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: September 30, 2011 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 11/14/2011 _______________________ _____________________ _________ [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: 130 Form 13F Information Table Value Total: $9,735,890 [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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Advance Auto Parts COM 00751y106 418123 7196611 SH SOLE 4633010 2563601 Akamai Technologies COM 00971t101 3976 200000 SH SOLE 200000 Altria Group Inc COM 02209S103 2510 93624 SH SOLE 93624 American Express COM 025816109 62196 1385221 SH SOLE 579701 805520 American Public Ed Inc COM 02913V103 2803 82445 SH SOLE 80000 2445 Aon Corp. COM 037389103 17933 427170 SH SOLE 425000 2170 Apple Computer COM 037833100 595 1560 SH SOLE 1560 Applied Materials COM 038222105 184 17800 SH SOLE 17800 Arch Capital Group Ltd COM g0450a105 34818 1065582 SH SOLE 1004350 61232 Automatic Data Processing COM 053015103 219 4651 SH SOLE 4651 BP Amoco PLC ADR COM 055622104 213 5896 SH SOLE 5896 Bank of America Corp COM 060505104 76 12383 SH SOLE 12383 Becton Dickinson & Co. COM 075887109 103561 1412450 SH SOLE 915202 497248 Bed Bath & Beyond Inc COM 075896100 428 7475 SH SOLE 7475 Beltline Marsh LTD COM 080lp0372 62 62000 SH SOLE 62000 Berkshire Hathaway - Cl A COM 084670108 1063514 9958 SH SOLE 6657 3301 Berkshire Hathaway - Cl B COM 084670702 200978 2829081 SH SOLE 1289731 1539350 Blue Earth Refineries COM G11999102 5 15000 SH SOLE 15000 Brown & Brown Inc. COM 115236101 54620 3068530 SH SOLE 2198940 869590 C H Robinson Worldwide Inc COM 12541w209 258 3770 SH SOLE 3770 CVS Corp. COM 126650100 15829 471250 SH SOLE 418000 53250 Capella Education Co. COM 139594105 1621 57110 SH SOLE 55240 1870 Caterpillar COM 149123101 5512 74643 SH SOLE 74643 Chesapeake Energy Corp COM 165167107 66652 2608685 SH SOLE 2600500 8185 ChevronTexaco Corp COM 166764100 512 5529 SH SOLE 1232 4297 City National Corp. COM 178566105 378 10000 SH SOLE 10000 Coca Cola Co. COM 191216100 27090 400980 SH SOLE 65980 335000 Comcast Corp. Spl Cl A COM 20030n200 455 21948 SH SOLE 21948 Concur Technologies Inc COM 206708109 34381 923471 SH SOLE 906800 16671 Corning COM 219350105 105850 8563937 SH SOLE 5552857 3011080 Costco Wholesale Corp COM 22160k105 62815 764918 SH SOLE 332539 432379 Cousins Properties Inc. COM 222795106 75 12826 SH SOLE 12826 Cresud SACIFYA Spon ADR Repstg COM 226406106 6549 605247 SH SOLE 605247 Danaher Corp. COM 235851102 62254 1484352 SH SOLE 970229 514123 DirectTV Class A COM 25490a101 1254 29655 SH SOLE 14325 15330 Disney Walt COM 254687106 1594 52865 SH SOLE 52865 EOG Resources Inc. COM 26875p101 28404 400000 SH SOLE 400000 Ebay Inc COM 278642103 645 21875 SH SOLE 21500 375 El Paso Corporation COM 28336l109 177 10131 SH SOLE 10131 Emcor Group Inc COM 29084q100 42661 2098423 SH SOLE 1398104 700319 