- Wedgewood Partners’ 13F
portfolio value increased from $475M to ~$500M this quarter.
- They increased UnitedHealth
Group (UNH) while decreasing Meta Platforms (META).
- Their top five positions are
at 40% of the overall portfolio.
This article is part of a series that provides an ongoing
analysis of the changes made to Wedgewood Partners’ 13F stock portfolio on a
quarterly basis. It is based on David Rolfe’s regulatory 13F
Form filed on 5/15/2024. The 13F portfolio value increased from $475M to
$500M this quarter. The holdings are concentrated with recent 13F reports
showing around 30 positions. There are 19 securities that are significantly
large (more than ~0.5% of the portfolio each) and they are the focus of this
article. The largest five stakes are Alphabet (GOOG), Meta Platforms (META),
Taiwan Semi (TSM), Visa (V), and Apple (AAPL). They add up to ~40% of the
portfolio. Please visit our Tracking
David Rolfe’s Wedgewood Partners Portfolio series to get an idea of their
investment philosophy and our last
update for the fund’s moves during Q4 2023. Wedgewood has generated
significant alpha since its 1992 inception. David Rolfe also sub-advises
Riverpark/Wedgewood Fund (RWGIX) (RWGFX) as portfolio manager, a mutual fund
incepted in 2010.
The spreadsheet below highlights changes to David Rolfe’s US stock holdings in Q1 2024:
Source: John Vincent. Data constructed from Wedgewood
Partners’ 13F filings for Q4 2023 and Q1 2024.
No comments :
Post a Comment