Ruane, Cunniff & Goldfarb - Sequoia Fund 13F Activity & Position Changes (Q3 2023)

According to the SEC 13F filed on Nov 14, 2023, the Sequoia Fund portfolio showed several notable changes in holdings as of quarter-end Sep 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 Q3 2023, the filing reported:

New Buys - Atlanta Braves Holdings, Inc. -, Liberty Media Corporation - Ser, Liberty Media Corporation - Ser, Liberty Media Corporation - Ser

Increases - Sendas Distribuidora S A, Elevance Health, Inc., Group 1 Automotive, Inc., Rimini Street, Inc.

Reductions - Berkshire Hathaway Inc., Berkshire Hathaway Inc. New, Credit Acceptance Corporation, Capital One Financial Corporati, Liberty Media Corporation - Ser, and 14 more

Complete Exits - S&P Global 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
Q3 2023	ASAI Sendas Distribuidora S A	Sendas Distribuidora S A	Buy	+6,378	+4.6%	$1.77M	145,705
Q3 2023	BATRK Atlanta Braves Holdings, Inc. -	Atlanta Braves Holdings, Inc. -	Buy - Position Entry	+224,489	-	$8.02M	224,489
Q3 2023	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-4	-2.3%	$90.35M	170
Q3 2023	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-18,618	-3.8%	$165.36M	472,061
Q3 2023	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Sell	-23,215	-2.9%	$352.10M	765,230
Q3 2023	COF Capital One Financial Corporati	Capital One Financial Corporati	Sell	-100,744	-3.0%	$320.54M	3,302,793
Q3 2023	ELV Elevance Health, Inc.	Elevance Health, Inc.	Buy	+101,573	+9.7%	$500.83M	1,150,221
Q3 2023	FWONA Liberty Media Corporation - Ser	Liberty Media Corporation - Ser	Buy - Position Entry	+888,017	-	$50.21M	888,017
Q3 2023	FWONK Liberty Media Corporation - Ser	Liberty Media Corporation - Ser	Sell	-204,828	-2.9%	$429.15M	6,888,388
Q3 2023	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-91,150	-4.6%	$247.17M	1,874,601
Q3 2023	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-219,168	-6.7%	$398.29M	3,043,664
Q3 2023	GPI Group 1 Automotive, Inc.	Group 1 Automotive, Inc.	Buy	+158	+6.0%	$746.21K	2,777
Q3 2023	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Sell	-187,397	-3.2%	$633.37M	5,756,875
Q3 2023	J Jacobs Solutions Inc.	Jacobs Solutions Inc.	Sell	-88,671	-3.0%	$391.13M	2,865,447
Q3 2023	KMX CarMax Inc	CarMax Inc	Sell	-464,864	-7.7%	$393.64M	5,565,356
Q3 2023	LBRDA Liberty Broadband Corporation	Liberty Broadband Corporation	Sell	-23,815	-2.9%	$71.72M	788,890
Q3 2023	LBRDK Liberty Broadband Corporation	Liberty Broadband Corporation	Sell	-105,118	-3.2%	$290.51M	3,181,243
Q3 2023	LLYVA Liberty Media Corporation - Ser	Liberty Media Corporation - Ser	Buy - Position Entry	+37,392	-	$1.19M	37,392
Q3 2023	LLYVK Liberty Media Corporation - Ser	Liberty Media Corporation - Ser	Buy - Position Entry	+295,040	-	$9.47M	295,040
Q3 2023	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-29,693	-3.2%	$268.39M	894,014
Q3 2023	MU Micron Technology, Inc.	Micron Technology, Inc.	Sell	-173	-2.5%	$463.15K	6,808
Q3 2023	NFLX Netflix, Inc.	Netflix, Inc.	Sell	-734	-37.8%	$456.14K	1,208
Q3 2023	RMNI Rimini Street, Inc.	Rimini Street, Inc.	Buy	+5,369	+22.3%	$64.77K	29,442
Q3 2023	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Sell	-267,834	-3.0%	$476.58M	8,680,835
Q3 2023	SPGI S&P Global Inc.	S&P Global Inc.	Sell - Position Exit	-531	-100.0%	$0.00	-
Q3 2023	STLA Stellantis	Stellantis	Sell	-377	-0.7%	$1.06M	55,345
Q3 2023	TSM Taiwan Semiconductor Manufactur	Taiwan Semiconductor Manufactur	Sell	-128,621	-3.0%	$364.57M	4,195,315
Q3 2023	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Sell	-33,171	-2.9%	$552.32M	1,095,459