David Rolfe - Wedgewood Partners Investment Strategy (Dec 31, 2025)
As of Dec 31, 2025, the Wedgewood Partners portfolio managed by David Rolfe demonstrates a sophisticated investment approach with 24 positions and an average holding period of 760 quarters. The strategy focuses on Communication Services, Consumer Cyclical, Energy, Financial Services, Healthcare, Industrials, Technology sectors with a typical position size of 5.2% of the portfolio.
The portfolio's risk management approach includes a maximum position size of 5.18% and sector diversification of 7%, exemplified by the case study of TAIWAN SEMICONDUCTOR MANUFA (TSM). This strategic framework provides insights into David Rolfe's investment philosophy, risk management practices, and long-term value creation approach.
Investment Strategy Metrics
Key metrics revealing investment style, risk management, and performance characteristics
| Metric | Value | Category | Description |
|---|---|---|---|
| Holding Period | 2.1 years | Style | Average duration positions are maintained |
| Position Count | 24 | Style | Number of active positions in portfolio |
| Position Size | 5.2% | Risk | Typical allocation per position |
| Win Rate | 59.8% | Performance | Percentage of profitable positions |
| Average Return | 4.3% | Performance | Mean return across positions |
| Sharpe Ratio | 0.20 | Performance | Return per unit of risk taken |
Investment Case Study: TAIWAN SEMICONDUCTOR MANUFA (TSM)
6/30/2022 - 3/26/2026
Performance Metrics
Total Return: -21.07%
Holding Period: 1365 days
Max Position Size: $28,574.00
Position Weight: 4.94%
Key Events
Investment Thesis
Entry Context: Initial position established based on fundamental analysis
Sector Conditions: Favorable market conditions in the sector
- Market volatility
- Sector-specific risks
Key Learnings
- Position sizing is critical for portfolio management
- Important to monitor sector exposure