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Livermore
Livermore
ZHEN

Ruffer LLP

SEC CIK
0001426859
Latest filing
Jul 30, 2026

Holdings in Q2 2026

Holdings as of Jun 30, 2026, filed Jul 30, 2026. Long positions only; changes compare share counts with Q1 2026.

Institution overview
Positions
187
+11 vs. Q1 2026
Portfolio value
$2.83B
+$384.0M (+15.7%) vs. Q1 2026
Filed
Jul 30, 2026
SEC
Holdings of Ruffer LLP in Q2 2026
SecurityClassSharesValue% of portfolioShare changeActionHistory
AMZNAmazon Com IncStock829,118$197.4M7.0%+267,591+47.7%AddedHistory
MSFTMicrosoft CorpStock454,873$169.5M6.0%+141,427+45.1%AddedHistory
BABAAlibaba Group Holding LtdADR1,265,069$121.3M4.3%+93,840+8.0%AddedHistory
SWSmurfit Westrock plcStock2,438,889$112.7M4.0%−347,308−12.5%ReducedHistory
BACBank of America CorpStock1,304,202$74.2M2.6%−11,658−0.9%ReducedHistory
FNDFloor & Decor Holdings, Inc.CL A1,235,490$73.3M2.6%+134,765+12.2%AddedHistory
COINCoinbase Global, Inc.COM CL A499,000$72.9M2.6%−936,990−65.3%ReducedHistory
NTESNetEase, Inc.SPONSORED ADS487,913$62.5M2.2%+487,913NewHistory
SLBSLB LimitedStock1,341,534$62.3M2.2%−200,552−13.0%ReducedHistory
BPBP PLCADR1,624,940$60.0M2.1%−473,066−22.5%ReducedHistory
SOLVSolventum CorpStock776,468$59.8M2.1%−83,525−9.7%ReducedHistory
SUSuncor Energy IncStock1,009,746$54.2M1.9%+5,684+0.6%AddedHistory
LAMRLamar Advertising CoREIT338,207$52.7M1.9%−283−0.1%ReducedHistory
BF.BBrown Forman CorpStock1,931,956$51.4M1.8%−799,920−29.3%ReducedHistory
YMMFull Truck Alliance Co. Ltd.SPONSORED ADS5,724,180$46.4M1.6%+5,724,180NewHistory
EQXEquinox Gold Corp.COM4,736,428$46.0M1.6%+609,593+14.8%AddedHistory
XOMExxonMobil Holdings CorpCOM314,224$42.9M1.5%−7,482−2.3%ReducedHistory
TCOMTrip.com Group LtdADS1,075,096$42.8M1.5%+1,075,096NewHistory
JDJD.com, Inc.SPON ADS CL A1,537,181$39.1M1.4%+1,537,181NewHistory
BKNGBooking Holdings Inc.Stock215,996$38.5M1.4%+62,321+40.6%AddedConverted for a 25-for-1 splitHistory
EXEExpand Energy CorpCOM420,557$38.3M1.4%+420,557NewHistory
SPGIS&P Global Inc.Stock93,768$38.1M1.3%+93,768NewHistory
UNPUnion Pacific CorpStock140,019$38.0M1.3%−29,237−17.3%ReducedHistory
TTETotalEnergies SEACT474,930$36.9M1.3%+474,930NewHistory
BRK.BBerkshire Hathaway IncStock72,990$36.5M1.3%+63,990+711.0%AddedHistory
PNCPNC Financial Services Group, Inc.Stock145,485$35.8M1.3%−1,910−1.3%ReducedHistory
CPCanadian Pacific Kansas City LtdCOM386,182$33.4M1.2%+11,640+3.1%AddedHistory
SCHWSchwab Charles CorpStock358,432$33.0M1.2%+358,432NewHistory
VISTVista Energy, S.A.B. de C.V.SPONSORED ADS518,201$33.0M1.2%−14,719−2.8%ReducedHistory
SIGSignet Jewelers LtdSHS360,278$31.0M1.1%+132,643+58.3%AddedHistory
EXPEagle Materials IncCOM131,978$29.7M1.0%+121,317+1,138.0%AddedHistory
PFEPfizer IncStock1,126,006$27.1M1.0%−23,747−2.1%ReducedHistory
WBDWarner Bros. Discovery, Inc.Stock920,507$24.5M0.9%+359,418+64.1%AddedHistory
GAUGaliano Gold Inc.COM12,994,532$24.2M0.9%−230,000−1.7%ReducedHistory
ARISAris Mining CorpCOM1,605,529$23.9M0.8%−267,004−14.3%ReducedHistory
EGOEldorado Gold CorpCOM674,029$20.9M0.7%−225,329−25.1%ReducedHistory
KGCKinross Gold CorpCOM874,179$20.6M0.7%+541,739+163.0%AddedHistory
DISWalt Disney CoStock211,815$20.4M0.7%+150,535+245.7%AddedHistory
ABNBAirbnb, Inc.Stock139,870$20.0M0.7%+139,870NewHistory
VGVenture Global, Inc.COM CL A1,789,003$19.9M0.7%+1,328,198+288.2%AddedHistory
FLRFluor CorpStock375,643$19.7M0.7%+375,643NewHistory
COOCooper Companies, Inc.COM268,591$19.2M0.7%+52,420+24.2%AddedHistory
CDECoeur Mining, Inc.COM NEW1,168,748$19.1M0.7%+784,716+204.3%AddedHistory
MICCMagnum Ice Cream Co N.V.ORD SHS1,082,605$18.8M0.7%+327,041+43.3%AddedHistory
IFFInternational Flavors & Fragrances IncCOM228,297$18.1M0.6%−63,316−21.7%ReducedHistory
