$12.8B
| $7.28M | 0.26% |
+49,640
| New | +$7.02M |
2026 Q2
0 quarters
|
|
70
SS&C Technologies
SSNC
$19B
| $7.25M | 0.26% |
117,022
+58,487
| +100% | +$3.97M |
2026 Q1
1 quarter
|
|
71
Canadian National Railway
CNI
$71.6B
| $7.18M | 0.25% |
60,250
-2,860
| -5% | -$326K |
2026 Q1
1 quarter
|
|
72
BCE
BCE
$17.6B
| $7.09M | 0.25% |
329,790
+49,750
| +18% | +$1.19M |
2026 Q1
1 quarter
|
|
73
Devon Energy
DVN
$53.9B
| $7.08M | 0.25% |
+171,460
| New | +$7.95M |
2026 Q2
0 quarters
|
|
74
Pinnacle West Capital
PNW
$12.1B
| $6.97M | 0.25% |
+65,180
| New | +$6.67M |
2026 Q2
0 quarters
|
|
75
Genpact
G
$5.74B
| $6.95M | 0.25% |
252,992
+143,900
| +132% | +$4.73M |
2026 Q1
1 quarter
|
|
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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.