UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-1976
Exact name of registrant as specified in charter: Sequoia Fund, Inc.
Address of principal executive offices: 767 Fifth Avenue, Suite 4701
New York, NY 10153
Name and address of agent for service: Robert D. Goldfarb
c/o Sequoia Fund, Inc.
767 Fifth Avenue, Suite 4701
New York, NY 10153
Registrant's telephone number, including area code: 800-686-6884
Date of fiscal year end: 12/31/2006
Date of reporting period: 7/1/2005 - 6/30/2006
Item 1 - Proxy Voting Record
Disclose the following information for each matter relating to a portfolio
security considered at any shareholder meeting held during the period covered
by the report and with respect to which the registrant was entitled to vote:
(a) The name of the issuer of the portfolio security;
(b) The exchange ticker symbol of the portfolio security;
(c) The Council on Uniform Securities Identification Procedures ("CUSIP")
number for the portfolio security;
(d) The shareholder meeting date;
(e) A brief identification of the matter voted on;
(f) Whether the matter was proposed by the issuer or by a security holder;
(g) Whether the registrant cast its vote on the matter;
(h) How the registrant cast its vote (e.g., for or against proposal, or
abstain; for or withhold regarding election of directors); and
(i) Whether the registrant cast its vote for or against management.
(A) (B) (C) (D) (E) (F) (G) (H) (I)
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ISSUER TICKER CUSIP MEETING MATTER PROPOSED BY REGISTRANT VOTE FOR/AGAINST
DATE VOTED ON VOTED? CAST MANAGEMENT
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Berkshire Hathaway - Cl A BRK.A 084670108 05/06/06 Elect W Buffett Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/06/06 Elect C Munger Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/06/06 Elect H Buffett Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/06/06 Elect M Chace Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/06/06 Elect W Gates Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/06/06 Elect D Gottesman Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/06/06 Elect C Guyman Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/06/06 Elect D Keough Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/06/06 Elect T Murphy Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/06/06 Elect R Olson Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/06/06 Elect W Scott Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/06/06 Elect W Buffett Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/06/06 Elect C Munger Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/06/06 Elect H Buffett Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/06/06 Elect M Chace Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/06/06 Elect W Gates Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/06/06 Elect D Gottesman Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/06/06 Elect C Guyman Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/06/06 Elect D Keough Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/06/06 Elect T Murphy Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/06/06 Elect R Olson Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/06/06 Elect W Scott Issuer yes for for
Brown & Brown Inc. BRO 115236101 05/10/06 Elect J Brown Issuer yes for for
Brown & Brown Inc. BRO 115236101 05/10/06 Elect S Bell Issuer yes for for
Brown & Brown Inc. BRO 115236101 05/10/06 Elect H Brown Issuer yes for for
Brown & Brown Inc. BRO 115236101 05/10/06 Elect B Currey Issuer yes for for
Brown & Brown Inc. BRO 115236101 05/10/06 Elect J Henderson Issuer yes for for
Brown & Brown Inc. BRO 115236101 05/10/06 Elect T Hoepner Issuer yes for for
Brown & Brown Inc. BRO 115236101 05/10/06 Elect D Hughes Issuer yes for for
Brown & Brown Inc. BRO 115236101 05/10/06 Elect J Riedman Issuer yes for for
Brown & Brown Inc. BRO 115236101 05/10/06 Elect J Smith Issuer yes for for
Brown & Brown Inc. BRO 115236101 05/10/06 Elect C Varner Issuer yes for for
Costco Wholesale Corp COST 22160k105 01/25/06 Elect J Sinegal Issuer yes for for
Costco Wholesale Corp COST 22160k105 01/25/06 Elect J Brotman Issuer yes for for
Costco Wholesale Corp COST 22160k105 01/25/06 Elect R Galanti Issuer yes for for
Costco Wholesale Corp COST 22160k105 01/25/06 Elect D Evans Issuer yes for for
Costco Wholesale Corp COST 22160k105 01/25/06 Stock Incentive Plan Issuer yes for for
Costco Wholesale Corp COST 22160k105 01/25/06 Election of Directors Security holder yes against for
Costco Wholesale Corp COST 22160k105 01/25/06 Vendor Code of Cunduct Security holder yes against for
Costco Wholesale Corp COST 22160k105 01/25/06 Independent Auditors Issuer yes for for
Danaher Corp. DHR 235851102 05/02/06 Elect M Caplin Issuer yes for for
Danaher Corp. DHR 235851102 05/02/06 Elect D Ehrlich Issuer yes for for
