Wedgewood Partners, an investment management company, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, Wedgewood Composite’s net return was -6.3% compared to the Standard & Poor’s -4.3%, the Russell 1000 Growth Index’s -10.0% and the Russell 1000 Value Index’s 2.1% return for the same period. In addition, you can check the fund’s best 5 holdings to know its best picks in 2025.
In its first-quarter 2025 investor letter, Wedgewood Partners highlighted stocks such as United Rentals, Inc. (NYSE:URI). Headquartered in Stamford, Connecticut, United Rentals, Inc. (NYSE:URI) is an equipment rental company. The one-month return of United Rentals, Inc. (NYSE:URI) was -6.21%, and its shares lost 6.54% of their value over the last 52 weeks. On April 16, 2025, United Rentals, Inc. (NYSE:URI) stock closed at $591.50 per share with a market capitalization of $38.64 billion.
Wedgewood Partners stated the following regarding United Rentals, Inc. (NYSE:URI) in its Q1 2025 investor letter:
During the quarter we initiated a small position in United Rentals, Inc. (NYSE:URI). Given the stock market’s recent burgeoning bear market, we continued to build a position in the stock.
