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 Formula One Group (NASDAQ:FWONK). Formula One Group (NASDAQ:FWONK) is a motorsports company holding commercial rights for the Fédération Internationale de l’Automobile (FIA) Formula One World Championship. On March 27, 2026, Formula One Group (NASDAQ:FWONK) closed at $81.63 per share. One-month return of Formula One Group (NASDAQ:FWONK) was -10.39%, and its shares lost 9.31% over the past 52 weeks. Formula One Group (NASDAQ:FWONK) has a market capitalization of $20.45 billion.
Sequoia Strategy stated the following regarding Formula One Group (NASDAQ:FWONK) in its fourth quarter 2025 investor letter:
“Shares of Formula One Group (NASDAQ:FWONK) returned 6% in 2025. While the total-company growth figures were pleasingly positive, they are less relevant this year because they include a boost from MotoGP World Championship (“MotoGP”), the premier global championship for motorcycle road racing, which Liberty acquired in July of last year for approximately €4.4 billion ($5.2 billion). Results were strong, though, even if we focus solely on the core Formula One business. We estimate that in 2025 Formula One will have grown revenue at over 10% and profits faster still. Formula One had the same number of races in 2025 as it did in 2024, so this growth is on a comparable basis.
At Formula One, sponsorship is where we saw the most notable revenue growth last year, as the 10-year $1.5 billion deal with LVMH went live. Across media rights and race promotion, the other two primary revenue streams for Formula One, growth for the year was in the high single digits combined…” (Click here to read the full text)
Formula One Group (NASDAQ:FWONK) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 71 hedge fund portfolios held Formula One Group (NASDAQ:FWONK) at the end of the fourth quarter, up from 62 in the previous quarter. While we acknowledge the risk and potential of Formula One Group (NASDAQ:FWONK) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Formula One Group (NASDAQ:FWONK) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Formula One Group (NASDAQ:FWONK) and shared the list of best stocks that recently issued new debt. In addition, please check out our hedge fund investor letters Q4 2025 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
