13F-HR 1 table.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2011 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Ruane, Cunniff & Goldfarb Inc. Address: 767 Fifth Avenue New York, New York 10153 Form 13F File Number: 28-154 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Mr. Joseph Quinones, Jr. Title: Chief Financial Officer Phone: (212) 832-5280 Signature, Place, and Date of Signing: /s/ Joseph Quinones, Jr. New York, NY 05/16/2011 _______________________ _____________________ _________ [Signature] [City, State] [Date] Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check her if no holdings reported are in this report, and all holdings are reported by other reporting manger(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: NONE 2 Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: None Form 13F Information Table Entry Total: 150 Form 13F Information Table Value Total: $10,511,111 [thousands] List of Other Included Managers: NONE 3 Ruane, Cunniff & Goldfarb Inc. FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Advance Auto Parts COM 00751y106 423129 6448164 SH SOLE 4238117 2210047 Altria Group Inc COM 02209S103 2437 93624 SH SOLE 93624 American Express COM 025816109 63641 1407986 SH SOLE 602091 805895 American Public Ed Inc COM 02913V103 3345 82700 SH SOLE 80000 2700 Aon Corp. COM 037389103 43807 827170 SH SOLE 825000 2170 Apache Corp COM 037411105 214 1634 SH SOLE 1634 Apollo Group Inc Cl A COM 037604105 29343 703500 SH SOLE 701000 2500 Apple Computer COM 037833100 533 1530 SH SOLE 1530 Applied Materials COM 038222105 325 20832 SH SOLE 20832 Aptargroup COM 038336103 381 7600 SH SOLE 3000 4600 Arch Capital Group Ltd COM g0450a105 34112 343909 SH SOLE 323450 20459 Automatic Data Processing COM 053015103 239 4651 SH SOLE 4651 BP Amoco PLC ADR COM 055622104 305 6908 SH SOLE 6908 Bank of America Corp COM 060505104 278 20825 SH SOLE 20825 Bankatlantic Corp Inc Cl A COM 065908501 1195 1299312 SH SOLE 1299312 Becton Dickinson & Co. COM 075887109 114097 1433018 SH SOLE 913618 519400 Beltline Marsh LTD COM 080lp0372 62 62000 SH SOLE 62000 Berkshire Hathaway - Cl A COM 084670108 1214784 9695 SH SOLE 6364 3331 Berkshire Hathaway - Cl B COM 084670702 129238 1545360 SH SOLE 135482 1409878 Blue Earth Refineries COM G11999102 9 15000 SH SOLE 15000 Brown & Brown Inc. COM 115236101 81750 3168619 SH SOLE 2212224 956395 C H Robinson Worldwide Inc COM 12541w209 293 3947 SH SOLE 3947 CVS Corp. COM 126650100 30157 878700 SH SOLE 818000 60700 Cabot Oil & Gas - Class A COM 127097103 15970 301500 SH SOLE 300000 1500 Capella Education Co. COM 139594105 2066 41500 SH SOLE 40000 1500 Caterpillar COM 149123101 8311 74643 SH SOLE 74643 Chesapeake Energy Corp COM 165167107 40416 1205716 SH SOLE 1201015 4701 ChevronTexaco Corp COM 166764100 562 5229 SH SOLE 1232 3997 Citigroup Inc COM 172967101 312 70501 SH SOLE 8200 62301 City National Corp. COM 178566105 571 10000 SH SOLE 10000 Coca Cola Co. COM 191216100 27032 407473 SH SOLE 68439 339034 Comcast Corp. Spl Cl A COM 20030n200 628 27060 SH SOLE 27060 Concur Technologies Inc COM 206708109 51215 923621 SH SOLE 906800 16821 ConocoPhillips COM 20825c104 257 3212 SH SOLE 3212 Costco Wholesale Corp COM 22160k105 56186 766315 SH SOLE 336226 430089 Cousins Properties Inc. COM 222795106 107 12826 SH SOLE 12826 Cresud SACIFYA Spon ADR Repstg COM 226406106 10955 605247 SH SOLE 605247 Crown Hldgs Inc COM 228368106 6786 175900 SH SOLE 175000 900 Danaher Corp. COM 235851102 76311 1470340 SH SOLE 969348 500992 Dish