N-PORT filing recap · September 2021

What did Sequoia Fund buy in September 2021?

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

Stock value

$4.76B

Positions

Estimated turnover

19.6%

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

UMGUniversal Music Group NV$195.54Mreported value+7.30M shares

Increased positions

METAMeta Platforms, Inc.$328.27Mreported value+80.9K shares+9.1%KMXCarmax, Inc.$320.95Mreported value+128.1K shares+5.4%TSMTaiwan Semiconductor Manufacturing$277.37Mreported value+410.3K shares+19.8%WWayfair Inc.$212.78Mreported value+376.2K shares

Reduced positions

CACCCredit Acceptance Corp$269.25Mreported value-109.2K shares-19.2%GOOGAlphabet Inc.$105.76Mreported value-11.2K shares-22.0%BRK.BBerkshire Hathaway Inc$26.23Mreported value-145.0K shares-60.1%

Exited positions

VIVVivendi SE$180.83Mprior reported value-5.38M shares-100.0%FISFidelity National Information Services, Inc.$99.02Mprior reported value-699.0K shares-100.0%ANETArista Networks, Inc.$78.36Mprior reported value-216.3K shares-100.0%HSXHiscox Ltd$19.84Mprior reported value-1.72M shares