Sequoia Fund’s 2019 Q3 Investor Letter

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 and offered commentary on some of its exits and initiations for the quarter.

You can download a copy of the letter here. This is not the first time we have reported on the activities of the fund, check out some of our previous coverage here.