Danaher Corp. DHR 235851102 05/02/06 Elect L Hefner Issuer yes for for
Danaher Corp. DHR 235851102 05/02/06 Elect W Lohr Issuer yes for for
Danaher Corp. DHR 235851102 05/02/06 Independent Auditors Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/03/06 Elect P Rose Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/03/06 Elect J Wang Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/03/06 Elect R Gates Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/03/06 Elect J Casey Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/03/06 Elect D Kourkoumelis Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/03/06 Elect M Malone Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/03/06 Elect J Meisenbach Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/03/06 Stock Option Plan Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/03/06 Independent Auditors Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/03/06 Equal Employment Policy Security holder yes against for
Fastenal Co FAST 311900104 04/18/06 Elect R Kierlin Issuer yes for for
Fastenal Co FAST 311900104 04/18/06 Elect S Slaggie Issuer yes for for
Fastenal Co FAST 311900104 04/18/06 Elect M Gostomski Issuer yes for for
Fastenal Co FAST 311900104 04/18/06 Elect J Remick Issuer yes for for
Fastenal Co FAST 311900104 04/18/06 Elect H McConnon Issuer yes for for
Fastenal Co FAST 311900104 04/18/06 Elect R Hansen Issuer yes for for
Fastenal Co FAST 311900104 04/18/06 Elect W Oberton Issuer yes for for
Fastenal Co FAST 311900104 04/18/06 Elect M Dolan Issuer yes for for
Fastenal Co FAST 311900104 04/18/06 Elect R Wisecup Issuer yes for for
Fastenal Co FAST 311900104 04/18/06 Independent Auditors Issuer yes for for
Gtech Holdings Corp. GTK 400518106 08/01/05 Elect P Alves Issuer yes for for
Gtech Holdings Corp. GTK 400518106 08/01/05 Elect R Hon Issuer yes for for
Gtech Holdings Corp. GTK 400518106 08/01/05 Elect A Ruys Issuer yes for for
Gtech Holdings Corp. GTK 400518106 08/01/05 Independent Auditors Issuer yes for for
Idexx Laboratories Corp. IDXX 45168D104 05/10/06 Elect W End Issuer yes for for
Idexx Laboratories Corp. IDXX 45168D104 05/10/06 Elect B Johnson Issuer yes for for
Idexx Laboratories Corp. IDXX 45168D104 05/10/06 Elect B Mckeon Issuer yes for for
Idexx Laboratories Corp. IDXX 45168D104 05/10/06 Authorized Shares Issuer yes for for
Idexx Laboratories Corp. IDXX 45168D104 05/10/06 Independent Auditors Issuer Yes for for
Intl Game Technology IGT 459902102 03/07/06 Elect N Barsky Issuer yes for for
Intl Game Technology IGT 459902102 03/07/06 Elect R Bittman Issuer yes for for
Intl Game Technology IGT 459902102 03/07/06 Elect R Burt Issuer yes for for
Intl Game Technology IGT 459902102 03/07/06 Elect L Heisz Issuer yes for for
Intl Game Technology IGT 459902102 03/07/06 Elect R Mathewson Issuer yes for for
Intl Game Technology IGT 459902102 03/07/06 Elect T Matthews Issuer yes for for
Intl Game Technology IGT 459902102 03/07/06 Elect R Miller Issuer yes for for
Intl Game Technology IGT 459902102 03/07/06 Elect F Rentschler Issuer yes for for
Intl Game Technology IGT 459902102 03/07/06 Stock Incentive Plan Issuer yes for for
Intl Game Technology IGT 459902102 03/07/06 Stock Purchase Plan Issuer yes for for
Intl Game Technology IGT 459902102 03/07/06 Independent Auditors Issuer yes for for
MasterCard Inc MA 57636Q104 07/18/06 Elect M De Amorim Issuer yes for for
MasterCard Inc MA 57636Q104 07/18/06 Elect E Su Ning Tian Issuer yes for for
MasterCard Inc MA 57636Q104 07/18/06 Elect B Fung Issuer yes for for
MasterCard Inc MA 57636Q104 07/18/06 Elect M Olivie Issuer yes for for
MasterCard Inc MA 57636Q104 07/18/06 Elect M Schwartz Issuer yes for for
MasterCard Inc MA 57636Q104 07/18/06 Elect D Carlucci Issuer yes for for
MasterCard Inc MA 57636Q104 07/18/06 Elect R Haythornthwaite Issuer yes for for
MasterCard Inc MA 57636Q104 07/18/06 Elect R Selander Issuer yes for for
MasterCard Inc MA 57636Q104 07/18/06 Equity Compensation plan Issuer yes for for
MasterCard Inc MA 57636Q104 07/18/06 Independent Auditors Issuer yes for for
Mohawk Industries MHK 608190104 05/17/06 Elect B Bruckmann Issuer yes for for
Mohawk Industries MHK 608190104 05/17/06 Elect F De Cock Issuer yes for for
Mohawk Industries MHK 608190104 05/17/06 Elect L McCurdy Issuer yes for for
O'Reilly Automotive Inc ORLY 686091109 05/09/06 Elect C O'Reilly Issuer yes for for
O'Reilly Automotive Inc ORLY 686091109 05/09/06 Elect J Murphy Issuer yes for for
O'Reilly Automotive Inc ORLY 686091109 05/09/06 Elect R Rashkow Issuer yes for for
O'Reilly Automotive Inc ORLY 686091109 05/09/06 Independent Auditors Issuer yes for for
Patterson Companies Inc PDCO 703395103 09/12/05 Elect R Ezerski Issuer yes for for
Patterson Companies Inc PDCO 703395103 09/12/05 Elect A Lacy Issuer yes for for
