13F filing recap · Q3 2013

What did Wedgewood Partners buy in Q3 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

$4.17B

Positions

Estimated turnover

14.9%

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

MTBM&T Bank Corporation$165.25Mreported value+1.48M shares

Increased positions

AAPLApple Inc.$399.20Mreported value+43.9K shares+5.5%BRK.BBerkshire Hathaway Inc$279.28Mreported value+212.2K shares+9.4%QCOMQualcomm Inc/de$268.72Mreported value+301.5K shares+8.2%EMCEmc Corp$256.62Mreported value+736.7K shares

Reduced positions

CTSHCognizant Technology Solutions Corporation$257.78Mreported value-668.3K shares-17.6%SCHWSchwab Charles Corp$105.35Mreported value-2.15M shares-30.2%