Ruffer LLP portfolio
Investment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Jul 30, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Ruffer LLP reported a $2.8 bn portfolio of 187 positions to the SEC as of the end of Q2 2026. Its largest positions are AMZN, MSFT, BABA. During the quarter it opened Netease and Full Truck Alliance.
Sections with a free account
What changed this quarter
200 positions with a change (40 new, 63 added to, 67 trimmed, 30 sold); also, 1 entered through an IPO, 1 exited through an acquisition or merger, 1 entered through a spin-off. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Newly listedWise GroupWSE0.6% of the portfolio
It started trading this quarter: it appears in a 13F for the first time. The filing does not say whether the manager already held it before the listing, so it is not counted as a purchase.
- Coinbase Global−65%fewer sharesReduced10.3% → 2.6%
- Amazon.com+48%more sharesIncreased4.8% → 7.0%
- Netease+2.2 ppof portfolioNew— → 2.2%
- Microsoft+45%more sharesIncreased4.8% → 6.0%
- Full Truck Alliance+1.6 ppof portfolioNew— → 1.6%
- Trip.com Group+1.5 ppof portfolioNew— → 1.5%
- JD.com+1.4 ppof portfolioNew— → 1.4%
- Expand Energy+1.4 ppof portfolioNew— → 1.4%
- S&P Global+1.3 ppof portfolioNew— → 1.3%
- TotalEnergies+1.3 ppof portfolioNew— → 1.3%
- Charles Schwab+1.2 ppof portfolioNew— → 1.2%
- Berkshire Hathaway+711%more sharesIncreased0.2% → 1.3%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Amazon.comAMZN7.0%
- MicrosoftMSFT6.0%
- Alibaba Group HoldingBABA4.3%
- Smurfit WestrockSW4.0%
- Bank of AmericaBAC2.6%
- Floor & Decor HoldingsFND2.6%
- Coinbase GlobalCOIN2.6%
- NeteaseNTES2.2%
- SLBSLB2.2%
- BPBP2.1%
- SolventumSOLV2.1%
- Suncor EnergySU1.9%
- Lamar AdvertisingLAMR1.9%
- Brown FormanBF/B1.8%
- Full Truck AllianceYMM1.6%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Consumer Discretionary 24%
- ● Energy 15%
- ● Materials 13%
- ● Financials 13%
- ● Information Technology 12%
- ● Industrials 7%
- ● Health Care 5%
- ● Communication Services 4%
- ● Consumer Staples 4%
- ● Real Estate 2%
- ● No sector 2%
How its portfolio changed (8 quarters)
Q2 2026: 187
Q2 2026: 36%
Q2 2026: 24.5%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Aug 19, 2026 (medium confidence).
The data, as reported: RUFFER LLP (CRD 309733): 7.B private funds: 1 other (gross assets $4.9 bn); 5.D assets by client type: pooled vehicles 53%, individuals 25%, corporations 10%, pension plans 6% (of $24.9 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
Not counted as a concentrated manager: its portfolio is not within 5 to 100 positions; its top 10 positions are under 45%. Its portfolio is shown all the same, but it is left out of manager counts, the consensus and the ranking. How this is decided
Similar managers by type and size
Same type of filer and a 13F portfolio value between a third and three times this one. It is not a comparison of what they hold.
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