13F filing recap · Q1 2006

What did Wedgewood Partners buy in Q1 2006?

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

$430.47M

Positions

Estimated turnover

38.8%

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

AAPLApple Inc.$21.92Mreported value+349.5K shares WWYWm. Wrigley Jr. Company$21.84Mreported value+341.3K shares

Increased positions

BRK.BBerkshire Hathaway Inc$30.62Mreported value+1.4K shares+16.3%AMGNAmgen Inc.$27.05Mreported value+43.5K shares+13.2%CBHCommerce Bancorp, Inc.$26.54Mreported value+66.1K shares+10.0%SSprint Nextel Corporation$25.90Mreported value+131.5K shares

Reduced positions

VARVarian Medical Systems, Inc.$21.76Mreported value-66.5K shares-14.6%LMLegg Mason Inc$17.00Mreported value-30.0K shares-18.1%AHRAnthracite Capital, Inc.$695.0Kreported value-2.5K shares-3.8%67087Y209Onb Capital Trust II$470.0Kreported value-650 shares

Exited positions

UNHUnitedHealth Group Incorporated$16.58Mprior reported value-533.9K shares-100.0%AAPLAppell Petroleum Corp$12.15Mprior reported value-169.1K shares-100.0%CMCSKComcast Corporation$433.0Kprior reported value-16.9K shares-100.0%CFCCountrywide Financial Corp$260.0Kprior reported value