13F filing recap · Q2 2004

What did Wedgewood Partners buy in Q2 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

$202.80M

Positions

Estimated turnover

18.6%

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

SLMSlm Corp$5.60Mreported value+138.5K shares

Increased positions

CFCCountrywide Financial Corp$16.06Mreported value+75.0K shares+48.8%MSFTMicrosoft Corporation$14.31Mreported value+57.6K shares+13.0%BRK.BBerkshire Hathaway Inc$14.24Mreported value+406 shares+9.2%FDCFirst Data Corp$13.45Mreported value+19.9K shares

Reduced positions

WMTWalmart Inc.$2.14Mreported value-2.4K shares-5.6%ABAlliancebernstein Holding L.p.$1.85Mreported value-6.2K shares-10.2%PVACPenn Virginia Corporation$786.0Kreported value-9.8K shares-30.7%

Exited positions

AMATApplied Materials Inc /de$212.0Kprior reported value-10.0K shares-100.0%