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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
Cap. Flow
+$296M
Cap. Flow %
13.47%
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
COIN icon
Coinbase
COIN
+$219M
2
SW icon
Smurfit Westrock
SW
+$142M
3
DIS icon
Walt Disney
DIS
+$62.5M
4
FND icon
Floor & Decor
FND
+$50.2M
5
SLB icon
SLB Ltd
SLB
+$41.6M

Top Sells

Rank Stock Value
1
COO icon
Cooper Companies
COO
+$77.5M
2
NEM icon
Newmont
NEM
+$65M
3
TSM icon
TSMC
TSM
+$50.8M
4
B icon
Barrick Mining
B
+$43.1M
5
EQX icon
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
SW icon
1
Smurfit Westrock
SW
$21.5B
$174M 7.94%
4,504,151
+3,718,562
+473% +$142M
2025 Q2
2 quarters
COIN icon
2
Coinbase
COIN
$47.6B
$167M 7.58%
+735,190
New +$219M
2025 Q4
0 quarters
AMZN icon
3
Amazon
AMZN
$2.8T
$155M 7.07%
671,466
-1,330
-0.2% -$304K
2022 Q3
13 quarters
BAC icon
4
Bank of America
BAC
$382B
$91.9M 4.18%
1,668,030
-203,612
-11% -$10.8M
2023 Q2
10 quarters
EQX icon
5
Equinox Gold
EQX
$13.1B
$81.5M 3.71%
5,791,948
-2,859,941
-33% -$36.1M
2024 Q3
5 quarters
BP icon
6
BP
BP
$120B
$77.8M 3.54%
2,235,750
-59,030
-3% -$2.07M
2021 Q4
16 quarters
BABA icon
7
Alibaba
BABA
$276B
$70.6M 3.22%
481,064
+96,178
+25% +$15.7M
2022 Q2
14 quarters
DIS icon
8
Walt Disney
DIS
$187B
$64.7M 2.94%
+567,615
New +$62.5M
2025 Q4
0 quarters
EGO icon
9
Eldorado Gold
EGO
$9.79B
$58M 2.64%
1,611,656
+198,916
+14% +$5.95M
2025 Q1
3 quarters
EXR icon
10
Extra Space Storage
EXR
$28.3B
$50.3M 2.29%
385,535
+48,593
+14% +$6.63M
2025 Q3
1 quarter
SOLV icon
11
Solventum
SOLV
$14.5B
$48.8M 2.22%
614,558
+407,001
+196% +$31.2M
2025 Q3
1 quarter
FND icon
12
Floor & Decor
FND
$4.75B
$47.2M 2.15%
+774,470
New +$50.2M
2025 Q4
0 quarters
CGAU icon
13
Centerra Gold
CGAU
$4.4B
$47M 2.14%
3,255,131
-2,648,972
-45% -$33.2M
2021 Q2
18 quarters
SU icon
14
Suncor Energy
SU
$86B
$44.5M 2.02%
999,168
+64,131
+7% +$2.71M
2023 Q1
11 quarters
SLB icon
15
SLB Ltd
SLB
$72.4B
$44.1M 2.01%
+1,146,543
New +$41.6M
2025 Q4
0 quarters
ARIS icon
16
Aris Mining
ARIS
$3.5B
$43.1M 1.96%
2,647,139
-1,467,589
-36% -$18M
2023 Q3
9 quarters
XOM icon
17
ExxonMobil
XOM
$708B
$38.6M 1.76%
320,081
+41,839
+15% +$4.85M
2013 Q2
50 quarters
GAU icon
18
Galiano Gold
GAU
$565M
$36.5M 1.66%
14,305,507
-2,305,521
-14% -$5.7M
2018 Q4
28 quarters
GE icon
19
GE Aerospace
GE
$320B
$36.2M 1.65%
117,301
+16,936
+17% +$5.1M
2017 Q2
34 quarters
PFE icon
20
Pfizer
PFE
$162B
$33M 1.5%
1,324,096
-698,969
-35% -$17.6M
2021 Q2
18 quarters
PAAS icon
21
Pan American Silver
PAAS
$19B
$31.6M 1.44%
608,328
-293,423
-33% -$12.3M
2023 Q1
11 quarters
PNC icon
22
PNC Financial Services
PNC
$88.3B
$31.4M 1.43%
150,102
+18,193
+14% +$3.51M
2023 Q1
11 quarters
UNP icon
23
Union Pacific
UNP
$167B
$30.9M 1.41%
+133,430
New +$30.5M
2025 Q4
0 quarters
PM icon
24
Philip Morris
PM
$315B
$30.4M 1.38%
189,305
+94,226
+99% +$14.6M
2018 Q4
28 quarters
LAMR icon
25
Lamar Advertising Co
LAMR
$14.9B
$30.4M 1.38%
+239,820
New +$30M
2025 Q4
0 quarters
1
2 3 4 5

Similar funds

DCM
Dorsal Capital Management Redwood City, California $2.82B AUM 7.73% 1-Year Est. Return
BDLIB
Banque de Luxembourg Investments (BLI) Luxembourg City, Luxembourg $2.83B AUM 14.03% 1-Year Est. Return
DIG
Dragoneer Investment Group San Francisco, California $2.83B AUM 12.55% 1-Year Est. Return
PCIG
Partners Capital Investment Group Boston, Massachusetts $2.83B AUM 20.31% 1-Year Est. Return
KFA
Krane Funds Advisors New York $2.82B AUM 0.41% 1-Year Est. Return
HAG
HighPoint Advisor Group Downers Grove, Illinois $2.84B AUM 31.94% 1-Year Est. Return
FMC
First Merchants Corp Muncie, Indiana $2.84B AUM 15.58% 1-Year Est. Return
ORCP
One Rock Capital Partners New York $2.84B AUM

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.