Wedgewood Partners
​Growth, Profitability, Valuations

The 3rd Quarter Wedgewood Partners 
​Client Letter is available in 2 sections below.

Artificial Intelligence (AI) stocks long continue to be darlings of Wall Street. The enormity of the AI ecosystem, in terms of revenues, earnings and cash flow, has buoyed the superlative outperformance of so many AI stocks, yet, to try to grasp the ever-growing forecasts of trillions in the necessary infrastructure to support the current insatiable demand does give an investor pause the grasp it all – particularly given how crowded the “AI trade” has become.

Read Full Client Letter

Wedgewood Large Cap Focused Growth Portfolio Review

Top performance contributors for the third quarter include Alphabet, Taiwan Semiconductor Manufacturing, Apple, United Rentals and O’Reilly Automotive.  Top performance detractors for the quarter include PayPal, CDW, Booking Holdings, Copart and Old Dominion Freight Line.

Read Portfolio Review

If You Build It, Will They Come?

The new, news during the quarter was the almost unbelievable, near-parabolic increases of forecasts and circular deal press releases of AI infrastructure spending over the next few years.  In addition, the current demand for all forms of AI continues to exceed supply, as well as the ever-increasing announcements of funding with creative capital as organic generated cash flow funding increasingly fails to cover AI project funding.

Read Market Commentary

"Profitability is our North Star. We ask the question - why is a company more profitable than their competitors."

Wedgewood Large Cap Focused Growth 
​Fact Sheet
Investment Approach
​Why Wedgewood


As of January 1, 2023, Wedgewood Partners, Inc. has a contractual agreement with Focus Distributors to market and promote Wedgewood for compensation, which presents a conflict of interest. Focus Distributors is not a client of Wedgewood.

Any holdings identified do not represent all of the securities purchased, sold, or recommended for client portfolios.  The reader should not construe any information on this page as an offer to buy or sell, as a solicitation of an offer to buy or sell, or as a recommendation to buy, sell, hold, or trade, any security.  The reader should not presume that any securities identified will be profitable. Past performance is not indicative of future results. 
DISCLAIMER:
The information and/or statistical data contained herein have been obtained from sources, which we believe to be reliable, but in no way are warranted by us to accuracy or completeness. We do not undertake to advise you as to any change in figures or our views. This is not a solicitation of any order to buy or sell. We, our affiliates and any officer, director or stockholder or any member of their families, may have a position in and may from time to time purchase or sell any of the above mentioned or related securities. Past results are no guarantee of future performance. 
Returns are presented net of fees and include the reinvestment of all income. “Net (Actual)” returns are calculated using actual management fees and are reduced by all fees and transaction costs incurred.



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