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: December 31, 2008 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 02/13/2009 _______________________ _____________________ _________ [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: 166 Form 13F Information Table Value Total: $6,973,830 [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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 51 Job Inc Spons ADR COM 316827104 5310 862070 SH SOLE 860000 2070 Abercrombie & Fitch Co-Cl A COM 002896207 761 33000 SH SOLE 33000 Akamai Technologies COM 00971t101 1509 100000 SH SOLE 100000 Alliance Data Sys Corp COM 018581108 2327 50000 SH SOLE 50000 Altria Group Inc COM 02209S103 1551 102985 SH SOLE 7500 95485 American Express COM 025816109 29136 1570672 SH SOLE 731199 840230 Amgen COM 031162100 404 7000 SH SOLE 7000 Apache Corp COM 037411105 328 4406 SH SOLE 4406 Apple Computer COM 037833100 233 2730 SH SOLE 2730 Applied Materials COM 038222105 238 23532 SH SOLE 23532 Aptargroup COM 038336103 423 12000 SH SOLE 3000 9000 Atlas Amer Inc COM 049167109 5796 390300 SH SOLE 390300 Atlas Energy Res LLC Cl B LLC COM 049303100 3952 309500 SH SOLE 309500 Axis Capital Holdings Ltd COM g0692u109 38915 1336380 SH SOLE 1328900 7480 BB&T Corp COM 054937107 2629 95727 SH SOLE 4000 91727 BP Amoco PLC ADR COM 055622104 968 20706 SH SOLE 1586 19120 Bank of America Corp COM 060505104 637 45211 SH SOLE 1206 44005 Bankatlantic Corp Inc Cl A COM 065908501 1385 238800 SH SOLE 238800 Bed Bath & Beyond Inc COM 075896100 2233 87851 SH SOLE 50876 36975 Berkshire Hathaway - Cl A COM 084670108 1939148 20074 SH SOLE 13405 6702 Berkshire Hathaway - Cl B COM 084670207 171653 53408 SH SOLE 12670 40967 Blue Earth Refineries COM G11999102 14 15000 SH SOLE 15000 Bristol-Myers Squibb COM 110122108 218 9355 SH SOLE 9355 Brown & Brown Inc. COM 115236101 99901 4781518 SH SOLE 2959883 1821635 C H Robinson Worldwide Inc COM 12541w209 230 4182 SH SOLE 4182 CVS Corp. COM 126650100 3324 115644 SH SOLE 11200 104444 Cabelas Inc. Cl A COM 126804301 129 22157 SH SOLE 3087 19070 Cache Inc COM 127150308 586 290000 SH SOLE 290000 Canadian Natural Resources COM 136385101 3428 85755 SH SOLE 69775 15980 Carmax, Inc. COM 143130102 930 118046 SH SOLE 118000 46 Cascade Bancorp COM 147154108 84 12500 SH SOLE 12500 Caterpillar COM 149123101 111678 2500061 SH SOLE 1638097 862804 Central European Media Enterpr COM g20045103 12701 584760 SH SOLE 584760 Chesapeake Energy Corp COM 165167107 28609 1769284 SH SOLE 1747300 22636 ChevronTexaco Corp COM 166764100 683 9234 SH SOLE 1232 8002 Chubb COM 171232101 261 5124 SH SOLE 3200 1924 Citigroup Inc COM 172967101 554 82589 SH SOLE 8200 74389 City National Corp. COM 178566105 487 10000 SH SOLE 10000 Coca Cola Co. COM 191216100 18665 412296 SH SOLE 76870 335855 Cognizant Technology Solutions COM 192446102 5608 310503 SH SOLE 310503 Collective Brands Inc COM 19421W100 2652 226265 SH SOLE 225350 915 Concur Technologies Inc COM 206708109 45960 1400370 SH SOLE 1395650 4720 ConocoPhillips COM 20825c104 396 7648 SH SOLE 7648 Continental Res Inc Okla COM 212015101 8284 400000 SH SOLE 400000 Costco Wholesale Corp COM 22160k105 42412 807855 SH SOLE 354487 453467 Cousins Properties Inc. COM 222795106 180 13025 SH SOLE 13025 Cresud SACIFYA Spon ADR Repstg COM 226406106 5144 574777 SH SOLE 574777 Cummins Engine Inc COM 231021106 113997 4264754 SH SOLE 2788860 1477330 Danaher Corp. COM 235851102 44069 778472 SH SOLE 558424 220048 Discover Financial Services COM 254709108 2629 275885 SH SOLE 271100 4785 Dish Network Corp Class A COM 25470m109 9268 835712 SH SOLE 