Ruane, Cunniff & Goldfarb
Ruane, Cunniff & Goldfarb
Latest 13F filing
Q4 2025
filed Feb 13, 2026
Portfolio value
$6.40B
Positions
48
Top 10 concentration
71.9%
QoQ change
+6.1%
+$366.83M
Activity vs. Q3 2025
4
New positions
7
Added to
13
Unchanged
24
Reduced
11
Exited
Portfolio composition — Q4 2025
- GOOGLALPHABET INC10.6%
- SCHWSCHWAB CHARLES CORP8.7%
- FWONKLIBERTY MEDIA CORP DEL8.4%
- COFCAPITAL ONE FINL CORP7.8%
- ELVELEVANCE HEALTH INC FORMERLY7.8%
- ICEINTERCONTINENTAL EXCHANGE IN6.8%
- TSMTAIWAN SEMICONDUCTOR MFG LTD6.7%
- GOOGALPHABET INC5.6%
- ICLRICON PLC4.8%
- MSAMSA SAFETY INC4.5%
- Other38 more positions28.1%
Top buys
New & added positions, by size
Holdings as of Q4 2025
| # | Ticker | Issuer | Shares | Value | % Portfolio | Reported price | Action | Δ Shares |
|---|---|---|---|---|---|---|---|---|
| 1 | GOOGL | ALPHABET INC | 2,174,821 | $680.72M | 10.63% | $313.00 | REDUCE | -7.7% |
| 2 | SCHW | SCHWAB CHARLES CORP | 5,594,948 | $558.99M | 8.73% | $99.91 | REDUCE | -11.4% |
| 3 | FWONK | LIBERTY MEDIA CORP DEL | 5,491,118 | $540.93M | 8.45% | $98.51 | REDUCE | -1.4% |
| 4 | COF | CAPITAL ONE FINL CORP | 2,068,023 | $501.21M | 7.83% | $242.36 | REDUCE | -1.4% |
| 5 | ELV | ELEVANCE HEALTH INC FORMERLY | 1,422,506 | $498.66M | 7.79% | $350.55 | REDUCE | -1.8% |
| 6 | ICE | INTERCONTINENTAL EXCHANGE IN | 2,703,907 | $437.92M | 6.84% | $161.96 | REDUCE | -1.4% |
| 7 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | 1,421,721 | $432.05M | 6.75% | $303.89 | REDUCE | -24.4% |
| 8 | GOOG | ALPHABET INC | 1,142,353 | $358.47M | 5.60% | $313.80 | REDUCE | -8.9% |
| 9 | ICLR | ICON PLC | 1,679,590 | $306.05M | 4.78% | $182.22 | REDUCE | -1.3% |
| 10 | MSA | MSA SAFETY INC | 1,811,635 | $290.12M | 4.53% | $160.14 | ADD | +6.2% |
| 11 | ACN | ACCENTURE PLC IRELAND | 943,420 | $253.12M | 3.95% | $268.30 | NEW | — |
| 12 | UNH | UNITEDHEALTH GROUP INC | 745,999 | $246.26M | 3.85% | $330.11 | REDUCE | -1.6% |
| 13 | CACC | CREDIT ACCEP CORP MICH | 536,132 | $237.75M | 3.71% | $443.46 | REDUCE | -7.3% |
| 14 | ALGN | ALIGN TECHNOLOGY INC | 1,222,534 | $190.90M | 2.98% | $156.15 | NEW | — |
| 15 | BRK/B | BERKSHIRE HATHAWAY INC DEL | 316,106 | $158.89M | 2.48% | $502.65 | REDUCE | -2.0% |
| 16 | META | META PLATFORMS INC | 239,018 | $157.77M | 2.46% | $660.09 | REDUCE | -2.1% |
| 17 | LBRDK | LIBERTY BROADBAND CORP | 1,841,624 | $89.50M | 1.40% | $48.60 | REDUCE | -1.7% |
| 18 | BRK/A | BERKSHIRE HATHAWAY INC DEL | 115 | $86.80M | 1.36% | $754800.00 | REDUCE | -1.7% |
| 19 | TECH | BIO-TECHNE CORP | 1,465,935 | $86.21M | 1.35% | $58.81 | REDUCE | -0.5% |
