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Investor profile

David Rolfe

Wedgewood Partners · Chief Investment Officer · Net worth: —

CIO of Wedgewood since 1992. Runs one of the most concentrated US-based quality-growth strategies — 20 positions maximum, average holding period 5+ years. Cited by Buffett observers as a model of Berkshire-style discipline at smaller scale.

"Concentrated quality. 20 businesses maximum. Buffett-disciplined."

Data verified 2026-05-15 · sourced from SEC EDGAR

Informational only — not investment advice. HoldLens tracks institutional positioning from public 13F filings. We are not a registered investment advisor and do not provide recommendations to buy or sell securities. Our 2026 backtest over 221 ticker-quarter pairs found the ConvictionScore has no predictive signal for forward returns (Pearson r = −0.12). The rankings describe what tracked superinvestors were accumulating or selling at the latest 13F snapshot — useful as market intelligence, not as personal investment advice. 13F data is reported with a 45-day SEC filing lag.

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Latest 13F: Q1 2026(7d ago)Next due: Q2 2026by 2026-08-14● RSS — move alerts

Tracked positions

Top concentration

66%

Longest holding

Apple (since 2005)

David's portfolio concentration: top-1, top-5, top-10

Diversified

Top 1 · GOOGL

9.5%

Top 5 combined

40.4%

Top 10 combined

65.5%

Tracked positions

GOOGLTop-5 zoneTop-10

David's single largest bet is GOOGL at 9.5% of tracked positions. Exposure is spread across a broader basket, reducing single-name risk.

Realized 10-year track record

Wedgewood Partners RiverPark RPFFX (public)

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10y CAGR

12.5%

net of fees

Alpha vs S&P

-0.6%

vs 13.1% benchmark

Win rate

40%

years beating S&P

Quality score

4.8

computed 0–10

Best year

+35%

Worst year

-22%

Cumulative 10y

3.3×

Volatility

16%

David Rolfe's recent 13F moves: buys, adds, trims, and exits

Manager quality score: 4.8/10

Every tracked 13F move — buys, adds, trims, and exits — over the last two quarters.

Q1 2026

3 buys · 3 sells

Ticker	Activity	Share change	% portfolio
PGR	Buy (new)	+83K	3.50%
AMZN	Add 71%	+42K	4.40%
ZTS	Add 8%	+9K	2.90%
PYPL	Sell (exit)	-216K	0.00%
IVV	Reduce 96%	-11K	0.00%
TSM	Reduce 30%	-55K	9.30%

Q4 2025

8 buys · 5 sells

Ticker	Activity	Share change	% portfolio
CB	Buy (new)	+57K	3.40%
AMZN	Buy (new)	+58K	2.60%
IVV	Buy (new)	+12K	1.10%
ODFL	Add 36%	+32K	3.60%
CDW	Add 26%	+31K	4.00%
MSI	Add 25%	+14K	5.30%
TSM	Add 18% Building Taiwan Semi — AI picks and shovels.	+50K	9.10%
FICO	Add 8% Adding to credit scoring monopoly.	+2K	5.90%
POOL	Sell (exit)	-32K	0.00%
PYPL	Reduce 55%	-269K	2.40%
GOOGL	Reduce 21%	-43K	9.90%
ZTS	Reduce 18%	-23K	2.50%
AAPL	Reduce 5% Small 19-year Apple trim.	-30K	10.20%

Q3 2025

2 buys · 0 sells

Ticker	Activity	Share change	% portfolio
TSM	Add 22% Building TSM position.	+55K	7.70%
BRK.B	Add 6% Adding Berkshire.	+38K	7.80%

Q2 2025

2 buys · 5 sells

Ticker	Activity	Share change	% portfolio
ORLY	Add 1371%	+173K	3.80%
ZTS	Buy (new)	+123K	3.80%
UNH	Sell (exit)	-10K	0.00%
IVV	Sell (exit)	-8K	0.00%
GOOGL	Reduce 19%	-47K	7.90%
TSM	Reduce 17%	-39K	9.50%
EW	Reduce 7%	-14K	2.90%

David's sector breakdown

How the top 10 positions are diversified across 3 sectors. Weighted by stated portfolio percentage.

