Ruffer LLP — 13F Holdings & Portfolio
CIK 1426859 · latest 13F-HR filed 2026-07-30
Ruffer LLP manages $2.83B in 13F-reported U.S. long-equity assets across 187 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are AMZN (6.98%), MSFT (5.99%), BABA (4.29%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 42 new positions, exited 31, added to 76, and trimmed 50.
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.
LONDON, X0 SW1E 5JL
$2.83B
Long-equity book
187
Distinct positions
2026-06-30
Filed 2026-07-30
+42 / −31 / ↑76 / ↓50
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- AMAZON COM INC$80.1M +68.3%
- MICROSOFT CORP$53.1M +45.7%
- BERKSHIRE HATHAWAY INC DEL$32.2M +743.5%
- EAGLE MATLS INC$27.6M +1364.4%
- FLOOR & DECOR HLDGS INC$17.2M +30.6%
Top Trims
- COINBASE GLOBAL INC-$178.6M -71.0%
- BP PLC-$38.9M -39.4%
- ALIBABA GROUP HLDG LTD-$26.1M -17.7%
- BROWN FORMAN CORP-$21.0M -29.0%
- GE AEROSPACE-$17.8M -52.9%
New Positions
- NETEASE COM INC$62.5M
- FULL TRUCK ALLIANCE CO LTD$46.4M
- TRIP COM GROUP LTD$42.8M
- JD.COM INC$39.1M
- EXPAND ENERGY CORPORATION$38.3M
Exited Positions
- U HAUL HOLDING COMPANY$13.4M
- KODIAK GAS SVCS INC$8.6M
- NATIONAL FUEL GAS CO$7.8M
- LYONDELLBASELL INDUSTRIES NV$6.3M
- CSX CORP$6.1M
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 | AMAZON COM INC | AMZN | 023135106 | $197.4M | 6.98% | 829,118 | SH |
| 2 | MICROSOFT CORP | MSFT | 594918104 | $169.5M | 5.99% | 454,873 | SH |
| 3 | ALIBABA GROUP HLDG LTD | BABA | 01609W102 | $121.3M | 4.29% | 1,265,069 | SH |
| 4 | SMURFIT WESTROCK PLC | SW | G8267P108 | $112.7M | 3.98% | 2,438,889 | SH |
| 5 | BANK AMERICA CORP | BAC | 060505104 | $74.2M | 2.62% | 1,304,202 | SH |
| 6 | FLOOR & DECOR HLDGS INC | FND | 339750101 | $73.3M | 2.59% | 1,235,490 | SH |
| 7 | COINBASE GLOBAL INC | COIN | 19260Q107 | $72.9M | 2.58% | 499,000 | SH |
| 8 | NETEASE COM INC | NTES | 64110W102 | $62.5M | 2.21% | 487,913 | SH |
| 9 | SLB LIMITED | SLB | 806857108 | $62.3M | 2.20% | 1,341,534 | SH |
| 10 | BP PLC | BP | 055622104 | $60.0M | 2.12% | 1,624,940 | SH |
| 11 | SOLVENTUM CORP | SOLV | 83444M101 | $59.8M | 2.12% | 776,468 | SH |
| 12 | SUNCOR ENERGY INC NEW | SU | 867224107 | $54.2M | 1.92% | 1,009,746 | SH |
| 13 | LAMAR ADVERTISING CO NEW | LAMR | 512816109 | $52.7M | 1.86% | 338,207 | SH |
| 14 | BROWN FORMAN CORP | BF.B | 115637209 | $51.4M | 1.82% | 1,931,956 | SH |
| 15 | FULL TRUCK ALLIANCE CO LTD | YMM | 35969L108 | $46.4M | 1.64% | 5,724,180 | SH |
| 16 | EQUINOX GOLD CORP | EQX | 29446Y502 | $46.0M | 1.63% | 4,736,428 | SH |
| 17 | EXXON MOBIL CORP | XOM | 30231G102 | $42.9M | 1.52% | 314,224 | SH |
| 18 | TRIP COM GROUP LTD | TCOM | 89677Q107 | $42.8M | 1.51% | 1,075,096 | SH |
