Ruffer
Ruffer reported 187 stocks worth $2.8B in its 13F filing for Q2 2026, filed Jul 30, 2026. Its largest holdings are AMZN (7.0%), MSFT (6.0%) and BABA (4.3%). Compared with Q1 2026, the fund opened new positions in NTES, YMM and TCOM, added to AMZN, MSFT and BABA, trimmed SW, BAC and COIN and sold out of UHAL.B, KGS and NFG.
Holdings
| # | Stock | Value | Weight | Shares | Change | Shares, 8 qtrs | Held |
|---|---|---|---|---|---|---|---|
| 1 |  AMZN Amazon Com Inc | $197M | 7.0% | 829K | +268K (+48%) | 8 of 8 | |
| 2 |  MSFT Microsoft Corp | $169M | 6.0% | 455K | +141K (+45%) | 2 of 8 | |
| 3 |  BABA Alibaba Group Hldg Ltd F | $121M | 4.3% | 1.3M | +94K (+8%) | 8 of 8 | |
| 4 |  SW Smurfit Westrock PLC | $113M | 4.0% | 2.4M | −347K (−12%) | 7 of 8 | |
| 5 |  BAC Bank of America Corp | $74.2M | 2.6% | 1.3M | −12K (−1%) | 8 of 8 | |
| 6 |  FND FLOOR & DECOR HLDGS INC | $73.3M | 2.6% | 1.2M | +135K (+12%) | 3 of 8 | |
| 7 |  COIN Coinbase Global Inc | $72.9M | 2.6% | 499K | −937K (−65%) | 3 of 8 | |
| 8 |  NTES Netease Inc | $62.5M | 2.2% | 488K | New position | 1 of 8 | |
| 9 |  SLB Slb Limited | $62.3M | 2.2% | 1.3M | −201K (−13%) | 3 of 8 | |
| 10 |  BP BP P L C F | $60M | 2.1% | 1.6M | −473K (−23%) | 8 of 8 |
Positions at Jun 30, 2026, as reported. Change is against the fund's Q1 2026 filing; weight is the share of the fund's reported stocks.
Sold out
held in Q1 2026, gone in Q2 2026| Stock | Value last quarter | Shares sold |
|---|---|---|
 UHAL.B U Haul Holding Company | $13.4M | 299K |
 KGS Kodiak Gas Svcs Inc | $8.6M | 148K |
 NFG National Fuel Gas Co | $7.8M | 82K |
 LYB Lyondellbasell Industries N | $6.3M | 78K |
 CSX Csx Corp | $6.1M | 148K |
🔒 Free account: see all 30.
Reported value
last 8 quartersThe value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.
Filings for Q2 2026
straight from the SEC| Filed | Form | Quarter | |
|---|---|---|---|
| Jul 30, 2026 | 13F-HR | Q2 2026 | SEC filing ↗ |
Other superinvestors
All hedge fund holdings →Ruffer 13F FAQ
What does Ruffer own?
Ruffer reported 187 stocks worth $2.8B in its 13F filing for Q2 2026, filed Jul 30, 2026. Its largest holdings are AMZN (7.0%), MSFT (6.0%) and BABA (4.3%). The table above lists every position in the filing (the top 10 without an account).
What did Ruffer buy and sell in Q2 2026?
Compared with Q1 2026: 42 new positions, 66 added to, 70 trimmed and 31 sold out. New positions include NTES, YMM and TCOM. It sold all of UHAL.B, KGS and NFG.
When will Ruffer file its next 13F?
Holdings as of Sep 30, 2026 are due by Nov 16, 2026. The filing appears on this page within minutes of reaching the SEC.
How much is Ruffer's portfolio worth?
The Q2 2026 filing reports $2.8B in US stocks. That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.