13F portfolio / Concentrated, long-term value
Ruane, Cunniff & Goldfarb
Founded by Bill Ruane and Richard Cunniff
Ruane, Cunniff & Goldfarb is a New York City investment firm founded in 1969 by Bill Ruane and Richard Cunniff and later joined by Robert Goldfarb.
It manages the Sequoia Fund.
- Reported 13F value
- $6.4B
- Positions
- 54
- Est. 1-yearEstimate
- +7.7%SPY +15.7%
- Est. 3-year, annualizedEstimate
- +18.3%SPY +22.8%
As of Jun 30, 2026 · filed Aug 14, 2026
Holdings
4 new · 6 added · 30 trimmed · 14 unchanged · 0 sold out
| 1 | GOOGL on Yahoo Finance (opens in a new tab) | Alphabet IncCAP STK CL A | 11.1% | $713M | 1,994,274 | Trimmed -5.8% | $133.04* | $341.57 | +156.7% |
| 2 | TSM on Yahoo Finance (opens in a new tab) | Taiwan Semiconductor ManufacSPONSORED ADS | 8.7% | $560M | 1,172,725 | Trimmed -3.0% | $87.76* | $413.04 | +370.7% |
| 3 | FWONK on Yahoo Finance (opens in a new tab) | Liberty Media Corp DelCOM LBTY ONE S C | 7.7% | $497M | 5,223,453 | Trimmed -2.5% | $65.50* | $90.81 | +38.6% |
| 4 | SCHW on Yahoo Finance (opens in a new tab) | Schwab Charles CorpCOM | 6.6% | $422M | 4,571,355 | Trimmed -3.0% | $55.15* | $91.93 | +66.7% |
| 5 | COF on Yahoo Finance (opens in a new tab) | Capital One Finl CorpCOM | 6.1% | $392M | 1,956,084 | Trimmed -3.1% | $95.52* | $200.55 | +109.9% |
| 6 | ELV on Yahoo Finance (opens in a new tab) | Elevance Health Inc FormerlyCOM | 5.9% | $379M | 979,598 | Trimmed -29.4% | $392.68* | $428.93 | +9.2% |
| 7 | ICLR on Yahoo Finance (opens in a new tab) | ICON Pub Ltd CoSHS | 5.5% | $356M | 2,048,087 | Added +25.3% | $192.63 | $170.14 | -11.7% |
| 8 | GOOG on Yahoo Finance (opens in a new tab) | Alphabet IncCAP STK CL C | 5.1% | $327M | 924,866 | Trimmed -2.7% | $133.93* | $337.82 | +152.2% |
| 9 | SUNB on Yahoo Finance (opens in a new tab) | Sunbelt Rentals Holdings IncSHS | 5.0% | $319M | 4,261,163 | Trimmed -22.4% | $69.19 | $75.66 | +9.4% |
| 10 | ICE on Yahoo Finance (opens in a new tab) | Intercontinental Exchange InCOM | 4.9% | $315M | 2,560,747 | Trimmed -3.0% | $109.21* | $159.40 | +46.0% |
| 11 | MSA on Yahoo Finance (opens in a new tab) | Msa Safety IncCOM | 4.7% | $301M | 1,721,415 | Trimmed -3.1% | $161.27 | $178.58 | +10.7% |
| 12 | UNH on Yahoo Finance (opens in a new tab) | Unitedhealth Group IncCOM | 4.6% | $293M | 705,554 | Trimmed -3.1% | $460.22* | $401.73 | -12.7% |
| 13 | TECH on Yahoo Finance (opens in a new tab) | Bio-Techne CorpCOM | 3.7% | $237M | 3,348,841 | Trimmed -1.3% | $56.81 | $72.49 | +27.6% |
| 14 | ROP on Yahoo Finance (opens in a new tab) | Roper Technologies IncCOM | 3.6% | $228M | 674,902 | New | $339.30 | $381.04 | +12.3% |
| 15 | ALGN on Yahoo Finance (opens in a new tab) | Align Technology IncCOM | 3.1% | $198M | 1,171,455 | Trimmed -2.9% | $143.30 | $146.69 | +2.4% |
| 16 | SAP on Yahoo Finance (opens in a new tab) | SAP SeSPON ADR | 3.0% | $191M | 1,236,546 | Added +64.9% | $192.45 | $222.49 | +15.6% |
| 17 | ZTS on Yahoo Finance (opens in a new tab) | Zoetis IncCL A | 2.6% | $169M | 2,353,300 | Trimmed -3.0% | $122.18 | $79.00 | -35.3% |
| 18 | BRK/B on Yahoo Finance (opens in a new tab) | Berkshire Hathaway Inc DelCL B NEW | 2.3% | $150M | 300,672 | Trimmed -3.1% | $363.27* | $529.25 | +45.7% |
| 19 | ACN on Yahoo Finance (opens in a new tab) | Accenture PLC IrelandSHS CLASS A | 1.7% | $112M | 901,848 | Trimmed -2.8% | $246.95 | $225.94 | -8.5% |
