RC
Ruane, Cunniff & Goldfarb L.P. 13F Filings Explorer
Ruane, Cunniff & Goldfarb L.P.CIK: 0001720792
Diversified strategyContrarianQuality / disciplined sizing
Total reported value
$6.0B
Reporting period: 2026-03-31 · Number of holdings: 50
Ruane, Cunniff & Goldfarb L.P. disclosed 50 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $6.0B and a quarterly turnover rate of 34.0%.
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Personality snowflake
- Concentration
- 22.4
- Portfolio Stability
- 34.03
- Momentum/Contrarian
- 0
- Sector conviction
- 66.14
- Diversification
- 100
- Sizing Uniformity
- 86.45
Ruane, Cunniff & Goldfarb L.P.'s disclosed holdings carry a Herfindahl concentration index of 0.056 — mathematically equivalent to about 18 equally-sized positions, well below its 50 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.36), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward initiating meaningfully larger new positions than it adds to existing ones (a 2.5 percentage-point tilt) — a pattern consistent with a more contrarian, new-idea-driven approach.
Recent moves
Trim CACC
-72.7% -$175.8M
Add SAP
+1532.8% $117.2M
Trim ICLR
-2.7% -$125.2M
Trim COF
-2.4% -$133.1M
Add TECH
+131.4% $91.1M
Trim SCHW
-15.7% -$115.9M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 10.10% | -0.53% | -2.63% | |
| 2 | FWONK | Liberty Media Corp-formula-c | Stock-Comm Services | 7.56% | -0.89% | -2.44% | |
| 3 | SCHW | Schwab (charles) CORP | Stock-Financials | 7.35% | -1.38% | -15.73% | |
| 4 | ICE | Intercontinental Exchange In | Stock-Financials | 6.89% | +0.05% | -2.39% | |
| 5 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 6.77% | +0.02% | -15.00% | |
| 6 | ELV | Elevance Health INC | Stock-Healthcare | 6.74% | -1.05% | -2.43% | |
| 7 | COF | Capital One Financial CORP | Stock-Financials | 6.11% | -1.72% | -2.43% | |
| 8 | SUNB | Sunbelt Rentals Holdings INC | Stock-Industrials | 5.93% | +5.93% | NEW | |
| 9 | MSA | Msa Safety INC | Stock-Industrials | 4.83% | +0.30% | -1.95% | |
| 10 | ZTS | Zoetis INC | Stock-Healthcare | 4.76% | +4.76% | NEW | |
| 11 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 4.52% | -1.08% | -16.80% | |
| 12 | ALGN | Align Technology INC | Stock-Healthcare | 3.43% | +0.45% | -1.31% | |
| 13 | UNH | Unitedhealth Group INC | Stock-Healthcare | 3.27% | -0.58% | -2.36% | |
| 14 | ACN | Accenture plc | Stock-Tech | 3.05% | -0.90% | -1.61% | |
| 15 | ICLR | ICON Public Limited Company | Stock-Healthcare | 3.00% | -1.78% | -2.68% | |
| 16 | TECH | Bio-techne CORP | Stock-Healthcare | 2.94% | +1.59% | +131.39% | |
| 17 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 2.47% | -0.01% | -1.81% | |
| 18 | SAP | Sap Se-sponsored Adr | Stock-Tech | 2.13% | +1.96% | +1532.83% | |
| 19 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.91% | -0.55% | -15.84% | |
| 20 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 1.31% | -0.05% | -4.35% | |
| 21 | CACC | Credit Acceptance CORP | Stock-Other | 1.03% | -2.68% | -72.73% | |
| 22 | LBRDK | Liberty Broadband-c | Stock-Comm Services | 0.97% | -0.43% | -36.82% | |
| 23 | FWONA | Liberty Media Corp-formula-a | Stock-Other | 0.94% | -0.09% | -2.04% | |
| 24 | AMTM | Amentum Holdings INC | Stock-Industrials | 0.70% | -0.38% | -32.21% | |
