Ruane, Cunniff & Goldfarb L.P.
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
Download these holdings as CSV
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ALPHABET INC | GOOGL | $712.7M | 1,994,274 | +0.99pp | 31q | -5.8%-$44.1M | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $560.1M | 1,172,725 | +1.94pp | 27q | -3.0%-$17.0M | |
| LIBERTY MEDIA CORP DEL | FWONK | $497.0M | 5,223,453 | +0.18pp | 12q | -2.5%-$12.7M | |
| CHARLES SCHWAB CORP (THE) | SCHW | $421.8M | 4,571,355 | -0.79pp | 31q | -3.0%-$13.2M | |
| CAPITAL ONE FINL CORP | COF | $392.4M | 1,956,084 | flat | 16q | -3.1%-$12.4M | |
| ELEVANCE HEALTH INC FORMERLY | ELV | $378.8M | 979,598 | -0.85pp | 22q | -29.4%-$157.9M | |
| ICON PUB LTD CO | ICLR | $355.8M | 2,048,087 | +2.53pp | 7q | +25.3%+$71.8M | |
| ALPHABET INC | GOOG | $326.8M | 924,866 | +0.56pp | 31q | -2.7%-$9.0M | |
| SUNBELT RENTALS HOLDINGS INC | SUNB | $318.8M | 4,261,163 | -0.97pp | 2q | -22.4%-$91.8M | |
| INTERCONTINENTAL EXCHANGE IN | ICE | $315.3M | 2,560,747 | -1.98pp | 24q | -3.0%-$9.7M | |
| MSA SAFETY INC | MSA | $300.5M | 1,721,415 | -0.16pp | 5q | -3.1%-$9.6M | |
| UNITEDHEALTH GROUP INC | UNH | $293.2M | 705,554 | +1.29pp | 27q | -3.1%-$9.5M | |
| BIO TECHNE CORP | TECH | $236.6M | 3,348,841 | +0.74pp | 5q | -1.3%-$3.0M | |
| ROPER TECHNOLOGIES INC | ROP | $228.4M | 674,902 | - | new | NEW | |
| ALIGN TECHNOLOGY INC | ALGN | $197.6M | 1,171,455 | -0.36pp | 3q | -2.9%-$5.9M | |
| SAP SE | SAP | $190.6M | 1,236,546 | +0.83pp | 4q | +64.9%+$75.0M | |
| ZOETIS INC | ZTS | $169.1M | 2,353,300 | -2.12pp | 2q | -3.0%-$5.2M | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $150.5M | 300,672 | -0.13pp | 31q | -3.1%-$4.9M | |
| ACCENTURE PLC IRELAND | ACN | $112.2M | 901,848 | -1.31pp | 3q | -2.8%-$3.3M | |
| META PLATFORMS INC | META | $86.9M | 154,291 | -0.56pp | 31q | -23.3%-$26.4M | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $77.1M | 103 | -0.11pp | 31q | -6.4%-$5.2M | |
| LIBERTY MEDIA CORP DEL | FWONA | $60.9M | 695,720 | +0.01pp | 12q | -3.9%-$2.5M | |
| AMENTUM HOLDINGS INC | AMTM | $11.1M | 537,213 | -0.53pp | 8q | -66.9%-$22.4M | |
| LIBERTY BROADBAND CORP | LBRDK | $10.1M | 303,309 | -0.81pp | 31q | -73.9%-$28.6M | |
| CREDIT ACCEP CORP MICH | CACC | $3.4M | 5,279 | -0.97pp | 31q | -96.4%-$89.7M | |
| MICRON TECHNOLOGY INC | MU | $2.5M | 2,162 | +0.03pp | 5q | HELD | |
| LIBERTY BROADBAND CORP | LBRDA | $2.5M | 73,945 | -0.15pp | 31q | -67.0%-$5.0M | |
| GCI LIBERTY INC | GLIBK | $2.5M | 114,119 | -0.27pp | 4q | -77.5%-$8.5M | |
| EQUITABLE HLDGS INC | EQH | $1.8M | 40,310 | flat | 23q | HELD | |
