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, 2007 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 05/15/2007 _______________________ _____________________ _________ [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: 224 Form 13F Information Table Value Total: $12,466,759 [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 210 2750 SH SOLE 2750 AT&T Inc COM 00206r102 214 5419 SH SOLE 5419 Aaron Rents Inc COM 002535201 32501 1229237 SH SOLE 1123600 105637 Aaron Rents Inc - Cl A COM 002535300 1475 61699 SH SOLE 48800 12899 Accredited Home Lenders Holdin COM 00437p107 16617 1792603 SH SOLE 1632743 159860 Alliance Data Sys Corp COM 018581108 3081 50000 SH SOLE 50000 Allstate COM 020002101 591 9840 SH SOLE 9840 Altria Group Inc COM 02209S103 26749 304628 SH SOLE 200000 104628 Amazon.Com Inc COM 023135106 3979 100000 SH SOLE 100000 American Express COM 025816109 147116 2608446 SH SOLE 1496288 1112158 American Internat'l Group COM 026874107 79435 1181720 SH SOLE 724695 457025 Ameriprise Finl Inc COM 03076c106 302 5288 SH SOLE 5288 Amgen COM 031162100 540 9670 SH SOLE 9670 Anglo American PLC ADR COM 03485p102 214 8084 SH SOLE 8084 Anheuser Busch COM 035229103 8001 158560 SH SOLE 158560 Aon Corp. COM 037389103 14426 380025 SH SOLE 361400 18625 Apache Corp COM 037411105 294 4156 SH SOLE 4156 Apollo Group Inc Cl A COM 037604105 109459 2493373 SH SOLE 1309968 1183405 Apple Computer COM 037833100 311 3350 SH SOLE 3350 Applied Materials COM 038222105 547 29832 SH SOLE 29832 Aptargroup COM 038336103 462 6900 SH SOLE 6900 Aracruz Cellulose SA Spon ADR COM 038496204 11559 220300 SH SOLE 200000 20300 Arctic Cat Inc COM 039670104 226 11600 SH SOLE 2000 9600 Automatic Data Processing COM 053015103 278 5744 SH SOLE 5744 Avid Technology Inc COM 05367p100 896 25700 SH SOLE 14550 11150 Axis Capital Holdings Ltd COM g0692u109 39454 1165200 SH SOLE 1156600 8600 BB&T Corp COM 054937107 4241 103396 SH SOLE 103396 BP Amoco PLC ADR COM 055622104 1432 22122 SH SOLE 22122 Bank of America Corp COM 060505104 5245 102804 SH SOLE 1704 101100 Bank of New York COM 064057102 312 7686 SH SOLE 7686 Bank of the Ozarks Inc COM 063904106 18926 658977 SH SOLE 616400 42577 Bankatlantic Corp Inc Cl A COM 065908501 10918 996165 SH SOLE 996000 165 Bear Stearns Companies COM 073902108 70949 471892 SH SOLE 435100 36792 Beazer Homes USA Inc COM 07556q105 871 30000 SH SOLE 30000 Bed Bath & Beyond Inc COM 075896100 707907 17622772 SH SOLE 9056845 8565927 Berkshire Hathaway - Cl A COM 084670108 2878644 26412 SH SOLE 15092 11320 Berkshire Hathaway - Cl B COM 084670207 206963 56858 SH SOLE 9003 47855 Blackrock Inc Cl A COM 09247x101 291 1859 SH SOLE 1859 Bristol-Myers Squibb COM 110122108 392 14120 SH SOLE 14120 Brookfield Asset Mgt Inc Cl A COM 112585104 41202 787575 SH SOLE 750000 37575 Brown & Brown Inc. COM 115236101 319046 11794682 SH SOLE 6857871 4936811 C H Robinson Worldwide Inc COM 12541w100 3095 64822 SH SOLE 56000 8822 CBS Corp New Cl B COM 124857202 453 14812 SH SOLE 14812 CSK Auto COM 125965103 843 48992 SH SOLE 48992 CVS Corp. COM 126650100 3780 126544 SH SOLE 15544 111000 Capital One Financial COM 14040H105 57851 766646 SH SOLE 705000 61646 Cascade Bancorp COM 147154108 324 12500 SH SOLE 12500 Central Securities Corp COM 155123102 354 13175 SH SOLE 13175 ChevronTexaco Corp COM 166764100 618 8356 SH SOLE 8356 Chubb COM 171232101 611 11824 SH SOLE 11824 Citigroup Inc COM 