N-PORT filing recap · June 2020

What did Sequoia Fund buy in June 2020?

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

Stock value

$3.55B

Positions

Estimated turnover

26.6%

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

TSMTaiwan Semiconductor Manufacturing$138.50Mreported value+2.44M shares DISWalt Disney Co/$111.48Mreported value+999.7K shares

Increased positions

CACCCredit Acceptance Corp$178.63Mreported value+8.1K shares+1.9%VIVVivendi SE$161.89Mreported value+1.84M shares+41.0%FWONKLiberty Media Corporation$116.16Mreported value+86.2K shares+2.4%HSXHiscox Ltd$58.72Mreported value+1.84M shares

Reduced positions

KMXCarmax, Inc.$213.55Mreported value-902.7K shares-27.5%WWayfair Inc.$206.30Mreported value-816.2K shares-43.9%CSUConstellation Software Inc.$201.53Mreported value-12.8K shares-6.7%GOOGAlphabet Inc.$197.41Mreported value-39.6K shares

Exited positions

BKNGBooking Holdings Inc.$96.52Mprior reported value-71.7K shares-100.0%