Sell-out Update from Ruane, Cunniff & Goldfarb

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Managed by Ruane, Cunniff & Goldfarb Inc., the Sequoia Fund's investment objective is long-term capital growth. To that end, the fund focuses on undervalued common stocks that have growth potential. The recently updated portfolio of Ruane, Cunniff & Goldfarb Inc. lists 143 stocks, five of them new, with a total value of $15.18 billion and a quarter-over-quarter turnover of 1%. The portfolio's top sectors are weighted as healthcare at 24.8%, consumer cyclical at 23.4% and financial services at 21.5%.

According to GuruFocus research, Ruane & Cunniff & Goldfarb sold out holdings in four companies in the first quarter of 2013. Here are the details of the sell-out trades, as of March 31, 2013.

Sold Out: EOG Resources ( EOG ) - Oil and Gas - E&P

Ruane, Cunniff & Goldfarb sold out its holding of 192,000 shares at an average price of $127.03 for a gain of 4.4%. The firm traded EOG for eight quarters of gains; the highest gain was 80.1% in the third quarter of 2009.

This trade impacts the portfolio by -0.17%.

The current share price is $132.61 compared to past valuations.



Sold Out: Alleghany Corp. DEL ( Y ) - Insurance - Reinsurance

Ruane, Cunniff & Goldfarb sold out its holding of 14,254 shares at an average price of $370.87 for a gain of 5.9%. The firm traded Y for two quarters of gains; the highest gain was 27.5% in the first quarter of 2012.

This trade impacts the portfolio by 0.04%.

The current share price is $392.58 compared to past valuations.



Sold Out: Wesco Aircraft Holdings Inc. ( WAIR ) - Industrial Distribution

Ruane, Cunniff & Goldfarb sold out its holding of 290,000 shares at an average price of $13.81 for a gain of 30.2%. The firm traded WAIR for three quarters of gains; the highest gain was the sell-out price in the first quarter of 2013.

This trade impacts the portfolio by -0.03%.

The current share price is $17.98 compared to past valuations.



Sold Out: Kroger Co. ( KR ) - Grocery Stores

Ruane, Cunniff & Goldfarb sold out its holding of 140,000 shares at an average price of $28.76 for a gain of 20.2%. The firm traded KR for three quarters of gains; the highest gain was 53.5% in the third quarter of 2012.

This trade impacts the portfolio by -0.03%.

The current share price is $34.58 compared to past valuations.



Ruane, Cunniff & Goldfarb Inc. and the Sequoia Fund, Inc. ( SEQUX ), a mutual fund, were founded by the late William Ruane, a Graham-and-Doddsville superinvestor recognized by Warren Buffett. The current investment committee is directed by Richard T. Cunniff. As long-term investors, Ruane, Cunniff & Goldfarb Inc. are also value investors focused on the intrinsic value of business. The company views common stocks as units of ownership in a business, purchasing the stocks when the price appears low in relation to the value of the total enterprise. Shunning technical stock market studies, the firm studies a company's balance sheet, earnings history, and prospects to determine its value.





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The GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing

Referenced Stocks: EOG , KR , SEQUX , WAIR , Y

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