Ruffer LLP
13F holdings for Q2 2026 · LONDON, X0 · filed July 30, 2026
Ruffer LLP reported $2.8B in 13F securities across 187 holdings for Q2 2026, in a Form 13F filed July 30, 2026. The largest positions were AMZN (7.0%), MSFT (6.0%), BABA (4.3%). Reported value rose 15.7% from the quarter before. It opened 42 new positions, added to 66, trimmed 70 and sold out of 31.
- 13F value Q2 2026
- $2.8B
- Holdings
- 187
- Change vs prior quarter
- +15.7%
- Rank by 13F value
- #1,307
Holdings as of June 30, 2026, the end of Q2 2026. Managers have 45 days after a quarter ends to file Form 13F (by August 14, 2026 for Q2 2026), so positions may have changed since.
Top holdings
| Stock | Value | Weight | Shares | Change in shares | Move |
|---|---|---|---|---|---|
| AMZN Amazon.com Inc. | $197M | 7.0% | 829,118 | +47.7% | Added |
| MSFT Microsoft Corporation | $169M | 6.0% | 454,873 | +45.1% | Added |
| BABA Alibaba Group Holding Limited | $121M | 4.3% | 1,265,069 | +8.0% | Added |
| Smurfit Westrock PLC SHS | $113M | 4.0% | 2,438,889 | -12.5% | Trimmed |
| BAC Bank of America Corporation | $74.2M | 2.6% | 1,304,202 | -0.9% | Trimmed |
| FND Floor & Decor Holdings Inc. | $73.3M | 2.6% | 1,235,490 | +12.2% | Added |
| COIN Coinbase Global Inc. | $72.9M | 2.6% | 499,000 | -65.3% | Trimmed |
| NTES NetEase Inc. | $62.5M | 2.2% | 487,913 | New | New |
| SLB SLB Limited | $62.3M | 2.2% | 1,341,534 | -13.0% | Trimmed |
| BP BP p.l.c. | $60.0M | 2.1% | 1,624,940 | -22.5% | Trimmed |
| SOLV Solventum Corporation | $59.8M | 2.1% | 776,468 | -9.7% | Trimmed |
| SU Suncor Energy Inc. | $54.2M | 1.9% | 1,009,746 | +0.6% | Added |
| LAMR Lamar Advertising Company | $52.7M | 1.9% | 338,207 | 0% | Unchanged |
| BF.B Brown Forman Corporation | $51.4M | 1.8% | 1,931,956 | -29.3% | Trimmed |
| YMM Full Truck Alliance Co. Ltd. | $46.4M | 1.6% | 5,724,180 | New | New |
| EQX Equinox Gold Corp. | $46.0M | 1.6% | 4,736,428 | +14.8% | Added |
| Exxon Mobil Corp | $42.9M | 1.5% | 314,224 | -2.3% | Trimmed |
| TCOM Trip.com Group Limited | $42.8M | 1.5% | 1,075,096 | New | New |
| JD JD.com Inc. | $39.1M | 1.4% | 1,537,181 | New | New |
| BKNG Booking Holdings Inc. | $38.5M | 1.4% | 215,996 | +40.6% | Added |
| EXE Expand Energy Corporation | $38.3M | 1.4% | 420,557 | New | New |
| SPGI S&P Global Inc. | $38.1M | 1.3% | 93,768 | New | New |
| UNP Union Pacific Corporation | $38.0M | 1.3% | 140,019 | -17.3% | Trimmed |
| Totalenergies SE Act | $36.9M | 1.3% | 474,930 | New | New |
| BRK.B Berkshire Hathaway Inc. | $36.5M | 1.3% | 72,990 | +711.0% | Added |
Share positions only, at the value reported for the end of Q2 2026. Weight is the share of $2.8B in share positions; options and bonds count in the 13F value but not here.
Biggest buys in Q2 2026
- AMZN Amazon.com Inc. Added+$63.7M
- NTES NetEase Inc. New+$62.5M
- MSFT Microsoft Corporation Added+$52.7M
- YMM Full Truck Alliance Co. Ltd. New+$46.4M
- TCOM Trip.com Group Limited New+$42.8M
- JD JD.com Inc. New+$39.1M
- EXE Expand Energy Corporation New+$38.3M
- SPGI S&P Global Inc. New+$38.1M
- Totalenergies SE Act New+$36.9M
- SCHW Charles Schwab Corporation New+$33.0M
Biggest sells in Q2 2026
- COIN Coinbase Global Inc. Trimmed-$137M
- GE GE Aerospace Trimmed-$28.2M
- BF.B Brown Forman Corporation Trimmed-$21.3M
- BP BP p.l.c. Trimmed-$17.5M
- Smurfit Westrock PLC SHS Trimmed-$16.0M
- MHK Mohawk Industries Inc. Trimmed-$15.5M
- UHAL.B U-Haul Holding Company Sold out-$13.4M
- SLB SLB Limited Trimmed-$9.3M
- SNX TD SYNNEX Corporation Trimmed-$8.9M
- KGS Kodiak Gas Services Inc. Sold out-$8.6M
The change in shares since Q1 2026, adjusted for stock splits and priced at the Q2 2026 value per share. 42 new, 66 added, 70 trimmed, 31 sold out.
