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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
USFD icon
101
US Foods
USFD
$23.9B
$22.6M 0.38%
611,293
-146,921
-19% -$5.45M
ACGL icon
102
Arch Capital
ACGL
$33.6B
$22.5M 0.38%
332,136
-138,948
-29% -$9.13M
EME icon
103
Emcor
EME
$36.3B
$22.1M 0.37%
136,113
+2,265
+2% +$348K
OVV icon
104
Ovintiv
OVV
$16.5B
$22.1M 0.37%
611,578
+67,995
+13% +$3M
KMX icon
105
CarMax
KMX
$8.32B
$21.8M 0.37%
339,360
-64,667
-16% -$4.33M
PNFP icon
106
Pinnacle Financial Partners Inc
PNFP
$16.1B
$21.3M 0.36%
385,775
+32,807
+9% +$2.3M
UHS icon
107
Universal Health Services
UHS
$10.5B
$21.2M 0.36%
166,933
-19,103
-10% -$2.64M
ALSN icon
108
Allison Transmission
ALSN
$9.75B
$21.1M 0.36%
467,043
+128,502
+38% +$5.77M
ZBRA icon
109
Zebra Technologies
ZBRA
$17.8B
$21M 0.35%
65,890
-15,512
-19% -$4.69M
CMA
110
DELISTED
Comerica
CMA
$20M 0.34%
460,554
-5,914
-1% -$379K
SEE
111
DELISTED
Sealed Air
SEE
$19.9M 0.34%
432,647
-23,121
-5% -$1.15M
TNL icon
112
Travel + Leisure Co
TNL
$4.73B
$19.8M 0.33%
505,331
-128,897
-20% -$5.21M
LHX icon
113
L3Harris
LHX
$53.4B
$19.6M 0.33%
99,663
-10,754
-10% -$2.2M
AIZ icon
114
Assurant
AIZ
$14.5B
$18.8M 0.32%
156,719
+6,484
+4% +$811K
EMN icon
115
Eastman Chemical
EMN
$8.49B
$18.5M 0.31%
219,081
-32,134
-13% -$2.76M
SSB icon
116
SouthState Bank Corp
SSB
$10.5B
$18.1M 0.31%
+254,410
New +$19.8M
ALIT icon
117
Alight
ALIT
$414M
$17.8M 0.3%
96,400
-15,356
-14% -$2.82M
LNT icon
118
Alliant Energy
LNT
$18B
$17.6M 0.3%
+329,313
New +$17.5M
CMS icon
119
CMS Energy
CMS
$22.3B
$17.4M 0.29%
283,779
-12,313
-4% -$757K
EIX icon
120
Edison International
EIX
$26.3B
$17.1M 0.29%
242,548
-46,554
-16% -$3.14M
EVRG icon
121
Evergy
EVRG
$19.3B
$16.9M 0.28%
276,189
-53,014
-16% -$3.22M
PEG icon
122
Public Service Enterprise Group
PEG
$37.7B
$16.9M 0.28%
270,291
-58,142
-18% -$3.52M
PNW icon
123
Pinnacle West Capital
PNW
$12.3B
$16.7M 0.28%
210,806
-41,333
-16% -$3.12M
PPL
124
PPL Corp
PPL
$26.6B
$16.5M 0.28%
594,601
-68,579
-10% -$1.94M
TMUS icon
125
T-Mobile US
TMUS
$190B
$16.5M 0.28%
113,723
-21,342
-16% -$3.09M
3 4
5
6 7

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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.