Ruane, Cunniff & Goldfarb - Sequoia Fund 13F Activity & Position Changes (Q3 2020)

As of Sep 30, 2020, the Sequoia Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 16, 2020. 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 2020, the filing reported:

New Buys - Fidelity National Information S, Intercontinental Exchange Inc.

Increases - Credit Acceptance Corporation, Liberty Media Corporation - Ser, UnitedHealth Group Incorporated

Reductions - American Electric Power Company, Amazon.com, Inc., Arista Networks, Inc., Angi Inc., Builders FirstSource, Inc., and 17 more

Complete Exits - Alibaba Group Holding Limited, Edison International, JD.com, Inc.

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 2020	AEP American Electric Power Company	American Electric Power Company	Sell	-2,920	-43.7%	$308.00	3,766
Q3 2020	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-114,651	-99.4%	$2.18K	692
Q3 2020	ANET Arista Networks, Inc.	Arista Networks, Inc.	Sell	-29,235	-1.5%	$403.26K	1,948,767
Q3 2020	ANGI Angi Inc.	Angi Inc.	Sell	-2,402	-16.4%	$136.00	12,272
Q3 2020	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Sell - Position Exit	-1,945	-100.0%	$0.00	-
Q3 2020	BLDR Builders FirstSource, Inc.	Builders FirstSource, Inc.	Sell	-101	-0.1%	$2.59K	79,461
Q3 2020	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-25	-2.4%	$320.96K	1,003
Q3 2020	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-8,855	-0.8%	$233.60K	1,097,045
Q3 2020	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Buy	+85,063	+7.1%	$437.28K	1,291,276
Q3 2020	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-21,545	-0.8%	$346.52K	2,792,692
Q3 2020	EIX Edison International	Edison International	Sell - Position Exit	-7,868	-100.0%	$0.00	-
Q3 2020	FIS Fidelity National Information S	Fidelity National Information S	Buy - Position Entry	+1,950,190	-	$287.09K	1,950,190
Q3 2020	FWONK Liberty Media Corporation - Ser	Liberty Media Corporation - Ser	Buy	+350,625	+3.4%	$383.72K	10,579,595
Q3 2020	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-56,024	-10.9%	$673.23K	458,102
Q3 2020	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-32,383	-13.0%	$316.28K	215,800
Q3 2020	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Buy - Position Entry	+3,484,355	-	$348.61K	3,484,355
Q3 2020	JD JD.com, Inc.	JD.com, Inc.	Sell - Position Exit	-12,000	-100.0%	$0.00	-
Q3 2020	KMX CarMax Inc	CarMax Inc	Sell	-151,090	-2.2%	$604.62K	6,578,390
Q3 2020	KO Coca-Cola Company (The)	Coca-Cola Company (The)	Sell	-4,991	-47.3%	$274.00	5,559
Q3 2020	LBRDA Liberty Broadband Corporation	Liberty Broadband Corporation	Sell	-10,026	-1.0%	$137.52K	969,746
Q3 2020	LBRDK Liberty Broadband Corporation	Liberty Broadband Corporation	Sell	-43,969	-2.0%	$312.62K	2,188,128
Q3 2020	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-2,391	-0.2%	$336.66K	995,537
Q3 2020	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-36,651	-1.6%	$590.76K	2,255,668
Q3 2020	PG Procter & Gamble Company (The)	Procter & Gamble Company (The)	Sell	-1,898	-36.9%	$451.00	3,246
Q3 2020	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Sell	-229,202	-2.3%	$348.04K	9,606,264
Q3 2020	TSM Taiwan Semiconductor Manufactur	Taiwan Semiconductor Manufactur	Sell	-79,356	-1.2%	$547.07K	6,748,099
Q3 2020	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Buy	+412,062	+28.7%	$575.53K	1,846,017
Q3 2020	UNP Union Pacific Corporation	Union Pacific Corporation	Sell	-1,303	-38.8%	$405.00	2,057
Q3 2020	V Visa Inc.	Visa Inc.	Sell	-28,011	-5.0%	$106.12K	530,691
Q3 2020	W Wayfair Inc.	Wayfair Inc.	Sell	-633,438	-21.3%	$679.63K	2,335,414