Ruffer LLP

Name: Ruffer LLP: Form 13F holdings for the quarter ended 2026-06-30
Creator: Listed

An institutional investment manager in LONDON. Its Form 13F for the quarter ended Jun 30, 2026, filed Jul 30, 2026. SEC CIK 1426859.

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Reported value$2.83bn
Positions187

Holdings: 187 positions

The filing on sec.gov

As filed, largest first. Reported value is what the manager stated for each position at the quarter end, in US dollars; it is filing data, not a price. Weight is the position's share of the total reported value. Changes compare with the 13F for the quarter ended 2026-03-31.

Ruffer LLP, holdings
Issuer	Class	CUSIP	Reported value$m	Weight	Shares	Change on the quarter before
Amazon Com IncAMZN	COM	023135106	197	7.0%	829,118	Added+267,591
Microsoft CorpMSFT	COM	594918104	169	6.0%	454,873	Added+141,427
Alibaba Group HLDG LtdBABA	SPONSORED ADS	01609W102	121	4.3%	1,265,069	Added+93,840
Smurfit Westrock plc	SHS	G8267P108	113	4.0%	2,438,889	Reduced−347,308
Bank America CorpBAC	COM	060505104	74.2	2.6%	1,304,202	Reduced−11,658
Floor & Decor Holdings IncFND	CL A	339750101	73.3	2.6%	1,235,490	Added+134,765
Coinbase Global IncCOIN	COM CL A	19260Q107	72.9	2.6%	499,000	Reduced−936,990
Netease Com IncNTES	SPONSORED ADS	64110W102	62.5	2.2%	487,913	New+487,913
SLB LimitedSLB	COM STK	806857108	62.3	2.2%	1,341,534	Reduced−200,552
BP plcBP	SPONSORED ADR	055622104	60.0	2.1%	1,624,940	Reduced−473,066
Solventum CorpSOLV	COM SHS	83444M101	59.8	2.1%	776,468	Reduced−83,525
Suncor Energy Inc NewSU	COM	867224107	54.2	1.9%	1,009,746	Added+5,684
Lamar Advertising Co NewLAMR	CL A	512816109	52.7	1.9%	338,207	Reduced−283
Brown Forman CorpBF-B	CL B	115637209	51.4	1.8%	1,931,956	Reduced−799,920
Full Truck Alliance Co LtdYMM	SPONSORED ADS	35969L108	46.4	1.6%	5,724,180	New+5,724,180
Equinox Gold CorpEQX	COM	29446Y502	46.0	1.6%	4,736,428	Added+609,593
Exxon Mobil Corp	COM	30231G102	42.9	1.5%	314,224	Reduced−7,482
Trip Com Group LtdTCOM	ADS	89677Q107	42.8	1.5%	1,075,096	New+1,075,096
Jd.Com IncJD	SPON ADS CL A	47215P106	39.1	1.4%	1,537,181	New+1,537,181
Booking Holdings IncBKNG	COM	09857L108	38.5	1.4%	215,996	Added+209,849
Expand Energy CorporationEXE	COM	165167735	38.3	1.4%	420,557	New+420,557
S&P Global IncSPGI	COM	78409V104	38.1	1.3%	93,768	New+93,768
Union Pac CorpUNP	COM	907818108	38.0	1.3%	140,019	Reduced−29,237
Totalenergies SE	ACT	F92124100	36.9	1.3%	474,930	New+474,930
Berkshire Hathaway Inc DelBRK-B	CL B NEW	084670702	36.5	1.3%	72,990	Added+63,990
PNC Finl SVCS Group IncPNC	COM	693475105	35.8	1.3%	145,485	Reduced−1,910
Canadian Pacific Kansas CityCP	COM	13646K108	33.4	1.2%	386,182	Added+11,640
