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Ruffer LLP

Institutional InvestorSimilar funds →SEC EDGAR: CIK 1426859
Institutional-grade research for retail investors

Sector Allocation

  • Consumer Discretionary21.9%$620.0M
  • Materials15.7%$445.2M
  • Technology15.3%$433.4M
  • Energy14.2%$401.4M
  • Financials12.5%$353.0M
  • Industrials7.0%$197.8M
  • Healthcare4.8%$136.3M
  • Consumer Staples3.7%$104.8M
  • Communication Services2.2%$62.3M
  • Real Estate2.0%$56.7M

AUM History

13fpro.ai/research/fund/ruffer-llp-1426859

Conviction and streaks

Diversifying · top 10 = 35.6%

From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.

AMZN$AMZNConviction hold7.0% weight · held 10 quartersBABA$BABAConviction hold4.3% weight · held 10 quartersSW$SWConviction hold4.0% weight · held 5 quartersBAC$BACConviction hold2.6% weight · held 10 quartersBP$BPConviction hold2.1% weight · held 10 quartersBABA$BABAAccumulating+269% shares · 4 quarters runningSU$SUAccumulating+9% shares · 4 quarters runningFOX$FOXAccumulating+30% shares · 3 quarters runningFND$FNDAccumulating+60% shares · 2 quarters runningCP$CPAccumulating+87% shares · 2 quarters runningSKE$SKETrimming-89% shares · 8 quarters runningPAAS$PAASTrimming-95% shares · 7 quarters runningARIS$ARISTrimming-72% shares · 6 quarters runningAU$AUTrimming-97% shares · 5 quarters runningBAC$BACTrimming-55% shares · 4 quarters running

Largest positions — Q2 2026

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/ruffer-llp-1426859

Ruffer LLP 13F holdings — Q2 2026

$2.8B portfolio (+15.7% QoQ) · 187 holdings · Q2 2026 13F · top 10 are 36% of the stock portfolio

All holdings — Ruffer LLP (Q2 2026)

187 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.

Company
SOLV$SOLVSolventum Corp$59.8M-10%
SU$SUSUNCOR ENERGY INC$54.2M+0.6%
LAMR$LAMRLAMAR ADVERTISING CO/NEW$52.7M-0.1%
BF-A$BF-ABROWN FORMAN CORP$51.4M-29%
YMM$YMMFull Truck Alliance Co. Ltd.adr$46.4MNew
EQX$EQXEquinox Gold Corp.$46.0M+15%
XOM.R34088$XOM.R34088EXXON MOBIL CORP$42.9M-2%
TCOM$TCOMTrip.com Group Ltdadr$42.8MNew
JD$JDJD.com, Inc.adr$39.1MNew
BKNG$BKNGBooking Holdings Inc.$38.5M+3414%
EXE$EXEEXPAND ENERGY Corp$38.3MNew
SPGI$SPGIS&P Global Inc.$38.1MNew
UNP$UNPUNION PACIFIC CORP$38.0M-17%
TTE$TTETotalEnergies SE$36.9MNew
BRK.B$BRK.BBERKSHIRE HATHAWAY INC$36.5M+711%

What changed in Q2 2026

Against the previous quarter's 13F: 42 new, 66 added to, 71 trimmed, 31 sold out. Share-count changes; largest moves by dollar size first.

New positions (42)

  • NTES$NTESNetEase, Inc.$62.5M

    first bought this quarter

  • YMM$YMMFull Truck Alliance Co. Ltd.$46.4M

    first bought this quarter

  • TCOM$TCOMTrip.com Group Ltd$42.8M

    first bought this quarter

  • JD$JDJD.com, Inc.$39.1M

    first bought this quarter

  • EXE$EXEEXPAND ENERGY Corp$38.3M

    first bought this quarter

  • SPGI$SPGIS&P Global Inc.$38.1M

    first bought this quarter

+36 more in the Excel export

Added to (66)

  • AMZN$AMZNAMAZON COM INC+48%

    now $197.4M · held 10+ qtrs

  • MSFT$MSFTMICROSOFT CORP+45%

    now $169.5M · held 2 qtrs, 2 adds in a row

  • BKNG$BKNGBooking Holdings Inc.+3414%

    now $38.5M · held 2 qtrs, 2 adds in a row

  • BRK.B$BRK.BBERKSHIRE HATHAWAY INC+711%

    now $36.5M · held 10+ qtrs

  • EXP$EXPEAGLE MATERIALS INC+1138%

    now $29.7M · held 2 qtrs, 2 adds in a row

  • VG$VGVenture Global, Inc.+288%

    now $19.9M · held 2 qtrs, 2 adds in a row

+60 more in the Excel export

Trimmed (71)

  • COIN$COINCoinbase Global, Inc.-65%

    now $72.9M · held 3 qtrs

  • GE$GEGENERAL ELECTRIC CO-64%

    now $15.8M · held 10+ qtrs

  • BF-A$BF-ABROWN FORMAN CORP-29%

    now $51.4M · held 2 qtrs

  • BP$BPBP PLC-23%

    now $60.0M · held 10+ qtrs, 3 trims in a row

  • SW$SWSmurfit Westrock plc-12%

    now $112.7M · held 5 qtrs, 2 trims in a row

  • MHK$MHKMOHAWK INDUSTRIES INC-89%

    now $2.0M

+65 more in the Excel export

Sold out (31)

  • UHAL$UHALU-Haul Holding Co /NV/was $13.4M

    held 3 qtrs

  • KGS$KGSKodiak Gas Services, Inc.was $8.6M

    held 1 qtr

  • NFG$NFGNATIONAL FUEL GAS COwas $7.8M

    held 1 qtr

  • LYB$LYBLyondellBasell Industries N.V.was $6.3M

    held 1 qtr

  • CSX$CSXCSX CORPwas $6.1M

    held 1 qtr

  • EXEL$EXELEXELIXIS, INC.was $5.1M

+25 more in the Excel export

Firm AUM (Form ADV): $24.9B as of 2026-03-31 · SEC IAPD

Share

Holdings by quarter

Every 13F Ruffer LLP has filed, 41 earlier quarters. Pick one to see what it held then.

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Q2 2026 13F filed with the SEC on Jul 30, 2026. Prices are closing prices as of Oct 26, 2026.

Average quality of Ruffer LLP's top 20 holdings: 65/100 (our AI quality score, weighted by position size; 11 of the 20 are scored)

Top 10 since filing

-0.6%

Value-weighted move of the 10 largest stock positions

Turnover

18%

Last quarter; 111% over the last 4

Top 10 weight

36%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

41%

Share of portfolio value in positions held a year or more

Highest-quality names it owns(among its 100 largest positions)

The 8 highest-scoring companies in this portfolio are a Pro feature.

How these are measured
  • Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
  • Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
  • Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
  • Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
  • Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.

Portfolio Overview

Ruffer LLP disclosed 187 positions worth $2.8B in its Form 13F-HR for Q2 2026, led by $AMZN (AMAZON COM INC) at 7.0% of the equity portfolio, followed by $MSFT and $BABA. During the quarter the fund opened 42 new positions and exited 31 — including a new stake in $NTES and a full exit from $UHAL. The portfolio is most concentrated in Consumer Discretionary (21.9% of disclosed assets). All figures are sourced directly from Ruffer LLP’s Form 13F-HR filing with the SEC under CIK 1426859.

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AI-Powered Hedge Fund Analysis: Ruffer LLP

13F Pro is an AI hedge fund tracker and stock research platform. For Ruffer LLP (SEC CIK: 1426859), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.

Every holding in Ruffer LLP's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.