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, 2012 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 05/15/2012 _______________________ _____________________ _________ [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: 142 Form 13F Information Table Value Total: $12,936,447 [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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M Company COM 88579y101 201 2258 SH SOLE 2258 Advance Auto Parts COM 00751y106 635837 7178915 SH SOLE 4591331 2587584 Alleghany Corp COM 017175100 4691 14254 SH SOLE 14254 Altria Group Inc COM 02209S103 2890 93624 SH SOLE 93624 American Express COM 025816109 79944 1381683 SH SOLE 553206 828477 American Public Ed Inc COM 02913V103 788 20745 SH SOLE 20000 745 Amgen COM 031162100 348 5117 SH SOLE 5117 Amphenol Corp New Cl A COM 032095101 32230 539234 SH SOLE 364953 174281 Aon PLC COM g0408v102 20931 426650 SH SOLE 425000 1650 Apple Computer COM 037833100 998 1665 SH SOLE 1665 Applied Materials COM 038222105 193 15528 SH SOLE 15528 Arch Capital Group Ltd COM g0450a105 1257 33753 SH SOLE 33753 Athenahealth Inc. COM 04685w103 18530 250000 SH SOLE 250000 Automatic Data Processing COM 053015103 343 6211 SH SOLE 6211 BP Amoco PLC ADR COM 055622104 269 5976 SH SOLE 5976 Bank of America Corp COM 060505104 159 16648 SH SOLE 16648 Becton Dickinson & Co. COM 075887109 89002 1146191 SH SOLE 742183 404008 Bed Bath & Beyond Inc COM 075896100 399 6059 SH SOLE 6059 Berkshire Hathaway - Cl A COM 084670108 1281657 10514 SH SOLE 6504 4010 Berkshire Hathaway - Cl B COM 084670702 319401 3935932 SH SOLE 2184363 1751569 Blue Earth Refineries COM G11999102 2 15000 SH SOLE 15000 Brown & Brown Inc. COM 115236101 66503 2796596 SH SOLE 1987697 808899 C H Robinson Worldwide Inc COM 12541w209 247 3770 SH SOLE 3770 CVS Corp. COM 126650100 1490 33254 SH SOLE 3200 30054 Capella Education Co. COM 139594105 2053 57110 SH SOLE 55240 1870 Caterpillar COM 149123101 7951 74643 SH SOLE 74643 Chesapeake Energy Corp COM 165167107 60406 2607065 SH SOLE 2600500 6565 ChevronTexaco Corp COM 166764100 602 5618 SH SOLE 1232 4386 Citigroup Inc COM 172967101 225 6153 SH SOLE 6153 City National Corp. COM 178566105 525 10000 SH SOLE 10000 Coca Cola Co. COM 191216100 29620 400218 SH SOLE 57129 343089 Comcast Corp. Spl Cl A COM 20030n200 544 18436 SH SOLE 18436 Concur Technologies Inc COM 206708109 18037 314339 SH SOLE 300700 13639 ConocoPhillips COM 20825c104 221 2912 SH SOLE 2912 Corning COM 219350105 121155 8604729 SH SOLE 5551641 3053088 Costco Wholesale Corp COM 22160k105 68622 755753 SH SOLE 315545 440208 Cousins Properties Inc. COM 222795106 97 12826 SH SOLE 12826 Cresud SACIFYA Spon ADR Repstg COM 226406106 7457 605247 SH SOLE 605247 Danaher Corp. COM 235851102 83352 1488436 SH SOLE 970020 518416 Dice Holdings Inc COM 253017107 4665 500000 SH SOLE 500000 DirectTV Class A COM 25490a101 1691 34264 SH SOLE 14325 19939 Disney Walt COM 254687106 2377 54285 SH SOLE 54285 Du Pont E I De Nemours & Co. COM 263534109 201 3805 SH SOLE 3805 EOG Resources Inc. COM 26875p101 44440 400000 SH SOLE 400000 Ebay Inc COM 278642103 782 21185 SH