Ruane, Cunniff & Goldfarb L.P.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Ruane, Cunniff & Goldfarb L.P. reported 48 stock positions worth $6.4 billion. Its top holding was Alphabet Class A (GOOGL) at 10.6% of the portfolio, followed by Schwab (charles) (SCHW, 8.7%) and Liberty Media Class C (FWONK, 8.4%). Compared with Q3 2025, it opened 4 new positions, sold out of 3, added to 6 and reduced 25. The biggest buy was a new position in Accenture Class A (ACN) and the biggest sale Taiwan Semiconductor-SP ADR (TSM, shares −24%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001720792
- Portfolio Value
- $6.4B (Q4 2025)
- SEC Filing
- 0000919574-26-000775 ↗ filed Feb 13, 2026
Holdings Value
Holdings 48 stocks · $6.4B
| GOOGL Alphabet Inc. Class A | 10.63% | 2,174,821 | $680.7M | Reduce -7.7% |
| SCHW Schwab (charles) Corp. | 8.73% | 5,594,948 | $559.0M | Reduce -11.4% |
| FWONK Liberty Media Corp. Class C | 8.45% | 5,491,118 | $540.9M | Reduce -1.4% |
| COF Capital One Financial Corp. | 7.83% | 2,068,023 | $501.2M | Reduce -1.4% |
| ELV Elevance Health Inc. | 7.79% | 1,422,506 | $498.7M | Reduce -1.8% |
| ICE Intercontinental Exchange Inc. | 6.84% | 2,703,907 | $437.9M | Reduce -1.4% |
| TSM Taiwan Semiconductor-SP ADR | 6.75% | 1,421,721 | $432.0M | Reduce -24.4% |
| GOOG Alphabet Inc. Class C | 5.60% | 1,142,353 | $358.5M | Reduce -8.9% |
| ICLR Icon PLC | 4.78% | 1,679,590 | $306.1M | Reduce -1.3% |
| MSA Msa Safety Inc. | 4.53% | 1,811,635 | $290.1M | Add +6.2% |
| ACN Accenture PLC Class A | 3.95% | 943,420 | $253.1M | New |
| UNH Unitedhealth Group Inc. | 3.85% | 745,999 | $246.3M | Reduce -1.6% |
| CACC Credit Acceptance Corp. | 3.71% | 536,132 | $237.8M | Reduce -7.3% |
| ALGN Align Technology Inc. | 2.98% | 1,222,534 | $190.9M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 2.48% | 316,106 | $158.9M | Reduce -2.0% |
| META Meta Platforms Inc. Class A | 2.46% | 239,018 | $157.8M | Reduce -2.0% |
| LBRDK Liberty Broadband-C | 1.40% | 1,841,624 | $89.5M | Reduce -1.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.36% | 115 | $86.8M | Reduce -1.7% |
| TECH Bio-Techne Corp. | 1.35% | 1,465,935 | $86.2M | Reduce -0.5% |
| CHTR Charter Communications Inc. Class A | 1.18% | 362,000 | $75.6M | Reduce -3.1% |
| AMTM Amentum Holdings Inc. | 1.08% | 2,394,129 | $69.4M | Reduce -1.2% |
| FWONA Liberty Media Corp. Class A | 1.03% | 738,880 | $66.0M | Reduce -0.5% |
| LBRDA Liberty Broadband-A | 0.49% | 652,780 | $31.5M | Reduce -2.5% |
| GLIBK Liberty Capital Corp. Class C filed as GCI LIBERTY INC | 0.31% | 539,071 | $20.1M | Add +43.9% |
| SAP Sap SE-Sponsored ADR | 0.17% | 45,927 | $11.2M | Reduce -0.2% |
| GLIBA Liberty Capital Corp. filed as GCI LIBERTY INC | 0.08% | 131,168 | $4.8M | Reduce -1.5% |
| EQH Equitable Holdings Inc. | 0.03% | 40,636 | $1.9M | No change |
| GPI Group 1 Automotive Inc. | 0.02% | 3,610 | $1.4M | No change |
| LAD Lithia Motors Inc. | 0.02% | 3,049 | $1.0M | Add +12.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.01% | 2,678 | $898K | Add +1.2% |
| J Jacobs Solutions Inc. | 0.01% | 6,487 | $859K | Reduce -30.6% |
| MU Micron Technology Inc. | 0.01% | 2,162 | $617K | No change |
| NFLX Netflix Inc. | 0.01% | 5,220 | $489K | Reduce -13.6% |
| RSPC Invesco S&P 500 Equal Weig C | 0.01% | 11,029 | $439K | New |
