13F filing recap · Q4 2017

What did Wedgewood Partners buy in Q4 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

$2.47B

Positions

Estimated turnover

28.5%

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.

Increased positions

CELGCelgene Corporation$100.43Mreported value+285.5K shares+42.2%TAT&T Inc.$459.0Kreported value+425 shares+3.7%

Reduced positions

BRK.BBerkshire Hathaway Inc$227.06Mreported value-314.8K shares-21.6%AAPLApple Inc.$191.38Mreported value-322.2K shares-22.2%VVisa Inc.$162.15Mreported value-416.6K shares-22.7%TSCOTractor Supply Co /de/$155.66Mreported value-685.1K shares

Exited positions

THSTreehouse Foods Inc$701.0Kprior reported value-10.3K shares-100.0%XOMExxon Mobil Corp.$234.0Kprior reported value-2.9K shares-100.0%