Network Corp Class A COM 25470m109 19982 820280 SH SOLE 819480 800 Disney Walt COM 254687106 2278 52865 SH SOLE 52865 Drew Industries Inc COM 26168l205 275 12327 SH SOLE 1712 10615 EOG Resources Inc. COM 26875p101 71160 600455 SH SOLE 600000 455 Ebay Inc COM 278642103 694 22350 SH SOLE 21500 850 Education Management Corp COM 28139t101 21006 1003150 SH SOLE 1001000 2150 El Paso Corporation COM 28336l109 182 10131 SH SOLE 10131 Emerson Electric COM 291011104 209 3570 SH SOLE 3570 Energizer Holdings Inc COM 29266r108 214 3011 SH SOLE 355 2656 Everest Re Group Ltd COM G3223R108 7583 86000 SH SOLE 86000 Expeditors Int'l of Wash. Inc. COM 302130109 21910 436885 SH SOLE 271300 165585 Exxon Mobil Corp COM 30231g103 13049 155107 SH SOLE 20744 134363 Fastenal Co COM 311900104 737319 11373114 SH SOLE 7226134 4146980 Fifth St Fin Corp COM 31678A103 2643 198000 SH SOLE 198000 Fifth Third Bancorp COM 316773100 1753 126244 SH SOLE 126244 First Solar Inc COM 336433107 1932 12015 SH SOLE 5895 6120 General Electric COM 369604103 6617 330017 SH SOLE 75004 255013 General Mills COM 370334104 364 9962 SH SOLE 40 9922 Goldman Sachs Group Inc COM 38141g104 227050 1431589 SH SOLE 878679 552910 Google Inc Cl A COM 38259p508 371165 633160 SH SOLE 475062 158098 Greenlight Capital Re Ltd Cl A COM G4095J109 12462 441764 SH SOLE 441764 HDFC Bank Ltd ADR Repstg 3 Shs COM 40415f101 553 3253 SH SOLE 800 2453 Heartland Express COM 422347104 1775 101057 SH SOLE 101057 Highwoods Properties Inc COM 431284108 579 16550 SH SOLE 16550 Home Depot COM 437076102 1510 40744 SH SOLE 40744 IBM COM 459200101 239583 1469204 SH SOLE 970767 498437 Idex Corp COM 45167R104 385 8822 SH SOLE 8822 Idexx Laboratories Corp. COM 45168D104 579881 7509464 SH SOLE 4888977 2620487 Illinois Tool Works COM 452308109 254 4719 SH SOLE 418 4301 Intel Corp COM 458140100 342 16942 SH SOLE 13400 3542 Irsa Inversiones y Represen SA COM 450047204 1109 80000 SH SOLE 80000 JP Morgan Chase & Co. COM 46625h100 1954 42396 SH SOLE 42396 Johnson & Johnson COM 478160104 1348 22756 SH SOLE 3 22753 Kraft Foods Inc Cl A COM 50075n104 2097 66853 SH SOLE 66853 Lennox International Inc. COM 526107107 1841 35018 SH SOLE 1745 33273 Leucadia Nat'l COM 527288104 637 16967 SH SOLE 16967 Lockheed Martin Corp. COM 539830109 402 5000 SH SOLE 5000 Loews COM 540424108 259 6000 SH SOLE 6000 Lowe's Companies COM 548661107 225 8514 SH SOLE 8514 M & T Bank Corp COM 55261f104 257 2905 SH SOLE 2905 Manpower COM 56418H100 6288 100000 SH SOLE 100000 Mastercard Inc COM 57636q104 141977 564029 SH SOLE 337041 226988 McDonalds COM 580135101 5744 75496 SH SOLE 12144 63352 McGraw Hill COM 580645109 47521 1206120 SH SOLE 1200800 5320 Medco Health Solutions Inc. COM 58405u102 3511 62511 SH SOLE 30522 31989 Merck & Co. COM 58933y105 595 18032 SH SOLE 18032 Mettler-Toledo Intl Inc COM 592688105 12263 71299 SH SOLE 50457 20842 Microsoft COM 594918104 1266 49850 SH SOLE 14613 35237 Mohawk Industries COM 608190104 508392 8313849 SH SOLE 5628634 2685215 Move Inc. COM 62458m108 2379 999540 SH SOLE 966890 32650 Nokia Corp-Sponsored ADR Repst COM 654902204 114 13345 SH SOLE 11500 1845 O Reilly Automotive Inc COM 67103h107 196213 3414784 SH SOLE 2784403 630381 Omnicom Group COM 681919106 144499 2945354 SH SOLE 1947929 997425 Pampa Hldgs SA Spon GDR Reg S COM 697660207 8611 607680 SH SOLE 600000 7680 PepsiCo COM 713448108 18976 294606 SH SOLE 202000 92606 Perrigo Co COM 714290103 138098 1736646 SH SOLE 1078536 658110 Petrohawk Energy Corp COM 716495106 9816 400000 SH SOLE 400000 