
	Ruane Cunniff 13F
	Ruane, Cunniff & Goldfarb L.P.

	Last update 2023-02-13	32 Stocks (2 new)
	Value $6.40 Bil	Turnover 0 %
	Top Holdings: SCHW(10.98%) ICE(9.96%) UNH(9.36%) FWONK(8.20%) ELV(6.62%) Portfolio Report

Ruane Cunniff Profile

Bill Ruane and Rick Cunniff started the firm in 1969 in the belief that they could outperform the stock market by investing in great businesses selling at reasonable prices and staying with them as long as they remained attractive. By doing exhaustive primary research, ignoring fads and sticking to their principles, the firm has built an enviable track record.
William Ruane was a Graham-and-Doddsville superinvestor recognized by Warren Buffett. He was a student of Benjamin Graham, and attended his class at the same time as Warren Buffett.

Ruane Cunniff Investing Philosophy

According to the Ruane, Cunniff & Goldfarb website, "We own quality businesses run by quality people that can compound their earnings rapidly. We hold these businesses over a long horizon with the mindset of a long-term business owner. We buy them for less than what a conservative business person would pay for them. We focus on our best ideas, while avoiding excessive concentration. All along the way, we strive to make thoughtful, rational decisions based on intensive primary research. At the core of our strategy is a belief that if we pay attractive prices to own businesses that are higher-quality and faster-growing than the average S&P 500 company, then over the long term our portfolios should earn a higher return than the S&P 500 Index with less fundamental risk."

Ruane Cunniff Portfolio and Latest Trades

Ticker
Ticker
W
NFLX
UNH
ELV
FWONK
SCHW
ICE
META
KMX
GOOG
CACC
TSM
J
GOOGL
MU
COF
LBRDK
BRK.A
BRK.B
FWONA
IVV
LAD
LBRDA
ANGI
RMNI
BLDR
ASAI
STLA
COF
TSM
NFLX
MU
GOOG
META
KMX
LBRDK
ELV
W
UNH
ICE
FWONK
SCHW
BRK.A
CACC
J
BRK.B
GOOGL
FWONA
LBRDA
RMNI
ANGI
OPEN
STLA
BLDR
ASAI
EQH
BABA
ICE
ELV
UNH
BRK.A
NFLX
GOOG
W
GOOGL
SCHW
TSM
FWONK
KMX
MU
META
CACC
LBRDK
J
EXPD
BRK.B
LBRDA
FWONA
RMNI
BLDR
EQH
VCTR
DIS
ASAI
STLA
ANGI
DIS
NFLX
META
W
UNH
CACC
TSM
SCHW
FWONK
GOOG
KMX
BRK.A
LBRDK
MU

