# David Rolfe — Wedgewood Partners

Portfolio USD 484,432,000 · 18 positions · 2026 Q2 · history from 2011 Q4.
Source: quarterly 13F filings via dataroma.com. Page: https://gigainvestors.com/WP

## Positions (2026 Q2)

| Ticker | Company | % of portfolio | Value | This quarter | Holders |
|---|---|---:|---:|---|---:|
| TSM | Taiwan Semiconductor S.A. | 10% | USD 50,383,000 | -18.44% |  |
| GOOGL | Alphabet Inc. | 9.4% | USD 45,471,000 | -18.28% |  |
| META | Meta Platforms Inc. | 8.9% | USD 43,075,000 | +16.21% |  |
| AAPL | Apple Inc. | 7.8% | USD 37,814,000 | -3.29% |  |
| MSFT | Microsoft Corp. | 6.9% | USD 33,392,000 | +21.1% |  |
| AMZN | Amazon.com Inc. | 6.7% | USD 32,281,000 | +35.57% |  |
| V | Visa Inc. | 6.3% | USD 30,599,000 | +7.44% |  |
| MSI | Motorola Solutions Inc. | 5.6% | USD 27,261,000 | -3.38% |  |
| ODFL | Old Dominion Freight Line | 4.9% | USD 23,888,000 | -3.21% |  |
| BKNG | Booking Holdings Inc. | 4.9% | USD 23,768,000 | -3.32% |  |
| PGR | Progressive Corp. | 4.8% | USD 23,213,000 | +27.48% |  |
| CB | Chubb Limited | 4.8% | USD 23,183,000 | +26.26% |  |
| URI | United Rentals | 3.9% | USD 18,955,000 | -33.58% |  |
| ORLY | O'Reilly Automotive | 3.3% | USD 15,899,000 | -3.22% |  |
| EW | Edwards Lifesciences Corp. | 3.1% | USD 14,945,000 | -3.37% |  |
| TOL | Toll Brothers | 3.1% | USD 14,920,000 | +2.59% |  |
| SPGI | S&P Global Inc. | 2.6% | USD 12,763,000 | -3.19% |  |
| CPRT | Copart Inc. | 2.6% | USD 12,622,000 | -3.24% |  |

## Moves this quarter (22)

- TSM Taiwan Semiconductor S.A.: -18.44% (USD 50,383,000)
- GOOGL Alphabet Inc.: -18.28% (USD 45,471,000)
- META Meta Platforms Inc.: +16.21% (USD 43,075,000)
- AAPL Apple Inc.: -3.29% (USD 37,814,000)
- MSFT Microsoft Corp.: +21.1% (USD 33,392,000)
- AMZN Amazon.com Inc.: +35.57% (USD 32,281,000)
- V Visa Inc.: +7.44% (USD 30,599,000)
- MSI Motorola Solutions Inc.: -3.38% (USD 27,261,000)
- ODFL Old Dominion Freight Line: -3.21% (USD 23,888,000)
- BKNG Booking Holdings Inc.: -3.32% (USD 23,768,000)
- PGR Progressive Corp.: +27.48% (USD 23,213,000)
- CB Chubb Limited: +26.26% (USD 23,183,000)
- TSCO Tractor Supply: sold (USD 20,661,058)
- URI United Rentals: -33.58% (USD 18,955,000)
- CDW CDW Corp.: sold (USD 17,532,167)
- ORLY O'Reilly Automotive: -3.22% (USD 15,899,000)
- EW Edwards Lifesciences Corp.: -3.37% (USD 14,945,000)
- TOL Toll Brothers: +2.59% (USD 14,920,000)
- ZTS Zoetis Inc.: sold (USD 13,421,682)
- SPGI S&P Global Inc.: -3.19% (USD 12,763,000)
- CPRT Copart Inc.: -3.24% (USD 12,622,000)
- IWF iShares Russell 1000 Growth ETF: sold (USD 222,993)

