N-PORT filing recap · March 2020

What did Sequoia Fund buy in March 2020?

Reported stock-position changes between this filing and the previous one.

Stock value

$2.91B

Positions

Estimated turnover

16.5%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

UNHUnitedHealth Group Incorporated$125.90Mreported value+504.9K shares

Increased positions

KMXCarmax, Inc.$176.96Mreported value+451.8K shares+15.9%ANETArista Networks, Inc.$144.41Mreported value+85.7K shares+13.7%SCHWSchwab Charles Corp$142.07Mreported value+1.08M shares+34.4%ERFEurofins Scientific SE$115.95Mreported value+673 shares

Reduced positions

GOOGAlphabet Inc.$208.41Mreported value-35.5K shares-16.5%CSUConstellation Software Inc.$173.85Mreported value-8.3K shares-4.2%MAMastercard Inc$146.33Mreported value-95.3K shares-13.6%METAMeta Platforms, Inc.$135.80Mreported value-23.3K shares