SCHW - The Sequoia Strategy Composite Q2 2024 Letter

2024-07-29 21:55:00 ET

Summary

• For the second quarter of 2024, the Sequoia Strategy Composite generated a total return of 2.2%1 net of fees.
• For the year to date through June 30, the Sequoia Strategy Composite generated a total return of 12.2% net of fees.
• There was little activity in the portfolio this past quarter.

Dear Clients:

For the second quarter of 2024, the Sequoia Strategy Composite generated a total return of 2.2% ¹ net of fees, versus 4.3% for the Standard and Poor's 500 Index ( SP500 , SPX ). For the year to date through June 30, the Sequoia Strategy Composite generated a total return of 12.2% net of fees, versus 15.3% for the Index....

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