Ruane, Cunniff & Goldfarb - Sequoia Fund 13F Activity & Position Changes (Q4 2020)

According to the SEC 13F filed on Feb 16, 2021, the Sequoia Fund portfolio showed several notable changes in holdings as of quarter-end Dec 31, 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 Q4 2020, the filing reported:

New Buys - Edison International, Equitable Holdings, Inc., Netflix, Inc., Progressive Corporation (The)

Increases - Credit Acceptance Corporation

Reductions - Amazon.com, Inc., Arista Networks, Inc., Angi Inc., Builders FirstSource, Inc., Berkshire Hathaway Inc., and 17 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
Q4 2020	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-7	-1.0%	$2.23K	685
Q4 2020	ANET Arista Networks, Inc.	Arista Networks, Inc.	Sell	-12,040	-0.6%	$562.75K	1,936,727
Q4 2020	ANGI Angi Inc.	Angi Inc.	Sell	-300	-2.4%	$158.00	11,972
Q4 2020	BLDR Builders FirstSource, Inc.	Builders FirstSource, Inc.	Sell	-1,377	-1.7%	$3.19K	78,084
Q4 2020	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-8	-0.8%	$346.08K	995
Q4 2020	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-48,523	-4.4%	$243.12K	1,048,522
Q4 2020	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Buy	+311,243	+24.1%	$554.70K	1,602,519
Q4 2020	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-24,965	-0.9%	$501.46K	2,767,727
Q4 2020	EIX Edison International	Edison International	Buy - Position Entry	+3,385	-	$213.00	3,385
Q4 2020	EQH Equitable Holdings, Inc.	Equitable Holdings, Inc.	Buy - Position Entry	+14,861	-	$380.00	14,861
Q4 2020	FIS Fidelity National Information S	Fidelity National Information S	Sell	-6,028	-0.3%	$275.02K	1,944,162
Q4 2020	FWONK Liberty Media Corporation - Ser	Liberty Media Corporation - Ser	Sell	-13,536	-0.1%	$450.11K	10,566,059
Q4 2020	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-239,640	-52.3%	$382.72K	218,462
Q4 2020	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-222	-0.1%	$377.83K	215,578
Q4 2020	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Sell	-14,762	-0.4%	$400.01K	3,469,593
Q4 2020	KMX CarMax Inc	CarMax Inc	Sell	-29,393	-0.4%	$618.62K	6,548,997
Q4 2020	LBRDA Liberty Broadband Corporation	Liberty Broadband Corporation	Sell	-4,551	-0.5%	$152.09K	965,195
Q4 2020	LBRDK Liberty Broadband Corporation	Liberty Broadband Corporation	Sell	-99,268	-4.5%	$330.81K	2,088,860
Q4 2020	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-35,767	-3.6%	$342.58K	959,770
Q4 2020	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-35,771	-1.6%	$606.39K	2,219,897
Q4 2020	NFLX Netflix, Inc.	Netflix, Inc.	Buy - Position Entry	+701,374	-	$379.25K	701,374
Q4 2020	PGR Progressive Corporation (The)	Progressive Corporation (The)	Buy - Position Entry	+2,076	-	$205.00	2,076
Q4 2020	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Sell	-271,804	-2.8%	$495.10K	9,334,460
Q4 2020	TSM Taiwan Semiconductor Manufactur	Taiwan Semiconductor Manufactur	Sell	-58,220	-0.9%	$729.46K	6,689,879
Q4 2020	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Sell	-8,400	-0.5%	$644.42K	1,837,617
Q4 2020	V Visa Inc.	Visa Inc.	Sell	-9,836	-1.9%	$113.93K	520,855
Q4 2020	W Wayfair Inc.	Wayfair Inc.	Sell	-542,605	-23.2%	$404.83K	1,792,809