Ruane Cunniff & Goldfarb LP
The positions Ruane Cunniff & Goldfarb LP reported on its Form 13F for Q2 2026, the quarter ending 30 Jun 2026, filed on 14 Aug 2026. Every figure below is the filing’s own: US-listed long equity, valued at the quarter end, with the change measured against the same manager’s previous filing.
What Ruane Cunniff & Goldfarb LP wrote
Letters & Theses4 reviewed claims from Ruane Cunniff & Goldfarb LP’s letters: what it argued, company by company, beside what it owns.
- Sequoia Fund's discussion of its 2025 performance · 26 Feb 2026
- Sequoia Fund's discussion of its 2024 performance · 4 Mar 2025
- Sequoia Fund's 2001 letter to shareholders, written after Enron · 19 Feb 2002
Reported book is the quarter-end market value of the securities on the 13F, mostly US-listed long equity. It is not the manager’s assets under management: shorts, cash, leverage and most non-US or private holdings sit outside it.
Opened this quarter
A new position is the clearest thing a filing says. Somebody argued for it recently, and it is the easiest question to be ready for.
Sold out of this quarter
Exits are valued at what the position was worth in the previous filing, because by this one it is gone.
Nothing was sold out of. Every name held last quarter is still on the filing.
Every reported position, Q2 2026
54 positions, sorted by weight
| Position | Weight ↓ | Value | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Alphabet Inc (GOOGL) Capital Stock Class A · CUSIP 02079K305 | 11% | $713m | 1,994,274 | +$104m -123,370 shares | Trimmed |
| Taiwan Semiconductor Manufac (TSM) Sponsored ADS · CUSIP 874039100 | 8.7% | $560m | 1,172,725 | +$152m -35,694 shares | Trimmed |
| Liberty Media Corp Del (FWONK) Common Lbty ONE S C · CUSIP 531229755 | 7.7% | $497m | 5,223,453 | +$42m -133,715 shares | Trimmed |
| Schwab Charles Corp (SCHW) CUSIP 808513105 | 6.6% | $422m | 4,571,355 | -$21m -143,425 shares | Trimmed |
| Capital One Finl Corp (COF) CUSIP 14040H105 | 6.1% | $392m | 1,956,084 | +$24m -61,723 shares | Trimmed |
| Elevance Health Inc Formerly (ELV) CUSIP 036752103 | 5.9% | $379m | 979,598 | -$28m -408,370 shares | Trimmed |
| Icon Pub LTD Co (ICLR) CUSIP G4705A100 | 5.5% | $356m | 2,048,087 | +$175m +413,476 shares | Added |
| Alphabet Inc (GOOG) Capital Stock Class C · CUSIP 02079K107 | 5.1% | $327m | 924,866 | +$54m -25,528 shares | Trimmed |
| Sunbelt Rentals Holdings Inc (SUNB) CUSIP 866966104 | 5.0% | $319m | 4,261,163 | -$39m -1,227,098 shares | Trimmed |
| Intercontinental Exchange In (ICE) CUSIP 45866F104 | 4.9% | $315m | 2,560,747 | -$100m -78,625 shares | Trimmed |
| Msa Safety Inc (MSA) CUSIP 553498106 | 4.7% | $301m | 1,721,415 | +$9.3m -54,867 shares | Trimmed |
| Unitedhealth Group Inc (UNH) CUSIP 91324P102 | 4.6% | $293m | 705,554 | +$96m -22,853 shares | Trimmed |
| Bio-techne Corp (TECH) CUSIP 09073M104 | 3.7% | $237m | 3,348,841 | +$59m -43,160 shares | Trimmed |
| Roper Technologies Inc (ROP) CUSIP 776696106 | 3.6% | $228m | 674,902 | No earlier filing | New |
| Align Technology Inc (ALGN) CUSIP 016255101 | 3.1% | $198m | 1,171,455 | -$9.3m -35,080 shares | Trimmed |