172967101 16711 325502 SH SOLE 17986 307516 City National Corp. COM 178566105 736 10000 SH SOLE 10000 Coca Cola Co. COM 191216100 20117 419113 SH SOLE 51980 367133 Comcast Corp. Spl Cl A COM 20030n200 214 8391 SH SOLE 8391 Comerica COM 200340107 605 10234 SH SOLE 10234 Commerce Bancorp Inc/NJ COM 200519106 95277 2854315 SH SOLE 2650350 203965 Concur Technologies Inc COM 206708109 35002 2004695 SH SOLE 1886000 118695 ConocoPhillips COM 20825c104 556 8128 SH SOLE 348 7780 Constellation Brands Inc Cl A COM 21036p108 2118 100000 SH SOLE 100000 Contango Oil & Gas Co COM 21075n204 10110 460600 SH SOLE 459800 800 Costco Wholesale Corp COM 22160k105 44564 827708 SH SOLE 241652 586056 Countrywide Financial Corp COM 222372104 25555 759658 SH SOLE 635000 124658 Cousins Properties Inc. COM 222795106 658 20025 SH SOLE 20025 Cresud SACIFYA Spon ADR Repstg COM 226406106 6159 300000 SH SOLE 300000 D R Horton Inc COM 23331a109 2701 122783 SH SOLE 122783 Daimler-Chrysler AG COM d1668r123 612 7478 SH SOLE 300 7178 Danaher Corp. COM 235851102 60854 851703 SH SOLE 496888 354815 Dell Inc COM 24702r101 5811 250363 SH SOLE 43300 207063 Direct General Corp COM 25456w204 223 10500 SH SOLE 10500 Disney Walt COM 254687106 3159 91740 SH SOLE 91740 Dow Chemical COM 260543103 841 18341 SH SOLE 18341 Drew Industries Inc COM 26168l205 4067 141801 SH SOLE 141801 Du Pont E I De Nemours & Co. COM 263534109 206 4163 SH SOLE 4163 Ebay Inc COM 278642103 306 9234 SH SOLE 9234 Echostar Communications Corp N COM 278762109 59440 1368647 SH SOLE 1275512 93135 El Paso Corporation COM 28336l109 151 10431 SH SOLE 10431 Emerson Electric COM 291011104 254 5900 SH SOLE 5900 Energizer Holdings Inc COM 29266r108 257 3011 SH SOLE 3011 Expeditors Int'l of Wash. Inc. COM 302130109 506653 12261691 SH SOLE 5713790 6547901 Exxon Mobil Corp COM 30131g103 7035 93246 SH SOLE 93246 Fannie Mae COM 313586109 543 9945 SH SOLE 9945 Fastenal Co COM 311900104 444739 12688709 SH SOLE 6909372 5779337 Fifth Third Bancorp COM 316773100 6613 170933 SH SOLE 170933 Finishmaster Inc COM 31787p108 9673 375632 SH SOLE 375032 600 First Natl Bank Alaska COM 32112j106 2169 1004 SH SOLE 1004 Franklin Electric COM 353514102 5371 115515 SH SOLE 115515 Fremont General Corp COM 357288109 6475 934344 SH SOLE 858000 76344 Genentech Inc COM 368710406 205 2500 SH SOLE 2500 General Electric COM 369604103 5507 155728 SH SOLE 155728 General Growth Properties Inc COM 370021107 416 6450 SH SOLE 6450 General Motors COM 370442105 1460 47637 SH SOLE 300 47337 Genzyme COM 372917104 204 3400 SH SOLE 3400 GlaxoSmithkline PLC Spon ADR COM 37733w105 232 4202 SH SOLE 4202 Guitar Center Inc COM 402040109 39910 884538 SH SOLE 210191 674347 HDFC Bank Ltd ADR Repstg 3 Shs COM 40415f101 28161 436943 SH SOLE 350000 86943 HSBC Holdings PLC COM 404280406 1464 16676 SH SOLE 16676 Harley Davidson COM 412822108 228 3875 SH SOLE 3875 Hartford Financial Services Gr COM 416515104 385 4033 SH SOLE 4033 Health Management Associates I COM 421933102 414 38130 SH SOLE 38130 Heartland Express COM 422347104 1605 101057 SH SOLE 101057 Hershey Foods COM 427866108 268 4900 SH SOLE 4900 Highwoods Properties Inc COM 431284108 752 19050 SH SOLE 19050 Home Depot COM 437076102 4853 132085 SH SOLE 80000 52085 Hugoton Royalty Tr Texas Unit COM 444717102 340 13500 SH SOLE 12294 1206 IAC Interactivecorp COM 44919p300 384 10175 SH SOLE 10000 175 IBM COM 459200101 5954 63171 SH SOLE 