Sector mix
- Consumer Discretionary23.9%
- Technology13.9%
- Not listed with us12.9%
- Finance10.2%
- Energy9.9%
- Industrials8.2%
- Basic Materials6.6%
- Health Care5.1%
- Funds and other4.5%
- Real Estate2.3%
- Utilities1.7%
- Consumer Staples0.6%
13F value by quarter
More holdings
| Stock | Value | Weight | Shares | Change in shares | Move |
|---|---|---|---|---|---|
| PNC PNC Financial Services Group Inc. | $35.8M | 1.3% | 145,485 | -1.3% | Trimmed |
| CP Canadian Pacific Kansas City Limited | $33.4M | 1.2% | 386,182 | +3.1% | Added |
| SCHW Charles Schwab Corporation | $33.0M | 1.2% | 358,432 | New | New |
| VIST Vista Energy S.A.B. de C.V. | $33.0M | 1.2% | 518,201 | -2.8% | Trimmed |
| Signet Jewelers LTD SHS | $31.0M | 1.1% | 360,278 | +58.3% | Added |
| EXP Eagle Materials Inc | $29.7M | 1.0% | 131,978 | +1138% | Added |
| PFE Pfizer Inc. | $27.1M | 1.0% | 1,126,006 | -2.1% | Trimmed |
| Warner Bros Discovery Inc Com Ser A | $24.5M | 0.9% | 920,507 | +64.1% | Added |
| GAU Galiano Gold Inc. | $24.2M | 0.9% | 12,994,532 | -1.7% | Trimmed |
| ARIS Aris Mining Corporation | $23.9M | 0.8% | 1,605,529 | -14.3% | Trimmed |
| EGO Eldorado Gold Corporation | $20.9M | 0.7% | 674,029 | -25.1% | Trimmed |
| KGC Kinross Gold Corporation | $20.6M | 0.7% | 874,179 | +163.0% | Added |
| DIS Walt Disney Company | $20.4M | 0.7% | 211,815 | +245.7% | Added |
| ABNB Airbnb Inc. | $20.0M | 0.7% | 139,870 | New | New |
| VG Venture Global Inc. | $19.9M | 0.7% | 1,789,003 | +288.2% | Added |
| FLR Fluor Corporation | $19.7M | 0.7% | 375,643 | New | New |
| COO The Cooper Companies Inc. | $19.2M | 0.7% | 268,591 | +24.2% | Added |
| CDE Coeur Mining Inc. | $19.1M | 0.7% | 1,168,748 | +204.3% | Added |
| Magnum Ice Cream Co NV Ord SHS | $18.8M | 0.7% | 1,082,605 | +43.3% | Added |
| IFF International Flavors & Fragrances Inc. | $18.1M | 0.6% | 228,297 | -21.7% | Trimmed |
| Wise Group PLC Ord SHS Class A | $17.0M | 0.6% | 1,415,047 | New | New |
| OGC OceanaGold Corporation | $16.7M | 0.6% | 667,801 | New | New |
| SSRM SSR Mining Inc. | $16.5M | 0.6% | 583,120 | -20.3% | Trimmed |
| ALV Autoliv Inc. | $15.9M | 0.6% | 137,005 | New | New |
| B Barrick Mining Corporation | $15.8M | 0.6% | 431,774 | -24.4% | Trimmed |
Showing the 50 largest of 187 share positions. The full filing on SEC EDGAR
Questions about Ruffer LLP
- What does Ruffer LLP own?
- In its Form 13F for Q2 2026, Ruffer LLP reported 187 holdings worth $2.8B. The five largest were AMZN, MSFT, BABA, Smurfit Westrock PLC SHS, BAC.
- What did Ruffer LLP buy and sell in Q2 2026?
- Ruffer LLP opened 42 new positions, added to 66, trimmed 70 and sold out of 31 compared with the quarter before.
- When did Ruffer LLP file its latest 13F?
- Form 13F is due 45 days after each quarter ends. The Q2 2026 report was due August 14, 2026 and was filed July 30, 2026.
From Form 13F filed by Ruffer LLP (SEC CIK 0001426859) for the quarter ended June 30, 2026, via the SEC's Form 13F data sets. Amendments that restate a report replace it; amendments that add holdings are included. View on SEC EDGAR · All funds