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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
+3.24%
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
$8.74B
AUM Growth
-$33.9M
(-0.39%)
Cap. Flow
-$269M
Cap. Flow
% of AUM
-3.08%
Top 10 Holdings %
Top 10 Hldgs %
15.82%
Holding
664
New
92
Increased
152
Reduced
351
Closed
62
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Conduent
CNDT
|
+$76.1M |
| 2 |
Comcast
CMCSA
|
+$43.4M |
| 3 |
Teradyne
TER
|
+$41.9M |
| 4 |
Accenture
ACN
|
+$41.9M |
| 5 |
CERN
Cerner Corp
CERN
|
+$40.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSS
Total System Services, Inc.
TSS
|
+$43.9M |
| 2 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$43.4M |
| 3 |
Amphenol
APH
|
+$41.9M |
| 4 |
United Therapeutics
UTHR
|
+$39.3M |
| 5 |
Intel
INTC
|
+$38.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.68% |
| 2 | Industrials | 14.93% |
| 3 | Technology | 12.68% |
| 4 | Consumer Discretionary | 11.59% |
| 5 | Healthcare | 11.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
STAG Industrial
STAG
$7.43B
| $40.3M | 0.46% |
1,333,976
-77,466
| -5% | -$2.3M |
|
|
QTS
77
DELISTED
QTS REALTY TRUST, INC.
QTS
| $39.9M | 0.46% |
863,343
-37,956
| -4% | -$1.73M |
|
78
Enovis
ENOV
$1.69B
| $39.9M | 0.46% |
826,071
+56,404
| +7% | +$2.72M |
|
79
Cigna
CI
$76.1B
| $37M | 0.42% |
234,844
-81,002
| -26% | -$12.7M |
|
80
Cardinal Health
CAH
$53.2B
| $36.7M | 0.42% |
778,989
-8,746
| -1% | -$403K |
|
81
Jazz Pharmaceuticals
JAZZ
$16.2B
| $36.4M | 0.42% |
255,460
-30,981
| -11% | -$4.16M |
|
82
Goldman Sachs
GS
$302B
| $35.4M | 0.41% |
173,169
+35,365
| +26% | +$7M |
|
83
AXIS Capital
AXS
$7.67B
| $35.1M | 0.4% |
+587,864
| New | +$34.2M |
|
84
Aecom
ACM
$9.22B
| $34.9M | 0.4% |
921,001
-27,119
| -3% | -$901K |
|
85
First Hawaiian
FHB
$3.4B
| $34.6M | 0.4% |
1,337,878
-27,303
| -2% | -$722K |
|
86
American Financial Group
AFG
$11.8B
| $34.4M | 0.39% |
336,151
+327,414
| +3,747% | +$32.9M |
|
87
Gilead Sciences
GILD
$163B
| $34.4M | 0.39% |
509,749
-94,220
| -16% | -$6.2M |
|
88
Cencora
COR
$60.7B
| $34.3M | 0.39% |
401,803
-95,896
| -19% | -$7.58M |
|
89
Johnson & Johnson
JNJ
$617B
| $34.2M | 0.39% |
245,888
-37,924
| -13% | -$5.25M |
|
90
McKesson
MCK
$101B
| $34.2M | 0.39% |
254,212
-80,286
| -24% | -$10M |
|
91
Labcorp
LH
$25.9B
| $34.1M | 0.39% |
+229,785
| New | +$32.1M |
|
92
Biogen
BIIB
$30.7B
| $34.1M | 0.39% |
145,599
+25,866
| +22% | +$5.97M |
|
93
General Mills
GIS
$19.4B
| $34M | 0.39% |
646,871
-181,489
| -22% | -$9.38M |
|
94
Pfizer
PFE
$142B
| $34M | 0.39% |
826,288
+817,693
| +9,514% | +$32.5M |
|
|
HOLX
95
DELISTED
Hologic
HOLX
| $33.8M | 0.39% |
703,931
-115,129
| -14% | -$5.32M |
|
96
J.M. Smucker
SJM
$13.1B
| $33.7M | 0.39% |
292,825
-85,527
| -23% | -$10.4M |
|
97
Elevance Health
ELV
$81.6B
| $33.5M | 0.38% |
118,850
-11,779
| -9% | -$3.22M |
|
98
Tyson Foods
TSN
$21.4B
| $33.1M | 0.38% |
410,280
-196,257
| -32% | -$15.1M |
|
99
AbbVie
ABBV
$455B
| $31.8M | 0.36% |
+437,669
| New | +$34.4M |
|
100
Altria Group
MO
$113B
| $31.5M | 0.36% |
+664,740
| New | +$34.8M |
|
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Wedge Capital Management's Q2 2019 Portfolio in Review
As of Q2 2019, Wedge Capital Management held 664 positions worth $8.74B, down 0.39% from $8.77B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Wedge Capital Management withdrew a net $269M in Q2 2019, closing 62 positions and reducing 351 holdings. Its most notable exit was Total System Services, Inc., an estimated $43.9M position sold in full.
By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 19% a quarter earlier, followed by Industrials and Technology.
Against the trend, Wedge Capital Management opened a new position in Conduent worth $67.5M.
- Wedge Capital Management's largest Q2 2019 buy was Conduent: 7,035,186 shares worth $67.5M.
- Wedge Capital Management added most to Comcast in Q2 2019, an estimated $43.4M increase.
- Wedge Capital Management's biggest Q2 2019 reduction was Intel, cutting an estimated $38.7M.
- Wedge Capital Management fully exited Total System Services, Inc. in Q2 2019, selling an estimated $43.9M.
- Wedge Capital Management's ten largest holdings make up 16% of its $8.74B portfolio in Q2 2019.
- Wedge Capital Management opened 92 new positions and closed 62 in Q2 2019.
- Wedge Capital Management's portfolio value fell 0.39% quarter-over-quarter to $8.74B.
Based on Wedge Capital Management's 13F filing for Q2 2019, filed 1 Aug 2019.