Pfizer COM 717081103 318 15640 SH SOLE 6000 9640 Philip Morris Intl Inc. COM 718172109 6910 105285 SH SOLE 105285 Pioneer Natural Resources Co. COM 723787107 30698 301195 SH SOLE 300000 1195 Praxair COM 74005P104 124066 1221120 SH SOLE 771625 449495 Precision Castparts Corp COM 740189105 455861 3097300 SH SOLE 1984620 1112680 Price T Rowe Group Inc COM 74144t108 269 4045 SH SOLE 4045 Primerica Inc COM 74164M108 94589 3707900 SH SOLE 3700000 7900 Procter & Gamble COM 742718109 10061 163323 SH SOLE 10300 153023 Progressive Corp. Ohio COM 743315103 3064 145005 SH SOLE 8169 136836 Quicksilver Resources Inc COM 74837r104 16857 1178000 SH SOLE 1178000 Range Resources Corp COM 75281a109 87864 1502980 SH SOLE 1500000 2980 Republic Services Inc Cl A COM 760759100 1980 65913 SH SOLE 45214 20699 Resource America Inc Cl A COM 761195205 5102 796000 SH SOLE 796000 Ritchie Bros Auctioneers Inc COM 767744105 142656 5067703 SH SOLE 3145639 1922064 Robert Half Internat'l COM 770323103 245 8000 SH SOLE 8000 Roper Industries Inc New COM 776696106 395 4565 SH SOLE 4565 Royal Dutch Shell PLC Spon ADR COM 780259206 2622 35987 SH SOLE 35987 Royal Dutch Shell PLC Spon ADR COM 780259107 250 3414 SH SOLE 3414 SEI Investments Co COM 784117103 716 30000 SH SOLE 20000 10000 Sandridge Energy Inc COM 80007p307 19200 1500000 SH SOLE 1500000 Shengkai Innovations Inc COM 82321p104 4733 1204331 SH SOLE 1204331 Sherwin Williams Co. COM 824348106 437 5201 SH SOLE 5201 Simpson Manufacturing Co Inc. COM 829073105 295 10000 SH SOLE 10000 Stericycle Inc. COM 858912108 266 3000 SH SOLE 3000 Strayer Education Inc COM 863236105 1626 12463 SH SOLE 6160 6303 Sturm Ruger & Co. COM 864159108 250 10900 SH SOLE 5000 5900 Suntrust Banks COM 867914103 924 32052 SH SOLE 32052 TJX Cos - New COM 872540109 865628 17406556 SH SOLE 10828315 6578241 Target Corp COM 87612e106 213932 4277776 SH SOLE 2741017 1536759 Thor Industries Inc COM 885160101 357 10709 SH SOLE 2037 8672 Trimble Navigation Ltd. COM 896239100 13486 266834 SH SOLE 178139 88695 U.S. Bancorp New - Del. COM 902973304 919 34756 SH SOLE 34756 Ultimate Software Group Inc COM 90385d107 35395 602460 SH SOLE 598000 4460 Ultra Petroleum Corp. COM 903914109 14800 300500 SH SOLE 300000 500 Union Pacific COM 907818108 227 2313 SH SOLE 2313 Valeant Pharmaceuticals Intern COM 91911k102 1830580 36751257 SH SOLE 23105471 13645786 Verisk Analytics Class A COM 92345Y106 2334 71241 SH SOLE 21604 49637 Verizon Communications COM 077853109 358 9283 SH SOLE 9283 Visa Inc Class A COM 92826C839 105058 1427035 SH SOLE 922260 504775 WR Berkley Corp COM 084423102 51647 1603450 SH SOLE 1597500 5950 Wal-Mart Stores COM 931142103 181275 3482705 SH SOLE 2140847 1341858 Walgreen COM 931422109 1154 28760 SH SOLE 28760 Washington Post - Class B COM 939640108 579 1324 SH SOLE 1324 Waters Corp COM 941848103 262 3020 SH SOLE 3020 Wells Fargo & Co. New COM 949746101 238 7518 SH SOLE 7518 West Pharmaceutical Svcs Inc C COM 955306105 3154 70445 SH SOLE 64000 6445 Willis Group Holdings Public L COM g96666105 28728 711800 SH SOLE 708900 2900 World Fuel Services Corp COM 981475106 33518 825365 SH SOLE 526003 299362 Young Broadcasting Inc Cl A COM 987434107 0 144865 SH SOLE 144865 Yum Brands Inc. COM 988498101 4479 87181 SH SOLE 71170 16011 Canadian Natural Resources COM 136385101 36919 746888 SH SOLE 479420 267468 Canadian Oil Sands Ltd COM 13643e105 210 6250 SH SOLE 6250 Ryanair Hldgs PLC Spon ADR COM 783513104 950 34157 SH SOLE 2634 31523 WPP PLC Spon ADR COM 92933h101 210 3408 SH SOLE 3408