Ruane, Cunniff & Goldfarb (Sequoia) 13F, Q3 2023
Ruane Cunniff · quarter ending 30 September 2023 · filed 14 November 2023 · SEC CIK 1720792
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2023
The 25 largest of 36 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2023 filing.
| Company | Ticker | Value | % of book | vs Q2 2023 |
|---|---|---|---|---|
| INTERCONTINENTAL EXCHANGE IN | ICE | $633.37M | 10.5% | -3% shares |
| UNITEDHEALTH GROUP INC | UNH | $552.32M | 9.2% | -3% shares |
| ELEVANCE HEALTH INC | ELV | $500.83M | 8.3% | +10% shares |
| SCHWAB CHARLES CORP | SCHW | $476.58M | 7.9% | -3% shares |
| LIBERTY MEDIA CORP DEL | FWONK | $429.15M | 7.1% | new |
| ALPHABET INC | GOOGL | $398.29M | 6.6% | -7% shares |
| CARMAX INC | KMX | $393.64M | 6.5% | -8% shares |
| JACOBS SOLUTIONS INC | J | $391.13M | 6.5% | -3% shares |
| TAIWAN SEMICONDUCTOR MFG LTD | TSM | $364.57M | 6.0% | -3% shares |
| CREDIT ACCEP CORP MICH | CACC | $352.10M | 5.8% | -3% shares |
| CAPITAL ONE FINL CORP | COF | $320.54M | 5.3% | -3% shares |
| LIBERTY BROADBAND CORP | LBRDK | $290.51M | 4.8% | -3% shares |
| META PLATFORMS INC | META | $268.39M | 4.5% | -3% shares |
| ALPHABET INC | GOOG | $247.17M | 4.1% | -5% shares |
| BERKSHIRE HATHAWAY INC DEL | BRK/B | $165.36M | 2.7% | -4% shares |
| BERKSHIRE HATHAWAY INC DEL | BRK/A | $90.35M | 1.5% | -2% shares |
| LIBERTY BROADBAND CORP | LBRDA | $71.72M | 1.2% | -3% shares |
| LIBERTY MEDIA CORP DEL | FWONA | $50.21M | 0.8% | new |
| LIBERTY MEDIA CORP DEL | $9.47M | 0.2% | new | |
| ATLANTA BRAVES HLDGS INC | BATRK | $8.02M | 0.1% | new |
| SENDAS DISTRIBUIDORA S A | $1.77M | 0.0% | +5% shares | |
| LIBERTY MEDIA CORP DEL | $1.19M | 0.0% | new | |
| EQUITABLE HLDGS INC | EQH | $1.17M | 0.0% | unchanged |
| STELLANTIS N.V | $1.06M | 0.0% | unchanged | |
| MOHAWK INDS INC | MHK | $925.9K | 0.0% | unchanged |
What changed since Q2 2023
Against the Q2 2023 filing, Ruane, Cunniff & Goldfarb (Sequoia) opened 5 new positions, added to 4, trimmed 17, left 10 unchanged and exited 3. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
Exited
- LIBERTY MEDIA CORP DELwas $533.98M
- LIBERTY MEDIA CORP DELwas $62.24M
- SPGIwas $212.9K
Other quarters
Source: SEC Form 13F-HR, accession 0000919574-23-006181, filed by Ruane, Cunniff & Goldfarb L.P.. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.