Ruane, Cunniff & Goldfarb

Q1 2026 13F

As of: Mar 31, 2026
Filed: May 14, 2026
US stock: $6.0B · prev $6.4B
Positions: 50 · prev 48
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%

Moves46 since the prior filing

+14.2 pp in · −14.2 pp out

New 4 +10.70 pp
Added 10 +3.54 pp
Trimmed 30 −14.23 pp
Exited 2 −0.01 pp

The book

Concentrated · behaves like 18 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 40% a year, about 2.5 years per position

Low
Moderate
High

Top 5 positions39% of US stock

GOOGL Alphabet Inc. Class A trimmed−0.53 pp trimmed−0.5310.1%
FWONK Liberty Media Corporation Series C trimmed−0.89 pp trimmed−0.897.6%
SCHW The Charles Schwab Corporation trimmed−1.38 pp trimmed−1.387.3%
ICE Intercontinental Exchange Inc. trimmed+0.05 pp trimmed+0.056.9%
TSM Taiwan Semiconductor Manufacturing Company Ltd. trimmed+0.02 pp trimmed+0.026.8%

Positions50 in this filing · 2 exited


GOOGLAlphabet Inc. Class A	10.10%	2,117,644	$609M	trimmed−3%	−0.53 pp	43 q
FWONKLiberty Media Corporation Series C	7.56%	5,357,168	$455M	trimmed−2%	−0.89 pp	11 q
SCHWThe Charles Schwab Corporation	7.35%	4,714,780	$443M	trimmed−16%	−1.38 pp	40 q
ICEIntercontinental Exchange Inc.	6.89%	2,639,372	$415M	trimmed−2%	+0.05 pp	23 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	6.77%	1,208,419	$408M	trimmed−15%	+0.02 pp	26 q
ELVElevance Health, Inc.	6.74%	1,387,968	$406M	trimmed−2%	−1.05 pp	21 q
COFCapital One Financial	6.11%	2,017,807	$368M	trimmed−2%	−1.72 pp	15 q
SUNBSunbelt Rentals Holdings, Inc.	5.93%	5,488,261	$357M	new	+5.93 pp	new
MSAMine Safety Incorporated	4.83%	1,776,282	$291M	trimmed−2%	+0.30 pp	4 q
ZTSZoetis Inc.	4.76%	2,425,010	$287M	new	+4.76 pp	new
GOOGAlphabet Inc. Class C	4.52%	950,394	$273M	trimmed−17%	−1.08 pp	48 q
ALGNAlign Technology Inc	3.43%	1,206,535	$207M	trimmed−1%	+0.45 pp	2 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	3.27%	728,407	$197M	trimmed−2%	−0.58 pp	26 q
ACNAccenture PLC	3.05%	928,204	$184M	trimmed−2%	−0.90 pp	2 q
ICLRIcon Plc	3.00%	1,634,611	$181M	trimmed−3%	−1.78 pp	6 q
TECHBio-Techne Corp.	2.94%	3,392,001	$177M	added×2.3	+1.59 pp	4 q
BRK.BBERKSHIRE HATHAWAY Class B	2.47%	310,388	$149M	trimmed−2%	−0.01 pp	52 q
SAPSap SE	2.13%	749,909	$128M	added×16.3	+1.96 pp	3 q
METAMeta Platforms, Inc. Class A	1.91%	201,147	$115M	trimmed−16%	−0.55 pp	38 q
BRK.ABerkshire Hathaway Inc.	1.31%	110	$79M	trimmed−4%	−0.05 pp	52 q
CACCCredit Acceptance Corp	1.03%	146,203	$62M	trimmed−73%	−2.68 pp	37 q
LBRDKLiberty Broadband Corporation Class C	0.97%	1,163,448	$59M	trimmed−37%	−0.43 pp	33 q
FWONALiberty Media Corporation Series A	0.94%	723,842	$57M	trimmed−2%	−0.09 pp	11 q
AMTMAmentum Holdings, Inc.	0.70%	1,622,982	$42M	trimmed−32%	−0.38 pp	7 q
CHTRCharter Comm Inc Del CL A New	0.55%	152,563	$33M	trimmed−58%	−0.63 pp	8 q
GLIBKLiberty Capital Corporation Series C GCI Group	0.31%	506,727	$19M	trimmed−6%	0.00 pp	3 q
LBRDALiberty Broadband Corporation Class A	0.19%	223,760	$11M	trimmed−66%	−0.30 pp	33 q
GLIBALiberty Capital Corporation Series A GCI Group	0.08%	127,548	$5M	trimmed−3%	0.00 pp	3 q
EQHEquitable Holdings, Inc.	0.02%	40,459	$2M	trimmed−0%	−0.01 pp	22 q
GPIGroup 1 Automotive, Inc.	0.02%	4,013	$1M	added+11%	0.00 pp	12 q
GMEDGlobus Medical Inc	0.01%	6,008	$517,649	new	+0.01 pp	new
JJacobs Solutions Inc.	0.01%	6,288	$800,337	trimmed−3%	0.00 pp	15 q
KSPIJoint Stock Company Kaspi.kz American Depository Shares	0.01%	4,083	$302,428	trimmed−1%	0.00 pp	3 q
LADLithia Motors, Inc.	0.01%	2,988	$746,163	trimmed−2%	−0.01 pp	14 q
MUMicron Technology, Inc.	0.01%	2,162	$730,410	held	—	4 q
NFLXNetFlix Inc	0.01%	8,091	$777,950	added+55%	0.00 pp	22 q
VXUSVanguard Total International Stock ETF	0.01%	5,912	$455,874	added+9%	0.00 pp	5 q
VTIVanguard Morningstar Total Stock Market ETF	0.01%	2,748	$881,586	added+3%	0.00 pp	7 q
AXPAmerican Express Company	0.00%	932	$281,911	held	—	9 q
AAPLApple Inc.	0.00%	961	$243,892	added+8%	0.00 pp	3 q
ATAIAtaiBeckley Inc.	0.00%	42,112	$149,076	new	0.00 pp	new
DGDollar General Corp.	0.00%	2,188	$259,781	added+1%	0.00 pp	4 q
FERGFerguson Enterprises Inc.	0.00%	1,000	$233,260	held	—	4 q
MSFTMicrosoft Corp	0.00%	737	$272,815	added+7%	−0.01 pp	12 q
RMNIRimini Street, Inc. (DE)	0.00%	35,265	$115,669	trimmed−5%	0.00 pp	19 q
SPGIS&P Global Inc.	0.00%	531	$225,856	held	—	10 q
SBGISinclair, Inc. Class A	0.00%	17,959	$232,389	held	—	25 q
SDHCSmith Douglas Homes Corp.	0.00%	14,490	$185,472	added+19%	0.00 pp	3 q
STLAStellantis N.V.	0.00%	25,075	$177,782	trimmed−2%	0.00 pp	21 q
CPACopa Holdings, S.A.	0.00%	2,555	$290,274	held	—	6 q
RSPCInvesco Exchange-Traded Fund Trust Invesco S&P 500 Equal Weight Communication Services ETF	—	−11,029	—	exited	−0.01 pp	—
VTVanguard Total World Stock ETF	—	−1,426	—	exited	0.00 pp	—