David Rolfe - Wedgewood Partners 13F Activity & Position Changes (Q4 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 Dec 31, 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 Q4 2016, the filing reported:

New Buys - Fastenal Company, Tractor Supply Company

Increases - Ecolab Inc., Pepsico, Inc., Verizon Communications Inc.

Reductions - Apple Inc., Ameren Corporation, Berkshire Hathaway Inc. New, Cognizant Technology Solutions , Consolidated Edison, Inc., and 9 more

Complete Exits - Stericycle, Inc., AT&T 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
Q4 2016	AAPL Apple Inc.	Apple Inc.	Sell	-600,156	-14.6%	$408.19K	3,524,334
Q4 2016	AEE Ameren Corporation	Ameren Corporation	Sell	-10,845	-35.3%	$1.04K	19,875
Q4 2016	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-598,403	-19.4%	$405.94K	2,490,758
Q4 2016	CTSH Cognizant Technology Solutions	Cognizant Technology Solutions	Sell	-2,849,402	-53.0%	$141.57K	2,526,738
Q4 2016	ECL Ecolab Inc.	Ecolab Inc.	Buy	+72	+1.3%	$670.00	5,722
Q4 2016	ED Consolidated Edison, Inc.	Consolidated Edison, Inc.	Sell	-750	-5.5%	$950.00	12,900
Q4 2016	FAST Fastenal Company	Fastenal Company	Buy - Position Entry	+2,493,679	-	$117.15K	2,493,679
Q4 2016	KHC The Kraft Heinz Company	The Kraft Heinz Company	Sell	-126,660	-3.5%	$302.57K	3,465,043
Q4 2016	LKQ LKQ Corporation	LKQ Corporation	Sell	-611,451	-13.8%	$117.39K	3,830,200
Q4 2016	PAYX Paychex, Inc.	Paychex, Inc.	Sell	-1,450	-8.0%	$1.02K	16,700
Q4 2016	PEP Pepsico, Inc.	Pepsico, Inc.	Buy	+90	+2.9%	$336.00	3,215
Q4 2016	QCOM QUALCOMM Incorporated	QUALCOMM Incorporated	Sell	-540,165	-15.6%	$190.45K	2,920,979
Q4 2016	ROST Ross Stores, Inc.	Ross Stores, Inc.	Sell	-313,154	-14.5%	$120.72K	1,840,244
Q4 2016	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Sell	-715,949	-13.6%	$178.96K	4,534,145
Q4 2016	SLB Schlumberger N.V.	Schlumberger N.V.	Sell	-559,383	-15.0%	$267.10K	3,181,718
Q4 2016	SRCL Stericycle, Inc.	Stericycle, Inc.	Sell - Position Exit	-2,557,466	-100.0%	$0.00	-
Q4 2016	T AT&T Inc.	AT&T Inc.	Sell - Position Exit	-11,470	-100.0%	$0.00	-
Q4 2016	TJX TJX Companies, Inc. (The)	TJX Companies, Inc. (The)	Sell	-171,347	-12.7%	$88.38K	1,176,404
Q4 2016	TSCO Tractor Supply Company	Tractor Supply Company	Buy - Position Entry	+1,556,174	-	$117.97K	1,556,174
Q4 2016	USB U.S. Bancorp	U.S. Bancorp	Sell	-7,375	-7.6%	$4.61K	89,800
Q4 2016	VZ Verizon Communications Inc.	Verizon Communications Inc.	Buy	+890	+4.7%	$1.06K	19,865