A mutual fund advised by Ruane Cunniff & Goldfarb LLC, Sequoia Fund, recently released its Q3 2019 Investor Letter, a copy of which you can track down below.
In the third quarter of 2019, Seqioia Fund managed to produce a total return of 0.71% net of fees, versus a 1.70% return for the S&P 500 Index. Year-to-date through September 30, 2019, the fund managed to produce a 21.85% total return versus 20.55% for the Index.
The fund laid out its Top 10 holdings in the latest quarterly letter...
