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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
+5.71%
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
$3.88B
AUM Growth
-$213M
(-5.2%)
Cap. Flow
-$429M
Cap. Flow
% of AUM
-11.05%
Top 10 Holdings %
Top 10 Hldgs %
66.57%
Holding
39
New
3
Increased
7
Reduced
21
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Edwards Lifesciences
EW
|
+$107M |
| 2 |
Qualcomm
QCOM
|
+$67.4M |
| 3 |
PayPal
PYPL
|
+$53.7M |
| 4 |
TJX Companies
TJX
|
+$49.1M |
| 5 |
Tractor Supply
TSCO
|
+$46.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$172M |
| 2 |
LKQ Corp
LKQ
|
+$117M |
| 3 |
ESRX
Express Scripts Holding Company
ESRX
|
+$113M |
| 4 |
MJN
Mead Johnson Nutrition Company
MJN
|
+$103M |
| 5 |
Booking.com
BKNG
|
+$63.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 25.33% |
| 2 | Technology | 17.82% |
| 3 | Consumer Discretionary | 17.26% |
| 4 | Consumer Staples | 11% |
| 5 | Energy | 10.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Berkshire Hathaway Class B
BRK.B
$1.07T
| $364M | 9.38% |
2,184,391
-306,367
| -12% | -$51.3M |
|
|
2
Apple
AAPL
$4.89T
| $319M | 8.21% |
8,878,420
-5,218,916
| -37% | -$172M |
|
3
Kraft Heinz
KHC
$30.4B
| $281M | 7.24% |
3,096,398
-368,645
| -11% | -$33.2M |
|
|
4
Booking.com
BKNG
$138B
| $261M | 6.72% |
3,665,700
-957,450
| -21% | -$63.2M |
|
5
Visa
V
$677B
| $255M | 6.56% |
2,867,005
-386,375
| -12% | -$33.2M |
|
6
Alphabet (Google) Class A
GOOGL
$3.91T
| $253M | 6.52% |
5,973,280
+780,860
| +15% | +$32.8M |
|
|
7
Qualcomm
QCOM
$176B
| $234M | 6.03% |
4,081,972
+1,160,993
| +40% | +$67.4M |
|
8
SLB Ltd
SLB
$77.8B
| $225M | 5.79% |
2,880,003
-301,715
| -9% | -$24.7M |
|
|
9
PayPal
PYPL
$49.5B
| $211M | 5.43% |
4,896,461
+1,284,084
| +36% | +$53.7M |
|
10
Core Laboratories
CLB
$538M
| $182M | 4.69% |
1,575,658
-70,666
| -4% | -$8.21M |
|
11
Verisk Analytics
VRSK
$26.4B
| $167M | 4.29% |
2,054,585
-158,903
| -7% | -$13M |
|
|
12
Tractor Supply
TSCO
$16.3B
| $152M | 3.91% |
11,000,090
+3,219,220
| +41% | +$46.9M |
|
|
SCHW
13
Charles Schwab
SCHW
$177B
| $148M | 3.82% |
3,638,037
-896,108
| -20% | -$37M |
|
|
THS
14
DELISTED
Treehouse Foods
THS
| $146M | 3.75% |
1,719,021
-81,641
| -5% | -$6.54M |
|
|
15
TJX Companies
TJX
$170B
| $143M | 3.69% |
3,627,330
+1,274,522
| +54% | +$49.1M |
|
16
Cognizant
CTSH
$21.5B
| $138M | 3.56% |
2,320,261
-206,477
| -8% | -$11.9M |
|
17
Fastenal
FAST
$54B
| $119M | 3.06% |
9,221,972
-752,744
| -8% | -$9.43M |
|
18
Ross Stores
ROST
$76.6B
| $113M | 2.92% |
1,722,340
-117,904
| -6% | -$7.88M |
|
|
19
Edwards Lifesciences
EW
$47.6B
| $107M | 2.75% |
+3,411,216
| New | +$107M |
|
|
CELG
20
DELISTED
Celgene Corp
CELG
| $23.9M | 0.62% |
+192,000
| New | +$23M |
|
|
21
Alphabet (Google) Class C
GOOG
$3.9T
| $21.1M | 0.54% |
509,500
-87,260
| -15% | -$3.58M |
|
|
ESRX
22
DELISTED
Express Scripts Holding Company
ESRX
| $6.11M | 0.16% |
92,675
-1,636,352
| -95% | -$113M |
|
23
US Bancorp
USB
$99.6B
| $4M | 0.1% |
77,650
-12,150
| -14% | -$648K |
|
24
Blackstone
BX
$104B
| $1.35M | 0.03% |
45,325
| – | – |
|
25
Ameren
AEE
$31.5B
| $1.02M | 0.03% |
18,625
-1,250
| -6% | -$66.9K |
|
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Wedgewood Partners's Q1 2017 Portfolio in Review
As of Q1 2017, Wedgewood Partners held 39 positions worth $3.88B, down 5.2% from $4.1B the previous quarter. Its ten largest holdings account for 67% of the portfolio.
Wedgewood Partners withdrew a net $429M in Q1 2017, closing 2 positions and reducing 21 holdings. Its most notable exit was LKQ Corp, an estimated $117M position sold in full.
By sector, the portfolio is most concentrated in Financials at 25% of assets, up from 24% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Wedgewood Partners opened a new position in Edwards Lifesciences worth $107M.
- Wedgewood Partners's largest Q1 2017 buy was Edwards Lifesciences: 3,411,216 shares worth $107M.
- Wedgewood Partners added most to Qualcomm in Q1 2017, an estimated $67.4M increase.
- Wedgewood Partners's biggest Q1 2017 reduction was Apple, cutting an estimated $172M.
- Wedgewood Partners fully exited LKQ Corp in Q1 2017, selling an estimated $117M.
- Wedgewood Partners's ten largest holdings make up 67% of its $3.88B portfolio in Q1 2017.
- Wedgewood Partners opened 3 new positions and closed 2 in Q1 2017.
- Wedgewood Partners's portfolio value fell 5.2% quarter-over-quarter to $3.88B.
Based on Wedgewood Partners's 13F filing for Q1 2017, filed 15 May 2017.