13F filing recap · Q2 2013

What did Wedgewood Partners buy in Q2 2013?

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

$3.46B

Positions

Estimated turnover

41.6%

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

ESRXExpress Scripts Holding Co$210.46Mreported value+3.41M shares PCLNBooking Holdings Inc$122.45Mreported value+148.1K shares

Increased positions

AAPLApple Inc.$314.62Mreported value+155.4K shares+24.4%BRK.BBerkshire Hathaway Inc$251.62Mreported value+302.0K shares+15.5%CTSHCognizant Technology Solutions Corporation$238.49Mreported value+1.95M shares+105.3%QCOMQualcomm Inc/de$225.43Mreported value+709.1K shares

Reduced positions

GOOGLAlphabet Inc.$188.14Mreported value-12.8K shares-5.7%AXPAmerican Express Co$96.22Mreported value-212.5K shares-14.2%MNSTMonster Beverage Corp$93.16Mreported value-265.5K shares-14.8%

Exited positions

ESRXExpress Scripts Holding Co.$167.71Mprior reported value-2.91M shares-100.0%EXPDExpeditors International of Washington, Inc.$101.75Mprior reported value-2.85M shares-100.0%BKNGBooking Holdings Inc$92.52Mprior reported value-134.4K shares-100.0%