Insights into Wedgewood’s Latest Investment Decisions and Portfolio Changes
David Rolfe (Trades, Portfolio), a seasoned portfolio manager at Wedgewood Partners, has recently disclosed his investment activities for the third quarter of 2024 through the latest 13F filing. With 18 years of experience and a finance/economics background from the University of Missouri, Rolfe’s investment strategy focuses on acquiring stakes in dominant, profitable companies with strong management teams. This approach aims to treat investments not merely as shares, but as integral parts of a business.
Key Position Reduces
Conversely, Rolfe has reduced his positions in several companies:
Strategic Implications
The adjustments in Rolfe’s portfolio, particularly the reduction in Alphabet Inc, reflect a strategic realignment possibly due to market conditions or shifts in company performance. Despite the reduction, Alphabet remains a significant holding, suggesting a continued belief in its long-term value. This move, coupled with the increase in shares of Edwards Lifesciences, indicates a nuanced balancing of growth prospects against market realities.