David Rolfe - Wedgewood Partners 13F Activity & Position Changes (Q2 2016)

As of Jun 30, 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 Q2 2016, the filing reported:

New Buys - Procter & Gamble Company (The), Ross Stores, Inc., TJX Companies, Inc. (The)

Increases - Ameren Corporation, Ecolab Inc., Stericycle, Inc.

Reductions - Apple Inc., Berkshire Hathaway Inc. New, Cognizant Technology Solutions , The Kraft Heinz Company, LKQ Corporation, and 5 more

Complete Exits - M&T Bank Corporation

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
Q2 2016	AAPL Apple Inc.	Apple Inc.	Sell	-39,141	-0.8%	$471.59K	4,932,995
Q2 2016	AEE Ameren Corporation	Ameren Corporation	Buy	+8	+0.0%	$1.74K	32,537
Q2 2016	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-385,377	-10.2%	$488.95K	3,376,990
Q2 2016	CTSH Cognizant Technology Solutions	Cognizant Technology Solutions	Sell	-393,739	-6.5%	$321.96K	5,624,679
Q2 2016	ECL Ecolab Inc.	Ecolab Inc.	Buy	+21	+0.4%	$672.00	5,671
Q2 2016	KHC The Kraft Heinz Company	The Kraft Heinz Company	Sell	-133,124	-3.3%	$346.73K	3,918,756
Q2 2016	LKQ LKQ Corporation	LKQ Corporation	Sell	-1,414,775	-16.4%	$228.20K	7,198,689
Q2 2016	MTB M&T Bank Corporation	M&T Bank Corporation	Sell - Position Exit	-2,711	-100.0%	$0.00	-
Q2 2016	PEP Pepsico, Inc.	Pepsico, Inc.	Sell	-155	-4.7%	$333.00	3,145
Q2 2016	PG Procter & Gamble Company (The)	Procter & Gamble Company (The)	Buy - Position Entry	+2,400	-	$203.00	2,400
Q2 2016	QCOM QUALCOMM Incorporated	QUALCOMM Incorporated	Sell	-1,936,109	-32.5%	$215.01K	4,013,697
Q2 2016	ROST Ross Stores, Inc.	Ross Stores, Inc.	Buy - Position Entry	+2,487,764	-	$141.03K	2,487,764
Q2 2016	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Sell	-217,363	-3.8%	$139.93K	5,528,510
Q2 2016	SLB Schlumberger N.V.	Schlumberger N.V.	Sell	-382,703	-8.7%	$315.68K	3,991,924
Q2 2016	SRCL Stericycle, Inc.	Stericycle, Inc.	Buy	+3,378	+0.1%	$281.19K	2,700,590
Q2 2016	TJX TJX Companies, Inc. (The)	TJX Companies, Inc. (The)	Buy - Position Entry	+1,429,281	-	$110.38K	1,429,281
Q2 2016	USB U.S. Bancorp	U.S. Bancorp	Sell	-525	-0.5%	$4.57K	113,235