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

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Mani
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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 30th 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…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports