Ruane, Cunniff & Goldfarb L.P. 13F annual report

Ruane, Cunniff & Goldfarb L.P. is an investment fund managing more than $6.73 billion ran by Wendy Goodrich. There are currently 27 companies in Mrs. Goodrich’s portfolio. The largest investments include Unitedhealth Inc and Schwab Charles Corp, together worth $1.29 billion.

$6.73 billion Assets Under Management (AUM)

As of 7th November 2022, Ruane, Cunniff & Goldfarb L.P.’s top holding is 1,320,091 shares of Unitedhealth Inc currently worth over $667 million and making up 9.9% of the portfolio value. Relative to the number of outstanding shares of Unitedhealth Inc, Ruane, Cunniff & Goldfarb L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 8,720,090 shares of Schwab Charles Corp worth $627 million. The third-largest holding is Intercontinental Exchange In worth $580 million and the next is Liberty Media worth $597 million, with 10,300,345 shares owned.

Currently, Ruane, Cunniff & Goldfarb L.P.'s portfolio is worth at least $6.73 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Ruane, Cunniff & Goldfarb L.P.

The Ruane, Cunniff & Goldfarb L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Wendy Goodrich serves as the Executive Vice President & COO/CTO at Ruane, Cunniff & Goldfarb L.P..

Recent trades

In the most recent 13F filing, Ruane, Cunniff & Goldfarb L.P. revealed that it had opened a new position in Intercontinental Exchange In and bought 6,422,256 shares worth $580 million.

The investment fund also strengthened its position in Meta Platforms Inc by buying 767,451 additional shares. This makes their stake in Meta Platforms Inc total 3,059,770 shares worth $415 million. Meta Platforms Inc dropped approximately 0.1% in the past year.

On the other hand, there are companies that Ruane, Cunniff & Goldfarb L.P. is getting rid of from its portfolio. Ruane, Cunniff & Goldfarb L.P. closed its position in Arista Networks Inc on 14th November 2022. It sold the previously owned 1,978,002 shares for $415 million. Wendy Goodrich also disclosed a decreased stake in Unitedhealth Inc by approximately 0.1%. This leaves the value of the investment at $667 million and 1,320,091 shares.

One of the largest hedge funds

The two most similar investment funds to Ruane, Cunniff & Goldfarb L.P. are Riverbridge Partners and Baupost Group ma. They manage $6.73 billion and $6.74 billion respectively.

Wendy Goodrich investment strategy

Ruane, Cunniff & Goldfarb L.P.’s portfolio is diversified across 9 sectors. Currently, their heaviest sector is Technology — making up 18.3% of the total portfolio value. The fund focuses on investments in the United States as 63.0% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 48% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $240 billion.

The complete list of Ruane, Cunniff & Goldfarb L.P. trades based on 13F SEC filings

These positions were updated on November 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Unitedhealth Group Inc	7.94% 1,320,091	$666,699,000	9.90%
Schwab Charles Corp	11.34% 8,720,090	$626,713,000	9.31%
Intercontinental Exchange In	Opened 6,422,256	$580,251,000	8.62%
Liberty Media Corp.	2.62% 10,300,345	$596,542,000	8.86%
Elevance Health Inc	Opened 987,857	$448,724,000	6.67%
Carmax Inc	3.88% 6,468,603	$427,057,000	6.34%
Arista Networks Inc	Closed 1,978,002	$415,440,000
Meta Platforms Inc	33.48% 3,059,770	$415,150,000	6.17%
Credit Accep Corp Mich	31.78% 822,873	$360,418,000	5.35%
Jacobs Engr Group Inc	Closed 4,198,002	$355,991,000
Alphabet Inc	680.71% 5,951,424	$570,395,000	8.47%
Taiwan Semiconductor Mfg Ltd	31.88% 4,651,030	$318,875,000	4.74%
Disney Walt Co	Closed 2,814,237	$313,816,000
Jacobs Solutions Inc	Opened 2,779,534	$301,552,000	4.48%
Mastercard Incorporated	Closed 997,928	$295,087,000
Netflix Inc.	Opened 1,228,082	$289,140,000	4.29%
Capital One Finl Corp	Opened 2,826,955	$260,560,000	3.87%
Micron Technology Inc.	Opened 4,920,440	$246,514,000	3.66%
Liberty Broadband Corp	1.77% 3,268,640	$241,905,000	3.59%
Wayfair Inc	57.81% 4,685,292	$152,506,000	2.27%
Berkshire Hathaway Inc.	52.81% 522,314	$220,303,000	3.27%
Visa Inc	Closed 558,702	$107,924,000
Expeditors Intl Wash Inc	Closed 102,132	$7,766,000
Builders Firstsource Inc	42.50% 45,747	$2,695,000	0.04%
Sendas Distribuidora S A	Opened 99,689	$1,608,000	0.02%
Amazon.com Inc.	88.61% 13,140	$1,485,000	0.02%
Mohawk Inds Inc	No change 10,833	$988,000	0.01%
Equitable Holdings Inc	Opened 33,972	$895,000	0.01%
JD.com Inc	Closed 12,000	$722,000
Procter And Gamble Co	Closed 5,144	$615,000
Stellantis N.V	Opened 51,276	$607,000	0.01%
Union Pac Corp	Closed 3,360	$568,000
American Elec Pwr Co Inc	Closed 6,686	$532,000
Coca-Cola Co	Closed 10,550	$471,000
Edison Intl	Closed 7,868	$427,000
Alibaba Group Sh Adr	Closed 1,945	$420,000
Sailpoint Technologies Holding	Closed 14,663	$388,000
Fiat Chrysler Automobiles Nv S	Closed 37,777	$387,000
Sinclair Broadcast Group, Inc.	15.00% 17,719	$321,000	0.00%
GTT Communications Inc	Closed 24,100	$197,000
Rimini Str Inc Del	Opened 30,380	$142,000	0.00%
Angi Inc	57.34% 23,088	$68,000	0.00%
Opendoor Technologies Inc.	Opened 17,500	$54,000	0.00%
Waitr Holdings Inc	Closed 18,989	$50,000
No transactions found
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