We are live on
!
Find out more
RL
Ruffer LLP Portfolio holdings
AUM
$2.44B
1-Year Est. Return
44.75%
This Fund
S&P 500
This Quarter
Est. Return
+10.8%
1 Year Est. Return
+44.75%
3 Year Est. Return
+105.9%
5 Year Est. Return
+158.64%
10 Year Est. Return
+642.68%
AUM
$2.26B
AUM Growth
-$337M
(-13%)
Cap. Flow
-$548M
Cap. Flow
% of AUM
-24.25%
Top 10 Holdings %
Top 10 Hldgs %
57.11%
Holding
123
New
29
Increased
24
Reduced
36
Closed
25
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SW
Smurfit Westrock
SW
|
+$194M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$55.1M |
| 3 |
AngloGold Ashanti
AU
|
+$49.4M |
| 4 |
Equinox Gold
EQX
|
+$37.2M |
| 5 |
IQVIA
IQV
|
+$31.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Citigroup
C
|
+$169M |
| 2 |
Amazon
AMZN
|
+$114M |
| 3 |
Alibaba
BABA
|
+$103M |
| 4 |
Newmont
NEM
|
+$85.2M |
| 5 |
Cigna
CI
|
+$63.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 38.43% |
| 2 | Consumer Discretionary | 20.74% |
| 3 | Financials | 11.27% |
| 4 | Energy | 7.23% |
| 5 | Healthcare | 6.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
ACM Research
ACMR
$5.83B
| $6.86M | 0.3% |
+264,706
| New | +$5.95M |
|
52
Dorman Products
DORM
$4.01B
| $6.82M | 0.3% |
55,616
+16,060
| +41% | +$1.95M |
|
53
Toll Brothers
TOL
$14B
| $6.7M | 0.3% |
58,679
+18,910
| +48% | +$1.96M |
|
54
Pultegroup
PHM
$24.5B
| $6.61M | 0.29% |
62,701
+20,456
| +48% | +$2.06M |
|
55
Genpact
G
$5.3B
| $6.49M | 0.29% |
+147,560
| New | +$6.68M |
|
56
Boyd Gaming
BYD
$6.47B
| $6.47M | 0.29% |
+82,717
| New | +$5.91M |
|
57
Royalty Pharma
RPRX
$26.1B
| $6.41M | 0.28% |
+177,931
| New | +$5.89M |
|
58
Taylor Morrison
TMHC
| $6.24M | 0.28% |
101,520
+30,451
| +43% | +$1.77M |
|
59
Copa Holdings
CPA
$5.56B
| $6.21M | 0.27% |
+56,488
| New | +$5.58M |
|
|
NGD
60
DELISTED
New Gold Inc
NGD
| $5.94M | 0.26% |
1,200,134
-2,002,936
| -63% | -$8.23M |
|
61
KB Home
KBH
$3.48B
| $5.71M | 0.25% |
107,751
+43,207
| +67% | +$2.3M |
|
62
EnerSys
ENS
$6.95B
| $5.6M | 0.25% |
65,344
+1,010
| +2% | +$88.1K |
|
63
Mueller Industries
MLI
$14.1B
| $5.57M | 0.25% |
+140,152
| New | +$5.29M |
|
64
Gilead Sciences
GILD
$161B
| $5M | 0.22% |
+45,097
| New | +$4.8M |
|
65
Archer Daniels Midland
ADM
$41.4B
| $4.96M | 0.22% |
93,910
-914,828
| -91% | -$44.5M |
|
|
ITRG
66
Integra Resources
ITRG
$438M
| $4.91M | 0.22% |
3,243,153
+4,800
| +0.1% | +$7.7K |
|
|
REVG
67
DELISTED
REV Group
REVG
| $4.87M | 0.22% |
+102,398
| New | +$3.81M |
|
68
Incyte
INCY
$23.5B
| $4.72M | 0.21% |
69,325
-9,988
| -13% | -$633K |
|
69
Berkshire Hathaway Class B
BRK.B
$1.07T
| $4.37M | 0.19% |
9,000
-10,480
| -54% | -$5.32M |
|
70
Oshkosh
OSK
$9.67B
| $3.96M | 0.18% |
34,886
+32,127
| +1,164% | +$3.12M |
|
71
Owens Corning
OC
$11.5B
| $3.93M | 0.17% |
28,564
-6,300
| -18% | -$870K |
|
72
Powell Industries
POWL
$8.46B
| $3.63M | 0.16% |
51,813
+1,386
| +3% | +$83.6K |
|
73
Brookfield
BN
$102B
| $3.49M | 0.15% |
84,750
| – | – |
|
74
Matsons
MATX
$6.37B
| $3.42M | 0.15% |
+30,740
| New | +$3.36M |
|
75
Exelixis
EXEL
$13.9B
| $3.36M | 0.15% |
76,310
-43,894
| -37% | -$1.75M |
|
Similar funds
QT
TMC
GWM
KFA
BW
M
BBA
PUI
Ruffer LLP's Q2 2025 Portfolio in Review
As of Q2 2025, Ruffer LLP held 123 positions worth $2.26B, down 13% from $2.6B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Ruffer LLP withdrew a net $548M in Q2 2025, closing 25 positions and reducing 36 holdings. Its most notable exit was Cigna, an estimated $63.2M position sold in full.
By sector, the portfolio is most concentrated in Materials at 38% of assets, down from 39% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Ruffer LLP opened a new position in Smurfit Westrock worth $196M.
- Ruffer LLP's largest Q2 2025 buy was Smurfit Westrock: 4,544,710 shares worth $196M.
- Ruffer LLP added most to Equinox Gold in Q2 2025, an estimated $37.2M increase.
- Ruffer LLP's biggest Q2 2025 reduction was Citigroup, cutting an estimated $169M.
- Ruffer LLP fully exited Cigna in Q2 2025, selling an estimated $63.2M.
- Ruffer LLP's ten largest holdings make up 57% of its $2.26B portfolio in Q2 2025.
- Ruffer LLP opened 29 new positions and closed 25 in Q2 2025.
- Ruffer LLP's portfolio value fell 13% quarter-over-quarter to $2.26B.
Based on Ruffer LLP's 13F filing for Q2 2025, filed 16 Jul 2025.