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

According to the SEC 13F filed on Feb 14, 2025, the Sequoia Fund portfolio showed several notable changes in holdings as of quarter-end Dec 31, 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 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 Corp Formula One Group	Liberty Media Corp Formula One Group	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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