Ticker	Company	Date	Action	Impact %	Price Range	Price	Price Change from Avrg%	Comment	Current Shares	Share Change
Ticker	Company	Date	Action	Impact %	Price Range	Price	Price Change from Avrg%	Comment	Current Shares	Share Change
W	Wayfair Inc	2022-12-31	Sold Out	-2.27%	● 28.35 ($34.9) 42.16	$34.24	-1.89%	Sold Out	0	-4,685,292
NFLX	Netflix Inc	2022-12-31	Reduce	-2.09%	● 214.29 ($280.49) 320.41	$328.39	17.08%	Reduce -48.76%	629,259	-598,823
UNH	UnitedHealth Group Inc	2022-12-31	Reduce	-1.43%	● 498.86 ($529.71) 555.15	$475.99	-10.14%	Reduce -14.43%	1,129,622	-190,469
ELV	Elevance Health Inc	2022-12-31	Reduce	-1.09%	● 465.23 ($507.74) 546.77	$456.69	-10.05%	Reduce -16.33%	826,523	-161,334
FWONK	Liberty Formula One Group	2022-12-31	Reduce	-0.44%	● 53.79 ($59.16) 63.41	$73.38	24.04%	Reduce -5.47%	8,784,381	-507,984
SCHW	Charles Schwab Corp	2022-12-31	Reduce	-0.30%	● 67.43 ($77.61) 83.26	$53.26	-31.37%	Reduce -3.22%	8,439,564	-280,526
ICE	Intercontinental Exchange Inc	2022-12-31	Reduce	-0.28%	● 90.02 ($99.59) 109.53	$97.49	-2.11%	Reduce -3.27%	6,212,039	-210,217
META	Meta Platforms Inc	2022-12-31	Reduce	-0.19%	● 88.91 ($117.43) 140.28	$206.01	75.43%	Reduce -3.14%	2,963,720	-96,050
KMX	CarMax Inc	2022-12-31	Reduce	-0.19%	● 55.69 ($64.2) 74.58	$57.78	-10.00%	Reduce -3.05%	6,271,401	-197,202
GOOG	Alphabet Inc	2022-12-31	Reduce	-0.19%	● 83.49 ($95.44) 104.93	$106.06	11.13%	Reduce -5.73%	2,151,988	-130,766
CACC	Credit Acceptance Corp	2022-12-31	Reduce	-0.16%	● 407.7 ($458.79) 521.7	$405.73	-11.57%	Reduce -2.93%	798,731	-24,142
TSM	Taiwan Semiconductor Manufacturing Co Ltd	2022-12-31	Reduce	-0.15%	● 60.28 ($72.34) 82.98	$92.79	28.27%	Reduce -3.16%	4,504,162	-146,868
J	Jacobs Solutions Inc	2022-12-31	Reduce	-0.13%	● 109.58 ($118.72) 126.54	$112.34	-5.37%	Reduce -2.97%	2,697,117	-82,417
GOOGL	Alphabet Inc	2022-12-31	Reduce	-0.12%	● 83.43 ($95.03) 104.48	$105.44	10.95%	Reduce -2.37%	3,581,758	-86,912
MU	Micron Technology Inc	2022-12-31	Reduce	-0.12%	● 49.12 ($54.72) 63.1	$61.16	11.77%	Reduce -3.15%	4,765,452	-154,988
COF	Capital One Financial Corp	2022-12-31	Reduce	-0.11%	● 87.87 ($98.32) 116.25	$90.45	-8.00%	Reduce -2.82%	2,747,356	-79,599
LBRDK	Liberty Broadband Corp	2022-12-31	Reduce	-0.09%	● 69.56 ($81.33) 90.97	$78.74	-3.18%	Reduce -3.52%	2,334,429	-85,138
BRK.A	Berkshire Hathaway Inc	2022-12-31	Reduce	-0.07%	● 399251 ($448762) 480280	$453,066.11	0.96%	Reduce -5.53%	188	-11
BRK.B	Berkshire Hathaway Inc	2022-12-31	Reduce	-0.05%	● 264 ($296.98) 318.6	$298.92	0.65%	Reduce -2.48%	509,192	-12,923
FWONA	Liberty Formula One Group	2022-12-31	Reduce	-0.02%	● 48.31 ($53.12) 56.83	$66.51	25.21%	Reduce -2.24%	985,377	-22,603
IVV	iShares Core S&P 500 ETF	2022-12-31	New Buy	+0.01%	● 356.44 ($384.6) 407.56	$397.31	3.30%	New holding	2,460	2,460
LAD	Lithia Motors Inc	2022-12-31	New Buy	+0.01%	● 183.09 ($213.69) 240.43	$212.38	-0.61%	New holding	2,061	2,061
LBRDA	Liberty Broadband Corp	2022-12-31	Reduce	-0.01%	● 69.29 ($81.38) 90.84	$78.68	-3.32%	Reduce -1.58%	835,640	-13,433
ANGI	Angi Inc	2022-12-31	Add	0%	● 1.89 ($2.24) 3.2	$2.15	-4.02%	Add 40.26%	32,383	9,295
