# Ruffer LLP: Form 13F holdings

An institutional investment manager in LONDON. SEC CIK 1426859.

- Quarter ended: 2026-06-30
- Filed: 2026-07-30
- Reported value: $2.83bn
- Positions: 187 (187 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1426859/000142685926000008/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [AMAZON COM INC (AMZN)](/companies/amzn.md) | COM | $197.4m | 7.0% | 829,118 |  | Added +267,591 |
| [MICROSOFT CORP (MSFT)](/companies/msft.md) | COM | $169.5m | 6.0% | 454,873 |  | Added +141,427 |
| [ALIBABA GROUP HLDG LTD (BABA)](/companies/baba.md) | SPONSORED ADS | $121.3m | 4.3% | 1,265,069 |  | Added +93,840 |
| SMURFIT WESTROCK PLC | SHS | $112.7m | 4.0% | 2,438,889 |  | Reduced −347,308 |
| [BANK AMERICA CORP (BAC)](/companies/bac.md) | COM | $74.2m | 2.6% | 1,304,202 |  | Reduced −11,658 |
| [FLOOR & DECOR HLDGS INC (FND)](/companies/fnd.md) | CL A | $73.3m | 2.6% | 1,235,490 |  | Added +134,765 |
| [COINBASE GLOBAL INC (COIN)](/companies/coin.md) | COM CL A | $72.9m | 2.6% | 499,000 |  | Reduced −936,990 |
| [NETEASE COM INC (NTES)](/companies/ntes.md) | SPONSORED ADS | $62.5m | 2.2% | 487,913 |  | New +487,913 |
| [SLB LIMITED (SLB)](/companies/slb.md) | COM STK | $62.3m | 2.2% | 1,341,534 |  | Reduced −200,552 |
| [BP PLC (BP)](/companies/bp.md) | SPONSORED ADR | $60.0m | 2.1% | 1,624,940 |  | Reduced −473,066 |
| [SOLVENTUM CORP (SOLV)](/companies/solv.md) | COM SHS | $59.8m | 2.1% | 776,468 |  | Reduced −83,525 |
| [SUNCOR ENERGY INC NEW (SU)](/companies/su.md) | COM | $54.2m | 1.9% | 1,009,746 |  | Added +5,684 |
| [LAMAR ADVERTISING CO NEW (LAMR)](/companies/lamr.md) | CL A | $52.7m | 1.9% | 338,207 |  | Reduced −283 |
| [BROWN FORMAN CORP (BF-B)](/companies/bf-b.md) | CL B | $51.4m | 1.8% | 1,931,956 |  | Reduced −799,920 |
| [FULL TRUCK ALLIANCE CO LTD (YMM)](/companies/ymm.md) | SPONSORED ADS | $46.4m | 1.6% | 5,724,180 |  | New +5,724,180 |
| [EQUINOX GOLD CORP (EQX)](/companies/eqx.md) | COM | $46.0m | 1.6% | 4,736,428 |  | Added +609,593 |
| EXXON MOBIL CORP | COM | $42.9m | 1.5% | 314,224 |  | Reduced −7,482 |
| [TRIP COM GROUP LTD (TCOM)](/companies/tcom.md) | ADS | $42.8m | 1.5% | 1,075,096 |  | New +1,075,096 |
| [JD.COM INC (JD)](/companies/jd.md) | SPON ADS CL A | $39.1m | 1.4% | 1,537,181 |  | New +1,537,181 |
| [BOOKING HOLDINGS INC (BKNG)](/companies/bkng.md) | COM | $38.5m | 1.4% | 215,996 |  | Added +209,849 |
| [EXPAND ENERGY CORPORATION (EXE)](/companies/exe.md) | COM | $38.3m | 1.4% | 420,557 |  | New +420,557 |
| [S&P GLOBAL INC (SPGI)](/companies/spgi.md) | COM | $38.1m | 1.3% | 93,768 |  | New +93,768 |
| [UNION PAC CORP (UNP)](/companies/unp.md) | COM | $38.0m | 1.3% | 140,019 |  | Reduced −29,237 |
