Ruane, Cunniff & Goldfarb L.P.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Ruane, Cunniff & Goldfarb L.P. reported 47 stock positions worth $6.0 billion. Its top holding was Schwab (charles) (SCHW) at 10.0% of the portfolio, followed by Liberty Media Class C (FWONK, 9.6%) and Alphabet Class A (GOOGL, 9.5%). Compared with Q2 2025, it opened 5 new positions, sold out of 3, added to 8 and reduced 24. The biggest buy was Msa Safety (MSA, shares +80%) and the biggest sale Jacobs Solutions (J, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001720792
- Portfolio Value
- $6.0B (Q3 2025)
- SEC Filing
- 0000919574-25-006759 ↗ filed Nov 14, 2025
Holdings Value
Holdings 47 stocks · $6.0B
| SCHW Schwab (charles) Corp. | 9.99% | 6,315,561 | $602.9M | Reduce -4.3% |
| FWONK Liberty Media Corp. Class C | 9.64% | 5,568,989 | $581.7M | Reduce -0.8% |
| GOOGL Alphabet Inc. Class A | 9.49% | 2,356,719 | $572.9M | Reduce -0.4% |
| TSM Taiwan Semiconductor-SP ADR | 8.71% | 1,881,721 | $525.5M | Reduce -1.9% |
| ELV Elevance Health Inc. | 7.75% | 1,448,283 | $468.0M | Add +32.2% |
| ICE Intercontinental Exchange Inc. | 7.66% | 2,743,291 | $462.2M | Reduce -0.9% |
| COF Capital One Financial Corp. | 7.39% | 2,098,124 | $446.0M | Reduce -0.9% |
| GOOG Alphabet Inc. Class C | 5.06% | 1,254,571 | $305.6M | Reduce -2.5% |
| ICLR Icon PLC | 4.93% | 1,700,994 | $297.7M | Reduce -0.4% |
| MSA Msa Safety Inc. | 4.86% | 1,705,286 | $293.4M | Add +79.7% |
| CACC Credit Acceptance Corp. | 4.48% | 578,459 | $270.1M | Reduce -0.9% |
| UNH Unitedhealth Group Inc. | 4.34% | 758,223 | $261.8M | Reduce -0.7% |
| META Meta Platforms Inc. Class A | 2.97% | 244,021 | $179.2M | Reduce -38.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.69% | 322,552 | $162.2M | Reduce -1.3% |
| LBRDK Liberty Broadband-C | 1.97% | 1,874,237 | $119.1M | Reduce -0.8% |
| CHTR Charter Communications Inc. Class A | 1.70% | 373,432 | $102.7M | Reduce -3.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.46% | 117 | $88.2M | No change |
| TECH Bio-Techne Corp. | 1.36% | 1,473,755 | $82.0M | Add +866.9% |
| FWONA Liberty Media Corp. Class A | 1.17% | 742,310 | $70.7M | Reduce -0.8% |
| AMTM Amentum Holdings Inc. | 0.96% | 2,423,748 | $58.0M | Reduce -0.7% |
| LBRDA Liberty Broadband-A | 0.70% | 669,160 | $42.4M | Add +0.1% |
| GLIBK Liberty Capital Corp. Class C filed as GCI LIBERTY INC | 0.23% | 374,670 | $14.0M | Reduce -0.8% |
| SAP Sap SE-Sponsored ADR | 0.20% | 46,000 | $12.3M | New |
| GLIBA Liberty Capital Corp. filed as GCI LIBERTY INC | 0.08% | 133,200 | $5.0M | Reduce -0.4% |
| EQH Equitable Holdings Inc. | 0.03% | 40,636 | $2.1M | Reduce -0.2% |
| GPI Group 1 Automotive Inc. | 0.03% | 3,610 | $1.6M | Add +7.8% |
| J Jacobs Solutions Inc. | 0.02% | 9,349 | $1.4M | Reduce -99.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.01% | 2,647 | $869K | Add +3.8% |
| LAD Lithia Motors Inc. | 0.01% | 2,716 | $858K | No change |
| NFLX Netflix Inc. | 0.01% | 604 | $724K | Reduce -0.3% |
| VXUS Vanguard Total Intl Stock | 0.01% | 5,301 | $389K | Add +13.7% |
| MU Micron Technology Inc. | 0.01% | 2,162 | $362K | No change |
| MSFT Microsoft Corp. | 0.01% | 689 | $357K | No change |
| AXP American Express Co. | 0.01% | 932 | $310K | No change |
