Wedgewood Investors Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 30, 2025), Wedgewood Investors Inc. reported 101 stock positions worth $86.8 million. Its top holding was Erie Indemnity Class A (ERIE) at 9.0% of the portfolio, followed by Microsoft (MSFT, 7.2%) and Nvidia (NVDA, 3.3%). Compared with Q1 2025, it opened 6 new positions, sold out of 2, added to 2 and reduced 37. The biggest buy was a new position in Capital One Financial (COF) and the biggest sale Erie Indemnity Class A (ERIE, shares −6%).

Most Recent 13F
Q2 2026
Location
ERIE, PA
CIK
0001125243
Portfolio Value
$86.8M (Q2 2025)
SEC Filing
0001125243-25-000006 ↗ filed Jul 30, 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 Q1 2025 Q2 2025: $86.8M $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 101 stocks · $86.8M
ERIE Erie Indemnity Company Class A 9.01% 22,548 $7.8M Reduce -6.4%
MSFT Microsoft Corp. 7.17% 12,511 $6.2M Reduce -0.8%
NVDA Nvidia Corp. 3.33% 18,300 $2.9M Reduce -0.1%
PM Philip Morris International 3.05% 14,554 $2.7M Reduce -1.9%
SPY SS SPDR S&P 500 ETF Trust-US 2.95% 4,149 $2.6M Reduce -0.1%
WAB Wabtec Corp. 2.79% 11,585 $2.4M Reduce -0.0%
UNP Union Pacific Corp. 2.72% 10,257 $2.4M Reduce -1.2%
SCHX Schwab US Large-Cap ETF 2.72% 96,534 $2.4M Reduce -5.6%
AAPL Apple Inc. 2.67% 11,301 $2.3M Reduce -0.5%
IVV iShares Core S&P 500 ETF 2.60% 3,641 $2.3M Reduce -0.1%
BRK.B Berkshire Hathaway Inc. Class B 2.22% 3,966 $1.9M No change
GOOG Alphabet Inc. Class C 2.16% 10,550 $1.9M No change
PG The Procter & Gamble Co. 2.08% 11,323 $1.8M Reduce -0.3%
JNJ Johnson & Johnson 1.69% 9,627 $1.5M No change
MO Altria Group Inc. 1.68% 24,930 $1.5M Reduce -1.3%
GLD SPDR Gold Shares 1.67% 4,750 $1.4M No change
WM Waste Management Inc. 1.59% 6,045 $1.4M Reduce -0.1%
GOOGL Alphabet Inc. Class A 1.55% 7,642 $1.3M Reduce -0.1%
DE Deere & Co. 1.49% 2,540 $1.3M No change
LHX L3HARRIS Technologies Inc. 1.47% 5,090 $1.3M No change
PH Parker Hannifin Corp. 1.42% 1,762 $1.2M No change
RSG Republic Services Inc. 1.41% 4,965 $1.2M No change
V Visa Inc. Class A 1.40% 3,425 $1.2M Reduce -1.7%
XOM Exxon Mobil Corp. 1.28% 10,339 $1.1M Reduce -2.9%
IWP iShares Russell Mid-Cap Grow 1.14% 7,156 $992K Reduce -1.3%
IWS iShares Russell Mid-Cap Valu 1.11% 7,292 $964K Reduce -0.7%
NSC Norfolk Southern Corp. 1.09% 3,700 $947K No change
HD Home Depot Inc. 1.09% 2,579 $946K No change
MA Mastercard Inc. Class A 1.05% 1,620 $910K No change
CHD Church & Dwight Co. Inc. 0.99% 8,945 $860K Reduce -0.7%
RTX RTX Corp. 0.96% 5,710 $834K Reduce -0.1%
ETN Eaton Corp. PLC 0.94% 2,297 $820K No change
CVX Chevron Corp. 0.84% 5,122 $733K No change
BRK.A Berkshire Hathaway Inc. Class A 0.84% 1 $729K No change
LLY Eli Lilly & Co. 0.82% 908 $708K No change
AMZN Amazon.com Inc. 0.77% 3,034 $666K Add +0.7%
ORCL Oracle Corp. 0.75% 2,997 $655K No change
JPM JPMorgan Chase & Co. 0.74% 2,227 $646K Reduce -3.5%