| 19 | JD.COM INC | JD | 47215P106 | $39.1M | 1.38% | 1,537,181 | SH |
| 20 | BOOKING HOLDINGS INC | BKNG | 09857L108 | $38.5M | 1.36% | 215,996 | SH |
| 21 | EXPAND ENERGY CORPORATION | EXE | 165167735 | $38.3M | 1.35% | 420,557 | SH |
| 22 | S&P GLOBAL INC | SPGI | 78409V104 | $38.1M | 1.35% | 93,768 | SH |
| 23 | UNION PAC CORP | UNP | 907818108 | $38.0M | 1.35% | 140,019 | SH |
| 24 | TOTALENERGIES SE | TTE | F92124100 | $36.9M | 1.30% | 474,930 | SH |
| 25 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $36.5M | 1.29% | 72,990 | SH |
| 26 | PNC FINL SVCS GROUP INC | PNC | 693475105 | $35.8M | 1.27% | 145,485 | SH |
| 27 | CANADIAN PACIFIC KANSAS CITY | CP | 13646K108 | $33.4M | 1.18% | 386,182 | SH |
| 28 | SCHWAB CHARLES CORP | SCHW | 808513105 | $33.0M | 1.17% | 358,432 | SH |
| 29 | VISTA ENERGY S.A.B. DE C.V. | VIST | 92837L109 | $33.0M | 1.17% | 518,201 | SH |
| 30 | SIGNET JEWELERS LIMITED | SIG | G81276100 | $31.0M | 1.10% | 360,278 | SH |
| 31 | EAGLE MATLS INC | EXP | 26969P108 | $29.7M | 1.05% | 131,978 | SH |
| 32 | PFIZER INC | PFE | 717081103 | $27.1M | 0.96% | 1,126,006 | SH |
| 33 | WARNER BROS DISCOVERY INC | WBD | 934423104 | $24.5M | 0.87% | 920,507 | SH |
| 34 | GALIANO GOLD INC | GAU | 36352H100 | $24.2M | 0.86% | 12,994,532 | SH |
| 35 | ARIS MNG CORP | ARIS | 04040Y109 | $23.9M | 0.85% | 1,605,529 | SH |
| 36 | ELDORADO GOLD CORP NEW | EGO | 284902509 | $20.9M | 0.74% | 674,029 | SH |
| 37 | KINROSS GOLD CORP | KGC | 496902404 | $20.6M | 0.73% | 874,179 | SH |
| 38 | DISNEY WALT CO | DIS | 254687106 | $20.4M | 0.72% | 211,815 | SH |
| 39 | AIRBNB INC | ABNB | 009066101 | $20.0M | 0.71% | 139,870 | SH |
| 40 | VENTURE GLOBAL INC | VG | 92333F101 | $19.9M | 0.70% | 1,789,003 | SH |
| 41 | FLUOR CORP | FLR | 343412102 | $19.7M | 0.70% | 375,643 | SH |
| 42 | COOPER COS INC | COO | 216648501 | $19.2M | 0.68% | 268,591 | SH |
| 43 | COEUR MNG INC | CDE | 192108504 | $19.1M | 0.67% | 1,168,748 | SH |
| 44 | MAGNUM ICE CREAM CO NV | MICC | N5505D105 | $18.8M | 0.67% | 1,082,605 | SH |
| 45 | INTERNATIONAL FLAVORS&FRAGRA | IFF | 459506101 | $18.1M | 0.64% | 228,297 | SH |
| 46 | WISE GROUP PLC | WSE | G9723Y105 | $17.0M | 0.60% | 1,415,047 | SH |
| 47 | OCEANAGOLD CORP | OGC | 675222400 | $16.7M | 0.59% | 667,801 | SH |
| 48 | SSR MINING IN | SSRM | 784730103 | $16.5M | 0.58% | 583,120 | SH |
| 49 | AUTOLIV INC | ALV | 052800109 | $15.9M | 0.56% | 137,005 | SH |
| 50 | BARRICK GOLD CORP | B | 06849F108 | $15.8M | 0.56% | 431,774 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-30 | $2.83B | 187 | 0001426859-26-000008 |
| 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 |