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Ruane, Cunniff & Goldfarb L.P.

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13F filer, CIK 1720792, New York, NY

Ruane, Cunniff & Goldfarb L.P. reported $6,035,626,513 across 47 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 75.48% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000919574-25-006759

Period
2025-09-30
Reported value
$6.04B
Holdings
47
Top 10 weight
75.48%
New
7
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
MSAadded+756,219$130M
ELVadded+352,628$114M
TECHadded+1,321,338$73.5M
GLIBKnew+374,670$14M
SAPnew+46,000$12.3M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
Jreduced-1,062,775-$159M
METAreduced-153,537-$113M
SCHWreduced-283,261-$27M
TSMreduced-35,960-$10M
GOOGreduced-31,550-$7.68M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0000919574-25-006759, largest first. % of portfolio is the value over $6,035,626,513, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SCHWCHARLES SCHWAB CORP (THE)Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,450,286 shares; 2024Q4: 6,903,480 shares; 2025Q1: 6,761,375 shares; 2025Q2: 6,598,822 shares; 2025Q3: 6,315,561 shares 6,315,561$603M9.99%-283,261Timeline
FWONKLIBERTY MEDIA CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,081,334 shares; 2024Q4: 5,869,410 shares; 2025Q1: 5,755,304 shares; 2025Q2: 5,610,983 shares; 2025Q3: 5,568,989 shares 5,568,989$582M9.64%-41,994Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,667,043 shares; 2024Q4: 2,391,801 shares; 2025Q1: 2,372,844 shares; 2025Q2: 2,366,319 shares; 2025Q3: 2,356,719 shares 2,356,719$573M9.49%-9,600Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,904,689 shares; 2024Q4: 1,933,881 shares; 2025Q1: 1,866,293 shares; 2025Q2: 1,917,681 shares; 2025Q3: 1,881,721 shares 1,881,721$526M8.71%-35,960Timeline
ELVELEVANCE HEALTH INC FORMERLYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,004,533 shares; 2024Q4: 1,143,953 shares; 2025Q1: 1,122,920 shares; 2025Q2: 1,095,655 shares; 2025Q3: 1,448,283 shares 1,448,283$468M7.75%+352,628Timeline
ICEINTERCONTINENTAL EXCHANGE INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,012,488 shares; 2024Q4: 4,806,982 shares; 2025Q1: 2,794,096 shares; 2025Q2: 2,768,977 shares; 2025Q3: 2,743,291 shares 2,743,291$462M7.66%-25,686Timeline
COFCAPITAL ONE FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,771,238 shares; 2024Q4: 2,177,156 shares; 2025Q1: 2,130,414 shares; 2025Q2: 2,117,016 shares; 2025Q3: 2,098,124 shares 2,098,124$446M7.39%-18,892Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,460,992 shares; 2024Q4: 1,391,955 shares; 2025Q1: 1,328,509 shares; 2025Q2: 1,286,121 shares; 2025Q3: 1,254,571 shares 1,254,571$306M5.06%-31,550Timeline
ICLRICON PUB LTD COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,265,540 shares; 2025Q1: 1,254,350 shares; 2025Q2: 1,708,183 shares; 2025Q3: 1,700,994 shares 1,700,994$298M4.93%-7,189Timeline
MSAMSA SAFETY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 949,067 shares; 2025Q3: 1,705,286 shares 1,705,286$293M4.86%+756,219Timeline
CACCCREDIT ACCEP CORP MICHQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 681,604 shares; 2024Q4: 655,271 shares; 2025Q1: 643,101 shares; 2025Q2: 584,025 shares; 2025Q3: 578,459 shares 578,459$270M4.48%-5,566Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 966,315 shares; 2024Q4: 837,996 shares; 2025Q1: 822,168 shares; 2025Q2: 763,439 shares; 2025Q3: 758,223 shares 758,223$262M4.34%-5,216Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 567,157 shares; 2024Q4: 521,537 shares; 2025Q1: 510,972 shares; 2025Q2: 397,558 shares; 2025Q3: 244,021 shares 244,021$179M2.97%-153,537Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 434,304 shares; 2024Q4: 348,247 shares; 2025Q1: 336,982 shares; 2025Q2: 326,841 shares; 2025Q3: 322,552 shares 322,552$162M2.69%-4,289Timeline
LBRDKLIBERTY BROADBAND CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,514,729 shares; 2024Q4: 2,412,168 shares; 2025Q1: 2,383,453 shares; 2025Q2: 1,889,287 shares; 2025Q3: 1,874,237 shares 1,874,237$119M1.97%-15,050Timeline
CHTRCHARTER COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 455,023 shares; 2024Q4: 414,122 shares; 2025Q1: 400,460 shares; 2025Q2: 386,614 shares; 2025Q3: 373,432 shares 373,432$103M1.7%-13,182Timeline
BRK-ABERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 134 shares; 2024Q4: 126 shares; 2025Q1: 126 shares; 2025Q2: 117 shares; 2025Q3: 117 shares 117$88.2M1.46%0Timeline
TECHBIO-TECHNE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 152,417 shares; 2025Q3: 1,473,755 shares 1,473,755$82M1.36%+1,321,338Timeline
FWONALIBERTY MEDIA CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 790,661 shares; 2024Q4: 748,924 shares; 2025Q1: 741,230 shares; 2025Q2: 748,343 shares; 2025Q3: 742,310 shares 742,310$70.7M1.17%-6,033Timeline