| SAP Se (SAP) Sponsored ADR · CUSIP 803054204 | 3.0% | $191m | 1,236,546 | +$62m +486,637 shares | Added |
| Zoetis Inc (ZTS) Class A · CUSIP 98978V103 | 2.6% | $169m | 2,353,300 | -$118m -71,710 shares | Trimmed |
| Berkshire Hathaway Inc Del (BRK-B) Class B New · CUSIP 084670702 | 2.3% | $151m | 300,672 | +$1.7m -9,716 shares | Trimmed |
| Accenture PLC Ireland (ACN) Shares Class A · CUSIP G1151C101 | 1.7% | $112m | 901,848 | -$72m -26,356 shares | Trimmed |
| Meta Platforms Inc (META) Class A · CUSIP 30303M102 | 1.4% | $87m | 154,291 | -$28m -46,856 shares | Trimmed |
| Berkshire Hathaway Inc Del Class A · CUSIP 084670108 | 1.2% | $77m | 103 | -$1.9m -7 shares | Trimmed |
| Liberty Media Corp Del (FWONA) Common Lbty ONE S A · CUSIP 531229771 | 0.9% | $61m | 695,720 | +$4.4m -28,122 shares | Trimmed |
| Amentum Holdings Inc (AMTM) CUSIP 023939101 | 0.2% | $11m | 537,213 | -$31m -1,085,769 shares | Trimmed |
| Liberty Broadband Corp (LBRDK) Common Series C · CUSIP 530307305 | 0.2% | $10m | 303,309 | -$48m -860,139 shares | Trimmed |
| Credit Accep Corp Mich (CACC) CUSIP 225310101 | 0.1% | $3.4m | 5,279 | -$59m -140,924 shares | Trimmed |
| Micron Technology Inc (MU) CUSIP 595112103 | 0.0% | $2.5m | 2,162 | +$1.8m 0 shares | Held |
| Liberty Broadband Corp (LBRDA) Common Series A · CUSIP 530307107 | 0.0% | $2.5m | 73,945 | -$8.8m -149,815 shares | Trimmed |
| Liberty Cap Corp (GLIBK) Series C GCI Group · CUSIP 36164V800 | 0.0% | $2.5m | 114,119 | No earlier filing | New |
| Equitable HLDGS Inc (EQH) CUSIP 29452E101 | 0.0% | $1.8m | 40,310 | +$300k -149 shares | Trimmed |
| Group 1 Automotive Inc (GPI) CUSIP 398905109 | 0.0% | $1.4m | 4,884 | +$100k +871 shares | Added |
| Vanguard Index Total Stock MKT (VTI) CUSIP 922908769 | 0.0% | $1.1m | 2,973 | +$200k +225 shares | Added |
| Lithia MTRS Inc (LAD) CUSIP 536797103 | 0.0% | $900k | 2,933 | +$100k -55 shares | Trimmed |
| Jacobs Solutions Inc (J) CUSIP 46982L108 | 0.0% | $800k | 6,244 | unchanged -44 shares | Trimmed |
| Liberty Cap Corp (GLIBA) Series A GCI Group · CUSIP 36164V602 | 0.0% | $600k | 28,162 | No earlier filing | New |
| Netflix Inc. (NFLX) CUSIP 64110L106 | 0.0% | $600k | 8,091 | -$200k 0 shares | Held |
| Vanguard Star FDS (VXUS) VG TL Intl Stock F · CUSIP 921909768 | 0.0% | $500k | 6,420 | +$100k +508 shares | Added |
| Globus Med Inc (GMED) Class A · CUSIP 379577208 | 0.0% | $500k | 6,008 | unchanged 0 shares | Held |
| Smith Douglas Homes Corp (SDHC) Common Shares Class A · CUSIP 83207R107 | 0.0% | $400k | 27,275 | +$200k +12,785 shares | Added |
| Copa Holdings SA (CPA) Class A · CUSIP P31076105 | 0.0% | $400k | 2,555 | +$100k 0 shares | Held |
| Kaspi KZ JSC (KSPI) Sponsored ADS · CUSIP 48581R205 | 0.0% | $300k | 3,934 | unchanged -149 shares | Trimmed |
| American Express Co (AXP) CUSIP 025816109 | 0.0% | $300k | 932 | unchanged 0 shares | Held |
| Apple Inc (AAPL) CUSIP 037833100 | 0.0% | $300k | 961 | unchanged 0 shares | Held |
| Microsoft Corp (MSFT) CUSIP 594918104 | 0.0% | $300k | 737 | unchanged 0 shares | Held |
| Sinclair Inc (SBGI) Class A · CUSIP 829242106 | 0.0% | $300k | 17,959 | unchanged 0 shares | Held |
