Ruane, Cunniff & Goldfarb L.P.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Ruane, Cunniff & Goldfarb L.P. reported 39 stock positions worth $5.9 billion. Its top holding was Intercontinental Exchange (ICE) at 12.2% of the portfolio, followed by Liberty Media Class C (FWONK, 9.2%) and Schwab (charles) (SCHW, 8.7%). Compared with Q3 2024, it opened 3 new positions, sold out of 1, added to 3 and reduced 25. The biggest buy was a new position in Icon (ICLR) and the biggest sale Jacobs Solutions (J, shares −52%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001720792
- Portfolio Value
- $5.9B (Q4 2024)
- SEC Filing
- 0000919574-25-001168 ↗ filed Feb 14, 2025
Holdings Value
Holdings 39 stocks · $5.9B
| ICE Intercontinental Exchange Inc. | 12.16% | 4,806,982 | $716.3M | Reduce -4.1% |
| FWONK Liberty Media Corp. Class C | 9.23% | 5,869,410 | $543.9M | Reduce -3.5% |
| SCHW Schwab (charles) Corp. | 8.67% | 6,903,480 | $510.9M | Reduce -7.3% |
| GOOGL Alphabet Inc. Class A | 7.69% | 2,391,801 | $452.8M | Reduce -10.3% |
| UNH Unitedhealth Group Inc. | 7.20% | 837,996 | $423.9M | Reduce -13.3% |
| ELV Elevance Health Inc. | 7.16% | 1,143,953 | $422.0M | Add +13.9% |
| COF Capital One Financial Corp. | 6.59% | 2,177,156 | $388.2M | Reduce -21.4% |
| TSM Taiwan Semiconductor-SP ADR | 6.48% | 1,933,881 | $381.9M | Reduce -33.4% |
| CACC Credit Acceptance Corp. | 5.22% | 655,271 | $307.6M | Reduce -3.9% |
| META Meta Platforms Inc. Class A | 5.18% | 521,537 | $305.4M | Reduce -8.0% |
| ICLR Icon PLC | 4.51% | 1,265,540 | $265.4M | New |
| GOOG Alphabet Inc. Class C | 4.50% | 1,391,955 | $265.1M | Reduce -4.7% |
| LBRDK Liberty Broadband-C | 3.06% | 2,412,168 | $180.3M | Reduce -4.1% |
| J Jacobs Solutions Inc. | 2.75% | 1,210,914 | $161.8M | Reduce -52.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.68% | 348,247 | $157.9M | Reduce -19.8% |
| CHTR Charter Communications Inc. Class A | 2.41% | 414,122 | $141.9M | Reduce -9.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.46% | 126 | $85.8M | Reduce -6.0% |
| FWONA Liberty Media Corp. Class A | 1.07% | 748,924 | $62.9M | Reduce -5.3% |
| AMTM Amentum Holdings Inc. | 0.87% | 2,436,294 | $51.2M | Reduce -3.7% |
| LBRDA Liberty Broadband-A | 0.86% | 683,406 | $50.8M | Reduce -3.7% |
| EXPD Expeditors Intl Wash Inc. | 0.04% | 21,902 | $2.4M | Reduce -36.3% |
| KMX Carmax Inc. | 0.04% | 27,571 | $2.3M | Reduce -98.5% |
| EQH Equitable Holdings Inc. | 0.03% | 40,832 | $1.9M | Reduce -0.0% |
| GPI Group 1 Automotive Inc. | 0.02% | 3,369 | $1.4M | Reduce -0.5% |
| LAD Lithia Motors Inc. | 0.02% | 2,716 | $971K | Reduce -0.4% |
| ASAIY Sendas Distribuidora SA | 0.01% | 152,478 | $682K | Add +0.8% |
| STLA Stellantis NV | 0.01% | 51,633 | $674K | Reduce -0.1% |
| BLDR Builders Firstsource Inc. | 0.01% | 4,700 | $672K | No change |
| NFLX Netflix Inc. | 0.01% | 606 | $540K | No change |