834912 800 Disney Walt COM 254687106 1944 85681 SH SOLE 85681 Drew Industries Inc COM 26168l205 520 43371 SH SOLE 9448 35333 Ebay Inc COM 278642103 350 25107 SH SOLE 21500 3607 El Paso Corporation COM 28336l109 82 10431 SH SOLE 10431 Elong Inc Com Spon ADR COM 290138205 748 105300 SH SOLE 100500 4800 Emerson Electric COM 291011104 251 6860 SH SOLE 6860 Expedia Inc Cl A COM 30212p105 14886 1806500 SH SOLE 1806500 Expeditors Int'l of Wash. Inc. COM 302130109 314978 9479904 SH SOLE 5523878 3956026 Exxon Mobil Corp COM 30131g103 7246 90770 SH SOLE 800 89970 Factset Research Systems Inc COM 303075105 840 18993 SH SOLE 18993 Fastenal Co COM 311900104 484203 13897159 SH SOLE 8998873 4898286 Fifth Third Bancorp COM 316773100 1098 132984 SH SOLE 6000 126984 Finishmaster Inc COM 31787p108 6198 375632 SH SOLE 375032 600 First Natl Bank Alaska COM 32112j106 1452 913 SH SOLE 913 Franklin Electric COM 353514102 2410 85743 SH SOLE 85743 Franklin Resources COM 354613101 473 7416 SH SOLE 7000 416 Fremont General Corp COM 357288109 1 22544 SH SOLE 3477 19553 GMX Resources Inc COM 38011m108 13268 524000 SH SOLE 524000 Genentech Inc COM 368710406 207 2500 SH SOLE 2500 General Electric COM 369604103 7020 433348 SH SOLE 130492 302856 Genzyme COM 372917104 226 3400 SH SOLE 3400 Google Inc Cl A COM 38259p508 44667 145189 SH SOLE 141835 3450 Graco Inc COM 384109104 3380 142442 SH SOLE 2765 139677 Greenlight Capital Re Ltd Cl A COM G4095J109 3559 274000 SH SOLE 274000 Health Management Associates I COM 421933102 68 38130 SH SOLE 38130 Heartland Express COM 422347104 1593 101057 SH SOLE 101057 Highwoods Properties Inc COM 431284108 508 18550 SH SOLE 18550 Home Depot COM 437076102 938 40744 SH SOLE 40744 Hugoton Royalty Tr Texas Unit COM 444717102 198 12308 SH SOLE 12294 14 IBM COM 459200101 5683 67532 SH SOLE 3699 63833 Idex Corp COM 45167R104 213 8822 SH SOLE 8822 Idexx Laboratories Corp. COM 45168D104 479588 13294045 SH SOLE 8485611 4808434 Illinois Tool Works COM 452308109 1204 34352 SH SOLE 19732 14798 Innerworkings Inc Com COM 45773y105 1592 243099 SH SOLE 243099 Intel Corp COM 458140100 315 21508 SH SOLE 13400 8108 Irsa Inversiones y Represen SA COM 450047204 2549 588900 SH SOLE 588900 JP Morgan Chase & Co. COM 46625h100 858 27197 SH SOLE 27197 Jacobs Engineering Group Inc COM 469814107 350 7280 SH SOLE 7280 Johnson & Johnson COM 478160104 4097 68471 SH SOLE 68471 Kaiser Aluminum Corp COM 483007704 225 10000 SH SOLE 10000 Knight Transportation COM 499064103 80480 4994281 SH SOLE 3838922 1155359 Kraft Foods Inc Cl A COM 50075n104 1493 55587 SH SOLE 55587 Legg Mason COM 524901105 11475 523746 SH SOLE 519000 4746 Leucadia Nat'l COM 527288104 249 12600 SH SOLE 12600 Loews COM 540424108 201 7100 SH SOLE 6000 1100 Lowe's Companies COM 548661107 427 19838 SH SOLE 6500 13338 MFS Intermediate COM 55273C107 97 15500 SH SOLE 15500 Magna Internat'l - Cl A COM 559222401 2993 100000 SH SOLE 100000 Manpower COM 56418H100 15160 446000 SH SOLE 446000 Martin Marietta Materials Inc. COM 573284106 574470 5919049 SH SOLE 3989466 1929583 Mastercard Inc COM 57636q104 91770 642063 SH SOLE 323478 321015 McDonalds COM 580135101 4427 71181 SH SOLE 71181 McGraw Hill COM 580645109 27778 1197840 SH SOLE 1195800 2040 Mercadolibre Inc COM 58733r102 11384 693730 SH SOLE 688600 5130 Merck & Co. COM 589331107 753 24754 SH SOLE 900 23854 Mettler-Toledo Intl Inc COM 592688105 310 4600 SH SOLE 4600 Microsoft COM 594918104 1682 86543 SH SOLE 9220 77323 Mohawk Industries COM 608190104 435176 10129108 SH SOLE 6704396 3424712 News Corporation Cl A COM 65248E104 92 10780 SH SOLE 10780 Nokia Corp-Sponsored