Schwab Charles CorpSCHW	COM	808513105	33.0	1.2%	358,432	New+358,432
Vista Energy S.A.B. de C.V.VIST	SPONSORED ADS	92837L109	33.0	1.2%	518,201	Reduced−14,719
Signet Jewelers Limited	SHS	G81276100	31.0	1.1%	360,278	Added+132,643
Eagle Matls IncEXP	COM	26969P108	29.7	1.0%	131,978	Added+121,317
Pfizer IncPFE	COM	717081103	27.1	1.0%	1,126,006	Reduced−23,747
Warner Bros Discovery Inc	COM SER A	934423104	24.5	0.9%	920,507	Added+359,418
Galiano Gold IncGAU	COM	36352H100	24.2	0.9%	12,994,532	Reduced−230,000
Aris MNG CorpARIS	COM	04040Y109	23.9	0.8%	1,605,529	Reduced−267,004
Eldorado Gold Corp NewEGO	COM	284902509	20.9	0.7%	674,029	Reduced−225,329
Kinross Gold CorpKGC	COM	496902404	20.6	0.7%	874,179	Added+541,739
Disney Walt CoDIS	COM	254687106	20.4	0.7%	211,815	Added+150,535
Airbnb IncABNB	COM CL A	009066101	20.0	0.7%	139,870	New+139,870
Venture Global IncVG	COM CL A	92333F101	19.9	0.7%	1,789,003	Added+1,328,198
Fluor CorpFLR	COM	343412102	19.7	0.7%	375,643	New+375,643
Cooper Cos IncCOO	COM	216648501	19.2	0.7%	268,591	Added+52,420
Coeur MNG IncCDE	COM NEW	192108504	19.1	0.7%	1,168,748	Added+784,716
Magnum Ice Cream Co NV	ORD SHS	N5505D105	18.8	0.7%	1,082,605	Added+327,041
International Flavors&FragraIFF	COM	459506101	18.1	0.6%	228,297	Reduced−63,316
Wise Group plc	ORD SHS CLASS A	G9723Y105	17.0	0.6%	1,415,047	New+1,415,047
Oceanagold CorpOGC	COM NEW	675222400	16.7	0.6%	667,801	New+667,801
SSR Mining inSSRM	COM	784730103	16.5	0.6%	583,120	Reduced−148,504
Autoliv IncALV	COM	052800109	15.9	0.6%	137,005	New+137,005
Barrick Gold CorpB	COM	06849F108	15.8	0.6%	431,774	Reduced−139,651
GE AerospaceGE	COM NEW	369604301	15.8	0.6%	42,402	Reduced−75,640
Newmont CorpNEM	COM	651639106	15.3	0.5%	163,583	Added+29,124
Philip Morris International IncPM	COM	718172109	12.7	0.4%	70,063	Reduced−1,816
Paycom Software IncPAYC	COM	70432V102	10.9	0.4%	87,209	Added+31,985
Paychex IncPAYX	COM	704326107	10.1	0.4%	102,561	Added+26,135
Red Rock Resorts IncRRR	CL A	75700L108	10.1	0.4%	154,858	Added+107,601
Agnico Eagle Mines LtdAEM	COM	008474108	9.8	0.3%	63,411	New+63,411
Integra Res CorpITRG	COM	45826T509	9.8	0.3%	4,433,503	Added+448,478
Dynatrace IncDT	COM NEW	268150109	9.3	0.3%	211,477	Added+98,422
Royal Gold IncRGLD	COM	780287108	8.9	0.3%	44,600	Reduced−1,670
Antero Midstream CorpAM	COM	03676B102	8.7	0.3%	384,010	Added+33,650
Copa Holdings SA	CL A	P31076105	8.1	0.3%	52,227	Added+8,128
Fortinet IncFTNT	COM	34959E109	8.0	0.3%	52,054	Reduced−402
Centerra Gold IncCGAU	COM	152006102	8.0	0.3%	504,233	Reduced−226,583
Skeena Res Ltd NewSKE	COM	83056P715	7.6	0.3%	283,866	Reduced−115,170
Archer Daniels Midland CoADM	COM	039483102	7.4	0.3%	96,890	New+96,890
