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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 | |
|---|---|---|---|---|---|---|---|
101
Atlantic Union Bankshares
AUB
$5.36B
| $2.98M | 0.14% |
+84,181
| New | +$2.89M |
2025 Q4
0 quarters
|
|
102
Prosperity Bancshares
PB
$7.97B
| $2.96M | 0.14% |
+42,828
| New | +$2.89M |
2025 Q4
0 quarters
|
|
103
Eastern Bankshares
EBC
$4.79B
| $2.96M | 0.13% |
+160,133
| New | +$2.93M |
2025 Q4
0 quarters
|
|
104
Aptiv
APTV
$9.19B
| $2.95M | 0.13% |
+38,692
| New | +$3.11M |
2025 Q4
0 quarters
|
|
105
Corebridge Financial
CRBG
$15.3B
| $2.94M | 0.13% |
+97,176
| New | +$2.99M |
2025 Q4
0 quarters
|
|
106
DELISTED
Synovus
SNV
| $2.92M | 0.13% |
+58,348
| New | +$2.81M |
2025 Q4
0 quarters
|
|
107
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.74B
| $2.89M | 0.13% |
+91,948
| New | +$2.9M |
2025 Q4
0 quarters
|
|
108
AB InBev
BUD
$155B
| $2.89M | 0.13% |
45,000
| – | – |
2022 Q2
14 quarters
|
|
109
Old National Bancorp
ONB
$9.42B
| $2.87M | 0.13% |
+128,478
| New | +$2.77M |
2025 Q4
0 quarters
|
|
110
Caesars Entertainment
CZR
$6.01B
| $2.82M | 0.13% |
+120,390
| New | +$2.71M |
2025 Q4
0 quarters
|
|
111
Western Alliance Bancorporation
WAL
$8.04B
| $2.8M | 0.13% |
+33,236
| New | +$2.7M |
2025 Q4
0 quarters
|
|
112
M/I Homes
MHO
$3.19B
| $2.8M | 0.13% |
+21,832
| New | +$2.89M |
2025 Q4
0 quarters
|
|
|
OGG
113
Osisko Gold Group
OGG
$826M
| $2.64M | 0.12% |
+754,799
| New | +$2.59M |
2025 Q4
0 quarters
|
|
114
Kohl's
KSS
$2.39B
| $2.62M | 0.12% |
+128,343
| New | +$2.4M |
2025 Q4
0 quarters
|
|
115
Maplebear
CART
$11.8B
| $2.57M | 0.12% |
+56,987
| New | +$2.33M |
2025 Q4
0 quarters
|
|
116
Incyte
INCY
$22B
| $2.51M | 0.11% |
25,342
-18,793
| -43% | -$1.82M |
2024 Q4
4 quarters
|
|
117
Dorman Products
DORM
$3.66B
| $2.5M | 0.11% |
20,247
-2,145
| -10% | -$290K |
2024 Q4
4 quarters
|
|
118
Neurocrine Biosciences
NBIX
$13.7B
| $2.48M | 0.11% |
+17,453
| New | +$2.53M |
2025 Q4
0 quarters
|
|
119
Jazz Pharmaceuticals
JAZZ
$13.7B
| $2.42M | 0.11% |
+14,242
| New | +$2.18M |
2025 Q4
0 quarters
|
|
120
JPMorgan Chase
JPM
$881B
| $2.26M | 0.1% |
7,000
| – | – |
2013 Q2
50 quarters
|
|
121
Power Solutions International
PSIX
$1.23B
| $2.18M | 0.1% |
+38,063
| New | +$2.72M |
2025 Q4
0 quarters
|
|
122
Dave & Buster's
PLAY
$257M
| $2.11M | 0.1% |
+130,065
| New | +$2.18M |
2025 Q4
0 quarters
|
|
123
B2Gold
BTG
$6.9B
| $2.05M | 0.09% |
+454,824
| New | +$2.12M |
2025 Q4
0 quarters
|
|
124
Exelixis
EXEL
$14.7B
| $2.04M | 0.09% |
46,500
-35,196
| -43% | -$1.46M |
2024 Q4
4 quarters
|
|
125
Halozyme
HALO
$12.4B
| $1.76M | 0.08% |
26,121
-4,078
| -14% | -$274K |
2025 Q1
3 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.