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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
(-20%)
Cap. Flow
-$868M
Cap. Flow
% of AUM
-48.26%
Top 10 Holdings %
Top 10 Hldgs %
46.44%
Holding
130
New
32
Increased
18
Reduced
42
Closed
29
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cooper Companies
COO
|
+$77.9M |
| 2 |
Extra Space Storage
EXR
|
+$48.4M |
| 3 |
First Solar
FSLR
|
+$30.1M |
| 4 |
Merck
MRK
|
+$22.9M |
| 5 |
Teck Resources
TECK
|
+$18.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Newmont
NEM
|
+$287M |
| 2 |
B
Barrick Mining
B
|
+$188M |
| 3 |
SW
Smurfit Westrock
SW
|
+$170M |
| 4 |
Citigroup
C
|
+$88M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
|
TMHC
101
DELISTED
Taylor Morrison
TMHC
| $222K | 0.01% |
3,363
-98,157
| -97% | -$6.46M |
|
102
Axcelis
ACLS
$4.01B
| – | – |
-24,731
| Closed | -$1.72M |
|
103
ACM Research
ACMR
$5.42B
| – | – |
-264,706
| Closed | -$6.86M |
|
104
Archer Daniels Midland
ADM
$38.2B
| – | – |
-93,910
| Closed | -$4.96M |
|
105
Agnico Eagle Mines
AEM
$73.6B
| – | – |
-22,679
| Closed | -$2.7M |
|
106
Alcon
ALC
$33.6B
| – | – |
-308,649
| Closed | -$27.3M |
|
107
B2Gold
BTG
$5B
| – | – |
-3,395,988
| Closed | -$12.3M |
|
108
Boyd Gaming
BYD
$6.18B
| – | – |
-82,717
| Closed | -$6.47M |
|
109
Coeur Mining
CDE
$15.4B
| – | – |
-3,644,401
| Closed | -$32.3M |
|
|
CHX
110
DELISTED
ChampionX
CHX
| – | – |
-359,032
| Closed | -$8.92M |
|
111
East-West Bancorp
EWBC
$17.9B
| – | – |
-3,890
| Closed | -$393K |
|
112
Fluor
FLR
$7.01B
| – | – |
-18,590
| Closed | -$953K |
|
113
Genpact
G
$5.96B
| – | – |
-147,560
| Closed | -$6.49M |
|
114
Gen Digital
GEN
$16.4B
| – | – |
-357,900
| Closed | -$10.5M |
|
115
Griffon
GFF
$3.95B
| – | – |
-41,320
| Closed | -$2.99M |
|
116
Harmony Biosciences
HRMY
$2.04B
| – | – |
-86,211
| Closed | -$2.72M |
|
117
IAMGOLD
IAG
$8.2B
| – | – |
-258,300
| Closed | -$1.9M |
|
|
IPG
118
DELISTED
Interpublic Group of Companies
IPG
| – | – |
-497,484
| Closed | -$12.2M |
|
119
KB Home
KBH
$3.37B
| – | – |
-107,751
| Closed | -$5.71M |
|
120
Matsons
MATX
$6.13B
| – | – |
-30,740
| Closed | -$3.42M |
|
121
Maximus
MMS
$3.17B
| – | – |
-104,359
| Closed | -$7.33M |
|
|
NGD
122
DELISTED
New Gold Inc
NGD
| – | – |
-1,200,134
| Closed | -$5.94M |
|
123
Ovintiv
OVV
$17.3B
| – | – |
-256,076
| Closed | -$9.74M |
|
124
Pultegroup
PHM
$24.1B
| – | – |
-62,701
| Closed | -$6.61M |
|
125
Powell Industries
POWL
$7.6B
| – | – |
-51,813
| Closed | -$3.63M |
|
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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.