| 25 | CHTR | Charter Communications Inc-a | Stock-Comm Services | 0.55% | -0.63% | -57.86% | |
| 26 | GLIBK | Liberty Capital Corp-cl C | Stock-Other | 0.31% | — | -6.00% | |
| 27 | LBRDA | Liberty Broadband-a | Stock-Other | 0.19% | -0.30% | -65.72% | |
| 28 | GLIBA | Liberty Capital CORP | Stock-Other | 0.08% | — | -2.76% | |
| 29 | EQH | Equitable Holdings INC | Stock-Financials | 0.02% | -0.01% | -0.44% | |
| 30 | GPI | Group 1 Automotive INC | Stock-Consumer Disc | 0.02% | — | +11.16% | |
| 31 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.01% | — | +2.61% | |
| 32 | J | Jacobs Solutions INC | Stock-Industrials | 0.01% | — | -3.07% | |
| 33 | NFLX | Netflix INC | Stock-Comm Services | 0.01% | — | +55.00% | |
| 34 | LAD | Lithia Motors INC | Stock-Consumer Disc | 0.01% | -0.01% | -2.00% | |
| 35 | MU | Micron Technology INC | Stock-Tech | 0.01% | — | — | |
| 36 | GMED | Globus Medical INC - A | Stock-Healthcare | 0.01% | +0.01% | NEW | |
| 37 | VXUS | Vanguard Total Intl Stock | ETF-Other | 0.01% | — | +8.72% | |
| 38 | KSPI | Jsc Kaspi.kz Adr | Stock-Other | 0.01% | — | -0.71% | |
| 39 | CPA | Copa Holdings, S.A. | Stock-Other | — | — | — | |
| 40 | AXP | American Express Co | Stock-Financials | — | -0.01% | — | |
| 41 | MSFT | Microsoft CORP | Stock-Tech | — | -0.01% | +6.97% | |
| 42 | DG | Dollar General CORP | Stock-Consumer Staples | — | — | +0.83% | |
| 43 | AAPL | Apple INC | Stock-Tech | — | — | +7.86% | |
| 44 | FERG | Ferguson Enterprises INC | Stock-Industrials | — | — | — | |
| 45 | SBGI | Sinclair INC | Stock-Other | — | — | — | |
| 46 | SPGI | S&p Global INC | Stock-Financials | — | — | — | |
| 47 | SDHC | Smith Douglas Homes CORP | Stock-Other | — | — | +18.68% | |
| 48 | STLA | Stellantis N.V. | Stock-Consumer Disc | — | — | -1.98% | |
| 49 | ATAI | Ataibeckley INC | Stock-Other | — | — | NEW | |
| 50 | RMNI | Rimini Street INC | Stock-Other | — | — | -5.05% |
Portfolio Performance
Performance for Q3 2026
+1.6%
Performance Last 4 Quarters
+15.9%
Based on 70% of reported portfolio value with available pricing
- Stdev
- +15.5%
- Beta
- +0.96
- Alpha
- -4.9%
- Max Drawdown
- -11.8%
- Annualized Perf
- +12.3%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +1.59
- Stutzer
- +0.25
- Treynor
- +0.13
- Sterling
- +0.64
- Calmar
- +1.04
- Information Ratio
- -0.62
- Tracking Error
- +9%
- Stdev Down
- +8.1%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +29.2%
- Worst 12 Months
- +3.7%
- Efficiency Ratio
- +0.32
- Sharpe
- +0.83
- Stdev Sectors
- +10.5%
- Skewness
- +0.42
- Kurtosis
- +0.01
- Upside Potential
- +3.5
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 50 | $6.0B | 34 | |
| 2025-12-31 | 48 | $6.4B | 17 | |
| 2025-09-30 | 47 | $6.0B | 33 | |
| 2025-06-30 | 43 | $5.8B | 0 | |
| 2025-03-31 | 38 | $5.5B | 100 | |
| 2024-12-31 | 39 | $5.9B | 0 | |
| 2024-09-30 | 37 | $6.4B | 0 | |
| 2024-06-30 | 37 | $6.4B | 0 | |
| 2024-03-31 | 34 | $6.4B | 0 | |
| 2023-12-31 | 33 | $6.3B | 0 | |
| 2023-09-30 | 36 | $6.0B | 0 | |
| 2023-06-30 | 34 | $6.3B | 0 | |
| 2023-03-31 | 31 | $6.1B | 0 | |
| 2022-12-31 | 32 | $6.4B | 0 | |
| 2022-09-30 | 31 | $6.7B | 0 | |
| 2022-06-30 | 31 | $7.7B | 0 | |
| 2022-03-31 | 34 | $10.2B | 0 | |
| 2021-12-31 | 34 | $11.7B | 0 | |
| 2021-09-30 | 33 | $11.1B | 0 | |
| 2021-06-30 | 35 | $11.3B | 97 | |
| 2021-03-31 | 37 | $10.6B | 23 | |