IntuitINTU	COM	461202103	7.4	0.3%	28,336	Added+19,065
M/I Homes IncMHO	COM	55305B101	7.4	0.3%	45,809	Reduced−6,450
DT Midstream IncDTM	COMMON STOCK	23345M107	7.3	0.3%	49,640	New+49,640
SS&C Tech HoldingsSSNC	COM	78467J100	7.3	0.3%	117,022	Added+58,487
Canadian Natl Ry CoCNI	COM	136375102	7.2	0.3%	60,250	Reduced−2,860
BCE IncBCE	COM NEW	05534B760	7.1	0.3%	329,790	Added+49,750
Devon Energy Corp NewDVN	COM	25179M103	7.1	0.3%	171,460	New+171,460
Pinnacle West Cap CorpPNW	COM	723484101	7.0	0.2%	65,180	New+65,180
Genpact Limited	SHS	G3922B107	6.9	0.2%	252,992	Added+143,900
Doubleverify Holdings IncDV	COM	25862V105	6.8	0.2%	623,608	Added+11,591
Gold Fields LtdGFI	SPONSORED ADR	38059T106	6.7	0.2%	200,640	New+200,640
TC Energy CorpTRP	COM	87807B107	6.6	0.2%	99,810	Reduced−23,230
Travel Plus Leisure CoTNL	COM	894164102	6.4	0.2%	83,502	Added+76,006
Osisko Development Corp	COM NEW	68828E809	6.4	0.2%	2,591,180	Added+1,633,601
South Bow CorpSOBO	COM	83671M105	6.3	0.2%	179,920	New+179,920
Happen IncHAPN	COM NEW	52603A208	6.2	0.2%	298,095	New+298,095
Federated Hermes IncFHI	CL B	314211103	6.2	0.2%	111,652	Added+28,743
Eastman Chem CoEMN	COM	277432100	6.1	0.2%	90,960	Added+36,220
Gartner IncIT	COM	366651107	6.1	0.2%	46,780	Added+20,372
Price T Rowe Group IncTROW	COM	74144T108	5.9	0.2%	52,270	Reduced−3,986
Incyte CorpINCY	COM	45337C102	5.9	0.2%	52,291	Added+4,923
Jazz Pharmaceuticals plc	SHS USD	G50871105	5.9	0.2%	24,567	New+24,567
Fox CorpFOXA	CL A COM	35137L105	5.9	0.2%	112,972	Added+7,404
Amdocs Ltd	SHS	G02602103	5.9	0.2%	116,121	Added+53,241
Avnet IncAVT	COM	053807103	5.9	0.2%	65,939	Added+61,216
Neurocrine Biosciences IncNBIX	COM	64125C109	5.8	0.2%	34,541	Reduced−1,592
Accenture plc Ireland	SHS CLASS A	G1151C101	5.8	0.2%	46,374	Added+25,391
ANI Pharmaceuticals IncANIP	COM	00182C103	5.7	0.2%	69,426	Added+9,235
Infosys LtdINFY	SPONSORED ADR	456788108	5.7	0.2%	545,691	Added+240,734
Strategic Ed IncSTRA	COM	86272C103	5.7	0.2%	74,454	New+74,454
GEN Digital IncGEN	COM	668771108	5.7	0.2%	228,498	Reduced−21,138
Science Applications International CoSAIC	COM	808625107	5.6	0.2%	50,646	Added+7,191
Cognizant Technology SolutioCTSH	CL A	192446102	5.5	0.2%	142,641	Added+73,357
Canadian Nat Res Ltd Med TerCNQ	COM	136385101	5.4	0.2%	136,720	New+136,720
Maximus IncMMS	COM	577933104	5.4	0.2%	99,933	Added+26,886
Janus Henderson Group plc	ORD SHS	G4474Y214	5.0	0.2%	97,099	Added+24,725
Dorman Prods IncDORM	COM	258278100	5.0	0.2%	36,968	Reduced−1,043
Alcoa CorpAA	COM	013872106	4.8	0.2%	92,830	Added+110
Commercial Metals CoCMC	COM	201723103	4.8	0.2%	76,911	Reduced−1,283
Lear CorpLEA	COM NEW	521865204	4.5	0.2%	33,663	Reduced−4,785
Salesforce IncCRM	COM	79466L302	4.5	0.2%	28,582	Added+6,684