| GROUP 1 AUTOMOTIVE INC | GPI | $1.4M | 4,884 | flat | 13q | +21.7%+$253.6K | |
| VANGUARD INDEX FDS | VTI | $1.1M | 2,973 | flat | 8q | +8.2%+$83.3K | |
| LITHIA MTRS INC | LAD | $852.0K | 2,933 | flat | 15q | -1.8%-$16.0K | |
| JACOBS SOLUTIONS INC | J | $786.7K | 6,244 | flat | 16q | -0.7%-$5.5K | |
| GCI LIBERTY INC | GLIBA | $616.7K | 28,162 | -0.07pp | 4q | -77.9%-$2.2M | |
| NETFLIX INC. | NFLX | $577.7K | 8,091 | flat | 23q | HELD | |
| VANGUARD STAR FDS | VXUS | $548.8K | 6,420 | flat | 6q | +8.6%+$43.4K | |
| GLOBUS MED INC | GMED | $474.7K | 6,008 | flat | 2q | HELD | |
| SMITH DOUGLAS HOMES CORP | SDHC | $423.9K | 27,275 | flat | 4q | +88.2%+$198.7K | |
| COPA HOLDINGS SA | CPA | $397.5K | 2,555 | flat | 7q | HELD | |
| KASPI KZ JSC | KSPI | $340.8K | 3,934 | flat | 4q | -3.6%-$12.9K | |
| AMERICAN EXPRESS CO | AXP | $315.2K | 932 | flat | 10q | HELD | |
| APPLE INC | AAPL | $278.1K | 961 | flat | 4q | HELD | |
| MICROSOFT CORP | MSFT | $274.9K | 737 | flat | 13q | HELD | |
| SINCLAIR INC | SBGI | $255.9K | 17,959 | flat | 13q | HELD | |
| DOLLAR GEN CORP | DG | $251.9K | 2,188 | flat | 5q | HELD | |
| FERGUSON ENTERPRISES INC | FERG | $237.3K | 1,000 | flat | 5q | HELD | |
| VANGUARD INTL EQUITY INDEX F | VT | $223.8K | 1,426 | - | new | NEW | |
| ATAIBECKLEY INC | ATAI | $221.9K | 42,112 | flat | 2q | HELD | |
| CHARTER COMMUNICATIONS INC | CHTR | $221.3K | 1,556 | -0.54pp | 9q | -99.0%-$21.5M | |
| HILTON GRAND VACATIONS INC | HGV | $219.4K | 4,189 | - | new | NEW | |
| S&P GLOBAL INC | SPGI | $216.3K | 531 | flat | 11q | HELD | |
| BANK OF AMER CORP | BAC | $206.6K | 3,625 | - | new | NEW | |
| STELLANTIS N.V | STLA | $143.9K | 25,075 | flat | 22q | HELD | |
| RIMINI STR INC DEL | RMNI | $143.4K | 33,666 | flat | 20q | -4.5%-$6.8K |
Q2 2026 in brief
Ruane, Cunniff & Goldfarb L.P. reported 54 positions worth $6.4B for Q2 2026, filed 45 days after the quarter ended. Its five largest holdings made up 40.2% of the portfolio. It added most to Sap Se (about $75.0M), Icon Pub Ltd Co (about $71.8M) and Group 1 Automotive Inc (about $253.6K). It cut Elevance Health Inc Formerly (about $157.9M), Sunbelt Rentals Holdings Inc (about $91.8M) and Credit Accep Corp Mich (about $89.7M). New positions: Roper Technologies Inc ($228.4M), Vanguard Intl Equity Index F ($223.8K) and Hilton Grand Vacations Inc ($219.4K). Longest held of its top ten: Alphabet Inc, 31 quarters in a row - every quarter on file.
Dollar amounts for buying and selling are estimates: the change in shares at the quarter-end price implied by the filing. A 13F shows long US stock positions only, at quarter end.
