Ruane Cunniff & Goldfarb (Sequoia Fund)
John HarrisNew York, NYfiles as Ruane, Cunniff & Goldfarb L.P.
$6.4bn in 54 US stocks at the end of 30 June 2026. The top 10 are 66.6% of the money. It changed about 12.7% of the portfolio this quarter.
Value
$6.4bn
Stocks
54
Top 10 share
66.6%
Turnover
12.7%
What changed this quarter
New
Bought for the first time this quarter.
- Roper TechnologiesROP3.6% of the fund
- Vanguard Intl Equity Index FVT<0.1% of the fund
- Hilton Grand VacationsHGV<0.1% of the fund
- Bank of AmericaBAC<0.1% of the fund
Added
Bought more of a stock they already held.
- IconICLR5.5% of the fund+25%
- SAP SESAP3.0% of the fund+65%
- Group 1 AutomotiveGPI<0.1% of the fund+22%
- Vanguard Index FDSVTI<0.1% of the fund+8%
- Vanguard Star FDSVXUS<0.1% of the fund+9%
- Smith Douglas HomesSDHC<0.1% of the fund+88%
Cut
Sold some of their stake.
- AlphabetGOOGL11.1% of the fund-6%
- Taiwan Semiconductor ManufacturingTSM8.7% of the fund-3%
- Liberty MediaFWONK7.7% of the fund-3%
- Charles SchwabSCHW6.6% of the fund-3%
- Capital One FinancialCOF6.1% of the fund-3%
- Elevance HealthELV5.9% of the fund-29%
- AlphabetGOOG5.1% of the fund-3%
- Sunbelt Rentals HoldingsSUNB5.0% of the fund-22%
- Intercontinental ExchangeICE4.9% of the fund-3%
- MSA SafetyMSA4.7% of the fund-3%
- UnitedHealth GroupUNH4.6% of the fund-3%
- Align TechnologyALGN3.1% of the fund-3%
- ZoetisZTS2.6% of the fund-3%
- Berkshire HathawayBRK-B2.3% of the fund-3%
- AccentureACN1.7% of the fund-3%
- Meta PlatformsMETA1.4% of the fund-23%
- Berkshire Hathaway INC DELBRK-A1.2% of the fund-6%
- Liberty MediaFWONA0.9% of the fund-4%
- Amentum HoldingsAMTM0.2% of the fund-67%
- Liberty BroadbandLBRDK0.2% of the fund-74%
- Credit AcceptanceCACC<0.1% of the fund-96%
- Liberty BroadbandLBRDA<0.1% of the fund-67%
- Liberty CapitalGLIBK<0.1% of the fund-77%
- Liberty CapitalGLIBA<0.1% of the fund-78%
- Joint Stock Co Kaspi.kzKSPI<0.1% of the fund-4%
Sold out
Sold their entire stake.
None this quarter.
Holdings
- Berkshire Hathaway INC DELBRK-A
- Share
- 1.2%
- Value
- $77m
- Shares
- 103
-6%
- Liberty BroadbandLBRDK
- Share
- 0.2%
- Value
- $10m
- Shares
- 303,309
-74%
- Liberty BroadbandLBRDA
- Share
- <0.1%
- Value
- $2m
- Shares
- 73,945
-67%
- Vanguard Index FDSVTI
- Share
- <0.1%
- Value
- $1m
- Shares
- 2,973
+8%
- Vanguard Star FDSVXUS
- Share
- <0.1%
- Value
- $548,846
- Shares
- 6,420
+9%
- Vanguard Intl Equity Index FVT
- Share
- <0.1%
- Value
- $223,811
- Shares
- 1,426
New
- AtaiBeckleyATAI
- Share
- <0.1%
- Value
- $221,930
- Shares
- 42,112
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| AlphabetGOOGL | 11.1% | $713m | 1,994,274 | -6% |
| Taiwan Semiconductor ManufacturingTSM | 8.7% | $560m | 1,172,725 | -3% |
| Liberty MediaFWONK | 7.7% | $497m | 5,223,453 | -3% |
| Charles SchwabSCHW | 6.6% | $422m | 4,571,355 | -3% |
| Capital One FinancialCOF | 6.1% | $392m | 1,956,084 | -3% |
| Elevance HealthELV | 5.9% | $379m | 979,598 | -29% |