Patterson Companies Inc PDCO 703395103 09/12/05 Independent Auditors Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/21/06 Elect S Hardis Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/21/06 Elect P Laskawy Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/21/06 Elect N Matthews Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/21/06 Elect B Sheares Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/21/06 Authorized shares Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/21/06 Independent auditors Issuer yes for for
TJX Cos - New TJX 872540109 06/06/06 Elect D Brandon Issuer yes for for
TJX Cos - New TJX 872540109 06/06/06 Elect B Cammarata Issuer yes for for
TJX Cos - New TJX 872540109 06/06/06 Elect G Crittenden Issuer yes for for
TJX Cos - New TJX 872540109 06/06/06 Elect G Deegan Issuer yes for for
TJX Cos - New TJX 872540109 06/06/06 Elect D Hightower Issuer yes for for
TJX Cos - New TJX 872540109 06/06/06 Elect A Lane Issuer yes for for
TJX Cos - New TJX 872540109 06/06/06 Elect R Lesser Issuer yes for for
TJX Cos - New TJX 872540109 06/06/06 Elect J O'brien Issuer yes for for
TJX Cos - New TJX 872540109 06/06/06 Elect R Shapiro issuer yes for for
TJX Cos - New TJX 872540109 06/06/06 Elect W Shire Issuer yes for for
TJX Cos - New TJX 872540109 06/06/06 Elect F Wiley Issuer yes for for
TJX Cos - New TJX 872540109 06/06/06 Independent auditors Issuer yes for for
TJX Cos - New TJX 872540109 06/06/06 Election of Directors Security holder yes against for
Tiffany & Co TIF 886547108 05/18/06 Elect M Kowalski Issuer yes for for
Tiffany & Co TIF 886547108 05/18/06 Elect R Bravo Issuer yes for for
Tiffany & Co TIF 886547108 05/18/06 Elect W Chaney Issuer yes for for
Tiffany & Co TIF 886547108 05/18/06 Elect S Hayes Issuer yes for for
Tiffany & Co TIF 886547108 05/18/06 Elect A Kohnstamm Issuer yes for for
Tiffany & Co TIF 886547108 05/18/06 Elect C Marquis Issuer yes for for
Tiffany & Co TIF 886547108 05/18/06 Elect J Presby Issuer yes for for
Tiffany & Co TIF 886547108 05/18/06 Elect J Quinn Issuer yes for for
Tiffany & Co TIF 886547108 05/18/06 Elect W Shutzer Issuer yes for for
Tiffany & Co TIF 886547108 05/18/06 Independent auditors Issuer yes for for
Tiffany & Co TIF 886547108 05/18/06 Employee incentive plan Issuer yes for for
Walgreen WAG 931422109 01/11/06 Elect D Bernauer Issuer yes for for
Walgreen WAG 931422109 01/11/06 Elect J Howard Issuer yes for for
Walgreen WAG 931422109 01/11/06 Elect C Reed Issuer yes for for
Walgreen WAG 931422109 01/11/06 Elect D Schwartz Issuer yes for for
Walgreen WAG 931422109 01/11/06 Elect M Von Ferstel Issuer yes for for
Walgreen WAG 931422109 01/11/06 Elect W Foote Issuer yes for for
Walgreen WAG 931422109 01/11/06 Elect A McNally Issuer yes for for
Walgreen WAG 931422109 01/11/06 Elect J Rein Issuer yes for for
Walgreen WAG 931422109 01/11/06 Elect J Schwemm Issuer yes for for
Walgreen WAG 931422109 01/11/06 Elect C Walgreen III Issuer yes for for
Walgreen WAG 931422109 01/11/06 Elect J Skinner Issuer yes for for
Walgreen WAG 931422109 01/11/06 Independent auditors Issuer yes for for
Walgreen WAG 931422109 01/11/06 Executive Stock Option Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/02/06 Elect J Breyer Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/02/06 Elect M Burns Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/02/06 Elect D Daft Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/02/06 Elect D Glass Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/02/06 Elect R Hernandez Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/02/06 Elect H Scott Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/02/06 Elect J Shewmaker Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/02/06 Elect J Walton Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/02/06 Elect S Walton Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/02/06 Elect C Williams Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/02/06 Elect A Alvarez Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/02/06 Elect L Wolf Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/02/06 Elect J Cash Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/02/06 Independent accountants Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/02/06 Humane Poultry Slaughter Security Holder yes against for
Wal Mart Stores Inc WMT 931142103 06/02/06 Political Contributions Security Holder yes against for
Wal Mart Stores Inc WMT 931142103 06/02/06 Director Election Security Holder yes against for
Wal Mart Stores Inc WMT 931142103 06/02/06 Sustainability Report Security Holder yes against for
Wal Mart Stores Inc WMT 931142103 06/02/06 Compensation Disparity Security Holder yes against for
Wal Mart Stores Inc WMT 931142103 06/02/06 Equity Compensation Security Holder yes against for
Pursuant to the requirements of the Investment Company Act of 1940,
the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.
Registrant: Sequoia Fund, Inc.
By: /s/ Robert D. Goldfarb
President
Date: August 24, 2006