1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Sally Jones
Sally Jones
Articles (580) 

Wedgewood Partners Trims High Gainers

May 31, 2013 | About:

As the CFA and CIO of Wedgewood Partners Inc., Guru David Rolfe has been managing Wedgewood's portfolio for over 18 years. Rolfe recently increased his position with 18 companies in the first quarter of 2013, but he didn’t buy any new stocks and traded very little otherwise. He did reduce his position with two high-gainers, Gilead Sciences Inc. (NASDAQ:GILD), up 126% over the last 12 months and Charles Schwab Corp. (NYSE:SCHW), up 67% over 12 months. Rolfe’s recently updated portfolio lists 22 stocks, with a total value of $2.98 billion and a quarter-over-quarter turnover of 22%. According to GuruFocus research, Guru David Rolfe made the following trades in the first quarter of 2013.

Here are the details of his reductions, as of March 31, 2013.

Reduced: Charles Schwab Corp. (NYSE:SCHW) – Capital Markets

As of March 31, 2013, David Rolfe reduced his position with SCHW by 9%, selling 619,616 shares at an average price of $16.58 for a gain of 22.6%. Rolfe had gains in all five quarters of holding SCHW, with four quarters of gains at 51.9% or higher. This trade impacts his portfolio by -0.41%. Rolfe holds 6,267,418 shares after the trade.

The current share price is $20.16, with a change from average up 22%.


Up 34% year to date, Charles Schwab Corp. (NYSE:SCHW) has a market cap of $25.69 billion. It trades with a P/E of 29.50 and a P/S of 5.20.

Through its subsidiaries, Charles Schwab Corp. is engaged in securities brokerage, banking and related financial services. The company provides financial services to individuals and institutional clients through two segments, Investor Services and Institutional Services.

Reduced: Gilead Sciences Inc. (NASDAQ:GILD) – Biotechnology

As of March 31, 2013, David Rolfe also reduced his position with GILD by 3.03%, selling 70,285 shares at an average price of $41.83 for a gain of 32.3%. Rolfe had gains in all 18 quarters of holding, with 15 quarters of gains at 121.9% or higher. This trade impacts his portfolio by -0.12%. He holds 2,251,933 shares after the trade.

The current share price is $55.80, with a change from average up 34%.

Up 47% year to date, Gilead Sciences Inc. (NASDAQ:GILD) has a market cap of $84.16 billion. It trades with a P/E of 31.20 and a P/S of 9.03.


With operations in North America, Europe and Australia, Gilead Sciences Inc. (NASDAQ:GILD) is a research-based biopharmaceutical company that develops medicines for HIV/AIDS, liver diseases and serious cardiovascular, metabolic and respiratory conditions.

Study the rest of David Rolfe’s trades.

Wedgewood Partners uses a large-cap growth strategy combined with an “invest as business owners” process. The company has outperformed both the S&P 500 and Russell 1000 indexes for 15 years, with Wedgewood at 10.01, Russell 1000 Growth at 3.59 and S&P 500 at 4.47.

If you are not a Premium Member, we invite you for a 7-day Free Trial.

The GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.

About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 3.3/5 (6 votes)


Please leave your comment:

Performances of the stocks mentioned by Sally Jones

User Generated Screeners

cyarmeytop holding f scores 2
cyarmeytop holding f scores
rael2222TOP TOP 3
Saab HoldingsSaab other
ky_chuiProfile 1
mjspencermmm screen
browntroutFwd PE <=9, Gross Margin >= 25
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat