Wedgewood Investors Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 29, 2025), Wedgewood Investors Inc. reported 97 stock positions worth $84.2 million. Its top holding was Erie Indemnity Class A (ERIE) at 12.0% of the portfolio, followed by Microsoft (MSFT, 5.6%) and Apple (AAPL, 3.0%). Compared with Q4 2024, it opened 5 new positions, sold out of 4, added to 9 and reduced 35. The biggest buy was a new position in Abbvie (ABBV) and the biggest sale Microsoft (MSFT, shares −0%).

Most Recent 13F
Q2 2026
Location
ERIE, PA
CIK
0001125243
Portfolio Value
$84.2M (Q1 2025)
SEC Filing
0001125243-25-000003 ↗ filed Apr 29, 2025

Holdings Value

0$20.0M$40.0M$60.0M$80.0M$100.0M Q2 2024: $84.2M Q2 2024 Q3 2024: $91.6M Q3 2024 Q4 2024: $84.9M Q4 2024 Q1 2025: $84.2M $84.2M Q1 2025 Q2 2025: $86.8M Q2 2025 Q3 2025: $91.2M Q3 2025 Q4 2025: $87.8M Q4 2025 Q1 2026: $87.2M Q1 2026 Q2 2026: $97.4M Q2 2026

Holdings 97 stocks · $84.2M
ERIE Erie Indemnity Company Class A 11.99% 24,098 $10.1M Reduce -4.7%
MSFT Microsoft Corp. 5.62% 12,610 $4.7M Reduce -0.3%
AAPL Apple Inc. 3.00% 11,358 $2.5M Reduce -2.1%
UNP Union Pacific Corp. 2.91% 10,378 $2.5M No change
PM Philip Morris International 2.80% 14,842 $2.4M Reduce -0.2%
SPY SS SPDR S&P 500 ETF Trust-US 2.76% 4,153 $2.3M Add +1.6%
SCHX Schwab US Large-Cap ETF 2.68% 102,235 $2.3M Add +0.5%
BRK.B Berkshire Hathaway Inc. Class B 2.51% 3,966 $2.1M No change
WAB Wabtec Corp. 2.50% 11,589 $2.1M No change
IVV iShares Core S&P 500 ETF 2.43% 3,643 $2.0M No change
NVDA Nvidia Corp. 2.36% 18,310 $2.0M Add +1.0%
PG The Procter & Gamble Co. 2.30% 11,353 $1.9M Reduce -0.3%
GOOG Alphabet Inc. Class C 1.96% 10,550 $1.6M No change
JNJ Johnson & Johnson 1.90% 9,627 $1.6M Add +0.5%
MO Altria Group Inc. 1.80% 25,260 $1.5M No change
WM Waste Management Inc. 1.66% 6,050 $1.4M Reduce -1.6%
GLD SPDR Gold Shares 1.62% 4,750 $1.4M Reduce -1.0%
XOM Exxon Mobil Corp. 1.50% 10,649 $1.3M No change
V Visa Inc. Class A 1.45% 3,483 $1.2M Reduce -1.1%
RSG Republic Services Inc. 1.43% 4,965 $1.2M No change
DE Deere & Co. 1.42% 2,540 $1.2M No change
GOOGL Alphabet Inc. Class A 1.40% 7,647 $1.2M Add +0.1%
PH Parker Hannifin Corp. 1.27% 1,762 $1.1M No change
LHX L3HARRIS Technologies Inc. 1.26% 5,090 $1.1M Reduce -0.0%
CHD Church & Dwight Co. Inc. 1.18% 9,005 $991K Reduce -0.1%
HD Home Depot Inc. 1.12% 2,579 $945K Reduce -0.7%
IWS iShares Russell Mid-Cap Valu 1.10% 7,346 $925K No change
MA Mastercard Inc. Class A 1.05% 1,620 $888K No change
NSC Norfolk Southern Corp. 1.04% 3,700 $876K Reduce -0.7%
CVX Chevron Corp. 1.02% 5,122 $857K No change
IWP iShares Russell Mid-Cap Grow 1.01% 7,249 $852K No change
BRK.A Berkshire Hathaway Inc. Class A 0.95% 1 $798K No change
RTX RTX Corp. 0.90% 5,715 $757K No change
LLY Eli Lilly & Co. 0.89% 908 $750K Reduce -1.5%
OKE Oneok Inc. 0.88% 7,450 $739K No change
COP Conocophillips 0.80% 6,439 $676K No change
MCD McDonald's Corp. 0.75% 2,011 $628K No change
ETN Eaton Corp. PLC 0.74% 2,297 $624K Reduce -1.1%
PEP Pepsico Inc. 0.73% 4,090 $613K Reduce -0.5%
GIS General Mills Inc. 0.72% 10,168 $608K Reduce -1.4%
