13F filing recap · Q4 2004

What did Wedgewood Partners buy in Q4 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

$428.15M

Positions

Estimated turnover

77.1%

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

CBHCommerce Bancorp, Inc.$12.95Mreported value+201.1K shares SLMSlm Corp$11.81Mreported value+221.3K shares SYYSysco Corporation$8.32Mreported value+218.0K shares SLMSlm Corp$892.0Kreported value+15.5K shares 67087Y209Onb Capital Trust II$820.0Kreported value+30.4K shares BUDAnheuser-Busch Inbev Sa/nv$411.0Kreported value+8.1K shares

Increased positions

CFCCountrywide Financial Corp$34.25Mreported value+463.6K shares+106.8%BRK.BBerkshire Hathaway Inc$31.41Mreported value+5.7K shares+110.2%AMGNAmgen Inc.$31.37Mreported value+267.7K shares+107.1%MSFTMicrosoft Corporation$29.29Mreported value+551.4K shares