Ruane, Cunniff & Goldfarb (Sequoia) 13F, Q4 2025
Ruane Cunniff · quarter ending 31 December 2025 · filed 13 February 2026 · SEC CIK 1720792
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2025
The 25 largest of 48 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2025 filing.
| Company | Ticker | Value | % of book | vs Q3 2025 |
|---|---|---|---|---|
| ALPHABET INC | GOOGL | $680.72M | 10.6% | -8% shares |
| SCHWAB CHARLES CORP | SCHW | $558.99M | 8.7% | -11% shares |
| LIBERTY MEDIA CORP DEL | FWONK | $540.93M | 8.4% | unchanged |
| CAPITAL ONE FINL CORP | COF | $501.21M | 7.8% | unchanged |
| ELEVANCE HEALTH INC FORMERLY | ELV | $498.66M | 7.8% | unchanged |
| INTERCONTINENTAL EXCHANGE IN | ICE | $437.92M | 6.8% | unchanged |
| TAIWAN SEMICONDUCTOR MFG LTD | TSM | $432.05M | 6.8% | -24% shares |
| ALPHABET INC | GOOG | $358.47M | 5.6% | -9% shares |
| ICON PLC | $306.05M | 4.8% | unchanged | |
| MSA SAFETY INC | MSA | $290.12M | 4.5% | +6% shares |
| ACCENTURE PLC IRELAND | $253.12M | 4.0% | new | |
| UNITEDHEALTH GROUP INC | UNH | $246.26M | 3.9% | unchanged |
| CREDIT ACCEP CORP MICH | CACC | $237.75M | 3.7% | -7% shares |
| ALIGN TECHNOLOGY INC | ALGN | $190.90M | 3.0% | new |
| BERKSHIRE HATHAWAY INC DEL | BRK/B | $158.89M | 2.5% | unchanged |
| META PLATFORMS INC | META | $157.77M | 2.5% | -2% shares |
| LIBERTY BROADBAND CORP | LBRDK | $89.50M | 1.4% | unchanged |
| BERKSHIRE HATHAWAY INC DEL | BRK/A | $86.80M | 1.4% | unchanged |
| BIO-TECHNE CORP | TECH | $86.21M | 1.4% | unchanged |
| CHARTER COMMUNICATIONS INC N | CHTR | $75.57M | 1.2% | -3% shares |
| AMENTUM HOLDINGS INC | AMTM | $69.43M | 1.1% | unchanged |
| LIBERTY MEDIA CORP DEL | FWONA | $66.04M | 1.0% | unchanged |
| LIBERTY BROADBAND CORP | LBRDA | $31.52M | 0.5% | -2% shares |
| GCI LIBERTY INC | GLIBK | $20.06M | 0.3% | +44% shares |
| SAP SE | SAP | $11.16M | 0.2% | unchanged |
What changed since Q3 2025
Against the Q3 2025 filing, Ruane, Cunniff & Goldfarb (Sequoia) opened 4 new positions, added to 6, trimmed 10, left 28 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
- ACCENTURE PLC IRELAND$253.12M
- ALGN$190.90M
- RSPC$439.3K
- VT$201.2K
Other quarters
Source: SEC Form 13F-HR, accession 0000919574-26-000775, 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.