Ruane, Cunniff & Goldfarb - Sequoia Fund 13F Activity & Position Changes (Q4 2022)

As of Dec 31, 2022, the Sequoia Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 13, 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 Q4 2022, the filing reported:

New Buys - iShares Core S&P 500 ETF, Lithia Motors, Inc.

Increases - Angi Inc., Sendas Distribuidora S A, Rimini Street, Inc., Stellantis

Reductions - Builders FirstSource, Inc., Berkshire Hathaway Inc., Berkshire Hathaway Inc. New, Credit Acceptance Corporation, Capital One Financial Corporati, and 15 more

Complete Exits - Wayfair 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
Q4 2022	ANGI Angi Inc.	Angi Inc.	Buy	+9,295	+40.3%	$76.10K	32,383
Q4 2022	ASAI Sendas Distribuidora S A	Sendas Distribuidora S A	Buy	+1,380	+1.4%	$1.85M	101,069
Q4 2022	BLDR Builders FirstSource, Inc.	Builders FirstSource, Inc.	Sell	-745	-1.6%	$2.92M	45,002
Q4 2022	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-11	-5.5%	$88.12M	188
Q4 2022	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-12,923	-2.5%	$157.29M	509,192
Q4 2022	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Sell	-24,142	-2.9%	$378.92M	798,731
Q4 2022	COF Capital One Financial Corporati	Capital One Financial Corporati	Sell	-79,599	-2.8%	$255.39M	2,747,356
Q4 2022	ELV Elevance Health, Inc.	Elevance Health, Inc.	Sell	-161,334	-16.3%	$423.98M	826,523
Q4 2022	FWONK Liberty Media Corp Formula One Group	Liberty Media Corp Formula One Group	Sell	-507,984	-5.5%	$525.13M	8,784,381
Q4 2022	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-130,766	-5.7%	$190.95M	2,151,988
Q4 2022	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-86,912	-2.4%	$316.02M	3,581,758
Q4 2022	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Sell	-210,217	-3.3%	$637.29M	6,212,039
Q4 2022	IVV iShares Core S&P 500 ETF	iShares Core S&P 500 ETF	Buy - Position Entry	+2,460	-	$945.16K	2,460
Q4 2022	J Jacobs Solutions Inc.	Jacobs Solutions Inc.	Sell	-82,417	-3.0%	$323.84M	2,697,117
Q4 2022	KMX CarMax Inc	CarMax Inc	Sell	-197,202	-3.0%	$381.87M	6,271,401
Q4 2022	LAD Lithia Motors, Inc.	Lithia Motors, Inc.	Buy - Position Entry	+2,061	-	$421.97K	2,061
Q4 2022	LBRDA Liberty Broadband Corporation	Liberty Broadband Corporation	Sell	-13,433	-1.6%	$63.38M	835,640
Q4 2022	LBRDK Liberty Broadband Corporation	Liberty Broadband Corporation	Sell	-85,138	-3.5%	$178.05M	2,334,429
Q4 2022	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-96,050	-3.1%	$356.65M	2,963,720
Q4 2022	MU Micron Technology, Inc.	Micron Technology, Inc.	Sell	-154,988	-3.1%	$238.18M	4,765,452
Q4 2022	NFLX Netflix, Inc.	Netflix, Inc.	Sell	-598,823	-48.8%	$185.56M	629,259
Q4 2022	RMNI Rimini Street, Inc.	Rimini Street, Inc.	Buy	+58	+0.2%	$115.97K	30,438
Q4 2022	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Sell	-280,526	-3.2%	$702.68M	8,439,564
Q4 2022	STLA Stellantis	Stellantis	Buy	+3,341	+6.5%	$775.56K	54,617
Q4 2022	TSM Taiwan Semiconductor Manufactur	Taiwan Semiconductor Manufactur	Sell	-146,868	-3.2%	$335.52M	4,504,162
Q4 2022	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Sell	-190,469	-14.4%	$598.90M	1,129,622
Q4 2022	W Wayfair Inc.	Wayfair Inc.	Sell - Position Exit	-4,685,292	-100.0%	$0.00	-