Quality value
Ruane, Cunniff &Amp; Goldfarb
Q2 2026 13F: 54 holdings worth about $6.4B; that quarter 4 new, 6 added, 30 trimmed, 0 sold out.
13F lists only long positions in US-listed stocks (and some ETFs and convertibles); short positions, cash, bonds, shares listed outside the US and private companies are not shown, so this is not the giant’s whole portfolio.
Why This Giant Is Included
- Rule numbers (Q2 2026): 54 holdings, top 10 = 67%, stocks $6.4B, options 0%; all four rules met
- Source for the value approach: About - Sequoia Fund (Sequoia Fund (Ruane Cunniff LP)): “At the core of our strategy is a belief that if we pay attractive prices to own attractive businesses” (checked 2026-10-11)
13F value
$6.4B
previous $6.0B (+6.6%)
Holdings
54
4 new / 0 sold out
Net deploymentest.
−3.7%
est. net buying ÷ last quarter’s portfolio
Top-10 concentration
67%
overlap with the composite 14%
Turnoverest.
6.0%
held 17 quarters on average
I
Trades in Q2 2026
Sorted by position shift: how many percentage points of the portfolio the trade moved.
How to Read This
Share changes are split-adjusted. Est. trade price = (start + end price) ÷ 2; 13F does not show the actual trade date or price.
II
All Holdings (49 Companies)
Share classes of one company are combined; click a heading to re-sort.
How to Read This
Est. average cost: shares bought each quarter × (start + end price) ÷ 2, weighted; trims do not change the cost. Positions held before Q1 1999 (or the giant’s earliest electronic filing) start from that quarter’s price and are marked ‘start point’. vs cost = quarter-end price ÷ est. average cost − 1, excluding dividends.
| Company | Weight (prev.) | Value | This quarter | Quarter-end price | vs cost |
|---|---|---|---|---|---|
| GOOGLAlphabet Inc | 16.2%14.6% | $1.0B | Trimmed −6% | $357.37 | +729% |
| TSMTaiwan Semiconductor Manufacturing | 8.7%6.8% | $560.1M | Trimmed −3% | $477.57 | +614% |
| FWONKLiberty Media Corp | 8.7%8.5% | $557.9M | Trimmed −2% | $95.14 | +53% |
| SCHWCharles Schwab Corp | 6.6%7.4% | $421.8M | Trimmed −3% | $92.27 | +155% |
| COFCapital One Financial Corp | 6.1%6.1% | $392.4M | Trimmed −3% | $200.62 | +102% |
| ELVElevance Health, Inc | 5.9%6.7% | $378.8M | Trimmed −29% | $386.73 | +2% |
| ICLRIcon PLC | 5.5%3.0% | $355.8M | Added +25% | $173.71 | −17% |
| SUNBSunbelt Rentals Holdings, Inc | 5.0%5.9% | $318.8M | Trimmed −22% | $74.81 | +15% |
| ICEIntercontinental Exchange, Inc | 4.9%6.9% | $315.3M | Trimmed −3% | $123.11 | +18% |
| MSAMSA Safety Inc | 4.7%4.8% | $300.5M | Trimmed −3% | $174.58 | +7% |
| UNHUnitedHealth Group Inc | 4.6%3.3% | $293.2M | Trimmed −3% | $415.63 | +46% |
| TECHBio-Techne Corp | 3.7%2.9% | $236.6M | Trimmed −1% | $70.65 | +29% |
| ROPRoper Technologies Inc | 3.6%— | $228.4M | New | $338.39 | −2% |
| BRK.BBerkshire Hathaway Inc | 3.5%3.8% | $227.6M | Trimmed −3% | $500.39 | +366% |
| ALGNAlign Technology Inc | 3.1%3.4% | $197.6M | Trimmed −3% | $168.66 | +20% |
| SAPSAP SE | 3.0%2.1% | $190.6M | Added +65% | $154.11 | −20% |
| ZTSZoetis Inc | 2.6%4.8% | $169.1M | Trimmed −3% | $71.86 | −41% |
