Ruane, Cunniff & Goldfarb L.P.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Ruane, Cunniff & Goldfarb L.P. reported 43 stock positions worth $5.8 billion. Its top holding was Schwab (charles) (SCHW) at 10.3% of the portfolio, followed by Liberty Media Class C (FWONK, 10.1%) and Intercontinental Exchange (ICE, 8.7%). Compared with Q1 2025, it opened 6 new positions, sold out of 1, added to 7 and reduced 17. The biggest buy was a new position in Msa Safety (MSA) and the biggest sale Unitedhealth (UNH, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001720792
- Portfolio Value
- $5.8B (Q2 2025)
- SEC Filing
- 0000919574-25-004628 ↗ filed Aug 14, 2025
Holdings Value
Holdings 43 stocks · $5.8B
| SCHW Schwab (charles) Corp. | 10.32% | 6,598,822 | $602.1M | Reduce -2.4% |
| FWONK Liberty Media Corp. Class C | 10.05% | 5,610,983 | $586.3M | Reduce -2.5% |
| ICE Intercontinental Exchange Inc. | 8.71% | 2,768,977 | $508.0M | Reduce -0.9% |
| COF Capital One Financial Corp. | 7.72% | 2,117,016 | $450.4M | Reduce -0.6% |
| TSM Taiwan Semiconductor-SP ADR | 7.45% | 1,917,681 | $434.3M | Add +2.8% |
| ELV Elevance Health Inc. | 7.31% | 1,095,655 | $426.2M | Reduce -2.4% |
| GOOGL Alphabet Inc. Class A | 7.15% | 2,366,319 | $417.0M | Reduce -0.3% |
| CACC Credit Acceptance Corp. | 5.10% | 584,025 | $297.5M | Reduce -9.2% |
| META Meta Platforms Inc. Class A | 5.03% | 397,558 | $293.4M | Reduce -22.2% |
| ICLR Icon PLC | 4.26% | 1,708,183 | $248.5M | Add +36.2% |
| UNH Unitedhealth Group Inc. | 4.08% | 763,439 | $238.2M | Reduce -7.1% |
| GOOG Alphabet Inc. Class C | 3.91% | 1,286,121 | $228.1M | Reduce -3.2% |
| LBRDK Liberty Broadband-C | 3.19% | 1,889,287 | $185.9M | Reduce -20.7% |
| MSA Msa Safety Inc. | 2.73% | 949,067 | $159.0M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 2.72% | 326,841 | $158.8M | Reduce -3.0% |
| CHTR Charter Communications Inc. Class A | 2.71% | 386,614 | $158.1M | Reduce -3.5% |
| J Jacobs Solutions Inc. | 2.42% | 1,072,124 | $140.9M | Reduce -8.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.46% | 117 | $85.3M | Reduce -7.1% |
| FWONA Liberty Media Corp. Class A | 1.22% | 748,343 | $71.1M | Add +1.0% |
| LBRDA Liberty Broadband-A | 1.12% | 668,807 | $65.4M | Reduce -0.8% |
| AMTM Amentum Holdings Inc. | 0.99% | 2,441,743 | $57.6M | Add +2.0% |
| TECH Bio-Techne Corp. | 0.13% | 152,417 | $7.8M | New |
| EXPD Expeditors Intl Wash Inc. | 0.04% | 21,902 | $2.5M | No change |
| EQH Equitable Holdings Inc. | 0.04% | 40,728 | $2.3M | No change |
| GPI Group 1 Automotive Inc. | 0.03% | 3,350 | $1.5M | Reduce -0.3% |
| LAD Lithia Motors Inc. | 0.02% | 2,716 | $918K | No change |
| NFLX Netflix Inc. | 0.01% | 606 | $812K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.01% | 2,551 | $775K | Add +47.9% |
| KMX Carmax Inc. | 0.01% | 6,280 | $422K | No change |
| STLA Stellantis NV | 0.01% | 39,677 | $398K | No change |
