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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
Cap. Flow
-$583M
Cap. Flow %
-7.2%
Top 10 Hldgs %
16.04%
Holding
607
New
35
Increased
169
Reduced
258
Closed
53

Top Buys

Rank Stock Value
1
PCG icon
PG&E
PCG
+$87.3M
2
ETRN
Equitrans Midstream Corporation Common Stock
ETRN
+$70.3M
3
BA icon
Boeing
BA
+$43.3M
4
LMT icon
Lockheed Martin
LMT
+$42.7M
5
CDNS icon
Cadence Design Systems
CDNS
+$41.1M

Top Sells

Rank Stock Value
1
WFT
Weatherford International plc
WFT
+$93.5M
2
EQT icon
EQT Corp
EQT
+$64.1M
3
NVDA icon
NVIDIA
NVDA
+$58.9M
4
ADI icon
Analog Devices
ADI
+$54.6M
5
TXN icon
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
SPB icon
26
Spectrum Brands
SPB
$2.04B
$72.7M 0.9%
1,720,627
+275,130
+19% +$15.9M
TNL icon
27
Travel + Leisure Co
TNL
$4.61B
$72.7M 0.9%
2,027,236
+31,830
+2% +$1.24M
ALK icon
28
Alaska Air
ALK
$5.27B
$66.9M 0.83%
1,099,912
-154,682
-12% -$10M
ETRN
29
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$66.7M 0.82%
+3,330,071
New +$70.3M
EMN icon
30
Eastman Chemical
EMN
$8.01B
$59.9M 0.74%
819,809
-52,132
-6% -$4.16M
DHI icon
31
D.R. Horton
DHI
$40.7B
$57.3M 0.71%
1,652,451
-1,025,183
-38% -$37.4M
PNFP icon
32
Pinnacle Financial Partners Inc
PNFP
$15.8B
$56.7M 0.7%
1,230,124
+280,427
+30% +$14.9M
OPTU
33
Optimum Communications Inc
OPTU
$290M
$55.4M 0.68%
3,356,422
-364,221
-10% -$6.33M
MGP
34
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
$54.5M 0.67%
2,062,767
-286,261
-12% -$7.99M
BFH icon
35
Bread Financial
BFH
$4.47B
$53.3M 0.66%
445,128
-37,174
-8% -$5.83M
EVRG icon
36
Evergy
EVRG
$19.2B
$52.5M 0.65%
924,015
-565,969
-38% -$32.7M
MFA
37
MFA Financial
MFA
$935M
$47.5M 0.59%
1,779,167
-219,119
-11% -$6.15M
FITB
38
Fifth Third Bancorp
FITB
$51.3B
$47.1M 0.58%
2,002,646
-197,410
-9% -$5.19M
CI icon
39
Cigna
CI
$76.1B
$44.9M 0.55%
236,454
-11,159
-5% -$2.33M
POR icon
40
Portland General Electric
POR
$5.8B
$43.6M 0.54%
950,288
+243,527
+34% +$11.4M
AIG icon
41
American International
AIG
$41.8B
$42.3M 0.52%
1,073,892
+159,462
+17% +$6.96M
KEYS icon
42
Keysight
KEYS
$53.4B
$41.6M 0.51%
670,777
-45,511
-6% -$2.74M
CDNS icon
43
Cadence Design Systems
CDNS
$91.7B
$41.2M 0.51%
+946,773
New +$41.1M
BAC icon
44
Bank of America
BAC
$433B
$40.8M 0.5%
1,653,984
+65,393
+4% +$1.77M
BA icon
45
Boeing
BA
$175B
$40.6M 0.5%
125,978
+125,232
+16,787% +$43.3M
QCOM icon
46
Qualcomm
QCOM
$160B
$40.5M 0.5%
711,614
-48,310
-6% -$2.93M
GPN icon
47
Global Payments
GPN
$23.8B
$40.1M 0.5%
389,106
-55,556
-12% -$6.12M
TSS
48
DELISTED
Total System Services, Inc.
TSS
$40M 0.49%
492,502
-100,471
-17% -$8.9M
STAG icon
49
STAG Industrial
STAG
$7.43B
$39.9M 0.49%
1,601,856
-285,678
-15% -$7.47M
INTC icon
50
Intel
INTC
$460B
$39.8M 0.49%
848,991
+842,833
+13,687% +$39.5M
1
2
3 4 5

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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.