Ruffer LLP
Hedge FundCIKLocation
Long U.S. equity positions disclosed to the SEC on Form 13F-HR.
Latest filingQ2 2026Quarter ended30 Jun 2026Filed30 Jul 2026
Firm profile · Form ADV
SEC adviser registrationRuffer LLP is an independent investment manager that provides discretionary investment management services and manages various investment vehicles, limiting its advice to the Ruffer strategy. The firm manages client portfolios under a single global, macro-driven, absolute return strategy aimed at not losing money in any rolling 12-month period and growing funds at a higher rate than cash deposits. Portfolios have no asset allocation constraints and typically hold a multi-asset mix of equities, bonds, Ruffer-managed and third-party funds, commodities exposure, foreign currencies, and derivatives.Summarised from the firm’s Form ADV Part 2A brochure.
Portfolio Turnover
25%
Of book traded, QoQ
Positions
187
Long U.S. equities
Top 10 Concentration
36%
Of reported value
QoQ Change
$384.0M
Value change
Assets under management
Form ADV RAUM · client mix · 13F over timeRegulatory AUM
$24.9B
Form ADV, as of Jun 2026
● 100% discretionary ($24.9B)
By client type
13F AUM over time
$2.8B
Q2 ’26 · 13F AUM
▲ 18%
42 quarters
Loading position history…
| Security⇅ | Shares⇅ | Market Value▼ | Est. Cost⇅ | Last Px⇅ | Est. Return⇅ | % Portfolio⇅ | Δ Shares⇅ | Action⇅ |
|---|---|---|---|---|---|---|---|---|
| 829KSH | $197.4M | ~$238.07 | $262.45 | ▲10.2% | 7.0% | ▲ 47.7% | Added | |
| 455KSH | $169.5M | ~$372.60 | $533.52 | ▲43.2% | 6.0% | ▲ 45.1% | Added | |
| 1.27MSH | $121.3M | ~$95.88 | $108.57 | ▲13.2% | 4.3% | ▲ 8.0% | Added | |
| 2.44MSH | $112.7M | ~$46.21 | — | — | 4.0% | ▼ 12.5% | Reduced | |
| 1.30MSH | $74.2M | ~$56.92 | $50.39 | ▼11.5% | 2.6% | ▼ 0.9% | Reduced | |
| 1.24MSH | $73.3M | ~$59.29 | $43.99 | ▼25.8% | 2.6% | ▲ 12.2% | Added | |
| 499KSH | $72.9M | ~$146.03 | $168.45 | ▲15.4% | 2.6% | ▼ 65.3% | Reduced | |
| 488KSH | $62.5M | ~$128.00 | $125.25 | ▼2.1% | 2.2% | New | New | |
| 1.34MSH | $62.3M | ~$46.44 | $49.09 | ▲5.7% | 2.2% | ▼ 13.0% | Reduced | |
| 1.62MSH | $60.0M | ~$36.91 | $49.44 | ▲33.9% | 2.1% | ▼ 22.5% | Reduced |
AMZNAdded
$197.4M· 7.0%· 829K SH· ▲ 47.7%· cost $238.07· last $262.45· ▲10.2%
MSFTAdded
$169.5M· 6.0%· 455K SH· ▲ 45.1%· cost $372.60· last $533.52· ▲43.2%
BABAAdded
$121.3M· 4.3%· 1.27M SH· ▲ 8.0%· cost $95.88· last $108.57· ▲13.2%
Reduced
$112.7M· 4.0%· 2.44M SH· ▼ 12.5%· cost $46.21
BACReduced
$74.2M· 2.6%· 1.30M SH· ▼ 0.9%· cost $56.92· last $50.39· ▼11.5%
FNDAdded
$73.3M· 2.6%· 1.24M SH· ▲ 12.2%· cost $59.29· last $43.99· ▼25.8%
COINReduced
$72.9M· 2.6%· 499K SH· ▼ 65.3%· cost $146.03· last $168.45· ▲15.4%
NTESNew
$62.5M· 2.2%· 488K SH· New· cost $128.00· last $125.25· ▼2.1%
SLBReduced
$62.3M· 2.2%· 1.34M SH· ▼ 13.0%· cost $46.44· last $49.09· ▲5.7%
BPReduced
$60.0M· 2.1%· 1.62M SH· ▼ 22.5%· cost $36.91· last $49.44· ▲33.9%
1–10 of 187
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Sector Breakdown
Q2 2026Consumer Discretionary22.7% · $642.3M
Unclassified12.7% · $359.7M
Materials11.6% · $328.0M
Energy11.4% · $321.5M
Information Technology11.3% · $320.8M
Financials11.3% · $319.2M
Industrials5.0% · $140.7M
Other14.0% · $396.1M