OKE Oneok Inc. 0.70% 7,450 $608K No change
MCD McDonald's Corp. 0.68% 2,011 $588K No change
WMT Walmart Inc. 0.67% 5,979 $585K No change
COP Conocophillips 0.66% 6,427 $577K Reduce -0.2%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.63% 525 $546K No change
PEP Pepsico Inc. 0.62% 4,090 $540K No change
COF Capital One Financial Corp. 0.62% 2,513 $535K New
GIS General Mills Inc. 0.61% 10,168 $527K No change
GLW Corning Inc. 0.60% 9,850 $518K Reduce -0.2%
MAR Marriott International Class A 0.59% 1,867 $510K No change
PPG PPG Industries Inc. 0.57% 4,349 $495K Reduce -2.3%
POWERSHARES 0.57% 892 $492K Reduce -0.3%
T AT&T Inc. 0.53% 15,849 $459K Reduce -0.2%
MMM 3M Co. 0.52% 2,970 $452K No change
NEE Nextera Energy Inc. 0.48% 5,997 $416K No change
MET Metlife Inc. 0.47% 5,095 $410K Reduce -0.3%
TLT iShares 20+ Year Treasury BD 0.47% 4,613 $407K No change
PSX Phillips 66 0.46% 3,350 $400K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.42% 1,287 $367K No change
CAT Caterpillar Inc. 0.42% 933 $362K No change
STX Seagate Technology Ulc 0.41% 2,474 $357K No change
ABBV Abbvie Inc. 0.41% 1,902 $353K Reduce -12.4%
ADBE Adobe Inc. 0.38% 852 $330K No change
USB US Bancorp 0.38% 7,266 $329K Reduce -0.2%
VRTX Vertex Pharmaceuticals Inc. 0.37% 720 $321K No change
IWR iShares Russell Mid-Cap ETF 0.37% 3,485 $321K Reduce -5.3%
HPQ HP Inc. 0.37% 12,962 $317K Reduce -0.2%
SO The Southern Co. 0.36% 3,450 $317K No change
PNC PNC Financial Services Group 0.36% 1,697 $316K No change
ITW Illinois Tool Works 0.36% 1,275 $315K No change
VZ Verizon Communications Inc. 0.36% 7,163 $310K Reduce -1.7%
EMR Emerson Electric Co. 0.35% 2,284 $305K No change
QCOM Qualcomm Inc. 0.34% 1,867 $297K Add +0.6%
IWN iShares Russell 2000 Value E 0.34% 1,848 $292K No change
ADP Automatic Data Processing 0.33% 943 $291K No change
LOW Lowe's Cos Inc. 0.33% 1,309 $290K No change
HON Honeywell International Inc. 0.33% 1,247 $290K No change
BDX Becton Dickinson and Co. 0.33% 1,681 $290K No change
IWM iShares Russell 2000 ETF 0.33% 1,324 $286K No change
PFE Pfizer Inc. 0.33% 11,772 $285K Reduce -3.5%
WFC Wells Fargo & Co. 0.33% 3,543 $284K Reduce -3.8%
TMO Thermo Fisher Scientific Inc. 0.33% 700 $284K No change
BMY Bristol-Myers Squibb Co. 0.31% 5,905 $273K Reduce -0.4%
TRV The Travelers Cos Inc. 0.31% 1,020 $273K No change
NSRGY Nestle SA-Spons ADR 0.31% 2,700 $268K No change
FDX FedEx Corp. 0.30% 1,155 $263K Reduce -0.3%
XAIX Xtrackers AI & Big Data ETF 0.30% 6,813 $261K New
EFX Equifax Inc. 0.30% 1,000 $259K No change
VTI VG Morningstar TS MKT ETF-US 0.30% 850 $258K No change
KO The Coca-Cola Co. 0.28% 3,408 $241K No change
SCHA Schwab US Small-Cap ETF 0.28% 9,490 $240K No change
AXP American Express Co. 0.28% 751 $240K No change
ED Consolidated Edison Inc. 0.27% 2,337 $235K No change
NFG National Fuel Gas Co. 0.26% 2,712 $230K No change
