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SEQUX Sequoia

  • Fund
  • SEQUX
  • Price as of: Dec 01, 2016
  • $160.80
  • + $0.01
  • + 0.01%
  • Category
  • Large Cap Growth Equities

SEQUX - Profile

Vitals

  • YTD Return -22.4%
  • 3 Yr Annualized Return -2.4%
  • 5 Yr Annualized Return 7.3%
  • Net Assets $4.49 B
  • Holdings in Top 10 55.8%

52 WEEK LOW AND HIGH

$160.80
$156.78
$215.60

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.03%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 10.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$5,000

IRA

$2,500

Investment Themes

CATEGORY

Large Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return -22.4%
  • 3 Yr Annualized Total Return -2.4%
  • 5 Yr Annualized Total Return 7.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.42%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Sequoia Fund
  • Fund Family Name Sequoia
  • Inception Date Jul 15, 1970
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager David M. Poppe

Fund Description

The Sequoia Fund (SEQUX) is a managed mutual fund that is issued by Sequoia and advised by Ruane, Cunniff & Goldfarb Inc. The fund was launched on July, 15 1970 and was managed by Robert D. Goldfarb since 1998 and David M. Poppe since 2006. The fund has approximately $7.7 billion in assets under management (AUM).

The fund’s primary objective is to provide investors with long term growth and capital. Management of the fund seeks to invest in equity securities that they consider to be undervalued compared to the value of the total enterprise. In addition, the fund’s management seeks investments with reasonable growth potential. The fund’s portfolio includes stocks that are issued in the United States as well as international stocks. The holdings can be any size, but the fund tends to choose companies that are medium sized or larger. The majority of the holdings are in the healthcare, financial services and industrial goods sectors. The fund is not required to be fully invested. Typically, this fund holds about 10-25 holdings at one time. These companies tend to consist of market leading companies that are considered undervalued at the time of purchase.

Management of the fund will tend to sell holdings if they show deteriorating fundamentals, if they missed analysts’ expectations or if their valuation appears to be excessive. This fund is subject to general stock market risks as well as market risk, value investing risk, foreign stock risk, currency risks, small-cap risk and management risks. Investors should also be aware that this fund is non-diversified, which lifts the overall risk of the fund.

The fund requires an initial investment of at least $5,000 for regular accounts and $2,500 for IRA accounts. Each additional investment requires a minimum $500 deposit.

SEQUX - Performance

Return Ranking - Trailing

Period SEQUX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -22.4% -97.0% 130.0% 93.09% 5
1 Yr -12.0% -52.0% 75.7% 97.09% 5
3 Yr -2.4% * -15.1% 30.2% 98.08% 5
5 Yr 7.3% * 3.7% 17.1% 96.65% 5
10 Yr 5.4% * -0.3% 11.5% 83.78% 5

* Annualized


Return Ranking - Calendar

Period SEQUX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -11.8% -52.0% 11.4% 81.38% 5
2014 5.4% -40.3% 19.3% 24.46% 2
2013 32.4% -11.8% 56.4% 24.20% 2
2012 15.7% -21.6% 29.1% 30.14% 2
2011 12.5% -36.6% 14.5% 0.18% 1

Total Return Ranking - Trailing

Period SEQUX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -22.4% -97.0% 135.1% 93.52% 5
1 Yr -12.0% -71.3% 2606.2% 97.40% 5
3 Yr -2.4% * -21.9% 43.7% 98.86% 5
5 Yr 7.3% * 2.5% 17.1% 95.81% 5
10 Yr 5.4% * -0.6% 11.5% 81.95% 5

* Annualized


Total Return Ranking - Calendar

Period SEQUX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -11.8% -38.0% 19.0% 94.01% 5
2014 7.6% -17.3% 28.8% 81.44% 5
2013 36.2% -2.9% 382.6% 79.97% 5
2012 16.6% -13.0% 615.0% 80.33% 5
2011 14.1% -100.0% 67.8% 1.71% 1

NAV & Total Return History

SEQUX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

SEQUX Category Low Category High SEQUX % Rank Quintile
Net Assets 4.49 B 373 K 143 B 4.05% 1
Number of Holdings 33 1 2209 11.44% 5
Net Assets in Top 10 2.6 B 0 36 B 2.25% 1
Weighting of Top 10 55.8% 0.0% 150.9% 2.89% 1

Top 10 Holdings

  1. Berkshire Hathaway Inc A 8.84%
  2. TJX Companies Inc 7.14%
  3. Fastenal Co 4.33%
  4. Berkshire Hathaway Inc B 7.07%
  5. O'Reilly Automotive Inc 4.96%
  6. Mastercard Inc A 6.49%
  7. Mohawk Industries Inc 4.90%
  8. Rolls-Royce Holdings PLC 3.74%
  9. Constellation Software Inc 4.08%
  10. Dentsply Sirona Inc 4.21%

