Ruane Cunniff Launches Sequoia ETF with $6.6 Billion in Assets
Ruane Cunniff LP has launched the Sequoia ETF (NYSE: SEQ), a new actively-managed exchange-traded fund that consolidates its legacy Sequoia Fund and most of its taxable separate accounts into one portfolio, totaling approximately $6.6 billion. The firm highlights this as one of the largest active ETF launches to date. The ETF continues Ruane Cunniff's long-standing investment philosophy—focusing on a concentrated group of high-quality businesses held over time—to build wealth for investors. The Sequoia Fund was originally launched in 1970 and has delivered an annualized return of 13.3% net of fees through September 2026, outperforming the S&P 500's 11.6%. The ETF is managed by Ruane Cunniff’s Investment Committee—Arman Gokgol-Kline, John Harris, and Trevor Magyar—who have overseen the strategy since June 30, 2016. The transition to an ETF structure aims to offer greater tax efficiency for long-term investors while maintaining the same investment approach. The reorganization was completed on October 16, 2026, converting Sequoia Fund shareholders and separate account clients into Sequoia ETF holders. The firm emphasizes that this move aligns with its commitment to serving patient owners through a modern vehicle designed for long-term wealth accumulation.
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