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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
IPG
51
DELISTED
Interpublic Group of Companies
IPG
$31.5M 0.53%
+847,022
New +$30.4M
AMP icon
52
Ameriprise Financial
AMP
$48.8B
$31.4M 0.53%
102,599
+2,040
+2% +$668K
COF icon
53
Capital One
COF
$133B
$31.4M 0.53%
326,329
+4,500
+1% +$471K
GS icon
54
Goldman Sachs
GS
$302B
$31.3M 0.53%
95,745
+6,406
+7% +$2.23M
OMC icon
55
Omnicom Group
OMC
$23.4B
$31.3M 0.53%
+331,253
New +$29.3M
CASY icon
56
Casey's General Stores
CASY
$30.8B
$31.1M 0.52%
143,487
-7,444
-5% -$1.63M
BEN icon
57
Franklin Resources
BEN
$17.2B
$31.1M 0.52%
1,152,850
-39,667
-3% -$1.16M
BYD icon
58
Boyd Gaming
BYD
$6.09B
$31M 0.52%
482,786
-126,890
-21% -$7.86M
PRKS icon
59
United Parks & Resorts
PRKS
$2.12B
$31M 0.52%
504,854
-172,064
-25% -$10.5M
NVR icon
60
NVR
NVR
$17.1B
$30.8M 0.52%
+5,530
New +$28.5M
DFS
61
DELISTED
Discover Financial Services
DFS
$30.7M 0.52%
310,557
+9,436
+3% +$1.01M
ROST icon
62
Ross Stores
ROST
$81.6B
$30.5M 0.51%
287,338
-20,320
-7% -$2.28M
MUSA icon
63
Murphy USA
MUSA
$9.7B
$30.5M 0.51%
118,149
-9,522
-7% -$2.48M
ULTA icon
64
Ulta Beauty
ULTA
$23.9B
$30.5M 0.51%
55,859
-21,296
-28% -$10.9M
MAR icon
65
Marriott International
MAR
$92.8B
$30.3M 0.51%
182,368
-44,257
-20% -$7.37M
JEF icon
66
Jefferies Financial Group
JEF
$13.1B
$30.2M 0.51%
950,148
+38,864
+4% +$1.4M
ORLY icon
67
O'Reilly Automotive
ORLY
$76.4B
$30.2M 0.51%
532,815
-126,180
-19% -$6.91M
APA icon
68
APA Corp
APA
$13.3B
$29.9M 0.51%
830,280
+23,140
+3% +$929K
HRB icon
69
H&R Block
HRB
$5.87B
$29.9M 0.5%
848,587
-47,540
-5% -$1.76M
TSCO icon
70
Tractor Supply
TSCO
$18B
$29.8M 0.5%
634,380
-227,580
-26% -$10.4M
MKL icon
71
Markel Group
MKL
$23.3B
$29.8M 0.5%
23,330
-200
-0.8% -$266K
BJ icon
72
BJs Wholesale Club
BJ
$12.3B
$29.8M 0.5%
391,407
-106,478
-21% -$7.74M
CAR icon
73
Avis
CAR
$5.02B
$29.8M 0.5%
152,840
-13,442
-8% -$2.7M
AZO icon
74
AutoZone
AZO
$50.4B
$29.7M 0.5%
12,085
-2,799
-19% -$6.83M
PAG icon
75
Penske Automotive Group
PAG
$14.2B
$29.1M 0.49%
205,241
+203,453
+11,379% +$27.1M
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.