13F filing recap · Q4 2008

What did Wedgewood Partners buy in Q4 2008?

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

$254.41M

Positions

Estimated turnover

35.6%

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

AMGNAmgen Inc.$8.83Mreported value+476.1K shares NTRSNorthern Trust Corp$6.46Mreported value+124.0K shares VVisa Inc.$6.43Mreported value+122.5K shares GILDGilead Sciences, Inc.$3.16Mreported value+67.5K shares

Increased positions

AAPLApple Inc.$23.52Mreported value+43.6K shares+18.8%DNAGenentech Inc$18.06Mreported value+96.1K shares+59.4%GOOGLAlphabet Inc.$17.35Mreported value+3.5K shares+6.7%GSThe Goldman Sachs Group, Inc.$16.16Mreported value+10.2K shares

Reduced positions

BRK.BBerkshire Hathaway Inc$25.83Mreported value-788 shares-8.9%QCOMQualcomm Inc/de$20.99Mreported value-51.3K shares-8.0%ESRXExpress Scripts Holding Co.$16.16Mreported value-6.9K shares-2.3%EXPDExpeditors International of Washington, Inc.$13.51Mreported value-43.5K shares

Exited positions

AXPAmerican Express Co$12.99Mprior reported value-366.7K shares-100.0%PCPPrecision Castparts Corp$10.91Mprior reported value-138.5K shares-100.0%