Ruane, Cunniff & Goldfarb L.P.

CIK 0001720792 · Q1 2026

13F Equity AUM

$6.0B

-5.8% QoQ

Positions

+2 QoQ

AUM Rank

#904

Top 7%

Skill Alpha (FF)

-2.3%/yr^ns

No Clear Edge

Rank #5,559 · Top 68%

vs S&P -2.0%/yr (unadj.)

Quarters Tracked

~8 years

Portfolio Concentration

Top 5: 38.7%Top 10: 67.0%Top 20: 95.1%

GOOGL10.1%

FWONK7.6%

SCHW7.3%

ICE6.9%

TSM6.8%

ELV6.7%

COF6.1%

SUNBELT RENTALS HOLDINGS INC5.9%

MSA4.8%

ZTS4.8%

Others (40)33.0%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Communication Services27.1%

Healthcare24.1%

Financial Services23.9%

Technology12.0%

Unclassified5.9%

Industrials5.6%

Other1.4%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 50Median: 0.43%Avg: 2.00%

0–0.5%

25(0.8%)

0.5–1%

4(3.2%)

1–3%

6(11.8%)

3–5%

7(26.9%)

5%+

8(57.4%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 50Unique: 0vs 20 funds

0.7%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

0.9%

BlackRock, Inc.

1.2%

JPMORGAN CHASE & CO

BANK OF AMERICA CORP /DE/

VANGUARD CAPITAL MANAGEMENT LLC

1.3%

STATE STREET CORP

1.3%

GEODE CAPITAL MANAGEMENT, LLC

1.3%

FMR LLC

1.5%

VANGUARD PORTFOLIO MANAGEMENT LLC

1.5%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New4Increased10Decreased30Exited2

New Positions

SUNBELT RENTALS HOLD…5.9%

+5.5M

ZTS4.8%

+2.4M

GMED0.0%

+6K

ATAI0.0%

+42K

Increased

TECH2.9%

+1.9M(+131%)

SAP2.1%

+704K(+1533%)

NFLX0.0%

+3K(+55%)

SDHC0.0%

+2K(+19%)

VXUS0.0%

+474(+9%)

GPI0.0%

+403(+11%)

AAPL0.0%

+70(+8%)

VTI0.0%

+70(+3%)

MSFT0.0%

+48(+7%)

DG0.0%

+18(+1%)

Decreased

SCHW7.3%

-880,168(-16%)

AMTM0.7%

-771,147(-32%)

LBRDK1.0%

-678,176(-37%)

LBRDA0.2%

-429,020(-66%)

CACC1.0%

-389,929(-73%)

TSM6.8%

-213,302(-15%)

CHTR0.6%

-209,437(-58%)

GOOG4.5%

-191,959(-17%)

FWONK7.6%

-133,950(-2%)

ICE6.9%

-64,535(-2%)

Exited

RSPC

-11,029

-1,426

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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