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Ruane Cunniff's Top New Buys of 3rd Quarter

Ruane Cunniff was founded by William Ruane. The Fund's investment objective is long-term growth of capital. In pursuing this objective the Fund focuses on investing in equity securities that it believes are undervalued at the time of purchase and have the potential for growth.

In total, the portfolio has a value of $19.485 billion and is composed of 149 stocks; nine stocks got new positions in the portfolio in the third quarter.

The fund's most noteworthy third-quarter new buy was its purchase of a 1,103,395-share stake in Allergan PLC ( AGN ) and paid an average price of $307.17 per share. The deal had a 1.54% impact on the portfolio, and the price dropped by 1%. Currently it is trading at $302.02.

Allergan has a market cap of $119.33 billion and an enterprise value of $161.82 billion. It operates in the Global Drug Manufacturers - Specialty & Generic industry. GuruFocus has given the stock a Financial Strength rating of 6/10 and a Profitability and Growth rating of 8/10.

The stock also has the following one-year growth rates: 33.10% for revenue, 40.70% for EBITDA and 67.40% for book value.

Paul Singer ( Trades , Portfolio ), Wallace Weitz (Trades, Portfolio), Jim Simons (Trades, Portfolio), First Pacific Advisors (Trades, Portfolio) and Kyle Bass (Trades, Portfolio) acquired a position in the company.

The fund also acquired 143,904 shares of Time Warner Cable Inc. ( TWC ) and paid an average price of $186.8 per share. The deal had a 0.13% impact on the portfolio and the price dropped by 4%. Currently it is trading at $178.81 per share.

Time Warner Cable has a market cap of $51 billion and an enterprise value of $73.09 billion. It operates in the Global Pay TV industry. GuruFocus has given the stock a Financial Strength rating of 6/10 and a Profitability and Growth rating of 8/10.

The stock also has the following one-year growth rates: 2.80% for revenue, 1.60% for EBITDA and 9.50% for book value.

Daniel Loeb (Trades, Portfolio), Chase Coleman (Trades, Portfolio) made Time Warner their new buy in this quarter.

The fund's third third-quarter new buy was its purchase of a 770,000-share stake in Vipshop Holdings Ltd. ( VIPS ). It paid an average price of $19.2 per share. The deal had a 0.07% impact on the portfolio, and the price dropped by 14%. Currently it is trading at $16.58 per share.

Vipshop has a market cap of $9.29 billion and an enterprise value of $9.51 billion. It operates in the Global Specialty Retail industry. GuruFocus has given the stock a Financial Strength rating of 8/10 and a Profitability and Growth rating of 4/10.

The stock also has the following one-year growth rates: 114.70%, 192.90% for EBITDA and 67.40% for book value.

Matthews China Fund (Trades, Portfolio) is another fund that gave Vipshop a new position.

The fund also bought 70,747 shares of Align Technology Inc. ( ALGN ) and paid an average price of $59.66 per share. The deal had a 0.02% impact on the portfolio and the price went up 9%. Currently it is trading at $65.04 per share.

Align has a market cap of $5.19 billion and an enterprise value of $4.8 billion. It operates in the Global Medical Devices industry. GuruFocus has given the stock a Financial Strength rating of 9/10 and a Profitability and Growth rating of 6/10.

The stock also has the following one-year growth rates: 10.90% for revenue and 11.80% for book value. EBITDA has a negative rate of 5.80%.

Other funds that made Align a new buy are RS Investment Management (Trades, Portfolio) and Ray Dalio (Trades, Portfolio). The stock also saw a huge increase of 516.73% by Steven Cohen (Trades, Portfolio).

The Fund also bought 365,337 shares in Jumei International Holding Ltd. ( JMEI ) and paid an average price of $14.64 per share. The deal had a 0.02% impact on the portfolio and the price dropped by 37%. Currently it is trading at $9.28 per share.

Jumei International has a market cap of $1.35 billion and an enterprise value of $950.88 million. It operates in the Global Specialty Retail industry. GuruFocus has given it a Financial Strength rating of 8/10 and a Profitability and Growth rating of 3/10.

The stock has the following one-year growth rates: 35.90% for revenue, 61.30%for EBITDA and 744.40% for book value.

Jim Simons (Trades, Portfolio) is another investor who made Jumei a new.

The fund also acquired 85,150 shares of Liberty Global PLC. (LILAK) and paid an average price of $40.05 per share. The deal had a 0.01% impact on the portfolio and the price dropped by 6%. Currently it is trading at $37.54 per share.

Liberty has a market cap of $33.23 billion and an enterprise value of $80.83 billion. It operates in the Global Pay TV industry. GuruFocus has given the stock a Financial Strength rating of 6/10 and a Profitability and Growth rating of 4/10.

The stock also has the following negative one-year growth rates: 9.90% for revenue, 16.60% for EBITDA and 0.10% for book value.

The stock also got new positions in the portfolios of Dodge & Cox, Paul Tudor Jones (Trades, Portfolio), Julian Robertson (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), George Soros (Trades, Portfolio), Murray Stahl (Trades, Portfolio) and Steven Cohen (Trades, Portfolio).

Another third-quarter new buy for the Fund was its purchase of a 10,277-share stake in Banco Santander SA. (SAN). It paid an average price of $6.39 per share and the price dropped by 23%. Currently it is trading at $4.89%.

Banco Santander has a market cap of $71.44 billion and an enterprise value of $29.54 billion. It operates in the Global Banks - Global industry. GuruFocus has given the stock a Financial Strength rating of 5/10 and a Profitability and Growth rating of 4/10.

The stock also has the following one-year growth rates: negative rates of 13.50% for revenue, 84.20% for EBITDA and a growth rate of 11.90% for book value.

The stock was traded by three other gurus. Murray Stahl (Trades, Portfolio) increased his stake by 3.73%, Ken Fisher by 5.71%, and David Dreman (Trades, Portfolio) decreased his by 70.30%.

The fund also bought 12,500 shares in Symetra Financial Corp. (SYA) and paid an average price of $28.61 per share. The price went up 11% and currently it is trading at $31.69 per share.

Symetra Financial has a market cap of $3.68 billion and an enterprise value of $4.16 billion. It operates in the Global Insurance - Life industry. GuruFocus has given it a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.

The stock has the following one-year growth rates: 2.60% for revenue and negative rates of 38.50% and 7.60% for EBITDA and book value.

Mario Gabelli (Trades, Portfolio) is other investor who made SYA as new buy but stock also faced a huge increase of 3071.82% by Paul Tudor Jones (Trades, Portfolio).

The fund also acquired 4,078 shares of Time Warner Inc. (TWX) and paid an average price of $78.55 per share. The price dropped by 18% and currently it is trading at $64.26 per shares.

Time Warner has a market cap of $52.27 billion and an enterprise value of $72.92 billion. It operates in the Global Media - Diversified industry. GuruFocus has given it a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.

The stock has the following one-year growth rates: 11.60% for revenue, 14.10% for EBITDA and a negative rate of 1.70% for book value.

RS Investment Management (Trades, Portfolio) and First Pacific Advisors (Trades, Portfolio) are other funds that made Time Warner a new buy while the stock saw huge increases of 6078.58% and 1012.57% by Joel Greenblatt (Trades, Portfolio) and Jim Simons (Trades, Portfolio).

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 .

This article first appeared on GuruFocus .

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


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

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