Ruane, Cunniff & Goldfarb - Sequoia Fund 13F Activity & Position Changes (Q4 2023)

As of Dec 31, 2023, the Sequoia Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 14, 2024. 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 2023, the filing reported:

New Buys - S&P Global Inc.

Increases - None reported

Reductions - Sendas Distribuidora S A, Builders FirstSource, Inc., Berkshire Hathaway Inc., Berkshire Hathaway Inc. New, Credit Acceptance Corporation, and 22 more

Complete Exits - Amazon.com, Inc., Atlanta Braves Holdings, Inc. -, Liberty Media Corporation - Ser, Liberty Media Corporation - Ser

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 2023	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell - Position Exit	-6,020	-100.0%	$0.00	-
Q4 2023	ASAI Sendas Distribuidora S A	Sendas Distribuidora S A	Sell	-6,191	-4.2%	$1.93M	139,514
Q4 2023	BATRK Atlanta Braves Holdings, Inc. -	Atlanta Braves Holdings, Inc. -	Sell - Position Exit	-224,489	-100.0%	$0.00	-
Q4 2023	BLDR Builders FirstSource, Inc.	Builders FirstSource, Inc.	Sell	-1,100	-19.0%	$784.62K	4,700
Q4 2023	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-2	-1.2%	$91.16M	168
Q4 2023	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-15,782	-3.3%	$162.74M	456,279
Q4 2023	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Sell	-17,874	-2.3%	$398.14M	747,356
Q4 2023	COF Capital One Financial Corporati	Capital One Financial Corporati	Sell	-77,598	-2.3%	$422.89M	3,225,195
Q4 2023	ELV Elevance Health, Inc.	Elevance Health, Inc.	Sell	-28,578	-2.5%	$528.92M	1,121,643
Q4 2023	EQH Equitable Holdings, Inc.	Equitable Holdings, Inc.	Sell	-50	-0.1%	$1.37M	41,007
Q4 2023	FWONA Liberty Media Corporation - Ser	Liberty Media Corporation - Ser	Sell	-22,345	-2.5%	$50.19M	865,672
Q4 2023	FWONK Liberty Media Corporation - Ser	Liberty Media Corporation - Ser	Sell	-165,977	-2.4%	$424.39M	6,722,411
Q4 2023	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-93,914	-5.0%	$250.95M	1,780,687
Q4 2023	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-67,551	-2.2%	$415.73M	2,976,113
Q4 2023	GPI Group 1 Automotive, Inc.	Group 1 Automotive, Inc.	Sell	-26	-0.9%	$838.34K	2,751
Q4 2023	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Sell	-153,084	-2.7%	$719.69M	5,603,791
Q4 2023	J Jacobs Solutions Inc.	Jacobs Solutions Inc.	Sell	-66,362	-2.3%	$363.32M	2,799,085
Q4 2023	KMX CarMax Inc	CarMax Inc	Sell	-1,438,450	-25.8%	$316.70M	4,126,906
Q4 2023	LAD Lithia Motors, Inc.	Lithia Motors, Inc.	Sell	-13	-0.5%	$777.43K	2,361
Q4 2023	LBRDA Liberty Broadband Corporation	Liberty Broadband Corporation	Sell	-14,454	-1.8%	$62.45M	774,436
Q4 2023	LBRDK Liberty Broadband Corporation	Liberty Broadband Corporation	Sell	-78,227	-2.5%	$250.07M	3,103,016
Q4 2023	LLYVA Liberty Media Corporation - Ser	Liberty Media Corporation - Ser	Sell - Position Exit	-37,392	-100.0%	$0.00	-
Q4 2023	LLYVK Liberty Media Corporation - Ser	Liberty Media Corporation - Ser	Sell - Position Exit	-295,040	-100.0%	$0.00	-
Q4 2023	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-270,004	-30.2%	$220.87M	624,010
Q4 2023	MU Micron Technology, Inc.	Micron Technology, Inc.	Sell	-3,646	-53.6%	$269.85K	3,162
Q4 2023	NFLX Netflix, Inc.	Netflix, Inc.	Sell	-593	-49.1%	$299.43K	615
Q4 2023	RMNI Rimini Street, Inc.	Rimini Street, Inc.	Sell	-9,790	-33.3%	$64.26K	19,652
Q4 2023	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Sell	-210,679	-2.4%	$582.75M	8,470,156
Q4 2023	SPGI S&P Global Inc.	S&P Global Inc.	Buy - Position Entry	+531	-	$233.92K	531
Q4 2023	STLA Stellantis	Stellantis	Sell	-3,648	-6.6%	$1.21M	51,697

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