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

As of Jun 30, 2023, the Sequoia Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 14, 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