| TOTALENERGIES SE | ACT | $36.9m | 1.3% | 474,930 |  | New +474,930 |
| [BERKSHIRE HATHAWAY INC DEL (BRK-B)](/companies/brk-b.md) | CL B NEW | $36.5m | 1.3% | 72,990 |  | Added +63,990 |
| [PNC FINL SVCS GROUP INC (PNC)](/companies/pnc.md) | COM | $35.8m | 1.3% | 145,485 |  | Reduced −1,910 |
| [CANADIAN PACIFIC KANSAS CITY (CP)](/companies/cp.md) | COM | $33.4m | 1.2% | 386,182 |  | Added +11,640 |
| [SCHWAB CHARLES CORP (SCHW)](/companies/schw.md) | COM | $33.0m | 1.2% | 358,432 |  | New +358,432 |
| [VISTA ENERGY S.A.B. DE C.V. (VIST)](/companies/vist.md) | SPONSORED ADS | $33.0m | 1.2% | 518,201 |  | Reduced −14,719 |
| SIGNET JEWELERS LIMITED | SHS | $31.0m | 1.1% | 360,278 |  | Added +132,643 |
| [EAGLE MATLS INC (EXP)](/companies/exp.md) | COM | $29.7m | 1.0% | 131,978 |  | Added +121,317 |
| [PFIZER INC (PFE)](/companies/pfe.md) | COM | $27.1m | 1.0% | 1,126,006 |  | Reduced −23,747 |
| WARNER BROS DISCOVERY INC | COM SER A | $24.5m | 0.9% | 920,507 |  | Added +359,418 |
| [GALIANO GOLD INC (GAU)](/companies/gau.md) | COM | $24.2m | 0.9% | 12,994,532 |  | Reduced −230,000 |
| [ARIS MNG CORP (ARIS)](/companies/aris.md) | COM | $23.9m | 0.8% | 1,605,529 |  | Reduced −267,004 |
| [ELDORADO GOLD CORP NEW (EGO)](/companies/ego.md) | COM | $20.9m | 0.7% | 674,029 |  | Reduced −225,329 |
| [KINROSS GOLD CORP (KGC)](/companies/kgc.md) | COM | $20.6m | 0.7% | 874,179 |  | Added +541,739 |
| [DISNEY WALT CO (DIS)](/companies/dis.md) | COM | $20.4m | 0.7% | 211,815 |  | Added +150,535 |
| [AIRBNB INC (ABNB)](/companies/abnb.md) | COM CL A | $20.0m | 0.7% | 139,870 |  | New +139,870 |
| [VENTURE GLOBAL INC (VG)](/companies/vg.md) | COM CL A | $19.9m | 0.7% | 1,789,003 |  | Added +1,328,198 |
| [FLUOR CORP (FLR)](/companies/flr.md) | COM | $19.7m | 0.7% | 375,643 |  | New +375,643 |
| [COOPER COS INC (COO)](/companies/coo.md) | COM | $19.2m | 0.7% | 268,591 |  | Added +52,420 |
| [COEUR MNG INC (CDE)](/companies/cde.md) | COM NEW | $19.1m | 0.7% | 1,168,748 |  | Added +784,716 |
| MAGNUM ICE CREAM CO NV | ORD SHS | $18.8m | 0.7% | 1,082,605 |  | Added +327,041 |
| [INTERNATIONAL FLAVORS&FRAGRA (IFF)](/companies/iff.md) | COM | $18.1m | 0.6% | 228,297 |  | Reduced −63,316 |
| WISE GROUP PLC | ORD SHS CLASS A | $17.0m | 0.6% | 1,415,047 |  | New +1,415,047 |
| [OCEANAGOLD CORP (OGC)](/companies/ogc.md) | COM NEW | $16.7m | 0.6% | 667,801 |  | New +667,801 |
| [SSR MINING IN (SSRM)](/companies/ssrm.md) | COM | $16.5m | 0.6% | 583,120 |  | Reduced −148,504 |
| [AUTOLIV INC (ALV)](/companies/alv.md) | COM | $15.9m | 0.6% | 137,005 |  | New +137,005 |
| [BARRICK GOLD CORP (B)](/companies/b.md) | COM | $15.8m | 0.6% | 431,774 |  | Reduced −139,651 |
