Fund info

Sequoia Fund is a long-standing mutual fund that pursues a value-oriented investment strategy with a primary focus on long-term capital growth. Managed by Ruane Cunniff LP since its inception in 1970, the fund distinguishes itself by adopting the perspective of business owners, aiming to invest in high-quality companies and hold these positions for many years—often decades. Sequoia Fund is non-diversified, typically maintaining a concentrated portfolio where a significant portion of assets is allocated to its top holdings, reflecting strong conviction in select businesses. The fund targets large-cap growth stocks and is known for rigorous research and disciplined adherence to value investing principles, even during periods when such strategies may be out of favor. With a minimum initial investment requirement and a stated goal of being true partners to its clients, Sequoia Fund has played a notable role in the mutual fund industry as an exemplar of patient, owner-minded investing focused on the underlying quality and management of businesses, rather than on short-term market trends or economic forecasts.