| 20 | META on Yahoo Finance (opens in a new tab) | Meta Platforms IncCL A | 1.4% | $87M | 154,291 | Trimmed -23.3% | $298.26* | $706.95 | +137.0% |
| 21 | BRK/A on Yahoo Finance (opens in a new tab) | Berkshire Hathaway Inc DelCL A | 1.2% | $77M | 103 | Trimmed -6.4% | $551327.30* | $794223.56 | +44.1% |
| 22 | FWONA on Yahoo Finance (opens in a new tab) | Liberty Media Corp DelCOM LBTY ONE S A | 0.9% | $61M | 695,720 | Trimmed -3.9% | $58.71* | $82.93 | +41.3% |
| 23 | AMTM on Yahoo Finance (opens in a new tab) | Amentum Holdings IncCOM | 0.2% | $11M | 537,213 | Trimmed -66.9% | $28.34 | $19.25 | -32.1% |
| 24 | — | Liberty Broadband CorpCOM SER C | 0.2% | $10M | 303,309 | Trimmed -73.9% | — | — | — |
| 25 | CACC on Yahoo Finance (opens in a new tab) | Credit Accep Corp MichCOM | 0.1% | $3M | 5,279 | Trimmed -96.4% | $486.20* | $539.66 | +11.0% |
| 26 | MU on Yahoo Finance (opens in a new tab) | Micron Technology IncCOM | 0.0% | $2M | 2,162 | Unchanged | $93.16 | $893.53 | +859.2% |
| 27 | — | Liberty Broadband CorpCOM SER A | 0.0% | $2M | 73,945 | Trimmed -67.0% | — | — | — |
| 28 | GLIBK on Yahoo Finance (opens in a new tab) | Liberty Cap CorpSER C GCI GROUP | 0.0% | $2M | 114,119 | Trimmed -77.5% | $35.22 | $20.73 | -41.1% |
| 29 | EQH on Yahoo Finance (opens in a new tab) | Equitable Hldgs IncCOM | 0.0% | $2M | 40,310 | Unchanged | $26.50* | $53.07 | +100.3% |
| 30 | GPI on Yahoo Finance (opens in a new tab) | Group 1 Automotive IncCOM | 0.0% | $1M | 4,884 | Added +21.7% | $292.77* | $241.72 | -17.4% |
| 31 | VTI on Yahoo Finance (opens in a new tab) | Vanguard Index FdsTOTAL STK MKT | 0.0% | $1M | 2,973 | Added +8.2% | $283.38 | $373.91 | +31.9% |
| 32 | LAD on Yahoo Finance (opens in a new tab) | Lithia Mtrs IncCOM | 0.0% | $852K | 2,933 | Trimmed -1.8% | $290.40* | $292.85 | +0.8% |
| 33 | J on Yahoo Finance (opens in a new tab) | Jacobs Solutions IncCOM | 0.0% | $787K | 6,244 | Trimmed -0.7% | $106.87* | $140.53 | +31.5% |
| 34 | GLIBA on Yahoo Finance (opens in a new tab) | Liberty Cap CorpSER A GCI GROUP | 0.0% | $617K | 28,162 | Trimmed -77.9% | $35.52 | $20.43 | -42.5% |
| 35 | NFLX on Yahoo Finance (opens in a new tab) | Netflix Inc.COM | 0.0% | $578K | 8,091 | Unchanged | $95.81* | $70.36 | -26.6% |
| 36 | VXUS on Yahoo Finance (opens in a new tab) | Vanguard Star FdsVG TL INTL STK F | 0.0% | $549K | 6,420 | Added +8.6% | $64.19 | $83.40 | +29.9% |
| 37 | GMED on Yahoo Finance (opens in a new tab) | Globus Med IncCL A | 0.0% | $475K | 6,008 | Unchanged | $89.76 | $76.83 | -14.4% |
| 38 | SDHC on Yahoo Finance (opens in a new tab) | Smith Douglas Homes CorpCOM SHS CL A | 0.0% | $424K | 27,275 | Added +88.2% | $16.36 | $10.42 | -36.3% |
| 39 | CPA on Yahoo Finance (opens in a new tab) | Copa Holdings SACL A | 0.0% | $397K | 2,555 | Unchanged | $85.13 | $132.06 | +55.1% |
| 40 | KSPI on Yahoo Finance (opens in a new tab) | Kaspi KZ JscSPONSORED ADS | 0.0% | $341K | 3,934 | Trimmed -3.6% | $80.93 | $92.90 | +14.8% |
| 41 | AXP on Yahoo Finance (opens in a new tab) | American Express CoCOM | 0.0% | $315K | 932 | Unchanged | $201.09 | $312.73 | +55.5% |
| 42 | AAPL on Yahoo Finance (opens in a new tab) | Apple IncCOM | 0.0% | $278K | 961 | Unchanged | $227.50 | $342.77 | +50.7% |
| 43 | MSFT on Yahoo Finance (opens in a new tab) | Microsoft CorpCOM | 0.0% | $275K | 737 | Unchanged | $330.97* | $526.88 | +59.2% |