| [GE AEROSPACE (GE)](/companies/ge.md) | COM NEW | $15.8m | 0.6% | 42,402 |  | Reduced −75,640 |
| [NEWMONT CORP (NEM)](/companies/nem.md) | COM | $15.3m | 0.5% | 163,583 |  | Added +29,124 |
| [PHILIP MORRIS INTL INC (PM)](/companies/pm.md) | COM | $12.7m | 0.4% | 70,063 |  | Reduced −1,816 |
| [PAYCOM SOFTWARE INC (PAYC)](/companies/payc.md) | COM | $10.9m | 0.4% | 87,209 |  | Added +31,985 |
| [PAYCHEX INC (PAYX)](/companies/payx.md) | COM | $10.1m | 0.4% | 102,561 |  | Added +26,135 |
| [RED ROCK RESORTS INC (RRR)](/companies/rrr.md) | CL A | $10.1m | 0.4% | 154,858 |  | Added +107,601 |
| [AGNICO EAGLE MINES LTD (AEM)](/companies/aem.md) | COM | $9.8m | 0.3% | 63,411 |  | New +63,411 |
| [INTEGRA RES CORP (ITRG)](/companies/itrg.md) | COM | $9.8m | 0.3% | 4,433,503 |  | Added +448,478 |
| [DYNATRACE INC (DT)](/companies/dt.md) | COM NEW | $9.3m | 0.3% | 211,477 |  | Added +98,422 |
| [ROYAL GOLD INC (RGLD)](/companies/rgld.md) | COM | $8.9m | 0.3% | 44,600 |  | Reduced −1,670 |
| [ANTERO MIDSTREAM CORP (AM)](/companies/am.md) | COM | $8.7m | 0.3% | 384,010 |  | Added +33,650 |
| COPA HOLDINGS SA | CL A | $8.1m | 0.3% | 52,227 |  | Added +8,128 |
| [FORTINET INC (FTNT)](/companies/ftnt.md) | COM | $8.0m | 0.3% | 52,054 |  | Reduced −402 |
| [CENTERRA GOLD INC (CGAU)](/companies/cgau.md) | COM | $8.0m | 0.3% | 504,233 |  | Reduced −226,583 |
| [SKEENA RES LTD NEW (SKE)](/companies/ske.md) | COM | $7.6m | 0.3% | 283,866 |  | Reduced −115,170 |
| [ARCHER DANIELS MIDLAND CO (ADM)](/companies/adm.md) | COM | $7.4m | 0.3% | 96,890 |  | New +96,890 |
| [INTUIT (INTU)](/companies/intu.md) | COM | $7.4m | 0.3% | 28,336 |  | Added +19,065 |
| [M/I HOMES INC (MHO)](/companies/mho.md) | COM | $7.4m | 0.3% | 45,809 |  | Reduced −6,450 |
| [DT MIDSTREAM INC (DTM)](/companies/dtm.md) | COMMON STOCK | $7.3m | 0.3% | 49,640 |  | New +49,640 |
| [SS&C TECH HLDGS (SSNC)](/companies/ssnc.md) | COM | $7.3m | 0.3% | 117,022 |  | Added +58,487 |
| [CANADIAN NATL RY CO (CNI)](/companies/cni.md) | COM | $7.2m | 0.3% | 60,250 |  | Reduced −2,860 |
| [BCE INC (BCE)](/companies/bce.md) | COM NEW | $7.1m | 0.3% | 329,790 |  | Added +49,750 |
| [DEVON ENERGY CORP NEW (DVN)](/companies/dvn.md) | COM | $7.1m | 0.3% | 171,460 |  | New +171,460 |
| [PINNACLE WEST CAP CORP (PNW)](/companies/pnw.md) | COM | $7.0m | 0.2% | 65,180 |  | New +65,180 |
| GENPACT LIMITED | SHS | $6.9m | 0.2% | 252,992 |  | Added +143,900 |
| [DOUBLEVERIFY HLDGS INC (DV)](/companies/dv.md) | COM | $6.8m | 0.2% | 623,608 |  | Added +11,591 |
| [GOLD FIELDS LTD (GFI)](/companies/gfi.md) | SPONSORED ADR | $6.7m | 0.2% | 200,640 |  | New +200,640 |
| [TC ENERGY CORP (TRP)](/companies/trp.md) | COM | $6.6m | 0.2% | 99,810 |  | Reduced −23,230 |