WSEWise Group plcORD SHS CLASS A1,415,047$17.0M0.6%+1,415,047NewHistory
OGCOceanaGold CorpCOM667,801$16.7M0.6%+667,801NewHistory
SSRMSSR Mining Inc.Stock583,120$16.5M0.6%−148,504−20.3%ReducedHistory
ALVAutoliv IncCOM137,005$15.9M0.6%+137,005NewHistory
BBarrick Mining CorpStock431,774$15.8M0.6%−139,651−24.4%ReducedHistory
GEGeneral Electric CoStock42,402$15.8M0.6%−75,640−64.1%ReducedHistory
NEMNEWMONT CorpStock163,583$15.3M0.5%+29,124+21.7%AddedHistory
PMPhilip Morris International Inc.Stock70,063$12.7M0.4%−1,816−2.5%ReducedHistory
PAYCPaycom Software, Inc.Stock87,209$10.9M0.4%+31,985+57.9%AddedHistory
PAYXPaychex IncStock102,561$10.1M0.4%+26,135+34.2%AddedHistory
RRRRed Rock Resorts, Inc.CL A154,858$10.1M0.4%+107,601+227.7%AddedHistory
AEMAgnico Eagle Mines LtdStock63,411$9.83M0.3%+63,411NewHistory
ITRGIntegra Resources Corp.COM4,433,503$9.83M0.3%+448,478+11.3%AddedHistory
DTDynatrace, Inc.Stock211,477$9.28M0.3%+98,422+87.1%AddedHistory
RGLDRoyal Gold IncStock44,600$8.89M0.3%−1,670−3.6%ReducedHistory
AMAntero Midstream CorpStock384,010$8.73M0.3%+33,650+9.6%AddedHistory
CPACopa Holdings, S.A.CL A52,227$8.12M0.3%+8,128+18.4%AddedHistory
FTNTFortinet, Inc.Stock52,054$7.99M0.3%−402−0.8%ReducedHistory
CGAUCenterra Gold Inc.COM504,233$7.98M0.3%−226,583−31.0%ReducedHistory
SKESkeena Resources LtdCommon Stock283,866$7.55M0.3%−115,170−28.9%ReducedHistory
ADMArcher-Daniels-Midland CoStock96,890$7.39M0.3%+96,890NewHistory
INTUIntuit Inc.Stock28,336$7.39M0.3%+19,065+205.6%AddedHistory
MHOM/I Homes, Inc.COM45,809$7.36M0.3%−6,450−12.3%ReducedHistory
DTMDT Midstream, Inc.COMMON STOCK49,640$7.28M0.3%+49,640NewHistory
SSNCSS&C Technologies Holdings IncCOM117,022$7.25M0.3%+58,487+99.9%AddedHistory
CNICanadian National Railway CoStock60,250$7.18M0.3%−2,860−4.5%ReducedHistory
BCEBce IncCOM NEW329,790$7.09M0.3%+49,750+17.8%AddedHistory
DVNDevon Energy CorpStock171,460$7.08M0.3%+171,460NewHistory
PNWPinnacle West Capital CorpCOM65,180$6.97M0.2%+65,180NewHistory
GGenpact LTDSHS252,992$6.95M0.2%+143,900+131.9%AddedHistory
DVDoubleVerify Holdings, Inc.COM623,608$6.75M0.2%+11,591+1.9%AddedHistory
GFIGold Fields LtdSPONSORED ADR200,640$6.73M0.2%+200,640NewHistory
TRPTC Energy CorpCOM99,810$6.60M0.2%−23,230−18.9%ReducedHistory
TNLTravel & Leisure Co.COM83,502$6.38M0.2%+76,006+1,014.0%AddedHistory
Osisko Development Corp68828E809COM NEW2,591,180$6.37M0.2%+1,633,601+170.6%Added–
SOBOSouth Bow CorpCOM179,920$6.33M0.2%+179,920NewHistory
HAPNHappen, Inc.COM NEW298,095$6.18M0.2%+298,095NewHistory
FHIFederated Hermes, Inc.CL B111,652$6.16M0.2%+28,743+34.7%AddedHistory
EMNEastman Chemical CoStock90,960$6.09M0.2%+36,220+66.2%AddedHistory
ITGartner IncCOM46,780$6.06M0.2%+20,372+77.1%AddedHistory
TROWPrice T Rowe Group IncStock52,270$5.94M0.2%−3,986−7.1%ReducedHistory
INCYIncyte CorpCOM52,291$5.92M0.2%+4,923+10.4%AddedHistory
JAZZJazz Pharmaceuticals plcSHS USD24,567$5.91M0.2%+24,567NewHistory
FOXAFox CorpCL A COM112,972$5.89M0.2%+7,404+7.0%AddedHistory
DOXAmdocs LtdSHS116,121$5.86M0.2%+53,241+84.7%AddedHistory
AVTAvnet IncCOM65,939$5.85M0.2%+61,216+1,296.1%AddedHistory
NBIXNeurocrine Biosciences IncStock34,541$5.81M0.2%−1,592−4.4%ReducedHistory
ACNAccenture plcStock46,374$5.76M0.2%+25,391+121.0%AddedHistory
ANIPAni Pharmaceuticals IncCOM69,426$5.74M0.2%+9,235+15.3%AddedHistory
INFYInfosys LtdSPONSORED ADR545,691$5.72M0.2%+240,734+78.9%AddedHistory
STRAStrategic Education, Inc.COM74,454$5.70M0.2%+74,454NewHistory
GENGen Digital Inc.Stock228,498$5.68M0.2%−21,138−8.5%ReducedHistory
SAICScience Applications International CorpCOM50,646$5.59M0.2%+7,191+16.5%AddedHistory
CTSHCognizant Technology Solutions CorpCL A142,641$5.52M0.2%+73,357+105.9%AddedHistory
CNQCanadian Natural Resources LtdCOM136,720$5.40M0.2%+136,720NewHistory

