N-PORT filing recap · September 2024

What did Sequoia Fund buy in September 2024?

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

Stock value

$3.54B

Positions

Estimated turnover

3.8%

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.

Period in review

Sequoia Fund opened a new position in Amentum Holdings. It also slightly trimmed Alphabet, Schwab Charles, and Credit Acceptance, while modestly adding to Universal Music Group. The most notable reduction was a substantial cut to Carmax.

New positions

AMTMAmentum Holdings, Inc.$32.02Mreported value+992.7K shares

Increased positions

UMGUniversal Music Group NV$163.52Mreported value+136.6K shares+2.2%

Reduced positions

GOOGLAlphabet Inc.$220.40Mreported value-61.3K shares-4.4%SCHWSchwab Charles Corp$180.78Mreported value-193.4K shares-6.5%CACCCredit Acceptance Corp$116.87Mreported value-26.6K shares-9.2%KMXCarmax, Inc.$49.98Mreported value-808.6K shares