Ruane, Cunniff & Goldfarb

Q2 2024 13F

As of: Jun 30, 2024
Filed: Aug 13, 2024
US stock: $6.4B · prev $6.4B
Positions: 37 · prev 34
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

+2.3 pp in · −2.3 pp out

New 3 +2.32 pp
Added 3 +0.01 pp
Trimmed 20 −2.30 pp
Exited 0 0.00 pp

The book

Concentrated · behaves like 14 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 9.3% a year, about 10.8 years per position

Low
Moderate
High

Top 5 positions45% of US stock

ICE Intercontinental Exchange Inc. trimmed−0.52 pp trimmed−0.5210.9%
SCHW The Charles Schwab Corporation trimmed−0.19 pp trimmed−0.198.9%
ELV Elevance Health, Inc. trimmed0.00 pp trimmed0.008.7%
TSM Taiwan Semiconductor Manufacturing Company Ltd. trimmed+0.34 pp trimmed+0.348.2%
GOOGL Alphabet Inc. Class A trimmed+1.07 pp trimmed+1.077.9%

Positions37 in this filing · 0 exited


ICEIntercontinental Exchange Inc.	10.90%	5,108,459	$699M	trimmed−5%	−0.52 pp	16 q
SCHWThe Charles Schwab Corporation	8.94%	7,785,057	$574M	trimmed−4%	−0.19 pp	33 q
ELVElevance Health, Inc.	8.65%	1,024,071	$555M	trimmed−5%	0.00 pp	14 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	8.19%	3,023,723	$526M	trimmed−19%	+0.34 pp	19 q
GOOGLAlphabet Inc. Class A	7.88%	2,775,840	$506M	trimmed−4%	+1.07 pp	36 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	7.81%	983,826	$501M	trimmed−4%	−0.08 pp	19 q
FWONKLiberty Media Corporation Series C	6.92%	6,179,575	$444M	trimmed−4%	+0.36 pp	4 q
COFCapital One Financial	6.09%	2,823,544	$391M	trimmed−4%	−0.73 pp	8 q
CACCCredit Acceptance Corp	5.69%	708,927	$365M	trimmed−1%	−0.46 pp	30 q
JJacobs Solutions Inc.	5.61%	2,575,459	$360M	trimmed−4%	−0.80 pp	8 q
METAMeta Platforms, Inc. Class A	4.54%	577,470	$291M	trimmed−4%	+0.01 pp	31 q
KMXCarMax Inc.	4.34%	3,797,441	$279M	trimmed−4%	−1.03 pp	33 q
GOOGAlphabet Inc. Class C	4.27%	1,493,749	$274M	trimmed−6%	+0.53 pp	41 q
BRK.BBERKSHIRE HATHAWAY Class B	2.78%	438,921	$179M	trimmed−3%	−0.16 pp	45 q
LBRDKLiberty Broadband Corporation Class C	2.19%	2,566,228	$141M	trimmed−13%	−0.44 pp	26 q
CHTRCharter Comm Inc Del CL A New	2.12%	454,226	$136M	new	+2.12 pp	new
BRK.ABerkshire Hathaway Inc.	1.32%	138	$84M	trimmed−7%	−0.15 pp	45 q
FWONALiberty Media Corporation Series A	0.81%	813,312	$52M	trimmed−5%	+0.03 pp	4 q
LBRDALiberty Broadband Corporation Class A	0.62%	723,182	$39M	trimmed−6%	−0.06 pp	26 q
EXPDExpeditors International of Washington, Inc.	0.20%	102,132	$13M	new	+0.20 pp	new
EQHEquitable Holdings, Inc.	0.03%	40,889	$2M	held	—	15 q
GPIGroup 1 Automotive, Inc.	0.02%	3,427	$1M	added+23%	+0.01 pp	5 q
MHKMohawk Industries, Inc.	0.02%	10,790	$1M	held	—	45 q
ASAIYSendas Distribudra S/	0.02%	138,282	$1M	held	—	11 q
BLDRBuilders FirstSource, Inc.	0.01%	4,700	$650,527	held	—	33 q
ISCViShares Morningstar Small-Cap Value ETF	0.01%	6,380	$369,466	held	—	6 q
LADLithia Motors, Inc.	0.01%	2,724	$687,674	added+17%	0.00 pp	7 q
NFLXNetFlix Inc	0.01%	615	$415,051	held	—	15 q
STLAStellantis N.V.	0.01%	45,164	$896,505	trimmed−6%	−0.01 pp	14 q
AXPAmerican Express Company	0.00%	932	$215,805	held	—	2 q
GSGoldman Sachs Group Inc.	0.00%	450	$203,544	new	0.00 pp	new
MSFTMicrosoft Corp	0.00%	649	$290,071	held	—	5 q
MUMicron Technology, Inc.	0.00%	2,162	$284,368	trimmed−32%	−0.01 pp	14 q
RMNIRimini Street, Inc. (DE)	0.00%	28,371	$87,099	added+54%	0.00 pp	12 q
SPGIS&P Global Inc.	0.00%	531	$236,826	held	—	3 q
SBGISinclair, Inc. Class A	0.00%	17,959	$239,393	held	—	18 q
ATAIAtaiBeckley Inc.	0.00%	42,112	$56,009	held	—	6 q

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0000919574-24-004556
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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