SOLE 20750 435 El Paso Corporation COM 28336l109 299 10131 SH SOLE 10131 Emcor Group Inc COM 29084q100 58176 2098713 SH SOLE 1397826 700887 Emerson Electric COM 291011104 244 4670 SH SOLE 4670 Energizer Holdings Inc COM 29266r108 223 3011 SH SOLE 223 2788 Everest Re Group Ltd COM G3223R108 9622 104000 SH SOLE 104000 Expeditors Int'l of Wash. Inc. COM 302130109 18385 395298 SH SOLE 236500 158798 Exxon Mobil Corp COM 30231g103 14157 163232 SH SOLE 25033 138199 Fastenal Co COM 311900104 1105229 20429378 SH SOLE 13104582 7324796 Fifth Third Bancorp COM 316773100 1770 125996 SH SOLE 125996 First Solar Inc COM 336433107 24184 965411 SH SOLE 626977 338434 General Electric COM 369604103 6161 306987 SH SOLE 72240 234747 Goldman Sachs Group Inc COM 38141g104 176739 1421076 SH SOLE 868753 552323 Google Inc Cl A COM 38259p508 469810 732659 SH SOLE 565910 166749 Greenlight Capital Re Ltd Cl A COM G4095J109 10881 441764 SH SOLE 441764 HDFC Bank Ltd ADR Repstg 3 Shs COM 40415f101 569 16698 SH SOLE 4000 12698 Heartland Express COM 422347104 1461 101057 SH SOLE 101057 Highwoods Properties Inc COM 431284108 435 13050 SH SOLE 13050 Home Depot COM 437076102 1333 26503 SH SOLE 26503 IAC Interactivecorp COM 44919p300 4909 100000 SH SOLE 100000 IBM COM 459200101 307619 1474330 SH SOLE 957666 516664 Idex Corp COM 45167R104 372 8822 SH SOLE 8822 Idexx Laboratories Corp. COM 45168D104 481466 5505612 SH SOLE 3515002 1990610 Intel Corp COM 458140100 428 15232 SH SOLE 13400 1832 JP Morgan Chase & Co. COM 46625h100 983 21381 SH SOLE 21381 Johnson & Johnson COM 478160104 1226 18583 SH SOLE 2 18581 Kraft Foods Inc Cl A COM 50075n104 2542 66888 SH SOLE 66888 Lennox International Inc. COM 526107107 1248 30975 SH SOLE 745 30230 Leucadia Nat'l COM 527288104 430 16471 SH SOLE 16471 Linear Technology Group COM 535678106 9094 269855 SH SOLE 156724 113131 Lockheed Martin Corp. COM 539830109 386 4300 SH SOLE 4300 Lowe's Companies COM 548661107 267 8514 SH SOLE 8514 Manpower COM 56418H100 28587 603480 SH SOLE 600000 3480 Mastercard Inc COM 57636q104 235825 560766 SH SOLE 334946 225820 McDonalds COM 580135101 7075 72123 SH SOLE 12144 59979 McGraw Hill COM 580645109 19671 405840 SH SOLE 400800 5040 Medco Health Solutions Inc. COM 58405u102 349 4965 SH SOLE 552 4413 Merck & Co. COM 58933y105 424 11048 SH SOLE 11048 Mettler-Toledo Intl Inc COM 592688105 8289 44867 SH SOLE 29480 15387 Microsoft COM 594918104 2105 65269 SH SOLE 22689 42580 Mohawk Industries COM 608190104 504634 7587344 SH SOLE 4973852 2613492 Move Inc. COM 62458m108 2419 249111 SH SOLE 241722 7389 O Reilly Automotive Inc COM 67103h107 312565 3421623 SH SOLE 2778855 642768 Omnicom Group COM 681919106 150752 2976354 SH SOLE 1927284 1049070 Pampa Hldgs SA Spon GDR Reg S COM 697660207 5211 605980 SH SOLE 600000 5980 PepsiCo COM 713448108 4352 65599 SH SOLE 2000 63599 Perrigo Co COM 714290103 179490 1737393 SH SOLE 1063714 673679 Pfizer COM 717081103 209 9215 SH SOLE 9215 Philip Morris Intl Inc. COM 718172109 9342 105426 SH SOLE 105426 Praxair COM 74005P104 219091 1911121 SH SOLE 1256099 655022 Precision Castparts Corp COM 740189105 532933 3082321 SH SOLE 