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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
(+22%)
Cap. Flow
+$296M
Cap. Flow
% of AUM
13.47%
Top 10 Holdings %
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 |
Coinbase
COIN
|
+$219M |
| 2 |
Smurfit Westrock
SW
|
+$142M |
| 3 |
Walt Disney
DIS
|
+$62.5M |
| 4 |
Floor & Decor
FND
|
+$50.2M |
| 5 |
SLB Ltd
SLB
|
+$41.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cooper Companies
COO
|
+$77.5M |
| 2 |
Newmont
NEM
|
+$65M |
| 3 |
TSMC
TSM
|
+$50.8M |
| 4 |
Barrick Mining
B
|
+$43.1M |
| 5 |
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 | |
|---|---|---|---|---|---|---|---|
51
TD Synnex
SNX
$22B
| $5.53M | 0.25% |
36,770
+9,576
| +35% | +$1.47M |
2024 Q4
4 quarters
|
|
52
The Magnum Ice Cream Company N.V.
MICC
$10.7B
| $5.4M | 0.25% |
+340,183
| New | +$5.33M |
2025 Q4
0 quarters
|
|
53
Teleflex
TFX
$5.27B
| $5.15M | 0.23% |
+42,166
| New | +$5.11M |
2025 Q4
0 quarters
|
|
54
H&R Block
HRB
$5.37B
| $5.15M | 0.23% |
118,033
+26,083
| +28% | +$1.22M |
2024 Q4
4 quarters
|
|
55
Virtu Financial
VIRT
$4.94B
| $5M | 0.23% |
149,707
+46,470
| +45% | +$1.59M |
2025 Q3
1 quarter
|
|
56
HF Sinclair
DINO
$22.8B
| $4.72M | 0.22% |
102,340
+27,465
| +37% | +$1.42M |
2025 Q3
1 quarter
|
|
57
Cal-Maine
CALM
$2.93B
| $4.64M | 0.21% |
58,210
+20,121
| +53% | +$1.77M |
2025 Q3
1 quarter
|
|
58
iShares MSCI China A ETF
CNYA
$193M
| $4.54M | 0.21% |
+131,000
| New | +$4.47M |
2025 Q4
0 quarters
|
|
59
Berkshire Hathaway Class B
BRK.B
$1.11T
| $4.53M | 0.21% |
9,000
| – | – |
2020 Q2
22 quarters
|
|
60
Pitney Bowes
PBI
$2.33B
| $4.48M | 0.2% |
+423,474
| New | +$4.39M |
2025 Q4
0 quarters
|
|
61
Micron Technology
MU
$1.08T
| $4.45M | 0.2% |
15,569
-10,095
| -39% | -$2.32M |
2025 Q3
1 quarter
|
|
62
Lear
LEA
$5.9B
| $4.4M | 0.2% |
+38,300
| New | +$4.09M |
2025 Q4
0 quarters
|
|
63
DHT Holdings
DHT
$4.29B
| $4.39M | 0.2% |
+358,738
| New | +$4.52M |
2025 Q4
0 quarters
|
|
64
Scorpio Tankers
STNG
$4.44B
| $4.37M | 0.2% |
+85,914
| New | +$4.9M |
2025 Q4
0 quarters
|
|
65
BorgWarner
BWA
$12.3B
| $4.15M | 0.19% |
91,926
+745
| +0.8% | +$32.6K |
2025 Q1
3 quarters
|
|
66
Brookfield
BN
$81.9B
| $3.9M | 0.18% |
84,750
| – | – |
2023 Q4
8 quarters
|
|
67
Best Buy
BBY
$18.4B
| $3.86M | 0.18% |
57,606
+45,512
| +376% | +$3.47M |
2025 Q2
2 quarters
|
|
68
Oshkosh
OSK
$7.93B
| $3.77M | 0.17% |
29,982
+10,991
| +58% | +$1.41M |
2025 Q1
3 quarters
|
|
69
Teekay Tankers
TNK
$3.69B
| $3.74M | 0.17% |
+69,863
| New | +$3.92M |
2025 Q4
0 quarters
|
|
70
Crocs
CROX
$5.63B
| $3.67M | 0.17% |
+42,877
| New | +$3.59M |
2025 Q4
0 quarters
|
|
71
General Motors
GM
$73.7B
| $3.64M | 0.17% |
+44,694
| New | +$3.15M |
2025 Q4
0 quarters
|
|
72
United Parks & Resorts
PRKS
$1.54B
| $3.56M | 0.16% |
+97,970
| New | +$4.07M |
2025 Q4
0 quarters
|
|
73
Royalty Pharma
RPRX
$25.2B
| $3.5M | 0.16% |
90,432
-39,752
| -31% | -$1.52M |
2025 Q2
2 quarters
|
|
74
RH
RH
$2.19B
| $3.45M | 0.16% |
+19,219
| New | +$3.29M |
2025 Q4
0 quarters
|
|
75
Beacon Financial Corp
BBT
$2.29B
| $3.43M | 0.16% |
+130,048
| New | +$3.29M |
2025 Q4
0 quarters
|
|
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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.