David Rolfe - Wedgewood Partners 13F Activity & Position Changes (Q4 2016)

As of Dec 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 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