1952366 1129955 Price T Rowe Group Inc COM 74144t108 273 4175 SH SOLE 4175 Primerica Inc COM 74164M108 93797 3720625 SH SOLE 3705000 15625 Procter & Gamble COM 742718109 10145 150938 SH SOLE 150938 Progressive Corp. Ohio COM 743315103 3441 148448 SH SOLE 148448 Quicksilver Resources Inc COM 74837r104 5937 1178000 SH SOLE 1178000 Range Resources Corp COM 75281a109 96638 1662160 SH SOLE 1660000 2160 Republic Services Inc Cl A COM 760759100 621 20315 SH SOLE 714 19601 Resource America Inc Cl A COM 761195205 5023 796000 SH SOLE 796000 Ritchie Bros Auctioneers Inc COM 767744105 112693 4742960 SH SOLE 3056498 1686462 Robert Half Internat'l COM 770323103 212 7000 SH SOLE 7000 Roper Industries Inc New COM 776696106 428 4315 SH SOLE 4315 Royal Dutch Shell PLC Spon ADR COM 780259206 2377 33891 SH SOLE 33891 Royal Dutch Shell PLC Spon ADR COM 780259107 221 3127 SH SOLE 3127 SEI Investments Co COM 784117103 621 30000 SH SOLE 20000 10000 Shengkai Innovations Inc COM 82321p203 922 756138 SH SOLE 756138 Sherwin Williams Co. COM 824348106 577 5307 SH SOLE 5307 Simpson Manufacturing Co Inc. COM 829073105 323 10000 SH SOLE 10000 Sirona Dental Systems Inc COM 82966c103 130338 2528871 SH SOLE 1711372 817499 Sohu.com Inc COM 83408w103 5407 98000 SH SOLE 98000 Solta Med Inc. COM 83438k103 7232 2386937 SH SOLE 2386937 Stericycle Inc. COM 858912108 251 3000 SH SOLE 3000 Suntrust Banks COM 867914103 754 31203 SH SOLE 31203 TJX Cos - New COM 872540109 1336637 33659970 SH SOLE 21011045 12648925 Target Corp COM 87612e106 254764 4372122 SH SOLE 2812626 1559496 Tiffany & Co COM 886547108 145964 2111440 SH SOLE 1440457 670983 Trimble Navigation Ltd. COM 896239100 92166 1693600 SH SOLE 1161504 532096 U.S. Bancorp New - Del. COM 902973304 957 30216 SH SOLE 30216 Ultimate Software Group Inc COM 90385d107 7327 99990 SH SOLE 99990 Ultra Petroleum Corp. COM 903914109 11359 501940 SH SOLE 500240 1700 Union Pacific COM 907818108 259 2413 SH SOLE 2413 Valeant Pharmaceuticals Intern COM 91911k102 1921682 35792168 SH SOLE 22250389 13541779 Vanceinfo Technologies Inc ADR COM 921564100 6020 500000 SH SOLE 500000 Verisk Analytics Class A COM 92345Y106 3279 69803 SH SOLE 21604 48199 Verizon Communications COM 077853109 337 8811 SH SOLE 8811 Visa Inc Class A COM 92826C839 148997 1262688 SH SOLE 765316 497372 Wal-Mart Stores COM 931142103 190627 3114818 SH SOLE 2009730 1105088 Washington Post - Class B COM 939640108 1241 3323 SH SOLE 2000 1323 Waters Corp COM 941848103 144988 1564731 SH SOLE 1079430 485301 Wells Fargo & Co. New COM 949746101 299 8768 SH SOLE 8768 West Pharmaceutical Svcs Inc C COM 955306105 27141 638158 SH SOLE 436825 201333 Willis Group Holdings Public L COM g96666105 22517 643700 SH SOLE 640900 2800 World Fuel Services Corp COM 981475106 165244 4030351 SH SOLE 2743672 1286679 Young Broadcasting Inc Cl A COM 987434107 0 144865 SH SOLE 144865 Canadian Natural Resources COM 136385101 25942 781854 SH SOLE 481564 300290 Ryanair Hldgs PLC Spon ADR COM 783513104 404 11122 SH SOLE 1349 9773 Storm Resources Ltd. COM 86221r102 2526 1090600 SH SOLE 1090600 WPP PLC Spon ADR COM 92933h101 233 3408 SH SOLE 3408