| 44 | SBGI on Yahoo Finance (opens in a new tab) | Sinclair IncCL A | 0.0% | $256K | 17,959 | Unchanged | $9.19* | $12.49 | +35.9% |
| 45 | DG on Yahoo Finance (opens in a new tab) | Dollar Gen CorpCOM | 0.0% | $252K | 2,188 | Unchanged | $96.76 | $133.86 | +38.3% |
| 46 | FERG on Yahoo Finance (opens in a new tab) | Ferguson Enterprises IncCOMMON STOCK NEW | 0.0% | $237K | 1,000 | Unchanged | $180.01 | $230.19 | +27.9% |
| 47 | VT on Yahoo Finance (opens in a new tab) | Vanguard Intl Equity Index FTT WRLD ST ETF | 0.0% | $224K | 1,426 | New | $151.71 | $156.67 | +3.3% |
| 48 | — | Ataibeckley IncCOM SHS | 0.0% | $222K | 42,112 | Unchanged | — | — | — |
| 49 | CHTR on Yahoo Finance (opens in a new tab) | Charter Communications IncCL A | 0.0% | $221K | 1,556 | Trimmed -99.0% | $273.03 | $110.45 | -59.5% |
| 50 | HGV on Yahoo Finance (opens in a new tab) | Hilton Grand Vacations IncCOM | 0.0% | $219K | 4,189 | New | $48.23 | $35.64 | -26.1% |
| 51 | SPGI on Yahoo Finance (opens in a new tab) | S&P Global IncCOM | 0.0% | $216K | 531 | Unchanged | $364.76 | $426.66 | +17.0% |
| 52 | BAC on Yahoo Finance (opens in a new tab) | Bank Of Amer CorpCOM | 0.0% | $207K | 3,625 | New | $52.72 | $51.48 | -2.4% |
| 53 | STLA on Yahoo Finance (opens in a new tab) | Stellantis N.VSHS | 0.0% | $144K | 25,075 | Unchanged | $16.16* | $4.38 | -72.9% |
| 54 | RMNI on Yahoo Finance (opens in a new tab) | Rimini Str Inc DelCOM | 0.0% | $143K | 33,666 | Trimmed -4.5% | $2.37* | $4.09 | +72.3% |
Sold out since Q1 2026
- No full exits this quarter.
Estimated, from reported holdings
Quarter by quarter
High-conviction buys (new positions at 3% or more of the portfolio) since Q3 2023: 5. Of 2 with six months of history, 0.0% beat the S&P 500 from the filing date.
Source: SEC Form 13F-HR 0000919574-26-005176, compared with the Q1 2026 report. 0 option rows are excluded from weights. Tickers map from CUSIP via OpenFIGI. Estimated returns weight each position’s next-quarter total return (Yahoo Finance adjusted closes) by its quarter-end value and assume no trades. Estimated cost averages daily adjusted closes in each quarter the share count rose, from Q3 2023 onward (* = held at the start of our data). Price is the latest close.
Important information
Form 13F data is delayed. Managers have up to 45 days after each calendar quarter to file, so holdings shown may have changed materially since the report date. 13F reports cover long positions in US-listed equities and certain other securities only; they exclude short positions, most non-US holdings, cash, bonds and private investments, and managers may request confidential treatment for some positions. Options rows are listed in filings but are not counted in the holdings and weights shown here.
Estimated holdings returns, estimated cost and high-conviction results are hypothetical calculations from quarter-end holdings and public prices, assuming no trades between reports. They are not the actual returns or costs of any fund or manager and do not reflect fees, trading, leverage, shorts or cash. Biographies are drawn from cited public sources. This page is for information only and is not individualized investment advice or a recommendation to buy or sell any security. Gulfstream Capital and its clients may hold positions in securities shown.