Ruffer LLP

Q3 2025 13F-HR Holdings

Location
London, X0
Holdings as of
9/30/2025
Date filed
11/3/2025
Form type
13F-HR
Num holdings
101
Total value ($000)
$1,799,106
Net value change ($000)
-461,201 (-20.4%)
New positions
33
Sold out positions
30
Turnover %
41.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/16/2025 Next filing: 1/28/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
COO 74,783 424.3%
B 59,007 NEW
EQX 53,725 124.2%
EXR 47,487 NEW
FSLR 34,634 NEW
BABA 29,927 77.0%
TSM 27,478 92.8%
MRK 23,759 330.1%
TECK 22,059 NEW
EGO 18,571 83.5%
Top Reduces (Value $000, Stocks/ETFs)
NEM -216,763 -74.4%
B -191,876 -100.0%
SW -162,652 -82.9%
C -78,619 -97.4%
GOOGL -53,904 -90.8%
BAC -39,896 -29.2%
RYAAY -38,098 -70.9%
CDE -32,289 -100.0%
ALC -27,333 -100.0%
WPM -17,016 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type