| ACNAccenture plc | 1.7%3.1% | $112.2M | Trimmed −3% | $124.44 | −52% |
| METAMeta Platforms, Inc | 1.4%1.9% | $86.9M | Trimmed −23% | $563.29 | +186% |
| LBRDKLiberty Broadband | 0.2%1.2% | $12.5M | Trimmed −74% | $33.26 | −64% |
| AMTMAmentum Holdings, Inc | 0.2%0.7% | $11.1M | Trimmed −67% | $20.67 | −35% |
| CACCCredit Acceptance Corp | 0.1%1.0% | $3.4M | Trimmed −96% | $636.74 | +139% |
| GLIBKLiberty Capital Corp | 0.0%0.4% | $3.1M | Trimmed −77% | $21.56 | −42% |
| MUMicron Technology Inc | 0.0%0.0% | $2.5M | Held | $1,154 | +999% |
| EQHEquitable Holdings, Inc | 0.0%0.0% | $1.8M | Held | $43.88 | +68% |
| GPIGroup 1 Automotive Inc | 0.0%0.0% | $1.4M | Added +22% | $291.17 | +3% |
| VTIVanguard Total Stock Market ETF | 0.0%0.0% | $1.1M | Added +8% | $370.04 | +28% |
| LADLithia Motors Inc | 0.0%0.0% | $852K | Trimmed −2% | $290.49 | +24% |
| JJacobs Solutions Inc | 0.0%0.0% | $787K | Trimmed −1% | $126.00 | +119% |
| NFLXNetflix Inc | 0.0%0.0% | $578K | Held | $71.40 | +16% |
| VXUSVanguard Total International Stock | 0.0%0.0% | $549K | Added +9% | $85.49 | +29% |
| GMEDGlobus Medical Inc | 0.0%0.0% | $475K | Held | $79.01 | −9% |
| SDHCSmith Douglas Homes Corp | 0.0%0.0% | $424K | Added +88% | $15.54 | −4% |
| CPACopa Holdings, S.A | 0.0%0.0% | $397K | Held | $155.57 | +71% |
| KSPIJoint Stock Co Kaspi.kz | 0.0%0.0% | $341K | Trimmed −4% | $86.64 | +4% |
| AXPAmerican Express Co | 0.0%0.0% | $315K | Held | $338.25 | +63% |
| AAPLApple Inc | 0.0%0.0% | $278K | Held | $289.36 | +25% |
| MSFTMicrosoft Corp | 0.0%0.0% | $275K | Held | $373.02 | +14% |
| SBGISinclair, Inc | 0.0%0.0% | $256K | Held | $14.25 | −42% |
| DGDollar General Corp | 0.0%0.0% | $252K | Held | $115.11 | +13% |
| FERGFerguson Enterprises Inc. | 0.0%0.0% | $237K | Held | $237.33 | +26% |
| VTVanguard Tot World STK ETF | 0.0%— | $224K | New | $156.95 | +6% |
| ATAIAtaibeckley Inc | 0.0%0.0% | $222K | Held | $5.27 | +49% |
| CHTRCharter Communications, Inc /mo | 0.0%0.5% | $221K | Trimmed −99% | $142.21 | −52% |
| HGVHilton Grand Vacations Inc | 0.0%— | $219K | New | $52.37 | +14% |
| SPGIS&P Global Inc | 0.0%0.0% | $216K | Held | $407.26 | +1% |
| BACBank of America Corp | 0.0%— | $207K | New | $56.98 | +8% |
| STLAStellantis N.V | 0.0%0.0% | $144K | Held | $5.74 | −65% |
| RMNIRimini Street, Inc | 0.0%0.0% | $143K | Trimmed −5% | $4.26 | −18% |
III
Portfolio Map: Size Is Weight, Colour Is Gain or Loss against Cost
How to Read This
Each block is a company (up to 60); area = portfolio weight. The darker the colour, the further the quarter-end price is above (or below) the estimated cost: light 5–25%, medium 25–100%, darkest over 100%; grey is within 5%.
above costbelow costwithin 5%
IV
Over Time
From Q1 1999, 110 quarters (this giant’s electronic 13F filings).
13F Value
Holdings
Top-10 Concentration
Turnover (Est.)
Sector Mix
Information technologyFinancialsCommunication & mediaConsumer discretionaryIndustrialsHealth careEnergyOther (incl. unclassified)
V
Quarter by Quarter, with the Original Filings
* = not counted in that quarter’s totals. Links open the original SEC filing; 13F-HR/A is an amendment.
