Net Asset Value
Investment Comparison
Growth of $10,000 since inception (July 15, 1970) and as of June 30, 2024
Performance Summary
Net Returns as of June 30, 2024
YEAR TO DATE | 1 YEAR | 5 YEARS* | 10 YEARS* | SINCE INCEPTION* | |
---|---|---|---|---|---|
Sequoia Fund | 12.81% | 27.72% | 10.60% | 7.97% | 13.30% |
Standard & Poor’s 500 | 15.29% | 24.56% | 15.03% | 12.85% | 11.30% |
Top 10 Holdings
As of June 30, 2024
8.3%
![](https://www.sequoiafund.com/wp-content/uploads/2023/10/rolls-royce-logo-white.png)
7.3%
![](https://www.sequoiafund.com/wp-content/uploads/2023/03/alphabet-logo-white.png)
7.0%
![](https://www.sequoiafund.com/wp-content/uploads/2023/03/ice-logo.png)
6.9%
![](https://www.sequoiafund.com/wp-content/uploads/2023/03/constellation-logo.png)
6.4%
![](https://www.sequoiafund.com/wp-content/uploads/2023/03/charles-schwab-logo.png)
5.8%
![](https://www.sequoiafund.com/wp-content/uploads/2023/03/liberty-logo.png)
5.6%
![](https://www.sequoiafund.com/wp-content/uploads/2023/03/tsmc-logo.png)
5.5%
![](https://www.sequoiafund.com/wp-content/uploads/2023/03/united-health-logo.png)
5.3%
![](https://www.sequoiafund.com/wp-content/uploads/2023/07/universal-music-group-logo-white-600x600-1.png)
5.2%
![](https://www.sequoiafund.com/wp-content/uploads/2023/03/elevnace-health.png)
Fees and Expenses
Management
Fees
1.00%
Other
Expenses
0.11%
Total Fund
Operating Expenses*
1.11%
Reimbursed
Operating Expenses
0.11%
Total Fees and Expenses Net of Reimbursement
1.00%
* It is the intention of Ruane Cunniff L.P. (the “Adviser”) to ensure the Fund does not pay in excess of 1.00% in Net Annual Fund Operating Expenses. This reimbursement obligation is a provision of the Adviser’s investment advisory contract with the Fund and the reimbursement obligation will be in effect only so long as that investment advisory contract is in effect. The expense ratio presented is from the Fund’s prospectus dated May 1, 2024. For the year ended December 31, 2023, the Fund’s annual operating expenses and investment advisory fee, net of such reimbursement, were 1.00% and 0.89%, respectively.