13F filing recap · Q3 2003

What did Wedgewood Partners buy in Q3 2003?

Reported stock-position changes between this filing and the previous one. US-listed stocks across every Wedgewood account, including accounts that belong to no fund below.

Stock value

$140.47M

Positions

Estimated turnover

21.5%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

CFCCountrywide Financial Corp$7.24Mreported value+92.5K shares BUDAnheuser-Busch Inbev Sa/nv$360.0Kreported value+7.3K shares 00371T206Abn Amro Capital Funding Trust II$152.0Kreported value+6.0K shares

Increased positions

BRK.BBerkshire Hathaway Inc$10.72Mreported value+373 shares+9.5%PFEPfizer Inc.$8.79Mreported value+30.0K shares+11.6%MSFTMicrosoft Corporation$8.53Mreported value+8.9K shares+3.0%PPDPpd, Inc.$6.19Mreported value+23.0K shares

Reduced positions

AMGNAmgen Inc.$10.41Mreported value-12.8K shares-7.3%GNTXGentex Corporation$8.98Mreported value-18.2K shares-6.6%NXTLNextel Communications, Inc.$8.91Mreported value-8.7K shares-1.9%INTCIntel Corp$8.89Mreported value-5.5K shares

Exited positions

CEConcord Efs, Inc.$4.11Mprior reported value-279.5K shares-100.0%