The Sequoia Fund is managed by a four-person Investment Committee led by Managing Director John B. Harris, alongside analysts Arman Gokgol-Kline, Trevor Magyar, and David C. Sheridan, who assumed management in June 2016. The current management team averages over 20 years of tenure at Ruane Cunniff, providing deep institutional knowledge and continuity. Founded by Bill Ruane and Rick Cunniff in 1970, the fund has maintained consistent leadership through structured succession planning. The management approach emphasizes fundamental, bottom-up analysis focusing on long-term capital growth through buy-and-hold strategies, concentrated portfolio construction, and selective use of margin transactions, hedging, and derivatives when appropriate.

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The Sequoia Fund employs a business ownership approach rather than stock trading, investing with a long-term mindset to own businesses for years or decades. Founded on the principle that a carefully selected and intensively researched collection of businesses, purchased at attractive prices and held for the long term, would outperform the stock market over time. The fund focuses on things they can understand, including business quality and management competence, while maintaining excellence, humility, patience, kindness, and integrity as core values. Portfolio construction emphasizes that if attractive prices are paid for attractive businesses, portfolios should earn excess returns with limited fundamental risk, with business results driving returns more than valuation changes due to their long-term investment horizon.

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