| [TRAVEL PLUS LEISURE CO (TNL)](/companies/tnl.md) | COM | $6.4m | 0.2% | 83,502 |  | Added +76,006 |
| OSISKO DEVELOPMENT CORP | COM NEW | $6.4m | 0.2% | 2,591,180 |  | Added +1,633,601 |
| [SOUTH BOW CORP (SOBO)](/companies/sobo.md) | COM | $6.3m | 0.2% | 179,920 |  | New +179,920 |
| [HAPPEN INC (HAPN)](/companies/hapn.md) | COM NEW | $6.2m | 0.2% | 298,095 |  | New +298,095 |
| [FEDERATED HERMES INC (FHI)](/companies/fhi.md) | CL B | $6.2m | 0.2% | 111,652 |  | Added +28,743 |
| [EASTMAN CHEM CO (EMN)](/companies/emn.md) | COM | $6.1m | 0.2% | 90,960 |  | Added +36,220 |
| [GARTNER INC (IT)](/companies/it.md) | COM | $6.1m | 0.2% | 46,780 |  | Added +20,372 |
| [PRICE T ROWE GROUP INC (TROW)](/companies/trow.md) | COM | $5.9m | 0.2% | 52,270 |  | Reduced −3,986 |
| [INCYTE CORP (INCY)](/companies/incy.md) | COM | $5.9m | 0.2% | 52,291 |  | Added +4,923 |
| JAZZ PHARMACEUTICALS PLC | SHS USD | $5.9m | 0.2% | 24,567 |  | New +24,567 |
| [FOX CORP (FOXA)](/companies/foxa.md) | CL A COM | $5.9m | 0.2% | 112,972 |  | Added +7,404 |
| AMDOCS LTD | SHS | $5.9m | 0.2% | 116,121 |  | Added +53,241 |
| [AVNET INC (AVT)](/companies/avt.md) | COM | $5.9m | 0.2% | 65,939 |  | Added +61,216 |
| [NEUROCRINE BIOSCIENCES INC (NBIX)](/companies/nbix.md) | COM | $5.8m | 0.2% | 34,541 |  | Reduced −1,592 |
| ACCENTURE PLC IRELAND | SHS CLASS A | $5.8m | 0.2% | 46,374 |  | Added +25,391 |
| [ANI PHARMACEUTICALS INC (ANIP)](/companies/anip.md) | COM | $5.7m | 0.2% | 69,426 |  | Added +9,235 |
| [INFOSYS LTD (INFY)](/companies/infy.md) | SPONSORED ADR | $5.7m | 0.2% | 545,691 |  | Added +240,734 |
| [STRATEGIC ED INC (STRA)](/companies/stra.md) | COM | $5.7m | 0.2% | 74,454 |  | New +74,454 |
| [GEN DIGITAL INC (GEN)](/companies/gen.md) | COM | $5.7m | 0.2% | 228,498 |  | Reduced −21,138 |
| [SCIENCE APPLICATIONS INTL CO (SAIC)](/companies/saic.md) | COM | $5.6m | 0.2% | 50,646 |  | Added +7,191 |
| [COGNIZANT TECHNOLOGY SOLUTIO (CTSH)](/companies/ctsh.md) | CL A | $5.5m | 0.2% | 142,641 |  | Added +73,357 |
| [CANADIAN NAT RES LTD MED TER (CNQ)](/companies/cnq.md) | COM | $5.4m | 0.2% | 136,720 |  | New +136,720 |
| [MAXIMUS INC (MMS)](/companies/mms.md) | COM | $5.4m | 0.2% | 99,933 |  | Added +26,886 |
| JANUS HENDERSON GROUP PLC | ORD SHS | $5.0m | 0.2% | 97,099 |  | Added +24,725 |
| [DORMAN PRODS INC (DORM)](/companies/dorm.md) | COM | $5.0m | 0.2% | 36,968 |  | Reduced −1,043 |
| [ALCOA CORP (AA)](/companies/aa.md) | COM | $4.8m | 0.2% | 92,830 |  | Added +110 |
| [COMMERCIAL METALS CO (CMC)](/companies/cmc.md) | COM | $4.8m | 0.2% | 76,911 |  | Reduced −1,283 |
| [LEAR CORP (LEA)](/companies/lea.md) | COM NEW | $4.5m | 0.2% | 33,663 |  | Reduced −4,785 |
