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Wedgewood Partners Portfolio holdings
AUM
$484M
1-Year Est. Return
14.59%
This Fund
S&P 500
This Quarter
Est. Return
-0.9%
1 Year Est. Return
+14.59%
3 Year Est. Return
+71.71%
5 Year Est. Return
+100.96%
10 Year Est. Return
+436.42%
AUM
$4.94B
AUM Growth
-$579M
(-11%)
Cap. Flow
-$515M
Cap. Flow
% of AUM
-10.44%
Top 10 Holdings %
Top 10 Hldgs %
65.98%
Holding
40
New
3
Increased
7
Reduced
21
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ross Stores
ROST
|
+$138M |
| 2 |
TJX Companies
TJX
|
+$109M |
| 3 |
SRCL
Stericycle Inc
SRCL
|
+$361K |
| 4 |
Procter & Gamble
PG
|
+$197K |
| 5 |
Blackstone
BX
|
+$51.2K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Perrigo
PRGO
|
+$266M |
| 2 |
Qualcomm
QCOM
|
+$102M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$55.1M |
| 4 |
ESRX
Express Scripts Holding Company
ESRX
|
+$54.1M |
| 5 |
LKQ Corp
LKQ
|
+$46M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.86% |
| 2 | Technology | 20.46% |
| 3 | Consumer Discretionary | 16.17% |
| 4 | Consumer Staples | 11.79% |
| 5 | Energy | 10.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Berkshire Hathaway Class B
BRK.B
$1.07T
| $489M | 9.91% |
3,376,990
-385,377
| -10% | -$55.1M |
|
2
Apple
AAPL
$4.89T
| $472M | 9.56% |
19,731,980
-156,564
| -0.8% | -$3.89M |
|
3
Kraft Heinz
KHC
$30.4B
| $347M | 7.03% |
3,918,756
-133,124
| -3% | -$11M |
|
4
Cognizant
CTSH
$21.5B
| $322M | 6.52% |
5,624,679
-393,739
| -7% | -$23.8M |
|
5
Booking.com
BKNG
$138B
| $316M | 6.4% |
6,329,650
-684,875
| -10% | -$35.6M |
|
6
SLB Ltd
SLB
$77.8B
| $316M | 6.4% |
3,991,924
-382,703
| -9% | -$29.3M |
|
|
SRCL
7
DELISTED
Stericycle Inc
SRCL
| $281M | 5.7% |
2,700,590
+3,378
| +0.1% | +$361K |
|
|
ESRX
8
DELISTED
Express Scripts Holding Company
ESRX
| $246M | 4.99% |
3,251,358
-735,716
| -18% | -$54.1M |
|
|
MJN
9
DELISTED
Mead Johnson Nutrition Company
MJN
| $234M | 4.75% |
2,583,720
-276,164
| -10% | -$23.4M |
|
10
Verisk Analytics
VRSK
$26.4B
| $233M | 4.73% |
2,878,154
-558,231
| -16% | -$43.8M |
|
|
11
LKQ Corp
LKQ
$6.58B
| $228M | 4.62% |
7,198,689
-1,414,775
| -16% | -$46M |
|
12
Visa
V
$677B
| $222M | 4.49% |
2,990,879
-89,404
| -3% | -$7M |
|
|
13
Qualcomm
QCOM
$176B
| $215M | 4.36% |
4,013,697
-1,936,109
| -33% | -$102M |
|
14
Core Laboratories
CLB
$538M
| $209M | 4.24% |
1,687,427
-265,838
| -14% | -$32.1M |
|
15
Alphabet (Google) Class A
GOOGL
$3.91T
| $189M | 3.83% |
5,369,780
-460,180
| -8% | -$16.9M |
|
16
PayPal
PYPL
$49.5B
| $173M | 3.51% |
4,743,985
-20,410
| -0.4% | -$780K |
|
|
17
Ross Stores
ROST
$76.6B
| $141M | 2.86% |
+2,487,764
| New | +$138M |
|
|
SCHW
18
Charles Schwab
SCHW
$177B
| $140M | 2.84% |
5,528,510
-217,363
| -4% | -$6.18M |
|
|
19
TJX Companies
TJX
$170B
| $110M | 2.24% |
+2,858,562
| New | +$109M |
|
|
20
Alphabet (Google) Class C
GOOG
$3.9T
| $32.9M | 0.67% |
950,760
-113,160
| -11% | -$4.06M |
|
21
US Bancorp
USB
$99.6B
| $4.57M | 0.09% |
113,235
-525
| -0.5% | -$21.9K |
|
22
Tapestry
TPR
$28.8B
| $2.37M | 0.05% |
58,125
-5,800
| -9% | -$229K |
|
23
NOV
NOV
$7.45B
| $1.81M | 0.04% |
53,750
-11,875
| -18% | -$381K |
|
24
Ameren
AEE
$31.5B
| $1.74M | 0.04% |
32,537
+8
| +0% | +$393 |
|
25
Consolidated Edison
ED
$41.6B
| $1.15M | 0.02% |
14,250
| – | – |
|
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Wedgewood Partners's Q2 2016 Portfolio in Review
As of Q2 2016, Wedgewood Partners held 40 positions worth $4.94B, down 11% from $5.51B the previous quarter. Its ten largest holdings account for 66% of the portfolio.
Wedgewood Partners withdrew a net $515M in Q2 2016, closing 5 positions and reducing 21 holdings. Its most notable exit was Perrigo, an estimated $266M position sold in full.
By sector, the portfolio is most concentrated in Financials at 21% of assets, up from 20% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Wedgewood Partners opened a new position in Ross Stores worth $141M.
- Wedgewood Partners's largest Q2 2016 buy was Ross Stores: 2,487,764 shares worth $141M.
- Wedgewood Partners added most to Stericycle Inc in Q2 2016, an estimated $361K increase.
- Wedgewood Partners's biggest Q2 2016 reduction was Qualcomm, cutting an estimated $102M.
- Wedgewood Partners fully exited Perrigo in Q2 2016, selling an estimated $266M.
- Wedgewood Partners's ten largest holdings make up 66% of its $4.94B portfolio in Q2 2016.
- Wedgewood Partners opened 3 new positions and closed 5 in Q2 2016.
- Wedgewood Partners's portfolio value fell 11% quarter-over-quarter to $4.94B.
Based on Wedgewood Partners's 13F filing for Q2 2016, filed 15 Aug 2016.