-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RK96yIdKXZ+QH1mnbfHSzaBqSThuOGcZWF0o/kIXNM3B5pLf37oGCgFhmroctK/O 1y6hsFPvnsODDVMTX3cgpw== 0000089043-03-000004.txt : 20030220 0000089043-03-000004.hdr.sgml : 20030220 20030220143312 ACCESSION NUMBER: 0000089043-03-000004 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021231 FILED AS OF DATE: 20030220 EFFECTIVENESS DATE: 20030220 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEQUOIA FUND INC CENTRAL INDEX KEY: 0000089043 IRS NUMBER: 132663968 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-01976 FILM NUMBER: 03574137 BUSINESS ADDRESS: STREET 1: 767 FIFTH AVE STREET 2: SUITE 4701 CITY: NEW YORK STATE: NY ZIP: 10153-4798 BUSINESS PHONE: 2128325280 MAIL ADDRESS: STREET 1: 767 FIFTH AVE STREET 2: SUITE 4701 CITY: NEW YORK STATE: NY ZIP: 10153-4798 FORMER COMPANY: FORMER CONFORMED NAME: CIMARRON FUND INC DATE OF NAME CHANGE: 19700625 NSAR-B 1 answer.fil PAGE 1 000 B000000 12/31/2002 000 C000000 0000089043 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 SEQUOIA FUND INC 001 B000000 811-1976 001 C000000 2128325280 002 A000000 767 FIFTH AVENUE SUITE 4701 002 B000000 NEW YORK 002 C000000 NY 002 D010000 10153 002 D020000 4798 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 013 A000001 PRICEWATERHOUSE COOPERS LLP 013 B010001 NEW YORK 013 B020001 NY 013 B030001 10036 015 A000001 BANK OF NEW YORK 015 B000001 C 015 C010001 NEW YORK 015 C020001 NY 015 C030001 10286 015 E010001 X 018 000000 Y 019 A000000 N 019 B000000 0 020 A000001 RUANE CUNNIFF & CO INC 020 B000001 13-2628641 020 C000001 399 020 C000002 0 020 C000003 0 PAGE 2 020 C000004 0 020 C000005 0 020 C000006 0 020 C000007 0 020 C000008 0 020 C000009 0 020 C000010 0 021 000000 399 022 A000001 MIZUHO SECURITIES USA INC 022 B000001 36-2880742 022 C000001 1624570 022 D000001 0 022 A000002 BANK OF NEW YORK 022 B000002 13-5160382 022 C000002 988953 022 D000002 275897 022 A000003 RUANE CUNNIFF & CO INC 022 B000003 13-2628641 022 C000003 0 022 D000003 160908 022 A000004 HELFANT AND COMPANY 022 B000004 95-4568793 022 C000004 0 022 D000004 9059 022 C000005 0 022 D000005 0 022 C000006 0 022 D000006 0 022 C000007 0 022 D000007 0 022 C000008 0 022 D000008 0 022 C000009 0 022 D000009 0 022 C000010 0 022 D000010 0 023 C000000 2613523 023 D000000 445864 025 D000001 0 025 D000002 0 025 D000003 0 025 D000004 0 025 D000005 0 025 D000006 0 025 D000007 0 025 D000008 0 027 000000 Y 028 A010000 18797 028 A020000 0 028 A030000 0 028 A040000 24851 PAGE 3 028 B010000 11530 028 B020000 0 028 B030000 0 028 B040000 23105 028 C010000 9875 028 C020000 0 028 C030000 0 028 C040000 9575 028 D010000 13894 028 D020000 0 028 D030000 0 028 D040000 201724 028 E010000 10027 028 E020000 0 028 E030000 0 028 E040000 14632 028 F010000 7956 028 F020000 2990 028 F030000 0 028 F040000 33383 028 G010000 72079 028 G020000 2990 028 G030000 0 028 G040000 307270 028 H000000 0 029 000000 N 030 A000000 0 030 B000000 0.00 030 C000000 0.00 031 A000000 0 031 B000000 0 032 000000 0 033 000000 0 034 000000 N 035 000000 0 036 B000000 0 037 000000 N 038 000000 0 039 000000 N 040 000000 N 042 A000000 0 042 B000000 0 042 C000000 0 042 D000000 0 042 E000000 0 042 F000000 0 042 G000000 0 042 H000000 0 043 000000 0 044 000000 0 048 000000 0.000 PAGE 4 048 A010000 0 048 A020000 0.000 048 B010000 0 048 B020000 0.000 048 C010000 0 048 C020000 0.000 048 D010000 0 048 D020000 0.000 048 E010000 0 048 E020000 0.000 048 F010000 0 048 F020000 0.000 048 G010000 0 048 G020000 0.000 048 H010000 0 048 H020000 0.000 048 I010000 0 048 I020000 0.000 