13F filing recap · Q3 2015

What did Wedgewood Partners buy in Q3 2015?

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

$6.87B

Positions

Estimated turnover

25.3%

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

GOOGLAlphabet Inc.$258.83Mreported value+405.5K shares KHCKraft Heinz Co$174.42Mreported value+2.47M shares PYPLPayPal Holdings, Inc.$161.85Mreported value+5.21M shares GOOGAlphabet Inc.$67.14Mreported value+110.3K shares

Increased positions

BRK.BBerkshire Hathaway Inc$608.86Mreported value+334.7K shares+7.7%AAPLApple Inc.$557.93Mreported value+691.7K shares+15.8%SLBSlb Limited/nv$363.32Mreported value+944.7K shares+21.9%PCLNBooking Holdings Inc$319.24Mreported value+14.1K shares

Reduced positions

QCOMQualcomm Inc/de$512.98Mreported value-499.5K shares-5.0%ESRXExpress Scripts Holding Co$465.27Mreported value-794.1K shares-12.1%MTBM&T Bank Corporation$432.78Mreported value-220.3K shares-5.8%CTSHCognizant Technology Solutions Corporation$430.80Mreported value-791.3K shares

Exited positions

GOOGLAlphabet Inc.$233.75Mprior reported value-432.8K shares-100.0%GOOGAlphabet Inc.$91.67Mprior reported value-176.1K shares-100.0%