David Rolfe Wedgewood Partners
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Edwards Lifesciences
EW
|
+$351K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$559K |
| 2 |
PayPal
PYPL
|
+$524K |
| 3 |
Motorola Solutions
MSI
|
+$514K |
| 4 |
UnitedHealth
UNH
|
+$501K |
| 5 |
Meta Platforms (Facebook)
META
|
+$484K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.17% |
| 2 | Financials | 17.23% |
| 3 | Communication Services | 17.09% |
| 4 | Consumer Discretionary | 12.55% |
| 5 | Healthcare | 10.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Meta Platforms (Facebook)
META
$1.4T
| $48.1M | 8.72% |
82,848
-940
| -1% | -$484K |
|
|
2
Alphabet (Google) Class A
GOOGL
$4.22T
| $46.1M | 8.36% |
257,523
-3,332
| -1% | -$559K |
|
3
TSMC
TSM
$2.17T
| $45.9M | 8.34% |
246,132
-1,656
| -0.7% | -$282K |
|
|
4
PayPal
PYPL
$52.7B
| $43.3M | 7.85% |
495,384
-7,828
| -2% | -$524K |
|
5
Visa
V
$693B
| $39.2M | 7.12% |
126,638
-1,720
| -1% | -$465K |
|
6
Apple
AAPL
$4.51T
| $38.7M | 7.02% |
171,782
-1,758
| -1% | -$393K |
|
|
7
UnitedHealth
UNH
$350B
| $35.2M | 6.38% |
58,035
-885
| -2% | -$501K |
|
8
Booking.com
BKNG
$158B
| $30.4M | 5.51% |
152,175
-1,450
| -0.9% | -$222K |
|
9
Copart
CPRT
$31.3B
| $29.5M | 5.36% |
509,939
-6,240
| -1% | -$324K |
|
|
10
Motorola Solutions
MSI
$79.5B
| $29.4M | 5.33% |
59,109
-1,232
| -2% | -$514K |
|
11
Microsoft
MSFT
$3.59T
| $28.9M | 5.24% |
67,884
-1,086
| -2% | -$464K |
|
12
Tractor Supply
TSCO
$18.2B
| $27.9M | 5.06% |
499,785
-8,155
| -2% | -$438K |
|
|
13
Edwards Lifesciences
EW
$51.8B
| $23.9M | 4.34% |
359,257
+4,830
| +1% | +$351K |
|
14
Texas Pacific Land
TPL
$26.5B
| $18M | 3.27% |
39,573
-516
| -1% | -$142K |
|
15
CDW
CDW
$17.2B
| $17.8M | 3.24% |
95,851
-628
| -0.7% | -$139K |
|
16
Old Dominion Freight Line
ODFL
$42.8B
| $13.6M | 2.47% |
60,328
-502
| -0.8% | -$97.7K |
|
17
S&P Global
SPGI
$127B
| $12.4M | 2.26% |
24,382
-262
| -1% | -$130K |
|
18
Pool Corp
POOL
$6.83B
| $11.8M | 2.14% |
33,532
-227
| -0.7% | -$78.5K |
|
19
O'Reilly Automotive
ORLY
$72.1B
| $10.9M | 1.98% |
132,330
-975
| -0.7% | -$71.6K |
|
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David Rolfe's Q3 2024 Portfolio in Review
As of Q3 2024, David Rolfe held 19 positions worth $551M, up 12% from $490M the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Trading was light in Q3 2024: portfolio turnover was 0%. David Rolfe opened no new positions and made no exits, leaving the 19-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 31% a quarter earlier, followed by Financials and Communication Services.
- David Rolfe added most to Edwards Lifesciences in Q3 2024, an estimated $351K increase.
- David Rolfe's biggest Q3 2024 reduction was Alphabet (Google) Class A, cutting an estimated $559K.
- David Rolfe's ten largest holdings make up 70% of its $551M portfolio in Q3 2024.
- David Rolfe opened 0 new positions and closed 0 in Q3 2024.
- David Rolfe's portfolio value rose 12% quarter-over-quarter to $551M.
Based on Wedgewood Partners's 13F filing for Q3 2024, filed 14 Nov 2024.