048 J010000 0 048 J020000 0.000 048 K010000 0 048 K020000 0.000 061 000000 0 062 A000000 N 062 B000000 0.0 062 C000000 0.0 062 D000000 0.0 062 E000000 0.0 062 F000000 0.0 062 G000000 0.0 062 H000000 0.0 062 I000000 0.0 062 J000000 0.0 062 K000000 0.0 062 L000000 0.0 062 M000000 0.0 062 N000000 0.0 062 O000000 0.0 062 P000000 0.0 062 Q000000 0.0 062 R000000 0.0 063 A000000 0 063 B000000 0.0 066 A000000 Y 066 B000000 N 066 C000000 N 066 D000000 Y 066 E000000 N 066 F000000 N 066 G000000 N 067 000000 N PAGE 5 068 A000000 N 068 B000000 N 069 000000 N 071 A000000 263367 071 B000000 483273 071 C000000 3342074 071 D000000 8 072 A000000 12 072 B000000 14187 072 C000000 14846 072 D000000 0 072 E000000 14 072 F000000 41618 072 G000000 0 072 H000000 0 072 I000000 393 072 J000000 80 072 K000000 0 072 L000000 0 072 M000000 181 072 N000000 0 072 O000000 0 072 P000000 0 072 Q000000 0 072 R000000 30 072 S000000 66 072 T000000 0 072 U000000 0 072 V000000 0 072 W000000 193 072 X000000 42561 072 Y000000 793 072 Z000000 -12721 072AA000000 137518 072BB000000 0 072CC010000 0 072CC020000 237620 072DD010000 353 072DD020000 0 072EE000000 4997 073 A010000 0.0108 073 A020000 0.0000 073 B000000 0.1587 073 C000000 0.0000 074 A000000 1759 074 B000000 0 074 C000000 692603 074 D000000 0 074 E000000 0 074 F000000 3229614 074 G000000 0 PAGE 6 074 H000000 0 074 I000000 0 074 J000000 402 074 K000000 0 074 L000000 2228 074 M000000 42 074 N000000 3926648 074 O000000 17063 074 P000000 0 074 Q000000 0 074 R010000 0 074 R020000 0 074 R030000 0 074 R040000 4449 074 S000000 0 074 T000000 3905136 074 U010000 30838 074 U020000 0 074 V010000 126.63 074 V020000 0.00 074 W000000 0.0000 074 X000000 14369 074 Y000000 0 075 A000000 0 075 B000000 4165675 076 000000 0.00 077 A000000 Y 077 B000000 Y 077 C000000 N 077 D000000 N 077 E000000 N 077 F000000 N 077 G000000 N 077 H000000 N 077 I000000 N 077 J000000 N 077 K000000 N 077 L000000 N 077 M000000 N 077 N000000 N 077 O000000 N 077 P000000 N 077 Q010000 N 077 Q020000 N 077 Q030000 N 078 000000 N 080 A000000 VIGILANT INSURANCE COMPANY 080 C000000 15000 081 A000000 N 081 B000000 0 082 A000000 Y PAGE 7 082 B000000 150 083 A000000 N 083 B000000 0 084 A000000 N 084 B000000 0 085 A000000 Y 085 B000000 N 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 SIGNATURE ROBERT D GOLDFARB TITLE PRESIDENT Report of Independent Accountants To the Board of Directors and Shareholders of Sequoia Fund, Inc In planning and performing our audit of the financial statements of Sequoia Fund, Inc. (the "Fund") for the year ended December 31, 2002, we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on internal control. The management of the Company is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity?s objective of preparing financial statements for external purposes that are fairly presented in conformity with generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use or disposition. Because of inherent limitations in internal control, errors or fraud may occur and not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that controls may become inadequate because of changes in conditions or that the effectiveness of their design and operation may deteriorate. Our consideration of internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of December 31, 2002. This report is intended solely for the information and use of the Board of Directors, management and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/ PricewaterhouseCoopers LLP New York, New York January 22, 2003 -----END PRIVACY-ENHANCED MESSAGE-----