Ruane, Cunniff & Goldfarb L.P.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Ruane, Cunniff & Goldfarb L.P. reported 38 stock positions worth $5.5 billion. Its top holding was Schwab (charles) (SCHW) at 9.6% of the portfolio, followed by Liberty Media Class C (FWONK, 9.4%) and Elevance Health (ELV, 8.9%). Compared with Q4 2024, it opened 2 new positions, sold out of 3, added to 1 and reduced 23. The biggest buy was a new position in Vanguard S&P 500 ETF (VOO) and the biggest sale Intercontinental Exchange (ICE, shares −42%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001720792
- Portfolio Value
- $5.5B (Q1 2025)
- SEC Filing
- 0000919574-25-003038 ↗ filed May 15, 2025
Holdings Value
Holdings 38 stocks · $5.5B
| SCHW Schwab (charles) Corp. | 9.61% | 6,761,375 | $529.3M | Reduce -2.1% |
| FWONK Liberty Media Corp. Class C | 9.41% | 5,755,304 | $518.0M | Reduce -1.9% |
| ELV Elevance Health Inc. | 8.87% | 1,122,920 | $488.4M | Reduce -1.8% |
| ICE Intercontinental Exchange Inc. | 8.75% | 2,794,096 | $482.0M | Reduce -41.9% |
| UNH Unitedhealth Group Inc. | 7.82% | 822,168 | $430.6M | Reduce -1.9% |
| COF Capital One Financial Corp. | 6.94% | 2,130,414 | $382.0M | Reduce -2.1% |
| GOOGL Alphabet Inc. Class A | 6.66% | 2,372,844 | $366.9M | Reduce -0.8% |
| CACC Credit Acceptance Corp. | 6.03% | 643,101 | $332.1M | Reduce -1.9% |
| TSM Taiwan Semiconductor-SP ADR | 5.63% | 1,866,293 | $309.8M | Reduce -3.5% |
| META Meta Platforms Inc. Class A | 5.35% | 510,972 | $294.5M | Reduce -2.0% |
| ICLR Icon PLC | 3.99% | 1,254,350 | $219.5M | Reduce -0.9% |
| GOOG Alphabet Inc. Class C | 3.77% | 1,328,509 | $207.6M | Reduce -4.6% |
| LBRDK Liberty Broadband-C | 3.68% | 2,383,453 | $202.7M | Reduce -1.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.26% | 336,982 | $179.5M | Reduce -3.2% |
| CHTR Charter Communications Inc. Class A | 2.68% | 400,460 | $147.6M | Reduce -3.3% |
| J Jacobs Solutions Inc. | 2.58% | 1,176,743 | $142.3M | Reduce -2.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.83% | 126 | $100.6M | No change |
| FWONA Liberty Media Corp. Class A | 1.10% | 741,230 | $60.4M | Reduce -1.0% |
| LBRDA Liberty Broadband-A | 1.04% | 674,067 | $57.3M | Reduce -1.4% |
| AMTM Amentum Holdings Inc. | 0.79% | 2,393,039 | $43.6M | Reduce -1.8% |
| EXPD Expeditors Intl Wash Inc. | 0.05% | 21,902 | $2.6M | No change |
| EQH Equitable Holdings Inc. | 0.04% | 40,728 | $2.1M | Reduce -0.3% |
| GPI Group 1 Automotive Inc. | 0.02% | 3,361 | $1.3M | Reduce -0.2% |
| LAD Lithia Motors Inc. | 0.01% | 2,716 | $797K | No change |
| BLDR Builders Firstsource Inc. | 0.01% | 4,700 | $587K | No change |
| NFLX Netflix Inc. | 0.01% | 606 | $565K | No change |
| KMX Carmax Inc. | 0.01% | 6,280 | $489K | Reduce -77.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.01% | 1,725 | $474K | Add +49.0% |
| STLA Stellantis NV | 0.01% | 39,677 | $445K | Reduce -23.2% |
| VOO Vanguard S&P 500 ETF | 0.01% | 682 | $350K | New |
| SBGI Sinclair Inc. | 0.01% | 17,959 | $286K | No change |
| SPGI S&P Global Inc. | 0.00% | 531 | $270K | No change |
| VXUS Vanguard Total Intl Stock | 0.00% | 4,121 | $256K | New |
| AXP American Express Co. | 0.00% | 932 | $251K | No change |
| MSFT Microsoft Corp. | 0.00% | 649 | $244K | No change |
| CPA Copa Holdings SA Class A | 0.00% | 2,555 | $236K | No change |
| RMNI Rimini Street Inc. | 0.00% | 37,955 | $132K | No change |
| ATAIBECKLEY INC filed as ATAI LIFE SCIENCES NV | 0.00% | 42,112 | $57K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| ICE Intercontinental Exchange Inc. | Reduce -41.9% | 8.75% | −3.41 |
| GOOGL Alphabet Inc. Class A | Reduce -0.8% | 6.66% | −1.02 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -3.5% | 5.63% | −0.86 |
| GOOG Alphabet Inc. Class C | Reduce -4.6% | 3.77% | −0.73 |
| ICLR Icon PLC | Reduce -0.9% | 3.99% | −0.52 |
| J Jacobs Solutions Inc. | Reduce -2.8% | 2.58% | −0.16 |
| AMTM Amentum Holdings Inc. | Reduce -1.8% | 0.79% | −0.08 |
| KMX Carmax Inc. | Reduce -77.2% | 0.01% | −0.03 |
| ASAIY Sendas Distribuidora SA | Sold out | 0.00% | −0.01 |
| ISCV iShares Morningstar Small-Ca | Sold out | 0.00% | −0.01 |
| AAPL Apple Inc. | Sold out | 0.00% | −0.00 |
| STLA Stellantis NV | Reduce -23.2% | 0.01% | −0.00 |
| GPI Group 1 Automotive Inc. | Reduce -0.2% | 0.02% | −0.00 |
| EQH Equitable Holdings Inc. | Reduce -0.3% | 0.04% | +0.01 |
| FWONA Liberty Media Corp. Class A | Reduce -1.0% | 1.10% | +0.03 |
| META Meta Platforms Inc. Class A | Reduce -2.0% | 5.35% | +0.16 |
| FWONK Liberty Media Corp. Class C | Reduce -1.9% | 9.41% | +0.18 |
| LBRDA Liberty Broadband-A | Reduce -1.4% | 1.04% | +0.18 |
| CHTR Charter Communications Inc. Class A | Reduce -3.3% | 2.68% | +0.27 |
| COF Capital One Financial Corp. | Reduce -2.1% | 6.94% | +0.35 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.2% | 3.26% | +0.58 |
| LBRDK Liberty Broadband-C | Reduce -1.2% | 3.68% | +0.62 |
| UNH Unitedhealth Group Inc. | Reduce -1.9% | 7.82% | +0.62 |
| CACC Credit Acceptance Corp. | Reduce -1.9% | 6.03% | +0.81 |
| SCHW Schwab (charles) Corp. | Reduce -2.1% | 9.61% | +0.94 |
| ELV Elevance Health Inc. | Reduce -1.8% | 8.87% | +1.71 |
Portfolio Buys Q4 2024 → Q1 2025
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 |