Asset Allocation

Weighting Category Low Category High SEQUX % Rank Quintile
Stocks
88.37% 0.00% 110.73% 20.69% 5
Cash
10.19% -10.73% 100.00% 1.41% 1
Bonds
1.43% -0.14% 76.74% 1.74% 1
Convertible Bonds
0.00% 0.00% 3.55% 0.77% 5
Preferred Stocks
0.00% 0.00% 5.54% 2.57% 5
Other
0.00% -1.57% 24.55% 8.23% 5

Stock Sector Breakdown

Weighting Category Low Category High SEQUX % Rank Quintile
Financial Services
27.96% -2.38% 33.61% 0.84% 1
Consumer Cyclical
25.58% -2.22% 49.24% 1.61% 1
Industrials
12.83% -0.37% 25.68% 5.98% 1
Technology
9.98% -1.29% 53.81% 29.11% 5
Healthcare
7.97% -1.03% 91.28% 25.64% 5
Basic Materials
3.20% -1.18% 12.25% 7.71% 2
Consumer Defense
0.86% -1.43% 27.63% 25.96% 5
Energy
0.00% -1.24% 16.17% 21.66% 5
Communication Services
0.00% 0.00% 12.93% 20.05% 5
Real Estate
0.00% -0.04% 11.06% 13.95% 5
Utilities
0.00% -0.64% 12.13% 8.16% 5

Stock Geographic Breakdown

Weighting Category Low Category High SEQUX % Rank Quintile
US
76.76% 0.00% 110.73% 26.35% 5
Non US
11.61% 0.00% 89.90% 3.53% 1

Bond Sector Breakdown

Weighting Category Low Category High SEQUX % Rank Quintile
Cash & Equivalents
10.19% -11.32% 100.00% 1.55% 1
Corporate
1.43% -0.14% 51.31% 1.74% 1
Securitized
0.00% 0.00% 15.17% 0.71% 5
Derivative
0.00% -5.28% 10.62% 0.52% 5
Municipal
0.00% 0.00% 5.83% 0.58% 5
Government
0.00% 0.00% 28.25% 2.00% 5

Bond Geographic Breakdown

Weighting Category Low Category High SEQUX % Rank Quintile
Non US
1.43% 0.00% 42.95% 0.77% 1
US
0.00% -24.92% 63.33% 3.08% 5

SEQUX - Expenses

Operational Fees

SEQUX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.03% 0.00% 24.91% 12.48% 2
Management Fee 1.00% 0.00% 1.50% 0.77% 5
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 1.00% N/A N/A

Sales Fees

SEQUX Fees (% of AUM) Category Low Category High SEQUX Rank Quintile
Front Load N/A 1.50% 8.50% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

SEQUX Fees (% of AUM) Category Low Category High SEQUX Rank Quintile
Max Redemption Fee N/A 0.05% 5.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SEQUX Fees (% of AUM) Category Low Category High SEQUX Rank Quintile
Turnover 10.00% 0.00% 601.00% 13.89% 1

SEQUX - Distributions

Dividend Yield Analysis

SEQUX Category Low Category High SEQUX % Rank Quintile
Dividend Yield N/A 0.00% 2.85% N/A N/A

Dividend Distribution Analysis

SEQUX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

SEQUX Category Low Category High SEQUX % Rank Quintile
Net Income Ratio -0.42% -7.69% 3.70% 12.99% 4

Capital Gain Distribution Analysis

SEQUX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

SEQUX - Managers

David M. Poppe

Manager

Start Date

May 01, 2006

Tenure

10.51

Tenure Rank

3.6%

Mr. Poppe is president and director of Ruane, Cunniff & Goldfarb, with which he has been associated for more than six years.


John B Harris

Manager

Start Date

May 18, 2016

Tenure

0.45

Tenure Rank

12.4%

Analyst of Ruane, Cunniff & Goldfarb,


Arman Gokgol-Kline

Manager

Start Date

May 18, 2016

Tenure

0.45

Tenure Rank

12.4%

Analyst of Ruane, Cunniff & Goldfarb


Trevor Magyar

Manager

Start Date

May 18, 2016

Tenure

0.45

Tenure Rank

12.4%

Analyst of Ruane, Cunniff & Goldfarb


David C Sheridan

Manager

Start Date

May 18, 2016

Tenure

0.45

Tenure Rank

12.4%

Analyst of Ruane, Cunniff & Goldfarb


Tenure Analysis

Category Low

0.0

Category High

48.9

Category Average

7.16

Category Mode

4.8