13F filing recap · Q3 2016

What did Wedgewood Partners buy in Q3 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

$4.77B

Positions

Estimated turnover

15.9%

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

THSTreehouse Foods Inc$151.70Mreported value+1.74M shares

Increased positions

VVisa Inc.$265.21Mreported value+216.0K shares+7.2%GOOGLAlphabet Inc.$239.11Mreported value+28.9K shares+10.8%CLBCore Laboratories Inc.$212.65Mreported value+205.7K shares+12.2%TAT&T Inc.$465.0Kreported value+26 shares

Reduced positions

AAPLApple Inc.$466.27Mreported value-808.5K shares-16.4%BRK.BBerkshire Hathaway Inc$446.29Mreported value-287.8K shares-8.5%PCLNBooking Holdings Inc$322.97Mreported value-33.7K shares-13.3%KHCKraft Heinz Co$321.49Mreported value-327.1K shares

Exited positions

PGProcter & Gamble Co$203.0Kprior reported value-2.4K shares-100.0%