| 2020-12-31 | 38 | $9.4B | 24 | |
| 2020-09-30 | 35 | $8.4B | 24 | |
| 2020-06-30 | 37 | $7.5B | 31 | |
| 2020-03-31 | 38 | $6.2B | 34 | |
| 2019-12-31 | 39 | $8.1B | 20 | |
| 2019-09-30 | 40 | $7.6B | 38 | |
| 2019-06-30 | 51 | $10.2B | 17 | |
| 2019-03-31 | 51 | $9.8B | 17 | |
| 2018-12-31 | 57 | $9.1B | 29 | |
| 2018-09-30 | 61 | $10.9B | 12 | |
| 2018-06-30 | 61 | $11.2B | 20 | |
| 2018-03-31 | 59 | $10.9B | 0 |
Holding changes this quarter
Ruane, Cunniff & Goldfarb L.P.'s most significant position changes for 2026-03-31: New buy: Sunbelt Rentals Holdings INC (SUNB); New buy: Zoetis INC (ZTS); New buy: Globus Medical INC - A (GMED); Sold out: Invesco S&p 500 Equal Weig C (RSPC); Sold out: Vanguard Tot World Stk ETF (VT).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SAP | Sap Se-sponsored Adr | +2% | +1532.83% | Add |
| 2 | TECH | Bio-techne CORP | +1.6% | +131.39% | Add |
| 3 | ALGN | Align Technology INC | +0.5% | -1.31% | Trim |
| 4 | MSA | Msa Safety INC | +0.3% | -1.95% | Trim |
| 5 | ICE | Intercontinental Exchange In | +0.1% | -2.39% | Trim |
| 6 | TSM | Taiwan Semiconductor-sp Adr | 0% | -15.00% | Trim |
| 7 | GLIBK | Liberty Capital Corp-cl C | — | -6.00% | Trim |
| 8 | NFLX | Netflix INC | — | +55.00% | Add |
| 9 | GLIBA | Liberty Capital CORP | — | -2.76% | Trim |
| 10 | MU | Micron Technology INC | — | — | Unchanged |
| 11 | STLA | Stellantis N.V. | — | -1.98% | Trim |
| 12 | GPI | Group 1 Automotive INC | — | +11.16% | Add |
| 13 | J | Jacobs Solutions INC | — | -3.07% | Trim |
| 14 | SPGI | S&p Global INC | — | — | Unchanged |
| 15 | VXUS | Vanguard Total Intl Stock | — | +8.72% | Add |
| 16 | SBGI | Sinclair INC | — | — | Unchanged |
| 17 | RMNI | Rimini Street INC | — | -5.05% | Trim |
| 18 | DG | Dollar General CORP | — | +0.83% | Add |
| 19 | SDHC | Smith Douglas Homes CORP | — | +18.68% | Add |
| 20 | KSPI | Jsc Kaspi.kz Adr | — | -0.71% | Trim |
| 21 | CPA | Copa Holdings, S.A. | — | — | Unchanged |
| 22 | VTI | Vanguard Total Stock Mkt ETF | — | +2.61% | Add |
| 23 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | -1.81% | Trim |
| 24 | EQH | Equitable Holdings INC | 0% | -0.44% | Trim |
| 25 | LAD | Lithia Motors INC | 0% | -2.00% | Trim |
| 26 | AXP | American Express Co | 0% | — | Unchanged |
| 27 | MSFT | Microsoft CORP | 0% | +6.97% | Add |
| 28 | BRK-A | Berkshire Hathaway Inc-cl A | -0.1% | -4.35% | Trim |
| 29 | FWONA | Liberty Media Corp-formula-a | -0.1% | -2.04% | Trim |
| 30 | LBRDA | Liberty Broadband-a | -0.3% | -65.72% | Trim |
| 31 | AMTM | Amentum Holdings INC | -0.4% | -32.21% | Trim |
| 32 | LBRDK | Liberty Broadband-c | -0.4% | -36.82% | Trim |
| 33 | GOOGL | Alphabet Inc-cl A | -0.5% | -2.63% | Trim |
| 34 | META | Meta Platforms Inc-class A | -0.6% | -15.84% | Trim |
| 35 | UNH | Unitedhealth Group INC | -0.6% | -2.36% | Trim |
| 36 | CHTR | Charter Communications Inc-a | -0.6% | -57.86% | Trim |
| 37 | FWONK | Liberty Media Corp-formula-c | -0.9% | -2.44% | Trim |
| 38 | ACN | Accenture plc | -0.9% | -1.61% | Trim |
| 39 | ELV | Elevance Health INC | -1.1% | -2.43% | Trim |
| 40 | GOOG | Alphabet Inc-cl C | -1.1% | -16.80% | Trim |
| 41 | SCHW | Schwab (charles) CORP | -1.4% | -15.73% | Trim |
| 42 | COF | Capital One Financial CORP | -1.7% | -2.43% | Trim |
| 43 | ICLR | ICON Public Limited Company | -1.8% | -2.68% | Trim |
