In a quarterly disclosure showing portfolio changes as of June 30, 2026, David Rolfe's Wedgewood Partners revealed it had completely sold its stake in IT solutions provider CDW Corp. The firm offloaded its entire position of 144,870 shares, a move valued at approximately $17.53 million based on the reported value. This disclosure, filed with the SEC on August 14, 2026, reflects trading activity from the second quarter and not a recent decision.
The sale preceded CDW's strong second-quarter earnings report on August 5, 2026, where the company announced a 10% year-over-year revenue increase, driven by demand for AI infrastructure. Despite beating revenue and earnings estimates, the company's stock faced pressure due to concerns over shrinking profit margins and weaker cash flow. Wedgewood Partners has not publicly commented on the specific reasons for exiting its position, which had previously accounted for a 3.62% weight in its portfolio.