Ishares TR	MSCI CHINA A	46434V514	4.4	0.2%	114,530	Added+73,790
First Solar IncFSLR	COM	336433107	4.4	0.2%	18,461	Added+3,362
Best Buy IncBBY	COM	086516101	4.3	0.2%	57,016	Reduced−13,776
Franklin Resources IncBEN	COM	354613101	4.3	0.2%	128,324	Reduced−17,713
Artisan Partners Asset MGMTAPAM	CL A	04316A108	4.2	0.1%	122,211	Added+23,428
Aptiv plc	COM SHS	G3265R107	4.1	0.1%	66,896	Added+27,586
Perdoceo Ed CorpPRDO	COM	71363P106	3.9	0.1%	122,534	New+122,534
Dave IncDAVE	CLASS A COM NEW	23834J201	3.8	0.1%	10,187	Reduced−3,654
Anglogold Ashanti plc	COM SHS	G0378L100	3.8	0.1%	46,895	Reduced−51,333
Brookfield CorpBN	CL A LTD VT SH	11271J107	3.6	0.1%	84,750	Unchanged
Ovintiv IncOVV	COM	69047Q102	3.6	0.1%	68,026	New+68,026
Adma Biologics IncADMA	COM	000899104	3.5	0.1%	422,958	New+422,958
Aura Minerals Inc	SHS NEW	G06973112	3.4	0.1%	54,596	New+54,596
SkywestSKYW	COM	830879102	3.3	0.1%	33,704	Reduced−1,326
Invesco Ltd	SHS	G491BT108	3.2	0.1%	122,638	Added+10,436
Warby Parker IncWRBY	CL A COM	93403J106	3.2	0.1%	105,104	Added+830
Matador Res CoMTDR	COM	576485205	3.1	0.1%	63,290	New+63,290
Anheuser Busch Inbev SABUD	SPONSORED ADR	03524A108	3.1	0.1%	38,000	Reduced−7,000
International Seaways Inc	COM	Y41053102	3.1	0.1%	40,730	Added+28,124
Frontline plc	COM	M46528101	3.0	0.1%	85,969	Reduced−33,183
Okeanis Eco Tankers Cor	SHS	Y64177101	3.0	0.1%	59,137	New+59,137
Brinker International IncEAT	COM	109641100	2.9	0.1%	17,259	Reduced−3,417
Dollar Gen CorpDG	COM	256677105	2.9	0.1%	25,130	Added+8,290
HF Sinclair CorpDINO	COM	403949100	2.9	0.1%	41,146	Reduced−34,024
Target CorpTGT	COM	87612E106	2.8	<0.1%	21,644	Reduced−2,764
Chevron Corp NewCVX	COM	166764100	2.8	<0.1%	17,000	Added+6,000
Boise Cascade Co DelBCC	COM	09739D100	2.8	<0.1%	36,054	Added+3,374
Choice Hotels International IncCHH	COM	169905106	2.8	<0.1%	25,019	Reduced−4,370
Carmax IncKMX	COM	143130102	2.7	<0.1%	51,910	Reduced−23,715
PAN Amern Silver CorpPAAS	COM	697900108	2.7	<0.1%	60,745	Reduced−109,558
Scorpio Tankers Inc	SHS	Y7542C130	2.7	<0.1%	38,491	New+38,491
Chewy IncCHWY	CL A	16679L109	2.6	<0.1%	133,908	New+133,908
Electronic Arts Inc	COM	285512109	2.6	<0.1%	12,818	New+12,818
Ollies Bargain Outlet HoldingsOLLI	COM	681116109	2.6	<0.1%	33,964	New+33,964
Automatic Data Processing inADP	COM	053015103	2.6	<0.1%	11,573	Reduced−1,973
Paylocity HLDG CorpPCTY	COM	70438V106	2.5	<0.1%	23,786	Reduced−2,128
Sprouts FMRS MKT IncSFM	COM	85208M102	2.5	<0.1%	29,058	Reduced−7,637
Core & Main IncCNM	CL A	21874C102	2.4	<0.1%	50,770	Reduced−12,168
Ulta Beauty IncULTA	COM	90384S303	2.4	<0.1%	5,420	New+5,420
Armstrong World Inds Inc NewAWI	COM	04247X102	2.4	<0.1%	15,082	Added+1,467