Show 110 Quarters
| Quarter | Holdings | 13F value | SEC |
|---|---|---|---|
| Q2 2026 | 54 | $6.4B | 13F-HR |
| Q1 2026 | 50 | $6.0B | 13F-HR |
| Q4 2025 | 48 | $6.4B | 13F-HR |
| Q3 2025 | 47 | $6.0B | 13F-HR |
| Q2 2025 | 43 | $5.8B | 13F-HR |
| Q1 2025 | 38 | $5.5B | 13F-HR |
| Q4 2024 | 39 | $5.9B | 13F-HR |
| Q3 2024 | 37 | $6.4B | 13F-HR |
| Q2 2024 | 37 | $6.4B | 13F-HR |
| Q1 2024 | 34 | $6.4B | 13F-HR |
| Q4 2023 | 33 | $6.3B | 13F-HR |
| Q3 2023 | 36 | $6.0B | 13F-HR |
| Q2 2023 | 34 | $6.3B | 13F-HR |
| Q1 2023 | 31 | $6.1B | 13F-HR |
| Q4 2022 | 32 | $6.4B | 13F-HR |
| Q3 2022 | 31 | $6.7B | 13F-HR |
| Q2 2022 | 31 | $7.7B | 13F-HR |
| Q1 2022 | 34 | $10.2B | 13F-HR |
| Q4 2021 | 34 | $11.7B | 13F-HR |
| Q3 2021 | 33 | $11.1B | 13F-HR |
| Q2 2021 | 35 | $11.3B | 13F-HR |
| Q1 2021 | 37 | $10.6B | 13F-HR |
| Q4 2020 | 38 | $9.4B | 13F-HR |
| Q3 2020 | 35 | $8.4B | 13F-HR |
| Q2 2020 | 37 | $7.5B | 13F-HR |
| Q1 2020 | 38 | $6.2B | 13F-HR |
| Q4 2019 | 39 | $8.1B | 13F-HR |
| Q3 2019 | 40 | $7.6B | 13F-HR |
| Q2 2019 | 37 | $7.4B | 13F-HR 13F-HR/A |
| Q1 2019 | 51 | $9.8B | 13F-HR |
| Q4 2018 | 57 | $9.1B | 13F-HR |
| Q3 2018 | 61 | $10.9B | 13F-HR |
| Q2 2018 | 61 | $11.2B | 13F-HR |
| Q1 2018 | 59 | $10.9B | 13F-HR 13F-HR |
| Q4 2017 | 66 | $12.2B | 13F-HR |
| Q3 2017 | 69 | $11.4B | 13F-HR |
| Q2 2017 | 70 | $10.8B | 13F-HR |
| Q1 2017 | 88 | $10.6B | 13F-HR |
| Q4 2016 | 92 | $10.6B | 13F-HR |
| Q3 2016 | 99 | $10.7B | 13F-HR |
| Q2 2016 | 116 | $10.5B | 13F-HR |
| Q1 2016 | 132 | $12.9B | 13F-HR |
| Q4 2015 | 143 | $17.6B | 13F-HR |
| Q3 2015 | 150 | $19.5B | 13F-HR |
| Q2 2015 | 149 | $21.0B | 13F-HR |
| Q1 2015 * | 156 | $21.1B | 13F-HR |
| Q4 2014 * | 156 | $19.6B | 13F-HR |
| Q3 2014 | 161 | $18.9B | 13F-HR |
| Q2 2014 | 150 | $18.7B | 13F-HR |
| Q1 2014 | 144 | $18.7B | 13F-HR |
| Q4 2013 | 143 | $18.0B | 13F-HR |
| Q3 2013 | 147 | $16.8B | 13F-HR |
| Q2 2013 | 148 | $15.5B | 13F-HR |
| Q1 2013 | 145 | $15.2B | 13F-HR |
| Q4 2012 | 145 | $13.3B | 13F-HR |
| Q3 2012 | 144 | $13.2B | 13F-HR |
| Q2 2012 | 134 | $12.3B | 13F-HR |
| Q1 2012 | 142 | $12.9B | 13F-HR |
| Q4 2011 | 142 | $11.5B | 13F-HR |
| Q3 2011 | 130 | $9.7B | 13F-HR |
