Ruane, Cunniff & Goldfarb

Ruane, Cunniff & Goldfarb as of Dec. 31, 2004

Portfolio Holdings for Ruane, Cunniff & Goldfarb

Ruane, Cunniff & Goldfarb holds 212 positions in its portfolio as reported in the December 2004 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Berkshire Hathaway (BRK.A) 26.0 $3.3B 38k 87900.01
Progressive Corporation (PGR) 17.9 $2.3B 27M 84.84
Mohawk Industries (MHK) 7.8 $996M 11M 91.25
TJX Companies (TJX) 7.8 $997M 40M 25.13
Fifth Third Ban (FITB) 7.3 $940M 20M 47.28
Expeditors International of Washington (EXPD) 5.5 $714M 13M 55.88
Fastenal Company (FAST) 2.8 $354M 5.7M 61.56
Brown & Brown (BRO) 2.1 $277M 6.4M 43.55
IDEXX Laboratories (IDXX) 2.1 $275M 5.0M 54.59
Walgreen Company 1.9 $244M 6.4M 38.37
Ethan Allen Interiors (ETD) 1.6 $207M 5.2M 40.02
Tiffany & Co. 1.2 $160M 5.0M 31.97
Berkshire Hathaway Inc. Class B 1.2 $154M 52k 2936.00
Countrywide Financial Corp 1.1 $135M 3.6M 37.01
Gtech Holdings Corp 1.0 $133M 5.1M 25.95
Student Loan (STU) 0.9 $120M 650k 184.00
Wal-Mart Stores (WMT) 0.9 $117M 2.2M 52.82
Commerce Bancorp 0.9 $116M 1.8M 64.40
O'Reilly Automotive 0.7 $86M 1.9M 45.05
American Express Company (AXP) 0.6 $76M 1.3M 56.37
American Intl Group 0.5 $70M 1.1M 65.67
Harley-Davidson (HOG) 0.5 $67M 1.1M 60.75
WellPoint 0.4 $54M 467k 115.00
Golden West Financial Corp 0.4 $52M 852k 61.42
Aon Corporation 0.4 $51M 2.1M 23.86
Danaher Corporation (DHR) 0.4 $48M 838k 57.41
Willis Group Holdings 0.3 $45M 1.1M 41.17
Franklin Electric (FELE) 0.3 $45M 1.1M 42.26
Costco Wholesale Corporation (COST) 0.3 $43M 895k 48.41
Health Management Associates 0.3 $39M 1.7M 22.72
Education Management Corp 0.2 $32M 977k 33.01
Target Corporation (TGT) 0.2 $23M 442k 51.93
Washington Post Company 0.2 $24M 24k 983.02
Citi 0.2 $22M 456k 48.18
Aaron's 0.1 $16M 657k 25.00
Legg Mason 0.1 $16M 212k 73.26
Renaissance Re Holdings Ltd Cmn (RNR) 0.1 $14M 274k 52.08
PetSmart 0.1 $13M 371k 35.53
Laureate Education 0.1 $12M 280k 44.09
Pos (PKX) 0.1 $13M 285k 44.53
Netflix (NFLX) 0.1 $12M 995k 12.33
Flagstar Bancorp 0.1 $13M 593k 22.60
Patterson Companies (PDCO) 0.1 $12M 282k 43.39
NII Holdings 0.1 $12M 250k 47.45
Coca-Cola Company (KO) 0.1 $10M 240k 41.64
Lennar Corporation (LEN) 0.1 $9.8M 173k 56.68
J.C. Penney Company 0.1 $10M 247k 41.40
Jacobs Engineering 0.1 $11M 222k 47.79
ITT Educational Services (ESINQ) 0.1 $10M 210k 47.55
North Fork Bancorporation Ny 0.1 $10M 355k 28.85
Axis Capital Holdings (AXS) 0.1 $11M 394k 27.36
Accredited Home Lenders Holdin 0.1 $10M 203k 49.68
Alberto Culver - Class B 0.1 $8.6M 178k 48.57
Petroleo Brasileiro SA (PBR) 0.1 $8.0M 200k 39.78
Xto Energy 0.1 $8.0M 226k 35.38
Altria (MO) 0.1 $7.5M 123k 61.10
International Business Machines (IBM) 0.1 $7.8M 80k 98.58
Apollo 0.1 $8.1M 100k 80.71
St Paul Travelers Cos 0.1 $7.9M 212k 37.07
priceline.com Incorporated 0.1 $7.1M 300k 23.59
Bank of America Corporation (BAC) 0.1 $6.1M 129k 46.99
Home Depot (HD) 0.1 $6.5M 151k 42.74
Daimler Ag reg (MBGAF) 0.0 $5.2M 109k 48.05
Johnson & Johnson (JNJ) 0.0 $5.4M 84k 63.42
General Electric Company 0.0 $5.5M 151k 36.50
BB&T Corporation 0.0 $4.6M 109k 42.05
Concur Technologies 0.0 $5.6M 629k 8.91
