We are live on ! Find out more
DR

David Rolfe Wedgewood Partners

AUM $484M
1-Year Est. Return 16.04%
 

David Rolfe is the chief investment officer of Wedgewood Partners, known for a concentrated growth portfolio of large-capitalization companies. The firm emphasizes quality franchises, high returns on capital, and limited diversification across only a few dozen names at most. Rolfe’s commentaries are followed by investors who prefer focused growth ownership over broad index replication.

This Fund
S&P 500
This Quarter Est. Return
+8.39%
1 Year Est. Return
+16.04%
3 Year Est. Return
+78.15%
5 Year Est. Return
+102.72%
10 Year Est. Return
+513.7%
AUM
$2.47B
AUM Growth
-$461M
Cap. Flow
-$674M
Cap. Flow %
-27.28%
Top 10 Hldgs %
64.29%
Holding
38
New
–
Increased
2
Reduced
31
Closed
2

Top Buys

Rank Stock Value
1
CELG
Celgene Corp
CELG
+$32.2M
2
T icon
AT&T
T
+$15.3K

Top Sells

Rank Stock Value
1
PYPL icon
PayPal
PYPL
+$120M
2
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$59.8M
3
AAPL icon
Apple
AAPL
+$53.9M
4
QCOM icon
Qualcomm
QCOM
+$49.8M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$47.6M

Sector Composition

Rank Sector Weight
1 Financials 22.71%
2 Consumer Discretionary 19.9%
3 Technology 16.62%
4 Healthcare 10.33%
5 Industrials 10.26%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ED icon
26
Consolidated Edison
ED
$39.3B
$908K 0.04%
10,700
-575
-5% -$49.4K
JNJ icon
27
Johnson & Johnson
JNJ
$651B
$775K 0.03%
5,550
-200
-3% -$27.9K
PAYX icon
28
Paychex
PAYX
$44.3B
$639K 0.03%
9,400
-2,000
-18% -$131K
T icon
29
AT&T
T
$173B
$459K 0.02%
15,656
+562
+4% +$15.3K
BP icon
30
BP
BP
$115B
$427K 0.02%
11,116
-998
-8% -$36.2K
BA icon
31
Boeing
BA
$169B
$368K 0.01%
1,250
– –
ECL icon
32
Ecolab
ECL
$78.9B
$335K 0.01%
2,500
– –
NLY icon
33
Annaly Capital Management
NLY
$17.5B
$307K 0.01%
6,469
– –
PEP icon
34
PepsiCo
PEP
$196B
$290K 0.01%
2,425
-200
-8% -$22.8K
CAFD
35
DELISTED
8point3 Energy Partners LP
CAFD
$155K 0.01%
10,250
-1,250
-11% -$18.8K
MN
36
DELISTED
MANNING & NAPIER, INC.
MN
$84K ﹤0.01%
23,500
-17,500
-43% -$65.8K
THS
37
DELISTED
Treehouse Foods
THS
– –
-10,350
Closed -$701K
XOM icon
38
ExxonMobil
XOM
$679B
– –
-2,866
Closed -$234K
1
2

Similar funds

PWM
Prentice Wealth Management Rochester, New York $484M AUM 13.77% 1-Year Est. Return
GVCM
Global View Capital Management Waukesha, Wisconsin $484M AUM 48.46% 1-Year Est. Return
FC
Foursixthree Capital New York $485M AUM 117.01% 1-Year Est. Return
AA
Ashford Advisors Pittsford, New York $485M AUM 21.08% 1-Year Est. Return
FMB
Field & Main Bank Henderson, Kentucky $485M AUM 34.26% 1-Year Est. Return
CPI
Crestview Partners IV New York $485M AUM 83.84% 1-Year Est. Return
CCA
Cadent Capital Advisors Tulsa, Oklahoma $485M AUM 45.96% 1-Year Est. Return
SCH
Shengqi Capital (HK) Hong Kong $484M AUM 300.05% 1-Year Est. Return

David Rolfe's Q4 2017 Portfolio in Review

As of Q4 2017, David Rolfe held 38 positions worth $2.47B, down 16% from $2.93B the previous quarter. Its ten largest holdings account for 64% of the portfolio.

David Rolfe withdrew a net $674M in Q4 2017, closing 2 positions and reducing 31 holdings. Its most notable exit was Treehouse Foods, an estimated $701K position sold in full.

By sector, the portfolio is most concentrated in Financials at 23% of assets, down from 25% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, David Rolfe added an estimated $32.2M to Celgene Corp.

  • David Rolfe added most to Celgene Corp in Q4 2017, an estimated $32.2M increase.
  • David Rolfe's biggest Q4 2017 reduction was PayPal, cutting an estimated $120M.
  • David Rolfe fully exited Treehouse Foods in Q4 2017, selling an estimated $701K.
  • David Rolfe's ten largest holdings make up 64% of its $2.47B portfolio in Q4 2017.
  • David Rolfe opened 0 new positions and closed 2 in Q4 2017.
  • David Rolfe's portfolio value fell 16% quarter-over-quarter to $2.47B.

Based on Wedgewood Partners's 13F filing for Q4 2017, filed 14 Feb 2018.