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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
+0.6%
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
$5.64B
AUM Growth
-$533M
(-8.6%)
Cap. Flow
-$471M
Cap. Flow
% of AUM
-8.34%
Top 10 Holdings %
Top 10 Hldgs %
12.71%
Holding
517
New
24
Increased
157
Reduced
300
Closed
36
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Textron
TXT
|
+$66.7M |
| 2 |
Amphenol
APH
|
+$64.8M |
| 3 |
Leidos
LDOS
|
+$64.7M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$58.5M |
| 5 |
Analog Devices
ADI
|
+$57.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Corpay
CPAY
|
+$87.7M |
| 2 |
Micron Technology
MU
|
+$48.9M |
| 3 |
PVH
PVH
|
+$44.2M |
| 4 |
Ally Financial
ALLY
|
+$42.9M |
| 5 |
Ralph Lauren
RL
|
+$42.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.8% |
| 2 | Financials | 16.14% |
| 3 | Consumer Discretionary | 15.8% |
| 4 | Healthcare | 12.56% |
| 5 | Industrials | 11.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
MaxLinear
MXL
$6.37B
| – | – |
-83,387
| Closed | -$1.56M |
|
502
New Fortress Energy
NFE
$98M
| – | – |
-449,679
| Closed | -$13.8M |
|
503
New York Times
NYT
$10.5B
| – | – |
-58,661
| Closed | -$2.54M |
|
504
Old Republic International
ORI
$10.5B
| – | – |
-81,723
| Closed | -$2.51M |
|
505
Piper Sandler
PIPR
$5.02B
| – | – |
-17,784
| Closed | -$882K |
|
|
506
PVH
PVH
$3.99B
| – | – |
-314,026
| Closed | -$44.2M |
|
507
Qualys
QLYS
$6.29B
| – | – |
-14,879
| Closed | -$2.48M |
|
508
RBB Bancorp
RBB
$455M
| – | – |
-71,373
| Closed | -$1.29M |
|
|
509
Ralph Lauren
RL
$23.6B
| – | – |
-224,913
| Closed | -$42.2M |
|
510
Range Resources
RRC
$9.01B
| – | – |
-584,924
| Closed | -$20.1M |
|
|
SCHW
511
Charles Schwab
SCHW
$187B
| – | – |
-2,983
| Closed | -$216K |
|
512
United Parcel Service
UPS
$87.7B
| – | – |
-1,484
| Closed | -$221K |
|
513
Bristow Group
VTOL
$1.33B
| – | – |
-49,445
| Closed | -$1.34M |
|
514
Zebra Technologies
ZBRA
$17.2B
| – | – |
-3,860
| Closed | -$1.16M |
|
|
515
Corpay
CPAY
$26B
| – | – |
-284,269
| Closed | -$87.7M |
|
|
MRO
516
DELISTED
Marathon Oil Corporation
MRO
| – | – |
-757,140
| Closed | -$21.5M |
|
|
VGR
517
DELISTED
Vector Group Ltd.
VGR
| – | – |
-104,198
| Closed | -$1.14M |
|
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Wedge Capital Management's Q2 2024 Portfolio in Review
As of Q2 2024, Wedge Capital Management held 517 positions worth $5.64B, down 8.6% from $6.18B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Wedge Capital Management withdrew a net $471M in Q2 2024, closing 36 positions and reducing 300 holdings. Its most notable exit was Corpay, an estimated $87.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 25% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Wedge Capital Management opened a new position in Textron worth $64.3M.
- Wedge Capital Management's largest Q2 2024 buy was Textron: 749,113 shares worth $64.3M.
- Wedge Capital Management added most to Leidos in Q2 2024, an estimated $64.7M increase.
- Wedge Capital Management's biggest Q2 2024 reduction was Micron Technology, cutting an estimated $48.9M.
- Wedge Capital Management fully exited Corpay in Q2 2024, selling an estimated $87.7M.
- Wedge Capital Management's ten largest holdings make up 13% of its $5.64B portfolio in Q2 2024.
- Wedge Capital Management opened 24 new positions and closed 36 in Q2 2024.
- Wedge Capital Management's portfolio value fell 8.6% quarter-over-quarter to $5.64B.
Based on Wedge Capital Management's 13F filing for Q2 2024, filed 17 Jul 2024.