| [SALESFORCE INC (CRM)](/companies/crm.md) | COM | $4.5m | 0.2% | 28,582 |  | Added +6,684 |
| ISHARES TR | MSCI CHINA A | $4.4m | 0.2% | 114,530 |  | Added +73,790 |
| [FIRST SOLAR INC (FSLR)](/companies/fslr.md) | COM | $4.4m | 0.2% | 18,461 |  | Added +3,362 |
| [BEST BUY INC (BBY)](/companies/bby.md) | COM | $4.3m | 0.2% | 57,016 |  | Reduced −13,776 |
| [FRANKLIN RESOURCES INC (BEN)](/companies/ben.md) | COM | $4.3m | 0.2% | 128,324 |  | Reduced −17,713 |
| [ARTISAN PARTNERS ASSET MGMT (APAM)](/companies/apam.md) | CL A | $4.2m | 0.1% | 122,211 |  | Added +23,428 |
| APTIV PLC | COM SHS | $4.1m | 0.1% | 66,896 |  | Added +27,586 |
| [PERDOCEO ED CORP (PRDO)](/companies/prdo.md) | COM | $3.9m | 0.1% | 122,534 |  | New +122,534 |
| [DAVE INC (DAVE)](/companies/dave.md) | CLASS A COM NEW | $3.8m | 0.1% | 10,187 |  | Reduced −3,654 |
| ANGLOGOLD ASHANTI PLC | COM SHS | $3.8m | 0.1% | 46,895 |  | Reduced −51,333 |
| [BROOKFIELD CORP (BN)](/companies/bn.md) | CL A LTD VT SH | $3.6m | 0.1% | 84,750 |  | Unchanged |
| [OVINTIV INC (OVV)](/companies/ovv.md) | COM | $3.6m | 0.1% | 68,026 |  | New +68,026 |
| [ADMA BIOLOGICS INC (ADMA)](/companies/adma.md) | COM | $3.5m | 0.1% | 422,958 |  | New +422,958 |
| AURA MINERALS INC | SHS NEW | $3.4m | 0.1% | 54,596 |  | New +54,596 |
| [SKYWEST (SKYW)](/companies/skyw.md) | COM | $3.3m | 0.1% | 33,704 |  | Reduced −1,326 |
| INVESCO LTD | SHS | $3.2m | 0.1% | 122,638 |  | Added +10,436 |
| [WARBY PARKER INC (WRBY)](/companies/wrby.md) | CL A COM | $3.2m | 0.1% | 105,104 |  | Added +830 |
| [MATADOR RES CO (MTDR)](/companies/mtdr.md) | COM | $3.1m | 0.1% | 63,290 |  | New +63,290 |
| [ANHEUSER BUSCH INBEV SA/NV (BUD)](/companies/bud.md) | SPONSORED ADR | $3.1m | 0.1% | 38,000 |  | Reduced −7,000 |
| INTERNATIONAL SEAWAYS INC | COM | $3.1m | 0.1% | 40,730 |  | Added +28,124 |
| FRONTLINE PLC | COM | $3.0m | 0.1% | 85,969 |  | Reduced −33,183 |
| OKEANIS ECO TANKERS COR | SHS | $3.0m | 0.1% | 59,137 |  | New +59,137 |
| [BRINKER INTL INC (EAT)](/companies/eat.md) | COM | $2.9m | 0.1% | 17,259 |  | Reduced −3,417 |
| [DOLLAR GEN CORP (DG)](/companies/dg.md) | COM | $2.9m | 0.1% | 25,130 |  | Added +8,290 |
| [HF SINCLAIR CORP (DINO)](/companies/dino.md) | COM | $2.9m | 0.1% | 41,146 |  | Reduced −34,024 |
| [TARGET CORP (TGT)](/companies/tgt.md) | COM | $2.8m | <0.1% | 21,644 |  | Reduced −2,764 |
| [CHEVRON CORP NEW (CVX)](/companies/cvx.md) | COM | $2.8m | <0.1% | 17,000 |  | Added +6,000 |
| [BOISE CASCADE CO DEL (BCC)](/companies/bcc.md) | COM | $2.8m | <0.1% | 36,054 |  | Added +3,374 |
| [CHOICE HOTELS INTL INC (CHH)](/companies/chh.md) | COM | $2.8m | <0.1% | 25,019 |  | Reduced −4,370 |
