N-PORT filing recap · September 2020

What did Sequoia Fund buy in September 2020?

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

Stock value

$3.90B

Positions

Estimated turnover

13.9%

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

ICEIntercontinental Exchange, Inc.$123.85Mreported value+1.24M shares FISFidelity National Information Services, Inc.$102.89Mreported value+699.0K shares

Increased positions

UNHUnitedHealth Group Incorporated$205.23Mreported value+153.6K shares+30.4%CACCCredit Acceptance Corp$148.03Mreported value+10.8K shares+2.5%FWONKLiberty Media Corporation$139.01Mreported value+169.3K shares+4.6%MROMelrose Industries Plc$55.26Mreported value+2.19M shares

Reduced positions

WWayfair Inc.$237.45Mreported value-228.0K shares-21.8%KMXCarmax, Inc.$218.75Mreported value-4.6K shares-0.2%METAMeta Platforms, Inc.$212.73Mreported value-1.6K shares-0.2%GOOGAlphabet Inc.$204.83Mreported value-271 shares

Exited positions

AMZNAmazon.com Inc$114.14Mprior reported value-41.4K shares-100.0%