| VXUS Vanguard Total Intl Stock | 0.01% | 5,438 | $410K | Add +2.6% |
| AXP American Express Co. | 0.01% | 932 | $345K | No change |
| MSFT Microsoft Corp. | 0.01% | 689 | $333K | No change |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.01% | 4,112 | $321K | Add +10.8% |
| CPA Copa Holdings SA Class A | 0.00% | 2,555 | $308K | No change |
| DG Dollar General Corp. | 0.00% | 2,170 | $288K | No change |
| STLA Stellantis NV | 0.00% | 25,581 | $279K | Reduce -6.3% |
| SPGI S&P Global Inc. | 0.00% | 531 | $277K | No change |
| SBGI Sinclair Inc. | 0.00% | 17,959 | $275K | No change |
| AAPL Apple Inc. | 0.00% | 891 | $242K | No change |
| FERG Ferguson Enterprises Inc. | 0.00% | 1,000 | $223K | No change |
| SDHC Smith Douglas Homes Corp. | 0.00% | 12,209 | $205K | No change |
| VT Vanguard Tot World STK ETF | 0.00% | 1,426 | $201K | New |
| RMNI Rimini Street Inc. | 0.00% | 37,141 | $144K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| TSM Taiwan Semiconductor-SP ADR | Reduce -24.4% | 6.75% | −1.96 |
| SCHW Schwab (charles) Corp. | Reduce -11.4% | 8.73% | −1.26 |
| FWONK Liberty Media Corp. Class C | Reduce -1.4% | 8.45% | −1.19 |
| ICE Intercontinental Exchange Inc. | Reduce -1.4% | 6.84% | −0.82 |
| CACC Credit Acceptance Corp. | Reduce -7.3% | 3.71% | −0.76 |
| LBRDK Liberty Broadband-C | Reduce -1.7% | 1.40% | −0.58 |
| CHTR Charter Communications Inc. Class A | Reduce -3.1% | 1.18% | −0.52 |
| META Meta Platforms Inc. Class A | Reduce -2.0% | 2.46% | −0.50 |
| UNH Unitedhealth Group Inc. | Reduce -1.6% | 3.85% | −0.49 |
| LBRDA Liberty Broadband-A | Reduce -2.5% | 0.49% | −0.21 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.0% | 2.48% | −0.20 |
| ICLR Icon PLC | Reduce -1.3% | 4.78% | −0.15 |
| FWONA Liberty Media Corp. Class A | Reduce -0.5% | 1.03% | −0.14 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -1.7% | 1.36% | −0.11 |
| SAP Sap SE-Sponsored ADR | Reduce -0.2% | 0.17% | −0.03 |
| TECH Bio-Techne Corp. | Reduce -0.5% | 1.35% | −0.01 |
| J Jacobs Solutions Inc. | Reduce -30.6% | 0.01% | −0.01 |
| GLIBA Liberty Capital Corp. | Reduce -1.5% | 0.08% | −0.01 |
| NFLX Netflix Inc. | Reduce -13.6% | 0.01% | −0.00 |
| ATAIBECKLEY INC | Sold out | 0.00% | −0.00 |
| BLK BlackRock Inc. | Sold out | 0.00% | −0.00 |
| KMX Carmax Inc. | Sold out | 0.00% | −0.00 |
| STLA Stellantis NV | Reduce -6.3% | 0.00% | +0.00 |
| ELV Elevance Health Inc. | Reduce -1.8% | 7.79% | +0.04 |
| AMTM Amentum Holdings Inc. | Reduce -1.2% | 1.08% | +0.12 |
| COF Capital One Financial Corp. | Reduce -1.4% | 7.83% | +0.44 |
| GOOG Alphabet Inc. Class C | Reduce -8.9% | 5.60% | +0.54 |
| GOOGL Alphabet Inc. Class A | Reduce -7.7% | 10.63% | +1.14 |
Portfolio Buys Q3 2025 → Q4 2025
| ACN Accenture PLC Class A | New | 3.95% | +3.95 |
| ALGN Align Technology Inc. | New | 2.98% | +2.98 |
| GLIBK Liberty Capital Corp. Class C | Add +43.9% | 0.31% | +0.08 |
| RSPC Invesco S&P 500 Equal Weig C | New | 0.01% | +0.01 |
| VT Vanguard Tot World STK ETF | New | 0.00% | +0.00 |
| LAD Lithia Motors Inc. | Add +12.3% | 0.02% | +0.00 |
| KSPI JSC Kaspi.kz ADR | Add +10.8% | 0.01% | 0.00 |
| VXUS Vanguard Total Intl Stock | Add +2.6% | 0.01% | 0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +1.2% | 0.01% | −0.00 |
| MSA Msa Safety Inc. | Add +6.2% | 4.53% | −0.33 |
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 |