| [CARMAX INC (KMX)](/companies/kmx.md) | COM | $2.7m | <0.1% | 51,910 |  | Reduced −23,715 |
| [PAN AMERN SILVER CORP (PAAS)](/companies/paas.md) | COM | $2.7m | <0.1% | 60,745 |  | Reduced −109,558 |
| SCORPIO TANKERS INC | SHS | $2.7m | <0.1% | 38,491 |  | New +38,491 |
| [CHEWY INC (CHWY)](/companies/chwy.md) | CL A | $2.6m | <0.1% | 133,908 |  | New +133,908 |
| ELECTRONIC ARTS INC | COM | $2.6m | <0.1% | 12,818 |  | New +12,818 |
| [OLLIES BARGAIN OUTLET HLDGS (OLLI)](/companies/olli.md) | COM | $2.6m | <0.1% | 33,964 |  | New +33,964 |
| [AUTOMATIC DATA PROCESSING IN (ADP)](/companies/adp.md) | COM | $2.6m | <0.1% | 11,573 |  | Reduced −1,973 |
| [PAYLOCITY HLDG CORP (PCTY)](/companies/pcty.md) | COM | $2.5m | <0.1% | 23,786 |  | Reduced −2,128 |
| [SPROUTS FMRS MKT INC (SFM)](/companies/sfm.md) | COM | $2.5m | <0.1% | 29,058 |  | Reduced −7,637 |
| [CORE & MAIN INC (CNM)](/companies/cnm.md) | CL A | $2.4m | <0.1% | 50,770 |  | Reduced −12,168 |
| [ULTA BEAUTY INC (ULTA)](/companies/ulta.md) | COM | $2.4m | <0.1% | 5,420 |  | New +5,420 |
| [ARMSTRONG WORLD INDS INC NEW (AWI)](/companies/awi.md) | COM | $2.4m | <0.1% | 15,082 |  | Added +1,467 |
| [THE TRADE DESK INC (TTD)](/companies/ttd.md) | COM CL A | $2.4m | <0.1% | 133,788 |  | Added +25,367 |
| [ACADEMY SPORTS & OUTDOORS IN (ASO)](/companies/aso.md) | COM | $2.4m | <0.1% | 50,708 |  | Added +12,008 |
| [DOMINOS PIZZA INC (DPZ)](/companies/dpz.md) | COM | $2.4m | <0.1% | 8,056 |  | Added +1,903 |
| [JPMORGAN CHASE & CO (JPM)](/companies/jpm.md) | COM | $2.3m | <0.1% | 7,000 |  | Unchanged |
| [CHURCHILL DOWNS INC (CHDN)](/companies/chdn.md) | COM | $2.3m | <0.1% | 25,561 |  | New +25,561 |
| [CENTURY ALUM CO (CENX)](/companies/cenx.md) | COM | $2.3m | <0.1% | 49,494 |  | Reduced −356 |
| [FIVE BELOW INC (FIVE)](/companies/five.md) | COM | $2.2m | <0.1% | 12,519 |  | Added +11,265 |
| [BOOT BARN HLDGS INC (BOOT)](/companies/boot.md) | COM | $2.2m | <0.1% | 13,278 |  | Added +343 |
| [BUCKLE INC (BKE)](/companies/bke.md) | COM | $2.2m | <0.1% | 51,230 |  | New +51,230 |
| [LIFE TIME GROUP HOLDINGS INC (LTH)](/companies/lth.md) | COMMON STOCK | $2.1m | <0.1% | 52,084 |  | Reduced −63,151 |
| [URBAN OUTFITTERS INC (URBN)](/companies/urbn.md) | COM | $2.0m | <0.1% | 28,819 |  | Reduced −14,724 |
| [MOHAWK INDS INC (MHK)](/companies/mhk.md) | COM | $2.0m | <0.1% | 16,220 |  | Reduced −128,080 |
| [KROGER (KR)](/companies/kr.md) | COM | $1.9m | <0.1% | 34,563 |  | New +34,563 |
| [DARDEN RESTAURANTS INC (DRI)](/companies/dri.md) | COM | $1.8m | <0.1% | 8,776 |  | Reduced −202 |
| [CHEESECAKE FACTORY INC (CAKE)](/companies/cake.md) | COM | $1.7m | <0.1% | 21,691 |  | Reduced −7,489 |
