Latest Ruffer LLP Stock Portfolio

Ruffer LLP Performance:

2025 Q4: 5.59%YTD: 40.96%2024: 4.62%

Performance for 2025 Q4 is 5.59%, and YTD is 40.96%, and 2024 is 4.62%.

About Ruffer LLP and 13F Hedge Fund Stock Holdings

Ruffer LLP is a hedge fund based in United Kingdom. On 2026-01-28, the fund reported it's updated stock portfolio. In the 13F Holdings report, Ruffer LLP reported an equity portfolio of $2.2 Billions as of 31 Dec, 2025.

The top stock holdings of Ruffer LLP are , COIN, AMZN. The fund has invested 7.9% of it's portfolio in SMURFIT WESTROCK PLC and 7.6% of portfolio in COINBASE GLOBAL INC.

The fund managers got completely rid off FIRST SOLAR INC (FSLR), MERCK & CO INC (MRK) and UNITED THERAPEUTICS CORP DEL (UTHR) stocks. They significantly reduced their stock positions in GILEAD SCIENCES INC (GILD), PERMIAN RESOURCES CORP (PR) and TAIWAN SEMICONDUCTOR MFG LTD (TSM). Ruffer LLP opened new stock positions in COINBASE GLOBAL INC (COIN), DISNEY WALT CO (DIS) and FLOOR & DECOR HLDGS INC (FND). The fund showed a lot of confidence in some stocks as they added substantially to SMURFIT WESTROCK PLC, BEST BUY INC (BBY) and U HAUL HOLDING COMPANY (UHAL).

Ruffer LLP Annual Return Estimates Vs S&P 500

Our best estimate is that Ruffer LLP made a return of 5.59% in the last quarter. In trailing 12 months, it's portfolio return was 40.96%.

Performance
S&P 500

New Buys

Ticker	$ Bought
coinbase global inc	166,515,000
disney walt co	64,678,100
floor & decor hldgs inc	47,230,700
schlumberger ltd	44,072,500
union pac corp	30,913,200
lamar advertising co new	30,402,000
nomad foods ltd	26,823,100
vista energy s.a.b. de c.v.	19,226,800

New stocks bought by Ruffer LLP

Additions

Ticker	% Inc.
smurfit westrock plc	473
best buy inc	376
solventum corp	196
u haul holding company	109
philip morris intl inc	99.1
oshkosh corp	57.87
cal maine foods inc	52.83
brookfield corp	50.00

Additions to existing portfolio by Ruffer LLP

Reductions

Ticker	% Reduced
gilead sciences inc	-96.21
permian resources corp	-92.8
taiwan semiconductor mfg ltd	-84.75
alphabet inc	-82.63
newmont corp	-81.36
cooper cos inc	-76.84
m & t bk corp	-64.41
barrick mng corp	-63.86

Ruffer LLP reduced stake in above stock

Sold off

Ticker	$ Sold
allied gold corp	-8,720,590
shoals technologies group in	-2,735,190
merck & co inc	-30,957,000
noble corp plc	-8,185,340
cheesecake factory inc	-14,512,300
ryanair holdings plc	-15,638,100
hewlett packard enterprise c	-4,040,750
first solar inc	-34,634,200

Ruffer LLP got rid off the above stocks

Sector Distribution

Ruffer LLP has about 43% of it's holdings in Others sector.

Sector	%
Others	43
Financial Services	17
Consumer Cyclical	12.9
Industrials	5.2
Energy	4.1
Real Estate	3.9
Healthcare	3.9
Communication Services	3.4
Basic Materials	3.2
Consumer Defensive	2
Technology	1.4

Market Cap. Distribution

Ruffer LLP has about 45.5% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	43
LARGE-CAP	32.3
MEGA-CAP	13.2
MID-CAP	10
SMALL-CAP	1.2

Stocks belong to which Index?

About 38.1% of the stocks held by Ruffer LLP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	61.9
S&P 500	33.1
RUSSELL 2000	5

Top 5 Winners (%)		%
MU	micron technology inc	56.9 %
	aris mng corp	54.2 %
	integra res corp	37.3 %
	pan amern silver corp	28.4 %
	centerra gold inc	26.9 %

Top 5 Winners ($)		$
	aris mng corp	21.8 M
	equinox gold corp	20.7 M
	centerra gold inc	17.0 M
	barrick mng corp	13.3 M
COO	cooper cos inc	11.2 M

Top 5 Losers (%)		%
	brookfield corp	-29.1 %
	endava plc	-22.8 %
DORM	dorman prods inc	-19.9 %
BABA	alibaba group hldg ltd	-16.4 %
CALM	cal maine foods inc	-13.0 %

Top 5 Losers ($)		$
BABA	alibaba group hldg ltd	-13.8 M
	smurfit westrock plc	-10.2 M
EXR	extra space storage inc	-3.8 M
	brookfield corp	-1.6 M
UHAL	u haul holding company	-0.9 M

Ruffer LLP Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Ruffer LLP

Ruffer LLP has 154 stocks in it's portfolio. About 45.1% of the portfolio is in top 10 stocks. BABA proved to be the most loss making stock for the portfolio. was the most profitable stock for Ruffer LLP last quarter.

Last Reported on: 28 Jan, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AA	alcoa corp	0.64	265,910	14,152,500	new

ABR	arbor realty trust inc	0.00	13,677	106,299	new

ACI	albertsons cos inc	0.15	195,920	3,369,200	new

ACWF	ishares tr	0.21	131,000	4,537,050	new

AGNC	agnc invt corp	0.02	46,517	499,441	new

ALIT	alight inc	0.15	1,710,400	3,338,900	new

AMZN	amazon com inc	7.07	671,466	155,230,000	reduced	-0.2

APAM	artisan partners asset mgmt	0.00	0.00	0.00	sold off	-100

ARCO	arcos dorados holdings inc	0.04	127,142	934,679	unchanged	0.00

ARW	arrow electrs inc	0.00	0.00	0.00	sold off	-100

ASB	associated banc corp	0.14	121,477	3,134,020	new

ATKR	atkore inc	0.00	0.00	0.00	sold off	-100

AUB	atlantic un bankshares corp	0.14	84,181	2,976,070	new

BABA	alibaba group hldg ltd	3.21	481,064	70,623,700	added	24.99

BAC	bank america corp	4.18	1,668,030	91,884,400	reduced	-10.88

BBWI	bath & body works inc	0.16	170,505	3,428,930	new

BBY	best buy inc	0.18	57,606	3,861,550	added	376

BHLB	berkshire hills bancorp inc	0.16	130,048	3,434,480	new

BMY	bristol-myers squibb co	0.00	0.00	0.00	sold off	-100

BNO	united sts brent oil fd lp	0.14	106,450	3,019,370	new