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Livermore
Livermore
ZHEN

Ruffer LLP

SEC CIK
0001426859
Latest filing
Jul 30, 2026

Holdings in Q1 2026

Holdings as of Mar 31, 2026, filed May 13, 2026. Long positions only; changes compare share counts with Q4 2025.

Institution overview
Positions
176
+22 vs. Q4 2025
Portfolio value
$2.44B
+$247.8M (+11.3%) vs. Q4 2025
Filed
May 13, 2026
SEC
Holdings of Ruffer LLP in Q1 2026
SecurityClassSharesValue% of portfolioShare changeActionHistory
COINCoinbase Global, Inc.COM CL A1,435,990$251.5M10.3%+700,800+95.3%AddedHistory
BABAAlibaba Group Holding LtdADR1,171,229$147.4M6.0%+690,165+143.5%AddedHistory
AMZNAmazon Com IncStock561,527$117.3M4.8%−109,939−16.4%ReducedHistory
MSFTMicrosoft CorpStock313,446$116.4M4.8%+313,446NewHistory
SWSmurfit Westrock plcStock2,786,197$111.3M4.6%−1,717,954−38.1%ReducedHistory
BPBP PLCADR2,098,006$98.9M4.0%−137,744−6.2%ReducedHistory
SLBSLB LimitedStock1,542,086$79.5M3.3%+395,543+34.5%AddedHistory
BF.BBrown Forman CorpStock2,731,876$72.4M3.0%+2,731,876NewHistory
SUSuncor Energy IncStock1,004,062$66.4M2.7%+4,894+0.5%AddedHistory
BACBank of America CorpStock1,315,860$64.3M2.6%−352,170−21.1%ReducedHistory
EQXEquinox Gold Corp.COM4,126,835$59.7M2.4%−1,665,113−28.7%ReducedHistory
SOLVSolventum CorpStock859,993$56.3M2.3%+245,435+39.9%AddedHistory
FNDFloor & Decor Holdings, Inc.CL A1,100,725$56.1M2.3%+326,255+42.1%AddedHistory
XOMExxonMobil Holdings CorpCOM321,706$54.7M2.2%+1,625+0.5%AddedHistory
LAMRLamar Advertising CoREIT338,490$43.0M1.8%+98,670+41.1%AddedHistory
UNPUnion Pacific CorpStock169,256$41.2M1.7%+35,826+26.9%AddedHistory
VISTVista Energy, S.A.B. de C.V.SPONSORED ADS532,920$40.3M1.7%+138,410+35.1%AddedHistory
ARISAris Mining CorpCOM1,872,533$34.8M1.4%−774,606−29.3%ReducedHistory
GEGeneral Electric CoStock118,042$33.6M1.4%+741+0.6%AddedHistory
GAUGaliano Gold Inc.COM13,224,532$33.1M1.4%−1,080,975−7.6%ReducedHistory
PFEPfizer IncStock1,149,753$32.4M1.3%−174,343−13.2%ReducedHistory
EGOEldorado Gold CorpCOM899,358$31.0M1.3%−712,298−44.2%ReducedHistory
PNCPNC Financial Services Group, Inc.Stock147,395$30.8M1.3%−2,707−1.8%ReducedHistory
CPCanadian Pacific Kansas City LtdCOM374,542$29.5M1.2%+168,083+81.4%AddedHistory
BKNGBooking Holdings Inc.Stock6,147$26.0M1.1%+6,147NewHistory
BBarrick Mining CorpStock571,425$23.4M1.0%−79,235−12.2%ReducedHistory
SSRMSSR Mining Inc.Stock731,624$21.6M0.9%+731,624NewHistory
