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Portfolio (Quarterly) Guide ↗

Ruffer LLP

· CIK 0001426859
13F Portfolio $2.8B AUM 187 positions Filed Jul 30, 2026 EDGAR ↗ ← All Funds
Q2 2026 · All 187 New
Page 2 of 10  ·  187 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 EXPAND ENERGY CORPORATION 420,557.0 $38.3M 1.35% NEW $91.09
22 SPGI S&P GLOBAL INC Financial Services 93,768.0 $38.1M 1.35% NEW $406.78 +7.3%
23 UNP UNION PAC CORP Industrials 140,019.0 $38.0M 1.34% NEW $271.69 +14.3%
24 TOTALENERGIES SE 474,930.0 $36.9M 1.30% NEW $77.69
25 BERKSHIRE HATHAWAY INC DEL 72,990.0 $36.5M 1.29% NEW $499.83
26 PNC PNC FINL SVCS GROUP INC Financial Services 145,485.0 $35.8M 1.26% NEW $245.94 -0.5%
27 CANADIAN PACIFIC KANSAS CITY 386,182.0 $33.4M 1.18% NEW $86.55
28 SCHW SCHWAB CHARLES CORP Financial Services 358,432.0 $33.0M 1.17% NEW $92.17 +18.7%
29 VIST VISTA ENERGY S.A.B. DE C.V. Energy 518,201.0 $33.0M 1.17% NEW $63.73 +7.7%
30 SIG SIGNET JEWELERS LIMITED Consumer Cyclical 360,278.0 $31.0M 1.10% NEW $86.11 -2.7%
31 EXP EAGLE MATLS INC Basic Materials 131,978.0 $29.7M 1.05% NEW $224.75 -11.0%
32 PFE PFIZER INC Healthcare 1,126,006.0 $27.1M 0.96% NEW $24.05 +17.7%
33 WBD WARNER BROS DISCOVERY INC Communication Services 920,507.0 $24.5M 0.87% NEW $26.63 +8.0%
34 GAU GALIANO GOLD INC Basic Materials 12,994,532.0 $24.2M 0.86% NEW $1.87 +27.0%
35 ARIS ARIS MNG CORP Basic Materials 1,605,529.0 $23.9M 0.84% NEW $14.89 +38.6%
36 EGO ELDORADO GOLD CORP NEW Basic Materials 674,029.0 $20.9M 0.74% NEW $31.06 +51.2%
37 KGC KINROSS GOLD CORP Basic Materials 874,179.0 $20.6M 0.73% NEW $23.62 +36.8%
38 DIS DISNEY WALT CO Communication Services 211,815.0 $20.4M 0.72% NEW $96.14 +14.0%
39 ABNB AIRBNB INC Consumer Cyclical 139,870.0 $20.0M 0.71% NEW $142.94 +31.6%
40 VENTURE GLOBAL INC 1,789,003.0 $19.9M 0.70% NEW $11.12
Page 2 of 10  ·  187 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Consumer Cyclical 27.6%
Technology 16.2%
Basic Materials 13.3%
Energy 13.1%
Financial Services 12.2%
Healthcare 4.9%
Industrials 4.8%
Consumer Defensive 2.7%
Communication Services 2.5%
Real Estate 2.2%