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

As of Sep 30, 2023, the Sequoia Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 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 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 Corp Formula One Group, 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 Corp Formula One Group	Liberty Media Corp Formula One Group	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