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

According to the SEC 13F filed on May 15, 2024, the Sequoia Fund portfolio showed several notable changes in holdings as of quarter-end Mar 31, 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 Corporation - Ser	Liberty Media Corporation - Ser	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