Ruane, Cunniff & Goldfarb - Sequoia Fund 13F Activity & Position Changes (Q4 2024)

As of Dec 31, 2024, the Sequoia Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 14, 2025. 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 2024, the filing reported:

New Buys - Apple Inc., ICON, Copa Holdings

Increases - Sendas Distribuidora S A, Elevance Health, Inc., Vanguard Total Stock Market ETF

Reductions - Amentum, Berkshire Hathaway Inc., Berkshire Hathaway Inc. New, Credit Acceptance Corporation, Charter Communications, Inc., and 20 more

Complete Exits - Micron Technology, 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 2024	AAPL Apple Inc.	Apple Inc.	Buy - Position Entry	+821	-	$205.59K	821
Q4 2024	AMTM Amentum	Amentum	Sell	-94,195	-3.7%	$51.24M	2,436,294
Q4 2024	ASAI Sendas Distribuidora S A	Sendas Distribuidora S A	Buy	+1,208	+0.8%	$681.58K	152,478
Q4 2024	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-8	-6.0%	$85.80M	126
Q4 2024	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-86,057	-19.8%	$157.85M	348,247
Q4 2024	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Sell	-26,333	-3.9%	$307.62M	655,271
Q4 2024	CHTR Charter Communications, Inc.	Charter Communications, Inc.	Sell	-40,901	-9.0%	$141.95M	414,122
Q4 2024	COF Capital One Financial Corporati	Capital One Financial Corporati	Sell	-594,082	-21.4%	$388.23M	2,177,156
Q4 2024	ELV Elevance Health, Inc.	Elevance Health, Inc.	Buy	+139,420	+13.9%	$422.00M	1,143,953
Q4 2024	EQH Equitable Holdings, Inc.	Equitable Holdings, Inc.	Sell	-12	-0.0%	$1.93M	40,832
Q4 2024	EXPD Expeditors International of Was	Expeditors International of Was	Sell	-12,500	-36.3%	$2.43M	21,902
Q4 2024	FWONA Liberty Media Corporation - Ser	Liberty Media Corporation - Ser	Sell	-41,737	-5.3%	$62.94M	748,924
Q4 2024	FWONK Liberty Media Corporation - Ser	Liberty Media Corporation - Ser	Sell	-211,924	-3.5%	$543.86M	5,869,410
Q4 2024	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-69,037	-4.7%	$265.08M	1,391,955
Q4 2024	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-275,242	-10.3%	$452.77M	2,391,801
Q4 2024	GPI Group 1 Automotive, Inc.	Group 1 Automotive, Inc.	Sell	-17	-0.5%	$1.42M	3,369
Q4 2024	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Sell	-205,506	-4.1%	$716.29M	4,806,982
Q4 2024	ICLR ICON	ICON	Buy - Position Entry	+1,265,540	-	$265.40M	1,265,540
Q4 2024	J Jacobs Solutions Inc.	Jacobs Solutions Inc.	Sell	-1,319,295	-52.1%	$161.80M	1,210,914
Q4 2024	KMX CarMax Inc	CarMax Inc	Sell	-1,797,917	-98.5%	$2.25M	27,571
Q4 2024	LAD Lithia Motors, Inc.	Lithia Motors, Inc.	Sell	-12	-0.4%	$970.78K	2,716
Q4 2024	LBRDA Liberty Broadband Corporation	Liberty Broadband Corporation	Sell	-26,361	-3.7%	$50.82M	683,406
Q4 2024	LBRDK Liberty Broadband Corporation	Liberty Broadband Corporation	Sell	-102,561	-4.1%	$180.33M	2,412,168
Q4 2024	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-45,620	-8.0%	$305.37M	521,537
Q4 2024	MU Micron Technology, Inc.	Micron Technology, Inc.	Sell - Position Exit	-2,162	-100.0%	$0.00	-
Q4 2024	P31076105 Copa Holdings	Copa Holdings	Buy - Position Entry	+2,555	-	$224.53K	2,555
Q4 2024	RMNI Rimini Street, Inc.	Rimini Street, Inc.	Sell	-135	-0.4%	$101.34K	37,955
Q4 2024	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Sell	-546,806	-7.3%	$510.93M	6,903,480
Q4 2024	STLA Stellantis	Stellantis	Sell	-40	-0.1%	$673.81K	51,633
Q4 2024	TSM Taiwan Semiconductor Manufactur	Taiwan Semiconductor Manufactur	Sell	-970,808	-33.4%	$381.92M	1,933,881

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