| Q2 2011 | 143 | $11.0B | 13F-HR 13F-HR/A |
| Q1 2011 | 150 | $10.5B | 13F-HR |
| Q4 2010 * | 152 | $9.5B | 13F-HR |
| Q3 2010 | 152 | $8.8B | 13F-HR |
| Q2 2010 | 149 | $8.1B | 13F-HR |
| Q1 2010 | 156 | $7.8B | 13F-HR |
| Q4 2009 | 148 | $7.8B | 13F-HR |
| Q3 2009 | 136 | $7.7B | 13F-HR |
| Q2 2009 | 145 | $6.9B | 13F-HR |
| Q1 2009 * | 156 | $6.4B | 13F-HR 13F-HR/A |
| Q4 2008 * | 166 | $7.0B | 13F-HR |
| Q3 2008 * | 190 | $9.5B | 13F-HR |
| Q2 2008 * | 211 | $10.5B | 13F-HR |
| Q1 2008 * | 208 | $11.5B | 13F-HR |
| Q4 2007 * | 204 | $12.6B | 13F-HR |
| Q3 2007 * | 212 | $12.9B | 13F-HR |
| Q2 2007 * | 223 | $12.4B | 13F-HR |
| Q1 2007 * | 224 | $12.5B | 13F-HR |
| Q4 2006 * | 221 | $13.1B | 13F-HR |
| Q3 2006 * | 227 | $13.3B | 13F-HR |
| Q2 2006 * | 222 | $13.2B | 13F-HR |
| Q1 2006 * | 232 | $13.8B | 13F-HR |
| Q4 2005 * | 226 | $13.7B | 13F-HR |
| Q3 2005 * | 225 | $12.7B | 13F-HR |
| Q2 2005 * | 219 | $12.6B | 13F-HR |
| Q1 2005 * | 219 | $12.6B | 13F-HR |
| Q4 2004 * | 212 | $12.9B | 13F-HR |
| Q3 2004 * | 193 | $12.6B | 13F-HR |
| Q2 2004 * | 188 | $12.8B | 13F-HR |
| Q1 2004 * | 185 | $12.8B | 13F-HR |
| Q4 2003 * | 173 | $12.1B | 13F-HR |
| Q3 2003 * | 156 | $10.6B | 13F-HR 13F-HR/A |
| Q2 2003 * | 167 | $10.2B | 13F-HR |
| Q1 2003 * | 172 | $9.1B | 13F-HR |
| Q4 2002 * | 178 | $9.7B | 13F-HR |
| Q3 2002 * | 185 | $9.4B | 13F-HR |
| Q2 2002 * | 181 | $8.9B | 13F-HR 13F-HR/A |
| Q1 2002 * | 174 | $9.1B | 13F-HR |
| Q4 2001 * | 187 | $9.1B | 13F-HR 13F-HR/A 13F-HR/A |
| Q3 2001 * | 175 | $8.3B | 13F-HR 13F-HR/A |
| Q2 2001 * | 179 | $8.4B | 13F-HR 13F-HR/A |
| Q1 2001 * | 197 | $7.9B | 13F-HR 13F-HR/A 13F-HR/A |
| Q4 2000 * | 197 | $8.1B | 13F-HR 13F-HR/A 13F-HR/A |
| Q3 2000 * | 214 | $7.6B | 13F-HR 13F-HR/A |
| Q2 2000 * | 201 | $6.5B | 13F-HR 13F-HR/A |
| Q1 2000 * | 203 | $7.4B | 13F-HR 13F-HR/A |
| Q4 1999 * | 200 | $8.0B | 13F-HR 13F-HR/A |
| Q3 1999 * | 202 | $7.7B | 13F-HR 13F-HR/A 13F-HR/A |
| Q2 1999 * | 208 | $9.1B | 13F-HR 13F-HR/A |
| Q1 1999 * | 199 | $9.3B | 13F-HR 13F-HR/A |
VI
Large Positions Sold Out
Positions that once made up 2% or more of the portfolio and were later sold out (latest 40): holding period and what became of the company, without profit or loss.
