ASHTF - The Sequoia Strategy Composite Q1 2025 Letter

2025-04-14 08:04:00 ET

Summary

• For the first quarter of 2025, the Sequoia Strategy Composite generated a total return of 4.4% 1 net of fees, versus negative 4.3% for the Standard and Poor’s 500 Index.
• We trimmed our holdings in Intercontinental Exchange and added opportunistically to Ashtead Group.
• Our annual Investor Day will take place entirely in-person this year at The Times Center in New York on Thursday, May 15, 2025 at 10am.

Dear Clients:

For the first quarter of 2025, the Sequoia Strategy Composite generated a total return of 4.4% ¹ net of fees, versus negative 4.3% for the Standard and Poor’s 500 Index....

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