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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
-15.71%
1 Year Est. Return
+47.24%
3 Year Est. Return
+138.72%
5 Year Est. Return
+177.67%
10 Year Est. Return
+528.98%
AUM
$8.1B
AUM Growth
-$2.34B
(-22%)
Cap. Flow
-$583M
Cap. Flow
% of AUM
-7.2%
Top 10 Holdings %
Top 10 Hldgs %
16.04%
Holding
607
New
35
Increased
169
Reduced
258
Closed
53
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PG&E
PCG
|
+$87.3M |
| 2 |
ETRN
Equitrans Midstream Corporation Common Stock
ETRN
|
+$70.3M |
| 3 |
Boeing
BA
|
+$43.3M |
| 4 |
Lockheed Martin
LMT
|
+$42.7M |
| 5 |
Cadence Design Systems
CDNS
|
+$41.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WFT
Weatherford International plc
WFT
|
+$93.5M |
| 2 |
EQT Corp
EQT
|
+$64.1M |
| 3 |
NVIDIA
NVDA
|
+$58.9M |
| 4 |
Analog Devices
ADI
|
+$54.6M |
| 5 |
Texas Instruments
TXN
|
+$54.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.11% |
| 2 | Industrials | 16.54% |
| 3 | Healthcare | 12.06% |
| 4 | Consumer Discretionary | 10.98% |
| 5 | Technology | 10.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Zions Bancorporation
ZION
$10.5B
| $717K | 0.01% |
17,598
+1,233
| +8% | +$57.5K |
|
377
Regal Rexnord
RRX
$14.6B
| $710K | 0.01% |
10,135
-1,826
| -15% | -$138K |
|
378
Steel Dynamics
STLD
$38B
| $709K | 0.01% |
23,601
+4,882
| +26% | +$185K |
|
379
Nabors Industries
NBR
$1.24B
| $703K | 0.01% |
7,035
+2,538
| +56% | +$559K |
|
380
Huntington Bancshares
HBAN
$35.5B
| $702K | 0.01% |
58,915
+2,586
| +5% | +$35.9K |
|
381
Tetra Tech
TTEK
$8.97B
| $698K | 0.01% |
67,425
-3,575
| -5% | -$44.3K |
|
382
W.W. Grainger
GWW
$61.4B
| $692K | 0.01% |
2,450
+171
| +8% | +$50.9K |
|
|
ALTA
383
DELISTED
Altabancorp
ALTA
| $691K | 0.01% |
22,934
| – | – |
|
|
BKCC
384
DELISTED
BlackRock Capital Investment Corporation
BKCC
| $690K | 0.01% |
130,474
| – | – |
|
385
VeriSign
VRSN
$27B
| $673K | 0.01% |
4,537
-2,419
| -35% | -$363K |
|
386
OFS Capital
OFS
$49.3M
| $669K | 0.01% |
63,137
+583
| +0.9% | +$6.49K |
|
|
HDS
387
DELISTED
HD Supply Holdings, Inc.
HDS
| $659K | 0.01% |
17,557
+1,060
| +6% | +$40.8K |
|
|
PBCT
388
DELISTED
People's United Financial Inc
PBCT
| $648K | 0.01% |
44,901
-206
| -0.5% | -$3.26K |
|
389
Unisys
UIS
$218M
| $637K | 0.01% |
54,783
-592
| -1% | -$9.32K |
|
390
Akamai
AKAM
$17.9B
| $636K | 0.01% |
10,420
-3,754
| -26% | -$250K |
|
|
BFIN
391
DELISTED
BankFinancial
BFIN
| $632K | 0.01% |
42,300
| – | – |
|
|
DSPG
392
DELISTED
DSP Group Inc
DSPG
| $631K | 0.01% |
+56,329
| New | +$658K |
|
393
Jack Henry & Associates
JKHY
$11.1B
| $629K | 0.01% |
4,973
-488
| -9% | -$69.3K |
|
394
Northrim BanCorp
NRIM
$602M
| $629K | 0.01% |
76,512
| – | – |
|
395
Transcat
TRNS
$860M
| $628K | 0.01% |
33,021
| – | – |
|
396
RH
RH
$3.56B
| $627K | 0.01% |
5,234
-8
| -0.2% | -$962 |
|
397
American Eagle Outfitters
AEO
$3.03B
| $621K | 0.01% |
32,148
-1,504,724
| -98% | -$31.3M |
|
398
TechTarget
TTGT
$317M
| $620K | 0.01% |
50,786
+23,145
| +84% | +$381K |
|
|
HI
399
DELISTED
Hillenbrand
HI
| $618K | 0.01% |
16,281
-513
| -3% | -$23.4K |
|
400
Century Casinos
CNTY
$34.3M
| $614K | 0.01% |
83,100
| – | – |
|
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Wedge Capital Management's Q4 2018 Portfolio in Review
As of Q4 2018, Wedge Capital Management held 607 positions worth $8.1B, down 22% from $10.4B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Wedge Capital Management withdrew a net $583M in Q4 2018, closing 53 positions and reducing 258 holdings. Its most notable exit was Weatherford International plc, an estimated $93.5M position sold in full.
By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 19% a quarter earlier, followed by Industrials and Healthcare.
Against the trend, Wedge Capital Management opened a new position in Equitrans Midstream Corporation Common Stock worth $66.7M.
- Wedge Capital Management's largest Q4 2018 buy was Equitrans Midstream Corporation Common Stock: 3,330,071 shares worth $66.7M.
- Wedge Capital Management added most to PG&E in Q4 2018, an estimated $87.3M increase.
- Wedge Capital Management's biggest Q4 2018 reduction was EQT Corp, cutting an estimated $64.1M.
- Wedge Capital Management fully exited Weatherford International plc in Q4 2018, selling an estimated $93.5M.
- Wedge Capital Management's ten largest holdings make up 16% of its $8.1B portfolio in Q4 2018.
- Wedge Capital Management opened 35 new positions and closed 53 in Q4 2018.
- Wedge Capital Management's portfolio value fell 22% quarter-over-quarter to $8.1B.
Based on Wedge Capital Management's 13F filing for Q4 2018, filed 31 Jan 2019.