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

According to the SEC 13F filed on Aug 14, 2026, the Wedgewood Partners portfolio showed several notable changes in holdings as of quarter-end Jun 30, 2016. 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