| [TAIWAN SEMICONDUCTOR MFG LTD (TSM)](/companies/tsm.md) | SPONSORED ADS | $1.7m | <0.1% | 3,525 |  | Reduced −12,100 |
| [VIZSLA SILVER CORP (VZLA)](/companies/vzla.md) | COM NEW | $1.6m | <0.1% | 499,777 |  | Unchanged |
| GIGACLOUD TECHNOLOGY INC | CLASS A ORD | $1.5m | <0.1% | 48,921 |  | New +48,921 |
| [BOYD GAMING CORP (BYD)](/companies/byd.md) | COM | $1.5m | <0.1% | 16,867 |  | Reduced −16,614 |
| [TD SYNNEX CORPORATION (SNX)](/companies/snx.md) | COM | $1.4m | <0.1% | 5,347 |  | Reduced −33,316 |
| [DILLARDS INC (DDS)](/companies/dds.md) | CL A | $1.4m | <0.1% | 2,574 |  | Reduced −859 |
| ARCOS DORADOS HOLDINGS INC | SHS CLASS -A - | $1.0m | <0.1% | 127,142 |  | Unchanged |
| [FOMENTO ECONOMICO MEXICANO S (FMX)](/companies/fmx.md) | SPON ADR UNITS | $1.0m | <0.1% | 8,000 |  | Unchanged |
| [M & T BK CORP (MTB)](/companies/mtb.md) | COM | $951.0k | <0.1% | 4,000 |  | Unchanged |
| [FRANCO NEV CORP (FNV)](/companies/fnv.md) | COM | $837.0k | <0.1% | 4,020 |  | Reduced −300 |
| [MARKEL GROUP INC (MKL)](/companies/mkl.md) | COM | $821.3k | <0.1% | 421 |  | Added +11 |
| [NOVAGOLD RES INC (NG)](/companies/ng.md) | COM NEW | $615.2k | <0.1% | 103,160 |  | Reduced −4,850 |
| [WELLS FARGO CO NEW (WFC)](/companies/wfc.md) | COM | $412.7k | <0.1% | 5,000 |  | Unchanged |
| [GOLDMINING INC (GLDG)](/companies/gldg.md) | COM | $362.3k | <0.1% | 401,996 |  | Unchanged |
| [EPR PPTYS (EPR)](/companies/epr.md) | COM SH BEN INT | $362.2k | <0.1% | 6,251 |  | Reduced −229 |
| [CHIPOTLE MEXICAN GRILL INC (CMG)](/companies/cmg.md) | COM | $327.3k | <0.1% | 9,638 |  | New +9,638 |
| [SITEONE LANDSCAPE SUPPLY INC (SITE)](/companies/site.md) | COM | $318.9k | <0.1% | 2,790 |  | Reduced −15,928 |
| [KB HOME (KBH)](/companies/kbh.md) | COM | $297.4k | <0.1% | 4,756 |  | New +4,756 |
| [TOLL BROTHERS INC (TOL)](/companies/tol.md) | COM | $276.8k | <0.1% | 1,682 |  | Reduced −242 |
| [CHAMPION HOMES INC (SKY)](/companies/sky.md) | COM | $266.8k | <0.1% | 3,031 |  | Reduced −517 |
| [BJS WHSL CLUB HLDGS INC (BJ)](/companies/bj.md) | COM | $261.0k | <0.1% | 2,996 |  | New +2,996 |
| [D R HORTON INC (DHI)](/companies/dhi.md) | COM | $256.6k | <0.1% | 1,577 |  | Reduced −334 |
| [ARROW ELECTRS INC (ARW)](/companies/arw.md) | COM | $249.4k | <0.1% | 1,170 |  | Reduced −32,575 |
| DHT HOLDINGS INC | SHS NEW | $189.0k | <0.1% | 11,445 |  | Reduced −254,292 |
| PAGSEGURO DIGITAL LTD | COM CL A | $109.3k | <0.1% | 12,095 |  | Reduced −187,130 |

## Sold out

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

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [ABERCROMBIE & FITCO CO (ANF)](/companies/anf.md) | CL A | $0 | 0.0% | 0 |  | Sold out −30,270 |
| [ASHLAND INC (ASH)](/companies/ash.md) | COM | $0 | 0.0% | 0 |  | Sold out −64,533 |
