N-PORT filing recap · December 2024

What did Sequoia Fund buy in December 2024?

Reported stock-position changes between this filing and the previous one.

Stock value

$3.24B

Positions

Estimated turnover

19.6%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Period in review

Sequoia Fund opened a new position in ICON PLC and exited Carmax and Lumine Group. It trimmed Rolls-Royce Holdings, Alphabet, UnitedHealth Group, Capital One Financial, SAP, Meta Platforms, and Charter Communications, while adding to Universal Music Group, Elevance Health, and Eurofins Scientific. The fund substantially reduced Taiwan Semiconductor Manufacturing, Jacobs Solutions, and Berkshire Hathaway.

New positions

ICLRICON PLC$103.74Mreported value+494.7K shares

Increased positions

UMGUniversal Music Group NV$182.77Mreported value+887.1K shares+14.2%ELVElevance Health, Inc.$154.56Mreported value+85.3K shares+25.6%ERFEurofins Scientific SE$149.46Mreported value+440.9K shares+17.7%

Reduced positions

RRRolls-Royce Holdings Plc$298.20Mreported value-7.46M shares-15.1%ICEIntercontinental Exchange, Inc.$261.83Mreported value-1.6K shares-0.1%CSUConstellation Software Inc.$257.00Mreported value-74 shares-0.1%FWONKLiberty Media Corporation$254.24Mreported value-2.4K shares

Exited positions

KMXCarmax, Inc.$49.98Mprior reported value-645.9K shares-100.0%LMNLumine Group Inc$6.97Mprior reported value-298.3K shares-100.0%