13F filing recap · Q1 2011

What did Wedgewood Partners buy in Q1 2011?

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

$680.47M

Positions

Estimated turnover

30.3%

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

BRK.BBerkshire Hathaway Inc$39.63Mreported value+473.8K shares TEVATeva Pharmaceutical Industries Limited$20.18Mreported value+402.1K shares

Increased positions

AAPLApple Inc.$61.27Mreported value+15.9K shares+10.0%ESRXExpress Scripts Holding Co.$49.83Mreported value+85.9K shares+10.6%VVisa Inc.$46.92Mreported value+88.0K shares+16.0%GOOGLAlphabet Inc.$45.62Mreported value+8.5K shares

Reduced positions

SRCLStericycle, Inc.$20.69Mreported value-56.1K shares-19.4%LLTCLinear Technology Corporation$20.01Mreported value-48.0K shares-7.5%

Exited positions

ECLEcolab Inc.$23.52Mprior reported value-466.4K shares-100.0%PRGOPerrigo Company Plc$20.67Mprior reported value-316.4K shares-100.0%EXPDExpeditors International of Washington, Inc.$12.47Mprior reported value-228.5K shares-100.0%