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.26% 2,267 $223K Reduce -0.2%
SCHB Schwab US Broad Market ETF 0.25% 9,080 $216K New
SHEL Shell PLC-ADR 0.24% 3,000 $211K No change
VEA Vanguard Ftse Developed ETF 0.24% 3,669 $209K New
SCHV Schwab US Large-Cap Value 0.24% 7,389 $204K New
PAYX Paychex Inc. 0.23% 1,400 $204K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.23% 1,848 $203K No change
CEG Constellation Energy Group 0.23% 627 $202K New
SHW The Sherwin-Williams Co. 0.23% 583 $200K No change

Portfolio Sells Q1 2025 → Q2 2025
ERIE Erie Indemnity Company Class A Reduce -6.4% 9.01% −2.98
DFS Discover Financial Services Sold out 0.00% −0.49
UNH Unitedhealth Group Inc. Sold out 0.00% −0.35
AAPL Apple Inc. Reduce -0.5% 2.67% −0.33
XOM Exxon Mobil Corp. Reduce -2.9% 1.28% −0.22
PG The Procter & Gamble Co. Reduce -0.3% 2.08% −0.22
UNP Union Pacific Corp. Reduce -1.2% 2.72% −0.19
CHD Church & Dwight Co. Inc. Reduce -0.7% 0.99% −0.19
COP Conocophillips Reduce -0.2% 0.66% −0.14
ABBV Abbvie Inc. Reduce -12.4% 0.41% −0.13
MO Altria Group Inc. Reduce -1.3% 1.68% −0.12
BMY Bristol-Myers Squibb Co. Reduce -0.4% 0.31% −0.11
WM Waste Management Inc. Reduce -0.1% 1.59% −0.07
SJM The JM Smucker Co. Reduce -0.2% 0.26% −0.06
HPQ HP Inc. Reduce -0.2% 0.37% −0.06
V Visa Inc. Class A Reduce -1.7% 1.40% −0.05
PFE Pfizer Inc. Reduce -3.5% 0.33% −0.04
VZ Verizon Communications Inc. Reduce -1.7% 0.36% −0.04
FDX FedEx Corp. Reduce -0.3% 0.30% −0.03
MET Metlife Inc. Reduce -0.3% 0.47% −0.01
PPG PPG Industries Inc. Reduce -2.3% 0.57% −0.01
T AT&T Inc. Reduce -0.2% 0.53% −0.00
IWR iShares Russell Mid-Cap ETF Reduce -5.3% 0.37% −0.00
IWS iShares Russell Mid-Cap Valu Reduce -0.7% 1.11% +0.01
WFC Wells Fargo & Co. Reduce -3.8% 0.33% +0.01
USB US Bancorp Reduce -0.2% 0.38% +0.01
SCHX Schwab US Large-Cap ETF Reduce -5.6% 2.72% +0.04
GLW Corning Inc. Reduce -0.2% 0.60% +0.06
RTX RTX Corp. Reduce -0.1% 0.96% +0.06
POWERSHARES Reduce -0.3% 0.57% +0.07
JPM JPMorgan Chase & Co. Reduce -3.5% 0.74% +0.07
IWP iShares Russell Mid-Cap Grow Reduce -1.3% 1.14% +0.13
GOOGL Alphabet Inc. Class A Reduce -0.1% 1.55% +0.15
IVV iShares Core S&P 500 ETF Reduce -0.1% 2.60% +0.17
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.1% 2.95% +0.19
PM Philip Morris International Reduce -1.9% 3.05% +0.26
WAB Wabtec Corp. Reduce -0.0% 2.79% +0.30
NVDA Nvidia Corp. Reduce -0.1% 3.33% +0.97
MSFT Microsoft Corp. Reduce -0.8% 7.17% +1.55

Portfolio Buys Q1 2025 → Q2 2025
COF Capital One Financial Corp. New 0.62% +0.62
XAIX Xtrackers AI & Big Data ETF New 0.30% +0.30
SCHB Schwab US Broad Market ETF New 0.25% +0.25
VEA Vanguard Ftse Developed ETF New 0.24% +0.24
SCHV Schwab US Large-Cap Value New 0.24% +0.24
CEG Constellation Energy Group New 0.23% +0.23
AMZN Amazon.com Inc. Add +0.7% 0.77% +0.09
QCOM Qualcomm Inc. Add +0.6% 0.34% +0.00

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