Fund Holdings

Ruffer LLP

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
MICROSOFT CORP(MSFT)0313,446+313,4460116,361,8874.76%+116,361,887
COINBASE GLOBAL INC(COIN)01,435,990+1,435,9900251,457,76710.29%+251,457,767
ALIBABA GROUP HLDG LTD(BABA)01,171,229+1,171,2290147,367,8556.03%+147,367,855
BROWN FORMAN CORP(BF-A)02,731,876+2,731,876072,435,4762.96%+72,435,476
SLB LIMITED(SLB)01,542,086+1,542,086079,476,7803.25%+79,476,780
BOOKING HOLDINGS INC(BKNG)06,147+6,147025,953,1991.06%+25,953,199
BARRICK GOLD CORP(B)0571,425+571,425023,375,5920.96%+23,375,592
SUNCOR ENERGY INC NEW(SU)01,004,062+1,004,062066,386,1352.72%+66,386,135
SSR MINING IN(SSRM)0731,624+731,624021,571,7290.88%+21,571,729
BP PLC(BP)02,098,006+2,098,006098,890,7744.05%+98,890,774
VISTA ENERGY S.A.B. DE C.V.(VIST)0532,920+532,920040,333,9801.65%+40,333,980
EXXON MOBIL CORP(XOM)0321,706+321,706054,737,2612.24%+54,737,261
WARNER BROS DISCOVERY INC(WBD)0561,089+561,089015,451,3230.63%+15,451,323
CANADIAN PACIFIC KANSAS CITY(CP)0374,542+374,542029,545,9331.21%+29,545,933
MOHAWK INDS INC(MHK)0144,300+144,300014,248,2890.58%+14,248,289
LAMAR ADVERTISING CO NEW(LAMR)0338,490+338,490042,996,6881.76%+42,996,688
UNION PAC CORP(UNP)0169,256+169,256041,183,3921.68%+41,183,392
KINROSS GOLD CORP(KGC)0332,440+332,440010,175,3060.42%+10,175,306
FLOOR & DECOR HLDGS INC(FND)01,100,725+1,100,725056,076,9352.29%+56,076,935
KODIAK GAS SVCS INC(KGS)0147,870+147,87008,648,6290.35%+8,648,629
ANTERO MIDSTREAM CORP(AM)0350,360+350,36008,011,0480.33%+8,011,048
NATIONAL FUEL GAS CO(NFG)082,360+82,36007,760,8020.32%+7,760,802
TC ENERGY CORP(TRP)0123,040+123,04007,698,5420.31%+7,698,542
SOLVENTUM CORP(SOLV)0859,993+859,993056,319,3682.30%+56,319,368
VENTURE GLOBAL INC(VG)0460,805+460,80507,282,9700.30%+7,282,970
BCE INC(BCE)0280,040+280,04007,062,9730.29%+7,062,973
PAYCHEX INC(PAYX)076,426+76,42607,060,3670.29%+7,060,367
CANADIAN NATL RY CO(CNI)063,110+63,11006,492,0710.27%+6,492,071
LYONDELLBASELL INDUSTRIES NV077,910+77,91006,294,4760.26%+6,294,476
CSX CORP(CSX)0148,210+148,21006,101,5520.25%+6,101,552
MAGNUM ICE CREAM CO NV(MICC)0755,564+755,564011,081,1670.45%+11,081,167
INTERNATIONAL FLAVORS&FRAGRA(IFF)0291,613+291,613021,217,6340.87%+21,217,634
ARROW ELECTRS INC033,745+33,74504,853,2730.20%+4,853,273
COMMERCIAL METALS CO(CMC)078,194+78,19404,817,3660.20%+4,817,366
GEN DIGITAL INC(GEN)0249,636+249,63604,713,9780.19%+4,713,978
ANI PHARMACEUTICALS INC(ANIP)060,191+60,19104,642,0260.19%+4,642,026
FLEX LNG LTD(FLNG)0144,610+144,61004,308,7440.18%+4,308,744
SIMPLY GOOD FOODS CO(SMPL)0299,062+299,06204,303,5240.18%+4,303,524
FORTINET INC(FTNT)052,456+52,45604,299,0570.18%+4,299,057
COGNIZANT TECHNOLOGY SOLUTIO(CTSH)069,284+69,28404,262,7190.17%+4,262,719
LINDE PLC(LIN)08,560+8,56004,255,8270.17%+4,255,827
GARTNER INC(IT)026,408+26,40804,193,3980.17%+4,193,398
DYNATRACE INC(DT)0113,055+113,05504,192,8790.17%+4,192,879
EASTMAN CHEM CO(EMN)054,740+54,74004,189,6840.17%+4,189,684
ACCENTURE PLC IRELAND020,983+20,98304,172,5810.17%+4,172,581
FRONTLINE PLC(FRO)0119,152+119,15204,165,4520.17%+4,165,452
INFOSYS LTD(INFY)0304,957+304,95704,131,8410.17%+4,131,841
AMDOCS LTD(DOX)062,880+62,88004,115,3090.17%+4,115,309
SALESFORCE INC(CRM)021,898+21,89804,099,4560.17%+4,099,456
