N-PORT filing recap · June 2023

What did Sequoia Fund buy in June 2023?

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

Stock value

$2.97B

Positions

Estimated turnover

11.9%

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.

Increased positions

SCHWSchwab Charles Corp$173.76Mreported value+427.2K shares+16.2%ELVElevance Health, Inc.$152.38Mreported value+47.3K shares+16.0%COFCapital One Financial Corp$132.94Mreported value+217.7K shares+21.8%LBRDKLiberty Broadband Corporation$83.87Mreported value+261.7K shares+33.3%

Reduced positions

GOOGLAlphabet Inc.$201.91Mreported value-273.0K shares-13.9%RRRolls-Royce Holdings Plc$123.13Mreported value-7.06M shares-9.9%METAMeta Platforms, Inc.$94.93Mreported value-129.5K shares-28.1%

Exited positions

MUMicron Technology, Inc.$101.58Mprior reported value-1.68M shares-100.0%NFLXNetflix, Inc.$77.79Mprior reported value-225.2K shares-100.0%