| 20 | CHTR | CHARTER COMMUNICATIONS INC N | 362,000 | $75.57M | 1.18% | $208.75 | REDUCE | -3.1% |
| 21 | AMTM | AMENTUM HOLDINGS INC | 2,394,129 | $69.43M | 1.08% | $29.00 | REDUCE | -1.2% |
| 22 | FWONA | LIBERTY MEDIA CORP DEL | 738,880 | $66.04M | 1.03% | $89.38 | REDUCE | -0.5% |
| 23 | LBRDA | LIBERTY BROADBAND CORP | 652,780 | $31.52M | 0.49% | $48.28 | REDUCE | -2.4% |
| 24 | GLIBK | GCI LIBERTY INC | 539,071 | $20.06M | 0.31% | $37.21 | ADD | +43.9% |
| 25 | SAP | SAP SE | 45,927 | $11.16M | 0.17% | $242.91 | REDUCE | -0.2% |
| 26 | GLIBA | GCI LIBERTY INC | 131,168 | $4.84M | 0.08% | $36.87 | REDUCE | -1.5% |
| 27 | EQH | EQUITABLE HLDGS INC | 40,636 | $1.94M | 0.03% | $47.65 | — | 0% |
| 28 | GPI | GROUP 1 AUTOMOTIVE INC | 3,610 | $1.42M | 0.02% | $393.30 | — | 0% |
| 29 | LAD | LITHIA MTRS INC | 3,049 | $1.01M | 0.02% | $332.33 | ADD | +12.3% |
| 30 | VTI | VANGUARD INDEX FDS | 2,678 | $897.85K | 0.01% | $335.27 | ADD | +1.2% |
| 31 | J | JACOBS SOLUTIONS INC | 6,487 | $859.27K | 0.01% | $132.46 | REDUCE | -30.6% |
| 32 | MU | MICRON TECHNOLOGY INC | 2,162 | $617.06K | 0.01% | $285.41 | — | 0% |
| 33 | NFLX | NETFLIX INC | 5,220 | $489.43K | 0.01% | $93.76 | ADD | +764.2% |
| 34 | RSPC | INVESCO EXCHANGE TRADED FD T | 11,029 | $439.32K | 0.01% | $39.83 | NEW | — |
| 35 | VXUS | VANGUARD STAR FDS | 5,438 | $410.24K | 0.01% | $75.44 | ADD | +2.6% |
| 36 | AXP | AMERICAN EXPRESS CO | 932 | $344.79K | 0.01% | $369.95 | — | 0% |
| 37 | MSFT | MICROSOFT CORP | 689 | $333.21K | 0.01% | $483.62 | — | 0% |
| 38 | KSPI | KASPI KZ JSC | 4,112 | $321.27K | 0.01% | $78.13 | ADD | +10.8% |
| 39 | CPA | COPA HOLDINGS SA | 2,555 | $308.16K | 0.00% | $120.61 | — | 0% |
| 40 | DG | DOLLAR GEN CORP NEW | 2,170 | $288.11K | 0.00% | $132.77 | — | 0% |
| 41 | STLA | STELLANTIS N.V | 25,581 | $278.58K | 0.00% | $10.89 | REDUCE | -6.3% |
| 42 | SPGI | S&P GLOBAL INC | 531 | $277.50K | 0.00% | $522.59 | — | 0% |
| 43 | SBGI | SINCLAIR INC | 17,959 | $274.77K | 0.00% | $15.30 | — | 0% |
| 44 | AAPL | APPLE INC | 891 | $242.23K | 0.00% | $271.86 | — | 0% |
| 45 | FERG | FERGUSON ENTERPRISES INC | 1,000 | $222.63K | 0.00% | $222.63 | — | 0% |
| 46 | SDHC | SMITH DOUGLAS HOMES CORP | 12,209 | $204.75K | 0.00% | $16.77 | — | 0% |
| 47 | VT | VANGUARD INTL EQUITY INDEX F | 1,426 | $201.15K | 0.00% | $141.06 | NEW | — |
| 48 | RMNI | RIMINI STR INC DEL | 37,141 | $144.11K | 0.00% | $3.88 | — | 0% |
Positions exited in Q4 2025
Source: SEC EDGAR 13F-HR filing Feb 13, 2026. Reported prices are derived from the filing's value-to-shares ratio (effectively the quarter-end mark). Filings are published with a 45-day delay. CIK 0001720792.