IFFInternational Flavors & Fragrances IncCOM291,613$21.2M0.9%+54,140+22.8%AddedHistory
SIGSignet Jewelers LtdSHS227,635$19.3M0.8%+42,443+22.9%AddedHistory
COOCooper Companies, Inc.COM216,171$15.5M0.6%−95,993−30.8%ReducedHistory
WBDWarner Bros. Discovery, Inc.Stock561,089$15.5M0.6%+561,089NewHistory
NEMNEWMONT CorpStock134,459$14.6M0.6%−30,360−18.4%ReducedHistory
MHKMohawk Industries IncCOM144,300$14.2M0.6%+144,300NewHistory
UHAL.BU-Haul Holding CoCOM SER N299,133$13.4M0.5%−5,819−1.9%ReducedHistory
CGAUCenterra Gold Inc.COM730,816$13.0M0.5%−2,524,315−77.5%ReducedHistory
PMPhilip Morris International Inc.Stock71,879$11.9M0.5%−117,426−62.0%ReducedHistory
SKESkeena Resources LtdCommon Stock399,036$11.9M0.5%−415,020−51.0%ReducedHistory
RGLDRoyal Gold IncStock46,270$11.8M0.5%−19,630−29.8%ReducedHistory
MICCMagnum Ice Cream Co N.V.ORD SHS755,564$11.1M0.5%+415,381+122.1%AddedHistory
ITRGIntegra Resources Corp.COM3,985,025$10.8M0.4%+978,572+32.5%AddedHistory
KGCKinross Gold CorpCOM332,440$10.2M0.4%+332,440NewHistory
AUAngloGold Ashanti PLCCOM SHS98,228$9.59M0.4%−222,769−69.4%ReducedHistory
PAASPan American Silver CorpStock170,303$9.33M0.4%−438,025−72.0%ReducedHistory
KGSKodiak Gas Services, Inc.COM147,870$8.65M0.4%+147,870NewHistory
AMAntero Midstream CorpStock350,360$8.01M0.3%+350,360NewHistory
NFGNational Fuel Gas CoStock82,360$7.76M0.3%+82,360NewHistory
TRPTC Energy CorpCOM123,040$7.70M0.3%+123,040NewHistory
VGVenture Global, Inc.COM CL A460,805$7.28M0.3%+460,805NewHistory
CDECoeur Mining, Inc.COM NEW384,032$7.22M0.3%+17,794+4.9%AddedHistory
BCEBce IncCOM NEW280,040$7.06M0.3%+280,040NewHistory
PAYXPaychex IncStock76,426$7.06M0.3%+76,426NewHistory
PAYCPaycom Software, Inc.Stock55,224$6.73M0.3%+35,640+182.0%AddedHistory
SNXTD Synnex CorpCOM38,663$6.54M0.3%+1,893+5.1%AddedHistory
CNICanadian National Railway CoStock63,110$6.49M0.3%+63,110NewHistory
MHOM/I Homes, Inc.COM52,259$6.42M0.3%+30,427+139.4%AddedHistory
LYBLyondellBasell Industries N.V.SHS - A -77,910$6.29M0.3%+77,910NewHistory
FOXAFox CorpCL A COM105,568$6.18M0.3%+2,358+2.3%AddedHistory
AAAlcoa CorpStock92,720$6.17M0.3%−173,190−65.1%ReducedHistory
CSXCSX CorpStock148,210$6.10M0.2%+148,210NewHistory
DISWalt Disney CoStock61,280$5.92M0.2%−506,335−89.2%ReducedHistory
DVDoubleVerify Holdings, Inc.COM612,017$5.83M0.2%−33,674−5.2%ReducedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR15,625$5.30M0.2%−15,550−49.9%ReducedHistory
