N-PORT filing recap · June 2022

What did Sequoia Fund buy in June 2022?

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

Stock value

$3.21B

Positions

Estimated turnover

13.0%

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

SAPSap SE$98.64Mreported value+1.08M shares

Increased positions

ICEIntercontinental Exchange, Inc.$169.98Mreported value+569.7K shares+46.0%NFLXNetflix, Inc.$124.43Mreported value+225.2K shares+46.3%WWayfair Inc.$74.21Mreported value+534.3K shares+45.7%

Reduced positions

UNHUnitedHealth Group Incorporated$238.95Mreported value-158.4K shares-25.4%SCHWSchwab Charles Corp$166.70Mreported value-171.3K shares-6.1%ELVElevance Health, Inc.$165.57Mreported value-260.6K shares-43.2%CSUConstellation Software Inc.$165.42Mreported value-6.9K shares