FinishMaster 0.0 $5.1M 375k 13.65
Bank of the Ozarks 0.0 $4.7M 139k 34.03
Tv Azteca Sa De Cv 0.0 $5.1M 500k 10.28
Wellchoice 0.0 $5.6M 105k 53.40
Microsoft Corporation (MSFT) 0.0 $3.7M 140k 26.72
Suntrust Banks Inc $1.00 Par Cmn 0.0 $3.6M 48k 73.89
Walt Disney Company (DIS) 0.0 $3.5M 127k 27.80
General Motors Corp 0.0 $4.4M 111k 40.06
CVS Caremark Corporation (CVS) 0.0 $4.1M 92k 45.06
Marsh & McLennan Companies (MMC) 0.0 $3.9M 117k 32.90
Procter & Gamble Company (PG) 0.0 $3.3M 60k 55.08
Gillette Company 0.0 $3.6M 80k 44.78
Bankatlantic Corp Inc Cl A 0.0 $4.0M 200k 19.90
Credit Acceptance (CACC) 0.0 $3.2M 127k 25.45
Exxon Mobil Corp 0.0 $4.3M 84k 51.26
TCF Financial Corporation 0.0 $3.2M 100k 32.14
Pennsylvania Commerce 0.0 $4.0M 64k 62.99
Mercantile Bankshares 0.0 $3.5M 67k 52.21
Gladstone Commercial Corporation (GOOD) 0.0 $4.1M 239k 17.10
Bristol West Holdings 0.0 $4.2M 208k 20.00
JPMorgan Chase & Co. (JPM) 0.0 $2.3M 60k 39.00
McDonald's Corporation (MCD) 0.0 $2.7M 84k 32.06
Merck & Co 0.0 $2.2M 69k 32.14
Pfizer (PFE) 0.0 $2.7M 100k 26.89
Heartland Express (HTLD) 0.0 $2.8M 126k 22.47
Ultra Petroleum 0.0 $2.4M 50k 48.12
Wells Fargo & Company (WFC) 0.0 $2.2M 35k 62.16
Intel Corporation (INTC) 0.0 $2.4M 104k 23.39
Morgan Stanley (MS) 0.0 $2.7M 49k 55.51
Pepsi (PEP) 0.0 $2.0M 39k 52.20
D.R. Horton (DHI) 0.0 $2.2M 54k 40.31
International Speedway Corporation 0.0 $2.6M 48k 53.51
Strayer Education 0.0 $2.7M 25k 109.80
First National Bank Alaska (FBAK) 0.0 $3.1M 1.3k 2354.77
World Acceptance (WRLD) 0.0 $2.3M 84k 27.51
Bear Stearns Companies 0.0 $1.9M 19k 102.31
Usi Holdings Corporation 0.0 $3.2M 274k 11.57
BP (BP) 0.0 $1.3M 23k 58.38
HSBC Holdings (HSBC) 0.0 $1.8M 21k 85.16
Leucadia National 0.0 $750k 11k 69.44
State Street Corporation (STT) 0.0 $1.1M 23k 49.14
U.S. Bancorp (USB) 0.0 $821k 26k 31.30
Abbott Laboratories (ABT) 0.0 $1.3M 27k 46.64
Eli Lilly & Co. (LLY) 0.0 $702k 12k 56.72
Wyeth 0.0 $975k 23k 42.61
Comcast Corporation 0.0 $696k 21k 32.83
Beazer Homes USA 0.0 $1.5M 10k 146.20
Cisco Systems (CSCO) 0.0 $798k 41k 19.32
H&R Block (HRB) 0.0 $965k 20k 49.02
Kimberly-Clark Corporation (KMB) 0.0 $695k 11k 65.80
Vulcan Materials Company (VMC) 0.0 $891k 16k 54.58
Comerica Incorporated (CMA) 0.0 $1.5M 24k 61.02
Mellon Financial Corp. 0.0 $1.9M 60k 31.12
Allstate Corporation (ALL) 0.0 $1.3M 25k 51.73
Amgen (AMGN) 0.0 $764k 12k 64.15
Federal National Mortgage Association (FNMA) 0.0 $1.2M 17k 71.21
Royal Dutch Petroleum Co ny reg 0.0 $774k 14k 57.35
Wrigley 0.0 $1.7M 25k 69.19
Sara Lee 0.0 $794k 33k 24.13
Wesco Financial Corporation 0.0 $841k 2.1k 392.99
Merrill Lynch & Co. 0.0 $1.2M 19k 59.79
Sturm, Ruger & Company (RGR) 0.0 $1.2M 137k 9.03
Standard Pacific 0.0 $1.3M 20k 64.15
Vornado Realty Trust (VNO) 0.0 $1.3M 17k 76.11
City National Corporation 0.0 $706k 10k 70.60
Thor Industries (THO) 0.0 $1.6M 43k 37.06
Young Broadcasting 0.0 $1.5M 145k 10.56
Smithfield Foods 0.0 $1.2M 40k 29.60
C H Robinson Worldwide 0.0 $1.7M 30k 55.53
Arctic Cat 0.0 $1.2M 43k 26.52
M & T Bank Corp 0.0 $701k 6.5k 107.85
Nelnet (NNI) 0.0 $959k 36k 26.94
Cnet Networks 0.0 $1.1M 100k 11.23
