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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 | |
|---|---|---|---|---|---|---|---|
151
JPMorgan Chase
JPM
$889B
| $2.29M | 0.08% |
7,000
| – | – |
2013 Q2
52 quarters
|
|
152
Churchill Downs
CHDN
$5.61B
| $2.29M | 0.08% |
+25,561
| New | +$2.29M |
2026 Q2
0 quarters
|
|
153
Century Aluminum
CENX
$3.46B
| $2.27M | 0.08% |
49,494
-356
| -0.7% | -$21.4K |
2025 Q4
2 quarters
|
|
154
Five Below
FIVE
$11.8B
| $2.25M | 0.08% |
12,519
+11,265
| +898% | +$2.43M |
2026 Q1
1 quarter
|
|
155
Boot Barn
BOOT
$3.63B
| $2.18M | 0.08% |
13,278
+343
| +3% | +$55.6K |
2026 Q1
1 quarter
|
|
156
Buckle
BKE
$2.27B
| $2.16M | 0.08% |
+51,230
| New | +$2.54M |
2026 Q2
0 quarters
|
|
157
Life Time Group Holdings
LTH
$9.02B
| $2.12M | 0.08% |
52,084
-63,151
| -55% | -$2M |
2025 Q4
2 quarters
|
|
158
Urban Outfitters
URBN
$7.08B
| $2.04M | 0.07% |
28,819
-14,724
| -34% | -$1.05M |
2026 Q1
1 quarter
|
|
159
Mohawk Industries
MHK
$7.95B
| $1.97M | 0.07% |
16,220
-128,080
| -89% | -$13.5M |
2026 Q1
1 quarter
|
|
160
Kroger
KR
$36.9B
| $1.92M | 0.07% |
+34,563
| New | +$2.25M |
2026 Q2
0 quarters
|
|
161
Darden Restaurants
DRI
$22.6B
| $1.81M | 0.06% |
8,776
-202
| -2% | -$40.5K |
2026 Q1
1 quarter
|
|
162
Cheesecake Factory
CAKE
$5.42B
| $1.72M | 0.06% |
21,691
-7,489
| -26% | -$485K |
2026 Q1
1 quarter
|
|
163
TSMC
TSM
$2.3T
| $1.68M | 0.06% |
3,525
-12,100
| -77% | -$4.91M |
2023 Q1
13 quarters
|
|
164
Vizsla Silver
VZLA
$1.24B
| $1.64M | 0.06% |
499,777
| – | – |
2026 Q1
1 quarter
|
|
165
GigaCloud Technology
GCT
$2.06B
| $1.54M | 0.05% |
+48,921
| New | +$1.93M |
2026 Q2
0 quarters
|
|
166
Boyd Gaming
BYD
$5.04B
| $1.49M | 0.05% |
16,867
-16,614
| -50% | -$1.41M |
2026 Q1
1 quarter
|
|
167
TD Synnex
SNX
$21.8B
| $1.43M | 0.05% |
5,347
-33,316
| -86% | -$8.03M |
2024 Q4
6 quarters
|
|
168
Dillards
DDS
$10B
| $1.36M | 0.05% |
2,574
-859
| -25% | -$496K |
2026 Q1
1 quarter
|
|
169
Arcos Dorados Holdings
ARCO
$1.63B
| $1.02M | 0.04% |
127,142
| – | – |
2025 Q2
4 quarters
|
|
170
Fomento Económico Mexicano
FMX
$41.4B
| $1.02M | 0.04% |
8,000
| – | – |
2022 Q3
15 quarters
|
|
171
M&T Bank
MTB
$31.8B
| $951K | 0.03% |
4,000
| – | – |
2019 Q2
28 quarters
|
|
172
Franco-Nevada
FNV
$47.4B
| $837K | 0.03% |
4,020
-300
| -7% | -$69.9K |
2025 Q3
3 quarters
|
|
173
Markel Group
MKL
$22.2B
| $821K | 0.03% |
421
+11
| +3% | +$20.5K |
2026 Q1
1 quarter
|
|
174
NovaGold Resources
NG
$2.95B
| $615K | 0.02% |
103,160
-4,850
| -4% | -$40.4K |
2025 Q2
4 quarters
|
|
175
Wells Fargo
WFC
$252B
| $413K | 0.01% |
5,000
| – | – |
2020 Q1
25 quarters
|
|
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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.