Sequoia Fund Q1 2018 Investor Letter

Summary

• Includes detailed analysis of Sequoia Fund's positions in VIVEF, NAPRF, LBRDA, FB.
• For the first quarter of 2018., Sequoia Fund generated a total return of 1.28% net of fees, versus a negative 0.76% return for the Standard and Poor's 500 index.
• During the quarter we added four new investments, trimmed several holdings and exited two positions.

Comments

[vooch]

Hmm - I’m doing better than Sequioa ?

[hksche2000]

Same here, up nearly 5% for Q1 and >30% for the year.

[Value Investigator]

The smart money is buying Facebook.

[bs3415]

Good insight... if you bought at high 140’s low 150’s you gotta feel good! Wait till earning at the end of the month! They are going to kill it!

[TTNW]

Next earning report will be good since existing ad sales are not affected.(Caveat: unless they sink a lot of profits into provision for lawsuits, fines and related damages). What will drive share price is the outlook for future quarters. I suspect with the current adverse spotlights, no way they can or will paint a rosy picture. So after ER, the stock will tank and offer a better entry point for long term investors.

[Antiochus]

Simple analysis , and yet smart. They have positions in facebook, Amazon, google, and Tencent via naspers