HCC Insurance Holdings 0.0 $1.7M 50k 33.12
Bowater 0.0 $1.8M 42k 43.97
Levitt Corp Cl A 0.0 $1.5M 50k 30.56
Unitedhealth Group 0.0 $985k 11k 88.03
Grey Global Group 0.0 $1.5M 1.4k 1099.86
Sears Roebuck & Co. 0.0 $893k 18k 51.03
Loews Corporation (L) 0.0 $311k 4.4k 70.36
Comcast Corporation (CMCSA) 0.0 $236k 7.1k 33.29
Hartford Financial Services (HIG) 0.0 $413k 6.0k 69.38
Charles Schwab Corporation (SCHW) 0.0 $355k 30k 11.96
PNC Financial Services (PNC) 0.0 $417k 7.3k 57.45
SEI Investments Company (SEIC) 0.0 $419k 10k 41.90
SLM Corporation (SLM) 0.0 $267k 5.0k 53.40
Tyco Intl 0.0 $506k 14k 35.75
Chevron Corporation (CVX) 0.0 $204k 3.9k 52.60
Medco Health Solutions 0.0 $227k 5.4k 41.67
Bristol Myers Squibb (BMY) 0.0 $462k 18k 25.64
Interactive Data Corporation 0.0 $304k 14k 21.71
Sonoco Products Company (SON) 0.0 $208k 7.0k 29.66
SYSCO Corporation (SYY) 0.0 $216k 5.7k 38.23
Automatic Data Processing (ADP) 0.0 $542k 12k 44.38
Briggs & Stratton Corporation 0.0 $332k 8.0k 41.59
Liz Claiborne 0.0 $489k 12k 42.19
Nokia Corporation (NOK) 0.0 $430k 27k 15.68
Corinthian Colleges 0.0 $245k 13k 18.85
E.I. du Pont de Nemours & Company 0.0 $381k 7.8k 49.10
Emerson Electric (EMR) 0.0 $536k 7.7k 70.07
Mettler-Toledo International (MTD) 0.0 $324k 6.3k 51.31
Varco International 0.0 $557k 20k 27.64
ConocoPhillips (COP) 0.0 $507k 5.8k 86.76
GlaxoSmithKline 0.0 $280k 5.9k 47.47
United Technologies Corporation 0.0 $217k 2.1k 103.33
Wachovia Corp 0.0 $571k 11k 52.58
Ford Motor Company (F) 0.0 $321k 22k 14.66
Bank Of New York 0.0 $370k 11k 33.45
Liberty Media Corp-a 0.0 $361k 33k 10.98
Delphi Corp 0.0 $280k 31k 9.03
Shell Transport & Trading Adr adr ny 0.0 $222k 4.3k 51.47
Gannett 0.0 $429k 5.3k 81.71
Hershey Company (HSY) 0.0 $339k 6.1k 55.57
Lynch Interactive Corp 0.0 $269k 8.4k 32.02
General Growth Properties 0.0 $233k 6.5k 36.12
Cousins Properties 0.0 $606k 20k 30.26
Applied Materials (AMAT) 0.0 $626k 37k 17.10
Aptar (ATR) 0.0 $376k 7.1k 52.82
Drew Industries 0.0 $614k 17k 36.15
Highwoods Properties (HIW) 0.0 $528k 19k 27.72
Robert Half International (RHI) 0.0 $294k 10k 29.40
Varian Medical Systems 0.0 $216k 5.0k 43.20
Royal Palm Beach Col 0.0 $11k 14k 0.79
MFS Intermediate Income Trust (MIN) 0.0 $100k 16k 6.45
Central Securities (CET) 0.0 $241k 11k 22.83
Lennar Corporation (LEN.B) 0.0 $502k 9.6k 52.16
Direct General Corp 0.0 $609k 19k 32.12
Marshall & Ilsley Corp 0.0 $524k 12k 44.24
Forest Laboratories 0.0 $453k 10k 44.83
Zimmer Holdings (ZBH) 0.0 $321k 4.0k 80.07
Bowl America Incorporated 0.0 $236k 17k 14.08
CNA Financial Corporation (CNA) 0.0 $215k 8.1k 26.70
Mocon 0.0 $206k 21k 9.81
OPT-Sciences (OPST) 0.0 $91k 16k 5.58
Sunshine Pcs Corp 0.0 $1.1k 11k 0.10
Bedford Property Investors 0.0 $597k 21k 28.39
National Medical Health Card S 0.0 $231k 10k 23.10
Center Financial Corporation 0.0 $278k 14k 20.03
Carlisle Companies (CSL) 0.0 $459k 7.1k 64.95
County Bank Corp - Mich 0.0 $475k 8.9k 53.23
Ams Realstar 0.0 $0 10k 0.00
Dollar General Corp 0.0 $347k 17k 20.80
Mcleodusa Inc Cl A 0.0 $72k 100k 0.72
National Presto Industries (NPK) 0.0 $204k 4.5k 45.46
New York Times Company (NYT) 0.0 $219k 5.4k 40.75