David Rolfe Adds to Most Valuable Stakes in His Portfolio

Jun 18, 2015

In his role as manager of Wedgewood Partners’ portfolio, David Rolfe (Trades, Portfolio)’s investment philosophy has been centered around the belief that significant wealth can be created by investing as “owners” of companies.

Rolfe bought no new stocks in the first quarter, but he did add to several existing holdings, including the four most valuable stakes in his portfolio, reaffirming his “ownership” of each.

Rolfe added 1,267,646 shares to his most valuable stake, Qualcomm Inc (QCOM, Financial), a San Diego-based semiconductor company, for an average price of $70.47 per share. The transaction had a 1.18% impact on Rolfe’s portfolio.

Rolfe added 89,529 shares fo his second-most valuable stake, Berkshire Hathaway Inc (BRK.B, Financial), a multinational holding company based in Omaha, Nebraska, for an average price of $147.14 per share. That purchase had a 0.17% impact on Rolfe’s portfolio.

Rolfe made a modest addition to his third-most valuable stake, Express Scripts Holding Co (ESRX, Financial), a St. Louis-based pharmacy benefit management organization. Rolfe bought 2,366 shares for an average price of $83.87 per share.

Rolfe also added 34,981 shares to his fourth-most valuable stake, Apple Inc (AAPL, Financial), a California-based computer hardware/software and consumer electronics company, for an average price of $120.78 per share. The transaction had a 0.06% impact on Rolfe’s portfolio.

Rolfe also added to his stakes in National Oilwell Varco Inc (NOV, Financial), M&T Bank Corp (MTB, Financial), Core Laboratories NV (CLB, Financial), Coach Inc (COH, Financial), Google Inc (GOOGL, Financial), LKQ Corp (LKQ, Financial), Priceline Group Inc (PCLN), Schlumberger NV (SLB), Cummins Inc (CMI), Verisk Analytics Inc (VRSK), EMC Corp (EMC) and Perrigo Co PLC (PRGO).

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