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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
-1.65%
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
$5.06B
AUM Growth
-$1.22B
Cap. Flow
-$1.09B
Cap. Flow %
-21.57%
Top 10 Hldgs %
14.29%
Holding
535
New
30
Increased
86
Reduced
370
Closed
46

Top Buys

Rank Stock Value
1
DBX icon
Dropbox
DBX
+$68.9M
2
LRCX icon
Lam Research
LRCX
+$67.9M
3
MGM icon
MGM Resorts International
MGM
+$38.4M
4
WU icon
Western Union
WU
+$28.7M
5
POST icon
Post Holdings
POST
+$28.4M

Top Sells

Rank Stock Value
1
KEYS icon
Keysight
KEYS
+$76.7M
2
TXN icon
Texas Instruments
TXN
+$70.8M
3
COF icon
Capital One
COF
+$34.2M
4
BIO icon
Bio-Rad Laboratories Class A
BIO
+$30.1M
5
SJM icon
J.M. Smucker
SJM
+$30.1M

Sector Composition

Rank Sector Weight
1 Technology 24.32%
2 Consumer Discretionary 16.51%
3 Financials 15.95%
4 Healthcare 14.53%
5 Industrials 11.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HE icon
501
Hawaiian Electric Industries
HE
$2.14B
– –
-72,367
Closed -$2.62M
HSII
502
DELISTED
Heidrick & Struggles
HSII
– –
-37,700
Closed -$998K
HTBK
503
DELISTED
Heritage Commerce
HTBK
– –
-126,282
Closed -$1.05M
HUN icon
504
Huntsman Corp
HUN
$1.77B
– –
-197,160
Closed -$5.33M
IPG
505
DELISTED
Interpublic Group of Companies
IPG
– –
-728,483
Closed -$28.1M
IRWD icon
506
Ironwood Pharmaceuticals
IRWD
$714M
– –
-248,755
Closed -$2.65M
JKHY icon
507
Jack Henry & Associates
JKHY
$11.1B
– –
-35,514
Closed -$5.94M
KEYS icon
508
Keysight
KEYS
$58.3B
– –
-457,802
Closed -$76.7M
MCD icon
509
McDonald's
MCD
$195B
– –
-1,273
Closed -$380K
MED icon
510
Medifast
MED
$141M
– –
-16,629
Closed -$1.53M
MO icon
511
Altria Group
MO
$114B
– –
-4,474
Closed -$203K
MRK icon
512
Merck
MRK
$318B
– –
-4,350
Closed -$502K
OMC icon
513
Omnicom Group
OMC
$23.4B
– –
-294,652
Closed -$28M
PBF icon
514
PBF Energy
PBF
$7.31B
– –
-69,221
Closed -$2.83M
PEP icon
515
PepsiCo
PEP
$190B
– –
-2,646
Closed -$490K
RTX icon
516
RTX Corp
RTX
$301B
– –
-2,620
Closed -$257K
ECHO
517
EchoStar
ECHO
$26.2B
– –
-32,904
Closed -$571K
SFST icon
518
Southern First Bancshares
SFST
$600M
– –
-83,231
Closed -$2.06M
SJM icon
519
J.M. Smucker
SJM
$12.8B
– –
-203,758
Closed -$30.1M
SPXC icon
520
SPX Corp
SPXC
$10.8B
– –
-48,070
Closed -$4.08M
TDS icon
521
Telephone and Data Systems
TDS
$3.75B
– –
-97,118
Closed -$799K
TNL icon
522
Travel + Leisure Co
TNL
$4.7B
– –
-316,886
Closed -$12.8M
TSCO icon
523
Tractor Supply
TSCO
$18B
– –
-599,010
Closed -$26.5M
VIR icon
524
Vir Biotechnology
VIR
$1.49B
– –
-123,084
Closed -$3.02M
VVV icon
525
Valvoline
VVV
$4.51B
– –
-133,541
Closed -$5.01M
18 19 20
21
22

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JWBC
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EAM
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AA
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RCG
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CIS
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AAM
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Wedge Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Wedge Capital Management held 535 positions worth $5.06B, down 19% from $6.28B the previous quarter. Its ten largest holdings account for 14% of the portfolio.

Wedge Capital Management withdrew a net $1.09B in Q3 2023, closing 46 positions and reducing 370 holdings. Its most notable exit was Keysight, an estimated $76.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Financials.

Against the trend, Wedge Capital Management opened a new position in Lam Research worth $64.8M.

  • Wedge Capital Management's largest Q3 2023 buy was Lam Research: 1,033,840 shares worth $64.8M.
  • Wedge Capital Management added most to Dropbox in Q3 2023, an estimated $68.9M increase.
  • Wedge Capital Management's biggest Q3 2023 reduction was Texas Instruments, cutting an estimated $70.8M.
  • Wedge Capital Management fully exited Keysight in Q3 2023, selling an estimated $76.7M.
  • Wedge Capital Management's ten largest holdings make up 14% of its $5.06B portfolio in Q3 2023.
  • Wedge Capital Management opened 30 new positions and closed 46 in Q3 2023.
  • Wedge Capital Management's portfolio value fell 19% quarter-over-quarter to $5.06B.

Based on Wedge Capital Management's 13F filing for Q3 2023, filed 13 Oct 2023.