Ruffer LLP reported 180 positions worth $2.75B for the quarter ended Jun 30, 2026, up 13.4% on the prior quarter. It opened 39 new positions, added to 63, trimmed 71 and exited 28. Its largest holding is Amazon Com Inc at 7.2% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Trade Value | Weight |
|---|---|---|---|
| AMZN Amazon Com Inc | +267.6K +47.7% | $63.71M | 7.17% |
| NTES NetEase, Inc. | +487.9K | $62.45M | 2.27% |
| MSFT Microsoft Corp | +141.4K +45.1% | $52.70M | 6.15% |
| YMM Full Truck Alliance Co. Ltd. | +5.72M | $46.43M | 1.69% |
| TCOM Trip.com Group Ltd | +1.08M | $42.78M | 1.55% |
| JD JD.com, Inc. | +1.54M | $39.12M | 1.42% |
| SPGI S&P Global Inc. | +93.8K | $38.14M | 1.38% |
| TTE TotalEnergies SE | +474.9K | $36.90M | 1.34% |
| SCHW Schwab Charles Corp | +358.4K | $33.04M | 1.2% |
| BRK-B Berkshire Hathaway Inc | +64.0K +711.0% | $31.98M | 1.32% |
| Holding | Change | Trade Value | Weight |
|---|---|---|---|
| COIN Coinbase Global, Inc. | -937.0K -65.3% | $136.83M | 2.65% |
| GE General Electric Co | -75.6K -64.1% | $28.24M | 0.575% |
| BF-B Brown Forman Corp | -799.9K -29.3% | $21.29M | 1.87% |
| BP Bp Plc | -473.1K -22.5% | $17.46M | 2.18% |
| SW Smurfit Westrock plc | -347.3K -12.5% | $16.05M | 4.09% |
| MHK Mohawk Industries Inc | -128.1K -88.8% | $15.52M | 0.071% |
| UHAL-B U-Haul Holding Co | -299.1K -100.0% | $13.40M | Exited |
| SLB Slb Limited | -200.6K -13.0% | $9.31M | 2.26% |
| SNX Td Synnex Corp | -33.3K -86.2% | $8.90M | 0.052% |
| KGS Kodiak Gas Services, Inc. | -147.9K -100.0% | $8.65M | Exited |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| NTES NetEase, Inc. | +487.9K | $62.45M | 2.27% |
| YMM Full Truck Alliance Co. Ltd. | +5.72M | $46.43M | 1.69% |
| TCOM Trip.com Group Ltd | +1.08M | $42.78M | 1.55% |
| JD JD.com, Inc. | +1.54M | $39.12M | 1.42% |
| SPGI S&P Global Inc. | +93.8K | $38.14M | 1.38% |
| TTE TotalEnergies SE | +474.9K | $36.90M | 1.34% |
| SCHW Schwab Charles Corp | +358.4K | $33.04M | 1.2% |
| ABNB Airbnb, Inc. | +139.9K | $19.99M | 0.726% |
| FLR Fluor Corp | +375.6K | $19.66M | 0.714% |
| WSE Wise Group plc | +1.42M | $16.96M | 0.616% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| UHAL-B U-Haul Holding Co | -299.1K | $13.40M | 0.552% |
| KGS Kodiak Gas Services, Inc. | -147.9K | $8.65M | 0.356% |
| NFG National Fuel Gas Co | -82.4K | $7.76M | 0.319% |
| LYB LyondellBasell Industries N.V. | -77.9K | $6.29M | 0.259% |
| CSX Csx Corp | -148.2K | $6.10M | 0.251% |
| EXEL Exelixis, Inc. | -117.9K | $5.07M | 0.209% |
| FLNG Flex LNG Ltd. | -144.6K | $4.31M | 0.177% |
| SMPL Simply Good Foods Co | -299.1K | $4.30M | 0.177% |
| LIN Linde Plc | -8,560 | $4.26M | 0.175% |
| GM General Motors Co | -54.6K | $4.08M | 0.168% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | AMZN Amazon Com Inc | Consumer Discretionary | 829.1K | $197.39M | 7.17% | +267.6K | +47.7% | Added | 0.01% |
| 2 | MSFT Microsoft Corp | Technology | 454.9K | $169.49M | 6.15% | +141.4K | +45.1% | Added | 0.01% |
| 3 | BABA Alibaba Group Holding Ltd | Technology | 1.27M | $121.29M | 4.4% | +93.8K | +8.0% | Added | 0.05% |
| 4 | SW Smurfit Westrock plc | Basic Materials | 2.44M | $112.70M | 4.09% | -347.3K | -12.5% | Reduced | 0.46% |
| 5 | BAC Bank Of America Corp | Financial Services | 1.30M | $74.23M | 2.69% | -11.7K | -0.9% | Reduced | 0.02% |
| 6 | FND Floor & Decor Holdings, Inc. | Consumer Discretionary | 1.24M | $73.26M | 2.66% | +134.8K | +12.2% | Added | 1.15% |
| 7 | COIN Coinbase Global, Inc. | Technology | 499.0K | $72.87M | 2.65% | -937.0K | -65.3% | Reduced | 0.19% |
| 8 | NTES NetEase, Inc. | Technology | 487.9K | $62.45M | 2.27% | +487.9K | – | New | 0.08% |
| 9 | SLB Slb Limited | Energy | 1.34M | $62.30M | 2.26% | -200.6K | -13.0% | Reduced | 0.09% |
| 10 | BP Bp Plc | Energy | 1.62M | $59.98M | 2.18% | -473.1K | -22.5% | Reduced | 0.05% |
| 11 | SOLV Solventum Corp | Healthcare | 776.5K | $59.84M | 2.17% | -83.5K | -9.7% | Reduced | 0.45% |
| 12 | SU Suncor Energy Inc | Energy | 1.01M | $54.24M | 1.97% | +5,684 | +0.6% | Added | 0.08% |
| 13 | LAMR Lamar Advertising Co | Real Estate | 338.2K | $52.70M | 1.91% | -283 | -0.1% | Reduced | 0.39% |
| 14 | BF-B Brown Forman Corp | Consumer Staples | 1.93M | $51.43M | 1.87% | -799.9K | -29.3% | Reduced | 0.41% |
| 15 | YMM Full Truck Alliance Co. Ltd. | Technology | 5.72M | $46.43M | 1.69% | +5.72M | – | New | 0.55% |
Tip. Select a row to see that position’s full history at Ruffer LLP.
As of its Q2 2026 13F filing, Ruffer LLP’s five largest positions were Amazon Com Inc (AMZN) at 7.2%, Microsoft Corp (MSFT) at 6.2%, Alibaba Group Holding Ltd (BABA) at 4.4%, Smurfit Westrock plc (SW) at 4.1%, Bank Of America Corp (BAC) at 2.7% of the reported portfolio.
Ruffer LLP reported a 13F portfolio worth $2.75B across 180 positions for Q2 2026. That is up 13.4% from the previous quarter.
Its largest purchases by value were Amazon Com Inc ($63.71M), NetEase, Inc. ($62.45M), Microsoft Corp ($52.70M). It opened 39 new positions.
Its largest sales by value were Coinbase Global, Inc. ($136.83M), General Electric Co ($28.24M), Brown Forman Corp ($21.29M). It exited 28 positions entirely.
From the Form 13F-HR reports Ruffer LLP files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.