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For the first quarter of 2025, Sequoia Fund generated a total return of 4.64% 1 net of fees, versus negative 4.27% for the Standard and Poor’s 500 Index.
There was very little activity in the portfolio this past quarter.
We trimmed our holdings in Intercontinental Exchange and added opportunistically to Ashtead Group.
Dear Sequoia Fund Shareholders:
For the first quarter of 2025, Sequoia Fund generated a total return of 4.64% 1 net of fees, versus negative 4.27% for the Standard and Poor’s 500 Index (SPX)(SP500)....