Sold out since Q1 2026 (31)

Positions held at the end of Q1 2026 that are gone from this filing.

Positions of Ruffer LLP sold out since Q1 2026
SecurityClassShares in Q1 2026Value in Q1 2026% of portfolio in Q1 2026History
UHAL.BU-Haul Holding CoCOM SER N299,133$13.4M0.5%History
KGSKodiak Gas Services, Inc.COM147,870$8.65M0.4%History
NFGNational Fuel Gas CoStock82,360$7.76M0.3%History
LYBLyondellBasell Industries N.V.SHS - A -77,910$6.29M0.3%History
CSXCSX CorpStock148,210$6.10M0.2%History
EXELExelixis, Inc.COM117,923$5.07M0.2%History
FLNGFlex LNG Ltd.SHS144,610$4.31M0.2%History
SMPLSimply Good Foods CoCOM299,062$4.30M0.2%History
LINLinde PLCStock8,560$4.26M0.2%History
GMGeneral Motors CoCOM54,616$4.08M0.2%History
DDDuPont de Nemours, Inc.COM88,140$4.05M0.2%History
SFLSFL Corp Ltd.SHS350,080$3.79M0.2%History
GTXGarrett Motion Inc.Stock205,949$3.75M0.2%History
PBIPitney Bowes IncCOM328,645$3.64M0.1%History
ESIElement Solutions IncCOM105,820$3.62M0.1%History
ASHAshland Inc.COM64,533$3.60M0.1%History
VIRTVirtu Financial, Inc.CL A81,146$3.58M0.1%History
HRMYHarmony Biosciences Holdings, Inc.COM104,658$2.94M0.1%History
ANFAbercrombie & Fitch CoCL A30,270$2.77M0.1%History
INDVIndivior Pharmaceuticals, Inc.COM90,247$2.76M0.1%History
VVVValvoline IncCOM80,326$2.71M0.1%History
SGHCSuper Group (SGHC) LtdORD SHS248,002$2.69M0.1%History
WWayfair Inc.CL A31,465$2.37M0.1%History
FBINFortune Brands Innovations, Inc.COM58,029$2.27M0.1%History
MUSAMurphy USA Inc.COM4,522$2.24M0.1%History
TSCOTractor Supply CoCOM46,191$2.10M0.1%History
BLDQXO Insulation, LLCStock5,478$1.93M0.1%History
LENLennar CorpCL A20,580$1.79M0.1%History
SLNOSoleno Therapeutics IncCOM46,673$1.57M0.1%History
HMYHarmony Gold Mining Co LtdADR96,152$1.48M0.1%History
DRHDiamondRock Hospitality CoCOM11,033$103.7K<0.1%History