Ruane, Cunniff & Goldfarb L.P.
Long book
$6.03B
Q1 2026
Positions
50
Top-10 weight
67%
concentration
Last quarter
+12.9%
SPY +14.8%
Turnover
12%
of book per quarter
Strategy in plain words
auto-generated from filingsRuane, Cunniff & Goldfarb L.P. is a high-conviction value investor, running a $6.03B US long book across 50 positions.
The portfolio is concentrated: the top 10 names carry 67% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: ALPHABET INC-CL A, LIBERTY MEDIA CORP-FORMULA-C, SCHWAB (CHARLES) CORP, INTERCONTINENTAL EXCHANGE IN, TAIWAN SEMICONDUCTOR-SP ADR.
Over the last 9 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.6%
Q2 2024
+4.5%
Q3 2024
+2.3%
Q4 2024
+1.4%
Q1 2025
+6.6%
Q2 2025
+3.8%
Q3 2025
+4.8%
Q4 2025
-9.7%
Q1 2026
+12.9%
Sector allocation
Financials 39%
Healthcare 21%
Technology 18%
Communications 12%
Services media 11%
Consumer discretionary 0%
Industrials 0%
Long book by quarter
What does Ruane, Cunniff own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOGL ALPHABET INC-CL A | Technology | 2.1M | $608.9M | 10.1% | -2.6% |
| FWONK LIBERTY MEDIA CORP-FORMULA-C | Communications | 5.4M | $455.5M | 7.6% | -2.4% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 4.7M | $443.1M | 7.4% | -15.7% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 2.6M | $415.1M | 6.9% | -2.4% |
| ELV ELEVANCE HEALTH INC | Financials | 1.4M | $406.3M | 6.7% | -2.4% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 2.0M | $368.1M | 6.1% | -2.4% |
| SUNB SUNBELT RENTALS HOLDINGS INC | Services media | 5.5M | $357.2M | 5.9% | New |
| MSA MSA SAFETY INC | Healthcare | 1.8M | $291.2M | 4.8% | -2.0% |
| ZTS ZOETIS INC | Healthcare | 2.4M | $286.7M | 4.8% | New |
| GOOG ALPHABET INC-CL C | Technology | 950.4K | $272.6M | 4.5% | -16.8% |
| ALGN ALIGN TECHNOLOGY INC | Healthcare | 1.2M | $206.8M | 3.4% | -1.3% |
| UNH UNITEDHEALTH GROUP INC | Financials | 728.4K | $197.1M | 3.3% | -2.4% |
| ACN ACCENTURE PLC-CL A | Services media | 928.2K | $184.1M | 3.1% | -1.6% |
| ICLR ICON PLC | Healthcare | 1.6M | $180.9M | 3.0% | -2.7% |
| TECH BIO-TECHNE CORP | Healthcare | 3.4M | $177.3M | 2.9% | +131.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 310.4K | $148.7M | 2.5% | -1.8% |
| META META PLATFORMS INC-CLASS A | Technology | 201.1K | $115.1M | 1.9% | -15.8% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 110 | $79.0M | 1.3% | -4.3% |
| CACC CREDIT ACCEPTANCE CORP | Financials | 146.2K | $61.9M | 1.0% | -72.7% |
| LBRDK LIBERTY BROADBAND-C | Communications | 1.2M | $58.5M | 1.0% | -36.8% |
| FWONA LIBERTY MEDIA CORP-FORMULA-A | Communications | 723.8K | $56.5M | 0.9% | -2.0% |
| AMTM AMENTUM HOLDINGS INC | Services media | 1.6M | $42.3M | 0.7% | -32.2% |
| CHTR CHARTER COMMUNICATIONS INC-A | Communications | 152.6K | $32.9M | 0.5% | -57.9% |
| GLIBK LIBERTY CAPITAL CORP-CL C | Communications | 506.7K | $18.9M | 0.3% | -6.0% |
| LBRDA LIBERTY BROADBAND-A | Communications | 223.8K | $11.2M | 0.2% | -65.7% |
| GLIBA LIBERTY CAPITAL CORP | Communications | 127.5K | $4.7M | 0.1% | -2.8% |
| EQH EQUITABLE HOLDINGS INC | Financials | 40.5K | $1.5M | 0.0% | -0.4% |
| GPI GROUP 1 AUTOMOTIVE INC | Consumer discretionary | 4.0K | $1.3M | 0.0% | +11.2% |
| J JACOBS SOLUTIONS INC | Industrials | 6.3K | $800K | 0.0% | -3.1% |
| NFLX NETFLIX INC | Services media | 8.1K | $778K | 0.0% | +55.0% |
| LAD LITHIA MOTORS INC | Consumer discretionary | 3.0K | $746K | 0.0% | -2.0% |
| MU MICRON TECHNOLOGY INC | Technology | 2.2K | $730K | 0.0% | Held |
| GMED GLOBUS MEDICAL INC - A | Healthcare | 6.0K | $518K | 0.0% | New |
| CPA COPA HOLDINGS SA-CLASS A | Industrials | 2.6K | $290K | 0.0% | Held |
| AXP AMERICAN EXPRESS CO | Financials | 932 | $282K | 0.0% | Held |
| MSFT MICROSOFT CORP | Technology | 737 | $273K | 0.0% | +7.0% |
| DG DOLLAR GENERAL CORP | Consumer discretionary | 2.2K | $260K | 0.0% | +0.8% |
| AAPL APPLE INC | Technology | 961 | $244K | 0.0% | +7.9% |
| FERG FERGUSON ENTERPRISES INC | Consumer discretionary | 1.0K | $233K | 0.0% | Held |
| SBGI SINCLAIR INC | Communications | 18.0K | $232K | 0.0% | Held |
| SPGI S&P GLOBAL INC | Services media | 531 | $226K | 0.0% | Held |
| SDHC SMITH DOUGLAS HOMES CORP | Industrials | 14.5K | $185K | 0.0% | +18.7% |
| STLA STELLANTIS NV | Industrials | 25.1K | $178K | 0.0% | -2.0% |
| ATAI ATAIBECKLEY INC | Healthcare | 42.1K | $149K | 0.0% | New |
| RMNI RIMINI STREET INC | Services media | 35.3K | $116K | 0.0% | -5.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 50 | $6.03B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 48 | $6.40B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 47 | $6.04B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 43 | $5.83B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 38 | $5.51B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 39 | $5.89B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 37 | $6.39B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 37 | $6.42B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 34 | $6.44B | canonical | SEC ↗ |