TROWPrice T Rowe Group IncStock56,256$5.09M0.2%−4,827−7.9%ReducedHistory
EXELExelixis, Inc.COM117,923$5.07M0.2%+71,423+153.6%AddedHistory
CPACopa Holdings, S.A.CL A44,099$5.02M0.2%−4,720−9.7%ReducedHistory
DHTDHT Holdings, Inc.SHS NEW265,737$4.87M0.2%−93,001−25.9%ReducedHistory
ARWArrow Electronics, Inc.COM33,745$4.85M0.2%+33,745NewHistory
CMCCommercial Metals CoStock78,194$4.82M0.2%+78,194NewHistory
NBIXNeurocrine Biosciences IncStock36,133$4.77M0.2%+18,680+107.0%AddedHistory
FHIFederated Hermes, Inc.CL B82,909$4.72M0.2%−66,780−44.6%ReducedHistory
GENGen Digital Inc.Stock249,636$4.71M0.2%+249,636NewHistory
DINOHF Sinclair CorpCOM75,170$4.70M0.2%−27,170−26.5%ReducedHistory
MMSMaximus, Inc.COM73,047$4.70M0.2%−7,349−9.1%ReducedHistory
LEALear CorpCOM NEW38,448$4.67M0.2%+148+0.4%AddedHistory
ANIPAni Pharmaceuticals IncCOM60,191$4.64M0.2%+60,191NewHistory
BBYBest Buy Co IncStock70,792$4.56M0.2%+13,186+22.9%AddedHistory
INCYIncyte CorpCOM47,368$4.47M0.2%+22,026+86.9%AddedHistory
BRK.BBerkshire Hathaway IncStock9,000$4.33M0.2%00.0%UnchangedHistory
FLNGFlex LNG Ltd.SHS144,610$4.31M0.2%+144,610NewHistory
SMPLSimply Good Foods CoCOM299,062$4.30M0.2%+299,062NewHistory
FTNTFortinet, Inc.Stock52,456$4.30M0.2%+52,456NewHistory
CTSHCognizant Technology Solutions CorpCL A69,284$4.26M0.2%+69,284NewHistory
LINLinde PLCStock8,560$4.26M0.2%+8,560NewHistory
ITGartner IncCOM26,408$4.19M0.2%+26,408NewHistory
DTDynatrace, Inc.Stock113,055$4.19M0.2%+113,055NewHistory
EMNEastman Chemical CoStock54,740$4.19M0.2%+54,740NewHistory
ACNAccenture plcStock20,983$4.17M0.2%+20,983NewHistory
FROFrontline plcCOM119,152$4.17M0.2%+119,152NewHistory
SAICScience Applications International CorpCOM43,455$4.14M0.2%−14,209−24.6%ReducedHistory
INFYInfosys LtdSPONSORED ADR304,957$4.13M0.2%+304,957NewHistory
DOXAmdocs LtdSHS62,880$4.12M0.2%+62,880NewHistory
CRMSalesforce, Inc.Stock21,898$4.10M0.2%+21,898NewHistory
GMGeneral Motors CoCOM54,616$4.08M0.2%+9,922+22.2%AddedHistory
GGenpact LTDSHS109,092$4.08M0.2%+109,092NewHistory
DDDuPont de Nemours, Inc.COM88,140$4.05M0.2%+88,140NewHistory
INTUIntuit Inc.Stock9,271$4.02M0.2%+9,271NewHistory
DORMDorman Products, Inc.COM38,011$3.98M0.2%+17,764+87.7%AddedHistory
SSNCSS&C Technologies Holdings IncCOM58,535$3.97M0.2%+58,535NewHistory
SFLSFL Corp Ltd.SHS350,080$3.79M0.2%+350,080NewHistory
GTXGarrett Motion Inc.Stock205,949$3.75M0.2%+19,710+10.6%AddedHistory

