The investment seeks long-term growth of capital. The fund invests primarily in a limited number of common stocks that it believes have attractive long-term economic prospects relative to their market price. It may also invest up to 15% of assets in foreign securities. The fund will usually invest cash reserves in U.S. government securities. It is nondiversified.
Fund filings (PDF) »

Asset managers:
David Poppe (Started: Nov 25, 2005)
Robert D. Goldfarb (Started: Jun 30, 1998)

Advisor Company:
Ruane, Cunniff & Goldfarb Inc
Fund family reports on Morningstar »

	1 year	3 years	5 years	10 years
Alpha*	-3.49	0.44	0.32	3.72
Beta*	0.94	0.90	0.80	0.59
Mean annual return	0.65	-0.19	0.19	0.43
R-squared*	80.69	88.73	71.15	43.26
Standard deviation	24.68	18.50	15.12	14.57
Sharpe ratio	0.31	-0.25	-0.05	0.15
* Against standard index

Risk measurement details »

Security	Net Assets
Berkshire Hathaway Inc. A (BRK.A)	20.54%
Idexx Laboratories (IDXX)	6.63%
TJX Companies (TJX)	6.12%
Martin Marietta Materials (MLM)	5.45%
Porsche Automobil Holding SE (PAH3)	4.58%
Fastenal Company (FAST)	4.55%
Mohawk Industries, Inc. (MHK)	3.74%
Rolls-Royce Group PLC (RR)	2.90%
Expeditors International of Washington, Inc. (EXPD)	2.63%
O'Reilly Automotive, Inc. (ORLY)	2.55%

Holdings Performance »