The Trade Desk IncTTD	COM CL A	88339J105	2.4	<0.1%	133,788	Added+25,367
Academy Sports & Outdoors inASO	COM	00402L107	2.4	<0.1%	50,708	Added+12,008
Dominos Pizza IncDPZ	COM	25754A201	2.4	<0.1%	8,056	Added+1,903
Jpmorgan Chase & CoJPM	COM	46625H100	2.3	<0.1%	7,000	Unchanged
Churchill Downs IncCHDN	COM	171484108	2.3	<0.1%	25,561	New+25,561
Century Alum CoCENX	COM	156431108	2.3	<0.1%	49,494	Reduced−356
Five Below IncFIVE	COM	33829M101	2.2	<0.1%	12,519	Added+11,265
Boot Barn Holdings IncBOOT	COM	099406100	2.2	<0.1%	13,278	Added+343
Buckle IncBKE	COM	118440106	2.2	<0.1%	51,230	New+51,230
Life Time Group Holdings IncLTH	COMMON STOCK	53190C102	2.1	<0.1%	52,084	Reduced−63,151
Urban Outfitters IncURBN	COM	917047102	2.0	<0.1%	28,819	Reduced−14,724
Mohawk Inds IncMHK	COM	608190104	2.0	<0.1%	16,220	Reduced−128,080
KrogerKR	COM	501044101	1.9	<0.1%	34,563	New+34,563
Darden Restaurants IncDRI	COM	237194105	1.8	<0.1%	8,776	Reduced−202
Cheesecake Factory IncCAKE	COM	163072101	1.7	<0.1%	21,691	Reduced−7,489
Taiwan Semiconductor MFG LtdTSM	SPONSORED ADS	874039100	1.7	<0.1%	3,525	Reduced−12,100
Vizsla Silver CorpVZLA	COM NEW	92859G608	1.6	<0.1%	499,777	Unchanged
Gigacloud Technology Inc	CLASS A ORD	G38644103	1.5	<0.1%	48,921	New+48,921
Boyd Gaming CorpBYD	COM	103304101	1.5	<0.1%	16,867	Reduced−16,614
TD Synnex CorporationSNX	COM	87162W100	1.4	<0.1%	5,347	Reduced−33,316
Dillards IncDDS	CL A	254067101	1.4	<0.1%	2,574	Reduced−859
Arcos Dorados Holdings Inc	SHS CLASS -A -	G0457F107	1.0	<0.1%	127,142	Unchanged
Fomento Economico Mexicano SFMX	SPON ADR UNITS	344419106	1.0	<0.1%	8,000	Unchanged
M & T BK CorpMTB	COM	55261F104	1.0	<0.1%	4,000	Unchanged
Franco Nev CorpFNV	COM	351858105	0.8	<0.1%	4,020	Reduced−300
Markel Group IncMKL	COM	570535104	0.8	<0.1%	421	Added+11
Novagold Res IncNG	COM NEW	66987E206	0.6	<0.1%	103,160	Reduced−4,850
Wells Fargo Co NewWFC	COM	949746101	0.4	<0.1%	5,000	Unchanged
Goldmining IncGLDG	COM	38149E101	0.4	<0.1%	401,996	Unchanged
EPR PptysEPR	COM SH BEN INT	26884U109	0.4	<0.1%	6,251	Reduced−229
Chipotle Mexican Grill IncCMG	COM	169656105	0.3	<0.1%	9,638	New+9,638
Siteone Landscape Supply IncSITE	COM	82982L103	0.3	<0.1%	2,790	Reduced−15,928
KB HomeKBH	COM	48666K109	0.3	<0.1%	4,756	New+4,756
Toll Brothers IncTOL	COM	889478103	0.3	<0.1%	1,682	Reduced−242
Champion Homes IncSKY	COM	830830105	0.3	<0.1%	3,031	Reduced−517
BJS WHSL Club Holdings IncBJ	COM	05550J101	0.3	<0.1%	2,996	New+2,996
D R Horton IncDHI	COM	23331A109	0.3	<0.1%	1,577	Reduced−334
Arrow Electrs IncARW	COM	042735100	0.2	<0.1%	1,170	Reduced−32,575
DHT Holdings Inc	SHS NEW	Y2065G121	0.2	<0.1%	11,445	Reduced−254,292
Pagseguro Digital Ltd	COM CL A	G68707101	0.1	<0.1%	12,095	Reduced−187,130