| VOO Vanguard S&P 500 ETF | 0.01% | 682 | $387K | No change |
| MSFT Microsoft Corp. | 0.01% | 689 | $343K | Add +6.2% |
| VXUS Vanguard Total Intl Stock | 0.01% | 4,662 | $322K | Add +13.1% |
| AXP American Express Co. | 0.01% | 932 | $297K | No change |
| CPA Copa Holdings SA Class A | 0.00% | 2,555 | $281K | No change |
| SPGI S&P Global Inc. | 0.00% | 531 | $280K | No change |
| MU Micron Technology Inc. | 0.00% | 2,162 | $266K | New |
| SBGI Sinclair Inc. | 0.00% | 17,959 | $248K | No change |
| DG Dollar General Corp. | 0.00% | 2,144 | $245K | New |
| FERG Ferguson Enterprises Inc. | 0.00% | 1,000 | $218K | New |
| RSG Republic Services Inc. | 0.00% | 817 | $201K | New |
| RMNI Rimini Street Inc. | 0.00% | 37,955 | $143K | No change |
| ATAIBECKLEY INC filed as ATAI LIFE SCIENCES NV | 0.00% | 42,112 | $92K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | Reduce -7.1% | 4.08% | −3.74 |
| ELV Elevance Health Inc. | Reduce -2.4% | 7.31% | −1.56 |
| CACC Credit Acceptance Corp. | Reduce -9.2% | 5.10% | −0.93 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.0% | 2.72% | −0.54 |
| LBRDK Liberty Broadband-C | Reduce -20.7% | 3.19% | −0.50 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -7.1% | 1.46% | −0.37 |
| META Meta Platforms Inc. Class A | Reduce -22.2% | 5.03% | −0.32 |
| J Jacobs Solutions Inc. | Reduce -8.9% | 2.42% | −0.17 |
| ICE Intercontinental Exchange Inc. | Reduce -0.9% | 8.71% | −0.04 |
| BLDR Builders Firstsource Inc. | Sold out | 0.00% | −0.01 |
| GPI Group 1 Automotive Inc. | Reduce -0.3% | 0.03% | +0.00 |
| CHTR Charter Communications Inc. Class A | Reduce -3.5% | 2.71% | +0.03 |
| LBRDA Liberty Broadband-A | Reduce -0.8% | 1.12% | +0.08 |
| GOOG Alphabet Inc. Class C | Reduce -3.2% | 3.91% | +0.14 |
| GOOGL Alphabet Inc. Class A | Reduce -0.3% | 7.15% | +0.49 |
| FWONK Liberty Media Corp. Class C | Reduce -2.5% | 10.05% | +0.64 |
| SCHW Schwab (charles) Corp. | Reduce -2.4% | 10.32% | +0.71 |
| COF Capital One Financial Corp. | Reduce -0.6% | 7.72% | +0.78 |
Portfolio Buys Q1 2025 → Q2 2025
| MSA Msa Safety Inc. | New | 2.73% | +2.73 |
| TSM Taiwan Semiconductor-SP ADR | Add +2.8% | 7.45% | +1.82 |
| ICLR Icon PLC | Add +36.2% | 4.26% | +0.27 |
| AMTM Amentum Holdings Inc. | Add +2.0% | 0.99% | +0.20 |
| TECH Bio-Techne Corp. | New | 0.13% | +0.13 |
| FWONA Liberty Media Corp. Class A | Add +1.0% | 1.22% | +0.12 |
| VTI VG Morningstar TS MKT ETF-US | Add +47.9% | 0.01% | +0.00 |
| MU Micron Technology Inc. | New | 0.00% | +0.00 |
| DG Dollar General Corp. | New | 0.00% | +0.00 |
| FERG Ferguson Enterprises Inc. | New | 0.00% | +0.00 |
| RSG Republic Services Inc. | New | 0.00% | +0.00 |
| MSFT Microsoft Corp. | Add +6.2% | 0.01% | +0.00 |
| VXUS Vanguard Total Intl Stock | Add +13.1% | 0.01% | +0.00 |
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 |