Ruane, Cunniff LP, an investment adviser managing Sequoia Strategy, released its Q4 2025 investor letter. A copy of the letter can be downloaded here. Sequoia Strategy returned 9% in Q4 compared to 2.7% for the S&P 500 Index. The Strategy delivered a return of 21.9% in 2025 versus 17.9% for the Index. In a year characterized by both strength and volatility, the Strategy outperformed the Index. The firm strives to invest in high-quality, fundamentally and financially strong businesses at reasonable prices. The Strategy is concentrated while it covers a wide range of sectors, business styles, and regions. Please review the Strategy’s top five holdings to gain insights into their key selections for 2025.
In its fourth-quarter 2025 investor letter, Sequoia Strategy highlighted stocks such as MSA Safety Incorporated (NYSE:MSA). The Strategy added MSA Safety Incorporated (NYSE:MSA), a leading manufacturer of workplace safety equipment, to its portfolio during the quarter. On February 6, 2026, MSA Safety Incorporated (NYSE:MSA) stock closed at $193.07 per share. One-month return of MSA Safety Incorporated (NYSE:MSA) was 11.17%, and its shares are up 17.03% over the past twelve months. MSA Safety Incorporated (NYSE:MSA) has a market capitalization of $7.617 billion.
Sequoia Strategy stated the following regarding MSA Safety Incorporated (NYSE:MSA) in its fourth quarter 2025 investor letter:
“Notable new positions added this past year included MSA Safety Incorporated (NYSE:MSA), Accenture Plc, and Align Technology, Inc. We introduce each of these investments below.
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