Ruffer LLP — 13F Holdings & Portfolio
CIK 1426859 · latest 13F-HR filed 2026-05-13
Ruffer LLP manages $2.44B in 13F-reported U.S. long-equity assets across 176 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are COIN (10.29%), BABA (6.03%), AMZN (4.80%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 90 new positions, exited 68, added to 36, and trimmed 42.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$2.44B
Long-equity book
176
Distinct positions
2026-03-31
Filed 2026-05-13
+90 / −68 / ↑36 / ↓42
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- COINBASE GLOBAL INC$84.9M +51.0%
- ALIBABA GROUP HLDG LTD$76.7M +108.7%
- SLB LIMITED$35.4M +80.3%
- SUNCOR ENERGY INC NEW$21.9M +49.3%
- BP PLC$21.1M +27.2%
Top Trims
- SMURFIT WESTROCK PLC-$63.1M -36.2%
- DISNEY WALT CO-$58.8M -90.8%
- AMAZON COM INC-$37.9M -24.4%
- CENTERRA GOLD INC-$34.0M -72.4%
- BANK AMERICA CORP-$27.6M -30.0%
New Positions
- MICROSOFT CORP$116.4M
- BROWN FORMAN CORP$72.4M
- BOOKING HOLDINGS INC$26.0M
- SSR MINING IN$21.6M
- WARNER BROS DISCOVERY INC$15.5M
Exited Positions
- EXTRA SPACE STORAGE INC$50.3M
- NOMAD FOODS LTD$26.8M
- TECK RESOURCES LTD$21.4M
- TELEFLEX INCORPORATED$5.2M
- BLOCK H & R INC$5.2M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | COINBASE GLOBAL INC | COIN | 19260Q107 | $251.5M | 10.29% | 1,435,990 | SH |
| 2 | ALIBABA GROUP HLDG LTD | BABA | 01609W102 | $147.4M | 6.03% | 1,171,229 | SH |
| 3 | AMAZON COM INC | AMZN | 023135106 | $117.3M | 4.80% | 561,527 | SH |
| 4 | MICROSOFT CORP | MSFT | 594918104 | $116.4M | 4.76% | 313,446 | SH |
| 5 | SMURFIT WESTROCK PLC | SW | G8267P108 | $111.3M | 4.56% | 2,786,197 | SH |
| 6 | BP PLC | BP | 055622104 | $98.9M | 4.05% | 2,098,006 | SH |
| 7 | SLB LIMITED | SLB | 806857108 | $79.5M | 3.25% | 1,542,086 | SH |
| 8 | BROWN FORMAN CORP | BF.B | 115637209 | $72.4M | 2.96% | 2,731,876 | SH |
| 9 | SUNCOR ENERGY INC NEW | SU | 867224107 | $66.4M | 2.72% | 1,004,062 | SH |
| 10 | BANK AMERICA CORP | BAC | 060505104 | $64.3M | 2.63% | 1,315,860 | SH |
| 11 | EQUINOX GOLD CORP | EQX | 29446Y502 | $59.7M | 2.44% | 4,126,835 | SH |
| 12 | SOLVENTUM CORP | SOLV | 83444M101 | $56.3M | 2.30% | 859,993 | SH |
| 13 | FLOOR & DECOR HLDGS INC | FND | 339750101 | $56.1M | 2.29% | 1,100,725 | SH |
| 14 | EXXON MOBIL CORP | XOM | 30231G102 | $54.7M | 2.24% | 321,706 | SH |
| 15 | LAMAR ADVERTISING CO NEW | LAMR | 512816109 | $43.0M | 1.76% | 338,490 | SH |
| 16 | UNION PAC CORP | UNP | 907818108 | $41.2M | 1.68% | 169,256 | SH |
| 17 | VISTA ENERGY S.A.B. DE C.V. | VIST | 92837L109 | $40.3M | 1.65% | 532,920 | SH |
| 18 | ARIS MNG CORP | ARIS | 04040Y109 | $34.8M | 1.42% | 1,872,533 | SH |
