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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
Cap. Flow
-$583M
Cap. Flow %
-7.2%
Top 10 Hldgs %
16.04%
Holding
607
New
35
Increased
169
Reduced
258
Closed
53

Top Buys

Rank Stock Value
1
PCG icon
PG&E
PCG
+$87.3M
2
ETRN
Equitrans Midstream Corporation Common Stock
ETRN
+$70.3M
3
BA icon
Boeing
BA
+$43.3M
4
LMT icon
Lockheed Martin
LMT
+$42.7M
5
CDNS icon
Cadence Design Systems
CDNS
+$41.1M

Top Sells

Rank Stock Value
1
WFT
Weatherford International plc
WFT
+$93.5M
2
EQT icon
EQT Corp
EQT
+$64.1M
3
NVDA icon
NVIDIA
NVDA
+$58.9M
4
ADI icon
Analog Devices
ADI
+$54.6M
5
TXN icon
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
COR icon
101
Cencora
COR
$60.6B
$29.7M 0.37%
398,718
+3,434
+0.9% +$296K
FHB icon
102
First Hawaiian
FHB
$3.38B
$29.4M 0.36%
1,307,999
+318,160
+32% +$7.86M
PB icon
103
Prosperity Bancshares
PB
$8.97B
$29.3M 0.36%
470,122
-202,020
-30% -$13.3M
ACM icon
104
Aecom
ACM
$9.3B
$28.2M 0.35%
1,064,936
-152,533
-13% -$4.64M
MOH icon
105
Molina Healthcare
MOH
$10.2B
$27.6M 0.34%
237,902
-7,234
-3% -$948K
HIG icon
106
Hartford Financial Services
HIG
$38.9B
$27.4M 0.34%
616,487
+12,461
+2% +$561K
GWR
107
DELISTED
Genesee & Wyoming Inc.
GWR
$27.3M 0.34%
368,951
-60,032
-14% -$4.81M
VVC
108
DELISTED
Vectren Corporation
VVC
$27.3M 0.34%
379,278
-100,112
-21% -$7.17M
MET icon
109
MetLife
MET
$61.9B
$26.3M 0.32%
640,450
-57,532
-8% -$2.47M
PFG icon
110
Principal Financial Group
PFG
$24.3B
$26M 0.32%
587,573
+27,010
+5% +$1.33M
JPM icon
111
JPMorgan Chase
JPM
$935B
$25.4M 0.31%
259,936
-29,896
-10% -$3.19M
CMA
112
DELISTED
Comerica
CMA
$25.4M 0.31%
369,222
+360,342
+4,058% +$28.6M
UNM icon
113
Unum
UNM
$13.6B
$25.2M 0.31%
859,381
-8,629
-1% -$302K
PRU icon
114
Prudential Financial
PRU
$42.4B
$25.2M 0.31%
309,435
-1,625
-0.5% -$150K
MS icon
115
Morgan Stanley
MS
$331B
$24.9M 0.31%
627,519
-18,514
-3% -$808K
SYF icon
116
Synchrony
SYF
$24.7B
$24.8M 0.31%
1,059,092
+94,798
+10% +$2.56M
GWB
117
DELISTED
Great Western Bancorp, Inc.
GWB
$24.7M 0.3%
789,751
-124,963
-14% -$4.55M
TCBI icon
118
Texas Capital Bancshares
TCBI
$4.3B
$24.2M 0.3%
+474,230
New +$29.9M
GS icon
119
Goldman Sachs
GS
$300B
$24.1M 0.3%
144,112
+10,732
+8% +$2.16M
LNC icon
120
Lincoln National
LNC
$8.73B
$24M 0.3%
468,621
-595
-0.1% -$36.2K
DFS
121
DELISTED
Discover Financial Services
DFS
$24M 0.3%
407,570
-14,414
-3% -$995K
STI
122
DELISTED
SunTrust Banks, Inc.
STI
$24M 0.3%
475,528
+27,572
+6% +$1.65M
ITT icon
123
ITT
ITT
$17.5B
$23.9M 0.29%
494,462
-75,821
-13% -$4.01M
BEN icon
124
Franklin Resources
BEN
$17.6B
$23.9M 0.29%
804,480
-164,599
-17% -$5.06M
C icon
125
Citigroup
C
$222B
$23.9M 0.29%
458,150
+9,576
+2% +$606K
3 4
5
6 7

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JWBC
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EAM
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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.