ADR Repst COM 654902204 439 28125 SH SOLE 17100 11025 O Reilly Automotive Inc COM 686091109 109358 3557509 SH SOLE 2842962 717621 Oracle Corp. COM 68389X105 188 10600 SH SOLE 10600 Paccar Inc. COM 693718108 103504 3619027 SH SOLE 2152354 1468160 Pampa Hldgs SA Spon GDR Reg S COM 697660207 3585 500000 SH SOLE 500000 Penn Va Corp COM 707882106 8654 333095 SH SOLE 332000 1095 Penske Auto Group Inc COM 70959w103 3686 480000 SH SOLE 480000 PepsiCo COM 713448108 5905 107813 SH SOLE 2000 105813 Petrohawk Energy Corp COM 716495106 6252 400000 SH SOLE 400000 Petroleum Development Corp-Nev COM 716578109 4814 200000 SH SOLE 200000 Petsmart Inc COM 716768106 451 24465 SH SOLE 5330 19871 Pfizer COM 717081103 261 14734 SH SOLE 6000 8734 Philip Morris Intl Inc. COM 718172109 4481 102985 SH SOLE 7500 95485 Pioneer Natural Resources Co. COM 723787107 15203 939590 SH SOLE 937750 1840 Pool Corporation COM 73278l105 386 21461 SH SOLE 4324 17761 Priceline.com Inc COM 741503403 8720 118400 SH SOLE 117400 1000 Procter & Gamble COM 742718109 10596 171400 SH SOLE 10300 161100 Progressive Corp. Ohio COM 743315103 4662 314816 SH SOLE 70581 244235 Quicksilver Resources Inc COM 74837r104 6645 1193000 SH SOLE 1193000 Range Resources Corp COM 75281a109 21160 615300 SH SOLE 613100 2200 Resource America Inc Cl A COM 761195205 3184 796000 SH SOLE 796000 Ritchie Bros Auctioneers Inc COM 767744105 104111 4860460 SH SOLE 3166043 1704166 Roper Industries Inc New COM 776696106 6311 145388 SH SOLE 140000 5388 Royal Dutch Shell PLC Spon ADR COM 780259206 1998 37741 SH SOLE 37741 Royal Palm Beach Col COM 780908208 11 14000 SH SOLE 14000 SEI Investments Co COM 784117103 487 31000 SH SOLE 20000 11000 Schlumberger Ltd COM 806857108 209 4940 SH SOLE 4940 Sherwin Williams Co. COM 824348106 335 5601 SH SOLE 5601 Simpson Manufacturing Co Inc. COM 829073105 278 10000 SH SOLE 10000 Sina Corporation COM g81477104 5936 256400 SH SOLE 256400 Southwestern Energy Co COM 845467109 1677 57902 SH SOLE 8190 50894 Stericycle Inc. COM 858912108 344 6600 SH SOLE 6600 Storm Gas Res Corp **RESTRICTE COM 862998994 3670 570000 SH SOLE 570000 Student Loan Corp COM 863902102 4330 105600 SH SOLE 105600 Sturm Ruger & Co. COM 864159108 69 11500 SH SOLE 5000 6500 Suntrust Banks COM 867914103 1046 35403 SH SOLE 35403 TCF Financial Corp. COM 872275102 606 44367 SH SOLE 44367 TJX Cos - New COM 872540109 358295 17422951 SH SOLE 11518547 5904404 Target Corp COM 87612e106 163450 4733567 SH SOLE 3098688 1636597 Thermadyne Holdiings Corp COM 883435307 2748 400000 SH SOLE 400000 Thor Industries Inc COM 885160101 851 64578 SH SOLE 10449 55948 Tiffany & Co COM 886547108 8672 366979 SH SOLE 135900 231079 Total System Services Inc COM 891906109 256 18252 SH SOLE 3014 15617 U.S. Bancorp New - Del. COM 902973304 330 13183 SH SOLE 2915 10268 Ultimate Software Group Inc COM 90385d107 18755 1284560 SH SOLE 1277500 7060 Visa Inc Class A COM 92826C839 944 18000 SH SOLE 18000 Votorantim Cellulose E Papel S COM 92906p106 17005 2144400 SH SOLE 2144200 200 Vulcan Materials COM 929160109 71663 1029931 SH SOLE 806069 223862 WR Berkley Corp COM 084423102 14415 465000 SH SOLE 465000 Wal-Mart Stores COM 931142103 162914 2906067 SH SOLE 1953911 953374 Walgreen COM 931422109 174865 7088148 SH SOLE 4805031 2284645 Washington Post - Class B COM 939640108 5726 14673 SH SOLE 14673 Whole Food Markets COM 966837106 24295 2573640 SH SOLE 2227817 347284 Willis Group Holdings Ltd COM g96655108 16656 669450 SH SOLE 665850 3600 XTO Energy Inc COM 98385x106 35411 1004011 SH SOLE 981102 23519 Young Broadcasting Inc Cl A COM 987434107 5 144865 SH SOLE 144865