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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
DRHDiamondRock Hospitality CoCOM11,033$103.7K<0.1%−930−7.8%ReducedHistory
DHIHorton D R IncCOM1,911$263.0K<0.1%+1,911NewHistory
TOLToll Brothers, Inc.COM1,924$263.3K<0.1%+1,924NewHistory
SKYChampion Homes, Inc.Stock3,548$264.6K<0.1%+3,548NewHistory
FIVEFive Below, IncCOM1,254$287.3K<0.1%+1,254NewHistory
AVTAvnet IncCOM4,723$291.9K<0.1%+4,723NewHistory
EPREpr PropertiesCOM SH BEN INT6,480$324.7K<0.1%−775−10.7%ReducedHistory
WFCWells Fargo & CompanyStock5,000$399.2K<0.1%00.0%UnchangedHistory
GLDGGoldMining Inc.COM401,996$479.6K<0.1%00.0%UnchangedHistory
TNLTravel & Leisure Co.COM7,496$520.1K<0.1%+7,496NewHistory
MKLMarkel Group Inc.COM410$787.0K<0.1%+410NewHistory
MTBM&T Bank CorpCOM4,000$829.3K<0.1%00.0%UnchangedHistory
FMXMexican Economic Development IncSPON ADR UNITS8,000$891.0K<0.1%00.0%UnchangedHistory
INSWInternational Seaways, Inc.COM12,606$921.4K<0.1%+12,606NewHistory
NGNovagold Resources IncCOM NEW108,010$972.7K<0.1%−44,700−29.3%ReducedHistory
ARCOArcos Dorados Holdings Inc.SHS CLASS -A -127,142$1.05M<0.1%00.0%UnchangedHistory
FNVFranco Nevada CorpStock4,320$1.07M<0.1%−1,900−30.5%ReducedHistory
iShares Tr46434V514MSCI CHINA A40,740$1.40M0.1%−90,260−68.9%Reduced–
HMYHarmony Gold Mining Co LtdADR96,152$1.48M0.1%+96,152NewHistory
SLNOSoleno Therapeutics IncCOM46,673$1.57M0.1%+46,673NewHistory
CAKECheesecake Factory IncCOM29,180$1.60M0.1%+29,180NewHistory
VZLAVizsla Silver Corp.COM NEW499,777$1.66M0.1%+499,777NewHistory
DRIDarden Restaurants IncCOM8,978$1.77M0.1%+8,978NewHistory
LENLennar CorpCL A20,580$1.79M0.1%+20,580NewHistory
BOOTBoot Barn Holdings, Inc.COM12,935$1.90M0.1%+12,935NewHistory
BLDQXO Insulation, LLCStock5,478$1.93M0.1%+5,478NewHistory
DDSDillard's, Inc.CL A3,433$1.97M0.1%+3,433NewHistory
PAGSPagSeguro Digital Ltd.COM CL A199,225$2.00M0.1%+199,225NewHistory
DGDollar General CorpCOM16,840$2.01M0.1%+16,840NewHistory
EXPEagle Materials IncCOM10,661$2.03M0.1%+10,661NewHistory
JPMJPMorgan Chase & CoStock7,000$2.07M0.1%00.0%UnchangedHistory
TSCOTractor Supply CoCOM46,191$2.10M0.1%+46,191NewHistory
ASOAcademy Sports & Outdoors, Inc.COM38,700$2.19M0.1%+38,700NewHistory
WRBYWarby Parker Inc.CL A COM104,274$2.20M0.1%+104,274NewHistory
DPZDominos Pizza IncCOM6,153$2.21M0.1%+6,153NewHistory
MUSAMurphy USA Inc.COM4,522$2.24M0.1%+4,522NewHistory
AWIArmstrong World Industries IncCOM13,615$2.25M0.1%+13,615NewHistory
FBINFortune Brands Innovations, Inc.COM58,029$2.27M0.1%+58,029NewHistory
CVXChevron CorpStock11,000$2.28M0.1%00.0%UnchangedHistory
WWayfair Inc.CL A31,465$2.37M0.1%+31,465NewHistory
DAVEDave Inc.CLASS A COM NEW13,841$2.42M0.1%+13,841NewHistory
TTDTrade Desk, Inc.Stock108,421$2.47M0.1%+108,421NewHistory
BCCBoise Cascade CoCOM32,680$2.49M0.1%+32,680NewHistory
SITESiteOne Landscape Supply, Inc.COM18,718$2.50M0.1%+18,718NewHistory
RRRRed Rock Resorts, Inc.CL A47,257$2.53M0.1%+47,257NewHistory
SGHCSuper Group (SGHC) LtdORD SHS248,002$2.69M0.1%+248,002NewHistory
VVVValvoline IncCOM80,326$2.71M0.1%+80,326NewHistory
IVZInvesco Ltd.Stock112,202$2.73M0.1%+112,202NewHistory
APTVAptiv PLCStock39,310$2.74M0.1%+618+1.6%AddedHistory
INDVIndivior Pharmaceuticals, Inc.COM90,247$2.76M0.1%+90,247NewHistory
