N-PORT filing recap · June 2025

What did Sequoia Fund buy in June 2025?

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

Stock value

$3.77B

Positions

Estimated turnover

4.8%

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 Rolls-Royce Holdings while also slightly trimming an existing stake in the same company. It added to Universal Music Group, ICON PLC, and Amentum Holdings, and reduced Meta Platforms, Credit Acceptance Corp, UnitedHealth Group, Liberty Broadband, and Jacobs Solutions.

New positions

RYCEYRolls-Royce Holdings Plc$15.39Mreported value+1.15M shares

Increased positions

UMGUniversal Music Group NV$281.59Mreported value+1.56M shares+21.9%ICLRICON PLC$91.70Mreported value+135.8K shares+27.5%AMTMAmentum Holdings, Inc.$23.95Mreported value+22.7K shares+2.3%

Reduced positions

RRRolls-Royce Holdings Plc$541.12Mreported value-1.15M shares-2.7%METAMeta Platforms, Inc.$145.28Mreported value-2.8K shares-1.4%CACCCredit Acceptance Corp$112.14Mreported value-43.2K shares-16.4%UNHUnitedHealth Group Incorporated$86.55Mreported value-39.8K shares