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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
+17.98%
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
$1.37B
AUM Growth
-$137M
Cap. Flow
-$358M
Cap. Flow %
-26.12%
Top 10 Hldgs %
70.87%
Holding
36
New
1
Increased
1
Reduced
23
Closed
–

Top Buys

Rank Stock Value
1
SBUX icon
Starbucks
SBUX
+$48.9M
2
CHRW icon
C.H. Robinson
CHRW
+$3.25M

Top Sells

Rank Stock Value
1
QCOM icon
Qualcomm
QCOM
+$71.2M
2
SCHW
Charles Schwab
SCHW
+$35.3M
3
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$31M
4
ROST icon
Ross Stores
ROST
+$28.1M
5
EW icon
Edwards Lifesciences
EW
+$27.4M

Sector Composition

Rank Sector Weight
1 Financials 24.7%
2 Consumer Discretionary 23.8%
3 Communication Services 13.5%
4 Healthcare 12.91%
5 Industrials 12.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
T icon
26
AT&T
T
$173B
$744K 0.05%
31,445
– –
BP icon
27
BP
BP
$115B
$543K 0.04%
12,635
-185
-1% -$7.58K
PAYX icon
28
Paychex
PAYX
$44.3B
$513K 0.04%
6,400
– –
AEE icon
29
Ameren
AEE
$29.4B
$507K 0.04%
6,900
-500
-7% -$34.8K
BA icon
30
Boeing
BA
$169B
$476K 0.03%
1,250
– –
ED icon
31
Consolidated Edison
ED
$39.3B
$445K 0.03%
5,250
– –
ECL icon
32
Ecolab
ECL
$78.9B
$441K 0.03%
2,500
– –
TD icon
33
Toronto Dominion Bank
TD
$194B
$340K 0.02%
6,275
– –
NLY icon
34
Annaly Capital Management
NLY
$17.5B
$337K 0.02%
8,438
– –
CLB icon
35
Core Laboratories
CLB
$574M
$322K 0.02%
4,675
-2,925
-38% -$196K
MN
36
DELISTED
MANNING & NAPIER, INC.
MN
$48K ﹤0.01%
23,000
– –
1
2

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AA
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David Rolfe's Q1 2019 Portfolio in Review

As of Q1 2019, David Rolfe held 36 positions worth $1.37B, down 9.1% from $1.51B the previous quarter. Its ten largest holdings account for 71% of the portfolio.

David Rolfe withdrew a net $358M in Q1 2019, reducing 23 holdings. Its largest reduction was Qualcomm, cutting an estimated $71.2M.

By sector, the portfolio is most concentrated in Financials at 25% of assets, down from 27% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, David Rolfe opened a new position in Starbucks worth $52.9M.

  • David Rolfe's largest Q1 2019 buy was Starbucks: 711,660 shares worth $52.9M.
  • David Rolfe added most to C.H. Robinson in Q1 2019, an estimated $3.25M increase.
  • David Rolfe's biggest Q1 2019 reduction was Qualcomm, cutting an estimated $71.2M.
  • David Rolfe's ten largest holdings make up 71% of its $1.37B portfolio in Q1 2019.
  • David Rolfe opened 1 new position and closed 0 in Q1 2019.
  • David Rolfe's portfolio value fell 9.1% quarter-over-quarter to $1.37B.

Based on Wedgewood Partners's 13F filing for Q1 2019, filed 15 May 2019.