BYDBoyd Gaming CorpCOM33,481$2.76M0.1%+33,481NewHistory
ADPAutomatic Data Processing IncStock13,546$2.76M0.1%+13,546NewHistory
URBNUrban Outfitters IncCOM43,543$2.77M0.1%+43,543NewHistory
ANFAbercrombie & Fitch CoCL A30,270$2.77M0.1%+30,270NewHistory
PCTYPaylocity Holding CorpCOM25,914$2.81M0.1%+25,914NewHistory
SFMSprouts Farmers Market, Inc.COM36,695$2.84M0.1%+36,695NewHistory
CENXCentury Aluminum CoCOM49,850$2.93M0.1%+25,999+109.0%AddedHistory
HRMYHarmony Biosciences Holdings, Inc.COM104,658$2.94M0.1%+63,665+155.3%AddedHistory
EATBrinker International, IncStock20,676$2.96M0.1%+20,676NewHistory
TGTTarget CorpStock24,408$2.97M0.1%−10,048−29.2%ReducedHistory
FSLRFirst Solar, Inc.Stock15,099$2.99M0.1%+15,099NewHistory
CHHChoice Hotels International IncCOM29,389$3.05M0.1%+29,389NewHistory
LTHLife Time Group Holdings, Inc.COMMON STOCK115,235$3.11M0.1%−5,932−4.9%ReducedHistory
CNMCore & Main, Inc.CL A62,938$3.12M0.1%+62,938NewHistory
Osisko Development Corp68828E809COM NEW957,579$3.12M0.1%+202,780+26.9%Added–
BUDAnheuser-Busch InBev SA/NVADR45,000$3.13M0.1%00.0%UnchangedHistory
KMXCarMax IncCOM75,625$3.15M0.1%−6,579−8.0%ReducedHistory
SKYWSkywest IncCOM35,030$3.23M0.1%+4,992+16.6%AddedHistory
BNBROOKFIELD CorpCL A LTD VT SH84,750$3.44M0.1%00.0%UnchangedHistory
BENFranklin Templeton IncCOM146,037$3.46M0.1%+146,037NewHistory
VIRTVirtu Financial, Inc.CL A81,146$3.58M0.1%−68,561−45.8%ReducedHistory
ASHAshland Inc.COM64,533$3.60M0.1%+64,533NewHistory
APAMArtisan Partners Asset Management Inc.CL A98,783$3.61M0.1%+98,783NewHistory
ESIElement Solutions IncCOM105,820$3.62M0.1%+105,820NewHistory
PBIPitney Bowes IncCOM328,645$3.64M0.1%−94,829−22.4%ReducedHistory
JHGJanus Henderson Group Ltd.ORD SHS72,374$3.73M0.2%−67,339−48.2%ReducedHistory
GTXGarrett Motion Inc.Stock205,949$3.75M0.2%+19,710+10.6%AddedHistory
SFLSFL Corp Ltd.SHS350,080$3.79M0.2%+350,080NewHistory
SSNCSS&C Technologies Holdings IncCOM58,535$3.97M0.2%+58,535NewHistory
DORMDorman Products, Inc.COM38,011$3.98M0.2%+17,764+87.7%AddedHistory
INTUIntuit Inc.Stock9,271$4.02M0.2%+9,271NewHistory
DDDuPont de Nemours, Inc.COM88,140$4.05M0.2%+88,140NewHistory
GGenpact LTDSHS109,092$4.08M0.2%+109,092NewHistory
GMGeneral Motors CoCOM54,616$4.08M0.2%+9,922+22.2%AddedHistory
CRMSalesforce, Inc.Stock21,898$4.10M0.2%+21,898NewHistory
DOXAmdocs LtdSHS62,880$4.12M0.2%+62,880NewHistory
INFYInfosys LtdSPONSORED ADR304,957$4.13M0.2%+304,957NewHistory
SAICScience Applications International CorpCOM43,455$4.14M0.2%−14,209−24.6%ReducedHistory
FROFrontline plcCOM119,152$4.17M0.2%+119,152NewHistory
ACNAccenture plcStock20,983$4.17M0.2%+20,983NewHistory
EMNEastman Chemical CoStock54,740$4.19M0.2%+54,740NewHistory
DTDynatrace, Inc.Stock113,055$4.19M0.2%+113,055NewHistory
ITGartner IncCOM26,408$4.19M0.2%+26,408NewHistory
LINLinde PLCStock8,560$4.26M0.2%+8,560NewHistory
CTSHCognizant Technology Solutions CorpCL A69,284$4.26M0.2%+69,284NewHistory
FTNTFortinet, Inc.Stock52,456$4.30M0.2%+52,456NewHistory
SMPLSimply Good Foods CoCOM299,062$4.30M0.2%+299,062NewHistory
FLNGFlex LNG Ltd.SHS144,610$4.31M0.2%+144,610NewHistory
BRK.BBerkshire Hathaway IncStock9,000$4.33M0.2%00.0%UnchangedHistory
INCYIncyte CorpCOM47,368$4.47M0.2%+22,026+86.9%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