Ruane, Cunniff & Goldfarb L.P.
Institutional investor · Portfolio as of Q4 2023
Top Holdings33 positions
 Intercontinental Exchange Inc. | 5.6M | $719.7M | 11.5% | $91.15 | +36.22% | 14 qtrssince 2020-Q3 | Decreased 0 |
 The Charles Schwab Corporation | 8.5M | $582.7M | 9.3% | $38.90 | +70.47% | 18 qtrssince 2019-Q3 | Decreased 0 |
 UnitedHealth Group Incorporated | 1.1M | $563M | 9.0% | $253.36 | +95.81% | 17 qtrssince 2019-Q4 | Decreased 0 |
 Elevance Health, Inc. | 1.1M | $528.9M | 8.5% | $363.40 | +23.80% | 12 qtrssince 2021-Q1 | Decreased 0 |
 Liberty Media Corporation | 6.7M | $424.4M | 6.8% | $62.30 | +1.33% | 2 qtrssince 2023-Q3 | Decreased 0 |
 Taiwan Semiconductor Manufacturing Company Ltd. | 4.1M | $423.3M | 6.8% | $60.30 | +66.48% | 17 qtrssince 2019-Q4 | Decreased 0 |
 Capital One Financial Corporation | 3.2M | $422.9M | 6.8% | $89.71 | +40.33% | 6 qtrssince 2022-Q3 | Decreased 0 |
 Alphabet Inc. | 3M | $415.7M | 6.6% | $62.33 | +121.99% | 18 qtrssince 2019-Q3 | Decreased 0 |
 Credit Acceptance Corporation | 747,356 | $398.1M | 6.4% | $428.58 | +24.30% | 18 qtrssince 2019-Q3 | Decreased 0 |
 Jacobs Solutions Inc. | 2.8M | $363.3M | 5.8% | $87.63 | +19.38% | 6 qtrssince 2022-Q3 | Decreased 0 |
 CarMax Inc | 4.1M | $316.7M | 5.1% | $87.93 | -12.73% | 18 qtrssince 2019-Q3 | Decreased 0 |
 Alphabet Inc. | 1.8M | $251M | 4.0% | $60.38 | +131.22% | 18 qtrssince 2019-Q3 | Decreased 0 |
 LIBERTY BROADBAND CORP SERIES C C | 3.1M | $250.1M | 4.0% | — | — | 18 qtrssince 2019-Q3 | Decreased 0 |
 Meta Platforms, Inc. | 624,010 | $220.9M | 3.5% | $198.63 | +76.51% | 18 qtrssince 2019-Q3 | Decreased 0 |
 Berkshire Hathaway Inc. | 456,279 | $162.7M | 2.6% | $218.37 | +63.33% | 18 qtrssince 2019-Q3 | Decreased 0 |
 Berkshire Hathaway Inc. | 168 | $91.2M | 1.5% | — | — | 18 qtrssince 2019-Q3 | Decreased 0 |
 LIBERTY BROADBAND CORP | 774,436 | $62.5M | 1.0% | — | — | 18 qtrssince 2019-Q3 | Decreased 0 |
 Liberty Media Corporation | 865,672 | $50.2M | 0.8% | $56.54 | +2.55% | 2 qtrssince 2023-Q3 | Decreased 0 |
AS SENDAS DISTRIBUIDORA SA ADR | 139,514 | $1.9M | 0.0% | — | — | 9 qtrssince 2021-Q4 | Decreased 0 |
 Equitable Holdings, Inc. | 41,007 | $1.4M | 0.0% | $25.17 | +24.71% | 13 qtrssince 2020-Q4 | Decreased 0 |
| Quarter | Reported value in US dollars | Reported value change |
|---|---|---|
| 2022-Q3 | $6,732,167,000 | -12.2825375569% |
| 2022-Q4 | $6,400,945,539 | -4.91998283762% |
| 2023-Q1 | $6,119,741,745 | -4.3931602337% |
| 2023-Q2 | $6,338,653,315 | 3.57713738785% |
| 2023-Q3 | $6,024,559,427 | -4.95521481285% |
| 2023-Q4 | $6,257,108,855 | 3.86002380453% |
Ruane, Cunniff & Goldfarb L.P. manages $6.3B across 33 positions as of Q4 2023. Top holdings: ICE (11.5%), SCHW (9.3%), UNH (9.0%). Fund DNA: Concentrated Value. HoldingsIntel Score: 4.5/5.0.
Added SPGI; exited FWONK, BATRK, LLYVA and 1 more; trimmed 27, led by KMX (−1.4M shares). No standout high-conviction moves this quarter. Portfolio: $6.3B across 33 positions.
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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer
Verify source filings on SEC EDGAR