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Sell-out Update from Ruane, Cunniff & Goldfarb

May 30, 2013 | About:
Sally Jones

Sally Jones

49 followers
Managed by Ruane, Cunniff & Goldfarb Inc., the Sequoia Fund's investment objective is long-term capital growth. To that end, the fund focuses on undervalued common stocks that have growth potential. The recently updated portfolio of Ruane, Cunniff & Goldfarb Inc. lists 143 stocks, five of them new, with a total value of $15.18 billion and a quarter-over-quarter turnover of 1%. The portfolio’s top sectors are weighted as healthcare at 24.8%, consumer cyclical at 23.4% and financial services at 21.5%.

According to GuruFocus research, Ruane & Cunniff & Goldfarb sold out holdings in four companies in the first quarter of 2013. Here are the details of the sell-out trades, as of March 31, 2013.

Sold Out: EOG Resources (EOG) – Oil and Gas – E&P

Ruane, Cunniff & Goldfarb sold out its holding of 192,000 shares at an average price of $127.03 for a gain of 4.4%. The firm traded EOG for eight quarters of gains; the highest gain was 80.1% in the third quarter of 2009.

This trade impacts the portfolio by -0.17%.

The current share price is $132.61 compared to past valuations.

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Sold Out: Alleghany Corp. DEL (Y) – Insurance - Reinsurance

Ruane, Cunniff & Goldfarb sold out its holding of 14,254 shares at an average price of $370.87 for a gain of 5.9%. The firm traded Y for two quarters of gains; the highest gain was 27.5% in the first quarter of 2012.

This trade impacts the portfolio by 0.04%.

The current share price is $392.58 compared to past valuations.

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Sold Out: Wesco Aircraft Holdings Inc. (WAIR) – Industrial Distribution

Ruane, Cunniff & Goldfarb sold out its holding of 290,000 shares at an average price of $13.81 for a gain of 30.2%. The firm traded WAIR for three quarters of gains; the highest gain was the sell-out price in the first quarter of 2013.

This trade impacts the portfolio by -0.03%.

The current share price is $17.98 compared to past valuations.

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Sold Out: Kroger Co. (KR) – Grocery Stores

Ruane, Cunniff & Goldfarb sold out its holding of 140,000 shares at an average price of $28.76 for a gain of 20.2%. The firm traded KR for three quarters of gains; the highest gain was 53.5% in the third quarter of 2012.

This trade impacts the portfolio by -0.03%.

The current share price is $34.58 compared to past valuations.

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Ruane, Cunniff & Goldfarb Inc. and the Sequoia Fund, Inc. (SEQUX), a mutual fund, were founded by the late William Ruane, a Graham-and-Doddsville superinvestor recognized by Warren Buffett. The current investment committee is directed by Richard T. Cunniff. As long-term investors, Ruane, Cunniff & Goldfarb Inc. are also value investors focused on the intrinsic value of business. The company views common stocks as units of ownership in a business, purchasing the stocks when the price appears low in relation to the value of the total enterprise. Shunning technical stock market studies, the firm studies a company’s balance sheet, earnings history, and prospects to determine its value.





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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

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