We are live on !
Find out more
David Rolfe Wedgewood Partners
AUM
$484M
Turnover
18.18%
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
+5.65%
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
$1.98B
AUM Growth
-$194M
(-8.9%)
Cap. Flow
-$292M
Cap. Flow % of AUM
Cap. Flow %
-14.76%
Top 10 Holdings %
Top 10 Hldgs %
66.7%
Holding
36
New
2
Increased
3
Reduced
24
Closed
2
Avg Time Held
2.6
years
Top 10 Avg Time Held
1.8
years
Top 20 Avg Time Held
2.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charles Schwab
SCHW
|
+$5.66M |
| 2 |
Toronto Dominion Bank
TD
|
+$310K |
| 3 |
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
|
+$282K |
| 4 |
Johnson & Johnson
JNJ
|
+$62.4K |
| 5 |
AT&T
T
|
+$33.2K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fastenal
FAST
|
+$44.4M |
| 2 |
Edwards Lifesciences
EW
|
+$33.7M |
| 3 |
Ross Stores
ROST
|
+$33M |
| 4 |
Apple
AAPL
|
+$24.9M |
| 5 |
Visa
V
|
+$19.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 24.63% |
| 2 | Technology | 17.67% |
| 3 | Consumer Discretionary | 17.32% |
| 4 | Communication Services | 13.03% |
| 5 | Healthcare | 10.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$5.08T
| $184M | 9.3% |
3,978,448
-548,460
| -12% | -$24.9M |
2013 Q2
20 quarters
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.17T
| $170M | 8.59% |
911,375
-97,470
| -10% | -$19M |
2013 Q2
20 quarters
|
|
|
3
Visa
V
$778B
| $144M | 7.25% |
1,084,090
-154,395
| -12% | -$19.9M |
2013 Q2
20 quarters
|
|
4
Meta Platforms (Facebook)
META
$1.65T
| $143M | 7.2% |
733,589
-102,443
| -12% | -$18.5M |
2018 Q1
1 quarter
|
|
|
5
Edwards Lifesciences
EW
$51.9B
| $130M | 6.55% |
2,674,230
-722,793
| -21% | -$33.7M |
2017 Q1
5 quarters
|
|
6
Tractor Supply
TSCO
$18.1B
| $125M | 6.32% |
8,184,475
-987,265
| -11% | -$13.7M |
2016 Q4
6 quarters
|
|
7
Booking.com
BKNG
$121B
| $119M | 6.03% |
1,473,700
-190,750
| -11% | -$16.1M |
2013 Q2
20 quarters
|
|
8
Alphabet (Google) Class A
GOOGL
$3.97T
| $108M | 5.46% |
1,914,800
-228,240
| -11% | -$12.4M |
2015 Q3
11 quarters
|
|
9
Qualcomm
QCOM
$185B
| $99.4M | 5.02% |
1,771,829
-170,259
| -9% | -$9.5M |
2013 Q2
20 quarters
|
|
10
SLB Ltd
SLB
$73.5B
| $98.5M | 4.97% |
1,469,353
-147,389
| -9% | -$10.1M |
2013 Q2
20 quarters
|
|
|
11
Ross Stores
ROST
$75.6B
| $98.2M | 4.96% |
1,159,213
-405,537
| -26% | -$33M |
2016 Q2
8 quarters
|
|
12
Core Laboratories
CLB
$431M
| $91.3M | 4.61% |
723,494
-105,198
| -13% | -$12.8M |
2014 Q4
14 quarters
|
|
13
PayPal
PYPL
$49.2B
| $86.3M | 4.36% |
1,036,239
-138,645
| -12% | -$11M |
2015 Q3
11 quarters
|
|
|
14
Charles Schwab
SCHW
$158B
| $82.7M | 4.17% |
1,617,874
+102,170
| +7% | +$5.66M |
2016 Q1
9 quarters
|
|
|
15
Fastenal
FAST
$60.5B
| $75.2M | 3.8% |
6,251,828
-3,426,716
| -35% | -$44.4M |
2016 Q4
6 quarters
|
|
16
The Kraft Heinz Company
KHC
$29.8B
| $74.7M | 3.77% |
1,188,926
-77,613
| -6% | -$4.61M |
2015 Q3
11 quarters
|
|
|
CELG
17
DELISTED
Celgene Corp
CELG
| $68.6M | 3.47% |
864,236
-60,306
| -7% | -$5.01M |
2017 Q1
5 quarters
|
|
18
Cognizant
CTSH
$33.2B
| $65.8M | 3.32% |
833,261
-105,987
| -11% | -$8.33M |
2013 Q2
20 quarters
|
|
19
Alphabet (Google) Class C
GOOG
$3.92T
| $6.05M | 0.31% |
108,540
-4,840
| -4% | -$262K |
2013 Q2
20 quarters
|
|
20
US Bancorp
USB
$93.5B
| $3.38M | 0.17% |
67,638
| – | – |
2016 Q1
9 quarters
|
|
21
Blackstone
BX
$94.8B
| $1.24M | 0.06% |
38,700
-1,125
| -3% | -$35.8K |
2016 Q1
9 quarters
|
|
22
Verizon
VZ
$188B
| $924K | 0.05% |
18,375
-2,875
| -14% | -$139K |
2016 Q1
9 quarters
|
|
|
23
Johnson & Johnson
JNJ
$644B
| $734K | 0.04% |
6,050
+500
| +9% | +$62.4K |
2016 Q1
9 quarters
|
|
24
Ameren
AEE
$30.2B
| $526K | 0.03% |
8,650
-6,000
| -41% | -$345K |
2016 Q1
9 quarters
|
|
25
Consolidated Edison
ED
$43B
| $522K | 0.03% |
6,700
-1,825
| -21% | -$139K |
2016 Q1
9 quarters
|
|
Similar funds
AA
SCH
David Rolfe's Q2 2018 Portfolio in Review
As of Q2 2018, David Rolfe held 36 positions worth $1.98B, down 8.9% from $2.17B the previous quarter. Its ten largest holdings account for 67% of the portfolio.
David Rolfe withdrew a net $292M in Q2 2018, closing 2 positions and reducing 24 holdings. Its most notable exit was Verisk Analytics, an estimated $509K position sold in full.
By sector, the portfolio is most concentrated in Financials at 25% of assets, up from 24% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, David Rolfe opened a new position in Toronto Dominion Bank worth $313K.
- David Rolfe's largest Q2 2018 buy was Toronto Dominion Bank: 5,425 shares worth $313K.
- David Rolfe added most to Charles Schwab in Q2 2018, an estimated $5.66M increase.
- David Rolfe's biggest Q2 2018 reduction was Fastenal, cutting an estimated $44.4M.
- David Rolfe fully exited Verisk Analytics in Q2 2018, selling an estimated $509K.
- David Rolfe's ten largest holdings make up 67% of its $1.98B portfolio in Q2 2018.
- David Rolfe opened 2 new positions and closed 2 in Q2 2018.
- David Rolfe's portfolio value fell 8.9% quarter-over-quarter to $1.98B.
Based on Wedgewood Partners's 13F filing for Q2 2018, filed 14 Aug 2018.