RMNI	Rimini Street Inc	2022-12-31	Add	0%	● 3.59 ($4.44) 5.69	$4.03	-9.23%	Add 0.19%	30,438	58
BLDR	Builders FirstSource Inc	2022-12-31	Reduce	0%	● 54.45 ($62.46) 68.27	$84.46	35.22%	Reduce -1.63%	45,002	-745
ASAI	Sendas Distribuidora SA	2022-12-31	Add	0%	● 15.78 ($18.28) 20.37	$14.24	-22.10%	Add 1.38%	101,069	1,380
STLA	Stellantis NV	2022-12-31	Add	0%	● 11.77 ($13.92) 15.72	$17.25	23.92%	Add 6.52%	54,617	3,341
COF	Capital One Financial Corp	2022-09-30	New Buy	+3.87%	● 91.3 ($106.48) 115.74	$90.45	-15.05%	New holding	2,826,955	2,826,955
TSM	Taiwan Semiconductor Manufacturing Co Ltd	2022-09-30	Reduce	-2.08%	● 68.56 ($82.65) 91.57	$92.79	12.27%	Reduce -29.55%	4,651,030	-1,951,017
NFLX	Netflix Inc	2022-09-30	Reduce	-1.88%	● 174.45 ($222.12) 249.3	$328.39	47.84%	Reduce -40.25%	1,228,082	-827,422
MU	Micron Technology Inc	2022-09-30	Reduce	-1.85%	● 48.88 ($58) 65.04	$61.16	5.45%	Reduce -34.27%	4,920,440	-2,565,636
GOOG	Alphabet Inc	2022-09-30	Reduce	-0.65%	● 96.15 ($111.66) 122.88	$106.06	-5.02%	Reduce -16.57%	2,282,754	-453,366
META	Meta Platforms Inc	2022-09-30	Add	+0.59%	● 134.4 ($162.08) 183.17	$206.01	27.10%	Add 10.49%	3,059,770	290,446
KMX	CarMax Inc	2022-09-30	Reduce	-0.28%	● 65.16 ($91.38) 104.22	$57.78	-36.77%	Reduce -3.57%	6,468,603	-239,403
LBRDK	Liberty Broadband Corp	2022-09-30	Reduce	-0.24%	● 73.8 ($106.38) 124.15	$78.74	-25.98%	Reduce -6.19%	2,419,567	-159,547
ELV	Elevance Health Inc	2022-09-30	Reduce	-0.16%	● 445.98 ($478.49) 507	$456.69	-4.56%	Reduce -2.58%	987,857	-26,130
W	Wayfair Inc	2022-09-30	Reduce	-0.14%	● 32.55 ($52.85) 73.54	$34.24	-35.21%	Reduce -4.98%	4,685,292	-245,307
UNH	UnitedHealth Group Inc	2022-09-30	Reduce	-0.14%	● 501.24 ($525.83) 548.32	$475.99	-9.48%	Reduce -1.6%	1,320,091	-21,404
ICE	Intercontinental Exchange Inc	2022-09-30	Reduce	-0.12%	● 90.35 ($100.27) 112.62	$97.49	-2.77%	Reduce -1.56%	6,422,256	-101,515
FWONK	Liberty Formula One Group	2022-09-30	Reduce	-0.11%	● 57.35 ($63.97) 69.88	$73.38	14.71%	Reduce -1.45%	9,292,365	-136,308
SCHW	Charles Schwab Corp	2022-09-30	Reduce	-0.11%	● 60.57 ($69.43) 77.18	$53.26	-23.29%	Reduce -1.5%	8,720,090	-132,867
BRK.A	Berkshire Hathaway Inc	2022-09-30	Reduce	-0.10%	● 399128 ($428128) 461300	$453,066.11	5.82%	Reduce -8.29%	199	-18
CACC	Credit Acceptance Corp	2022-09-30	Reduce	-0.09%	● 438 ($527.64) 605.38	$405.73	-23.10%	Reduce -1.75%	822,873	-14,678
J	Jacobs Solutions Inc	2022-09-30	Reduce	-0.08%	● 108.49 ($125.26) 137.3	$112.34	-10.31%	Reduce -1.68%	2,779,534	-47,434
BRK.B	Berkshire Hathaway Inc	2022-09-30	Add	+0.05%	● 264.32 ($284.56) 306.65	$298.92	5.05%	Add 2.45%	522,115	12,493
GOOGL	Alphabet Inc	2022-09-30	Add	+0.05%	● 95.65 ($110.89) 122.08	$105.44	-4.91%	Add 0.89%	3,668,670	32,430
FWONA	Liberty Formula One Group	2022-09-30	Reduce	-0.03%	● 51.65 ($58.18) 63.18	$66.51	14.32%	Reduce -3.61%	1,007,980	-37,766
LBRDA	Liberty Broadband Corp	2022-09-30	Reduce	-0.01%	● 74.6 ($105.79) 122.95	$78.68	-25.63%	Reduce -0.81%	849,073	-6,935
RMNI	Rimini Street Inc	2022-09-30	Reduce	0%	● 4.6 ($5.61) 7.22	$4.03	-28.16%	Reduce -12.26%	30,380	-4,245
