Ruffer LLP 13F, Q2 2026
Ruffer LLP · quarter ending 30 June 2026 · filed 30 July 2026 · SEC CIK 1426859
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q2 2026
The 25 largest of 187 positions. Weights are against the whole filed book. Changes are in shares held, against the Q1 2026 filing.
| Company | Ticker | Value | % of book | vs Q1 2026 |
|---|---|---|---|---|
| AMAZON COM INC | AMZN | $197.39M | 7.0% | +48% shares |
| MICROSOFT CORP | MSFT | $169.49M | 6.0% | +45% shares |
| ALIBABA GROUP HLDG LTD | BABA | $121.29M | 4.3% | +8% shares |
| SMURFIT WESTROCK PLC | $112.70M | 4.0% | -13% shares | |
| BANK AMERICA CORP | BAC | $74.23M | 2.6% | unchanged |
| FLOOR & DECOR HLDGS INC | FND | $73.26M | 2.6% | +12% shares |
| COINBASE GLOBAL INC | COIN | $72.87M | 2.6% | -65% shares |
| NETEASE COM INC | NTES | $62.45M | 2.2% | new |
| SLB LIMITED | SLB | $62.30M | 2.2% | -13% shares |
| BP PLC | BP | $59.98M | 2.1% | -23% shares |
| SOLVENTUM CORP | SOLV | $59.84M | 2.1% | -10% shares |
| SUNCOR ENERGY INC NEW | SU | $54.24M | 1.9% | unchanged |
| LAMAR ADVERTISING CO NEW | LAMR | $52.70M | 1.9% | unchanged |
| BROWN FORMAN CORP | BF/B | $51.43M | 1.8% | -29% shares |
| FULL TRUCK ALLIANCE CO LTD | YMM | $46.43M | 1.6% | new |
| EQUINOX GOLD CORP | EQX | $46.05M | 1.6% | +15% shares |
| EXXON MOBIL CORP | XOM | $42.91M | 1.5% | -2% shares |
| TRIP COM GROUP LTD | TCOM | $42.78M | 1.5% | new |
| JD.COM INC | JD | $39.12M | 1.4% | new |
| BOOKING HOLDINGS INC | BKNG | $38.46M | 1.4% | +3414% shares |
| EXPAND ENERGY CORPORATION | EXE | $38.31M | 1.4% | new |
| S&P GLOBAL INC | SPGI | $38.14M | 1.4% | new |
| UNION PAC CORP | UNP | $38.04M | 1.4% | -17% shares |
| TOTALENERGIES SE | $36.90M | 1.3% | new | |
| BERKSHIRE HATHAWAY INC DEL | BRK/B | $36.48M | 1.3% | +711% shares |
What changed since Q1 2026
Against the Q1 2026 filing, Ruffer LLP opened 42 new positions, added to 62, trimmed 64, left 19 unchanged and exited 31. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
and 34 more
Exited
- UHAL/Bwas $13.40M
- KGSwas $8.65M
- NFGwas $7.76M
- LYONDELLBASELL INDUSTRIES NVwas $6.29M
- CSXwas $6.10M
- EXELwas $5.07M
- FLEX LNG LTDwas $4.31M
- SMPLwas $4.30M
and 23 more
Other quarters
Source: SEC Form 13F-HR, accession 0001426859-26-000008, filed by Ruffer LLP. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.