13F filing recap · Q1 2004

What did Wedgewood Partners buy in Q1 2004?

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

$175.17M

Positions

Estimated turnover

34.2%

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

CMCSKComcast Corporation$8.93Mreported value+320.5K shares MRSHMarsh & Mclennan Companies, Inc.$8.11Mreported value+175.2K shares IMSIms Health Holdings, Inc.$7.14Mreported value+308.0K shares KRBMbna Corporation$337.0Kreported value+12.8K shares 22238E206Countrywide Financial Corporation$237.0Kreported value+9.0K shares

Increased positions

CFCCountrywide Financial Corp$14.73Mreported value+27.2K shares+21.5%BRK.BBerkshire Hathaway Inc$13.73Mreported value+111 shares+2.6%FDCFirst Data Corp$11.90Mreported value+44.2K shares+18.6%AMGNAmgen Inc.$11.85Mreported value+29.4K shares

Reduced positions

NXTLNextel Communications, Inc.$8.69Mreported value-31.5K shares-8.2%HDHome Depot, Inc.$7.84Mreported value-8.2K shares-3.8%LLTCLinear Technology Corporation$5.09Mreported value-19.8K shares-12.6%LMLegg Mason Inc$4.87Mreported value-1.4K shares

Exited positions

JNPRJuniper Networks, Inc.$6.06Mprior reported value-324.6K shares-100.0%ADIAnalog Devices, Inc.$4.70Mprior reported value-103.0K shares-100.0%MRKMerck & Co., Inc.$368.0Kprior reported value-8.0K shares-100.0%