Ruane, Cunniff & Goldfarb

Q4 2023 13F

As of: Dec 31, 2023
Filed: Feb 13, 2024
US stock: $6.3B · prev $6.0B
Positions: 33 · prev 36
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%

Moves32 since the prior filing

0.0 pp in · 0.0 pp out

New 1 0.00 pp
Added 0 0.00 pp
Trimmed 27 +0.33 pp
Exited 4 −0.32 pp

The book

Concentrated · behaves like 14 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 0.0% a year, more than 30 years per position

Low
Moderate
High

Top 5 positions45% of US stock

ICE Intercontinental Exchange Inc. trimmed+0.99 pp trimmed+0.9911.5%
SCHW The Charles Schwab Corporation trimmed+1.40 pp trimmed+1.409.3%
UNH UNITEDHEALTH GROUP INCORPORATED (Delaware) trimmed−0.17 pp trimmed−0.179.0%
ELV Elevance Health, Inc. trimmed+0.14 pp trimmed+0.148.4%
FWONK Liberty Media Corporation Series C trimmed−0.34 pp trimmed−0.346.8%

Positions33 in this filing · 4 exited


ICEIntercontinental Exchange Inc.	11.50%	5,603,791	$720M	trimmed−3%	+0.99 pp	14 q
SCHWThe Charles Schwab Corporation	9.31%	8,470,156	$583M	trimmed−2%	+1.40 pp	31 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	9.00%	1,069,419	$563M	trimmed−2%	−0.17 pp	17 q
ELVElevance Health, Inc.	8.45%	1,121,643	$529M	trimmed−2%	+0.14 pp	12 q
FWONKLiberty Media Corporation Series C	6.78%	6,722,411	$424M	trimmed−2%	−0.34 pp	2 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	6.77%	4,070,279	$423M	trimmed−3%	+0.72 pp	17 q
COFCapital One Financial	6.76%	3,225,195	$423M	trimmed−2%	+1.44 pp	6 q
GOOGLAlphabet Inc. Class A	6.64%	2,976,113	$416M	trimmed−2%	+0.03 pp	34 q
CACCCredit Acceptance Corp	6.36%	747,356	$398M	trimmed−2%	+0.52 pp	28 q
JJacobs Solutions Inc.	5.81%	2,799,085	$363M	trimmed−2%	−0.68 pp	6 q
KMXCarMax Inc.	5.06%	4,126,906	$317M	trimmed−26%	−1.47 pp	31 q
GOOGAlphabet Inc. Class C	4.01%	1,780,687	$251M	trimmed−5%	−0.09 pp	39 q
LBRDKLiberty Broadband Corporation Class C	4.00%	3,103,016	$250M	trimmed−2%	−0.82 pp	24 q
METAMeta Platforms, Inc. Class A	3.53%	624,010	$221M	trimmed−30%	−0.92 pp	29 q
BRK.BBERKSHIRE HATHAWAY Class B	2.60%	456,279	$163M	trimmed−3%	−0.14 pp	43 q
BRK.ABerkshire Hathaway Inc.	1.46%	168	$91M	trimmed−1%	−0.04 pp	43 q
LBRDALiberty Broadband Corporation Class A	1.00%	774,436	$62M	trimmed−2%	−0.19 pp	24 q
FWONALiberty Media Corporation Series A	0.80%	865,672	$50M	trimmed−3%	−0.03 pp	2 q
ASAIYSendas Distribudra S/	0.03%	139,514	$2M	trimmed−4%	0.00 pp	9 q
EQHEquitable Holdings, Inc.	0.02%	41,007	$1M	trimmed−0%	0.00 pp	13 q
MHKMohawk Industries, Inc.	0.02%	10,790	$1M	held	—	43 q
STLAStellantis N.V.	0.02%	51,697	$1M	trimmed−7%	0.00 pp	12 q
BLDRBuilders FirstSource, Inc.	0.01%	4,700	$784,618	trimmed−19%	0.00 pp	31 q
GPIGroup 1 Automotive, Inc.	0.01%	2,751	$838,340	trimmed−1%	0.00 pp	3 q
ISCViShares Morningstar Small-Cap Value ETF	0.01%	6,380	$377,760	held	—	4 q
LADLithia Motors, Inc.	0.01%	2,361	$777,430	trimmed−1%	0.00 pp	5 q
MSFTMicrosoft Corp	0.00%	692	$260,220	held	—	3 q
MUMicron Technology, Inc.	0.00%	3,162	$269,845	trimmed−54%	−0.01 pp	12 q
NFLXNetFlix Inc	0.00%	615	$299,431	trimmed−49%	−0.01 pp	13 q
RMNIRimini Street, Inc. (DE)	0.00%	19,652	$64,262	trimmed−33%	0.00 pp	10 q
SPGIS&P Global Inc.	0.00%	531	$233,916	new	0.00 pp	new
SBGISinclair, Inc. Class A	0.00%	17,959	$234,006	held	—	16 q
ATAIAtaiBeckley Inc.	0.00%	42,112	$59,378	held	—	4 q
LLYVKLiberty Media Corp-liberty-c	—	−295,040	—	exited	−0.16 pp	—
BATRKAtlanta Braves Holdings, Inc. Series C	—	−224,489	—	exited	−0.13 pp	—
LLYVALiberty Media Corp-liberty-a	—	−37,392	—	exited	−0.02 pp	—
AMZNAmazon.Com Inc	—	−6,020	—	exited	−0.01 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0000919574-24-001097
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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