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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
(-22%)
Cap. Flow
-$583M
Cap. Flow
% of AUM
-7.2%
Top 10 Holdings %
Top 10 Hldgs %
16.04%
Holding
607
New
35
Increased
169
Reduced
258
Closed
53
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PG&E
PCG
|
+$87.3M |
| 2 |
ETRN
Equitrans Midstream Corporation Common Stock
ETRN
|
+$70.3M |
| 3 |
Boeing
BA
|
+$43.3M |
| 4 |
Lockheed Martin
LMT
|
+$42.7M |
| 5 |
Cadence Design Systems
CDNS
|
+$41.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WFT
Weatherford International plc
WFT
|
+$93.5M |
| 2 |
EQT Corp
EQT
|
+$64.1M |
| 3 |
NVIDIA
NVDA
|
+$58.9M |
| 4 |
Analog Devices
ADI
|
+$54.6M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
|
AAMI
551
Acadian Asset Management
AAMI
$3.28B
| $185K | ﹤0.01% |
17,306
-1,505
| -8% | -$18.1K |
|
552
Perdoceo Education
PRDO
$2.06B
| $177K | ﹤0.01% |
15,494
-209
| -1% | -$2.77K |
|
|
DF
553
DELISTED
Dean Foods Company
DF
| $176K | ﹤0.01% |
46,065
+13,692
| +42% | +$82.8K |
|
554
GE Aerospace
GE
$391B
| $106K | ﹤0.01% |
2,935
+327
| +13% | +$14.8K |
|
555
Abbott
ABT
$182B
| – | – |
-2,756
| Closed | -$202K |
|
|
556
Analog Devices
ADI
$185B
| – | – |
-590,535
| Closed | -$54.6M |
|
557
Adient
ADNT
$1.66B
| – | – |
-201,750
| Closed | -$7.93M |
|
558
American Public Education
APEI
$980M
| – | – |
-6,055
| Closed | -$200K |
|
559
Barrett Business Services
BBSI
$984M
| – | – |
-14,012
| Closed | -$234K |
|
560
Comstock Resources
CRK
$3.91B
| – | – |
-35,560
| Closed | -$298K |
|
|
CSGS
561
DELISTED
CSG Systems International
CSGS
| – | – |
-7,924
| Closed | -$318K |
|
562
Community Trust Bancorp
CTBI
$1.44B
| – | – |
-4,676
| Closed | -$217K |
|
563
Citi Trends
CTRN
$605M
| – | – |
-52,610
| Closed | -$1.51M |
|
564
ENI
E
$77.5B
| – | – |
-480,984
| Closed | -$18.1M |
|
565
Entravision Communication
EVC
$1.07B
| – | – |
-35,911
| Closed | -$176K |
|
566
First American
FAF
$7.76B
| – | – |
-15,621
| Closed | -$806K |
|
567
First Commonwealth Financial
FCF
$2.22B
| – | – |
-18,905
| Closed | -$305K |
|
568
Forrester Research
FORR
$228M
| – | – |
-5,637
| Closed | -$259K |
|
569
Great Southern Bancorp
GSBC
$893M
| – | – |
-3,899
| Closed | -$216K |
|
570
Hope Bancorp
HOPE
$1.83B
| – | – |
-503,768
| Closed | -$8.15M |
|
571
Ingles Markets
IMKTA
$1.74B
| – | – |
-6,848
| Closed | -$235K |
|
|
TBHC
572
DELISTED
The Brand House Collective
TBHC
| – | – |
-58,500
| Closed | -$590K |
|
573
Kohl's
KSS
$2.28B
| – | – |
-440,719
| Closed | -$32.9M |
|
574
Limoneira
LMNR
$246M
| – | – |
-28,699
| Closed | -$749K |
|
575
Stride
LRN
$3.42B
| – | – |
-11,550
| Closed | -$204K |
|
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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.