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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 | |
|---|---|---|---|---|---|---|---|
126
International Seaways
INSW
$6.15B
| $3.12M | 0.11% |
40,730
+28,124
| +223% | +$2.28M |
2026 Q1
1 quarter
|
|
127
Frontline
FRO
$13.2B
| $2.99M | 0.11% |
85,969
-33,183
| -28% | -$1.22M |
2026 Q1
1 quarter
|
|
128
Okeanis Eco Tankers
ECO
$3.85B
| $2.96M | 0.1% |
+59,137
| New | +$3.08M |
2026 Q2
0 quarters
|
|
129
Brinker International
EAT
$8.13B
| $2.9M | 0.1% |
17,259
-3,417
| -17% | -$505K |
2026 Q1
1 quarter
|
|
130
Dollar General
DG
$27.9B
| $2.89M | 0.1% |
25,130
+8,290
| +49% | +$942K |
2026 Q1
1 quarter
|
|
131
HF Sinclair
DINO
$21.9B
| $2.86M | 0.1% |
41,146
-34,024
| -45% | -$2.26M |
2025 Q3
3 quarters
|
|
132
Target
TGT
$69.8B
| $2.82M | 0.1% |
21,644
-2,764
| -11% | -$351K |
2025 Q4
2 quarters
|
|
133
Chevron
CVX
$422B
| $2.81M | 0.1% |
17,000
+6,000
| +55% | +$1.12M |
2021 Q3
19 quarters
|
|
134
Boise Cascade
BCC
$2.56B
| $2.8M | 0.1% |
36,054
+3,374
| +10% | +$250K |
2026 Q1
1 quarter
|
|
135
Choice Hotels
CHH
$4.65B
| $2.76M | 0.1% |
25,019
-4,370
| -15% | -$483K |
2026 Q1
1 quarter
|
|
136
CarMax
KMX
$7.2B
| $2.74M | 0.1% |
51,910
-23,715
| -31% | -$1.03M |
2025 Q4
2 quarters
|
|
137
Pan American Silver
PAAS
$19B
| $2.72M | 0.1% |
60,745
-109,558
| -64% | -$5.87M |
2023 Q1
13 quarters
|
|
138
Scorpio Tankers
STNG
$4.38B
| $2.66M | 0.09% |
+38,491
| New | +$3.01M |
2026 Q2
0 quarters
|
|
139
Chewy
CHWY
$7.84B
| $2.63M | 0.09% |
+133,908
| New | +$3.04M |
2026 Q2
0 quarters
|
|
140
DELISTED
Electronic Arts
EA
| $2.63M | 0.09% |
+12,818
| New | +$2.6M |
2026 Q2
0 quarters
|
|
141
Ollie's Bargain Outlet
OLLI
$5.13B
| $2.61M | 0.09% |
+33,964
| New | +$2.83M |
2026 Q2
0 quarters
|
|
142
Automatic Data Processing
ADP
$108B
| $2.59M | 0.09% |
11,573
-1,973
| -15% | -$422K |
2026 Q1
1 quarter
|
|
143
Paylocity
PCTY
$8.28B
| $2.48M | 0.09% |
23,786
-2,128
| -8% | -$227K |
2026 Q1
1 quarter
|
|
144
Sprouts Farmers Market
SFM
$6B
| $2.46M | 0.09% |
29,058
-7,637
| -21% | -$618K |
2026 Q1
1 quarter
|
|
145
Core & Main
CNM
$7.5B
| $2.45M | 0.09% |
50,770
-12,168
| -19% | -$601K |
2026 Q1
1 quarter
|
|
146
Ulta Beauty
ULTA
$24.3B
| $2.44M | 0.09% |
+5,420
| New | +$2.75M |
2026 Q2
0 quarters
|
|
147
Armstrong World Industries
AWI
$6.84B
| $2.42M | 0.09% |
15,082
+1,467
| +11% | +$240K |
2026 Q1
1 quarter
|
|
148
Trade Desk
TTD
$5.65B
| $2.42M | 0.09% |
133,788
+25,367
| +23% | +$539K |
2026 Q1
1 quarter
|
|
149
Academy Sports + Outdoors
ASO
$3.31B
| $2.39M | 0.08% |
50,708
+12,008
| +31% | +$639K |
2026 Q1
1 quarter
|
|
150
Domino's
DPZ
$10.3B
| $2.38M | 0.08% |
8,056
+1,903
| +31% | +$626K |
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.