Ruane Cunniff's Strategic Moves: Intercontinental Exchange Inc. Sees a -5.09% Impact

GuruFocus News

Thu, May 15, 2025, 5:00 AM 3 min read

Ruane Cunniff (Trades, Portfolio) precocious submitted the 13F filing for the archetypal 4th of 2025, providing insights into their concern moves during this period. Founded successful 1969 by Bill Ruane and Rick Cunniff, the steadfast has consistently aimed to outperform the banal marketplace by investing successful high-quality businesses astatine tenable prices. Their strategy involves exhaustive superior research, avoiding marketplace fads, and adhering to halfway concern principles. William Ruane, a Graham-and-Doddsville superinvestor, was a pupil of Benjamin Graham alongside Warren Buffett (Trades, Portfolio). The steadfast focuses connected owning prime businesses tally by competent management, with a semipermanent position akin to a concern owner. They purpose to bargain these businesses astatine charismatic prices, ensuring a higher instrumentality than the S&P 500 Index with little cardinal risk.

• Warning! GuruFocus has detected 6 Warning Sign with SCHW.

Ruane Cunniff (Trades, Portfolio) added a full of 2 stocks to their portfolio this quarter:

• The astir important summation was Vanguard S&P 500 ETF (VOO), with 682 shares, accounting for 0.01% of the portfolio and a full worth of $350,490.

• The 2nd largest summation was Vanguard Total International Stock (NASDAQ:VXUS), consisting of 4,121 shares, representing a full worth of $255,910.

Ruane Cunniff (Trades, Portfolio) besides accrued stakes successful 1 stock:

• The astir notable summation was successful Vanguard Total Stock Market ETF (VTI), with an further 567 shares, bringing the full to 1,725 shares. This accommodation represents a important 48.96% summation successful stock count, with a 0% interaction connected the existent portfolio, totaling a worth of $474,100.

Ruane Cunniff (Trades, Portfolio) wholly exited 3 holdings successful the archetypal 4th of 2025:

• iShares Morningstar Small-Cap Value ETF (NYSE:JKL): Sold each 6,380 shares, resulting successful a -0.01% interaction connected the portfolio.

• Sendas Distribuidora SA (ASAIY): Liquidated each 152,478 shares, causing a -0.01% interaction connected the portfolio.

Ruane Cunniff (Trades, Portfolio) besides reduced positions successful 23 stocks, with the astir important changes including:

• Reduced Intercontinental Exchange Inc (NYSE:ICE) by 2,012,886 shares, resulting successful a -41.87% alteration successful shares and a -5.09% interaction connected the portfolio. The banal traded astatine an mean terms of $163.84 during the 4th and has returned 3.43% implicit the past 3 months and 15.71% year-to-date.

• Reduced Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) by 67,588 shares, resulting successful a -3.49% simplification successful shares and a -0.23% interaction connected the portfolio. The banal traded astatine an mean terms of $194.34 during the 4th and has returned -4.11% implicit the past 3 months and -1.00% year-to-date.