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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 | |
|---|---|---|---|---|---|---|
|
CHS
426
DELISTED
Chicos FAS, Inc.
CHS
| $87.5K | ﹤0.01% |
15,911
-332
| -2% | -$1.77K |
|
427
Accel Entertainment
ACEL
$987M
| – | – |
-10,305
| Closed | -$79K |
|
428
Amneal Pharmaceuticals
AMRX
$5.79B
| – | – |
-31,203
| Closed | -$62K |
|
429
Popular Inc
BPOP
$11.1B
| – | – |
-3,438
| Closed | -$228K |
|
430
Clean Harbors
CLH
$16.3B
| – | – |
-51,330
| Closed | -$5.86M |
|
|
431
Cognizant
CTSH
$26B
| – | – |
-1,091,527
| Closed | -$62.4M |
|
432
Commault Systems
CVLT
$5.61B
| – | – |
-3,271
| Closed | -$206K |
|
433
Entergy
ETR
$50B
| – | – |
-350,808
| Closed | -$19.7M |
|
434
First American
FAF
$7.58B
| – | – |
-5,092
| Closed | -$267K |
|
435
F&G Annuities & Life
FG
$3.62B
| – | – |
-49,298
| Closed | -$986K |
|
436
Home Depot
HD
$355B
| – | – |
-1,822
| Closed | -$575K |
|
437
Helen of Troy
HELE
$693M
| – | – |
-53,049
| Closed | -$5.88M |
|
438
KeyCorp
KEY
$24.4B
| – | – |
-1,872,474
| Closed | -$32.6M |
|
|
439
Kraft Heinz
KHC
$30B
| – | – |
-987,724
| Closed | -$40.2M |
|
440
Lincoln National
LNC
$8.81B
| – | – |
-965,996
| Closed | -$29.7M |
|
441
Lumen
LUMN
$6.44B
| – | – |
-24,417
| Closed | -$127K |
|
442
Metropolitan Bank Holding Corp
MCB
$1.15B
| – | – |
-85,750
| Closed | -$5.03M |
|
443
NETSCOUT
NTCT
$2.79B
| – | – |
-6,219
| Closed | -$202K |
|
444
Old Second Bancorp
OSBC
$1.29B
| – | – |
-275,795
| Closed | -$4.42M |
|
445
Otter Tail
OTTR
$3.94B
| – | – |
-3,702
| Closed | -$217K |
|
446
Performance Food Group
PFGC
$18B
| – | – |
-142,993
| Closed | -$8.35M |
|
|
SCHW
447
Charles Schwab
SCHW
$187B
| – | – |
-3,191
| Closed | -$266K |
|
448
Stock Yards Bancorp
SYBT
$2.6B
| – | – |
-26,834
| Closed | -$1.74M |
|
|
449
TE Connectivity
TEL
$62.6B
| – | – |
-529,133
| Closed | -$60.7M |
|
|
450
United Therapeutics
UTHR
$23.1B
| – | – |
-143,163
| Closed | -$39.8M |
|
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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.