Technology

6 positions · GOOGL, TSM, META, AAPL, MSFT, AMZN

67.6%

44.3% of AUM

Other

3 positions · MSI, BKNG, ODFL

24.3%

15.9% of AUM

Financials

1 position · V

8.1%

5.3% of AUM

Position intelligence · 13F-derived

How Rolfe is sized + moving

Every position classified by both portfolio weight (size bucket) and recent move activity (trend bucket). A 22% Apple position building +5% this quarter signals different intent than a 1% starter trimmed in half. Descriptive analysis of 13F filings — not recommendation.

Core

≥10% positions

Significant

3–10%

Starter

1–3%

Small

<1%

Building

Steady

Trimming

New

Exit pending

Position	% portfolio	Size	Trend
GOOGL ALPHABET INC	9.5%	significant	↓ trimming
TSM TAIWAN SEMICONDUCTOR MANUFAC	9.3%	significant	↓ trimming
META META PLATFORMS INC	8.0%	significant	↓ trimming
AAPL APPLE INC	7.3%	significant	→ steady
MSI MOTOROLA SOLUTIONS INC	6.3%	significant	↑ building
MSFT MICROSOFT CORP	5.8%	significant	↑ building
V VISA INC	5.3%	significant	↓ trimming
BKNG BOOKING HOLDINGS INC	4.9%	significant	→ steady
ODFL OLD DOMINION FREIGHT LINE IN	4.7%	significant	↑ building
AMZN AMAZON COM INC	4.4%	significant	↑ building
TSCO TRACTOR SUPPLY CO	4.4%	significant	↑ building
CDW CDW CORP	3.7%	significant	↑ building
CB CHUBB LTD SWITZ	3.7%	significant	★ new
ORLY OREILLY AUTOMOTIVE INC	3.5%	significant	↑ building
PGR PROGRESSIVE CORP	3.5%	significant	★ new
Showing top 15 of 18 positions.

How to read: Size bucket from current 13F-filed portfolio weight. Trend bucket from the last 2 quarters of move activity (net delta >5% in either direction = building/trimming; new = first-appearance this quarter; exit pending = trimmed >50% last quarter). Data lag: SEC 13F filings are reported 45 days after quarter-end. This is descriptive intelligence — not investment advice.

Score explainability · 9-factor breakdown

What drives the ConvictionScore on Rolfe's top positions

The HoldLens ConvictionScore combines 9 factors. This table shows the per-position breakdown — exactly which factors contribute and by how much for each of Rolfe's top 8 holdings. Hover any header for factor definition. Empty cells (·) = neutral (no contribution).

Ticker	% port	Smart $	Insider	Track	Streak	Conc	Contra	Event	Dissent	Crowd
GOOGL	9.5	+21	-2	-2	+1	+4	·	·	+48	+2
TSM	9.3	+17	+1	·	+10	+5	·	·	+35	·
META	8.0	+30	-2	-3	+10	+7	·	·	+33	+6
AAPL	7.3	+6	-3	-2	·	+2	·	·	+23	·
MSI	6.3	+4	·	-2	·	+3	·	·	+4	·
MSFT	5.8	+23	·	·	+10	+9	·	·	+45	+5
V	5.3	+18	-4	+4	+5	+10	·	·	+43	+3
BKNG	4.9	+3	-3	-2	·	+1	·	·	+12	·

Factor definitions →

Smart $: Manager quality × consensus (0–30)
Insider: Form 4 net buy/sell (-15..+20)
Track: Buyer 10y CAGR × concentration (-10..+20)
Streak: Multi-quarter compounding (0–10)
Conc: Biggest position size as conviction (0–10)
Contra: Under-the-radar bonus (0–10)
Event: 8-K events last 90d (-15..+5)
Dissent: Sells subtract, weighted ×1.6 (0–60)
Crowd: Too many owners = priced in (0–10)

Factors are summed (positive add, penalties subtract), then clamped to the -100/+100 range. Each factor has a maximum contribution shown in parentheses next to its name. Read positive cells as bullish contributions, negative as bearish. See /learn/conviction-score-explained for the full methodology. ConvictionScore is descriptive synthesis of public filings — not investment advice.

Cross-portfolio overlap

Who else holds what Rolfe holds

Top 6 highest-conviction overlap pairs containing David Rolfe. Each page is the full intersection of two 13F-filed portfolios.