AMZN Amazon.com Inc. 0.68% 3,014 $573K Add +2.2%
JPM JPMorgan Chase & Co. 0.67% 2,309 $566K Reduce -3.3%
WMT Walmart Inc. 0.62% 5,979 $525K No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.62% 525 $519K No change
PPG PPG Industries Inc. 0.58% 4,449 $486K Reduce -1.1%
ABBV Abbvie Inc. 0.54% 2,172 $455K New
GLW Corning Inc. 0.54% 9,872 $452K No change
T AT&T Inc. 0.53% 15,876 $449K Add +0.2%
MAR Marriott International Class A 0.53% 1,867 $445K Reduce -18.5%
MMM 3M Co. 0.52% 2,970 $436K Add +4.1%
NEE Nextera Energy Inc. 0.50% 5,997 $425K Reduce -4.5%
TLT iShares 20+ Year Treasury BD 0.50% 4,613 $420K Reduce -3.7%
POWERSHARES 0.50% 895 $420K Reduce -0.6%
ORCL Oracle Corp. 0.50% 2,997 $419K No change
PSX Phillips 66 0.49% 3,350 $414K No change
DFS Discover Financial Services 0.49% 2,420 $413K Reduce -4.0%
MET Metlife Inc. 0.49% 5,108 $410K Reduce -2.4%
BDX Becton Dickinson and Co. 0.46% 1,681 $385K No change
BMY Bristol-Myers Squibb Co. 0.43% 5,930 $362K Reduce -1.7%
HPQ HP Inc. 0.43% 12,990 $360K Reduce -0.1%
VRTX Vertex Pharmaceuticals Inc. 0.41% 720 $349K Reduce -28.0%
TMO Thermo Fisher Scientific Inc. 0.41% 700 $348K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.39% 1,287 $331K No change
VZ Verizon Communications Inc. 0.39% 7,290 $331K Reduce -1.3%
ADBE Adobe Inc. 0.39% 852 $327K Reduce -1.2%
SO The Southern Co. 0.38% 3,450 $317K No change
ITW Illinois Tool Works 0.38% 1,275 $316K No change
IWR iShares Russell Mid-Cap ETF 0.37% 3,680 $313K Reduce -4.2%
PFE Pfizer Inc. 0.37% 12,193 $309K Reduce -2.2%
CAT Caterpillar Inc. 0.37% 933 $308K No change
USB US Bancorp 0.36% 7,278 $307K No change
LOW Lowe's Cos Inc. 0.36% 1,309 $305K No change
PNC PNC Financial Services Group 0.35% 1,697 $298K No change
UNH Unitedhealth Group Inc. 0.35% 561 $294K No change
ADP Automatic Data Processing 0.34% 943 $288K No change
QCOM Qualcomm Inc. 0.34% 1,856 $285K No change
FDX FedEx Corp. 0.34% 1,159 $283K No change
IWN iShares Russell 2000 Value E 0.33% 1,848 $279K No change
NSRGY Nestle SA-Spons ADR 0.32% 2,700 $273K No change
TRV The Travelers Cos Inc. 0.32% 1,020 $270K No change
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.32% 2,271 $269K Reduce -2.1%
WFC Wells Fargo & Co. 0.31% 3,684 $264K No change
IWM iShares Russell 2000 ETF 0.31% 1,324 $264K No change
HON Honeywell International Inc. 0.31% 1,247 $264K No change
ED Consolidated Edison Inc. 0.31% 2,337 $258K No change
EMR Emerson Electric Co. 0.30% 2,284 $250K No change
KO The Coca-Cola Co. 0.29% 3,408 $244K No change
EFX Equifax Inc. 0.29% 1,000 $244K Reduce -2.4%
VTI VG Morningstar TS MKT ETF-US 0.28% 850 $234K Reduce -20.1%
SCHA Schwab US Small-Cap ETF 0.26% 9,490 $222K Add +1.6%
SHEL Shell PLC-ADR 0.26% 3,000 $220K New
PAYX Paychex Inc. 0.26% 1,400 $216K Reduce -6.9%
NFG National Fuel Gas Co. 0.26% 2,712 $215K New
STX Seagate Technology Ulc 0.25% 2,474 $210K No change
SHW The Sherwin-Williams Co. 0.24% 583 $204K New
AXP American Express Co. 0.24% 751 $202K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.24% 1,848 $201K New

