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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 | |
|---|---|---|---|---|---|---|
401
Affiliated Managers Group
AMG
$9.76B
| $213K | ﹤0.01% |
1,493
+40
| +3% | +$6.32K |
|
402
Grand Canyon Education
LOPE
$3.98B
| $212K | ﹤0.01% |
+1,860
| New | +$209K |
|
403
Medtronic
MDT
$112B
| $210K | ﹤0.01% |
2,610
| – | – |
|
|
UCTT
404
Ultra Clean Holdings
UCTT
$3.95B
| $209K | ﹤0.01% |
+6,293
| New | +$208K |
|
405
Lockheed Martin
LMT
$136B
| $207K | ﹤0.01% |
438
| – | – |
|
406
Altria Group
MO
$114B
| $206K | ﹤0.01% |
+4,625
| New | +$213K |
|
407
Embecta
EMBC
$262M
| $205K | ﹤0.01% |
+7,279
| New | +$207K |
|
408
Cohu
COHU
$2.5B
| $204K | ﹤0.01% |
5,320
-1,416
| -21% | -$51.3K |
|
409
Credit Acceptance
CACC
$6.08B
| $203K | ﹤0.01% |
466
+43
| +10% | +$18.9K |
|
|
CIR
410
DELISTED
CIRCOR International, Inc
CIR
| $202K | ﹤0.01% |
+6,480
| New | +$177K |
|
411
Bristow Group
VTOL
$1.36B
| $201K | ﹤0.01% |
8,957
+1,535
| +21% | +$40.7K |
|
412
Cinemark Holdings
CNK
$4.32B
| $198K | ﹤0.01% |
13,419
-565
| -4% | -$6.86K |
|
413
Old National Bancorp
ONB
$10.2B
| $189K | ﹤0.01% |
13,082
+1,755
| +15% | +$29.7K |
|
414
Select Water Solutions
WTTR
$2.61B
| $184K | ﹤0.01% |
26,500
+4,841
| +22% | +$37.7K |
|
415
Pediatrix Medical
MD
$2.2B
| $179K | ﹤0.01% |
+12,023
| New | +$182K |
|
|
MDRX
416
DELISTED
Veradigm Inc. Common Stock
MDRX
| $166K | ﹤0.01% |
+12,751
| New | +$206K |
|
417
ProPetro Holding
PUMP
$1.35B
| $165K | ﹤0.01% |
22,932
+6,205
| +37% | +$56.3K |
|
418
Comstock Resources
CRK
$3.94B
| $159K | ﹤0.01% |
14,704
+2,708
| +23% | +$32.2K |
|
|
VGR
419
DELISTED
Vector Group Ltd.
VGR
| $140K | ﹤0.01% |
11,658
-59
| -0.5% | -$744 |
|
420
Ford
F
$55.7B
| $135K | ﹤0.01% |
+10,688
| New | +$134K |
|
421
Vanda Pharmaceuticals
VNDA
$302M
| $131K | ﹤0.01% |
19,354
+8,350
| +76% | +$58.7K |
|
422
SiriusPoint
SPNT
$2.68B
| $120K | ﹤0.01% |
14,735
-1,614
| -10% | -$11.3K |
|
|
MRC
423
DELISTED
MRC Global
MRC
| $111K | ﹤0.01% |
11,444
+1,001
| +10% | +$11.4K |
|
424
Stagwell
STGW
$2.24B
| $111K | ﹤0.01% |
+14,912
| New | +$104K |
|
425
Acco Brands
ACCO
$407M
| $110K | ﹤0.01% |
20,722
+2,223
| +12% | +$12.7K |
|
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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.