See all 435 overlap pairs →

David Rolfe's top 10 disclosed holdings (Q1 2026)

Ticker	Company	% Portfolio	Shares (M)
GOOGL	ALPHABET INC	9.5%	0.16
TSM	TAIWAN SEMICONDUCTOR MANUFAC AI picks and shovels.	9.3%	0.13
META	META PLATFORMS INC	8.0%	0.07
AAPL	APPLE INC Top position — 19-year hold.	7.3%	0.14
MSI	MOTOROLA SOLUTIONS INC	6.3%	0.07
MSFT	MICROSOFT CORP	5.8%	0.07
V	VISA INC Payment network compounder.	5.3%	0.08
BKNG	BOOKING HOLDINGS INC	4.9%	0.01
ODFL	OLD DOMINION FREIGHT LINE IN	4.7%	0.11
AMZN	AMAZON COM INC	4.4%	0.1

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Dividend tax by country

Estimate your withholding on cross-border dividends

Your country of residenceCompany is domiciled inGross dividend (example)

Withholding rate

Domestic (no cross-border)

Tax withheld

$0.00

You'd receive

$1000.00

Of $1000 gross

Source & treaty reference

Treaty: Domestic — no cross-border withholding

Citation: IRC §§ 1441–1446 (withholding applies to foreign persons; US residents not subject to WHT on US-source dividends)

U.S. residents receiving U.S.-source dividends: no cross-border withholding; taxed on return at qualified (0/15/20%) or ordinary rates.

Estimates for educational purposes only. Tax rules change; consult a qualified tax professional for your specific situation. Dividend-tax treatment depends on holding period, account type (taxable vs. retirement), investor type (individual vs. pension vs. mutual fund), limitation-on-benefits tests, and other factors not modeled here.

Full dividend-tax rules for United States investors →

Want David move-alerts?

One email per 13F filing. Summarizes every new position, exit, and trim.

Investors with portfolios similar to David Rolfe

Tracked managers whose top positions overlap with David's portfolio.

Li Lu

Himalaya Capital

2 shared positions: GOOG, BRK.B

Dev Kantesaria

Valley Forge Capital

2 shared positions: FICO, V

Warren Buffett

Berkshire Hathaway

1 shared position: AAPL

See all 29 investors ranked by portfolio similarity →

ETF replication

Which ETF replicates David's portfolio?

Closest match: XLF · overlap score 158.8 across 2 shared top-10 names. Full ranked list of 5 ETFs →

Investing style

David is a growth investor

See 7 other growth managers tracked. Tech-heavy. Concentrated. Holds through volatility on quality conviction.

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Per-quarter digests

What David Rolfe did, quarter by quarter

Full move-by-move breakdown for each of the last 8 filed quarters.

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024

Frequently asked questions

Who is David Rolfe?

David Rolfe runs Wedgewood Partners as chief investment officer. CIO of Wedgewood since 1992. Runs one of the most concentrated US-based quality-growth strategies — 20 positions maximum, average holding period 5+ years. Cited by Buffett observers as a model of Berkshire-style discipline at smaller scale.

What fund does David Rolfe run?

David Rolfe is chief investment officer of Wedgewood Partners. Wedgewood Partners files SEC Form 13F-HR quarterly with the latest disclosure dated 2026-05-15 (Q1 2026). Full holdings, share counts, dollar values, and quarter-over-quarter changes are listed below.

What does David Rolfe invest in?

David Rolfe's Wedgewood Partners portfolio is disclosed quarterly via SEC Form 13F-HR. Each position below shows the ticker, share count, dollar value, percentage of portfolio, and quarter-over-quarter change. Data is sourced directly from SEC filings (public-domain regulatory disclosure).

What is David Rolfe's investment philosophy?

David Rolfe's stated investment philosophy: "Concentrated quality. 20 businesses maximum. Buffett-disciplined.". David Rolfe has been chief investment officer of Wedgewood Partners; estimated net worth —.

What is David Rolfe's net worth?

David Rolfe's estimated net worth is —. David Rolfe runs Wedgewood Partners as chief investment officer; full 13F holdings disclosed quarterly with the SEC are listed below.

Data sourced from Wedgewood Partners 13F filings with the SEC. Approximate snapshot. Not investment advice.

Sister property: SecFilingDex — the encyclopedic reference for Form 13F (HR / NT / HR/A variants) and the regulatory citation behind every position shown above.