| IconICLR | 5.5% | $356m | 2,048,087 | +25% |
| AlphabetGOOG | 5.1% | $327m | 924,866 | -3% |
| Sunbelt Rentals HoldingsSUNB | 5.0% | $319m | 4,261,163 | -22% |
| Intercontinental ExchangeICE | 4.9% | $315m | 2,560,747 | -3% |
| MSA SafetyMSA | 4.7% | $301m | 1,721,415 | -3% |
| UnitedHealth GroupUNH | 4.6% | $293m | 705,554 | -3% |
| Bio-TechneTECH | 3.7% | $237m | 3,348,841 | Held |
| Roper TechnologiesROP | 3.6% | $228m | 674,902 | New |
| Align TechnologyALGN | 3.1% | $198m | 1,171,455 | -3% |
| SAP SESAP | 3.0% | $191m | 1,236,546 | +65% |
| ZoetisZTS | 2.6% | $169m | 2,353,300 | -3% |
| Berkshire HathawayBRK-B | 2.3% | $150m | 300,672 | -3% |
| AccentureACN | 1.7% | $112m | 901,848 | -3% |
| Meta PlatformsMETA | 1.4% | $87m | 154,291 | -23% |
| Berkshire Hathaway INC DELBRK-A | 1.2% | $77m | 103 | -6% |
| Liberty MediaFWONA | 0.9% | $61m | 695,720 | -4% |
| Amentum HoldingsAMTM | 0.2% | $11m | 537,213 | -67% |
| Liberty BroadbandLBRDK | 0.2% | $10m | 303,309 | -74% |
| Credit AcceptanceCACC | <0.1% | $3m | 5,279 | -96% |
| Micron TechnologyMU | <0.1% | $2m | 2,162 | Held |
| Liberty BroadbandLBRDA | <0.1% | $2m | 73,945 | -67% |
| Liberty CapitalGLIBK | <0.1% | $2m | 114,119 | -77% |
| Equitable HoldingsEQH | <0.1% | $2m | 40,310 | Held |
| Group 1 AutomotiveGPI | <0.1% | $1m | 4,884 | +22% |
| Vanguard Index FDSVTI | <0.1% | $1m | 2,973 | +8% |
| Lithia MotorsLAD | <0.1% | $852,007 | 2,933 | Held |
| Jacobs SolutionsJ | <0.1% | $786,744 | 6,244 | Held |
| Liberty CapitalGLIBA | <0.1% | $616,748 | 28,162 | -78% |
| NetflixNFLX | <0.1% | $577,697 | 8,091 | Held |
| Vanguard Star FDSVXUS | <0.1% | $548,846 | 6,420 | +9% |
| Globus MedicalGMED | <0.1% | $474,692 | 6,008 | Held |
| Smith Douglas HomesSDHC | <0.1% | $423,854 | 27,275 | +88% |
| Copa HoldingsCPA | <0.1% | $397,481 | 2,555 | Held |
| Joint Stock Co Kaspi.kzKSPI | <0.1% | $340,842 | 3,934 | -4% |
| American ExpressAXP | <0.1% | $315,249 | 932 | Held |
| AppleAAPL | <0.1% | $278,075 | 961 | Held |
| MicrosoftMSFT | <0.1% | $274,916 | 737 | Held |
| SinclairSBGI | <0.1% | $255,916 | 17,959 | Held |
| Dollar GeneralDG | <0.1% | $251,861 | 2,188 | Held |
| Ferguson EnterprisesFERG | <0.1% | $237,330 | 1,000 | Held |
| Vanguard Intl Equity Index FVT | <0.1% | $223,811 | 1,426 | New |
| AtaiBeckleyATAI | <0.1% | $221,930 | 42,112 | Held |
| Charter CommunicationsCHTR | <0.1% | $221,279 | 1,556 | -99% |
| Hilton Grand VacationsHGV | <0.1% | $219,378 | 4,189 | New |
| S&P GlobalSPGI | <0.1% | $216,255 | 531 | Held |
| Bank of AmericaBAC | <0.1% | $206,553 | 3,625 | New |
| StellantisSTLA | <0.1% | $143,931 | 25,075 | Held |
| Rimini StreetRMNI | <0.1% | $143,417 | 33,666 | -5% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 10.2% since 30 June 2025.
Where the money is
Media & telecom26.5%
Health care25.4%
Technology22.2%
Financial services20.0%
Industrials4.7%
Retail & consumer0.0%
Everyday goods0.0%
Other1.2%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.