Sequoia Fund Comments on Mohawk Industries

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Mar 07, 2014

We trimmed two large positions during 2013. Mohawk Industries rose 65% during the year and along the way we sold a bit more than half the Fund’s stake. While we believe Mohawk is a very well-managed company that stands to benefit greatly from a recovery of the US housing market, we felt a lot of optimism about housing had become embedded in the stock price.

Source: Sequoia Fund 2013 Annual Shareholder Letter