Portfolio Sells Q4 2024 → Q1 2025
MSFT Microsoft Corp. Reduce -0.3% 5.62% −0.66
AAPL Apple Inc. Reduce -2.1% 3.00% −0.43
ERIE Erie Indemnity Company Class A Reduce -4.7% 11.99% −0.30
BX Blackstone Inc. Sold out 0.00% −0.27
CLX Clorox Company Sold out 0.00% −0.25
MRK Merck & Co Inc Sold out 0.00% −0.24
SCHB Schwab US Broad Market ETF Sold out 0.00% −0.24
MAR Marriott International Class A Reduce -18.5% 0.53% −0.23
ETN Eaton Corp. PLC Reduce -1.1% 0.74% −0.17
VTI VG Morningstar TS MKT ETF-US Reduce -20.1% 0.28% −0.09
HPQ HP Inc. Reduce -0.1% 0.43% −0.07
HD Home Depot Inc. Reduce -0.7% 1.12% −0.07
ADBE Adobe Inc. Reduce -1.2% 0.39% −0.06
VRTX Vertex Pharmaceuticals Inc. Reduce -28.0% 0.41% −0.06
PPG PPG Industries Inc. Reduce -1.1% 0.58% −0.06
GIS General Mills Inc. Reduce -1.4% 0.72% −0.05
POWERSHARES Reduce -0.6% 0.50% −0.04
IWR iShares Russell Mid-Cap ETF Reduce -4.2% 0.37% −0.03
NEE Nextera Energy Inc. Reduce -4.5% 0.50% −0.03
DFS Discover Financial Services Reduce -4.0% 0.49% −0.02
PFE Pfizer Inc. Reduce -2.2% 0.37% −0.02
EFX Equifax Inc. Reduce -2.4% 0.29% −0.02
MET Metlife Inc. Reduce -2.4% 0.49% −0.02
PEP Pepsico Inc. Reduce -0.5% 0.73% −0.01
JPM JPMorgan Chase & Co. Reduce -3.3% 0.67% −0.00
LHX L3HARRIS Technologies Inc. Reduce -0.0% 1.26% +0.00
TLT iShares 20+ Year Treasury BD Reduce -3.7% 0.50% +0.01
PAYX Paychex Inc. Reduce -6.9% 0.26% +0.01
NSC Norfolk Southern Corp. Reduce -0.7% 1.04% +0.01
SJM The JM Smucker Co. Reduce -2.1% 0.32% +0.02
BMY Bristol-Myers Squibb Co. Reduce -1.7% 0.43% +0.03
VZ Verizon Communications Inc. Reduce -1.3% 0.39% +0.04
PG The Procter & Gamble Co. Reduce -0.3% 2.30% +0.05
LLY Eli Lilly & Co. Reduce -1.5% 0.89% +0.05
CHD Church & Dwight Co. Inc. Reduce -0.1% 1.18% +0.06
V Visa Inc. Class A Reduce -1.1% 1.45% +0.14
WM Waste Management Inc. Reduce -1.6% 1.66% +0.20
GLD SPDR Gold Shares Reduce -1.0% 1.62% +0.26
PM Philip Morris International Reduce -0.2% 2.80% +0.69

Portfolio Buys Q4 2024 → Q1 2025
ABBV Abbvie Inc. New 0.54% +0.54
JNJ Johnson & Johnson Add +0.5% 1.90% +0.26
SHEL Shell PLC-ADR New 0.26% +0.26
NFG National Fuel Gas Co. New 0.26% +0.26
SHW The Sherwin-Williams Co. New 0.24% +0.24
LQD Ishr Ibx Usd Invgd CB ETF-Ui New 0.24% +0.24
T AT&T Inc. Add +0.2% 0.53% +0.11
MMM 3M Co. Add +4.1% 0.52% +0.08
SCHA Schwab US Small-Cap ETF Add +1.6% 0.26% −0.02
SPY SS SPDR S&P 500 ETF Trust-US Add +1.6% 2.76% −0.06
AMZN Amazon.com Inc. Add +2.2% 0.68% −0.08
SCHX Schwab US Large-Cap ETF Add +0.5% 2.68% −0.10
GOOGL Alphabet Inc. Class A Add +0.1% 1.40% −0.30
NVDA Nvidia Corp. Add +1.0% 2.36% −0.51

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 110$97.4MMSFT, GOOG, ERIE, SCHX, AAPL
Q1 2026 99$87.2MMSFT, ERIE, GOOG, SCHX, WAB
Q4 2025 105$87.8MMSFT, ERIE, GOOG, AAPL, SPY
Q3 2025 105$91.2MERIE, MSFT, NVDA, AAPL, SPY
Q2 2025 101$86.8MERIE, MSFT, NVDA, PM, SPY
Q1 2025 97$84.2MERIE, MSFT, AAPL, UNP, PM
Q4 2024 96$84.9MERIE, MSFT, AAPL, NVDA, SPY
Q3 2024 100$91.6MERIE, MSFT, AAPL, UNP, WAB
Q2 2024 96$84.2MERIE, MSFT, AAPL, UNP, SPY