Insight into Wedgewood’s Latest Portfolio Adjustments and Key Stock Performances
David Rolfe (Trades, Portfolio), a seasoned portfolio manager with 18 years at the helm of Wedgewood’s investments, has recently filed the 13F for the second quarter of 2024. A University of Missouri alumnus with a B.S.B.A. in Finance/Economics, Rolfe’s investment strategy focuses on owning shares in dominant, profitable companies with sustainable growth and strong management teams. This approach aims to build significant long-term wealth by investing in companies that are leaders in their respective fields and show consistent financial performance.
During this quarter, David Rolfe (Trades, Portfolio) has increased his position in several stocks, with a significant focus on Edwards Lifesciences Corp (NYSE:EW). The additional 108,976 shares bring his total to 354,427 shares. This adjustment not only increased his share count by 44.4% but also had a 1.46% impact on his current portfolio, valuing at approximately $23,229,150.
Conversely, Rolfe has made reductions in 18 stocks. Notable decreases include:
As of the second quarter of 2024, David Rolfe (Trades, Portfolio)’s portfolio consists of 19 stocks. The top holdings include 8.82% in Meta Platforms Inc (NASDAQ:META), 8.64% in Alphabet Inc (NASDAQ:GOOGL), 8.48% in Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM), 7.7% in Apple Inc (NASDAQ:AAPL), and 6.81% in Visa Inc (NYSE:V). These holdings are predominantly concentrated in seven industries: Technology, Communication Services, Financial Services, Consumer Cyclical, Healthcare, Industrials, and Energy, reflecting Rolfe’s strategic diversification across sectors.
This detailed analysis of David Rolfe (Trades, Portfolio)’s 13F filing for Q2 2024 highlights his strategic investment decisions, focusing on both increasing and reducing positions to optimize the portfolio’s performance. His significant increase in Edwards Lifesciences Corp and reductions in other key stocks like Motorola Solutions and Alphabet Inc reflect a dynamic approach to managing his investments in line with his long-term wealth creation philosophy.