Wedgewood Investors Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 23, 2025), Wedgewood Investors Inc. reported 105 stock positions worth $91.2 million. Its top holding was Erie Indemnity Class A (ERIE) at 7.5% of the portfolio, followed by Microsoft (MSFT, 7.1%) and Nvidia (NVDA, 3.7%). Compared with Q2 2025, it opened 8 new positions, sold out of 4, added to 9 and reduced 46. The biggest buy was Johnson & Johnson (JNJ, shares +0%) and the biggest sale Erie Indemnity Class A (ERIE, shares −5%).

Most Recent 13F
Q2 2026
Location
ERIE, PA
CIK
0001125243
Portfolio Value
$91.2M (Q3 2025)
SEC Filing
0001125243-25-000007 ↗ filed Oct 23, 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 Q2 2025 Q3 2025: $91.2M $91.2M Q3 2025 Q4 2025: $87.8M Q4 2025 Q1 2026: $87.2M Q1 2026 Q2 2026: $97.4M Q2 2026

Holdings 105 stocks · $91.2M
ERIE Erie Indemnity Company Class A 7.51% 21,523 $6.8M Reduce -4.5%
MSFT Microsoft Corp. 7.09% 12,487 $6.5M Reduce -0.2%
NVDA Nvidia Corp. 3.73% 18,210 $3.4M Reduce -0.5%
AAPL Apple Inc. 3.11% 11,147 $2.8M Reduce -1.4%
SPY SS SPDR S&P 500 ETF Trust-US 2.99% 4,099 $2.7M Reduce -1.2%
SCHX Schwab US Large-Cap ETF 2.79% 96,556 $2.5M Add +0.0%
GOOG Alphabet Inc. Class C 2.75% 10,300 $2.5M Reduce -2.4%
UNP Union Pacific Corp. 2.65% 10,230 $2.4M Reduce -0.3%
IVV iShares Core S&P 500 ETF 2.64% 3,603 $2.4M Reduce -1.0%
WAB Wabtec Corp. 2.55% 11,582 $2.3M Reduce -0.0%
PM Philip Morris International 2.53% 14,229 $2.3M Reduce -2.2%
BRK.B Berkshire Hathaway Inc. Class B 2.13% 3,866 $1.9M Reduce -2.5%
GOOGL Alphabet Inc. Class A 2.02% 7,562 $1.8M Reduce -1.1%
JNJ Johnson & Johnson 1.96% 9,641 $1.8M Add +0.1%
PG The Procter & Gamble Co. 1.89% 11,223 $1.7M Reduce -0.9%
MO Altria Group Inc. 1.79% 24,705 $1.6M Reduce -0.9%
GLD SPDR Gold Shares 1.77% 4,550 $1.6M Reduce -4.2%
LHX L3HARRIS Technologies Inc. 1.70% 5,090 $1.6M No change
PH Parker Hannifin Corp. 1.46% 1,762 $1.3M No change
WM Waste Management Inc. 1.45% 6,006 $1.3M Reduce -0.7%
V Visa Inc. Class A 1.28% 3,425 $1.2M No change
DE Deere & Co. 1.27% 2,540 $1.2M No change
XOM Exxon Mobil Corp. 1.25% 10,119 $1.1M Reduce -2.1%
NSC Norfolk Southern Corp. 1.19% 3,625 $1.1M Reduce -2.0%
RSG Republic Services Inc. 1.17% 4,665 $1.1M Reduce -6.0%
IWS iShares Russell Mid-Cap Valu 1.12% 7,292 $1.0M No change
IWP iShares Russell Mid-Cap Grow 1.11% 7,094 $1.0M Reduce -0.9%
HD Home Depot Inc. 1.10% 2,467 $1000K Reduce -4.3%
RTX RTX Corp. 1.03% 5,625 $941K Reduce -1.5%
MA Mastercard Inc. Class A 1.01% 1,620 $921K No change
ETN Eaton Corp. PLC 0.93% 2,278 $853K Reduce -0.8%
ORCL Oracle Corp. 0.92% 2,972 $836K Reduce -0.8%
CVX Chevron Corp. 0.87% 5,123 $796K Add +0.0%
CHD Church & Dwight Co. Inc. 0.86% 8,945 $784K No change
GLW Corning Inc. 0.83% 9,250 $759K Reduce -6.1%
BRK.A Berkshire Hathaway Inc. Class A 0.83% 1 $754K No change
JPM JPMorgan Chase & Co. 0.76% 2,202 $695K Reduce -1.1%
LLY Eli Lilly & Co. 0.74% 888 $678K Reduce -2.2%
AMZN Amazon.com Inc. 0.73% 3,034 $666K No change
WMT Walmart Inc. 0.68% 5,979 $616K No change
MCD McDonald's Corp. 0.67% 2,011 $611K No change
