Ruane, Cunniff & Goldfarb L.P.

New York, NY · CIK 1720792 · 13F filing filed 2023-08-14

SEC-registered investment adviser since 2017 · limited partnership

Assets managed$10.5bn
Staff52 · 12 in investment roles
Main clients (by assets)High net worth individuals 37%, Mutual funds and ETFs 36%, Pension plans 17%
Form ADV · 2026-03-31SEC adviser record

Legal entityRUANE, CUNNIFF & GOLDFARB L.P. (US)
Part of RUANE, CUNNIFF & GOLDFARB INC. (US)

$6.3bn reported value +3.6% vs Q1 2023

34positions

76.1%in top 10

4 new 8 added 19 reduced 1 sold out vs Q1 2023

Holdings, Q2 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	5,944,272	$672.2m10.60%	10.60%	Reduced -115.0k	-115,004 -1.9%
2	UNITEDHEALTH GROUP INC COM UNH	UNH	1,128,630	$542.5m8.56%	8.56%	Added +25.8k	+25,811 2.3%
3	LIBERTY MEDIA CORP DEL COM SER C FRMLA FWONK	FWONK	7,093,216	$534.0m8.42%	8.42%	Reduced -104.8k	-104,824 -1.5%
4	SCHWAB CHARLES CORP COM SCHW	SCHW	8,948,669	$507.2m8.00%	8.00%	Added +709.0k	+708,991 8.6%
5	CARMAX INC COM KMX	KMX	6,030,220	$504.7m7.96%	7.96%	Reduced -102.9k	-102,924 -1.7%
6	ELEVANCE HEALTH INC COM ELV	ELV	1,048,648	$465.9m7.35%	7.35%	Added +241.5k	+241,524 29.9%
7	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	4,323,936	$436.4m6.88%	6.88%	Reduced -76.9k	-76,884 -1.8%
8	CREDIT ACCEP CORP MICH COM CACC	CACC	788,445	$400.5m6.32%	6.32%	Added +7.0k	+6,953 0.9%
9	ALPHABET INC CAP STK CL A GOOGL	GOOGL	3,262,832	$390.6m6.16%	6.16%	Reduced -286.8k	-286,821 -8.1%
10	CAPITAL ONE FINL CORP COM COF	COF	3,403,537	$372.2m5.87%	5.87%	Added +710.2k	+710,159 26.4%
11	JACOBS SOLUTIONS INC COM J	J	2,954,118	$351.2m5.54%	5.54%	Added +313.3k	+313,334 11.9%
12	META PLATFORMS INC CL A META	META	923,707	$265.1m4.18%	4.18%	Reduced -352.0k	-351,982 -27.6%
13	LIBERTY BROADBAND CORP COM SER C LBRDK	LBRDK	3,286,361	$263.3m4.15%	4.15%	Added +999.9k	+999,886 43.7%
14	ALPHABET INC CAP STK CL C GOOG	GOOG	1,965,751	$237.8m3.75%	3.75%	Reduced -74.2k	-74,157 -3.6%
15	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	490,679	$167.3m2.64%	2.64%	Reduced -336	-336 -0.1%
16	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	174	$90.1m1.42%	1.42%	Reduced -8	-8 -4.4%
17	LIBERTY BROADBAND CORP COM SER A LBRDA	LBRDA	812,705	$64.8m1.02%	1.02%	Reduced -8.9k	-8,873 -1.1%
18	LIBERTY MEDIA CORP DEL COM SER A FRMLA FWONA	FWONA	920,464	$62.2m0.98%	0.98%	Reduced -17.5k	-17,453 -1.9%
19	SENDAS DISTRIBUIDORA S A SPON ADS ASAIY	ASAIY	139,327	$2.0m0.03%	0.03%	Reduced -1.4k	-1,370 -1.0%
20	EQUITABLE HLDGS INC COM EQH	EQH	41,057	$1.1m0.02%	0.02%	Reduced -139	-139 -0.3%
21	MOHAWK INDS INC COM MHK	MHK	10,790	$1.1m0.02%	0.02%	Unchanged
22	STELLANTIS N.V SHS STLA	STLA	55,722	$977.4k0.02%	0.02%	Reduced -5.9k	-5,948 -9.6%
23	NETFLIX INC COM NFLX	NFLX	1,942	$855.4k0.01%	0.01%	Reduced -614.6k	-614,552 -99.7%
24	BUILDERS FIRSTSOURCE INC COM BLDR	BLDR	5,800	$788.8k0.01%	0.01%	Reduced -44.2k	-44,175 -88.4%
25	AMAZON COM INC COM AMZN	AMZN	6,020	$784.8k0.01%	0.01%	Reduced -7.3k	-7,300 -54.8%
26	LITHIA MTRS INC COM LAD	LAD	2,374	$722.0k0.01%	0.01%	Added +216	+216 10.0%
27	GROUP 1 AUTOMOTIVE INC COM GPI	GPI	2,619	$676.0k0.01%	0.01%	New
28	MICRON TECHNOLOGY INC COM MU	MU	6,981	$440.6k0.01%	0.01%	Reduced -4.7m	-4,657,030 -99.8%
29	ISHARES TR MRNING SM CP ETF ISCV	ISCV	6,380	$344.6k0.01%	0.01%	Unchanged
30	SINCLAIR INC CL A SBGI	SBGI	17,959	$248.2k0.00%	0.00%	New
31	MICROSOFT CORP COM MSFT	MSFT	692	$235.7k0.00%	0.00%	New
32	S&P GLOBAL INC COM SPGI	SPGI	531	$212.9k0.00%	0.00%	New
33	RIMINI STR INC DEL COM RMNI	RMNI	24,073	$115.3k0.00%	0.00%	Reduced -860	-860 -3.5%
34	ATAI LIFE SCIENCES NV SHS ATAI	ATAI	42,112	$72.4k0.00%	0.00%	Unchanged

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
SINCLAIR BROADCAST GROUP INC SBGI	SBGI	17,959	$308.2k18.0k shares