13F filing recap · Q2 2005

What did Wedgewood Partners buy in Q2 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

$267.53M

Positions

Estimated turnover

16.3%

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

KRBMbna Corporation$8.18Mreported value+312.6K shares JNPRJuniper Networks, Inc.$2.71Mreported value+107.4K shares MBHIMidwest Banc Holdings$313.0Kreported value+16.3K shares KKellanova$222.0Kreported value+5.0K shares

Increased positions

BRK.BBerkshire Hathaway Inc$17.81Mreported value+208 shares+3.4%AMGNAmgen Inc.$17.35Mreported value+5.4K shares+1.9%LMLegg Mason Inc$16.20Mreported value+72 shares+0.0%NXTLNextel Communications, Inc.$15.73Mreported value+5.7K shares

Reduced positions

CFCCountrywide Financial Corp$18.02Mreported value-16.1K shares-3.3%AHRAnthracite Capital, Inc.$868.0Kreported value-33.3K shares-31.2%PFEPfizer Inc.$642.0Kreported value-21.7K shares-48.2%67087Y209Onb Capital Trust II$510.0Kreported value-2.1K shares

Exited positions

MCITWorldcom Inc$13.23Mprior reported value-538.9K shares-100.0%