What smart money is saying about BP
1 fund in our archive has pitched BP — most recently Liontrust Special Situations Fund in June 2026.
BP p.l.c., an integrated energy company, engages in the oil and gas business worldwide. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, marketing, and trading activities, as well as solar, wind, and hydrogen businesses. The company also offers aviation fuel products and services, such as jet fuel; aviation gasoline; UL91 aviation fuel; and sustainable aviation fuel. In addition, it engages in the convenience and retail fuel; EV charging; Castrol lubricants and fluids; B2B; midstream; crude oil production; refining and oil trading; and bioenergy businesses. The company was founded in 1908 and is headquartered in London, the United Kingdom.
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Position history
Between Q2 2026 and Q3 2026, 13 fund letters reported a position in BP, with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 11 | 0 | 0 | 0 |
| Q2 2026 | 2 | 0 | 0 | 1 |
Fund activity · 13 positions
- HoldsRuffer Total Return InternationalAugust 2026
Listed in Ruffer Total Return International’s reported holdings.
BP - HoldsRuffer Total Return FundAugust 2026
Listed in Ruffer Total Return Fund’s reported holdings.
BP - HoldsRuffer Charity Assets TrustAugust 2026
Listed in Ruffer Charity Assets Trust’s reported holdings.
BP - HoldsRuffer Investment Company LimitedAugust 2026
Listed in Ruffer Investment Company Limited’s reported holdings.
BP - August 2026
Listed in Liontrust UK Growth Fund’s reported holdings.
BP - HoldsWS Ruffer Diversified Return FundAugust 2026
“WS Ruffer Diversified Return Fund 31 Aug 26 5 LARGEST EQUITY HOLDINGS Stock % of fund BP 1.0 Microsoft 0.9 Amazon 0.9 Solventum 0.8 Prosus 0.8 ASSET ALLOCATION CURRENCY ALLOCATION Inflation % Long-dated non-UK inflation-linked bonds 14.0 Short-dated non-UK inflation-linked bonds 5.0 Gold and precious metals exposure 3.5 Protection Short-dated nominal bonds 20.2 Long-dated nominal bonds 17.4 Cash 2.2 Credit and derivative strategies 0.6 Growth Consumer discretionary equities 8.7 Energy equities 4.8 Industrials equities 4.4 Financials equities 4.4 Other equities 12.7 Commodity exposure 2.2 Currency allocation % Sterling 68.3 US dollar 12.6 Yen 10.1 Euro 5.0 Other 4.0 Geographical equity allocation North America equities 13.1 UK equities 8.5 Europe equities 6.8 Japan equities 3.7 Asia ex-Japan equities 2.9 FUND SIZE £1,479.1M FUND INFORMATION Annual management charge % 0.9 Minimum investment (or equivalent in other currency) £50m Ongoing Charges Figure % 0.93 Dealing frequency Daily Valuation point 12:00 Pay dates 15 May, 15 Nov Record dates 15 Mar, 15 Sep Investment manager Ruffer LLP Depositary The Bank of New York Mellon (International) Limited Authorised Corporate Director Waystone Management (UK) Limited Auditors Ernst & Young LLP Structure Sub-fund of WS Ruffer Managed Funds (OEIC) UK domiciled UCITS Eligible for ISAs Share class ISIN SEDOL I GBP acc GB00BMWLQW82 BMWLQW8 I GBP inc GB00BMWLQV75 BMWLQV7 The credit and derivatives strategies allocation is calculated using market value. In some cases, this allocation might be negative due to the nature of how the instruments, in particular credit default swaps, are priced. Largest equity holdings exclude Ruffer funds | Source: Ruffer LLP | Totals may not equal 100 due to rounding”
BP - HoldsWS Ruffer Total Return FundAugust 2026
Listed in WS Ruffer Total Return Fund’s reported holdings.
BP - HoldsWS Ruffer Total Return FundJuly 2026
Listed in WS Ruffer Total Return Fund’s reported holdings.
BP - July 2026
“BP (+18%) and Shell (+15%) were among the Fund’s strongest contributors, reflecting both their share-price gains and higher portfolio weights.”
BP - HoldsWS Ruffer Diversified Return FundJuly 2026
Listed in WS Ruffer Diversified Return Fund’s reported holdings.
BP - July 2026
“The sharp rise in crude oil prices created a more supportive earnings and cash-flow backdrop for both BP (+18%) and Shell (+15%).”
BP - June 2026
“Not holding BP, the multinational energy company, was the second leading contributor to the Fund’s relative returns.”
BP - June 2026
“BP (-22%) and Shell (-17%) shares reversed a substantial proportion of their year-to-date gains as sentiment turned against them due to the ceasefire in Iran. Although the scale and rapidity of the oil price correction confounded analysts and market commentators, we believe that the structural outlook for oil points to a higher medium-term level, given depleted inventories around the world and damage to Middle East infrastructure. However, our ownership of both Shell and BP rests on a longer-term case for their significant intellectual property and distribution strengths conferring an essential through-cycle role upon both companies within an inescapably volatile global energy system.”
BP
Also mentioned · 2
These funds discuss BP — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedLiontrust UK Equity FundJune 2026
“Not holding BP, the multinational energy company, was the second leading contributor to the Fund’s relative returns.”
BP - MentionedLiontrust UK Ethical FundJune 2026
“Oil prices reversed much of their earlier rise as tensions in the Middle East eased and concerns over supply disruption diminished, weighing heavily on major UK-listed producers such as Shell and BP.”
BP
Fund coverage · 1 thesis
- Liontrust Special Situations FundJune 2026
BP is held for its long-term energy-system role, capital discipline, and potential for better returns on capital.
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