Sold out: 31 positions

Held at the end of the quarter before and not reported this quarter.

Ruffer LLP, positions sold out
Issuer	Class	CUSIP	Weight	Change on the quarter before
Abercrombie & Fitco CoANF	CL A	002896207	0.0%	Sold out−30,270
Ashland IncASH	COM	044186104	0.0%	Sold out−64,533
CSX CorpCSX	COM	126408103	0.0%	Sold out−148,210
Diamondrock Hospitality CoDRH	COM	252784301	0.0%	Sold out−11,033
Dupont de Nemours Inc	COM	26614N102	0.0%	Sold out−88,140
Element Solutions IncESI	COM	28618M106	0.0%	Sold out−105,820
Exelixis IncEXEL	COM	30161Q104	0.0%	Sold out−117,923
Flex LNG Ltd	SHS	G35947202	0.0%	Sold out−144,610
Fortune Brands Innovations IFBIN	COM	34964C106	0.0%	Sold out−58,029
Garrett Motion IncGTX	COM	366505105	0.0%	Sold out−205,949
General MTRS CoGM	COM	37045V100	0.0%	Sold out−54,616
Harmony Biosciences Holdings inHRMY	COM	413197104	0.0%	Sold out−104,658
Harmony Gold MNG LtdHMY	SPONSORED ADR	413216300	0.0%	Sold out−96,152
Indivior Pharmaceuticals IncINDV	COM	45579U109	0.0%	Sold out−90,247
Kodiak Gas SVCS IncKGS	COM	50012A108	0.0%	Sold out−147,870
Lennar CorpLEN	CL A	526057104	0.0%	Sold out−20,580
Linde plc	SHS	G54950103	0.0%	Sold out−8,560
Lyondellbasell Industries NV	SHS - A -	N53745100	0.0%	Sold out−77,910
Murphy USA IncMUSA	COM	626755102	0.0%	Sold out−4,522
National Fuel Gas CoNFG	COM	636180101	0.0%	Sold out−82,360
Pitney Bowes IncPBI	COM	724479100	0.0%	Sold out−328,645
SFL Corporation Ltd	SHS	G7738W106	0.0%	Sold out−350,080
Simply Good Foods CoSMPL	COM	82900L102	0.0%	Sold out−299,062
Soleno Therapeutics Inc	COM	834203309	0.0%	Sold out−46,673
Super Group SGHC Limited	ORD SHS	G8588X103	0.0%	Sold out−248,002
Topbuild Cor	COM	89055F103	0.0%	Sold out−5,478
Tractor Supply CoTSCO	COM	892356106	0.0%	Sold out−46,191
U Haul Holding CompanyUHAL	COM SER N	023586506	0.0%	Sold out−299,133
Valvoline IncVVV	COM	92047W101	0.0%	Sold out−80,326
Virtu Finl IncVIRT	CL A	928254101	0.0%	Sold out−81,146
Wayfair IncW	CL A	94419L101	0.0%	Sold out−31,465

Source: SEC EDGAR, Form 13F-HR, accession 0001426859-26-000008 (on sec.gov). Last ingested by Listed: Oct 22, 2026, 05:26 ET. Listed shows no prices and gives no investment advice.