Sold out since Q4 2025 (68)

Positions held at the end of Q4 2025 that are gone from this filing.

Positions of Ruffer LLP sold out since Q4 2025
SecurityClassShares in Q4 2025Value in Q4 2025% of portfolio in Q4 2025History
EXRExtra Space Storage Inc.COM385,535$50.3M2.3%History
NOMDNomad Foods LtdUSD ORD SHS2,140,876$26.8M1.2%History
TECKTeck Resources LtdCL B447,145$21.4M1.0%History
TFXTeleflex IncCOM42,166$5.15M0.2%History
HRBH&R Block IncCOM118,033$5.15M0.2%History
CALMCal-Maine Foods IncCOM NEW58,210$4.64M0.2%History
MUMicron Technology IncStock15,569$4.45M0.2%History
STNGScorpio Tankers Inc.SHS85,914$4.37M0.2%History
BWABorgwarner IncCOM91,926$4.15M0.2%History
OSKOshkosh CorpCOM29,982$3.77M0.2%History
TNKTeekay Tankers Ltd.CL A69,863$3.74M0.2%History
CROXCrocs, Inc.COM42,877$3.67M0.2%History
PRKSUnited Parks & Resorts Inc.COM97,970$3.56M0.2%History
RPRXRoyalty Pharma plcSHS CLASS A90,432$3.50M0.2%History
RHRHCOM19,219$3.45M0.2%History
BBTBeacon Financial CorpCOM130,048$3.43M0.2%History
BBWIBath & Body Works, Inc.COM170,505$3.43M0.2%History
VACMarriott Vacations Worldwide CorpCOM58,907$3.40M0.2%History
ACIAlbertsons Companies, Inc.COMMON STOCK195,920$3.37M0.2%History
ALITAlight, Inc. / DelawareCOM CL A1,710,398$3.34M0.2%History
JACKJack in the Box IncCOM169,792$3.22M0.1%History
WENWendy's CoStock382,890$3.19M0.1%History
VOYAVoya Financial, Inc.COM42,265$3.15M0.1%History
OZKBank OZKCOM68,063$3.14M0.1%History
RDNRadian Group IncCOM86,970$3.13M0.1%History
ASBAssociated Banc-CorpCOM121,477$3.13M0.1%History
UBSIUnited Bankshares IncCOM81,408$3.13M0.1%History
BOHBank of Hawaii CorpCOM45,370$3.11M0.1%History
SSBSouthState Bank CorpCOM32,661$3.08M0.1%History
FULTFulton Financial CorpCOM158,786$3.07M0.1%History
GOGrocery Outlet Holding Corp.COM302,619$3.06M0.1%History
UCBUnited Community Banks IncCOM97,641$3.05M0.1%History
FHBFirst Hawaiian, Inc.COM119,509$3.03M0.1%History
BNOUnited States Brent Oil Fund, LPETF106,450$3.02M0.1%History
HOMBHome Bancshares IncCOM108,357$3.01M0.1%History
AUBAtlantic Union Bankshares CorpCOM84,181$2.98M0.1%History
PBProsperity Bancshares IncCOM42,828$2.96M0.1%History
EBCEastern Bankshares, Inc.COM160,133$2.96M0.1%History
CRBGCorebridge Financial, Inc.COM97,176$2.94M0.1%History
SNVSynovus Financial CorpCOM NEW58,348$2.92M0.1%History
HASIHA Sustainable Infrastructure Capital, Inc.COM91,948$2.89M0.1%History
ONBOld National BancorpStock128,478$2.87M0.1%History
CZRCaesars Entertainment, Inc.COM120,390$2.82M0.1%History
WALWestern Alliance BancorporationCOM33,236$2.80M0.1%History
KSSKOHLS CorpStock128,343$2.62M0.1%History
CARTMaplebear Inc.COM56,987$2.57M0.1%History
JAZZJazz Pharmaceuticals plcSHS USD14,242$2.42M0.1%History
PSIXPower Solutions International, Inc.Stock38,063$2.18M0.1%History
PLAYDave & Buster's Entertainment, Inc.COM130,065$2.11M0.1%History
BTGB2GOLD CorpCOM454,824$2.05M0.1%History
HALOHalozyme Therapeutics, Inc.COM26,121$1.76M0.1%History
SUPNSupernus Pharmaceuticals, Inc.COM34,327$1.71M0.1%History
CPRXCatalyst Pharmaceuticals, Inc.COM70,807$1.66M0.1%History
CCitigroup IncStock13,850$1.62M0.1%History
RIGLRigel Pharmaceuticals IncCOM37,244$1.60M0.1%History
GOOGLAlphabet Inc.Stock3,900$1.22M0.1%History
AEMAgnico Eagle Mines LtdStock5,791$983.3K<0.1%History
GILDGilead Sciences, Inc.Stock6,918$850.4K<0.1%History
CPERUnited States Commodity Index Funds TrustCM REP COPP FD22,400$784.3K<0.1%History
AGNCAGNC Investment Corp.REIT46,517$499.4K<0.1%History
SBRASabra Health Care REIT, Inc.REIT23,094$438.1K<0.1%History
PSAPublic StorageCOM1,380$358.7K<0.1%History
PRPermian Resources CorpCLASS A COM14,661$206.0K<0.1%History
DAVAEndava plcADS32,000$202.6K<0.1%History
RITMRithm Capital Corp.REIT10,367$113.2K<0.1%History
PKPark Hotels & Resorts Inc.COM10,603$111.1K<0.1%History
ORCOrchid Island Capital, Inc.COM NEW14,790$106.7K<0.1%History
ABRArbor Realty Trust IncCOM13,677$106.3K<0.1%History