## Portfolio value by quarter

- 2011 Q4: USD 820,281,417 (9 positions)
- 2012 Q1: USD 1,236,731,215 (10 positions)
- 2012 Q2: USD 1,300,995,608 (10 positions)
- 2012 Q3: USD 1,567,768,297 (11 positions)
- 2012 Q4: USD 2,159,433,479 (12 positions)
- 2013 Q1: USD 2,918,039,060 (12 positions)
- 2013 Q2: USD 3,461,605,309 (12 positions)
- 2013 Q3: USD 4,169,606,265 (12 positions)
- 2013 Q4: USD 4,807,893,904 (11 positions)
- 2014 Q1: USD 5,400,551,445 (11 positions)
- 2014 Q2: USD 5,732,938,209 (12 positions)
- 2014 Q3: USD 6,187,775,646 (12 positions)
- 2014 Q4: USD 7,417,839,752 (13 positions)
- 2015 Q1: USD 7,450,440,595 (13 positions)
- 2015 Q2: USD 7,467,776,610 (13 positions)
- 2015 Q3: USD 6,868,608,978 (15 positions)
- 2015 Q4: USD 5,824,046,879 (15 positions)
- 2016 Q1: USD 5,515,062,742 (28 positions)
- 2016 Q2: USD 4,933,894,488 (30 positions)
- 2016 Q3: USD 4,770,106,919 (30 positions)
- 2016 Q4: USD 4,095,344,313 (32 positions)
- 2017 Q1: USD 3,882,516,255 (35 positions)
- 2017 Q2: USD 3,265,114,734 (35 positions)
- 2017 Q3: USD 2,932,137,430 (37 positions)
- 2017 Q4: USD 2,470,974,589 (36 positions)
- 2018 Q1: USD 2,174,294,671 (34 positions)
- 2018 Q2: USD 1,979,949,969 (33 positions)
- 2018 Q3: USD 1,995,471,736 (36 positions)
- 2018 Q4: USD 1,506,938,870 (35 positions)
- 2019 Q1: USD 1,370,031,916 (36 positions)
- 2019 Q2: USD 1,181,533,818 (38 positions)
- 2019 Q3: USD 1,128,451,104 (38 positions)
- 2019 Q4: USD 986,283,926 (39 positions)
- 2020 Q1: USD 527,493,937 (41 positions)
- 2020 Q2: USD 590,164,465 (38 positions)
- 2020 Q3: USD 632,408,846 (35 positions)
- 2020 Q4: USD 672,493,911 (37 positions)
- 2021 Q1: USD 649,527,460 (38 positions)
- 2021 Q2: USD 690,037,383 (40 positions)
- 2021 Q3: USD 709,328,779 (40 positions)
- 2021 Q4: USD 753,208,075 (39 positions)
- 2022 Q1: USD 708,912,559 (42 positions)
- 2022 Q2: USD 578,933,681 (40 positions)
- 2022 Q3: USD 531,640,379 (40 positions)
- 2022 Q4: USD 544,481,944 (41 positions)
- 2023 Q1: USD 589,846,518 (37 positions)
- 2023 Q2: USD 620,289,980 (36 positions)
- 2023 Q3: USD 417,941,842 (21 positions)
- 2023 Q4: USD 475,191,474 (20 positions)
- 2024 Q1: USD 499,794,810 (19 positions)
- 2024 Q2: USD 489,968,828 (19 positions)
- 2024 Q3: USD 550,889,945 (19 positions)
- 2024 Q4: USD 507,883,268 (19 positions)
- 2025 Q1: USD 496,359,709 (20 positions)
- 2025 Q2: USD 515,241,089 (19 positions)
- 2025 Q3: USD 547,952,844 (19 positions)
- 2025 Q4: USD 535,599,529 (21 positions)
- 2026 Q1: USD 484,188,256 (22 positions)
- 2026 Q2: USD 484,432,000 (18 positions)