Wedgewood Investors Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 4, 2026), Wedgewood Investors Inc. reported 105 stock positions worth $87.8 million. Its top holding was Microsoft (MSFT) at 6.9% of the portfolio, followed by Erie Indemnity Class A (ERIE, 5.9%) and Alphabet Class C (GOOG, 3.7%). Compared with Q3 2025, it opened 3 new positions, sold out of 3, added to 5 and reduced 40. The biggest buy was a new position in Vertex Pharmaceuticals (VRTX) and the biggest sale Erie Indemnity Class A (ERIE, shares −16%).

Most Recent 13F
Q2 2026
Location
ERIE, PA
CIK
0001125243
Portfolio Value
$87.8M (Q4 2025)
SEC Filing
0001125243-26-000001 ↗ filed Feb 4, 2026

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 Q3 2025 Q4 2025: $87.8M $87.8M Q4 2025 Q1 2026: $87.2M Q1 2026 Q2 2026: $97.4M Q2 2026

Holdings 105 stocks · $87.8M
MSFT Microsoft Corp. 6.87% 12,472 $6.0M Reduce -0.1%
ERIE Erie Indemnity Company Class A 5.93% 18,173 $5.2M Reduce -15.6%
GOOG Alphabet Inc. Class C 3.67% 10,280 $3.2M Reduce -0.2%
AAPL Apple Inc. 3.32% 10,707 $2.9M Reduce -4.0%
SPY SS SPDR S&P 500 ETF Trust-US 3.05% 3,925 $2.7M Reduce -4.2%
SCHX Schwab US Large-Cap ETF 2.83% 92,208 $2.5M Reduce -4.5%
IVV iShares Core S&P 500 ETF 2.81% 3,603 $2.5M No change
WAB Wabtec Corp. 2.75% 11,331 $2.4M Reduce -2.2%
UNP Union Pacific Corp. 2.68% 10,176 $2.4M Reduce -0.5%
GOOGL Alphabet Inc. Class A 2.65% 7,442 $2.3M Reduce -1.6%
NVDA Nvidia Corp. 2.57% 12,110 $2.3M Reduce -33.5%
PM Philip Morris International 2.56% 13,999 $2.2M Reduce -1.6%
BRK.B Berkshire Hathaway Inc. Class B 2.20% 3,846 $1.9M Reduce -0.5%
JNJ Johnson & Johnson 2.20% 9,341 $1.9M Reduce -3.1%
GLD SPDR Gold Shares 2.01% 4,450 $1.8M Reduce -2.2%
PH Parker Hannifin Corp. 1.76% 1,762 $1.5M No change
MO Altria Group Inc. 1.73% 26,300 $1.5M Add +6.5%
LHX L3HARRIS Technologies Inc. 1.61% 4,812 $1.4M Reduce -5.5%
WM Waste Management Inc. 1.50% 6,006 $1.3M No change
PG The Procter & Gamble Co. 1.38% 8,433 $1.2M Reduce -24.9%
V Visa Inc. Class A 1.35% 3,385 $1.2M Reduce -1.2%
DE Deere & Co. 1.35% 2,540 $1.2M No change
XOM Exxon Mobil Corp. 1.34% 9,761 $1.2M Reduce -3.5%
RTX RTX Corp. 1.18% 5,625 $1.0M No change
NSC Norfolk Southern Corp. 1.13% 3,425 $989K Reduce -5.5%
RSG Republic Services Inc. 1.13% 4,665 $989K No change
MA Mastercard Inc. Class A 1.05% 1,620 $925K No change
IWP iShares Russell Mid-Cap Grow 1.00% 6,414 $878K Reduce -9.6%
HD Home Depot Inc. 0.95% 2,427 $835K Reduce -1.6%
IWS iShares Russell Mid-Cap Valu 0.94% 5,849 $825K Reduce -19.8%
GLW Corning Inc. 0.92% 9,250 $810K No change
CVX Chevron Corp. 0.89% 5,123 $781K No change
BRK.A Berkshire Hathaway Inc. Class A 0.86% 1 $755K No change
CHD Church & Dwight Co. Inc. 0.85% 8,945 $750K No change
ETN Eaton Corp. PLC 0.83% 2,278 $726K No change
AMZN Amazon.com Inc. 0.82% 3,134 $723K Add +3.3%
STX Seagate Technology Ulc 0.78% 2,474 $681K No change
WMT Walmart Inc. 0.76% 5,979 $666K No change
JPM JPMorgan Chase & Co. 0.75% 2,049 $660K Reduce -7.0%
PEP Pepsico Inc. 0.70% 4,264 $612K No change
COF Capital One Financial Corp. 0.69% 2,513 $609K No change
COP Conocophillips 0.69% 6,427 $602K No change
OKE Oneok Inc. 0.67% 7,950 $584K Add +6.7%
MCD McDonald's Corp. 0.63% 1,811 $553K Reduce -9.9%
