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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
+15.74%
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
$8.77B
AUM Growth
+$669M
Cap. Flow
-$451M
Cap. Flow %
-5.14%
Top 10 Hldgs %
16.6%
Holding
604
New
50
Increased
211
Reduced
305
Closed
32

Top Buys

Rank Stock Value
1
AZPN
ASPEN TECHNOLOGY INC
AZPN
+$44.9M
2
ORCL icon
Oracle
ORCL
+$42.1M
3
CDW icon
CDW
CDW
+$40.5M
4
SJM icon
J.M. Smucker
SJM
+$39.5M
5
CIEN icon
Ciena
CIEN
+$39.5M

Top Sells

Rank Stock Value
1
PCG icon
PG&E
PCG
+$155M
2
DHI icon
D.R. Horton
DHI
+$57.3M
3
SPB icon
Spectrum Brands
SPB
+$54.3M
4
QCOM icon
Qualcomm
QCOM
+$40.5M
5
AAPL icon
Apple
AAPL
+$39.7M

Sector Composition

Rank Sector Weight
1 Financials 18.6%
2 Industrials 16.45%
3 Technology 11.59%
4 Healthcare 11.46%
5 Consumer Discretionary 11.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TNL icon
26
Travel + Leisure Co
TNL
$4.66B
$71.5M 0.82%
1,766,970
-260,266
-13% -$11M
BFH icon
27
Bread Financial
BFH
$4.37B
$70.4M 0.8%
504,369
+59,241
+13% +$8.06M
OPTU
28
Optimum Communications Inc
OPTU
$298M
$68.2M 0.78%
3,174,988
-181,434
-5% -$3.67M
EVRG icon
29
Evergy
EVRG
$19.1B
$64.8M 0.74%
1,116,477
+192,462
+21% +$11M
MGP
30
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
$64.6M 0.74%
2,003,207
-59,560
-3% -$1.8M
PNFP icon
31
Pinnacle Financial Partners Inc
PNFP
$15.9B
$62.3M 0.71%
1,138,828
-91,296
-7% -$5.04M
EMN icon
32
Eastman Chemical
EMN
$8B
$60M 0.68%
790,400
-29,409
-4% -$2.34M
MFA
33
MFA Financial
MFA
$926M
$56.1M 0.64%
1,930,014
+150,847
+8% +$4.37M
CI icon
34
Cigna
CI
$73.7B
$50.8M 0.58%
315,846
+79,392
+34% +$14.5M
ALK icon
35
Alaska Air
ALK
$5.29B
$49.8M 0.57%
887,062
-212,850
-19% -$13M
FITB
36
Fifth Third Bancorp
FITB
$51.2B
$49.1M 0.56%
1,947,258
-55,388
-3% -$1.48M
QVCGA
37
DELISTED
QVC Group Inc Series A
QVCGA
$49.1M 0.56%
63,294
+26,910
+74% +$25.9M
CDNS icon
38
Cadence Design Systems
CDNS
$93.6B
$45.1M 0.51%
710,583
-236,190
-25% -$12.5M
MSFT icon
39
Microsoft
MSFT
$3.45T
$45M 0.51%
381,704
-2,246
-0.6% -$245K
AZPN
40
DELISTED
ASPEN TECHNOLOGY INC
AZPN
$44.9M 0.51%
+430,480
New +$44.9M
PAYC icon
41
Paycom
PAYC
$7.64B
$44.4M 0.51%
234,778
-73,767
-24% -$12M
POR icon
42
Portland General Electric
POR
$5.8B
$44.4M 0.51%
856,101
-94,187
-10% -$4.6M
ORCL icon
43
Oracle
ORCL
$374B
$44.3M 0.51%
+825,514
New +$42.1M
CSCO icon
44
Cisco
CSCO
$457B
$44.3M 0.51%
820,977
-28,358
-3% -$1.38M
SJM icon
45
J.M. Smucker
SJM
$12.7B
$44.1M 0.5%
+378,352
New +$39.5M
GPN icon
46
Global Payments
GPN
$23B
$44M 0.5%
322,062
-67,044
-17% -$8.14M
TSS
47
DELISTED
Total System Services, Inc.
TSS
$43.9M 0.5%
462,214
-30,288
-6% -$2.74M
PAYX icon
48
Paychex
PAYX
$41.6B
$43.7M 0.5%
544,952
-46,312
-8% -$3.42M
CDW icon
49
CDW
CDW
$18.9B
$43.7M 0.5%
+453,320
New +$40.5M
FISV
50
Fiserv Inc
FISV
$28.8B
$43.5M 0.5%
492,729
-41,082
-8% -$3.39M
1
2
3 4 5

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JWBC
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EAM
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Wedge Capital Management's Q1 2019 Portfolio in Review

As of Q1 2019, Wedge Capital Management held 604 positions worth $8.77B, up 8.3% from $8.1B the previous quarter. Its ten largest holdings account for 17% of the portfolio.

Wedge Capital Management withdrew a net $451M in Q1 2019, closing 32 positions and reducing 305 holdings. Its most notable exit was PG&E, an estimated $155M 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 Technology.

Against the trend, Wedge Capital Management opened a new position in ASPEN TECHNOLOGY INC worth $44.9M.

  • Wedge Capital Management's largest Q1 2019 buy was ASPEN TECHNOLOGY INC: 430,480 shares worth $44.9M.
  • Wedge Capital Management added most to Ciena in Q1 2019, an estimated $39.5M increase.
  • Wedge Capital Management's biggest Q1 2019 reduction was Spectrum Brands, cutting an estimated $54.3M.
  • Wedge Capital Management fully exited PG&E in Q1 2019, selling an estimated $155M.
  • Wedge Capital Management's ten largest holdings make up 17% of its $8.77B portfolio in Q1 2019.
  • Wedge Capital Management opened 50 new positions and closed 32 in Q1 2019.
  • Wedge Capital Management's portfolio value rose 8.3% quarter-over-quarter to $8.77B.

Based on Wedge Capital Management's 13F filing for Q1 2019, filed 2 May 2019.