David Rolfe - Wedgewood Partners 13F Activity & Position Changes (Q1 2016)

As of Mar 31, 2016, the Wedgewood Partners portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2026. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2016, the filing reported:

New Buys - Ameren Corporation, Ecolab Inc., Consolidated Edison, Inc., Johnson & Johnson, M&T Bank Corporation, and 4 more

Increases - Apple Inc., The Kraft Heinz Company, Stericycle, Inc.

Reductions - Berkshire Hathaway Inc. New, Cognizant Technology Solutions , LKQ Corporation, QUALCOMM Incorporated, Schlumberger N.V.

Complete Exits - Cummins Inc.

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2016	AAPL Apple Inc.	Apple Inc.	Buy	+136,456	+2.8%	$541.91K	4,972,136
Q1 2016	AEE Ameren Corporation	Ameren Corporation	Buy - Position Entry	+32,529	-	$1.63K	32,529
Q1 2016	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-430,495	-10.3%	$533.80K	3,762,367
Q1 2016	CMI Cummins Inc.	Cummins Inc.	Sell - Position Exit	-17,175	-100.0%	$0.00	-
Q1 2016	CTSH Cognizant Technology Solutions	Cognizant Technology Solutions	Sell	-6,534	-0.1%	$377.35K	6,018,418
Q1 2016	ECL Ecolab Inc.	Ecolab Inc.	Buy - Position Entry	+5,650	-	$630.00	5,650
Q1 2016	ED Consolidated Edison, Inc.	Consolidated Edison, Inc.	Buy - Position Entry	+14,250	-	$1.09K	14,250
Q1 2016	JNJ Johnson & Johnson	Johnson & Johnson	Buy - Position Entry	+5,250	-	$568.00	5,250
Q1 2016	KHC The Kraft Heinz Company	The Kraft Heinz Company	Buy	+771,693	+23.5%	$318.31K	4,051,880
Q1 2016	LKQ LKQ Corporation	LKQ Corporation	Sell	-348,598	-3.9%	$275.03K	8,613,464
Q1 2016	MTB M&T Bank Corporation	M&T Bank Corporation	Buy - Position Entry	+2,711	-	$301.00	2,711
Q1 2016	PAYX Paychex, Inc.	Paychex, Inc.	Buy - Position Entry	+18,150	-	$980.00	18,150
Q1 2016	PEP Pepsico, Inc.	Pepsico, Inc.	Buy - Position Entry	+3,300	-	$338.00	3,300
Q1 2016	QCOM QUALCOMM Incorporated	QUALCOMM Incorporated	Sell	-2,494,711	-29.5%	$304.27K	5,949,806
Q1 2016	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Buy - Position Entry	+5,745,873	-	$161.00K	5,745,873
Q1 2016	SLB Schlumberger N.V.	Schlumberger N.V.	Sell	-382,785	-8.0%	$322.63K	4,374,627
Q1 2016	SRCL Stericycle, Inc.	Stericycle, Inc.	Buy	+535,963	+24.8%	$340.36K	2,697,212
Q1 2016	USB U.S. Bancorp	U.S. Bancorp	Buy - Position Entry	+113,760	-	$4.62K	113,760