13F filing recap · Q3 2017

What did Wedgewood Partners buy in Q3 2017?

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

$2.93B

Positions

Estimated turnover

20.4%

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

BPBp Plc$419.0Kreported value+10.9K shares XOMExxon Mobil Corp.$234.0Kreported value+2.9K shares

Increased positions

TSCOTractor Supply Co /de/$175.16Mreported value+210.9K shares+8.3%FASTFastenal Co$168.84Mreported value+230.6K shares+6.6%EWEdwards Lifesciences Corporation$146.81Mreported value+481.7K shares+55.9%ROSTRoss Stores, Inc.$131.10Mreported value+124.5K shares

Reduced positions

BRK.BBerkshire Hathaway Inc$267.70Mreported value-287.1K shares-16.4%AAPLApple Inc.$223.94Mreported value-269.6K shares-15.7%VVisa Inc.$193.50Mreported value-389.2K shares-17.5%GOOGLAlphabet Inc.$187.92Mreported value-21.7K shares

Exited positions

NOVNov Inc.$340.0Kprior reported value-10.3K shares-100.0%