How to Read This
Sold out means the holding no longer appears on the 13F: it may have been sold, or the company was acquired or delisted. Company status is checked only for companies the giants together once held $100M or more of, from the company’s own SEC filings (for example 8-K item 1.03 = bankruptcy filing); a dash means not checked.
| Company | Held | Peak weight | Company since |
|---|---|---|---|
| KMXCarMax Inc | Q2 2016 – Q4 2025 | 12% | — |
| MUMicron Technology Inc | Q1 2021 – Q4 2024 | 6% | — |
| MHKMohawk Industries Inc | Q2 2001 – Q3 2024 | 10% | — |
| AMZNAmazon.com Inc | Q4 2016 – Q4 2023 | 9% | — |
| LLYVKLiberty Live Holdings, Inc | Q4 2016 – Q4 2023 | 9% | — |
| WWayfair Inc | Q3 2019 – Q4 2022 | 8% | Still filing with the SEC |
| EXPDExpeditors International | Q1 1999 – Q2 2022 | 7% | Still filing with the SEC |
| DISWalt Disney Co | Q2 2020 – Q2 2022 | 5% | — |
| —Arista Networks, Inc | Q2 2019 – Q3 2021 | 7% | Still filing with the SEC |
| FISFidelity National Information Services, Inc | Q3 2020 – Q3 2021 | 3% | — |
| MAMastercard Inc | Q2 2006 – Q2 2021 | 7% | — |
| VVisa Inc | Q1 2008 – Q2 2021 | 3% | — |
| —Stellantis N.V. | Q1 2017 – Q1 2021 | 4% | Still filing with the SEC |
| JDJD.com, Inc | Q1 2016 – Q3 2020 | 3% | — |
| BKNGBooking Holdings Inc | Q1 2018 – Q2 2020 | 5% | — |
| TJXTJX Companies Inc | Q3 2000 – Q1 2020 | 11% | — |
| WFCWells Fargo & Co | Q4 2011 – Q1 2020 | 3% | — |
| IDXXIdexx Laboratories Inc | Q3 2003 – Q4 2019 | 9% | — |
| AABAAltaba Inc | Q1 2018 – Q3 2019 | 3% | Acquired or delisted Oct 7, 2019 |
| EAElectronic Arts Inc | Q4 2018 – Q2 2019 | 3% | — |
| BABAAlibaba Group Holding Ltd | Q3 2018 – Q2 2019 | 2% | — |
| PGRProgressive Corp | Q1 1999 – Q1 2019 | 22% | — |
| FASTFastenal Co | Q1 2001 – Q1 2019 | 9% | — |
| ORLYO’Reilly Automotive Inc | Q4 2010 – Q1 2019 | 6% | — |
| XRAYDentsply Sirona Inc | Q1 2016 – Q1 2019 | 5% | — |
| WATWaters Corp | Q3 2010 – Q4 2018 | 3% | — |
| OMCOmnicom Group | Q1 2009 – Q4 2018 | 3% | — |
| GSGoldman Sachs Group Inc | Q2 2010 – Q4 2018 | 3% | — |
| PRIPrimerica, Inc | Q2 2010 – Q4 2018 | 2% | — |
| WUBA58.COM Inc | Q2 2014 – Q2 2018 | 2% | Acquired or delisted Sep 28, 2020 |
| —Booking Holdings Inc | Q1 2017 – Q1 2018 | 3% | Still filing with the SEC |
| CMGChipotle Mexican Grill Inc | Q1 2016 – Q1 2018 | 2% | Still filing with the SEC |
| BIDUBaidu, Inc | Q2 2016 – Q4 2017 | 5% | — |
| IBMInternational Business Machines Corp | Q1 1999 – Q2 2017 | 3% | — |
| BHCBausch Health Companies Inc | Q3 2010 – Q4 2016 | 36% | Still filing with the SEC |
| USBUS Bancorp | Q1 1999 – Q4 2016 | 3% | — |
| BROBrown & Brown Inc | Q1 1999 – Q4 2016 | 3% | — |
| WMTWalmart Inc | Q1 1999 – Q4 2016 | 3% | — |
| AGNAllergan Unltd Co | Q3 2015 – Q4 2016 | 2% | Acquired or delisted May 21, 2020 |
| FITBFifth Third Bancorp | Q1 1999 – Q2 2016 | 17% | — |