Ruane, Cunniff & Goldfarb - Sequoia Fund Portfolio
| Period Date | Mar 31, 2025 | |
| Filing Date | May 15, 2025 | |
| Total Stocks | 38 | |
| Portfolio Value | $5.51B |
Sequoia Fund Strategy Analysis
Investment Strategy Metrics
Key metrics revealing investment style, risk management, and performance characteristics
| Metric | Value | Category | Description |
|---|---|---|---|
| Holding Period | 2.2 years | Style | Average duration positions are maintained |
| Position Count | 31 | Style | Number of active positions in portfolio |
| Position Size | 4.5% | Risk | Typical allocation per position |
| Win Rate | 55.2% | Performance | Percentage of profitable positions |
| Average Return | 98.4% | Performance | Mean return across positions |
| Sharpe Ratio | 0.07 | Performance | Return per unit of risk taken |
Investment Case Study: SCHWAB CHARLES CORP (SCHW)
3/31/2020 - 8/4/2025
Performance Metrics
Total Return: 112,066.16%
Holding Period: 1952 days
Max Position Size: $702,678,099.00
Position Weight: 7.33%
Key Events
3/31/2020: INCREASE(3,274,798.00 shares) @ $0.03
6/30/2020: DECREASE(-1,987,340.00 shares) @ $0.03
9/30/2020: DECREASE(-229,202.00 shares) @ $0.04
12/31/2020: DECREASE(-271,804.00 shares) @ $0.05
3/31/2021: DECREASE(-196,242.00 shares) @ $0.07
6/30/2021: DECREASE(-342,276.00 shares) @ $0.07
9/30/2021: DECREASE(-129,369.00 shares) @ $0.07
12/31/2021: DECREASE(-183,263.00 shares) @ $0.08
3/31/2022: DECREASE(-243,381.00 shares) @ $0.08
6/30/2022: INCREASE(613,028.00 shares) @ $0.06
9/30/2022: DECREASE(-132,867.00 shares) @ $0.07
12/31/2022: DECREASE(-280,526.00 shares) @ $83.26
3/31/2023: DECREASE(-199,886.00 shares) @ $52.38
6/30/2023: INCREASE(708,991.00 shares) @ $56.68
9/30/2023: DECREASE(-267,834.00 shares) @ $54.90
12/31/2023: DECREASE(-210,679.00 shares) @ $68.80
3/31/2024: DECREASE(-337,513.00 shares) @ $72.34
6/30/2024: DECREASE(-347,586.00 shares) @ $73.69
9/30/2024: DECREASE(-334,771.00 shares) @ $64.81
12/31/2024: DECREASE(-546,806.00 shares) @ $74.01
3/31/2025: DECREASE(-142,105.00 shares) @ $78.28
Investment Thesis
Entry Context: Initial position established based on fundamental analysis
Sector Conditions: Favorable market conditions in the sector
Risk Factors:
- Market volatility
- Sector-specific risks
Key Learnings
- Position sizing is critical for portfolio management
- Important to monitor sector exposure