COP Conocophillips 0.67% 6,427 $608K No change
PEP Pepsico Inc. 0.66% 4,264 $599K Add +4.3%
STX Seagate Technology Ulc 0.64% 2,474 $584K No change
OKE Oneok Inc. 0.60% 7,450 $544K No change
COF Capital One Financial Corp. 0.59% 2,513 $534K No change
POWERSHARES 0.59% 889 $534K Reduce -0.3%
GIS General Mills Inc. 0.56% 10,168 $513K No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.55% 525 $500K No change
MMM 3M Co. 0.51% 2,986 $463K Add +0.5%
PPG PPG Industries Inc. 0.50% 4,349 $457K No change
MAR Marriott International Class A 0.50% 1,755 $457K Reduce -6.0%
PSX Phillips 66 0.50% 3,350 $456K No change
NEE Nextera Energy Inc. 0.49% 5,955 $450K Reduce -0.7%
T AT&T Inc. 0.49% 15,849 $448K No change
CAT Caterpillar Inc. 0.49% 933 $445K No change
MET Metlife Inc. 0.46% 5,095 $420K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.43% 1,287 $396K No change
ABBV Abbvie Inc. 0.43% 1,700 $394K Reduce -10.6%
TLT iShares 20+ Year Treasury BD 0.43% 4,372 $391K Reduce -5.2%
HPQ HP Inc. 0.39% 12,949 $353K Reduce -0.1%
USB US Bancorp 0.39% 7,272 $351K Add +0.1%
TMO Thermo Fisher Scientific Inc. 0.37% 700 $340K No change
ITW Illinois Tool Works 0.36% 1,275 $332K No change
IWN iShares Russell 2000 Value E 0.36% 1,848 $327K No change
IWR iShares Russell Mid-Cap ETF 0.36% 3,370 $325K Reduce -3.3%
IWM iShares Russell 2000 ETF 0.35% 1,324 $320K No change
VZ Verizon Communications Inc. 0.34% 7,131 $313K Reduce -0.5%
QCOM Qualcomm Inc. 0.33% 1,835 $305K Reduce -1.7%
SO The Southern Co. 0.33% 3,200 $303K Reduce -7.3%
BDX Becton Dickinson and Co. 0.33% 1,614 $302K Reduce -4.0%
ADBE Adobe Inc. 0.33% 852 $301K No change
EMR Emerson Electric Co. 0.33% 2,270 $298K Reduce -0.6%
WFC Wells Fargo & Co. 0.33% 3,543 $297K No change
XAIX Xtrackers AI & Big Data ETF 0.32% 6,963 $289K Add +2.2%
PFE Pfizer Inc. 0.31% 11,228 $286K Reduce -4.6%
TRV The Travelers Cos Inc. 0.31% 1,020 $285K No change
VTI VG Morningstar TS MKT ETF-US 0.31% 850 $279K No change
ADP Automatic Data Processing 0.30% 943 $277K No change
FDX FedEx Corp. 0.30% 1,156 $273K Add +0.1%
HON Honeywell International Inc. 0.29% 1,247 $262K No change
SCHA Schwab US Small-Cap ETF 0.29% 9,344 $261K Reduce -1.5%
LOW Lowe's Cos Inc. 0.28% 1,034 $260K Reduce -21.0%
EFX Equifax Inc. 0.28% 1,000 $257K No change
BMY Bristol-Myers Squibb Co. 0.28% 5,605 $253K Reduce -5.1%
AXP American Express Co. 0.27% 751 $249K No change
NSRGY Nestle SA-Spons ADR 0.27% 2,700 $248K No change
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.27% 2,267 $246K No change
SCHB Schwab US Broad Market ETF 0.26% 9,275 $238K Add +2.1%
ED Consolidated Edison Inc. 0.26% 2,332 $234K Reduce -0.2%
Welltower Inc. 0.25% 1,268 $226K New
BX Blackstone Inc. 0.25% 1,320 $226K New
KO The Coca-Cola Co. 0.24% 3,343 $222K Reduce -1.9%
VEA Vanguard Ftse Developed ETF 0.24% 3,669 $220K No change
Citigroup Inc 0.24% 2,165 $220K New
IWF iShares Russell 1000 Growth 0.24% 461 $216K New
SCHV Schwab US Large-Cap Value 0.24% 7,389 $215K No change
XLK SS Technology Select Sector 0.24% 763 $215K New
SHEL Shell PLC-ADR 0.24% 3,000 $215K No change
GS Goldman Sachs Group Inc. 0.23% 266 $212K New

