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

According to the SEC 13F filed on Feb 13, 2023, the Sequoia Fund portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2022. 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	-