63171 Idex Corp COM 45167R104 386 7578 SH SOLE 7578 Idexx Laboratories Corp. COM 45168D104 403728 4607190 SH SOLE 2523019 2084171 Illinois Tool Works COM 452308109 2423 46959 SH SOLE 11800 35159 Intel Corp COM 458140100 855 44700 SH SOLE 44700 International Speedway Corp Cl COM 460335201 289 5582 SH SOLE 5582 International Speedway Corp Cl COM 460335300 553 10820 SH SOLE 10820 Intl Game Technology COM 459902102 303 7511 SH SOLE 7511 Investors Financial Svcs Corp COM 461915100 35014 602124 SH SOLE 569200 32924 JC Penney COM 708160106 13206 160734 SH SOLE 18265 142469 JP Morgan Chase & Co. COM 46625h100 1977 40865 SH SOLE 751 40114 Jacobs Engineering Group Inc COM 469814107 3425 73414 SH SOLE 73414 Johnson & Johnson COM 478160104 4532 75205 SH SOLE 75205 Kimberly Clark COM 494368103 307 4488 SH SOLE 4488 Knight Transportation COM 499064103 250122 14036027 SH SOLE 7144659 6891368 Laboratory Corp Amer Hldgs COM 50540r409 285 3919 SH SOLE 3919 Laureate Education Inc COM 518613104 47812 810782 SH SOLE 715000 95782 Legg Mason COM 524901105 19584 207881 SH SOLE 202000 5881 Lennar Corp COM 526057104 22414 531017 SH SOLE 408500 122517 Lennar Corp Cl B COM 526057302 376 9541 SH SOLE 7400 2141 Leucadia Nat'l COM 527288104 724 24600 SH SOLE 24600 Lilly Eli & Co. COM 532457108 315 5856 SH SOLE 5856 Liz Claiborne COM 539320101 223 5200 SH SOLE 5200 Loews COM 540424108 600 13200 SH SOLE 13200 Lowe's Companies COM 548661107 198635 6307890 SH SOLE 3247344 3060546 M & T Bank Corp COM 570437103 704 6075 SH SOLE 6075 MFS Intermediate COM 55273C107 97 15500 SH SOLE 15500 Marathon Oil Corp COM 565849106 230 2325 SH SOLE 2325 Markel Corp COM 570535104 348 718 SH SOLE 718 Marsh & McLennan Companies COM 571748102 322 11000 SH SOLE 5000 6000 Marshall & Ilsley Corp COM 571834100 326 7049 SH SOLE 7049 Mastercard Inc COM 57636q104 223502 2103745 SH SOLE 1626378 477367 McDonalds COM 580135101 3635 80693 SH SOLE 80693 McGraw Hill COM 580645109 663 10540 SH SOLE 10000 540 Medco Health Solutions Inc. COM 58405u102 220 3031 SH SOLE 3031 Merck & Co. COM 589331107 2197 49733 SH SOLE 49733 Merrill Lynch & Co COM 590188108 617 7550 SH SOLE 7550 Mettler-Toledo Intl Inc COM 592688105 412 4600 SH SOLE 4600 Microsoft COM 594918104 3690 132394 SH SOLE 132394 Midland Co COM 597486109 2923 68907 SH SOLE 68907 Millipore Corp COM 601073109 495 6824 SH SOLE 6824 Mohawk Industries COM 608190104 1035158 12616183 SH SOLE 7156469 5459714 Moody's Corp COM 615369105 403 6488 SH SOLE 6488 Morgan Stanley COM 617446448 2321 29470 SH SOLE 1060 28410 Nelnet Inc Cl A COM 64031n108 6256 261000 SH SOLE 261000 Netflix Com Inc COM 64110l106 6609 285000 SH SOLE 285000 Nokia Corp-Sponsored ADR Repst COM 654902204 666 29055 SH SOLE 29055 Nuveen Investments Inc COM 67090f106 310 6563 SH SOLE 6563 O Reilly Automotive Inc COM 686091109 148294 4480170 SH SOLE 3378854 1101316 Oracle Corp. COM 68389X105 218 12000 SH SOLE 12000 PNC Bank - Formerly PNC Financ COM 693475105 206 2857 SH SOLE 2857 Paccar Inc. COM 693718108 50633 689829 SH SOLE 105090 584739 Pampa Hldgs SA Spon GDR Reg S COM 697660207 9430 500000 SH SOLE 500000 Patterson Companies Inc COM 703395103 10170 286559 SH SOLE 120075 166484 Pennsylvania Commerce COM 708677109 6622 232500 SH SOLE 232500 PepsiCo COM 713448108 12190 191785 SH SOLE 191785 Petroleo Brasileiro SA Petrobr COM 71654v408 13135 132000 SH SOLE 132000 Petsmart Inc COM 716768106 925 28064 SH SOLE 28064 