Ruane, Cunniff & Goldfarb

Q4 2024 13F

As of: Dec 31, 2024
Filed: Feb 13, 2025
US stock: $5.9B · prev $6.4B
Positions: 39 · prev 37
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

+3.5 pp in · −3.5 pp out

New 3 +4.51 pp
Added 3 −1.01 pp
Trimmed 25 −3.52 pp
Exited 1 0.00 pp

The book

Concentrated · behaves like 15 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 22% a year, about 4.6 years per position

Low
Moderate
High

Top 5 positions45% of US stock

ICE Intercontinental Exchange Inc. trimmed−0.44 pp trimmed−0.4412.2%
FWONK Liberty Media Corporation Series C trimmed+1.86 pp trimmed+1.869.2%
SCHW The Charles Schwab Corporation trimmed+1.12 pp trimmed+1.128.7%
GOOGL Alphabet Inc. Class A trimmed+0.77 pp trimmed+0.777.7%
UNH UNITEDHEALTH GROUP INCORPORATED (Delaware) trimmed−1.64 pp trimmed−1.647.2%

Positions39 in this filing · 1 exited


ICEIntercontinental Exchange Inc.	12.16%	4,806,982	$716M	trimmed−4%	−0.44 pp	18 q
FWONKLiberty Media Corporation Series C	9.23%	5,869,410	$544M	trimmed−3%	+1.86 pp	6 q
SCHWThe Charles Schwab Corporation	8.67%	6,903,480	$511M	trimmed−7%	+1.12 pp	35 q
GOOGLAlphabet Inc. Class A	7.69%	2,391,801	$453M	trimmed−10%	+0.77 pp	38 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	7.20%	837,996	$424M	trimmed−13%	−1.64 pp	21 q
ELVElevance Health, Inc.	7.16%	1,143,953	$422M	added+14%	−1.01 pp	16 q
COFCapital One Financial	6.59%	2,177,156	$388M	trimmed−21%	+0.10 pp	10 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	6.48%	1,933,881	$382M	trimmed−33%	−1.41 pp	21 q
CACCCredit Acceptance Corp	5.22%	655,271	$308M	trimmed−4%	+0.49 pp	32 q
METAMeta Platforms, Inc. Class A	5.18%	521,537	$305M	trimmed−8%	+0.10 pp	33 q
ICLRIcon Plc	4.51%	1,265,540	$265M	new	+4.51 pp	new
GOOGAlphabet Inc. Class C	4.50%	1,391,955	$265M	trimmed−5%	+0.68 pp	43 q
LBRDKLiberty Broadband Corporation Class C	3.06%	2,412,168	$180M	trimmed−4%	+0.02 pp	28 q
JJacobs Solutions Inc.	2.75%	1,210,914	$162M	trimmed−52%	−2.43 pp	10 q
BRK.BBERKSHIRE HATHAWAY Class B	2.68%	348,247	$158M	trimmed−20%	−0.45 pp	47 q
CHTRCharter Comm Inc Del CL A New	2.41%	414,122	$142M	trimmed−9%	+0.10 pp	3 q
BRK.ABerkshire Hathaway Inc.	1.46%	126	$86M	trimmed−6%	+0.01 pp	47 q
FWONALiberty Media Corporation Series A	1.07%	748,924	$63M	trimmed−5%	+0.19 pp	6 q
AMTMAmentum Holdings, Inc.	0.87%	2,436,294	$51M	trimmed−4%	−0.41 pp	2 q
LBRDALiberty Broadband Corporation Class A	0.86%	683,406	$51M	trimmed−4%	+0.01 pp	28 q
KMXCarMax Inc.	0.04%	27,571	$2M	trimmed−98%	−2.17 pp	35 q
EXPDExpeditors International of Washington, Inc.	0.04%	21,902	$2M	trimmed−36%	−0.03 pp	3 q
EQHEquitable Holdings, Inc.	0.03%	40,832	$2M	trimmed−0%	0.00 pp	17 q
GPIGroup 1 Automotive, Inc.	0.02%	3,369	$1M	trimmed−1%	0.00 pp	7 q
LADLithia Motors, Inc.	0.02%	2,716	$970,780	trimmed−0%	+0.01 pp	9 q
BLDRBuilders FirstSource, Inc.	0.01%	4,700	$671,771	held	—	35 q
ISCViShares Morningstar Small-Cap Value ETF	0.01%	6,380	$404,556	held	—	8 q
NFLXNetFlix Inc	0.01%	606	$540,140	held	—	17 q
ASAIYSendas Distribudra S/	0.01%	152,478	$681,577	added+1%	−0.01 pp	13 q
VTIVanguard Morningstar Total Stock Market ETF	0.01%	1,158	$335,600	added+9%	+0.01 pp	2 q
STLAStellantis N.V.	0.01%	51,633	$673,811	trimmed−0%	0.00 pp	16 q
AXPAmerican Express Company	0.00%	932	$276,608	held	—	4 q
AAPLApple Inc.	0.00%	821	$205,595	new	0.00 pp	new
MSFTMicrosoft Corp	0.00%	649	$273,554	held	—	7 q
RMNIRimini Street, Inc. (DE)	0.00%	37,955	$101,340	trimmed−0%	0.00 pp	14 q
SPGIS&P Global Inc.	0.00%	531	$264,454	held	—	5 q
SBGISinclair, Inc. Class A	0.00%	17,959	$289,858	held	—	20 q
ATAIAtaiBeckley Inc.	0.00%	42,112	$56,009	held	—	8 q
CPACopa Holdings, S.A.	0.00%	2,555	$224,533	new	0.00 pp	new
MUMicron Technology, Inc.	—	−2,162	—	exited	0.00 pp	—