Sequoia Fund
Figures last verified October 31, 2026
Concentrated quality-growth investing; founded at Warren Buffett's recommendation when he closed his partnership in 1970.
Sequoia has the best founding story in the industry — Buffett personally steered his partnership clients here in 1970 — and for four decades the fund honored it, compounding through concentrated bets like its legendary Berkshire stake and closing to new investors to protect returns. Through 2015 its lifetime record stood among the finest ever assembled.
Then Valeant: a position allowed to swell past a quarter of assets, defended publicly as criticism mounted, ending in a collapse that erased years of gains and several reputations. The fund survived, restructured its team, and has performed respectably since — but the ledger now teaches both lessons at once. The same governance that permitted the Berkshire bet permitted the Valeant one. At 1.00%, new investors pay legacy pricing for a post-legacy fund. The story, at least, is free.
Students of concentration's full ledger — the triumphs and the Valeant chapter.
SEQUX alternatives & comparable funds
If you’re weighing SEQUX against the field, these are the funds most investors line it up against — same job, different provider, slightly different terms.
| Fund | Family | Expense Ratio | Minimum |
|---|---|---|---|
| SEQUX — Sequoia Fund | Sequoia | 1.00% | $5,000 |
| VIGAX — Vanguard Growth Index Fund… | Vanguard | 0.05% | $3,000 |
| PRBLX — Parnassus Core Equity Fund (Investor) | Parnassus | 0.81% | $2,000 |
| JENSX — Jensen Quality Growth Fund (Class J) | Jensen | 0.81% | $2,500 |
Frequently asked questions
What is the expense ratio of SEQUX?
SEQUX (Sequoia Fund) has an expense ratio of 1.00%, which works out to roughly $100 per year for every $10,000 invested. That is high relative to index alternatives, and it compounds against you every year, so the fund needs to outperform just to break even versus a cheaper option.
What is the minimum investment for SEQUX?
SEQUX requires a minimum initial investment of $5,000.
What does SEQUX invest in?
Concentrated quality-growth investing; founded at Warren Buffett's recommendation when he closed his partnership in 1970. It falls in the large growth category and is an actively managed fund.
What are good alternatives to SEQUX?
The funds most often compared with SEQUX are VIGAX, PRBLX, JENSX — broadly similar exposure from different providers, with small differences in fee, minimum, and portability that usually come down to which brokerage holds your account.
Expense ratio and minimum for SEQUX drawn from Sequoia fund documentation; last verified October 31, 2026. Figures change — confirm against the official prospectus before investing. This review is editorial opinion, not investment advice.