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 05/15/2020. 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 2019.
This quarter Ruane, Cunniff, & Goldfarb’s 13F portfolio value decreased ~23%, from $8.09B to $6.24B. The number of holdings decreased from 40 to 38. 18 of those stakes are significantly