| CPA Copa Holdings SA Class A | 0.01% | 2,555 | $304K | No change |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.01% | 3,712 | $303K | New |
| SBGI Sinclair Inc. | 0.00% | 17,959 | $271K | No change |
| SPGI S&P Global Inc. | 0.00% | 531 | $258K | No change |
| STLA Stellantis NV | 0.00% | 27,313 | $255K | Reduce -31.2% |
| AAPL Apple Inc. | 0.00% | 891 | $227K | New |
| FERG Ferguson Enterprises Inc. | 0.00% | 1,000 | $225K | No change |
| DG Dollar General Corp. | 0.00% | 2,170 | $224K | Add +1.2% |
| ATAIBECKLEY INC filed as ATAI LIFE SCIENCES NV | 0.00% | 42,112 | $223K | No change |
| BLK BlackRock Inc. | 0.00% | 186 | $217K | New |
| SDHC Smith Douglas Homes Corp. | 0.00% | 12,209 | $216K | New |
| KMX Carmax Inc. | 0.00% | 4,469 | $201K | Reduce -28.8% |
| RMNI Rimini Street Inc. | 0.00% | 37,141 | $174K | Reduce -2.1% |
Portfolio Sells Q2 2025 → Q3 2025
| J Jacobs Solutions Inc. | Reduce -99.1% | 0.02% | −2.39 |
| META Meta Platforms Inc. Class A | Reduce -38.6% | 2.97% | −2.06 |
| LBRDK Liberty Broadband-C | Reduce -0.8% | 1.97% | −1.21 |
| ICE Intercontinental Exchange Inc. | Reduce -0.9% | 7.66% | −1.05 |
| CHTR Charter Communications Inc. Class A | Reduce -3.4% | 1.70% | −1.01 |
| CACC Credit Acceptance Corp. | Reduce -0.9% | 4.48% | −0.63 |
| FWONK Liberty Media Corp. Class C | Reduce -0.8% | 9.64% | −0.41 |
| COF Capital One Financial Corp. | Reduce -0.9% | 7.39% | −0.33 |
| SCHW Schwab (charles) Corp. | Reduce -4.3% | 9.99% | −0.33 |
| FWONA Liberty Media Corp. Class A | Reduce -0.8% | 1.17% | −0.05 |
| EXPD Expeditors Intl Wash Inc. | Sold out | 0.00% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.3% | 2.69% | −0.04 |
| AMTM Amentum Holdings Inc. | Reduce -0.7% | 0.96% | −0.03 |
| GLIBK Liberty Capital Corp. Class C | Reduce -0.8% | 0.23% | −0.01 |
| VOO Vanguard S&P 500 ETF | Sold out | 0.00% | −0.01 |
| EQH Equitable Holdings Inc. | Reduce -0.2% | 0.03% | −0.01 |
| KMX Carmax Inc. | Reduce -28.8% | 0.00% | −0.00 |
| RSG Republic Services Inc. | Sold out | 0.00% | −0.00 |
| GLIBA Liberty Capital Corp. | Reduce -0.4% | 0.08% | −0.00 |
| STLA Stellantis NV | Reduce -31.2% | 0.00% | −0.00 |
| NFLX Netflix Inc. | Reduce -0.3% | 0.01% | −0.00 |
| RMNI Rimini Street Inc. | Reduce -2.1% | 0.00% | +0.00 |
| UNH Unitedhealth Group Inc. | Reduce -0.7% | 4.34% | +0.25 |
| ICLR Icon PLC | Reduce -0.4% | 4.93% | +0.67 |
| GOOG Alphabet Inc. Class C | Reduce -2.5% | 5.06% | +1.15 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -1.9% | 8.71% | +1.26 |
| GOOGL Alphabet Inc. Class A | Reduce -0.4% | 9.49% | +2.34 |
Portfolio Buys Q2 2025 → Q3 2025
| MSA Msa Safety Inc. | Add +79.7% | 4.86% | +2.14 |
| TECH Bio-Techne Corp. | Add +866.9% | 1.36% | +1.22 |
| ELV Elevance Health Inc. | Add +32.2% | 7.75% | +0.45 |
| SAP Sap SE-Sponsored ADR | New | 0.20% | +0.20 |
| KSPI JSC Kaspi.kz ADR | New | 0.01% | +0.01 |
| AAPL Apple Inc. | New | 0.00% | +0.00 |
| BLK BlackRock Inc. | New | 0.00% | +0.00 |
| SDHC Smith Douglas Homes Corp. | New | 0.00% | +0.00 |
| GPI Group 1 Automotive Inc. | Add +7.8% | 0.03% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +3.8% | 0.01% | +0.00 |
| VXUS Vanguard Total Intl Stock | Add +13.7% | 0.01% | +0.00 |
| DG Dollar General Corp. | Add +1.2% | 0.00% | −0.00 |
| LBRDA Liberty Broadband-A | Add +0.1% | 0.70% | −0.42 |
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 |