| 19 | GE AEROSPACE | GE | 369604301 | $33.6M | 1.37% | 118,042 | SH |
| 20 | GALIANO GOLD INC | GAU | 36352H100 | $33.1M | 1.35% | 13,224,532 | SH |
| 21 | PFIZER INC | PFE | 717081103 | $32.4M | 1.32% | 1,149,753 | SH |
| 22 | ELDORADO GOLD CORP NEW | EGO | 284902509 | $31.0M | 1.27% | 899,358 | SH |
| 23 | PNC FINL SVCS GROUP INC | PNC | 693475105 | $30.8M | 1.26% | 147,395 | SH |
| 24 | CANADIAN PACIFIC KANSAS CITY | CP | 13646K108 | $29.5M | 1.21% | 374,542 | SH |
| 25 | BOOKING HOLDINGS INC | BKNG | 09857L108 | $26.0M | 1.06% | 6,147 | SH |
| 26 | BARRICK GOLD CORP | B | 06849F108 | $23.4M | 0.96% | 571,425 | SH |
| 27 | SSR MINING IN | SSRM | 784730103 | $21.6M | 0.88% | 731,624 | SH |
| 28 | INTERNATIONAL FLAVORS&FRAGRA | IFF | 459506101 | $21.2M | 0.87% | 291,613 | SH |
| 29 | SIGNET JEWELERS LIMITED | SIG | G81276100 | $19.3M | 0.79% | 227,635 | SH |
| 30 | COOPER COS INC | COO | 216648501 | $15.5M | 0.63% | 216,171 | SH |
| 31 | WARNER BROS DISCOVERY INC | WBD | 934423104 | $15.5M | 0.63% | 561,089 | SH |
| 32 | NEWMONT CORP | NEM | 651639106 | $14.6M | 0.60% | 134,459 | SH |
| 33 | MOHAWK INDS INC | MHK | 608190104 | $14.2M | 0.58% | 144,300 | SH |
| 34 | U HAUL HOLDING COMPANY | UHAL.B | 023586506 | $13.4M | 0.55% | 299,133 | SH |
| 35 | CENTERRA GOLD INC | CGAU | 152006102 | $13.0M | 0.53% | 730,816 | SH |
| 36 | PHILIP MORRIS INTL INC | PM | 718172109 | $11.9M | 0.49% | 71,879 | SH |
| 37 | SKEENA RES LTD NEW | SKE | 83056P715 | $11.9M | 0.49% | 399,036 | SH |
| 38 | ROYAL GOLD INC | RGLD | 780287108 | $11.8M | 0.48% | 46,270 | SH |
| 39 | MAGNUM ICE CREAM CO NV | MICC | N5505D105 | $11.1M | 0.45% | 755,564 | SH |
| 40 | INTEGRA RES CORP | ITRG | 45826T509 | $10.8M | 0.44% | 3,985,025 | SH |
| 41 | KINROSS GOLD CORP | KGC | 496902404 | $10.2M | 0.42% | 332,440 | SH |
| 42 | ANGLOGOLD ASHANTI PLC | AU | G0378L100 | $9.6M | 0.39% | 98,228 | SH |
| 43 | PAN AMERN SILVER CORP | PAAS | 697900108 | $9.3M | 0.38% | 170,303 | SH |
| 44 | KODIAK GAS SVCS INC | KGS | 50012A108 | $8.6M | 0.35% | 147,870 | SH |
| 45 | ANTERO MIDSTREAM CORP | AM | 03676B102 | $8.0M | 0.33% | 350,360 | SH |
| 46 | NATIONAL FUEL GAS CO | NFG | 636180101 | $7.8M | 0.32% | 82,360 | SH |
| 47 | TC ENERGY CORP | TRP | 87807B107 | $7.7M | 0.31% | 123,040 | SH |
| 48 | VENTURE GLOBAL INC | VG | 92333F101 | $7.3M | 0.30% | 460,805 | SH |
| 49 | COEUR MNG INC | CDE | 192108504 | $7.2M | 0.30% | 384,032 | SH |
| 50 | BCE INC | BCE | 05534B760 | $7.1M | 0.29% | 280,040 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-13 | $2.44B | 176 | 0001426859-26-000005 |
| 2025-12-31 | 2026-01-28 | $2.20B | 154 | 0001426859-26-000001 |
| 2025-09-30 | 2025-11-03 | $1.80B | 101 | 0001426859-25-000012 |