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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 | |
|---|---|---|---|---|---|---|
276
First Interstate BancSystem
FIBK
$3.58B
| $4.13M | 0.07% |
138,350
-4,762
| -3% | -$168K |
|
|
EHAB
277
DELISTED
Enhabit
EHAB
| $3.84M | 0.06% |
276,412
-15,417
| -5% | -$222K |
|
278
Microsoft
MSFT
$3.71T
| $3.56M | 0.06% |
12,340
| – | – |
|
279
Cathay General Bancorp
CATY
$4.24B
| $3.52M | 0.06% |
101,926
-2,587
| -2% | -$106K |
|
280
Capital Bancorp
CBNK
$615M
| $3.5M | 0.06% |
210,411
-5,018
| -2% | -$102K |
|
281
Home BancShares
HOMB
$6.18B
| $3.45M | 0.06% |
159,025
-5,557
| -3% | -$128K |
|
282
RBB Bancorp
RBB
$455M
| $3.31M | 0.06% |
213,826
-4,778
| -2% | -$91.5K |
|
|
VBTX
283
DELISTED
Veritex Holdings
VBTX
| $3.25M | 0.05% |
178,022
-3,151
| -2% | -$80.3K |
|
284
EPR Properties
EPR
$4.77B
| $3.22M | 0.05% |
84,427
-4,624
| -5% | -$184K |
|
285
TTM Technologies
TTMI
$14.5B
| $3.1M | 0.05% |
229,452
-8,883
| -4% | -$129K |
|
286
Southern First Bancshares
SFST
$600M
| $2.76M | 0.05% |
89,996
-2,837
| -3% | -$111K |
|
|
CSTR
287
DELISTED
CapStar Financial Holdings, Inc
CSTR
| $2.74M | 0.05% |
181,092
-7,567
| -4% | -$126K |
|
|
SASR
288
DELISTED
Sandy Spring Bancorp Inc
SASR
| $2.43M | 0.04% |
93,457
-2,672
| -3% | -$85.9K |
|
|
FOLD
289
DELISTED
Amicus Therapeutics
FOLD
| $2.41M | 0.04% |
217,454
-11,426
| -5% | -$141K |
|
290
Center Bancorp
CNOB
$1.78B
| $2.05M | 0.03% |
115,784
-4,796
| -4% | -$109K |
|
291
Alphabet (Google) Class C
GOOG
$4.32T
| $1.99M | 0.03% |
19,168
+159
| +0.8% | +$15.4K |
|
292
WSFS Financial
WSFS
$4.15B
| $1.69M | 0.03% |
44,810
-1,097
| -2% | -$50.4K |
|
|
FLIC
293
DELISTED
First of Long Island Corp
FLIC
| $1.21M | 0.02% |
89,475
-1,599
| -2% | -$26.8K |
|
294
Amazon
AMZN
$2.96T
| $1.18M | 0.02% |
11,406
+183
| +2% | +$17.7K |
|
|
SFBS
295
ServisFirst Bancshares
SFBS
$4.86B
| $1.16M | 0.02% |
21,234
-556
| -3% | -$37.3K |
|
296
Meta Platforms (Facebook)
META
$1.51T
| $855K | 0.01% |
4,033
-26
| -0.6% | -$4.43K |
|
297
Leidos
LDOS
$17.3B
| $789K | 0.01% |
8,572
+721
| +9% | +$69.7K |
|
298
ExxonMobil
XOM
$634B
| $773K | 0.01% |
7,048
-379
| -5% | -$41.9K |
|
299
Aecom
ACM
$9.75B
| $755K | 0.01% |
8,956
+38
| +0.4% | +$3.28K |
|
300
Hewlett Packard
HPE
$70.5B
| $752K | 0.01% |
47,189
-6,760
| -13% | -$106K |
|
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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.