SEQUX: Sequoia

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SEQUX Sequoia

  • Fund
  • SEQUX
  • Price as of: Nov 15, 2019
  • $160.46 + $1.10 + 0.69%

SEQUX - Profile

Vitals

  • YTD Return 21.4%
  • 3 Yr Annualized Return -2.5%
  • 5 Yr Annualized Return -6.8%
  • Net Assets $3.92 B
  • Holdings in Top 10 54.6%

52 WEEK LOW AND HIGH

$160.46
$125.09
$163.29

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.11%

SALES FEES

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

BROKERAGE FEES

  • Turnover 27.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$5,000

IRA

$2,500

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 21.4%
  • 3 Yr Annualized Total Return -2.5%
  • 5 Yr Annualized Total Return -6.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.42%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 Arman Gokgol-Kline

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 (%)
YTD 21.4% -46.2% 64.6% 22.53%
1 Yr -7.1% -95.3% 66.3% 87.32%
3 Yr -2.5%* -62.4% 38.0% 86.49%
5 Yr -6.8%* -45.7% 27.4% 92.22%
10 Yr 3.7%* -14.3% 32.1% 76.88%

* Annualized


Return Ranking - Calendar

Period SEQUX Return Category Return Low Category Return High Rank in Category (%)
2018 -22.0% -100.0% 23.6% 87.01%
2017 5.1% -55.3% 69.8% 62.40%
2016 -22.2% -56.6% 80.1% 98.94%
2015 -11.8% -50.8% 22.5% 74.67%
2014 5.4% -87.7% 249.9% 30.29%

Total Return Ranking - Trailing

Period SEQUX Return Category Return Low Category Return High Rank in Category (%)
YTD 21.4% -46.2% 64.6% 22.53%
1 Yr -7.1% -44.6% 66.3% 89.50%
3 Yr -2.5%* -35.6% 38.0% 90.30%
5 Yr -6.8%* -32.3% 27.4% 96.38%
10 Yr 3.7%* -14.3% 32.1% 84.95%

* Annualized


Total Return Ranking - Calendar

Period SEQUX Return Category Return Low Category Return High Rank in Category (%)
2018 -22.0% -100.0% 23.6% 91.39%
2017 5.1% -55.3% 69.8% 75.69%
2016 -22.2% -56.6% 80.1% 98.94%
2015 -11.8% -50.8% 30.8% 85.71%
2014 5.4% -87.7% 249.9% 51.04%

NAV & Total Return History

SEQUX - Holdings

Concentration Analysis

SEQUX Category Low Category High SEQUX % Rank
Net Assets 3.92 B 491 K 102 B 13.51%
Number of Holdings 28 2 6176 85.51%
Net Assets in Top 10 2.13 B -642 M 25.8 B 13.35%
Weighting of Top 10 54.55% 0.0% 20474.3% 22.16%

Top 10 Holdings

  1. CarMax Inc 8.03%

  2. Alphabet Inc Class C 7.14%

  3. Berkshire Hathaway Inc A 6.04%

  4. Constellation Software Inc 5.11%

  5. Jacobs Engineering Group Inc 4.98%

  6. Mastercard Inc A 4.88%

  7. Liberty Formula One Group C 4.85%

  8. Credit Acceptance Corp 4.85%

  9. Alphabet Inc A 4.50%

  10. Rolls-Royce Holdings PLC 4.17%


Asset Allocation

Weighting Return Low Return High SEQUX % Rank
Stocks
93.18% -18.38% 101.23% 21.59%
Cash
4.05% -6.52% 7388.76% 81.11%
Other
2.77% -7288.76% 38.16% 9.38%
Preferred Stocks
0.00% -0.48% 19.87% 94.74%
Convertible Bonds
0.00% 0.00% 16.29% 93.47%
Bonds
0.00% -11.97% 42.16% 93.04%

Stock Sector Breakdown

Weighting Return Low Return High SEQUX % Rank
Consumer Cyclical
27.44% -18.86% 290.60% 3.47%
Financial Services
23.96% -23.60% 71.54% 6.51%
Technology
22.80% -90.00% 73.59% 17.95%
Industrials
11.55% -24.82% 58.12% 18.23%
Communication Services
4.06% -92.49% 42.32% 20.26%
Consumer Defense
2.31% -66.89% 53.36% 64.40%
Utilities
0.00% -18.94% 75.11% 87.70%
Real Estate
0.00% -42.91% 52.16% 89.29%
Healthcare
0.00% -12.85% 79.31% 97.11%
Energy
0.00% -7.00% 96.18% 93.20%
Basic Materials
0.00% -35.69% 71.11% 94.93%

Stock Geographic Breakdown

Weighting Return Low Return High SEQUX % Rank
US
72.75% -24.97% 84.31% 46.31%
Non US
20.43% -40.71% 100.29% 7.67%

SEQUX - Expenses

Operational Fees

SEQUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.11% 0.04% 11.84% 74.82%
Management Fee 1.00% 0.00% 2.94% 71.77%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.12% N/A

Sales Fees

SEQUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SEQUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 27.00% 0.00% 5191.00% 29.40%

SEQUX - Distributions

Dividend Yield Analysis

SEQUX Category Low Category High SEQUX % Rank
Dividend Yield 0.00% 0.00% 14.24% 98.87%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

SEQUX Category Low Category High SEQUX % Rank
Net Income Ratio -0.42% -8.87% 4.47% 76.28%

Capital Gain Distribution Analysis

SEQUX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Semi-Annually

SEQUX - Managers

Arman Gokgol-Kline

Manager

Start Date

Tenure

Tenure Rank

May 18, 2016

3.45

3.5%

Analyst of Ruane, Cunniff & Goldfarb


David C Sheridan

Manager

Start Date

Tenure

Tenure Rank

May 18, 2016

3.45

3.5%

Analyst of Ruane, Cunniff & Goldfarb


John B Harris

Manager

Start Date

Tenure

Tenure Rank

May 18, 2016

3.45

3.5%

Managing Director of Ruane, Cunniff  & Goldfarb L.P.; Management Committee member of RCG-GP LLC


Trevor Magyar

Manager

Start Date

Tenure

Tenure Rank

May 18, 2016

3.45

3.5%

Analyst of Ruane, Cunniff & Goldfarb


Tenure Analysis

Category Low

0.0

Category High

40.85

Category Average

7.9

Category Mode

1.5