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Ruffer LLP

Q2 2026 13F filing

Updated 42 days ago

187 disclosed positions worth $2.8B

Portfolio value
$2.8B
Total holdings
187
New positions
42
Closed positions
31
Increased
66
Decreased
71
Turnover
39.0%
Filed
2026-07-30

Full holdings

Every line item disclosed in Q2 2026

A

AMAZON COM INC

+47.6%
Value
$197.4M
Shares
829.1K
% Port
6.98%
M

MICROSOFT CORP

+45.1%
Value
$169.5M
Shares
454.9K
% Port
5.99%
B

ALIBABA GROUP HLDG LTD

+8.0%
Value
$121.3M
Shares
1.27M
% Port
4.29%
S
4.SW

SMURFIT WESTROCK PLC

-12.5%
Value
$112.7M
Shares
2.44M
% Port
3.98%
B

BANK AMERICA CORP

-0.9%
Value
$74.2M
Shares
1.30M
% Port
2.62%
F
6.FND

FLOOR & DECOR HLDGS INC

+12.2%
Value
$73.3M
Shares
1.24M
% Port
2.59%
C

COINBASE GLOBAL INC

-65.3%
Value
$72.9M
Shares
499.0K
% Port
2.58%
?
8.N/A

NETEASE COM INC

Value
$62.5M
Shares
487.9K
% Port
2.21%
R

SLB LIMITED

-13.0%
Value
$62.3M
Shares
1.34M
% Port
2.20%
B

BP PLC

-22.6%
Value
$60M
Shares
1.62M
% Port
2.12%
S
11.SOLV

SOLVENTUM CORP

-9.7%
Value
$59.8M
Shares
776.5K
% Port
2.12%
S
12.SU

SUNCOR ENERGY INC NEW

+0.6%
Value
$54.2M
Shares
1.01M
% Port
1.92%
L
13.LAMR

LAMAR ADVERTISING CO NEW

-0.1%
Value
$52.7M
Shares
338.2K
% Port
1.86%
B
14.BF-B

BROWN FORMAN CORP

-29.3%
Value
$51.4M
Shares
1.93M
% Port
1.82%
Y
15.YMM

FULL TRUCK ALLIANCE CO LTD

Value
$46.4M
Shares
5.72M
% Port
1.64%
E
16.EQX

EQUINOX GOLD CORP

+14.8%
Value
$46M
Shares
4.74M
% Port
1.63%
X
17.XOM

EXXON MOBIL CORP

-2.3%
Value
$42.9M
Shares
314.2K
% Port
1.52%
T

TRIP COM GROUP LTD

Value
$42.8M
Shares
1.08M
% Port
1.51%
J

JD.COM INC

Value
$39.1M
Shares
1.54M
% Port
1.38%
B
20.BKNG

BOOKING HOLDINGS INC

+3413.8%
Value
$38.5M
Shares
216.0K
% Port
1.36%
E
21.EXE

EXPAND ENERGY CORPORATION

Value
$38.3M
Shares
420.6K
% Port
1.35%
S
22.SPGI

S&P GLOBAL INC

Value
$38.1M
Shares
93.8K
% Port
1.35%
U
23.UNP

UNION PAC CORP

-17.3%
Value
$38M
Shares
140.0K
% Port
1.34%
T
24.TTE

TOTALENERGIES SE

Value
$36.9M
Shares
474.9K
% Port
1.30%
B

BERKSHIRE HATHAWAY INC DEL

+711.0%
Value
$36.5M
Shares
73.0K
% Port
1.29%
P
26.PNC

PNC FINL SVCS GROUP INC

-1.3%
Value
$35.8M
Shares
145.5K
% Port
1.27%
C
27.CP

CANADIAN PACIFIC KANSAS CITY

+3.1%
Value
$33.4M
Shares
386.2K
% Port
1.18%
S

SCHWAB CHARLES CORP

Value
$33M
Shares
358.4K
% Port
1.17%
?
29.N/A

VISTA ENERGY S.A.B. DE C.V.

-2.8%
Value
$33M
Shares
518.2K
% Port
1.17%
S
30.SIG

SIGNET JEWELERS LIMITED

+58.3%
Value
$31M
Shares
360.3K
% Port
1.10%
E
31.EXP

EAGLE MATLS INC

+1138.0%
Value
$29.7M
Shares
132.0K
% Port
1.05%
P
32.PFE

PFIZER INC

-2.1%
Value
$27.1M
Shares
1.13M
% Port
0.96%
W
33.WMT

WARNER BROS DISCOVERY INC

+64.1%
Value
$24.5M
Shares
920.5K
% Port
0.87%
G
34.GAU

GALIANO GOLD INC

-1.7%
Value
$24.2M
Shares
12.99M
% Port
0.86%
A
35.ARIS

ARIS MNG CORP

-14.3%
Value
$23.9M
Shares
1.61M
% Port
0.85%
E
36.EGO

ELDORADO GOLD CORP NEW

-25.1%
Value
$20.9M
Shares
674.0K
% Port
0.74%
K

KINROSS GOLD CORP

+163.0%
Value
$20.6M
Shares
874.2K
% Port
0.73%
D
38.DIS

DISNEY WALT CO

+245.7%
Value
$20.4M
Shares
211.8K
% Port
0.72%
A
39.ABNB

AIRBNB INC

Value
$20M
Shares
139.9K
% Port
0.71%
V
40.VG

VENTURE GLOBAL INC

+288.2%
Value
$19.9M
Shares
1.79M
% Port
0.70%
F
41.FLR

FLUOR CORP

Value
$19.7M
Shares
375.6K
% Port
0.69%
C
42.COO

COOPER COS INC

+24.3%
Value
$19.2M
Shares
268.6K
% Port
0.68%
C
43.CDE

COEUR MNG INC

+204.3%
Value
$19.1M
Shares
1.17M
% Port
0.67%
M
44.MICC

MAGNUM ICE CREAM CO NV

+43.3%
Value
$18.8M
Shares
1.08M
% Port
0.67%
I
45.IFF

INTERNATIONAL FLAVORS&FRAGRA

-21.7%
Value
$18.1M
Shares
228.3K
% Port
0.64%
W
46.WSE

WISE GROUP PLC

Value
$17M
Shares
1.42M
% Port
0.60%
O
47.OGC

OCEANAGOLD CORP

Value
$16.7M
Shares
667.8K
% Port
0.59%
S

SSR MINING IN

-20.3%
Value
$16.5M
Shares
583.1K
% Port
0.58%
A
49.ALV

AUTOLIV INC

Value
$15.9M
Shares
137.0K
% Port
0.56%
B
50.B

BARRICK GOLD CORP

-24.4%
Value
$15.8M
Shares
431.8K
% Port
0.56%