Ruane, Cunniff & Goldfarb

Q1 2024 13F

As of: Mar 31, 2024
Filed: May 14, 2024
US stock: $6.4B · prev $6.3B
Positions: 34 · prev 33
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%

Moves26 since the prior filing

0.0 pp in · −0.0 pp out

New 1 0.00 pp
Added 1 0.00 pp
Trimmed 24 −0.01 pp
Exited 0 0.00 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−0.08 pp trimmed−0.0811.4%
SCHW The Charles Schwab Corporation trimmed−0.18 pp trimmed−0.189.1%
ELV Elevance Health, Inc. trimmed+0.20 pp trimmed+0.208.7%
UNH UNITEDHEALTH GROUP INCORPORATED (Delaware) trimmed−1.11 pp trimmed−1.117.9%
TSM Taiwan Semiconductor Manufacturing Company Ltd. trimmed+1.08 pp trimmed+1.087.8%

Positions34 in this filing · 0 exited


ICEIntercontinental Exchange Inc.	11.42%	5,354,303	$736M	trimmed−4%	−0.08 pp	15 q
SCHWThe Charles Schwab Corporation	9.13%	8,132,643	$588M	trimmed−4%	−0.18 pp	32 q
ELVElevance Health, Inc.	8.65%	1,074,685	$557M	trimmed−4%	+0.20 pp	13 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	7.89%	1,027,863	$508M	trimmed−4%	−1.11 pp	18 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	7.85%	3,716,650	$506M	trimmed−9%	+1.08 pp	18 q
COFCapital One Financial	6.82%	2,952,729	$440M	trimmed−8%	+0.06 pp	7 q
GOOGLAlphabet Inc. Class A	6.81%	2,904,857	$438M	trimmed−2%	+0.17 pp	35 q
FWONKLiberty Media Corporation Series C	6.56%	6,438,428	$422M	trimmed−4%	−0.22 pp	3 q
JJacobs Solutions Inc.	6.41%	2,687,568	$413M	trimmed−4%	+0.60 pp	7 q
CACCCredit Acceptance Corp	6.15%	718,040	$396M	trimmed−4%	−0.21 pp	29 q
KMXCarMax Inc.	5.37%	3,968,078	$346M	trimmed−4%	+0.31 pp	32 q
METAMeta Platforms, Inc. Class A	4.53%	600,710	$292M	trimmed−4%	+1.00 pp	30 q
GOOGAlphabet Inc. Class C	3.74%	1,580,745	$241M	trimmed−11%	−0.27 pp	40 q
BRK.BBERKSHIRE HATHAWAY Class B	2.94%	450,522	$189M	trimmed−1%	+0.34 pp	44 q
LBRDKLiberty Broadband Corporation Class C	2.63%	2,960,299	$169M	trimmed−5%	−1.37 pp	25 q
BRK.ABerkshire Hathaway Inc.	1.47%	149	$95M	trimmed−11%	+0.01 pp	44 q
FWONALiberty Media Corporation Series A	0.78%	856,558	$50M	trimmed−1%	−0.02 pp	3 q
LBRDALiberty Broadband Corporation Class A	0.68%	766,130	$44M	trimmed−1%	−0.32 pp	25 q
ASAIYSendas Distribudra S/	0.03%	138,282	$2M	trimmed−1%	0.00 pp	10 q
BLDRBuilders FirstSource, Inc.	0.02%	4,700	$980,185	held	—	32 q
EQHEquitable Holdings, Inc.	0.02%	40,889	$2M	trimmed−0%	0.00 pp	14 q
MHKMohawk Industries, Inc.	0.02%	10,790	$1M	held	—	44 q
STLAStellantis N.V.	0.02%	48,160	$1M	trimmed−7%	0.00 pp	13 q
GPIGroup 1 Automotive, Inc.	0.01%	2,784	$813,568	added+1%	0.00 pp	4 q
ISCViShares Morningstar Small-Cap Value ETF	0.01%	6,380	$390,456	held	—	5 q
LADLithia Motors, Inc.	0.01%	2,331	$701,305	trimmed−1%	0.00 pp	6 q
MUMicron Technology, Inc.	0.01%	3,162	$372,768	held	—	13 q
NFLXNetFlix Inc	0.01%	615	$373,508	held	—	14 q
AXPAmerican Express Company	0.00%	932	$212,207	new	0.00 pp	new
MSFTMicrosoft Corp	0.00%	649	$273,047	trimmed−6%	0.00 pp	4 q
RMNIRimini Street, Inc. (DE)	0.00%	18,371	$59,889	trimmed−7%	0.00 pp	11 q
SPGIS&P Global Inc.	0.00%	531	$225,914	held	—	2 q
SBGISinclair, Inc. Class A	0.00%	17,959	$241,908	held	—	17 q
ATAIAtaiBeckley Inc.	0.00%	42,112	$82,961	held	—	5 q

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0000919574-24-002995
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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