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Software & IT Services | $1.3B | 20.5% |
| Insurance | $901.4M | 14.0% |
| Biotech & Pharma | $761.5M | 11.8% |
| Capital Markets | $737.1M | 11.5% |
| Semiconductors & Electronics | $562.6M | 8.8% |
| Telecom & Media | $562.0M | 8.7% |
| Medical Devices | $498.6M | 7.8% |
| Business Services | $443.0M | 6.9% |
| Banks & Lending | $396.3M | 6.2% |
| Instruments & Controls | $228.4M | 3.6% |
| Other sectors | $4.8M | 0.1% |
| Not classified | $14.6M | 0.2% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +10.7% | +14.8% | -4.1% | 100% |
| Q1 2026 | -9.9% | -4.6% | -5.3% | 100% |
| Q4 2025 | +4.6% | +2.4% | +2.2% | 100% |
| Q3 2025 | +3.5% | +7.8% | -4.4% | 100% |
| Q2 2025 | +6.3% | +10.5% | -4.1% | 100% |
| Q1 2025 | +1.2% | -4.6% | +5.8% | 100% |
| Q4 2024 | +2.1% | +2.1% | -0.0% | 100% |
| Q3 2024 | +3.3% | +5.4% | -2.2% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $6.4B | 54 | 4 | 6 | 30 | 0 | 66.6% | 45 |
| Q1 2026 | $6.0B | 50 | 4 | 10 | 29 | 2 | 67.0% | 45 |
| Q4 2025 | $6.4B | 48 | 4 | 6 | 23 | 3 | 71.9% | 44 |
| Q3 2025 | $6.0B | 47 | 7 | 7 | 18 | 3 | 75.5% | 45 |
| Q2 2025 | $5.8B | 43 | 6 | 7 | 15 | 1 | 73.1% | 45 |
| Q1 2025 | $5.5B | 38 | 2 | 1 | 21 | 3 | 75.1% | 45 |
| Q4 2024 | $5.9B | 39 | 3 | 3 | 21 | 1 | 75.6% | 45 |
| Q3 2024 | $6.4B | 37 | 2 | 3 | 21 | 2 | 76.1% | 45 |
| Q2 2024 | $6.4B | 37 | 3 | 3 | 20 | 0 | 76.7% | 45 |
| Q1 2024 | $6.4B | 34 | 1 | 1 | 23 | 0 | 77.7% | 45 |
| Q4 2023 | $6.3B | 33 | 1 | 0 | 26 | 4 | 77.4% | 45 |
| Q3 2023 | $6.0B | 36 | 5 | 4 | 18 | 3 | 74.6% | 45 |
| Q2 2023 | $6.3B | 34 | 4 | 8 | 17 | 1 | 76.1% | 45 |
| Q1 2023 | $6.1B | 31 | 2 | 7 | 21 | 3 | 70.5% | 45 |
| Q4 2022 | $6.4B | 32 | 2 | 3 | 21 | 1 | 72.9% | 44 |
| Q3 2022 | $6.7B | 31 | 2 | 8 | 18 | 2 | 70.4% | 45 |
| Q2 2022 | $7.7B | 31 | 0 | 7 | 17 | 3 | 69.7% | 46 |
| Q1 2022 | $10.2B | 34 | 1 | 9 | 17 | 1 | 67.8% | 43 |
| Q4 2021 | $11.7B | 34 | 1 | 6 | 19 | 0 | 65.7% | 45 |
| Q3 2021 | $11.1B | 33 | 2 | 10 | 15 | 4 | 64.6% | 46 |
| Q2 2021 | $11.3B | 35 | 0 | 6 | 26 | 2 | 62.1% | 47 |
| Q1 2021 | $10.6B | 37 | 6 | 6 | 21 | 7 | 57.8% | 47 |
| Q4 2020 | $9.4B | 38 | 4 | 2 | 16 | 1 | 59.7% | 47 |
| Q3 2020 | $8.4B | 35 | 2 | 5 | 23 | 4 | 62.8% | 47 |
| Q2 2020 | $7.5B | 37 | 1 | 6 | 22 | 2 | 65.3% | 45 |
| Q1 2020 | $6.2B | 38 | 3 | 11 | 20 | 4 | 64.5% | 45 |
| Q4 2019 | $8.1B | 39 | 2 | 6 | 25 | 3 | 67.4% | 45 |
| Q3 2019 | $7.6B | 40 | 5 | 3 | 26 | 2 | 72.7% | 45 |
| Q2 2019 | $7.4B | 37 | 3 | 0 | 27 | 17 | 75.1% | 45 |
| Q1 2019 | $9.8B | 51 | 1 | 9 | 24 | 7 | 63.5% | 45 |
| Q4 2018 | $9.1B | 57 | 0 | 0 | 0 | 0 | 62.1% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.