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Ruane, Cunniff & Goldfarb

Sequoia Fund

Sequoia Fund Liberty Media Corp Series C Liberty Formula One stake

total: 59

Sequoia Fund FWONK trades

Total transactions:
12
New positions:
1
Added:
2
Reduced:
9
Held since:
2019 Q3
Held for:
27 quarters
Latest activity:
2025 Q4
According to 2026 Q1 report, Sequoia Fund holds 2,739,436 Liberty Media Corp Series C Liberty Formula One (FWONK) shares with a market value of roughly $232.91M accounting for 7.18% of the overall portfolio. To date, the estimated cost basis is nearly $41.23 for "buy" trades and estimated average "sell" price is $57.47. Sequoia Fund first purchased FWONK in 2019 Q3, initially acquiring about 4.55M shares. Since the initial investment in Liberty Media Corp Series C Liberty Formula One (FWONK), Sequoia Fund has made 11 more transactions.

How many FWONK shares does Sequoia Fund currently hold?

According to 2026 Q1 report, Sequoia Fund holds 2,739,436 shares of Liberty Media Corp Series C Liberty Formula One (FWONK), valued at around $232.91M.

When did Sequoia Fund buy Liberty Media Corp Series C Liberty Formula One (FWONK)?

Sequoia Fund first invested in Liberty Media Corp Series C Liberty Formula One (FWONK) in 2019 Q3 at the reported quarter-end price of $41.59 per share.

What's the cost basis of Sequoia Fund's FWONK stake?

The estimated cost basis for Liberty Media Corp Series C Liberty Formula One (FWONK) stake is around $41.23 per share. This represents their average reported price* across all buy transactions

Estimated cost basis*

Weighted AVG buy price:
$41.23
Weighted AVG sell price:
$57.46

Sequoia Fund's historical trades in Liberty Media Corp Series C Liberty Formula One

12 results
Period % of
portfolio
Shares
held after*
Reported
price*
Value* % (shares)
of activity
% change
to portfolio
2025 Q4
7.41%
2,739,436
$98.51
$269,861,840
-0.16% (-4,377)
-0.01%
2024 Q4
7.85%
2,743,813
$92.66
$254,241,713
-0.09% (-2,431)
-0.01%
2023 Q3
6.01%
2,746,244
$62.30
$171,091,001
-2.70% (-76,312)
-0.16%
2023 Q1
7.15%
2,822,556
$74.83
$211,211,865
-16.99% (-577,564)
-1.49%
2022 Q4
6.99%
3,400,120
$59.78
$203,259,174
-6.04% (-218,437)
-0.46%
2022 Q1
6.26%
3,618,557
$69.84
$252,720,021
-4.40% (-166,729)
-0.24%
2021 Q4
4.93%
3,785,286
$63.24
$239,381,487
-1.23% (-47,321)
-0.06%
2020 Q3
3.57%
$36.27
+4.62% (+169,319)
2020 Q2
3.27%
$31.71
+2.41% (+86,158)
2020 Q1
3.35%
$27.23
-3.32% (-122,667)
2019 Q4
4.45%
$45.96
-18.72% (-851,924)
2019 Q3
5.10%
$41.59
new
* Shares, change to shares, sold shares, shares held after: split-adjusted.
* Reported price: this doesn't represent the actual buy or sell price. It is the split-adjusted price of the security as of the last day of the reported period.
If the security is completely sold out, we show the reported split-adjusted price prior to the actual period.
* Estimated cost basis: based on "Reported price*" (not earlier than 2013 Q2). Calculation starts from the latest "new buy" activity to the latest "close out" activity (if any).
* Value or Price: If the security is completely sold out, we show the reported value (or price) prior to the actual period.
* New buy or own: this means there is no earlier reporting (for us or in general). So we can't know if the actual purchase of the security happened at the reported period or earlier.