Ruffer LLP

Q4 2025 13F-HR Holdings

Location
London, X0
Holdings as of
12/31/2025
Date filed
1/28/2026
Form type
13F-HR
Num holdings
154
Total value ($000)
$2,196,534
Net value change ($000)
+397,428 (22.1%)
New positions
83
Sold out positions
30
Turnover %
42.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/3/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
COIN 166,515 NEW
SW 141,004 421.6%
DIS 64,678 NEW
FND 47,231 NEW
SLB 44,073 NEW
SOLV 33,621 221.9%
UNP 30,913 NEW
LAMR 30,402 NEW
NOMD 26,823 NEW
VIST 19,227 NEW
Top Reduces (Value $000, Stocks/ETFs)
COO -66,782 -72.3%
NEM -58,048 -77.9%
TSM -47,594 -83.4%
FSLR -34,634 -100.0%
MRK -30,957 -100.0%
B -30,627 -51.9%
UTHR -20,350 -100.0%
IQV -19,558 -100.0%
GILD -19,390 -95.8%
PFE -18,526 -35.9%
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.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type