LLY Eli Lilly & Co. 0.62% 508 $546K Reduce -42.8%
MAR Marriott International Class A 0.62% 1,755 $544K No change
POWERSHARES 0.62% 885 $544K Reduce -0.5%
CAT Caterpillar Inc. 0.61% 933 $534K No change
GWW WW Grainger Inc. 0.60% 525 $530K No change
MMM 3M Co. 0.54% 2,986 $478K No change
NEE Nextera Energy Inc. 0.54% 5,955 $478K No change
GIS General Mills Inc. 0.53% 9,968 $464K Reduce -2.0%
PPG PPG Industries Inc. 0.51% 4,349 $446K No change
PSX Phillips 66 0.49% 3,350 $432K No change
TMO Thermo Fisher Scientific Inc. 0.46% 700 $406K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.46% 1,287 $405K No change
MET Metlife Inc. 0.46% 5,095 $402K No change
T AT&T Inc. 0.45% 15,849 $394K No change
ABBV Abbvie Inc. 0.44% 1,700 $388K No change
USB US Bancorp 0.44% 7,271 $388K Reduce -0.0%
TLT iShares 20+ Year Treasury BD 0.43% 4,372 $381K No change
FDX FedEx Corp. 0.38% 1,156 $334K No change
WFC Wells Fargo & Co. 0.38% 3,543 $330K No change
VRTX Vertex Pharmaceuticals Inc. 0.37% 720 $326K New
IWR iShares Russell Mid-Cap ETF 0.37% 3,370 $324K No change
IWM iShares Russell 2000 ETF 0.37% 1,308 $322K Reduce -1.2%
ITW Illinois Tool Works 0.36% 1,275 $314K No change
IWN iShares Russell 2000 Value E 0.36% 1,721 $312K Reduce -6.9%
BDX Becton Dickinson and Co. 0.35% 1,594 $309K Reduce -1.2%
XAIX Xtrackers AI & Big Data ETF 0.35% 7,171 $308K Add +3.0%
EMR Emerson Electric Co. 0.34% 2,270 $301K No change
ADBE Adobe Inc. 0.34% 852 $298K No change
HPQ HP Inc. 0.33% 12,839 $286K Reduce -0.8%
VTI VG Morningstar TS MKT ETF-US 0.32% 850 $285K No change
TRV The Travelers Cos Inc. 0.32% 980 $284K Reduce -3.9%
VZ Verizon Communications Inc. 0.32% 6,895 $281K Reduce -3.3%
PFE Pfizer Inc. 0.32% 11,256 $280K Add +0.3%
SO The Southern Co. 0.32% 3,200 $279K No change
AXP American Express Co. 0.32% 750 $277K Reduce -0.1%
QCOM Qualcomm Inc. 0.31% 1,568 $268K Reduce -14.6%
NSRGY Nestle SA-Spons ADR 0.30% 2,700 $267K No change
SCHA Schwab US Small-Cap ETF 0.30% 9,344 $266K No change
BMY Bristol-Myers Squibb Co. 0.30% 4,905 $265K Reduce -12.5%
Citigroup Inc 0.29% 2,165 $253K No change
LOW Lowe's Cos Inc. 0.28% 1,034 $249K No change
SCHB Schwab US Broad Market ETF 0.28% 9,275 $243K No change
HON Honeywell International Inc. 0.28% 1,247 $243K No change
ADP Automatic Data Processing 0.28% 943 $243K No change
Welltower Inc. 0.27% 1,268 $235K No change
GS Goldman Sachs Group Inc. 0.27% 266 $234K No change
KO The Coca-Cola Co. 0.27% 3,343 $234K No change
ED Consolidated Edison Inc. 0.26% 2,332 $232K No change
VEA Vanguard Ftse Developed ETF 0.26% 3,669 $229K No change
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.25% 2,265 $222K Reduce -0.1%
SHEL Shell PLC-ADR 0.25% 3,000 $220K No change
SCHV Schwab US Large-Cap Value 0.25% 7,389 $219K No change
IWF iShares Russell 1000 Growth 0.25% 461 $218K No change
EFX Equifax Inc. 0.25% 1,000 $217K No change
PNC PNC Financial Services Group 0.25% 1,034 $216K No change
GE General Electric filed as GE AEROSPACE 0.24% 694 $214K New
XLK SS Technology Select Sector 0.24% 1,476 $213K Reduce -3.3%
MS Morgan Stanley 0.23% 1,155 $205K New
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.23% 1,848 $204K No change
BX Blackstone Inc. 0.23% 1,320 $203K No change
ORCL Oracle Corp. 0.00% 2,817 $0 Reduce -5.2%

