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WCM
Wedge Capital Management Portfolio holdings
AUM
$6.06B
1-Year Est. Return
47.24%
This Fund
S&P 500
This Quarter
Est. Return
+3.11%
1 Year Est. Return
+47.24%
3 Year Est. Return
+138.72%
5 Year Est. Return
+177.67%
10 Year Est. Return
+778.44%
AUM
$5.93B
AUM Growth
-$282M
(-4.5%)
Cap. Flow
-$375M
Cap. Flow
% of AUM
-6.32%
Top 10 Holdings %
Top 10 Hldgs %
13.26%
Holding
454
New
36
Increased
136
Reduced
247
Closed
28
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
KLA
KLAC
|
+$72.6M |
| 2 |
Wintrust Financial
WTFC
|
+$31.5M |
| 3 |
IPG
Interpublic Group of Companies
IPG
|
+$30.4M |
| 4 |
Omnicom Group
OMC
|
+$29.3M |
| 5 |
NVR
NVR
|
+$28.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cognizant
CTSH
|
+$62.4M |
| 2 |
TE Connectivity
TEL
|
+$60.7M |
| 3 |
HCA Healthcare
HCA
|
+$43.7M |
| 4 |
Kraft Heinz
KHC
|
+$40.2M |
| 5 |
United Therapeutics
UTHR
|
+$39.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.03% |
| 2 | Financials | 14.97% |
| 3 | Healthcare | 14.79% |
| 4 | Consumer Discretionary | 14.35% |
| 5 | Industrials | 12.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Archer Daniels Midland
ADM
$36.9B
| $5.98M | 0.1% |
75,014
+3,972
| +6% | +$324K |
|
252
Ingredion
INGR
$6.58B
| $5.96M | 0.1% |
58,539
-11,172
| -16% | -$1.11M |
|
253
Hancock Whitney
HWC
$6.24B
| $5.92M | 0.1% |
162,600
+13,880
| +9% | +$648K |
|
254
OceanFirst Financial
OCFC
$1.91B
| $5.86M | 0.1% |
316,889
-10,376
| -3% | -$230K |
|
255
Celanese
CE
$4.82B
| $5.78M | 0.1% |
53,098
-9,484
| -15% | -$1.1M |
|
256
LivaNova
LIVN
$4.2B
| $5.66M | 0.1% |
129,795
-6,461
| -5% | -$327K |
|
257
Nucor
NUE
$62.1B
| $5.65M | 0.1% |
36,558
-9,582
| -21% | -$1.52M |
|
258
Steel Dynamics
STLD
$37.6B
| $5.65M | 0.1% |
49,932
-15,113
| -23% | -$1.76M |
|
|
X
259
DELISTED
US Steel
X
| $5.6M | 0.09% |
214,599
-42,214
| -16% | -$1.17M |
|
260
Louisiana-Pacific
LPX
$5.49B
| $5.56M | 0.09% |
102,557
-7,219
| -7% | -$442K |
|
261
Huntsman Corp
HUN
$1.77B
| $5.5M | 0.09% |
201,100
-28,348
| -12% | -$845K |
|
262
Cleveland-Cliffs
CLF
$6.99B
| $5.48M | 0.09% |
+299,236
| New | +$5.93M |
|
263
UFP Industries
UFPI
$5.19B
| $5.42M | 0.09% |
68,141
-13,259
| -16% | -$1.13M |
|
264
Chemours
CC
$2.37B
| $5.41M | 0.09% |
180,778
-36,444
| -17% | -$1.2M |
|
|
MPT
265
Medical Properties Trust
MPT
$2.81B
| $5.38M | 0.09% |
654,441
-115,346
| -15% | -$1.27M |
|
266
ATI
ATI
$31B
| $5.3M | 0.09% |
134,259
-8,658
| -6% | -$327K |
|
267
Clearwater Paper
CLW
$376M
| $5.18M | 0.09% |
154,951
-7,319
| -5% | -$264K |
|
268
German American Bancorp
GABC
$1.9B
| $5.18M | 0.09% |
155,084
-5,225
| -3% | -$194K |
|
269
Korn Ferry
KFY
$4.28B
| $5.08M | 0.09% |
98,156
+15,334
| +19% | +$828K |
|
270
General Motors
GM
$76.8B
| $4.89M | 0.08% |
133,399
+1,300
| +1% | +$49.2K |
|
271
ANI Pharmaceuticals
ANIP
$1.78B
| $4.72M | 0.08% |
118,945
-5,325
| -4% | -$225K |
|
272
ACI Worldwide
ACIW
$5.42B
| $4.71M | 0.08% |
174,538
-12,765
| -7% | -$338K |
|
273
Conduent
CNDT
$264M
| $4.63M | 0.08% |
1,348,568
-96,020
| -7% | -$395K |
|
274
Helmerich & Payne
HP
$3.71B
| $4.49M | 0.08% |
+125,509
| New | +$5.42M |
|
275
Ramaco Resources Class A
METC
$649M
| $4.4M | 0.07% |
515,802
-38,240
| -7% | -$358K |
|
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Wedge Capital Management's Q1 2023 Portfolio in Review
As of Q1 2023, Wedge Capital Management held 454 positions worth $5.93B, down 4.5% from $6.21B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Wedge Capital Management withdrew a net $375M in Q1 2023, closing 28 positions and reducing 247 holdings. Its most notable exit was Cognizant, an estimated $62.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 19% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Wedge Capital Management opened a new position in KLA worth $73.5M.
- Wedge Capital Management's largest Q1 2023 buy was KLA: 1,842,030 shares worth $73.5M.
- Wedge Capital Management added most to Penske Automotive Group in Q1 2023, an estimated $27.1M increase.
- Wedge Capital Management's biggest Q1 2023 reduction was HCA Healthcare, cutting an estimated $43.7M.
- Wedge Capital Management fully exited Cognizant in Q1 2023, selling an estimated $62.4M.
- Wedge Capital Management's ten largest holdings make up 13% of its $5.93B portfolio in Q1 2023.
- Wedge Capital Management opened 36 new positions and closed 28 in Q1 2023.
- Wedge Capital Management's portfolio value fell 4.5% quarter-over-quarter to $5.93B.
Based on Wedge Capital Management's 13F filing for Q1 2023, filed 11 Apr 2023.