Ruane, Cunniff & Goldfarb - Sequoia Fund 13F Activity & Position Changes (Q1 2023)

As of Mar 31, 2023, the Sequoia Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2023. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2023, the filing reported:

New Buys - iShares Morningstar Small-Cap V, Atai Life Sciences

Increases - Amazon.com, Inc., Sendas Distribuidora S A, Builders FirstSource, Inc., Equitable Holdings, Inc., Lithia Motors, Inc., and 1 more

Reductions - Berkshire Hathaway Inc., Berkshire Hathaway Inc. New, Credit Acceptance Corporation, Capital One Financial Corporati, Elevance Health, Inc., and 16 more

Complete Exits - Angi Inc., iShares Core S&P 500 ETF, Opendoor Technologies Inc

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2023	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+180	+1.4%	$1.38M	13,320
Q1 2023	ANGI Angi Inc.	Angi Inc.	Sell - Position Exit	-32,383	-100.0%	$0.00	-
Q1 2023	ASAI Sendas Distribuidora S A	Sendas Distribuidora S A	Buy	+39,628	+39.2%	$2.17M	140,697
Q1 2023	BLDR Builders FirstSource, Inc.	Builders FirstSource, Inc.	Buy	+4,973	+11.1%	$4.44M	49,975
Q1 2023	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-6	-3.2%	$84.74M	182
Q1 2023	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-18,177	-3.6%	$151.61M	491,015
Q1 2023	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Sell	-17,239	-2.2%	$340.76M	781,492
Q1 2023	COF Capital One Financial Corporati	Capital One Financial Corporati	Sell	-53,978	-2.0%	$259.00M	2,693,378
Q1 2023	ELV Elevance Health, Inc.	Elevance Health, Inc.	Sell	-19,399	-2.3%	$371.12M	807,124
Q1 2023	EQH Equitable Holdings, Inc.	Equitable Holdings, Inc.	Buy	+7,224	+21.3%	$1.05M	41,196
Q1 2023	FWONK Liberty Media Corporation - Ser	Liberty Media Corporation - Ser	Sell	-1,586,341	-18.1%	$538.63M	7,198,040
Q1 2023	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-112,080	-5.2%	$212.15M	2,039,908
Q1 2023	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-32,105	-0.9%	$368.21M	3,549,653
Q1 2023	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Sell	-152,763	-2.5%	$631.92M	6,059,276
Q1 2023	ISCV iShares Morningstar Small-Cap V	iShares Morningstar Small-Cap V	Buy - Position Entry	+6,380	-	$332.83K	6,380
Q1 2023	IVV iShares Core S&P 500 ETF	iShares Core S&P 500 ETF	Sell - Position Exit	-2,460	-100.0%	$0.00	-
Q1 2023	J Jacobs Solutions Inc.	Jacobs Solutions Inc.	Sell	-56,333	-2.1%	$310.32M	2,640,784
Q1 2023	KMX CarMax Inc	CarMax Inc	Sell	-138,257	-2.2%	$394.24M	6,133,144
Q1 2023	LAD Lithia Motors, Inc.	Lithia Motors, Inc.	Buy	+97	+4.7%	$494.03K	2,158
Q1 2023	LBRDA Liberty Broadband Corporation	Liberty Broadband Corporation	Sell	-14,062	-1.7%	$67.47M	821,578
Q1 2023	LBRDK Liberty Broadband Corporation	Liberty Broadband Corporation	Sell	-47,954	-2.1%	$186.81M	2,286,475
Q1 2023	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-1,688,031	-57.0%	$270.37M	1,275,689
Q1 2023	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Sell	-43	-0.4%	$1.08M	10,790
Q1 2023	MU Micron Technology, Inc.	Micron Technology, Inc.	Sell	-101,441	-2.1%	$281.43M	4,664,011
Q1 2023	N0731H103 Atai Life Sciences	Atai Life Sciences	Buy - Position Entry	+42,112	-	$76.22K	42,112
Q1 2023	NFLX Netflix, Inc.	Netflix, Inc.	Sell	-12,765	-2.0%	$212.99M	616,494
Q1 2023	OPEN Opendoor Technologies Inc	Opendoor Technologies Inc	Sell - Position Exit	-17,500	-100.0%	$0.00	-
Q1 2023	RMNI Rimini Street, Inc.	Rimini Street, Inc.	Sell	-5,505	-18.1%	$102.72K	24,933
Q1 2023	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Sell	-199,886	-2.4%	$431.59M	8,239,678
Q1 2023	STLA Stellantis	Stellantis	Buy	+7,053	+12.9%	$1.12M	61,670

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