Sequoia Fund Q4 2025 Shareholder Letter
2026-02-01 23:05:00 ET
Dear Sequoia Shareholders:
Sequoia Fund's results for the quarter and year ended December 31, 2025 appear below with the results of the S&P 500 Index for the same periods:
| Through December 31, 2025 | Sequoia Fund | S&P 500 Index |
|---|---|---|
| Fourth Quarter | 0.42% | 2.66% |
| 1 Year | 22.13% | 17.88% |
| 3 Years (Annualized) | 23.55% | 22.96% |
| 5 Years (Annualized) | 10.46% | 14.42% |
| 10 Years (Annualized) | 11.04% | 14.81% |
| Since Inception (Annualized)** | 13.47% | 11.47% |
The performance data for the Fund shown above represents past performance and assumes reinvestment of dividends. Past performance does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month- end can be obtained by calling SS&C GIDS, Inc. at (800) 686-6884. **Inception Date: July 15, 1970. |
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Sequoia Fund Q4 2025 Shareholder Letter
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