Ruane, Cunniff & Goldfarb - Sequoia Fund 13F Activity & Position Changes (Q1 2024)

As of Mar 31, 2024, the Sequoia Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2024. 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 2024, the filing reported:

New Buys - American Express Company

Increases - Group 1 Automotive, Inc.

Reductions - Sendas Distribuidora S A, Berkshire Hathaway Inc., Berkshire Hathaway Inc. New, Credit Acceptance Corporation, Capital One Financial Corporati, and 19 more

Complete Exits - None reported

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 2024	ASAI Sendas Distribuidora S A	Sendas Distribuidora S A	Sell	-1,232	-0.9%	$2.04M	138,282
Q1 2024	AXP American Express Company	American Express Company	Buy - Position Entry	+932	-	$212.21K	932
Q1 2024	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-19	-11.3%	$94.53M	149
Q1 2024	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-5,757	-1.3%	$189.45M	450,522
Q1 2024	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Sell	-29,316	-3.9%	$396.03M	718,040
Q1 2024	COF Capital One Financial Corporati	Capital One Financial Corporati	Sell	-272,466	-8.4%	$439.63M	2,952,729
Q1 2024	ELV Elevance Health, Inc.	Elevance Health, Inc.	Sell	-46,958	-4.2%	$557.27M	1,074,685
Q1 2024	EQH Equitable Holdings, Inc.	Equitable Holdings, Inc.	Sell	-118	-0.3%	$1.55M	40,889
Q1 2024	FWONA Liberty Media Corporation - Ser	Liberty Media Corporation - Ser	Sell	-9,114	-1.1%	$50.31M	856,558
Q1 2024	FWONK Liberty Media Corp Formula One Group	Liberty Media Corp Formula One Group	Sell	-283,983	-4.2%	$422.36M	6,438,428
Q1 2024	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-199,942	-11.2%	$240.68M	1,580,745
Q1 2024	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-71,256	-2.4%	$438.43M	2,904,857
Q1 2024	GPI Group 1 Automotive, Inc.	Group 1 Automotive, Inc.	Buy	+33	+1.2%	$813.57K	2,784
Q1 2024	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Sell	-249,488	-4.5%	$735.84M	5,354,303
Q1 2024	J Jacobs Solutions Inc.	Jacobs Solutions Inc.	Sell	-111,517	-4.0%	$413.16M	2,687,568
Q1 2024	KMX CarMax Inc	CarMax Inc	Sell	-158,828	-3.8%	$345.66M	3,968,078
Q1 2024	LAD Lithia Motors, Inc.	Lithia Motors, Inc.	Sell	-30	-1.3%	$701.30K	2,331
Q1 2024	LBRDA Liberty Broadband Corporation	Liberty Broadband Corporation	Sell	-8,306	-1.1%	$43.76M	766,130
Q1 2024	LBRDK Liberty Broadband Corporation	Liberty Broadband Corporation	Sell	-142,717	-4.6%	$169.42M	2,960,299
Q1 2024	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-23,300	-3.7%	$291.69M	600,710
Q1 2024	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-43	-6.2%	$273.05K	649
Q1 2024	RMNI Rimini Street, Inc.	Rimini Street, Inc.	Sell	-1,281	-6.5%	$59.89K	18,371
Q1 2024	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Sell	-337,513	-4.0%	$588.32M	8,132,643
Q1 2024	STLA Stellantis	Stellantis	Sell	-3,537	-6.8%	$1.36M	48,160
Q1 2024	TSM Taiwan Semiconductor Manufactur	Taiwan Semiconductor Manufactur	Sell	-353,629	-8.7%	$505.65M	3,716,650
Q1 2024	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Sell	-41,556	-3.9%	$508.48M	1,027,863