Investment firm Wedgewood Partners, led by David Rolfe, increased its position in Meta Platforms (META) by 16.21% during the second quarter of 2026. According to an SEC filing dated August 14, this raises the firm's total holding to 76,470 shares, valued at approximately $43.1 million and constituting 8.89% of its reported portfolio.
This disclosure reflects trading activity that occurred between April 1 and June 30, 2026. In a letter preceding this period, the firm had indicated it was likely to add to its Meta position. Wedgewood cited strong company-specific benefits from Meta's long-term AI investments as a key reason, despite the stock having recently detracted from the firm's performance.