Ruane Cunniff
Q2 2026 versus Q1 2026: 4 bought, 6 added to, 31 reduced, 0 sold. By dollars, the largest buy was Roper Technologies, $228.4M more at the quarter-end price; the largest sale Elevance Health, $157.9M less. Net, $244.8M more sold than bought. What every tracked investor did in Q2 2026.
Every move, largest first
| Ticker | Issuer | Move | Shares Q1 2026 → Q2 2026 | Bought / sold | Of the portfolio | Weight now | Price vs model |
|---|---|---|---|---|---|---|---|
| ROP | Roper Technologies INC | bought | — → 674,902 | +$228.4M | +3.55% | 3.6% | 6% overvalued |
| ELV | Elevance Health INC Formerly | reduced −29% | 1.4M → 979,598 | −$157.9M | −2.46% | 5.9% | 20% undervalued |
| SUNB | Sunbelt Rentals Holdings INC | reduced −22% | 5.5M → 4.3M | −$91.8M | −1.43% | 5.0% | — |
| CACC | Credit Accep Corp Mich | reduced −96% | 146,203 → 5,279 | −$89.7M | −1.40% | 0.1% | — |
| SAP | Sap Se | added +65% | 749,909 → 1.2M | +$75.0M | +1.17% | 3.0% | — |
| ICLR | Icon Pub LTD CO | added +25% | 1.6M → 2.0M | +$71.8M | +1.12% | 5.5% | — |
| GOOGL | Alphabet INC | reduced −6% | 2.1M → 2.0M | −$44.1M | −0.69% | 11.1% | 51% overvalued |
| LBRDK | Liberty Broadband Corp | reduced −74% | 1.2M → 303,309 | −$28.6M | −0.45% | 0.2% | — |
| META | Meta Platforms INC | reduced −23% | 201,147 → 154,291 | −$26.4M | −0.41% | 1.4% | 10% overvalued |
| AMTM | Amentum Holdings INC | reduced −67% | 1.6M → 537,213 | −$22.4M | −0.35% | 0.2% | — |
| CHTR | Charter Communications INC | reduced −99% | 152,563 → 1,556 | −$21.5M | −0.33% | 0.0% | 64% undervalued |
| TSM | Taiwan Semiconductor Manufac | reduced −3% | 1.2M → 1.2M | −$17.0M | −0.27% | 8.7% | — |
| SCHW | Schwab Charles Corp | reduced −3% | 4.7M → 4.6M | −$13.2M | −0.21% | 6.6% | 43% undervalued |
| FWONK | Liberty Media Corp Del | reduced −2% | 5.4M → 5.2M | −$12.7M | −0.20% | 7.7% | — |
| COF | Capital One Finl Corp | reduced −3% | 2.0M → 2.0M | −$12.4M | −0.19% | 6.1% | 10% overvalued |
| ICE | Intercontinental Exchange In | reduced −3% | 2.6M → 2.6M | −$9.7M | −0.15% | 4.9% | 39% overvalued |
| MSA | Msa Safety INC | reduced −3% | 1.8M → 1.7M | −$9.6M | −0.15% | 4.7% | — |
| UNH | Unitedhealth Group INC | reduced −3% | 728,407 → 705,554 | −$9.5M | −0.15% | 4.6% | 19% overvalued |
| GOOG | Alphabet INC | reduced −3% | 950,394 → 924,866 | −$9.0M | −0.14% | 5.1% | 49% overvalued |
| GLIBK | Liberty Cap Corp | reduced −77% | 506,727 → 114,119 | −$8.5M | −0.13% | 0.0% | — |
| ALGN | Align Technology INC | reduced −3% | 1.2M → 1.2M | −$5.9M | −0.09% | 3.1% | 103% overvalued |
| BRK/A | Berkshire Hathaway INC Del | reduced −6% | 110 → 103 | −$5.2M | −0.08% | 1.2% | — |
| ZTS | Zoetis INC | reduced −3% | 2.4M → 2.4M | −$5.2M | −0.08% | 2.6% | 37% undervalued |
| LBRDA | Liberty Broadband Corp | reduced −67% | 223,760 → 73,945 | −$5.0M | −0.08% | 0.0% | — |
| BRK/B | Berkshire Hathaway INC Del | reduced −3% | 310,388 → 300,672 | −$4.9M | −0.08% | 2.3% | 21% overvalued |
| ACN | Accenture PLC Ireland | reduced −3% | 928,204 → 901,848 | −$3.3M | −0.05% | 1.7% | 13% undervalued |
| TECH | Bio-techne Corp | reduced −1% | 3.4M → 3.3M | −$3.0M | −0.05% | 3.7% | 150% overvalued |
| FWONA | Liberty Media Corp Del | reduced −4% | 723,842 → 695,720 | −$2.5M | −0.04% | 0.9% | — |
| GLIBA | Liberty Cap Corp | reduced −78% | 127,548 → 28,162 | −$2.2M | −0.03% | 0.0% | — |
| GPI | Group 1 Automotive INC | added +22% | 4,013 → 4,884 | +$253,609 | +0.00% | 0.0% | — |
| VT | Vanguard Intl Equity Index F | bought | — → 1,426 | +$223,811 | +0.00% | 0.0% | — |
| HGV | Hilton Grand Vacations INC | bought | — → 4,189 | +$219,378 | +0.00% | 0.0% | — |
| BAC | Bank Of Amer Corp | bought | — → 3,625 | +$206,553 | +0.00% | 0.0% | 1% overvalued |
| SDHC | Smith Douglas Homes Corp | added +88% | 14,490 → 27,275 | +$198,679.1 | +0.00% | 0.0% | — |
| VTI | Vanguard Index Fds | added +8% | 2,748 → 2,973 | +$83,259 | +0.00% | 0.0% | — |
| VXUS | Vanguard Star Fds | added +9% | 5,912 → 6,420 | +$43,428.9 | +0.00% | 0.0% | — |
| LAD | Lithia Mtrs INC | reduced −2% | 2,988 → 2,933 | −$15,976.9 | −0.00% | 0.0% | — |
| KSPI | Kaspi Kz Jsc | reduced −4% | 4,083 → 3,934 | −$12,909.4 | −0.00% | 0.0% | — |
| RMNI | Rimini Str INC Del | reduced −5% | 35,265 → 33,666 | −$6,811.7 | −0.00% | 0.0% | — |
| EQH | Equitable Hldgs INC | reduced −0% | 40,459 → 40,310 | −$6,538.1 | −0.00% | 0.0% | — |
| J | Jacobs Solutions INC | reduced −1% | 6,288 → 6,244 | −$5,544 | −0.00% | 0.0% | 37% overvalued |
Bought / sold is the change in shares × the quarter's reported price (value ÷ shares in the filing); a position sold out is priced at the quarter before, since it has no price in this one. “Of the portfolio” is that amount against this quarter's reported book.
Source: the manager's Form 13F-HR on SEC EDGAR, kept as immutable quarterly snapshots; changes compare two consecutive filings. A 13F is filed up to 45 days after quarter end and covers US-listed long positions only. Tickers come from a self-maintained CUSIP map; a position without one shows its CUSIP. Method notes in where the numbers come from.