David Rolfe's Strategic Moves in Q3 2024: A Closer Look at Alphabet Inc's Position Adjustment

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Insights into Wedgewood's Latest Investment Decisions and Portfolio Changes David Rolfe (Trades, Portfolio), a seasoned portfolio manager at Wedgewood Partners, has recently disclosed his investment ...

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With 18 years of experience and a finance/economics background from the University of Missouri, Rolfe's investment strategy focuses on acquiring stakes in dominant, profitable companies with strong management teams. This approach aims to treat investments not merely as shares, but as integral parts of a business.\n\nWarning! GuruFocus has detected 4 Warning Sign with META.\n\n\nPortfolio Overview\nAs of the third quarter of 2024, David Rolfe (Trades, Portfolio)'s portfolio is composed of 19 stocks, predominantly concentrated in sectors like Technology, Financial Services, and Communication Services. Notable top holdings include Meta Platforms Inc (NASDAQ:META) at 8.72%, Alphabet Inc (NASDAQ:GOOGL) at 8.36%, and Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) at 8.34%. Other significant positions are in PayPal Holdings Inc (NASDAQ:PYPL) and Visa Inc (NYSE:V).\n\nKey Position Increases\nDuring this quarter, David Rolfe (Trades, Portfolio) has increased his investment in a select number of stocks. Notably:\n\nEdwards Lifesciences Corp (NYSE:EW) saw an addition of 4,830 shares, bringing the total to 359,257 shares. This adjustment increased the share count by 1.36% and had a 0.06% impact on the current portfolio, valuing at approximately $23,897,780.\n\nKey Position Reduces\nConversely, Rolfe has reduced his positions in several companies:\n\nAlphabet Inc (NASDAQ:GOOGL) was reduced by 3,332 shares, marking a -1.28% decrease in shares and a -0.11% impact on the portfolio. The stock, which traded at an average price of $167.74 during the quarter, has returned 9.63% over the past three months and 26.00% year-to-date.\nMeta Platforms Inc (NASDAQ:META) was reduced by 940 shares, resulting in a -1.12% reduction in shares and a -0.1% impact on the portfolio. The stock traded at an average price of $514.55 during the quarter and has returned 9.67% over the past three months and 63.55% year-to-date.\n\n\nStrategic Implications\nThe adjustments in Rolfe's portfolio, particularly the reduction in Alphabet Inc, reflect a strategic realignment possibly due to market conditions or shifts in company performance. Despite the reduction, Alphabet remains a significant holding, suggesting a continued belief in its long-term value. This move, coupled with the increase in shares of Edwards Lifesciences, indicates a nuanced balancing of growth prospects against market realities.\nInvestors and market watchers will be keen to see how these changes affect Wedgewood's performance in upcoming quarters, as Rolfe continues to apply his philosophy of investing in business-like fashion, focusing on companies with strong fundamentals and leadership positions in their respective industries.\nThis article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483336709"}