Ruane, Cunniff & Goldfarb - Sequoia Fund 13F Activity & Position Changes (Q2 2023)

According to the SEC 13F filed on Aug 14, 2023, the Sequoia Fund portfolio showed several notable changes in holdings as of quarter-end Jun 30, 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 Q2 2023, the filing reported:

New Buys - Group 1 Automotive, Inc., Microsoft Corporation, Sinclair, Inc., S&P Global Inc.

Increases - Credit Acceptance Corporation, Capital One Financial Corporati, Elevance Health, Inc., Jacobs Solutions Inc., Lithia Motors, Inc., and 3 more

Reductions - Amazon.com, Inc., Sendas Distribuidora S A, Builders FirstSource, Inc., Berkshire Hathaway Inc., Berkshire Hathaway Inc. New, and 13 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
Q2 2023	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-7,300	-54.8%	$784.77K	6,020
Q2 2023	ASAI Sendas Distribuidora S A	Sendas Distribuidora S A	Sell	-1,370	-1.0%	$2.01M	139,327
Q2 2023	BLDR Builders FirstSource, Inc.	Builders FirstSource, Inc.	Sell	-44,175	-88.4%	$788.80K	5,800
Q2 2023	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-8	-4.4%	$90.10M	174
Q2 2023	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-336	-0.1%	$167.32M	490,679
Q2 2023	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Buy	+6,953	+0.9%	$400.47M	788,445
Q2 2023	COF Capital One Financial Corporati	Capital One Financial Corporati	Buy	+710,159	+26.4%	$372.24M	3,403,537
Q2 2023	ELV Elevance Health, Inc.	Elevance Health, Inc.	Buy	+241,524	+29.9%	$465.90M	1,048,648
Q2 2023	EQH Equitable Holdings, Inc.	Equitable Holdings, Inc.	Sell	-139	-0.3%	$1.12M	41,057
Q2 2023	FWONK Liberty Media Corp Formula One Group	Liberty Media Corp Formula One Group	Sell	-104,824	-1.5%	$533.98M	7,093,216
Q2 2023	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-74,157	-3.6%	$237.80M	1,965,751
Q2 2023	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-286,821	-8.1%	$390.56M	3,262,832
Q2 2023	GPI Group 1 Automotive, Inc.	Group 1 Automotive, Inc.	Buy - Position Entry	+2,619	-	$675.96K	2,619
Q2 2023	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Sell	-115,004	-1.9%	$672.18M	5,944,272
Q2 2023	J Jacobs Solutions Inc.	Jacobs Solutions Inc.	Buy	+313,334	+11.9%	$351.22M	2,954,118
Q2 2023	KMX CarMax Inc	CarMax Inc	Sell	-102,924	-1.7%	$504.73M	6,030,220
Q2 2023	LAD Lithia Motors, Inc.	Lithia Motors, Inc.	Buy	+216	+10.0%	$721.96K	2,374
Q2 2023	LBRDA Liberty Broadband Corporation	Liberty Broadband Corporation	Sell	-8,873	-1.1%	$64.80M	812,705
Q2 2023	LBRDK Liberty Broadband Corporation	Liberty Broadband Corporation	Buy	+999,886	+43.7%	$263.27M	3,286,361
Q2 2023	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-351,982	-27.6%	$265.09M	923,707
Q2 2023	MSFT Microsoft Corporation	Microsoft Corporation	Buy - Position Entry	+692	-	$235.65K	692
Q2 2023	MU Micron Technology, Inc.	Micron Technology, Inc.	Sell	-4,657,030	-99.9%	$440.57K	6,981
Q2 2023	NFLX Netflix, Inc.	Netflix, Inc.	Sell	-614,552	-99.7%	$855.43K	1,942
Q2 2023	RMNI Rimini Street, Inc.	Rimini Street, Inc.	Sell	-860	-3.4%	$115.31K	24,073
Q2 2023	SBGI Sinclair, Inc.	Sinclair, Inc.	Buy - Position Entry	+17,959	-	$248.19K	17,959
Q2 2023	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Buy	+708,991	+8.6%	$507.21M	8,948,669
Q2 2023	SPGI S&P Global Inc.	S&P Global Inc.	Buy - Position Entry	+531	-	$212.87K	531
Q2 2023	STLA Stellantis	Stellantis	Sell	-5,948	-9.6%	$977.36K	55,722
Q2 2023	TSM Taiwan Semiconductor Manufactur	Taiwan Semiconductor Manufactur	Sell	-76,884	-1.7%	$436.37M	4,323,936
Q2 2023	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Buy	+25,811	+2.3%	$542.46M	1,128,630