N-PORT filing recap · March 2025

What did Sequoia Fund buy in March 2025?

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

Stock value

$3.30B

Positions

Estimated turnover

5.0%

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 substantially trimmed its Intercontinental Exchange position while substantially adding to Ashtead Group.

Increased positions

AHTAshtead Group Plc$116.90Mreported value+693.4K shares+46.6%

Reduced positions

ICEIntercontinental Exchange, Inc.$175.50Mreported value-739.7K shares-42.1%