Seeking Alpha

Wedgewood Partners Q3 2018 Client Letter: Anatomy Of A Bull Market

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About: Facebook, Inc. (FB), SLB, CLB, QCOM, TSCO, EW, BRK.A, BRK.B, BKNG, KHC, CHRW, ODFL, ULTA, Includes: AAPL, DDM, DIA, DOG, DXD, EEH, EPS, EQL, FEX, FWDD, HUSV, IVV, IWL, IWM, JHML, JKD, OTPIX, PSQ, QID, QLD, QQEW, QQQ, QQQE, QQXT, RSP, RWM, RYARX, RYRSX, SCHW, SCHX, SDOW, SDS, SFLA, SH, SMLL, SPDN, SPLX, SPUU, SPXE, SPXL, SPXN, SPXS, SPXT, SPXU, SPXV, SPY, SQQQ, SRTY, SSO, SYE, TNA, TQQQ, TWM, TZA, UDOW, UDPIX, UPRO, URTY, UWM, VFINX, VOO, VTWO, VV
by: Fund Letters
Fund Letters
Fund holdings
Summary

Includes detailed analysis of Wedgewood Partners' positions in FB, SLB, CLB, QCOM, TSCO, EW, BRK.A, BRK.B, BKNG, KHC, CHRW, ODFL, ULTA.

Our Composite (net-of-fees) increased +8.7% during the third quarter of 2018.

The benchmark Russell 1000 Growth Index gained +9.2%. The S&P 500 Index gained +7.7% during the quarter.