Wedgewood Fund Class Retail
RWGFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 156 West 56th Street New York NY United States of America 10019
- IPO Date
- Oct 4, 2010
- CIK
- 0001494928
- Website
- riverparkfunds.com
- Similar Companies
- Business
- Wedgewood Fund Class Retail (RWGFX) is an open-end mutual fund that seeks long-term capital appreciation through investments primarily in equity securities of large-cap companies with market capitalizations exceeding $5 billion, which it believes possess above-average growth prospects and sustainable competitive advantages; it maintains a concentrated portfolio of approximately 20 holdings, with low annual turnover typically below 50%, focusing on contrarian growth opportunities in market-leading businesses purchased at attractive valuations. The Retail Class shares feature a net expense ratio of 1.25%, a minimum initial investment of $1,000, and daily pricing, alongside an Institutional Class (RWGIX) with a lower 1.00% net expense ratio and no shareholder services fee. The fund allocates heavily to U.S. stocks (approximately 87.5%), with exposure to technology (around 30%), communication services, financial services, consumer cyclical, and industrials sectors; top holdings often represent over 50-70% of the portfolio, including names like Meta Platforms, Taiwan Semiconductor, and Alphabet. Sub-advised by St. Louis-based Wedgewood Partners since the fund's inception on September 30, 2010, it operates under RiverPark Funds Trust and targets individual and institutional investors seeking large-growth exposure. Wedgewood Partners, founded in 1988 and headquartered at 9909 Clayton Road, Suite 103, St. Louis, Missouri, provides the investment management, with David A. Rolfe, CFA, as Chief Investment Officer and lead portfolio manager since inception; the firm emphasizes an "Invest as Business Owners" process, evaluating profitability via returns on invested capital, earnings growth, and healthy balance sheets over 3-5 year horizons. Geographically, the fund's operations center on the United States, with minor non-U.S. equity exposure in developed Asia and elsewhere. In recent developments, the fund and sub-adviser have executed portfolio adjustments including trims to Meta Platforms, Visa, Taiwan Semiconductor (down 16.6% in Q2 2025), and Alphabet (down 18.81% in Q2 2025), alongside new purchases such as United Rentals and additions to S&P Global, Old Dominion Freight Line, and O'Reilly Automotive in Q1 2025; these changes reflect strategic rebalancing amid market volatility and AI-driven rotations. RiverPark Funds reaffirmed expense caps through at least January 31, 2026, at 1.25% for Retail Class shares, with a prospectus supplement dated January 28, 2025, and continued quarterly updates through Q3 2025 highlighting performance contributors like Alphabet and PayPal amid partnerships in agentic commerce and stablecoin expansion. No major acquisitions, funding rounds, or structural reorganizations for the fund itself were reported in 2024-2025, maintaining its focused large-growth mandate.