GENPACT LIMITED0109,092+109,09204,075,3870.17%+4,075,387
DUPONT DE NEMOURS INC(DD)088,140+88,14004,048,4450.17%+4,048,445
INTUIT(INTU)09,271+9,27104,020,0900.16%+4,020,090
SS&C TECH HLDGS(SSNC)058,535+58,53503,966,5470.16%+3,966,547
SIGNET JEWELERS LIMITED0227,635+227,635019,322,5470.79%+19,322,547
SFL CORPORATION LTD0350,080+350,08003,788,2480.15%+3,788,248
ELEMENT SOLUTIONS INC(ESI)0105,820+105,82003,623,0520.15%+3,623,052
M/I HOMES INC(MHO)052,259+52,25906,417,1390.26%+6,417,139
PAYCOM SOFTWARE INC(PAYC)055,224+55,22406,731,1190.28%+6,731,119
ARTISAN PARTNERS ASSET MGMT(APAM)098,783+98,78303,605,1130.15%+3,605,113
ASHLAND INC(ASH)064,533+64,53303,598,9890.15%+3,598,989
FRANKLIN RESOURCES INC(BEN)0146,037+146,03703,459,3340.14%+3,459,334
CORE & MAIN INC(CNM)062,938+62,93803,118,1660.13%+3,118,166
CHOICE HOTELS INTL INC(CHH)029,389+29,38903,050,6640.12%+3,050,664
EXELIXIS INC(EXEL)0117,923+117,92305,072,2920.21%+5,072,292
FIRST SOLAR INC(FSLR)015,099+15,09902,986,9470.12%+2,986,947
BRINKER INTL INC(EAT)020,676+20,67602,960,4550.12%+2,960,455
SPROUTS FMRS MKT INC(SFM)036,695+36,69502,838,4410.12%+2,838,441
PAYLOCITY HLDG CORP(PCTY)025,914+25,91402,807,8020.11%+2,807,802
ABERCROMBIE & FITCO CO030,270+30,27002,773,7660.11%+2,773,766
URBAN OUTFITTERS INC(URBN)043,543+43,54302,766,3980.11%+2,766,398
AUTOMATIC DATA PROCESSING IN013,546+13,54602,760,1770.11%+2,760,177
BOYD GAMING CORP(BYD)033,481+33,48102,759,3750.11%+2,759,375
INDIVIOR PHARMACEUTICALS INC(INDV)090,247+90,24702,758,5790.11%+2,758,579
INVESCO LTD(IVZ)0112,202+112,20202,733,2400.11%+2,733,240
VALVOLINE INC(VVV)080,326+80,32602,713,1290.11%+2,713,129
SUPER GROUP SGHC LIMITED0248,002+248,00202,686,1400.11%+2,686,140
RED ROCK RESORTS INC(RRR)047,257+47,25702,528,7770.10%+2,528,777
SITEONE LANDSCAPE SUPPLY INC(SITE)018,718+18,71802,498,4700.10%+2,498,470
BOISE CASCADE CO DEL(BCC)032,680+32,68002,485,8450.10%+2,485,845
THE TRADE DESK INC(TTD)0108,421+108,42102,467,1620.10%+2,467,162
DAVE INC(DAVE)013,841+13,84102,416,2470.10%+2,416,247
WAYFAIR INC(W)031,465+31,46502,373,1720.10%+2,373,172
NEUROCRINE BIOSCIENCES INC(NBIX)036,133+36,13304,773,7850.20%+4,773,785
FORTUNE BRANDS INNOVATIONS I(FBIN)058,029+58,02902,267,9400.09%+2,267,940
ARMSTRONG WORLD INDS INC NEW(AWI)013,615+13,61502,250,0830.09%+2,250,083
MURPHY USA INC(MUSA)04,522+4,52202,240,1190.09%+2,240,119
DOMINOS PIZZA INC(DPZ)06,153+6,15302,213,9930.09%+2,213,993
WARBY PARKER INC(WRBY)0104,274+104,27402,203,3840.09%+2,203,384
ACADEMY SPORTS & OUTDOORS IN(ASO)038,700+38,70002,190,8660.09%+2,190,866
TRACTOR SUPPLY CO(TSCO)046,191+46,19102,098,4820.09%+2,098,482
EAGLE MATLS INC(EXP)010,661+10,66102,025,5970.08%+2,025,597
DOLLAR GEN CORP(DG)016,840+16,84002,005,1450.08%+2,005,145
PAGSEGURO DIGITAL LTD(PAGS)0199,225+199,22502,001,9870.08%+2,001,987
CENTURY ALUM CO(CENX)049,850+49,85002,934,1490.12%+2,934,149
DILLARDS INC(DDS)03,433+3,43301,969,4550.08%+1,969,455
INCYTE CORP(INCY)047,368+47,36804,471,1230.18%+4,471,123
TOPBUILD COR(BLD)05,478+5,47801,930,0930.08%+1,930,093
BOOT BARN HLDGS INC012,935+12,93501,898,5760.08%+1,898,576
LENNAR CORP(LEN)020,580+20,58001,792,2930.07%+1,792,293
DARDEN RESTAURANTS INC(DRI)08,978+8,97801,765,0890.07%+1,765,089
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