Ruane, Cunniff & Goldfarb

Q4 2022 13F

As of: Dec 31, 2022
Filed: Feb 13, 2023
US stock: $6.4B · prev $6.7B
Positions: 32 · prev 31
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves28 since the prior filing

0.0 pp in · −0.0 pp out

New 2 +0.02 pp
Added 4 +0.01 pp
Trimmed 21 +2.26 pp
Exited 1 −2.27 pp

The book

Concentrated · behaves like 15 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 0.1% a year, more than 30 years per position

Low
Moderate
High

Top 5 positions45% of US stock

SCHW The Charles Schwab Corporation trimmed+1.67 pp trimmed+1.6711.0%
ICE Intercontinental Exchange Inc. trimmed+1.34 pp trimmed+1.3410.0%
UNH UNITEDHEALTH GROUP INCORPORATED (Delaware) trimmed−0.54 pp trimmed−0.549.4%
FWONK Liberty Media Corporation Series C Liberty Formula One trimmed+0.13 pp trimmed+0.138.2%
ELV Elevance Health, Inc. trimmed−0.05 pp trimmed−0.056.6%

Positions32 in this filing · 1 exited


SCHWThe Charles Schwab Corporation	10.98%	8,439,564	$703M	trimmed−3%	+1.67 pp	27 q
ICEIntercontinental Exchange Inc.	9.96%	6,212,039	$637M	trimmed−3%	+1.34 pp	10 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	9.36%	1,129,622	$599M	trimmed−14%	−0.54 pp	13 q
FWONKLiberty Media Corporation Series C Liberty Formula One	8.20%	8,784,381	$525M	trimmed−5%	+0.13 pp	25 q
ELVElevance Health, Inc.	6.62%	826,523	$424M	trimmed−16%	−0.05 pp	8 q
KMXCarMax Inc.	5.97%	6,271,401	$382M	trimmed−3%	−0.37 pp	27 q
CACCCredit Acceptance Corp	5.92%	798,731	$379M	trimmed−3%	+0.57 pp	24 q
METAMeta Platforms, Inc. Class A	5.57%	2,963,720	$357M	trimmed−3%	−0.60 pp	25 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	5.24%	4,504,162	$336M	trimmed−3%	+0.50 pp	13 q
JJacobs Solutions Inc.	5.06%	2,697,117	$324M	trimmed−3%	+0.58 pp	2 q
GOOGLAlphabet Inc. Class A	4.94%	3,581,758	$316M	trimmed−2%	−0.27 pp	30 q
COFCapital One Financial	3.99%	2,747,356	$255M	trimmed−3%	+0.12 pp	2 q
MUMicron Technology, Inc.	3.72%	4,765,452	$238M	trimmed−3%	+0.06 pp	8 q
GOOGAlphabet Inc. Class C	2.98%	2,151,988	$191M	trimmed−6%	−0.28 pp	35 q
NFLXNetFlix Inc	2.90%	629,259	$186M	trimmed−49%	−1.39 pp	9 q
LBRDKLiberty Broadband Corporation Class C	2.78%	2,334,429	$178M	trimmed−4%	+0.13 pp	20 q
BRK.BBERKSHIRE HATHAWAY Class B	2.46%	509,192	$157M	trimmed−2%	+0.39 pp	39 q
BRK.ABerkshire Hathaway Inc.	1.38%	188	$88M	trimmed−6%	+0.18 pp	39 q
LBRDALiberty Broadband Corporation Class A	0.99%	835,640	$63M	trimmed−2%	+0.05 pp	20 q
LM05Liberty Media Corp-liberty-a	0.82%	985,377	$53M	trimmed−2%	+0.03 pp	25 q
BLDRBuilders FirstSource, Inc.	0.05%	45,002	$3M	trimmed−2%	+0.01 pp	27 q
ASAIYSendas Distribudra S/	0.03%	101,069	$2M	added+1%	+0.01 pp	5 q
AMZNAmazon.Com Inc	0.02%	13,140	$1M	held	—	25 q
EQHEquitable Holdings, Inc.	0.02%	33,972	$974,996	held	—	9 q
MHKMohawk Industries, Inc.	0.02%	10,833	$1M	held	—	39 q
IVViShares Core S&P 500 ETF	0.01%	2,460	$945,157	new	+0.01 pp	new
LADLithia Motors, Inc.	0.01%	2,061	$421,969	new	+0.01 pp	new
STLAStellantis N.V.	0.01%	54,617	$775,561	added+7%	0.00 pp	8 q
ANGIAngi Inc. Class A	0.00%	32,383	$76,100	added+40%	0.00 pp	12 q
OPENOpendoor Technologies Inc	0.00%	17,500	$20,300	held	—	6 q
RMNIRimini Street, Inc. (DE)	0.00%	30,438	$115,969	added0%	0.00 pp	6 q
SBGISinclair, Inc. Class A	0.00%	17,719	$274,822	held	—	12 q
WWayfair Inc.	—	−4,685,292	—	exited	−2.27 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0000919574-23-001107
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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