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 11/14/2018. 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 Q2 2018.
This quarter, Ruane, Cunniff & Goldfarb’s 13F portfolio value decreased ~3% from $11.16B to $10.87B. The number of holdings decreased from 62 to 61. 23 of those stakes are significantly