N-PORT filing recap · September 2023

What did Sequoia Fund buy in September 2023?

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

Stock value

$2.85B

Positions

Estimated turnover

4.3%

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

FWONKLiberty Media CorporationMIXED CORP ACTION$171.09Mreported value+2.75M shares LLYVKLiberty Media Corporation$3.77Mreported value+117.5K shares BATRKAtlanta Braves Holdings, Inc.$2.89Mreported value+80.8K shares FWONALiberty Media CorporationMIXED CORP ACTION$2.39Mreported value+42.3K shares LLYVALiberty Media Corporation$57.8Kreported value+1.8K shares CSU-REURConstellation Software Inc$365reported value+99.4K shares

Reduced positions

UMGUniversal Music Group NV$202.19Mreported value-214.9K shares-2.7%CSUConstellation Software Inc.$199.18Mreported value-5.7K shares-5.6%GOOGLAlphabet Inc.$196.06Mreported value-188.6K shares-11.2%ICEIntercontinental Exchange, Inc.$193.49Mreported value-48.9K shares

Exited positions

FWONKLiberty Media CorporationMIXED CORP ACTION$212.48Mprior reported value-2.82M shares-100.0%FWONALiberty Media CorporationMIXED CORP ACTION$2.94Mprior reported value-43.5K shares-100.0%