13F filing recap · Q1 2005

What did Wedgewood Partners buy in Q1 2005?

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

$252.74M

Positions

Estimated turnover

61.4%

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

MDTMedtronic Plc$11.84Mreported value+232.4K shares 00372Q201Abn Amro Capital Funding Trust VII$323.0Kreported value+13.3K shares RBS-MRoyal Bank of Scotland Group Plc$316.0Kreported value+12.5K shares BAC PrVBank of America Corporation$277.0Kreported value+10.8K shares BPBp Plc$234.0Kreported value+3.8K shares

Increased positions

CBHCommerce Bancorp, Inc.$14.81Mreported value+255.0K shares+126.8%SLMSlm Corp$12.48Mreported value+29.2K shares+13.2%SYYSysco Corporation$11.46Mreported value+102.2K shares+46.9%

Reduced positions

BRK.BBerkshire Hathaway Inc$17.68Mreported value-4.6K shares-42.7%AMGNAmgen Inc.$16.39Mreported value-235.9K shares-45.6%CFCCountrywide Financial Corp$15.67Mreported value-414.6K shares-46.2%CMCSKComcast Corporation$15.47Mreported value-399.9K shares

Exited positions

INTCIntel Corp$4.10Mprior reported value-193.1K shares-100.0%