| [CSX CORP (CSX)](/companies/csx.md) | COM | $0 | 0.0% | 0 |  | Sold out −148,210 |
| [DIAMONDROCK HOSPITALITY CO (DRH)](/companies/drh.md) | COM | $0 | 0.0% | 0 |  | Sold out −11,033 |
| DUPONT DE NEMOURS INC | COM | $0 | 0.0% | 0 |  | Sold out −88,140 |
| [ELEMENT SOLUTIONS INC (ESI)](/companies/esi.md) | COM | $0 | 0.0% | 0 |  | Sold out −105,820 |
| [EXELIXIS INC (EXEL)](/companies/exel.md) | COM | $0 | 0.0% | 0 |  | Sold out −117,923 |
| FLEX LNG LTD | SHS | $0 | 0.0% | 0 |  | Sold out −144,610 |
| [FORTUNE BRANDS INNOVATIONS I (FBIN)](/companies/fbin.md) | COM | $0 | 0.0% | 0 |  | Sold out −58,029 |
| [GARRETT MOTION INC (GTX)](/companies/gtx.md) | COM | $0 | 0.0% | 0 |  | Sold out −205,949 |
| [GENERAL MTRS CO (GM)](/companies/gm.md) | COM | $0 | 0.0% | 0 |  | Sold out −54,616 |
| [HARMONY BIOSCIENCES HLDGS IN (HRMY)](/companies/hrmy.md) | COM | $0 | 0.0% | 0 |  | Sold out −104,658 |
| [HARMONY GOLD MNG LTD (HMY)](/companies/hmy.md) | SPONSORED ADR | $0 | 0.0% | 0 |  | Sold out −96,152 |
| [INDIVIOR PHARMACEUTICALS INC (INDV)](/companies/indv.md) | COM | $0 | 0.0% | 0 |  | Sold out −90,247 |
| [KODIAK GAS SVCS INC (KGS)](/companies/kgs.md) | COM | $0 | 0.0% | 0 |  | Sold out −147,870 |
| [LENNAR CORP (LEN)](/companies/len.md) | CL A | $0 | 0.0% | 0 |  | Sold out −20,580 |
| LINDE PLC | SHS | $0 | 0.0% | 0 |  | Sold out −8,560 |
| LYONDELLBASELL INDUSTRIES NV | SHS - A - | $0 | 0.0% | 0 |  | Sold out −77,910 |
| [MURPHY USA INC (MUSA)](/companies/musa.md) | COM | $0 | 0.0% | 0 |  | Sold out −4,522 |
| [NATIONAL FUEL GAS CO (NFG)](/companies/nfg.md) | COM | $0 | 0.0% | 0 |  | Sold out −82,360 |
| [PITNEY BOWES INC (PBI)](/companies/pbi.md) | COM | $0 | 0.0% | 0 |  | Sold out −328,645 |
| SFL CORPORATION LTD | SHS | $0 | 0.0% | 0 |  | Sold out −350,080 |
| [SIMPLY GOOD FOODS CO (SMPL)](/companies/smpl.md) | COM | $0 | 0.0% | 0 |  | Sold out −299,062 |
| SOLENO THERAPEUTICS INC | COM | $0 | 0.0% | 0 |  | Sold out −46,673 |
| SUPER GROUP SGHC LIMITED | ORD SHS | $0 | 0.0% | 0 |  | Sold out −248,002 |
| TOPBUILD COR | COM | $0 | 0.0% | 0 |  | Sold out −5,478 |
| [TRACTOR SUPPLY CO (TSCO)](/companies/tsco.md) | COM | $0 | 0.0% | 0 |  | Sold out −46,191 |
| [U HAUL HOLDING COMPANY (UHAL)](/companies/uhal.md) | COM SER N | $0 | 0.0% | 0 |  | Sold out −299,133 |
| [VALVOLINE INC (VVV)](/companies/vvv.md) | COM | $0 | 0.0% | 0 |  | Sold out −80,326 |
| [VIRTU FINL INC (VIRT)](/companies/virt.md) | CL A | $0 | 0.0% | 0 |  | Sold out −81,146 |
| [WAYFAIR INC (W)](/companies/w.md) | CL A | $0 | 0.0% | 0 |  | Sold out −31,465 |

Source: SEC EDGAR, Form 13F-HR, accession 0001426859-26-000008. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.