Accenture PLC Takes Center Stage with 3.95% Portfolio Share

This article first appeared on GuruFocus.

Ruane Cunniff (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2025, providing insights into their investment moves during this period. Founded in 1969 by Bill Ruane and Rick Cunniff, the firm operates on the belief that investing in great businesses at reasonable prices can outperform the stock market. By conducting exhaustive primary research and adhering to their principles, Ruane Cunniff (Trades, Portfolio) has built an enviable track record. William Ruane, a Graham-and-Doddsville superinvestor, was recognized by Warren Buffett (Trades, Portfolio) and was a student of Benjamin Graham. The firm focuses on owning quality businesses run by quality people, aiming for long-term growth and higher returns than the S&P 500 Index with less fundamental risk.

Ruane Cunniff (Trades, Portfolio) added a total of 4 stocks, among them:

• The most significant addition was Accenture PLC (NYSE:ACN), with 943,420 shares, accounting for 3.95% of the portfolio and a total value of $253.12 million.

• The second largest addition to the portfolio was Align Technology Inc (NASDAQ:ALGN), consisting of 1,222,534 shares, representing approximately 2.98% of the portfolio, with a total value of $190.90 million.

• The third largest addition was Invesco S&P 500 Equal Weight Communication Services ETF (RSPC), with 11,029 shares, accounting for 0.01% of the portfolio and a total value of $439,320.

Ruane Cunniff (Trades, Portfolio) also increased stakes in a total of 6 stocks, among them:

• The most notable increase was MSA Safety Inc (NYSE:MSA), with an additional 106,349 shares, bringing the total to 1,811,635 shares. This adjustment represents a significant 6.24% increase in share count, a 0.27% impact on the current portfolio, with a total value of $290.12 million.

• The second largest increase was GCI Liberty Inc (NASDAQ:GLIBK), with an additional 164,401 shares, bringing the total to 539,071. This adjustment represents a significant 43.88% increase in share count, with a total value of $20.06 million.

Ruane Cunniff (Trades, Portfolio) completely exited 3 holdings in the fourth quarter of 2025, as detailed below:

Ruane Cunniff (Trades, Portfolio) also reduced positions in 25 stocks. The most significant changes include:

• Reduced Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) by 460,000 shares, resulting in a -24.45% decrease in shares and a -2.13% impact on the portfolio. The stock traded at an average price of $293.5 during the quarter and has returned 26.99% over the past 3 months and 21.13% year-to-date.

• Reduced Charles Schwab Corp (NYSE:SCHW) by 720,613 shares, resulting in a -11.41% reduction in shares and a -1.14% impact on the portfolio. The stock traded at an average price of $94.91 during the quarter and has returned -2.42% over the past 3 months and -4.83% year-to-date.

At the fourth quarter of 2025, Ruane Cunniff (Trades, Portfolio)’s portfolio included 48 stocks. The top holdings included 10.63% in Alphabet Inc (NASDAQ:GOOGL), 8.73% in Charles Schwab Corp (NYSE:SCHW), 8.45% in Liberty Media Corp (NASDAQ:FWONK), 7.83% in Capital One Financial Corp (NYSE:COF), and 7.79% in Elevance Health Inc (NYSE:ELV).

The holdings are mainly concentrated in 6 of the 11 industries: Communication Services, Financial Services, Healthcare, Technology, Industrials, and Consumer Cyclical.