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Ruane, Cunniff & Goldfarb

Sequoia Fund

Sequoia Fund SAP SE stake

total: 59

Sequoia Fund SAPGF trades

Total transactions:
6
New positions:
1
Reduced:
5
Held since:
2022 Q2
Held for:
16 quarters
Latest activity:
2025 Q4
According to 2026 Q1 report, Sequoia Fund holds 528,328 SAP SE (SAPGF) shares with a market value of roughly $89.71M accounting for 2.76% of the overall portfolio. To date, the estimated cost basis is nearly $91.1 for "buy" trades and estimated average "sell" price is $209.92. Sequoia Fund first purchased SAPGF in 2022 Q2, initially acquiring about 1.08M shares. Since the initial investment in SAP SE (SAPGF), Sequoia Fund has made 5 more transactions.

How many SAPGF shares does Sequoia Fund currently hold?

According to 2026 Q1 report, Sequoia Fund holds 528,328 shares of SAP SE (SAPGF), valued at around $89.71M.

When did Sequoia Fund buy SAP SE (SAPGF)?

Sequoia Fund first invested in SAP SE (SAPGF) in 2022 Q2 at the reported quarter-end price of $91.10 per share.

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

The estimated cost basis for SAP SE (SAPGF) stake is around $91.10 per share. This represents their average reported price* across all buy transactions

Estimated cost basis*

Weighted AVG buy price:
$91.10
Weighted AVG sell price:
$209.92

Sequoia Fund's historical trades in SAP SE

6 results
Period % of
portfolio
Shares
held after*
Reported
price*
Value* % (shares)
of activity
% change
to portfolio
2025 Q4
3.55%
528,328
$244.85
$129,362,654
-0.16% (-844)
-0.01%
2025 Q3
3.84%
529,172
$267.57
$141,588,433
-8.00% (-46,000)
-0.33%
2024 Q4
4.35%
575,172
$244.77
$140,785,630
-19.43% (-138,717)
-0.96%
2024 Q1
4.18%
713,889
$194.69
$138,986,529
-32.24% (-339,627)
-2.1%
2023 Q3
4.81%
1,053,516
$129.85
$136,800,575
-2.70% (-29,275)
-0.13%
2022 Q2
3.07%
1,082,791
$91.10
$98,640,412
new
+3.07%
* 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.