Portfolio Sells Q3 2025 → Q4 2025
ERIE Erie Indemnity Company Class A Reduce -15.6% 5.93% −1.58
NVDA Nvidia Corp. Reduce -33.5% 2.57% −1.15
ORCL Oracle Corp. Reduce -5.2% 0.00% −0.92
PG The Procter & Gamble Co. Reduce -24.9% 1.38% −0.51
GE General Electric Company Sold out 0.00% −0.23
HPE Hewlett Packard Enterprise Sold out 0.00% −0.22
MSFT Microsoft Corp. Reduce -0.1% 6.87% −0.22
SHW The Sherwin-Williams Co. Sold out 0.00% −0.22
IWS iShares Russell Mid-Cap Valu Reduce -19.8% 0.94% −0.18
HD Home Depot Inc. Reduce -1.6% 0.95% −0.14
LLY Eli Lilly & Co. Reduce -42.8% 0.62% −0.12
IWP iShares Russell Mid-Cap Grow Reduce -9.6% 1.00% −0.11
LHX L3HARRIS Technologies Inc. Reduce -5.5% 1.61% −0.10
NSC Norfolk Southern Corp. Reduce -5.5% 1.13% −0.07
HPQ HP Inc. Reduce -0.8% 0.33% −0.06
MCD McDonald's Corp. Reduce -9.9% 0.63% −0.04
GIS General Mills Inc. Reduce -2.0% 0.53% −0.03
QCOM Qualcomm Inc. Reduce -14.6% 0.31% −0.03
VZ Verizon Communications Inc. Reduce -3.3% 0.32% −0.02
SJM The JM Smucker Co. Reduce -0.1% 0.25% −0.02
JPM JPMorgan Chase & Co. Reduce -7.0% 0.75% −0.01
IWN iShares Russell 2000 Value E Reduce -6.9% 0.36% −0.00
XLK SS Technology Select Sector Reduce -3.3% 0.24% +0.01
TRV The Travelers Cos Inc. Reduce -3.9% 0.32% +0.01
IWM iShares Russell 2000 ETF Reduce -1.2% 0.37% +0.02
BDX Becton Dickinson and Co. Reduce -1.2% 0.35% +0.02
BMY Bristol-Myers Squibb Co. Reduce -12.5% 0.30% +0.02
PM Philip Morris International Reduce -1.6% 2.56% +0.03
UNP Union Pacific Corp. Reduce -0.5% 2.68% +0.03
POWERSHARES Reduce -0.5% 0.62% +0.03
SCHX Schwab US Large-Cap ETF Reduce -4.5% 2.83% +0.04
AXP American Express Co. Reduce -0.1% 0.32% +0.04
SPY SS SPDR S&P 500 ETF Trust-US Reduce -4.2% 3.05% +0.05
USB US Bancorp Reduce -0.0% 0.44% +0.06
V Visa Inc. Class A Reduce -1.2% 1.35% +0.07
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.5% 2.20% +0.07
XOM Exxon Mobil Corp. Reduce -3.5% 1.34% +0.09
AAPL Apple Inc. Reduce -4.0% 3.32% +0.20
WAB Wabtec Corp. Reduce -2.2% 2.75% +0.21
GLD SPDR Gold Shares Reduce -2.2% 2.01% +0.24
JNJ Johnson & Johnson Reduce -3.1% 2.20% +0.24
GOOGL Alphabet Inc. Class A Reduce -1.6% 2.65% +0.64
GOOG Alphabet Inc. Class C Reduce -0.2% 3.67% +0.92

Portfolio Buys Q3 2025 → Q4 2025
VRTX Vertex Pharmaceuticals Inc. New 0.37% +0.37
GE General Electric New 0.24% +0.24
MS Morgan Stanley New 0.23% +0.23
AMZN Amazon.com Inc. Add +3.3% 0.82% +0.09
OKE Oneok Inc. Add +6.7% 0.67% +0.07
XAIX Xtrackers AI & Big Data ETF Add +3.0% 0.35% +0.03
PFE Pfizer Inc. Add +0.3% 0.32% +0.01
MO Altria Group Inc. Add +6.5% 1.73% −0.06

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