Sequoia Fund Buys WPX Energy, General Mills; Sells Timken, Apache

Sequoia Fund through its investment advisor Ruane, Cunniff & Goldfarb Inc revealed in its September quarter 13F filing that it added 10 new stocks to its portfolio, bought more shares of 38 stocks and reduced holdings in 54 stocks. The top ten holdings of Sequoia Fund represent 68.97% of its portfolio. Sequoia fund has a market value of $16.84 billion.

Sequoia Fund’s major new positions

WPX Energy Inc (NYSE:WPX) was the biggest new addition to Sequoia Fund’s portfolio during the quarter ending September 30^th 2013. Sequioa purchased 2,000,000 shares of the company for $38.52 million, representing 0.23% of its portfolio. Another big new addition was General Mills, Inc. (NYSE:GIS) of which...