Energizer Holdings Inc COM 29266r108 200 3011 SH SOLE 218 2793 Everest Re Group Ltd COM G3223R108 8256 104000 SH SOLE 104000 Expeditors Int'l of Wash. Inc. COM 302130109 16992 419045 SH SOLE 256500 162545 Exxon Mobil Corp COM 30231g103 11322 155889 SH SOLE 26240 129649 Fastenal Co COM 311900104 753322 22635889 SH SOLE 14387453 8248436 Fifth Third Bancorp COM 316773100 1275 126244 SH SOLE 126244 First Solar Inc COM 336433107 62001 980875 SH SOLE 646651 334224 General Electric COM 369604103 4712 309590 SH SOLE 75004 234586 Goldman Sachs Group Inc COM 38141g104 134652 1424137 SH SOLE 879575 544562 Google Inc Cl A COM 38259p508 376372 731700 SH SOLE 568935 162765 Greenlight Capital Re Ltd Cl A COM G4095J109 9162 441764 SH SOLE 441764 HDFC Bank Ltd ADR Repstg 3 Shs COM 40415f101 410 14051 SH SOLE 4000 10051 Heartland Express COM 422347104 1370 101057 SH SOLE 101057 Highwoods Properties Inc COM 431284108 468 16550 SH SOLE 16550 Home Depot COM 437076102 1339 40744 SH SOLE 40744 IAC Interactivecorp COM 44919p300 3955 100000 SH SOLE 100000 IBM COM 459200101 257187 1470732 SH SOLE 968719 502013 II VI Inc. COM 902104108 12141 693785 SH SOLE 693785 Idex Corp COM 45167R104 275 8822 SH SOLE 8822 Idexx Laboratories Corp. COM 45168D104 423867 6145669 SH SOLE 4068609 2077060 Intel Corp COM 458140100 368 17242 SH SOLE 13400 3842 JP Morgan Chase & Co. COM 46625h100 645 21421 SH SOLE 21421 Johnson & Johnson COM 478160104 1222 19192 SH SOLE 2 19190 Kraft Foods Inc Cl A COM 50075n104 2245 66853 SH SOLE 66853 Lennox International Inc. COM 526107107 849 32916 SH SOLE 1745 31171 Leucadia Nat'l COM 527288104 385 16967 SH SOLE 16967 Linear Technology Group COM 535678106 7429 268689 SH SOLE 156726 111963 Lockheed Martin Corp. COM 539830109 312 4300 SH SOLE 4300 Loews COM 540424108 207 6000 SH SOLE 6000 Manpower COM 56418H100 20333 604780 SH SOLE 600000 4780 Mastercard Inc COM 57636q104 177298 559018 SH SOLE 334441 224577 McDonalds COM 580135101 6637 75570 SH SOLE 12144 63426 McGraw Hill COM 580645109 16639 405840 SH SOLE 400800 5040 Medco Health Solutions Inc. COM 58405u102 3119 66511 SH SOLE 30522 35989 Merck & Co. COM 58933y105 580 17747 SH SOLE 17747 Mettler-Toledo Intl Inc COM 592688105 9694 69260 SH SOLE 50198 19062 Microsoft COM 594918104 1598 64194 SH SOLE 22619 41575 Mohawk Industries COM 608190104 351701 8196244 SH SOLE 5596296 2599948 Move Inc. COM 62458m108 1445 996450 SH SOLE 966890 29560 Nokia Corp-Sponsored ADR Repst COM 654902204 76 13345 SH SOLE 11500 1845 O Reilly Automotive Inc COM 67103h107 228378 3427556 SH SOLE 2780798 646758 Omnicom Group COM 681919106 109437 2970600 SH SOLE 1948578 1022022 Pampa Hldgs SA Spon GDR Reg S COM 697660207 7019 607680 SH SOLE 600000 7680 PepsiCo COM 713448108 4003 64669 SH SOLE 2000 62669 Perrigo Co COM 714290103 168510 1735245 SH SOLE 1074757 660488 Pfizer COM 717081103 277 15640 SH SOLE 6000 9640 Philip Morris Intl Inc. COM 718172109 