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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
Cap. Flow
-$375M
Cap. Flow %
-6.32%
Top 10 Hldgs %
13.26%
Holding
454
New
36
Increased
136
Reduced
247
Closed
28

Top Buys

Rank Stock Value
1
KLAC icon
KLA
KLAC
+$72.6M
2
WTFC icon
Wintrust Financial
WTFC
+$31.5M
3
IPG
Interpublic Group of Companies
IPG
+$30.4M
4
OMC icon
Omnicom Group
OMC
+$29.3M
5
NVR icon
NVR
NVR
+$28.5M

Top Sells

Rank Stock Value
1
CTSH icon
Cognizant
CTSH
+$62.4M
2
TEL icon
TE Connectivity
TEL
+$60.7M
3
HCA icon
HCA Healthcare
HCA
+$43.7M
4
KHC icon
Kraft Heinz
KHC
+$40.2M
5
UTHR icon
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
HOLX
26
DELISTED
Hologic
HOLX
$39.4M 0.66%
487,652
-40,507
-8% -$3.26M
AMGN icon
27
Amgen
AMGN
$221B
$39.3M 0.66%
162,736
+21,174
+15% +$5.2M
KR icon
28
Kroger
KR
$34.7B
$39.3M 0.66%
795,622
-43,533
-5% -$1.99M
DGX icon
29
Quest Diagnostics
DGX
$26B
$39M 0.66%
275,472
+5,422
+2% +$776K
COR icon
30
Cencora
COR
$61.7B
$38.5M 0.65%
240,462
+2,342
+1% +$372K
BMY icon
31
Bristol-Myers Squibb
BMY
$130B
$38.1M 0.64%
550,346
+52,452
+11% +$3.7M
LH icon
32
Labcorp
LH
$25.4B
$38.1M 0.64%
193,368
+3,138
+2% +$646K
CAH icon
33
Cardinal Health
CAH
$56B
$38M 0.64%
503,523
+7,092
+1% +$535K
ABBV icon
34
AbbVie
ABBV
$435B
$38M 0.64%
238,267
-9,596
-4% -$1.47M
SJM icon
35
J.M. Smucker
SJM
$12.7B
$37.9M 0.64%
240,736
-9,726
-4% -$1.48M
ELV icon
36
Elevance Health
ELV
$84.8B
$37.3M 0.63%
81,206
+6,181
+8% +$2.94M
AXS icon
37
AXIS Capital
AXS
$7.61B
$37M 0.62%
678,408
-125,345
-16% -$7.28M
HUM icon
38
Humana
HUM
$43.7B
$36.7M 0.62%
75,523
+3,243
+4% +$1.6M
CVS icon
39
CVS Health
CVS
$126B
$36.1M 0.61%
486,021
+105,739
+28% +$8.87M
CNC icon
40
Centene
CNC
$33.1B
$35.8M 0.6%
566,503
+101,886
+22% +$7.23M
MOH icon
41
Molina Healthcare
MOH
$10.2B
$35.5M 0.6%
132,844
+12,810
+11% +$3.68M
FTV icon
42
Fortive
FTV
$18.5B
$35.5M 0.6%
690,609
-79,056
-10% -$3.98M
NXST icon
43
Nexstar Media Group
NXST
$5.8B
$35.4M 0.6%
204,994
-51,786
-20% -$9.53M
POR icon
44
Portland General Electric
POR
$5.79B
$35.2M 0.59%
719,807
-30,035
-4% -$1.43M
CSL icon
45
Carlisle Companies
CSL
$15.3B
$35.1M 0.59%
155,242
-13,731
-8% -$3.34M
PDCE
46
DELISTED
PDC Energy, Inc.
PDCE
$32.8M 0.55%
510,821
-8,698
-2% -$563K
UNM icon
47
Unum
UNM
$14.1B
$32.6M 0.55%
823,374
+30,362
+4% +$1.25M
C icon
48
Citigroup
C
$231B
$32.2M 0.54%
686,974
+14,024
+2% +$688K
GPN icon
49
Global Payments
GPN
$23.9B
$32M 0.54%
303,789
-27,876
-8% -$3.02M
HIG icon
50
Hartford Financial Services
HIG
$39.4B
$31.7M 0.53%
454,433
+29,167
+7% +$2.17M
1
2
3 4 5

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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.