David Rolfe - Wedgewood Partners
Wedgewood Partners
Latest 13F filing
Q4 2025
filed Feb 17, 2026
Portfolio value
$535.49M
Positions
21
Top 10 concentration
68.0%
QoQ change
-2.3%
$-12.41M
Activity vs. Q3 2025
3
New positions
3
Added to
0
Unchanged
15
Reduced
4
Exited
Portfolio composition — Q4 2025
- TSMTAIWAN SEMICONDUCTOR MFG LTD10.5%
- GOOGLALPHABET INC9.6%
- METAMETA PLATFORMS INC8.5%
- AAPLAPPLE INC7.3%
- MSFTMICROSOFT CORP7.0%
- BKNGBOOKING HOLDINGS INC5.8%
- VVISA INC5.7%
- MSIMOTOROLA SOLUTIONS INC5.1%
- TSCOTRACTOR SUPPLY CO4.5%
- URIUNITED RENTALS INC4.0%
- Other11 more positions32.0%
Top buys
New & added positions, by size
Holdings as of Q4 2025
| # | Ticker | Issuer | Shares | Value | % Portfolio | Reported price | Action | Δ Shares |
|---|---|---|---|---|---|---|---|---|
| 1 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | 184,661 | $56.12M | 10.48% | $303.89 | REDUCE | -2.4% |
| 2 | GOOGL | ALPHABET INC | 163,913 | $51.30M | 9.58% | $313.00 | REDUCE | -20.9% |
| 3 | META | META PLATFORMS INC | 69,135 | $45.64M | 8.52% | $660.09 | REDUCE | -2.1% |
| 4 | AAPL | APPLE INC | 142,920 | $38.85M | 7.26% | $271.86 | REDUCE | -14.4% |
| 5 | MSFT | MICROSOFT CORP | 77,496 | $37.48M | 7.00% | $483.62 | REDUCE | -2.2% |
| 6 | BKNG | BOOKING HOLDINGS INC | 5,817 | $31.15M | 5.82% | $5355.63 | REDUCE | -1.4% |
| 7 | V | VISA INC | 87,151 | $30.56M | 5.71% | $350.71 | REDUCE | -2.2% |
| 8 | MSI | MOTOROLA SOLUTIONS INC | 71,724 | $27.49M | 5.13% | $383.32 | ADD | +24.6% |
| 9 | TSCO | TRACTOR SUPPLY CO | 481,023 | $24.06M | 4.49% | $50.01 | REDUCE | -1.8% |
| 10 | URI | UNITED RENTALS INC | 26,514 | $21.46M | 4.01% | $809.33 | REDUCE | -1.5% |
| 11 | CDW | CDW CORP | 151,871 | $20.68M | 3.86% | $136.20 | ADD | +26.0% |
| 12 | CPRT | COPART INC | 486,085 | $19.03M | 3.55% | $39.15 | REDUCE | -2.2% |
| 13 | ODFL | OLD DOMINION FREIGHT LINE IN | 120,051 | $18.82M | 3.52% | $156.80 | ADD | +35.6% |
| 14 | SPGI | S&P GLOBAL INC | 33,764 | $17.64M | 3.30% | $522.58 | REDUCE | -2.8% |
| 15 | CB | CHUBB LIMITED | 56,526 | $17.64M | 3.29% | $312.12 | NEW | — |
| 16 | ORLY | OREILLY AUTOMOTIVE INC | 188,726 | $17.21M | 3.21% | $91.21 | REDUCE | -1.5% |
| 17 | EW | EDWARDS LIFESCIENCES CORP | 180,882 | $15.42M | 2.88% | $85.25 | REDUCE | -2.1% |
| 18 | AMZN | AMAZON COM INC | 58,266 | $13.45M | 2.51% | $230.82 | NEW | — |
| 19 | ZTS | ZOETIS INC | 104,701 | $13.17M | 2.46% | $125.82 | REDUCE | -17.9% |
| 20 | PYPL | PAYPAL HLDGS INC | 215,900 | $12.60M | 2.35% | $58.38 | REDUCE | -55.5% |
| 21 | IWF | ISHARES TR | 12,019 | $5.69M | 1.06% | $473.30 | NEW | — |
Positions exited in Q4 2025
Source: SEC EDGAR 13F-HR filing Feb 17, 2026. Reported prices are derived from the filing's value-to-shares ratio (effectively the quarter-end mark). Filings are published with a 45-day delay. CIK 0000859804.