Ruane, Cunniff & Goldfarb - Sequoia Fund 13F Activity & Position Changes (Q3 2019)

According to the SEC 13F filed on Aug 14, 2026, the Sequoia Fund portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2019. 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 2019, the filing reported:

New Buys - Apple Inc., JP Morgan Chase & Co.

Increases - Alphabet Inc., Meta Platforms, Inc., Wayfair Inc.

Reductions - American Electric Power Company, Amazon.com, Inc., Alibaba Group Holding Limited, Booking Holdings Inc. Common St, Builders FirstSource, Inc., and 21 more

Complete Exits - Baidu, Inc., CarGurus, Inc., Cresud S.A.C.I.F. y A., Domo, Inc., iQIYI, Inc., and 3 more

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 2019	AAPL Apple Inc.	Apple Inc.	Buy - Position Entry	+1,000	-	$224.00	1,000
Q3 2019	AEP American Electric Power Company	American Electric Power Company	Sell	-724	-5.5%	$1.16K	12,366
Q3 2019	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-77,431	-26.5%	$373.65K	215,250
Q3 2019	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Sell	-2,939,716	-99.9%	$341.00	2,038
Q3 2019	BIDU Baidu, Inc.	Baidu, Inc.	Sell - Position Exit	-200,000	-100.0%	$0.00	-
Q3 2019	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Sell	-1,712	-1.0%	$343.47K	175,009
Q3 2019	BLDR Builders FirstSource, Inc.	Builders FirstSource, Inc.	Sell	-8,600,489	-99.2%	$1.50K	72,991
Q3 2019	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-38	-1.7%	$691.96K	2,219
Q3 2019	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-16,742	-1.2%	$282.79K	1,359,451
Q3 2019	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Sell	-8,805	-0.8%	$497.99K	1,079,509
Q3 2019	CARG CarGurus, Inc.	CarGurus, Inc.	Sell - Position Exit	-605,000	-100.0%	$0.00	-
Q3 2019	COST Costco Wholesale Corporation	Costco Wholesale Corporation	Sell	-64	-2.6%	$696.00	2,415
Q3 2019	CRESY Cresud S.A.C.I.F. y A.	Cresud S.A.C.I.F. y A.	Sell - Position Exit	-643,373	-100.0%	$0.00	-
Q3 2019	DOMO Domo, Inc.	Domo, Inc.	Sell - Position Exit	-750,000	-100.0%	$0.00	-
Q3 2019	EIX Edison International	Edison International	Sell	-4,459	-23.5%	$1.09K	14,480
Q3 2019	FWONK Liberty Media Corp Formula One Group	Liberty Media Corp Formula One Group	Sell	-190,085	-1.5%	$503.04K	12,095,236
Q3 2019	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+3,211	+0.4%	$917.44K	752,617
Q3 2019	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-541,859	-66.1%	$339.83K	278,288
Q3 2019	IQ iQIYI, Inc.	iQIYI, Inc.	Sell - Position Exit	-713,000	-100.0%	$0.00	-
Q3 2019	JD JD.com, Inc.	JD.com, Inc.	Sell	-7,950,333	-99.8%	$366.00	12,986
Q3 2019	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Buy - Position Entry	+1,708	-	$201.00	1,708
Q3 2019	KMX CarMax Inc	CarMax Inc	Sell	-112,905	-1.1%	$864.49K	9,823,746
Q3 2019	KO Coca-Cola Company (The)	Coca-Cola Company (The)	Sell	-3,357	-14.7%	$1.06K	19,531
Q3 2019	LBRDA Liberty Broadband Corporation	Liberty Broadband Corporation	Sell	-8,910	-0.9%	$106.99K	1,023,590
Q3 2019	LBRDK Liberty Broadband Corporation	Liberty Broadband Corporation	Sell	-37,060	-1.2%	$325.31K	3,107,983
Q3 2019	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-602,458	-29.8%	$385.53K	1,419,626
Q3 2019	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+199,308	+9.4%	$412.28K	2,315,139
Q3 2019	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Sell	-10,926	-0.8%	$174.38K	1,405,473
Q3 2019	NBIS Nebius Group	Nebius Group	Sell - Position Exit	-2,730,000	-100.0%	$0.00	-
Q3 2019	PG Procter & Gamble Company (The)	Procter & Gamble Company (The)	Sell	-1,835	-16.7%	$1.14K	9,136

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