N-PORT filing recap · December 2025

What did Sequoia Fund buy in December 2025?

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

Stock value

$3.64B

Positions

Estimated turnover

16.8%

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 new positions in MSA Safety, Accenture, and Align Technology during December. It trimmed Rolls-Royce Holdings, Alphabet, Schwab Charles, and Taiwan Semiconductor, while making slight reductions across many other holdings. ICON PLC and Liberty Capital were the only existing positions increased.

New positions

MSAMsa Safety Inc$107.65Mreported value+672.2K shares ACNAccenture Plc$94.53Mreported value+352.3K shares ALGNAlign Technology, Inc.$71.04Mreported value+455.0K shares

Increased positions

ICLRICON PLC$115.01Mreported value+698 shares+0.1%GLIBKLiberty Capital Corp/NV$6.74Mreported value+64.4K shares+55.1%

Reduced positions

RRRolls-Royce Holdings Plc$470.88Mreported value-10.36M shares-25.4%GOOGLAlphabet Inc.$310.23Mreported value-164.4K shares-14.2%FWONKLiberty Media Corporation$269.86Mreported value-4.4K shares-0.2%UMGUniversal Music Group NV$226.90Mreported value-13.9K shares