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 |
Meta Platforms (Facebook)
META
|
+$1.69M |
| 2 |
Booking.com
BKNG
|
+$1.37M |
| 3 |
Microsoft
MSFT
|
+$1.33M |
| 4 |
PayPal
PYPL
|
+$1.33M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$1.24M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSMC
TSM
|
+$2.01M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.2% |
| 2 | Communication Services | 18.66% |
| 3 | Consumer Discretionary | 14.67% |
| 4 | Financials | 14.57% |
| 5 | Industrials | 12.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
TSMC
TSM
$2.17T
| $52.9M | 9.65% |
189,282
-8,218
| -4% | -$2.01M |
|
|
2
Meta Platforms (Facebook)
META
$1.4T
| $51.8M | 9.46% |
70,594
+2,264
| +3% | +$1.69M |
|
|
3
Alphabet (Google) Class A
GOOGL
$4.22T
| $50.4M | 9.19% |
207,232
+5,929
| +3% | +$1.24M |
|
4
Apple
AAPL
$4.51T
| $42.5M | 7.76% |
166,890
+5,033
| +3% | +$1.14M |
|
|
5
Microsoft
MSFT
$3.59T
| $41M | 7.49% |
79,208
+2,603
| +3% | +$1.33M |
|
|
6
PayPal
PYPL
$52.7B
| $32.5M | 5.93% |
484,651
+18,810
| +4% | +$1.33M |
|
|
7
Booking.com
BKNG
$158B
| $31.9M | 5.81% |
147,500
+6,125
| +4% | +$1.37M |
|
8
Visa
V
$693B
| $30.4M | 5.55% |
89,120
+3,517
| +4% | +$1.22M |
|
9
Tractor Supply
TSCO
$18.2B
| $27.9M | 5.09% |
489,910
+17,144
| +4% | +$1.01M |
|
10
Motorola Solutions
MSI
$79.5B
| $26.3M | 4.8% |
57,557
+1,966
| +4% | +$886K |
|
11
United Rentals
URI
$68.4B
| $25.7M | 4.69% |
26,925
+862
| +3% | +$768K |
|
12
Copart
CPRT
$31.3B
| $22.4M | 4.08% |
497,020
+16,729
| +3% | +$788K |
|
13
O'Reilly Automotive
ORLY
$72.1B
| $20.7M | 3.77% |
191,668
+6,458
| +3% | +$649K |
|
14
CDW
CDW
$17.2B
| $19.2M | 3.5% |
120,524
+4,401
| +4% | +$748K |
|
15
Zoetis
ZTS
$32.1B
| $18.7M | 3.41% |
127,522
+4,179
| +3% | +$632K |
|
16
S&P Global
SPGI
$127B
| $16.9M | 3.08% |
34,724
+1,242
| +4% | +$665K |
|
17
Edwards Lifesciences
EW
$51.8B
| $14.4M | 2.62% |
184,701
+6,667
| +4% | +$521K |
|
18
Old Dominion Freight Line
ODFL
$42.8B
| $12.5M | 2.28% |
88,547
+3,227
| +4% | +$494K |
|
19
Pool Corp
POOL
$6.83B
| $10M | 1.83% |
32,322
+1,078
| +3% | +$338K |
|
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David Rolfe's Q3 2025 Portfolio in Review
As of Q3 2025, David Rolfe held 19 positions worth $548M, up 6.3% from $515M the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Trading was light in Q3 2025: 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 33% of assets, up from 32% a quarter earlier, followed by Communication Services and Consumer Discretionary.
- David Rolfe added most to Meta Platforms (Facebook) in Q3 2025, an estimated $1.69M increase.
- David Rolfe's biggest Q3 2025 reduction was TSMC, cutting an estimated $2.01M.
- David Rolfe's ten largest holdings make up 71% of its $548M portfolio in Q3 2025.
- David Rolfe opened 0 new positions and closed 0 in Q3 2025.
- David Rolfe's portfolio value rose 6.3% quarter-over-quarter to $548M.
Based on Wedgewood Partners's 13F filing for Q3 2025, filed 14 Nov 2025.