Pfizer COM 717081103 2098 83038 SH SOLE 83038 Pool Corporation COM 73278l105 14437 403277 SH SOLE 68510 334767 Posco Sponsored ADR COM 693483109 11349 109177 SH SOLE 103040 6137 Price T Rowe Group Inc COM 74144t108 234 4960 SH SOLE 4960 Procter & Gamble COM 742718109 12324 195120 SH SOLE 195120 Progressive Corp. Ohio COM 743315103 1444120 66183309 SH SOLE 34649527 31533782 Pulte Homes Inc COM 745867101 291 11000 SH SOLE 10000 1000 Quicksilver Resources Inc COM 74837r104 20382 512500 SH SOLE 505000 7500 Robert Half Internat'l COM 770323103 370 10000 SH SOLE 10000 Roper Industries Inc New COM 776696106 5851 106623 SH SOLE 100000 6623 Royal Dutch Shell PLC Spon ADR COM 780259206 1982 29897 SH SOLE 29897 Royal Dutch Shell PLC Spon ADR COM 780259107 248 3717 SH SOLE 3717 Royal Palm Beach Col COM 780908208 11 14000 SH SOLE 14000 Ryland Group COM 783764103 4641 110000 SH SOLE 100000 10000 SEI Investments Co COM 784117103 482 8000 SH SOLE 8000 SLM Corporation COM 78442p106 6135 150000 SH SOLE 150000 Sarbit Asset Management Inc (R COM 803993906 561 70000 SH SOLE 70000 Schlumberger Ltd COM 806857108 521 7540 SH SOLE 7540 Sears Holding Corp COM 812350106 1027 5698 SH SOLE 5698 Sherwin Williams Co. COM 824348106 422 6396 SH SOLE 6396 Signature Bank COM 82669g104 21335 655659 SH SOLE 655559 100 Simpson Manufacturing Co Inc. COM 829073105 308 10000 SH SOLE 10000 Sina Corporation COM g81477104 6722 200000 SH SOLE 200000 Smithfield Foods Inc. COM 832248108 2667 89039 SH SOLE 89039 Sohu.com Inc COM 83408w103 2143 100000 SH SOLE 100000 Southwestern Energy Co COM 845467109 36778 897457 SH SOLE 860000 37457 Standard Pacific - New COM 85375C101 835 40000 SH SOLE 40000 State Street Corp COM 857477103 682 10530 SH SOLE 10000 530 Stericycle Inc. COM 858912108 342 4200 SH SOLE 4200 Sturm Ruger & Co. COM 864159108 1813 134791 SH SOLE 134791 Suntrust Banks COM 867914103 3237 38985 SH SOLE 38985 Synovus Financial Corp COM 87161c105 1316 40706 SH SOLE 40706 TCF Financial Corp. COM 872275102 1535 58227 SH SOLE 58227 TJX Cos - New COM 872540109 673575 24984241 SH SOLE 13500993 11483248 Target Corp COM 87612e106 470054 7932069 SH SOLE 4028027 3904042 Thor Industries Inc COM 885160101 2622 66569 SH SOLE 66569 Tiffany & Co COM 886547108 4253 93509 SH SOLE 93509 Tom Online Inc Spon ADR COM 889728200 9772 688172 SH SOLE 683972 4200 Tyco Intl. Ltd. COM 902124106 246 7785 SH SOLE 7785 U.S. Bancorp New - Del. COM 902973304 632 18083 SH SOLE 18083 UCBH Holdings Inc COM 90262t308 559 30000 SH SOLE 30000 USA Mobility Inc COM 90341g103 2701 135500 SH SOLE 135000 500 Ultimate Software Group Inc COM 90385d107 7857 300000 SH SOLE 300000 United Auto Group Inc COM 909440109 8323 410000 SH SOLE 400000 10000 Vornado Realty Trust COM 929042109 425 3564 SH SOLE 3564 Votorantim Cellulose E Papel S COM 92906p106 17943 980500 SH SOLE 979900 600 Vulcan Materials COM 929160109 268 2300 SH SOLE 1200 1100 WPP Group PLC New Amer Dep Sha COM 929309409 259 3408 SH SOLE 3408 WR Berkley Corp COM 084423102 331 10000 SH SOLE 10000 Wachovia Corp. - New COM 929903102 1085 19714 SH SOLE 19714 Wal-Mart Stores COM 931142103 334093 7115927 SH SOLE 3895567 3220360 Walgreen COM 931422109 318471 6939884 SH SOLE 3774145 3165739 Washington Post - Class B COM 939640108 19291 25267 SH SOLE 25267 Wellpoint Inc COM 94973V107 31796 392064 SH SOLE 365000 27064 Wells Fargo & Co. 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