| 44 | CACC | Credit Acceptance CORP | -2.7% | -72.73% | Trim |
| 45 | SUNB | Sunbelt Rentals Holdings INC | — | NEW | New buy |
| 46 | ZTS | Zoetis INC | — | NEW | New buy |
| 47 | GMED | Globus Medical INC - A | — | NEW | New buy |
| 48 | RSPC | Invesco S&p 500 Equal Weig C | — | EXIT | Sold out |
| 49 | VT | Vanguard Tot World Stk ETF | — | EXIT | Sold out |
| 50 | ATAI | Ataibeckley INC | — | NEW | New buy |
Filing History
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-13 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-14 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-14 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-15 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-14 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-15 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-13 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-15 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-13 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-14 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-16 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-17 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-16 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-16 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-14 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-15 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-14 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-14 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-14 | Amendment | View on EDGAR |
| 2019-06-30 | 2019-08-14 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-15 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-14 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-14 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-15 | 13F-HR | View on EDGAR |
FAQ
What is Ruane, Cunniff & Goldfarb L.P. and what type of investor is it?
Ruane, Cunniff & Goldfarb L.P. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $6.0B, spread across 50 disclosed positions.
What are Ruane, Cunniff & Goldfarb L.P.'s largest equity positions?
Based on the latest 13F filing, Ruane, Cunniff & Goldfarb L.P.'s top holdings by market value are:
1. Alphabet Inc-cl A (GOOGL) — $608.9M (10.1%)
2. Liberty Media Corp-formula-c (FWONK) — $455.5M (7.6%)
3. Schwab (charles) CORP (SCHW) — $443.1M (7.3%)
4. Intercontinental Exchange In (ICE) — $415.1M (6.9%)
5. Taiwan Semiconductor-sp Adr (TSM) — $408.4M (6.8%)
What changes did Ruane, Cunniff & Goldfarb L.P. make in its most recent portfolio filing?
In the latest reported quarter, Ruane, Cunniff & Goldfarb L.P. made 45 notable position adjustments: 4 new positions were initiated, 9 existing holdings were added to, 30 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: Sunbelt Rentals Holdings INC (SUNB); New buy: Zoetis INC (ZTS); New buy: Globus Medical INC - A (GMED); Sold out: Invesco S&p 500 Equal Weig C (RSPC); Sold out: Vanguard Tot World Stk ETF (VT)
What sectors does Ruane, Cunniff & Goldfarb L.P. focus on?
Ruane, Cunniff & Goldfarb L.P. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Communication Services: 26.7%
• Health Care: 25.1%
• Financials: 23.8%
• Information Technology: 12.5%
• Industrials: 11.9%
• Consumer Discretionary: 0.0%
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