# Ruane Cunniff L.P.

> Ruane Cunniff L.P. is an SEC-registered investment advisory firm in New York, NY, registered since 2017, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 285971
- Filed as: RUANE CUNNIFF L.P.
- Legal name: Ruane, Cunniff & Goldfarb L.P.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/285971
- AdvisorCensus page: https://advisorcensus.com/firm/ruane-cunniff-l-p-new-york-ny-285971

## Quick answers

**How is Ruane Cunniff L.P. compensated?**
On its Form ADV (Item 5.E, October 2026), Ruane Cunniff L.P. reports these compensation arrangements: a percentage of assets under its management.

**Where is Ruane Cunniff L.P. located?**
Ruane Cunniff L.P.'s principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Ruane Cunniff L.P. registered with the SEC or a state?**
Ruane Cunniff L.P. is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 285971.

**How much does Ruane Cunniff L.P. manage?**
Ruane Cunniff L.P. reports $10,525,505,890 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Ruane Cunniff L.P.'s assets and staff changed since 2021?**
In the Form ADV data for Ruane Cunniff L.P.: Regulatory assets under management: $12,727,011,262 in the October 2021 data and $10,525,505,890 in the October 2026 data, down 17%. Total employees: 65 in October 2021 and 52 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Ruane Cunniff L.P. serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (1,138); corporations or other businesses not listed above (32); charitable organizations (31).

**Which custodians does Ruane Cunniff L.P. use?**
Ruane Cunniff L.P.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon Capital Markets, LLC and Pershing LLC as custodians holding 10% or more of its separately managed account assets.

**Does Ruane Cunniff L.P. report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/285971

**What changed in Ruane Cunniff L.P.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 14 to 12. Regulatory assets under management went from $9,356,108,349 to $10,525,505,890 (+12%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon Capital Markets, LLC
- Pershing LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $10,525,505,890
- Discretionary: $10,525,505,890
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 1,138 | $3,932,456,089 |
| Investment companies | 1 | $3,788,837,987 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 11 | $1,816,729,758 |
| Charitable organizations | 31 | $728,647,262 |
| Corporations or other businesses not listed above | 32 | $258,834,794 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2017 (8 years)
- Employees: 52 total, 12 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Chicago, IL

### Websites listed on Form ADV (Item 1.I)
- ruanecunniff.com
- sequoiafund.com
- LinkedIn @RUANE-CUNNIFF

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $12,727,011,262 | 65 | March 18, 2021 |
| October 2022 | $14,589,975,533 | 63 | March 30, 2022 |
| October 2023 | $8,824,211,188 | 62 | March 31, 2023 |
| October 2024 | $9,650,361,013 | 57 | March 27, 2024 |
| October 2025 | $9,356,108,349 | 54 | March 31, 2025 |
| October 2026 | $10,525,505,890 | 52 | March 31, 2026 |

Regulatory assets under management: $12,727,011,262 in the October 2021 data and $10,525,505,890 in the October 2026 data, down 17%.
Total employees: 65 in October 2021 and 52 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 14 to 12.
- Regulatory assets under management went from $9,356,108,349 to $10,525,505,890 (+12%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Ruane Cunniff L.P. (CRD 285971): Form ADV filing data as of October 2026.