ANGI	Angi Inc	2022-09-30	Add	0%	● 2.95 ($4.4) 6.14	$2.15	-51.14%	Add 9.39%	23,088	1,981
OPEN	Opendoor Technologies Inc	2022-09-30	Reduce	0%	● 3.04 ($4.74) 6.3	$1.66	-64.98%	Reduce -21.17%	17,500	-4,700
STLA	Stellantis NV	2022-09-30	Add	0%	● 11.57 ($13.43) 15.43	$17.25	28.44%	Add 20.31%	51,276	8,657
BLDR	Builders FirstSource Inc	2022-09-30	Add	0%	● 52.89 ($62.52) 73.34	$84.46	35.09%	Add 4.66%	45,747	2,035
ASAI	Sendas Distribuidora SA	2022-09-30	Add	0%	● 13.56 ($16.32) 18.49	$14.24	-12.75%	Add 19.02%	99,689	15,929
EQH	Equitable Holdings Inc	2022-09-30	Add	0%	● 24.87 ($28.42) 31.83	$23.58	-17.03%	Add 6.32%	33,972	2,018
BABA	Alibaba Group Holding Ltd	2022-09-30	Sold Out	0%	● 77.87 ($95.27) 122.39	$86.90	-8.79%	Sold Out	0	-2,360
ICE	Intercontinental Exchange Inc	2022-06-30	Add	+3.74%	● 90.33 ($107.3) 132.7	$97.49	-9.14%	Add 87.99%	6,523,771	3,053,467
ELV	Elevance Health Inc	2022-06-30	Reduce	-3.60%	● 444.32 ($494.66) 529.84	$456.69	-7.68%	Reduce -42.3%	1,013,987	-743,441
UNH	UnitedHealth Group Inc	2022-06-30	Reduce	-2.40%	● 452.06 ($502.32) 546.01	$475.99	-5.24%	Reduce -26.31%	1,341,495	-478,903
BRK.A	Berkshire Hathaway Inc	2022-06-30	Reduce	-1.87%	● 402300 ($472090) 529000	$453,066.11	-4.03%	Reduce -62.33%	217	-359
NFLX	Netflix Inc	2022-06-30	Add	+1.43%	● 166.37 ($224.13) 391.5	$328.39	46.52%	Add 43.84%	2,055,504	626,532
GOOG	Alphabet Inc	2022-06-30	Reduce	-1.24%	● 105.84 ($118.5) 143.64	$106.06	-10.50%	Reduce -24.82%	2,736,120	-45,165
W	Wayfair Inc	2022-06-30	Add	+0.85%	● 43.56 ($70.93) 117	$34.24	-51.73%	Add 43.33%	4,930,599	1,490,582
GOOGL	Alphabet Inc	2022-06-30	Reduce	-0.75%	● 105.81 ($118.07) 142.97	$105.44	-10.70%	Reduce -13.08%	3,636,240	-27,365
SCHW	Charles Schwab Corp	2022-06-30	Add	+0.50%	● 59.99 ($69.21) 84.31	$53.26	-23.05%	Add 7.44%	8,852,957	613,028
TSM	Taiwan Semiconductor Manufacturing Co Ltd	2022-06-30	Reduce	-0.19%	● 81.75 ($92.66) 104.79	$92.79	0.14%	Reduce -2.79%	6,602,047	-189,597
FWONK	Liberty Formula One Group	2022-06-30	Reduce	-0.19%	● 55.59 ($63.43) 70.08	$73.38	15.69%	Reduce -2.79%	9,428,673	-270,517
KMX	CarMax Inc	2022-06-30	Reduce	-0.18%	● 85.76 ($94.08) 103.17	$57.78	-38.58%	Reduce -2.75%	6,708,006	-189,768
MU	Micron Technology Inc	2022-06-30	Reduce	-0.17%	● 55.01 ($68.07) 77.89	$61.16	-10.15%	Reduce -2.85%	7,486,076	-219,333
META	Meta Platforms Inc	2022-06-30	Reduce	-0.14%	● 155.85 ($193.38) 233.89	$206.01	6.53%	Reduce -2.31%	2,769,324	-65,411
CACC	Credit Acceptance Corp	2022-06-30	Reduce	-0.13%	● 460.68 ($551.78) 640.93	$405.73	-26.47%	Reduce -2.81%	837,551	-24,201
LBRDK	Liberty Broadband Corp	2022-06-30	Reduce	-0.11%	● 103.43 ($122.08) 140	$78.74	-35.50%	Reduce -3.19%	2,579,114	-84,901
J	Jacobs Engineering Group Inc	2022-06-30	Reduce	-0.11%	● 118.69 ($135.36) 148.16	$112.34	-17.01%	Reduce -2.7%	2,826,968	-78,366
EXPD	Expeditors International of Washington Inc	2022-06-30	Sold Out	-0.10%	● 94.22 ($102.46) 114.83	$104.49	1.98%	Sold Out	0	-102,132
BRK.B	Berkshire Hathaway Inc	2022-06-30	Add	+0.02%	● 267.52 ($314.34) 353.1	$298.92	-4.91%	Add 1.27%	509,622	6,379
