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
-14.72%
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
$1.51B
AUM Growth
-$488M
Cap. Flow
-$178M
Cap. Flow %
-11.81%
Top 10 Hldgs %
69.83%
Holding
36
New
–
Increased
11
Reduced
19
Closed
1

Top Buys

Rank Stock Value
1
ULTA icon
Ulta Beauty
ULTA
+$11.1M
2
META icon
Meta Platforms (Facebook)
META
+$10.8M
3
SCHW
Charles Schwab
SCHW
+$7.55M
4
FAST icon
Fastenal
FAST
+$6.45M
5
BKNG icon
Booking.com
BKNG
+$2.85M

Top Sells

Rank Stock Value
1
SLB icon
SLB Ltd
SLB
+$63.1M
2
CLB icon
Core Laboratories
CLB
+$36.1M
3
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$17.7M
4
AAPL icon
Apple
AAPL
+$15.9M
5
TSCO icon
Tractor Supply
TSCO
+$13.7M

Sector Composition

Rank Sector Weight
1 Financials 27.39%
2 Consumer Discretionary 19.85%
3 Technology 16.58%
4 Communication Services 12.56%
5 Industrials 12.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BRK.B icon
1
Berkshire Hathaway Class B
BRK.B
$1.06T
$151M 10.04%
740,620
-84,911
-10% -$17.7M
AAPL icon
2
Apple
AAPL
$4.51T
$126M 8.37%
3,198,664
-328,340
-9% -$15.9M
EW icon
3
Edwards Lifesciences
EW
$51.8B
$126M 8.35%
2,463,396
+6,516
+0.3% +$330K
V icon
4
Visa
V
$693B
$117M 7.73%
883,306
-98,134
-10% -$13.6M
META icon
5
Meta Platforms (Facebook)
META
$1.4T
$100M 6.66%
764,970
+74,506
+11% +$10.8M
BKNG icon
6
Booking.com
BKNG
$158B
$96.6M 6.41%
1,402,325
+38,800
+3% +$2.85M
TSCO icon
7
Tractor Supply
TSCO
$18.2B
$94M 6.24%
5,630,260
-761,450
-12% -$13.7M
GOOGL icon
8
Alphabet (Google) Class A
GOOGL
$4.22T
$81.8M 5.43%
1,565,880
-148,640
-9% -$8.03M
FAST icon
9
Fastenal
FAST
$58.8B
$80.6M 5.35%
6,163,172
+476,740
+8% +$6.45M
QCOM icon
10
Qualcomm
QCOM
$169B
$79.3M 5.26%
1,393,863
-143,299
-9% -$8.7M
PYPL icon
11
PayPal
PYPL
$52.7B
$70.5M 4.68%
837,884
-104,744
-11% -$8.72M
SCHW
12
Charles Schwab
SCHW
$194B
$70.2M 4.66%
1,690,643
+167,009
+11% +$7.55M
ROST icon
13
Ross Stores
ROST
$76.7B
$55.9M 3.71%
671,647
-64,915
-9% -$5.88M
ULTA icon
14
Ulta Beauty
ULTA
$22.4B
$52.6M 3.49%
214,810
+40,015
+23% +$11.1M
CHRW icon
15
C.H. Robinson
CHRW
$16.5B
$52.2M 3.46%
620,821
-63,199
-9% -$5.66M
ODFL icon
16
Old Dominion Freight Line
ODFL
$42.8B
$50.6M 3.36%
1,228,233
-143,988
-10% -$6.38M
CTSH icon
17
Cognizant
CTSH
$27.9B
$44M 2.92%
693,474
-72,820
-10% -$5.07M
CELG
18
DELISTED
Celgene Corp
CELG
$42M 2.78%
654,632
-102,742
-14% -$7.58M
GOOG icon
19
Alphabet (Google) Class C
GOOG
$4.18T
$5.36M 0.36%
103,600
-780
-0.7% -$41.8K
USB icon
20
US Bancorp
USB
$96.7B
$2.75M 0.18%
60,138
-7,500
-11% -$386K
SLB icon
21
SLB Ltd
SLB
$79.9B
$1.24M 0.08%
34,450
-1,279,819
-97% -$63.1M
BX icon
22
Blackstone
BX
$108B
$1.11M 0.07%
37,325
+2,250
+6% +$74.4K
VZ icon
23
Verizon
VZ
$205B
$1.05M 0.07%
18,750
-375
-2% -$21.3K
JNJ icon
24
Johnson & Johnson
JNJ
$651B
$813K 0.05%
6,300
– –
T icon
25
AT&T
T
$173B
$677K 0.04%
31,445
+8,145
+35% +$190K
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 2018 Portfolio in Review

As of Q4 2018, David Rolfe held 36 positions worth $1.51B, down 24% from $2B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

David Rolfe withdrew a net $178M in Q4 2018, closing 1 position and reducing 19 holdings. Its most notable exit was Kraft Heinz, an estimated $771K position sold in full.

By sector, the portfolio is most concentrated in Financials at 27% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, David Rolfe added an estimated $11.1M to Ulta Beauty.

  • David Rolfe added most to Ulta Beauty in Q4 2018, an estimated $11.1M increase.
  • David Rolfe's biggest Q4 2018 reduction was SLB Ltd, cutting an estimated $63.1M.
  • David Rolfe fully exited Kraft Heinz in Q4 2018, selling an estimated $771K.
  • David Rolfe's ten largest holdings make up 70% of its $1.51B portfolio in Q4 2018.
  • David Rolfe opened 0 new positions and closed 1 in Q4 2018.
  • David Rolfe's portfolio value fell 24% quarter-over-quarter to $1.51B.

Based on Wedgewood Partners's 13F filing for Q4 2018, filed 14 Feb 2019.