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 |
United Rentals
URI
|
+$17.1M |
| 2 |
S&P Global
SPGI
|
+$5.48M |
| 3 |
O'Reilly Automotive
ORLY
|
+$5.39M |
| 4 |
Microsoft
MSFT
|
+$4.87M |
| 5 |
Old Dominion Freight Line
ODFL
|
+$4.54M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$23M |
| 2 |
Visa
V
|
+$10.7M |
| 3 |
Edwards Lifesciences
EW
|
+$10.6M |
| 4 |
Meta Platforms (Facebook)
META
|
+$6.45M |
| 5 |
Booking.com
BKNG
|
+$23.9K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.52% |
| 2 | Communication Services | 17.5% |
| 3 | Financials | 16.89% |
| 4 | Industrials | 14.44% |
| 5 | Consumer Discretionary | 14.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
TSMC
TSM
$2.17T
| $46.1M | 9.29% |
236,813
-15
| -0% | -$2.92K |
|
|
2
Meta Platforms (Facebook)
META
$1.4T
| $45.9M | 9.24% |
69,553
-10,004
| -13% | -$6.45M |
|
3
Alphabet (Google) Class A
GOOGL
$4.22T
| $41M | 8.26% |
247,928
+893
| +0.4% | +$162K |
|
4
Apple
AAPL
$4.51T
| $35.1M | 7.06% |
165,093
+1,236
| +0.8% | +$286K |
|
|
5
Microsoft
MSFT
$3.59T
| $34.9M | 7.04% |
77,161
+11,942
| +18% | +$4.87M |
|
6
PayPal
PYPL
$52.7B
| $34.4M | 6.94% |
473,775
+3,946
| +0.8% | +$307K |
|
|
7
Visa
V
$693B
| $32M | 6.44% |
89,688
-31,511
| -26% | -$10.7M |
|
8
Copart
CPRT
$31.3B
| $30.5M | 6.14% |
488,407
-26
| -0% | -$1.46K |
|
|
9
Booking.com
BKNG
$158B
| $30.3M | 6.11% |
145,275
-125
| -0.1% | -$23.9K |
|
10
Tractor Supply
TSCO
$18.2B
| $24.7M | 4.97% |
480,065
+469
| +0.1% | +$25.7K |
|
11
Motorola Solutions
MSI
$79.5B
| $23.5M | 4.73% |
56,589
+99
| +0.2% | +$44.2K |
|
12
CDW
CDW
$17.2B
| $21.8M | 4.4% |
115,264
+24,817
| +27% | +$4.51M |
|
|
13
United Rentals
URI
$68.4B
| $17.7M | 3.57% |
+24,829
| New | +$17.1M |
|
|
14
S&P Global
SPGI
$127B
| $17.5M | 3.52% |
34,091
+10,731
| +46% | +$5.48M |
|
|
15
O'Reilly Automotive
ORLY
$72.1B
| $16.7M | 3.36% |
188,895
+61,935
| +49% | +$5.39M |
|
|
16
Edwards Lifesciences
EW
$51.8B
| $14.7M | 2.97% |
191,818
-147,618
| -43% | -$10.6M |
|
|
17
Old Dominion Freight Line
ODFL
$42.8B
| $14.1M | 2.85% |
82,371
+24,965
| +43% | +$4.54M |
|
18
Pool Corp
POOL
$6.83B
| $9.36M | 1.88% |
30,276
+466
| +2% | +$158K |
|
|
19
UnitedHealth
UNH
$350B
| $3.17M | 0.64% |
10,302
-45,082
| -81% | -$23M |
|
20
iShares Russell 1000 Growth ETF
IWF
$125B
| $3.03M | 0.61% |
30,352
+14,856
| +96% | +$1.47M |
|
Similar funds
David Rolfe's Q1 2025 Portfolio in Review
As of Q1 2025, David Rolfe held 20 positions worth $496M, down 2.3% from $508M the previous quarter. Its ten largest holdings account for 71% of the portfolio.
David Rolfe's Q1 2025 filing shows 1 new, 12 increased and 7 reduced positions. Its largest new stake was United Rentals: 24,829 shares worth $17.7M. The largest sale was UnitedHealth, an estimated $23M.
By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 31% a quarter earlier, followed by Communication Services and Financials.
- David Rolfe's largest Q1 2025 buy was United Rentals: 24,829 shares worth $17.7M.
- David Rolfe added most to S&P Global in Q1 2025, an estimated $5.48M increase.
- David Rolfe's biggest Q1 2025 reduction was UnitedHealth, cutting an estimated $23M.
- David Rolfe's ten largest holdings make up 71% of its $496M portfolio in Q1 2025.
- David Rolfe opened 1 new position and closed 0 in Q1 2025.
- David Rolfe's portfolio value fell 2.3% quarter-over-quarter to $496M.
Based on Wedgewood Partners's 13F filing for Q1 2025, filed 15 May 2025.