Ruane, Cunniff & Goldfarb (Sequoia) 13F, Q3 2025
Ruane Cunniff · quarter ending 30 September 2025 · filed 14 November 2025 · SEC CIK 1720792
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2025
The 25 largest of 47 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2025 filing.
| Company | Ticker | Value | % of book | vs Q2 2025 |
|---|---|---|---|---|
| SCHWAB CHARLES CORP | SCHW | $602.95M | 10.0% | -4% shares |
| LIBERTY MEDIA CORP DEL | FWONK | $581.68M | 9.6% | unchanged |
| ALPHABET INC | GOOGL | $572.92M | 9.5% | unchanged |
| TAIWAN SEMICONDUCTOR MFG LTD | TSM | $525.55M | 8.7% | unchanged |
| ELEVANCE HEALTH INC FORMERLY | ELV | $467.97M | 7.8% | +32% shares |
| INTERCONTINENTAL EXCHANGE IN | ICE | $462.19M | 7.7% | unchanged |
| CAPITAL ONE FINL CORP | COF | $446.02M | 7.4% | unchanged |
| ALPHABET INC | GOOG | $305.55M | 5.1% | -3% shares |
| ICON PLC | $297.67M | 4.9% | unchanged | |
| MSA SAFETY INC | MSA | $293.43M | 4.9% | +80% shares |
| CREDIT ACCEP CORP MICH | CACC | $270.10M | 4.5% | unchanged |
| UNITEDHEALTH GROUP INC | UNH | $261.81M | 4.3% | unchanged |
| META PLATFORMS INC | META | $179.20M | 3.0% | -39% shares |
| BERKSHIRE HATHAWAY INC DEL | BRK/B | $162.16M | 2.7% | unchanged |
| LIBERTY BROADBAND CORP | LBRDK | $119.09M | 2.0% | unchanged |
| CHARTER COMMUNICATIONS INC N | CHTR | $102.73M | 1.7% | -3% shares |
| BERKSHIRE HATHAWAY INC DEL | BRK/A | $88.24M | 1.5% | unchanged |
| BIO-TECHNE CORP | TECH | $81.98M | 1.4% | +867% shares |
| LIBERTY MEDIA CORP DEL | FWONA | $70.68M | 1.2% | unchanged |
| AMENTUM HOLDINGS INC | AMTM | $58.05M | 1.0% | unchanged |
| LIBERTY BROADBAND CORP | LBRDA | $42.38M | 0.7% | unchanged |
| GCI LIBERTY INC | GLIBK | $13.96M | 0.2% | new |
| SAP SE | SAP | $12.29M | 0.2% | new |
| GCI LIBERTY INC | GLIBA | $5.00M | 0.1% | new |
| EQUITABLE HLDGS INC | EQH | $2.06M | 0.0% | unchanged |
What changed since Q2 2025
Against the Q2 2025 filing, Ruane, Cunniff & Goldfarb (Sequoia) opened 7 new positions, added to 6, trimmed 8, left 26 unchanged and exited 3. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0000919574-25-006759, 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.