Ruane, Cunniff & Goldfarb Purchase J.C. Penney, Apollo and Apache

The third quarter 13F filing from Ruane, Cunnif & Goldfarb shows that the famous value oriented firm sold out of four stocks and reduced its holdings in 67 others. The firm also purchased 15 new stocks and increased its position in six other stocks.

The major holdings in the fund include Valeant Pharmaceuticals Intl Inc (NYSE:VRX) (TSE:VRX), Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE: BRK.B), The TJX Companies, Inc. (NYSE:TJX), Fastenal Company (NASDAQ:FAST) and Mohawk Industries, Inc. (NYSE:MHK).

Adds And Increases

Relying On Old-Fashioned Stock Picking, Lee Ainslie Reports His “Strongest Quarter” Ever

Lee Ainslie's Maverick Fund USA enjoyed its "strongest quarter in the fund's history" during the three months to the end of June. According to a copy of the firm's second-quarter letter to investors, which ValueWalk has been able to review, Maverick Fund USA gained 18% in the second quarter. Following this performance, the fund was Read More

The firm purchased shares of Apache Corporation (NYSE:APA), Apollo Group Inc (NASDAQ:APOL) and J.C. Penney Company, Inc. (NYSE:JCP) during the third quarter and increased its holdings in The Coca-Cola Company (NYSE:KO).

Sell-Offs And Reductions

The firm’s major sell-offs include Duke Energy Corp (NYSE:DUK), athenahealth, Inc (NASDAQ:ATHN) and C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW).

It also decreased its holdings in The McGraw-Hill Companies, Inc. (NYSE:MHP) and Google Inc (NASDAQ:GOOG).