Ruane, Cunniff & Goldfarb - Sequoia Fund Investment Strategy & Portfolio Analysis
How Sequoia Fund allocates capital, manages risk, and constructs its portfolio — based on SEC 13F filings.
As of Mar 31, 2026, Ruane, Cunniff & Goldfarb's Sequoia Fund portfolio reflects a balanced investor approach across 46 reported 13F positions. Portfolio returns are led by Alphabet (~11% of total exposure), with the top five holdings representing approximately 41% of reported value. The portfolio maintains structural breadth across 46 positions, with economic weighting tilted toward communication services and financials names. Exposure to high-growth and technology-oriented segments is moderate relative to peers, with performance instead anchored in durable, cash-generating businesses across communication services, financials, and healthcare. The portfolio exhibits extremely low turnover, reinforcing a patient, conviction-led investment approach. Distinctive traits include Long-Term Holder, Structurally Diversified.
Investment Style
Value, growth, quality, and behavioral classification from latest 13F holdings.
Primary type: Balanced Investor
Traits: Long-Term Holder, Structurally Diversified
Turnover profile
Moderate
Holding horizon
Long-Term
Portfolio Construction
Concentration and position sizing in the latest filing.
Portfolio construction is moderately concentrated: top three names represent 26.7% of assets, top five 41.3%, and the largest single position is 10.8%.
Top 3 weight
26.7%
Top 5 weight
41.3%
Top 10 weight
70.1%
Largest position
10.8%
Top holdings: Alphabet Inc., Liberty Media Corporation - Ser, Charles Schwab Corporation (The, Intercontinental Exchange Inc., Taiwan Semiconductor Manufactur — view full holdings
Sector Preferences
Where capital is allocated by sector.
Capital is tilted toward Communication Services and Financial Services, with 9 sectors represented in the latest filing.
Leading sectors: Communication Services, Financial Services, Healthcare
Risk Framework
Concentration, diversification, and turnover tolerance.
This investor accepts moderate single-name risk (largest position 10.8%, top ten 70.1%) and moderate economic diversification (HHI 0.04). Turnover tolerance maps to a moderate profile.
Largest position
10.8%
Top 10 weight
70.1%
Max sector
28.6%
Diversification
Moderate
Strategy Evolution
How the strategy changed between the two most recent filing periods.
Dec 31, 2025 → Mar 31, 2026
- Top-five concentration fell from 43.6% to 41.3%.
- Quarter-over-quarter portfolio weight turnover: 11.5%.
For trade-level changes, see the Activity page. View activity.
Similar Investors
Peer group with comparable portfolio behavior.
Similar-investor comparisons are coming soon.