This article is part of a series that provides an ongoing analysis of the changes made to Ruane, Cunniff & Goldfarb’s 13F portfolio on a quarterly basis. It is based on their regulatory 13F Form filed on 05/15/2019. Please visit our Tracking Ruane, Cunniff, & Goldfarb’s Portfolio article for an idea on their investment philosophy and our previous update for the moves during Q4 2018.
This quarter, Ruane, Cunniff, & Goldfarb’s 13F portfolio value increased ~8% from $9.08B to $9.80B. The number of holdings decreased from 57 to 51. 27 of those stakes are significantly