Exploring the Latest 13F Filing and Investment Strategies

Introduction to Ruane Cunniff (Trades, Portfolio)

Ruane Cunniff (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2024, providing insights into their investment moves during this period. Founded in 1969 by Bill Ruane and Rick Cunniff, the firm operates on the belief that investing in great businesses at reasonable prices can outperform the stock market. By conducting exhaustive primary research and adhering to their principles, Ruane Cunniff (Trades, Portfolio) has built an impressive track record. William Ruane, a Graham-and-Doddsville superinvestor, was recognized by Warren Buffett (Trades, Portfolio) and was a student of Benjamin Graham alongside Buffett. According to the Ruane, Cunniff & Goldfarb website, the firm focuses on owning quality businesses run by quality people, aiming for long-term growth and attractive prices, while avoiding excessive concentration.

Summary of New Buy

Ruane Cunniff (Trades, Portfolio) added a total of 3 stocks, among them:

• The most significant addition was Icon PLC (ICLR, Financial), with 1,265,540 shares, accounting for 4.51% of the portfolio and a total value of $265.4 million.
• The second largest addition to the portfolio was Apple Inc (AAPL, Financial), consisting of 821 shares, representing approximately a total value of $205,600.
• The third largest addition was Copa Holdings SA (CPA, Financial), with 2,555 shares, accounting for a total value of $224,530.

Key Position Increases

Ruane Cunniff (Trades, Portfolio) also increased stakes in a total of 3 stocks, among them:

• The most notable increase was Elevance Health Inc (ELV, Financial), with an additional 139,420 shares, bringing the total to 1,143,953 shares. This adjustment represents a significant 13.88% increase in share count, a 0.87% impact on the current portfolio, with a total value of $422 million.
• The second largest increase was Sendas Distribuidora SA (ASAIY, Financial), with an additional 1,208 shares, bringing the total to 152,478. This adjustment represents a significant 0.8% increase in share count, with a total value of $681,580.

Summary of Sold Out

Ruane Cunniff (Trades, Portfolio) completely exited 1 holding in the fourth quarter of 2024, as detailed below:

• Micron Technology Inc (MU, Financial): Ruane Cunniff (Trades, Portfolio) sold all 2,162 shares, resulting in a -0% impact on the portfolio.

Key Position Reduces

Ruane Cunniff (Trades, Portfolio) also reduced positions in 25 stocks. The most significant changes include:

• Reduced Jacobs Solutions Inc (J, Financial) by 1,319,295 shares, resulting in a -52.14% decrease in shares and a -2.7% impact on the portfolio. The stock traded at an average price of $139.12 during the quarter and has returned -12.66% over the past 3 months and -2.45% year-to-date.
• Reduced Taiwan Semiconductor Manufacturing Co Ltd (TSM, Financial) by 970,808 shares, resulting in a -33.42% reduction in shares and a -2.64% impact on the portfolio. The stock traded at an average price of $193.87 during the quarter and has returned 8.47% over the past 3 months and 2.20% year-to-date.

Portfolio Overview

At the fourth quarter of 2024, Ruane Cunniff (Trades, Portfolio)'s portfolio included 39 stocks. The top holdings included 12.16% in Intercontinental Exchange Inc (ICE, Financial), 9.23% in Liberty Formula One Group (FWONK, Financial), 8.67% in Charles Schwab Corp (SCHW, Financial), 7.69% in Alphabet Inc (GOOGL, Financial), and 7.2% in UnitedHealth Group Inc (UNH, Financial).

The holdings are mainly concentrated in 7 of the 11 industries: Financial Services, Communication Services, Healthcare, Technology, Industrials, Consumer Cyclical, and Consumer Defensive.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.