| Dollar Gen Corp (DG) CUSIP 256677105 | 0.0% | $300k | 2,188 | unchanged 0 shares | Held |
| Ferguson Enterprises Inc (FERG) Common Stock New · CUSIP 31488V107 | 0.0% | $200k | 1,000 | unchanged 0 shares | Held |
| Vanguard Intl Equity Index TT Wrld ST ETF (VT) CUSIP 922042742 | 0.0% | $200k | 1,426 | No earlier filing | New |
| Ataibeckley Inc (ATAI) CUSIP 04650F101 | 0.0% | $200k | 42,112 | +$100k 0 shares | Held |
| Charter Communications Inc (CHTR) Class A · CUSIP 16119P108 | 0.0% | $200k | 1,556 | -$33m -151,007 shares | Trimmed |
| Hilton Grand Vacations Inc (HGV) CUSIP 43283X105 | 0.0% | $200k | 4,189 | No earlier filing | New |
| S&P Global Inc (SPGI) CUSIP 78409V104 | 0.0% | $200k | 531 | unchanged 0 shares | Held |
| Bank of Amer Corp (BAC) CUSIP 060505104 | 0.0% | $200k | 3,625 | No earlier filing | New |
| Stellantis N.v (STLA) CUSIP N82405106 | 0.0% | $100k | 25,075 | unchanged 0 shares | Held |
| Rimini STR Inc Del (RMNI) CUSIP 76674Q107 | 0.0% | $100k | 33,666 | unchanged -1,599 shares | Trimmed |
Every filing on file
| Quarter | Period end | Filed | Book | Positions | Top 10 | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | 30 Jun 2026 | 14 Aug 2026 | $6.4bn | 54 | 67% | 13F-HR |
| Q1 2026 | 31 Mar 2026 | 15 May 2026 | $6.0bn | 50 | 67% | 13F-HR |
| Q4 2025 | 31 Dec 2025 | 13 Feb 2026 | $6.4bn | 48 | 72% | 13F-HR |
| Q3 2025 | 30 Sept 2025 | 14 Nov 2025 | $6.0bn | 47 | 75% | 13F-HR |
| Q2 2025 | 30 Jun 2025 | 14 Aug 2025 | $5.8bn | 43 | 73% | 13F-HR |
| Q1 2025 | 31 Mar 2025 | 15 May 2025 | $5.5bn | 38 | 75% | 13F-HR |
| Q4 2024 | 31 Dec 2024 | 14 Feb 2025 | $5.9bn | 39 | 76% | 13F-HR |
| Q3 2024 | 30 Sept 2024 | 14 Nov 2024 | $6.4bn | 37 | 76% | 13F-HR |
Taking this into the room
Pick one name from the top of the book and one from the new positions, and know both properly: what the company earns, what it is priced at, and what has to be true for the position to work. That is a conversation. Reciting the whole table is not, and the interviewer wrote it.
A position sold out of is worth as much preparation as one opened. Ask what changed rather than asserting the fund was wrong, and be ready for the answer that the thesis played out and the money went somewhere better.
What this filing leaves out
A 13F covers US-listed long equity at one moment in time. Shorts, bonds, cash, private positions and non-US listings never appear, and options are reported in a form that will mislead you if you read them as a position. A long/short manager showing $8bn here may run a book several times that size.
The lag matters too. Positions are as at the quarter end and the filing arrives up to forty-five days later, so what you are reading is at least six weeks old and possibly four months. Phrase it as what the filing showed, not what the fund holds today.
You have read the book. Now have a view on one name
Pick a position, work out what it is worth, and be ready to defend it. That is the difference between a candidate who read the filing and one who did something with it.
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