13F filing recap · Q2 2016

What did Wedgewood Partners buy in Q2 2016?

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

$4.94B

Positions

Estimated turnover

19.5%

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

ROSTRoss Stores, Inc.$141.03Mreported value+2.49M shares TJXThe Tjx Companies, Inc.$110.38Mreported value+1.43M shares PGProcter & Gamble Co$203.0Kreported value+2.4K shares

Increased positions

SRCLStericycle, Inc.$281.19Mreported value+3.4K shares+0.1%AEEAmeren Corp$1.74Mreported value+8 shares+0.0%BXUSDThe Blackstone Group L.p.$1.03Mreported value+1.9K shares+4.8%NLYAnnaly Capital Management, Inc.$839.0Kreported value+125 shares

Reduced positions

BRK.BBerkshire Hathaway Inc$488.95Mreported value-385.4K shares-10.2%AAPLApple Inc.$471.59Mreported value-39.1K shares-0.8%KHCKraft Heinz Co$346.73Mreported value-133.1K shares-3.3%CTSHCognizant Technology Solutions Corporation$321.96Mreported value-393.7K shares

Exited positions

PRGOPerrigo Company Plc$265.82Mprior reported value-2.08M shares-100.0%EMCEmc Corp$831.0Kprior reported value-31.2K shares-100.0%VARVarian Medical Systems, Inc.$406.0Kprior reported value-5.1K shares-100.0%MTBM&T Bank Corporation$301.0Kprior reported value-2.7K shares