AMTMAMENTUM HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,530,489 shares; 2024Q4: 2,436,294 shares; 2025Q1: 2,393,039 shares; 2025Q2: 2,441,743 shares; 2025Q3: 2,423,748 shares 2,423,748$58M0.96%-17,995Timeline
LBRDALIBERTY BROADBAND CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 709,767 shares; 2024Q4: 683,406 shares; 2025Q1: 674,067 shares; 2025Q2: 668,807 shares; 2025Q3: 669,160 shares 669,160$42.4M0.7%+353Timeline
GLIBKLIBERTY CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 374,670 shares 374,670$14M0.23%newTimeline
SAPSAP SEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 46,000 shares 46,000$12.3M0.2%newTimeline
GLIBALIBERTY CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 133,200 shares 133,200$5M0.08%newTimeline
EQHEQUITABLE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 40,844 shares; 2024Q4: 40,832 shares; 2025Q1: 40,728 shares; 2025Q2: 40,728 shares; 2025Q3: 40,636 shares 40,636$2.06M0.03%-92Timeline
GPIGROUP 1 AUTOMOTIVE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,386 shares; 2024Q4: 3,369 shares; 2025Q1: 3,361 shares; 2025Q2: 3,350 shares; 2025Q3: 3,610 shares 3,610$1.58M0.03%+260Timeline
JJACOBS SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,530,209 shares; 2024Q4: 1,210,914 shares; 2025Q1: 1,176,743 shares; 2025Q2: 1,072,124 shares; 2025Q3: 9,349 shares 9,349$1.4M0.02%-1,062,775Timeline
VTIVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,065 shares; 2024Q4: 1,158 shares; 2025Q1: 1,725 shares; 2025Q2: 2,551 shares; 2025Q3: 2,647 shares 2,647$869K0.01%+96Timeline
LADLITHIA MTRS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,728 shares; 2024Q4: 2,716 shares; 2025Q1: 2,716 shares; 2025Q2: 2,716 shares; 2025Q3: 2,716 shares 2,716$858K0.01%0Timeline
NFLXNETFLIX INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 606 shares; 2024Q4: 606 shares; 2025Q1: 606 shares; 2025Q2: 606 shares; 2025Q3: 604 shares 604$724K0.01%-2Timeline
VXUSVANGUARD STAR FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 4,121 shares; 2025Q2: 4,662 shares; 2025Q3: 5,301 shares 5,301$389K0.01%+639Timeline
MUMICRON TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,162 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,162 shares; 2025Q3: 2,162 shares 2,162$362K0.01%0Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 649 shares; 2024Q4: 649 shares; 2025Q1: 649 shares; 2025Q2: 689 shares; 2025Q3: 689 shares 689$357K0.01%0Timeline
AXPAMERICAN EXPRESS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 932 shares; 2024Q4: 932 shares; 2025Q1: 932 shares; 2025Q2: 932 shares; 2025Q3: 932 shares 932$310K0.01%0Timeline
CPACOPA HOLDINGS SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,555 shares; 2025Q1: 2,555 shares; 2025Q2: 2,555 shares; 2025Q3: 2,555 shares 2,555$304K0.01%0Timeline
KSPIKASPI KZ JSCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 3,712 shares 3,712$303K0.01%newTimeline
SBGISINCLAIR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,959 shares; 2024Q4: 17,959 shares; 2025Q1: 17,959 shares; 2025Q2: 17,959 shares; 2025Q3: 17,959 shares 17,959$271K<0.01%0Timeline
SPGIS&P GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 531 shares; 2024Q4: 531 shares; 2025Q1: 531 shares; 2025Q2: 531 shares; 2025Q3: 531 shares 531$258K<0.01%0Timeline
STLASTELLANTIS N.VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 51,673 shares; 2024Q4: 51,633 shares; 2025Q1: 39,677 shares; 2025Q2: 39,677 shares; 2025Q3: 27,313 shares 27,313$255K<0.01%-12,364Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 821 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 891 shares 891$227K<0.01%newTimeline
FERGFERGUSON ENTERPRISES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,000 shares; 2025Q3: 1,000 shares 1,000$225K<0.01%0Timeline
DGDOLLAR GEN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,144 shares; 2025Q3: 2,170 shares 2,170$224K<0.01%+26Timeline
ATAIBECKLEY INCATAIBECKLEY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 42,112 shares; 2024Q4: 42,112 shares; 2025Q1: 42,112 shares; 2025Q2: 42,112 shares; 2025Q3: 42,112 shares 42,112$223K<0.01%0
BLKBLACKROCK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 186 shares 186$217K<0.01%newTimeline
SDHCSMITH DOUGLAS HOMES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 12,209 shares 12,209$216K<0.01%newTimeline
KMXCARMAX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,825,488 shares; 2024Q4: 27,571 shares; 2025Q1: 6,280 shares; 2025Q2: 6,280 shares; 2025Q3: 4,469 shares 4,469$201K<0.01%-1,811Timeline
RMNIRIMINI STR INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 38,090 shares; 2024Q4: 37,955 shares; 2025Q1: 37,955 shares; 2025Q2: 37,955 shares; 2025Q3: 37,141 shares 37,141$174K<0.01%-814Timeline

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
EXPDEXPEDITORS INTL WASH INC21,902$2.5Mshares
VOOVANGUARD INDEX FDS682$387Kshares
RSGREPUBLIC SVCS INC817$201Kshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0000919574-25-006759 base2025-11-14acceptance time not in the bulk data set