Show all 105 holdings

Portfolio Sells Q2 2025 → Q3 2025
ERIE Erie Indemnity Company Class A Reduce -4.5% 7.51% −1.50
PM Philip Morris International Reduce -2.2% 2.53% −0.52
VRTX Vertex Pharmaceuticals Inc. Sold out 0.00% −0.37
NFG National Fuel Gas Co. Sold out 0.00% −0.26
WAB Wabtec Corp. Reduce -0.0% 2.55% −0.25
RSG Republic Services Inc. Reduce -6.0% 1.17% −0.24
PAYX Paychex Inc. Sold out 0.00% −0.23
CEG Constellation Energy Group Sold out 0.00% −0.23
PG The Procter & Gamble Co. Reduce -0.9% 1.89% −0.19
WM Waste Management Inc. Reduce -0.7% 1.45% −0.14
PNC PNC Financial Services Group Reduce -39.1% 0.23% −0.14
BRK.B Berkshire Hathaway Inc. Class B Reduce -2.5% 2.13% −0.09
MAR Marriott International Class A Reduce -6.0% 0.50% −0.09
MSFT Microsoft Corp. Reduce -0.2% 7.09% −0.07
LLY Eli Lilly & Co. Reduce -2.2% 0.74% −0.07
UNP Union Pacific Corp. Reduce -0.3% 2.65% −0.07
LOW Lowe's Cos Inc. Reduce -21.0% 0.28% −0.05
TLT iShares 20+ Year Treasury BD Reduce -5.2% 0.43% −0.04
BMY Bristol-Myers Squibb Co. Reduce -5.1% 0.28% −0.04
IWP iShares Russell Mid-Cap Grow Reduce -0.9% 1.11% −0.04
KO The Coca-Cola Co. Reduce -1.9% 0.24% −0.03
XOM Exxon Mobil Corp. Reduce -2.1% 1.25% −0.03
SO The Southern Co. Reduce -7.3% 0.33% −0.03
EMR Emerson Electric Co. Reduce -0.6% 0.33% −0.02
PFE Pfizer Inc. Reduce -4.6% 0.31% −0.01
VZ Verizon Communications Inc. Reduce -0.5% 0.34% −0.01
ED Consolidated Edison Inc. Reduce -0.2% 0.26% −0.01
IWR iShares Russell Mid-Cap ETF Reduce -3.3% 0.36% −0.01
ETN Eaton Corp. PLC Reduce -0.8% 0.93% −0.01
QCOM Qualcomm Inc. Reduce -1.7% 0.33% −0.01
BDX Becton Dickinson and Co. Reduce -4.0% 0.33% −0.00
HD Home Depot Inc. Reduce -4.3% 1.10% +0.01
SCHA Schwab US Small-Cap ETF Reduce -1.5% 0.29% +0.01
NEE Nextera Energy Inc. Reduce -0.7% 0.49% +0.01
JPM JPMorgan Chase & Co. Reduce -1.1% 0.76% +0.02
POWERSHARES Reduce -0.3% 0.59% +0.02
HPQ HP Inc. Reduce -0.1% 0.39% +0.02
ABBV Abbvie Inc. Reduce -10.6% 0.43% +0.03
IVV iShares Core S&P 500 ETF Reduce -1.0% 2.64% +0.04
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.2% 2.99% +0.04
RTX RTX Corp. Reduce -1.5% 1.03% +0.07
NSC Norfolk Southern Corp. Reduce -2.0% 1.19% +0.10
GLD SPDR Gold Shares Reduce -4.2% 1.77% +0.11
MO Altria Group Inc. Reduce -0.9% 1.79% +0.11
ORCL Oracle Corp. Reduce -0.8% 0.92% +0.16
GLW Corning Inc. Reduce -6.1% 0.83% +0.24
NVDA Nvidia Corp. Reduce -0.5% 3.73% +0.40
AAPL Apple Inc. Reduce -1.4% 3.11% +0.44
GOOGL Alphabet Inc. Class A Reduce -1.1% 2.02% +0.46
GOOG Alphabet Inc. Class C Reduce -2.4% 2.75% +0.60

Portfolio Buys Q2 2025 → Q3 2025
JNJ Johnson & Johnson Add +0.1% 1.96% +0.27
Welltower Inc. New 0.25% +0.25
BX Blackstone Inc. New 0.25% +0.25
Citigroup Inc New 0.24% +0.24
IWF iShares Russell 1000 Growth New 0.24% +0.24
XLK SS Technology Select Sector New 0.24% +0.24
GS Goldman Sachs Group Inc. New 0.23% +0.23
GE General Electric Company New 0.23% +0.23
HPE Hewlett Packard Enterprise New 0.22% +0.22
SCHX Schwab US Large-Cap ETF Add +0.0% 2.79% +0.07
PEP Pepsico Inc. Add +4.3% 0.66% +0.03
CVX Chevron Corp. Add +0.0% 0.87% +0.03
XAIX Xtrackers AI & Big Data ETF Add +2.2% 0.32% +0.02
SCHB Schwab US Broad Market ETF Add +2.1% 0.26% +0.01
USB US Bancorp Add +0.1% 0.39% +0.01
FDX FedEx Corp. Add +0.1% 0.30% −0.00
MMM 3M Co. Add +0.5% 0.51% −0.01

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