13F filing recap · Q4 2016

What did Wedgewood Partners buy in Q4 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

$4.10B

Positions

Estimated turnover

28.0%

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

TSCOTractor Supply Co /de/$117.97Mreported value+1.56M shares FASTFastenal Co$117.15Mreported value+2.49M shares

Increased positions

VVisa Inc.$253.83Mreported value+46.5K shares+1.4%THSTreehouse Foods Inc$129.99Mreported value+60.8K shares+3.5%BXUSDThe Blackstone Group L.p.$1.23Mreported value+3.5K shares+8.3%VZVerizon Communications Inc$1.06Mreported value+890 shares

Reduced positions

AAPLApple Inc.$408.19Mreported value-600.2K shares-14.6%BRK.BBerkshire Hathaway Inc$405.94Mreported value-598.4K shares-19.4%KHCKraft Heinz Co$302.57Mreported value-126.7K shares-3.5%PCLNBooking Holdings Inc$271.11Mreported value-34.6K shares

Exited positions

SRCLStericycle, Inc.$204.96Mprior reported value-2.56M shares-100.0%