Wedgewood Partners Reports Q1 2026 Performance Lagging S&P 500

Wedgewood Partners has published its investor letter for the first quarter of 2026, revealing a period of volatility for the firm's composite strategy. The report provides a comparative analysis of the Wedgewood Composite against several key market indices, highlighting the divergence between growth and value strategies during the quarter. According to the letter, the Wedgewood Composite posted a net return of -6.3% for the first quarter. In comparison, the S&P 500 declined by 4.3%, while the Russell 1000 Growth Index saw a more significant drop of 9.8%. Conversely, the Russell 1000 Value Index managed a positive return of 2.1%. The results underscore a challenging environment for the firm's specific investment approach relative to the broader market. While the firm struggled to keep pace with the S&P 500 and value-oriented benchmarks, it did outperform the growth-heavy Russell 1000 Growth Index during the same window.