Ruane, Cunniff & Goldfarb - Sequoia Fund 13F Activity & Position Changes (Q3 2018)

As of Sep 30, 2018, the Sequoia Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2026. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q3 2018, the filing reported:

New Buys - Apple Inc., Alibaba Group Holding Limited, CarGurus, Inc., Rimini Street, Inc.

Increases - Builders FirstSource, Inc., D.R. Horton, Inc., iQIYI, Inc., JD.com, Inc., Brasilagro Brazilian Agric Real, and 5 more

Reductions - Amazon.com, Inc., Booking Holdings Inc. Common St, Berkshire Hathaway Inc., Berkshire Hathaway Inc. New, Credit Acceptance Corporation, and 21 more

Complete Exits - None reported

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q3 2018	AAPL Apple Inc.	Apple Inc.	Buy - Position Entry	+1,000	-	$226.00	1,000
Q3 2018	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-136,758	-28.3%	$693.32K	346,141
Q3 2018	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy - Position Entry	+300,000	-	$49.43K	300,000
Q3 2018	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Sell	-3,386	-1.9%	$338.48K	170,604
Q3 2018	BLDR Builders FirstSource, Inc.	Builders FirstSource, Inc.	Buy	+2,005,517	+35.8%	$111.76K	7,612,894
Q3 2018	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-81	-2.8%	$913.60K	2,855
Q3 2018	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-59,498	-4.1%	$297.56K	1,389,778
Q3 2018	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Sell	-13,658	-1.2%	$475.98K	1,086,536
Q3 2018	CARG CarGurus, Inc.	CarGurus, Inc.	Buy - Position Entry	+5,248	-	$292.00	5,248
Q3 2018	COST Costco Wholesale Corporation	Costco Wholesale Corporation	Sell	-456	-2.2%	$4.76K	20,253
Q3 2018	DHI D.R. Horton, Inc.	D.R. Horton, Inc.	Buy	+200,000	+40.0%	$29.53K	700,000
Q3 2018	EIX Edison International	Edison International	Sell	-1,000	-3.3%	$1.97K	29,165
Q3 2018	FWONK Liberty Media Corp Formula One Group	Liberty Media Corp Formula One Group	Sell	-2,400,670	-16.0%	$468.50K	12,597,531
Q3 2018	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-11,938	-1.4%	$1.01M	842,906
Q3 2018	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-4,915	-0.6%	$996.53K	825,570
Q3 2018	IDXX IDEXX Laboratories, Inc.	IDEXX Laboratories, Inc.	Sell	-197	-11.0%	$397.00	1,592
Q3 2018	IQ iQIYI, Inc.	iQIYI, Inc.	Buy	+83,000	+13.2%	$19.30K	713,000
Q3 2018	JD JD.com, Inc.	JD.com, Inc.	Buy	+2,621,129	+43.5%	$225.71K	8,651,287
Q3 2018	KMX CarMax Inc	CarMax Inc	Sell	-207,305	-1.7%	$876.84K	11,742,799
Q3 2018	KO Coca-Cola Company (The)	Coca-Cola Company (The)	Sell	-1,000	-2.7%	$1.69K	36,630
Q3 2018	LBRDA Liberty Broadband Corporation	Liberty Broadband Corporation	Sell	-12,324	-1.1%	$95.27K	1,129,707
Q3 2018	LBRDK Liberty Broadband Corporation	Liberty Broadband Corporation	Sell	-51,539	-1.5%	$292.25K	3,466,789
Q3 2018	LND Brasilagro Brazilian Agric Real	Brasilagro Brazilian Agric Real	Buy	+5,505	+40.9%	$63.00	18,965
Q3 2018	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-615,188	-21.7%	$493.18K	2,215,460
Q3 2018	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+377,237	+15.4%	$465.06K	2,827,809
Q3 2018	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Sell	-18,634	-1.3%	$239.13K	1,363,721
Q3 2018	MTH Meritage Homes Corporation	Meritage Homes Corporation	Buy	+66,200	+15.0%	$20.28K	508,200
Q3 2018	NBIS Nebius Group	Nebius Group	Buy	+315,000	+52.9%	$29.93K	910,000
Q3 2018	OMC Omnicom Group Inc.	Omnicom Group Inc.	Sell	-3,660	-27.9%	$644.00	9,466
Q3 2018	ORLY O'Reilly Automotive, Inc.	O'Reilly Automotive, Inc.	Buy	+36	+0.3%	$4.54K	13,087

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