6568 105285 SH SOLE 105285 Praxair COM 74005P104 125913 1346949 SH SOLE 866309 480640 Precision Castparts Corp COM 740189105 478727 3079424 SH SOLE 1974659 1104765 Primerica Inc COM 74164M108 80258 3722525 SH SOLE 3704000 18525 Procter & Gamble COM 742718109 10233 161966 SH SOLE 10300 151666 Progressive Corp. Ohio COM 743315103 2668 150205 SH SOLE 8169 142036 Quicksilver Resources Inc COM 74837r104 8929 1178000 SH SOLE 1178000 Range Resources Corp COM 75281a109 97200 1662680 SH SOLE 1660000 2680 Republic Services Inc Cl A COM 760759100 601 21413 SH SOLE 714 20699 Resource America Inc Cl A COM 761195205 3590 796000 SH SOLE 796000 Ritchie Bros Auctioneers Inc COM 767744105 96241 4766786 SH SOLE 3105131 1661655 Roper Industries Inc New COM 776696106 297 4315 SH SOLE 4315 Royal Dutch Shell PLC Spon ADR COM 780259206 2214 35987 SH SOLE 35987 SEI Investments Co COM 784117103 461 30000 SH SOLE 20000 10000 Shengkai Innovations Inc COM 82321p104 1394 1512275 SH SOLE 1512275 Sherwin Williams Co. COM 824348106 387 5201 SH SOLE 5201 Simpson Manufacturing Co Inc. COM 829073105 249 10000 SH SOLE 10000 Sirona Dental Systems Inc COM 82966c103 2613 61605 SH SOLE 60000 1605 Stericycle Inc. COM 858912108 242 3000 SH SOLE 3000 Suntrust Banks COM 867914103 570 31777 SH SOLE 31777 TJX Cos - New COM 872540109 968837 17465961 SH SOLE 10964442 6501519 Target Corp COM 87612e106 216608 4416962 SH SOLE 2858599 1558363 Trimble Navigation Ltd. COM 896239100 43852 1307062 SH SOLE 877621 429441 U.S. Bancorp New - Del. COM 902973304 809 34381 SH SOLE 34381 Ultimate Software Group Inc COM 90385d107 23267 498000 SH SOLE 498000 Ultra Petroleum Corp. COM 903914109 13914 501940 SH SOLE 500240 1700 Valeant Pharmaceuticals Intern COM 91911k102 1346749 36280949 SH SOLE 22884208 13396741 Vanceinfo Technologies Inc ADR COM 921564100 3365 500000 SH SOLE 500000 Verisk Analytics Class A COM 92345Y106 2447 70363 SH SOLE 21604 48759 Verizon Communications COM 077853109 324 8811 SH SOLE 8811 Visa Inc Class A COM 92826C839 108233 1262629 SH SOLE 773111 489518 WR Berkley Corp COM 084423102 23672 797305 SH SOLE 792000 5305 Wal-Mart Stores COM 931142103 177608 3422112 SH SOLE 2110560 1311552 Walgreen COM 931422109 1119 34035 SH SOLE 34035 Washington Post - Class B COM 939640108 1087 3323 SH SOLE 2000 1323 Waters Corp COM 941848103 68435 906550 SH SOLE 609383 297167 West Pharmaceutical Svcs Inc C COM 955306105 10102 272285 SH SOLE 186992 85293 Willis Group Holdings Public L COM g96666105 22134 644000 SH SOLE 640900 3100 World Fuel Services Corp COM 981475106 122811 3761454 SH SOLE 2495941 1265513 Yahoo Inc COM 984332106 6585 500000 SH SOLE 500000 Young Broadcasting Inc Cl A COM 987434107 0 144865 SH SOLE 144865 Yum Brands Inc. COM 988498101 221 4479 SH SOLE 800 3679 Canadian Natural Resources COM 136385101 22397 765181 SH SOLE 485576 279605 Ryanair Hldgs PLC Spon ADR COM 783513104 497 19283 SH SOLE 1554 17729