| ISCV iShares Morningstar Small-Ca | 0.01% | 6,380 | $405K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.01% | 1,158 | $336K | Add +8.7% |
| SBGI Sinclair Inc. | 0.00% | 17,959 | $290K | No change |
| AXP American Express Co. | 0.00% | 932 | $277K | No change |
| MSFT Microsoft Corp. | 0.00% | 649 | $274K | No change |
| SPGI S&P Global Inc. | 0.00% | 531 | $264K | No change |
| CPA Copa Holdings SA Class A | 0.00% | 2,555 | $225K | New |
| AAPL Apple Inc. | 0.00% | 821 | $206K | New |
| RMNI Rimini Street Inc. | 0.00% | 37,955 | $101K | Reduce -0.3% |
| ATAIBECKLEY INC filed as ATAI LIFE SCIENCES NV | 0.00% | 42,112 | $56K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| J Jacobs Solutions Inc. | Reduce -52.1% | 2.75% | −2.43 |
| KMX Carmax Inc. | Reduce -98.5% | 0.04% | −2.17 |
| UNH Unitedhealth Group Inc. | Reduce -13.3% | 7.20% | −1.64 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -33.4% | 6.48% | −1.41 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -19.8% | 2.68% | −0.45 |
| ICE Intercontinental Exchange Inc. | Reduce -4.1% | 12.16% | −0.44 |
| AMTM Amentum Holdings Inc. | Reduce -3.7% | 0.87% | −0.41 |
| EXPD Expeditors Intl Wash Inc. | Reduce -36.3% | 0.04% | −0.03 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.00 |
| STLA Stellantis NV | Reduce -0.1% | 0.01% | +0.00 |
| RMNI Rimini Street Inc. | Reduce -0.3% | 0.00% | +0.00 |
| LAD Lithia Motors Inc. | Reduce -0.4% | 0.02% | +0.00 |
| GPI Group 1 Automotive Inc. | Reduce -0.5% | 0.02% | +0.00 |
| EQH Equitable Holdings Inc. | Reduce -0.0% | 0.03% | +0.01 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -6.0% | 1.46% | +0.01 |
| LBRDA Liberty Broadband-A | Reduce -3.7% | 0.86% | +0.01 |
| LBRDK Liberty Broadband-C | Reduce -4.1% | 3.06% | +0.02 |
| COF Capital One Financial Corp. | Reduce -21.4% | 6.59% | +0.10 |
| CHTR Charter Communications Inc. Class A | Reduce -9.0% | 2.41% | +0.10 |
| META Meta Platforms Inc. Class A | Reduce -8.0% | 5.18% | +0.11 |
| FWONA Liberty Media Corp. Class A | Reduce -5.3% | 1.07% | +0.18 |
| CACC Credit Acceptance Corp. | Reduce -3.9% | 5.22% | +0.49 |
| GOOG Alphabet Inc. Class C | Reduce -4.7% | 4.50% | +0.68 |
| GOOGL Alphabet Inc. Class A | Reduce -10.3% | 7.69% | +0.77 |
| SCHW Schwab (charles) Corp. | Reduce -7.3% | 8.67% | +1.12 |
| FWONK Liberty Media Corp. Class C | Reduce -3.5% | 9.23% | +1.87 |
Portfolio Buys Q3 2024 → Q4 2024
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 54 | $6.4B | GOOGL, TSM, FWONK, SCHW, COF |
| Q1 2026 | 50 | $6.0B | GOOGL, FWONK, SCHW, ICE, TSM |
| Q4 2025 | 48 | $6.4B | GOOGL, SCHW, FWONK, COF, ELV |
| Q3 2025 | 47 | $6.0B | SCHW, FWONK, GOOGL, TSM, ELV |
| Q2 2025 | 43 | $5.8B | SCHW, FWONK, ICE, COF, TSM |
| Q1 2025 | 38 | $5.5B | SCHW, FWONK, ELV, ICE, UNH |
| Q4 2024 | 39 | $5.9B | ICE, FWONK, SCHW, GOOGL, UNH |
| Q3 2024 | 37 | $6.4B | ICE, UNH, ELV, TSM, SCHW |
| Q2 2024 | 37 | $6.4B | ICE, SCHW, ELV, TSM, GOOGL |
| Q1 2024 | 34 | $6.4B | ICE, SCHW, ELV, UNH, TSM |