LBRDA	Liberty Broadband Corp	2022-06-30	Reduce	-0.01%	● 100.93 ($117.72) 135.03	$78.68	-33.16%	Reduce -1.13%	856,008	-9,742
FWONA	Liberty Formula One Group	2022-06-30	Reduce	-0.01%	● 51.27 ($58) 63.37	$66.51	14.67%	Reduce -1.49%	1,045,746	-15,788
RMNI	Rimini Street Inc	2022-06-30	Add	0%	● 5.4 ($5.95) 6.77	$4.03	-32.27%	Add 0.23%	34,625	79
BLDR	Builders FirstSource Inc	2022-06-30	Reduce	0%	● 50.02 ($61.37) 68.61	$84.46	37.62%	Reduce -9.38%	43,712	-4,526
EQH	Equitable Holdings Inc	2022-06-30	Add	0%	● 25.56 ($29.01) 32.3	$23.58	-18.72%	Add 0.4%	31,954	126
VCTR	Victory Capital Holdings Inc	2022-06-30	Sold Out	0%	● 24.1 ($26.94) 29.42	$29.21	8.43%	Sold Out	0	-7,179
DIS	The Walt Disney Co	2022-06-30	Sold Out	0%	● 93.29 ($111.41) 138.58	$94.08	-15.56%	Sold Out	0	-1,988
ASAI	Sendas Distribuidora SA	2022-06-30	Reduce	0%	● 13.59 ($15.83) 17.84	$14.24	-10.04%	Reduce -14.6%	83,760	-14,322
STLA	Stellantis NV	2022-06-30	Add	0%	● 12.36 ($14.17) 16.35	$17.25	21.74%	Add 5.47%	42,619	2,212
ANGI	Angi Inc	2022-06-30	Add	0%	● 3.59 ($4.92) 6.05	$2.15	-56.30%	Add 1.46%	21,107	303
DIS	The Walt Disney Co	2022-03-31	Reduce	-3.71%	● 129.03 ($144.79) 157.89	$94.08	-35.02%	Reduce -99.93%	1,988	-2,804,442
NFLX	Netflix Inc	2022-03-31	Add	+2.41%	● 331.01 ($417.64) 597.37	$328.39	-21.37%	Add 84.36%	1,428,972	653,867
META	Meta Platforms Inc	2022-03-31	Add	+0.42%	● 186.63 ($250.52) 338.54	$206.01	-17.77%	Add 7.17%	2,834,735	189,688
W	Wayfair Inc	2022-03-31	Add	+0.31%	● 104.81 ($141.04) 195.77	$34.24	-75.72%	Add 9.06%	3,440,017	285,729
UNH	UnitedHealth Group Inc	2022-03-31	Reduce	-0.22%	● 455.89 ($481.86) 520.82	$475.99	-1.22%	Reduce -2.69%	1,820,398	-50,296
CACC	Credit Acceptance Corp	2022-03-31	Reduce	-0.19%	● 470.31 ($545.13) 648.84	$405.73	-25.57%	Reduce -3.56%	861,752	-31,799
TSM	Taiwan Semiconductor Manufacturing Co Ltd	2022-03-31	Reduce	-0.19%	● 99.29 ($117.35) 140.66	$92.79	-20.93%	Reduce -2.71%	6,791,644	-188,988
SCHW	Charles Schwab Corp	2022-03-31	Reduce	-0.17%	● 75.69 ($88.05) 95.53	$53.26	-39.51%	Reduce -2.87%	8,239,929	-243,381
FWONK	Liberty Formula One Group	2022-03-31	Reduce	-0.16%	● 56.24 ($61.63) 69.84	$73.38	19.07%	Reduce -2.89%	9,699,190	-289,019
GOOG	Alphabet Inc	2022-03-31	Reduce	-0.14%	● 126.46 ($135.95) 148.04	$106.06	-21.99%	Reduce -3.08%	3,639,420	-5,777
KMX	CarMax Inc	2022-03-31	Reduce	-0.08%	● 96.48 ($107.63) 127.01	$57.78	-46.32%	Reduce -1.03%	6,897,774	-71,515
BRK.A	Berkshire Hathaway Inc	2022-03-31	Reduce	-0.08%	● 454300 ($485284) 539180	$453,066.11	-6.64%	Reduce -3.52%	576	-21
LBRDK	Liberty Broadband Corp	2022-03-31	Reduce	-0.07%	● 134.94 ($145.72) 161.48	$78.74	-45.96%	Reduce -1.82%	2,664,015	-49,438
MU	Micron Technology Inc	2022-03-31	Reduce	-0.06%	● 69.4 ($85.53) 97.36	$61.16	-28.49%	Reduce -0.94%	7,705,409	-72,728

100/Page

Total 248

Ruane Cunniff News

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Buffett Assets Allocation

Company

About GuruFocus Career Contact Us ETF ADV Part 2A ADV Part 2B ADV Part 3 Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.