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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
+3.5%
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
$10.2B
AUM Growth
-$197M
(-1.9%)
Cap. Flow
-$439M
Cap. Flow
% of AUM
-4.3%
Top 10 Holdings %
Top 10 Hldgs %
16.06%
Holding
643
New
61
Increased
159
Reduced
280
Closed
67
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Evergy
EVRG
|
+$119M |
| 2 |
PG&E
PCG
|
+$119M |
| 3 |
Spectrum Brands
SPB
|
+$111M |
| 4 |
FirstEnergy
FE
|
+$85.9M |
| 5 |
OPTU
Optimum Communications Inc
OPTU
|
+$71.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GXP
Great Plains Energy Incorporated
GXP
|
+$174M |
| 2 |
Pinnacle West Capital
PNW
|
+$137M |
| 3 |
Cullen/Frost Bankers
CFR
|
+$60.5M |
| 4 |
Lockheed Martin
LMT
|
+$49.6M |
| 5 |
RTN
Raytheon Company
RTN
|
+$49.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.69% |
| 2 | Industrials | 16.12% |
| 3 | Consumer Discretionary | 11.5% |
| 4 | Technology | 11.08% |
| 5 | Healthcare | 10.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Moog Inc Class A
MOG.A
$13.3B
| $26.7M | 0.26% |
342,998
-21,715
| -6% | -$1.79M |
|
127
McKesson
MCK
$101B
| $26.6M | 0.26% |
199,046
-29,708
| -13% | -$4.34M |
|
|
LM
128
DELISTED
Legg Mason, Inc.
LM
| $26M | 0.25% |
749,738
-97,981
| -12% | -$3.72M |
|
129
Ryder
R
$9.9B
| $25.2M | 0.25% |
350,232
-24,731
| -7% | -$1.73M |
|
|
ARGO
130
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $24.9M | 0.24% |
428,577
-32,501
| -7% | -$1.95M |
|
131
OneMain Financial
OMF
$7.32B
| $24.6M | 0.24% |
739,357
-57,407
| -7% | -$1.86M |
|
|
QEP
132
DELISTED
QEP RESOURCES, INC.
QEP
| $24.4M | 0.24% |
1,992,662
-167,659
| -8% | -$1.99M |
|
|
CPE
133
DELISTED
Callon Petroleum Company
CPE
| $24.2M | 0.24% |
225,351
+23,862
| +12% | +$2.96M |
|
134
Methode Electronics
MEI
$486M
| $24.1M | 0.24% |
598,533
-38,886
| -6% | -$1.59M |
|
135
Minerals Technologies
MTX
$2.25B
| $23.6M | 0.23% |
313,746
-22,762
| -7% | -$1.64M |
|
136
EnerSys
ENS
$6.74B
| $23.1M | 0.23% |
309,373
-243,043
| -44% | -$18.2M |
|
137
Mine Safety
MSA
$6.73B
| $22.6M | 0.22% |
+234,658
| New | +$21.2M |
|
138
H.B. Fuller
FUL
$2.98B
| $22.2M | 0.22% |
413,499
-228,490
| -36% | -$11.9M |
|
|
QTS
139
DELISTED
QTS REALTY TRUST, INC.
QTS
| $21.7M | 0.21% |
549,953
-38,913
| -7% | -$1.44M |
|
140
Belden
BDC
$4.56B
| $20.9M | 0.2% |
342,292
-24,033
| -7% | -$1.47M |
|
141
Encompass Health
EHC
$11B
| $19.9M | 0.19% |
369,152
-28,200
| -7% | -$1.41M |
|
142
WSFS Financial
WSFS
$4.1B
| $19.7M | 0.19% |
368,839
-28,737
| -7% | -$1.49M |
|
143
Element Solutions
ESI
$8.68B
| $19.3M | 0.19% |
+1,667,668
| New | +$18.2M |
|
144
Transocean
RIG
$5.62B
| $19.2M | 0.19% |
1,430,377
-52,010
| -4% | -$640K |
|
145
Quanta Services
PWR
$98.7B
| $19.1M | 0.19% |
573,286
-33,628
| -6% | -$1.18M |
|
146
Tanger
SKT
$4.71B
| $18.6M | 0.18% |
792,737
-63,131
| -7% | -$1.39M |
|
147
Chevron
CVX
$383B
| $18.5M | 0.18% |
146,196
+18,676
| +15% | +$2.32M |
|
148
ExxonMobil
XOM
$651B
| $18.4M | 0.18% |
222,910
+22,253
| +11% | +$1.77M |
|
149
Nexstar Media Group
NXST
$5.88B
| $18.4M | 0.18% |
250,920
+9,209
| +4% | +$623K |
|
150
ENI
E
$80.5B
| $18.4M | 0.18% |
494,719
+73,931
| +18% | +$2.78M |
|
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Wedge Capital Management's Q2 2018 Portfolio in Review
As of Q2 2018, Wedge Capital Management held 643 positions worth $10.2B, down 1.9% from $10.4B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Wedge Capital Management withdrew a net $439M in Q2 2018, closing 67 positions and reducing 280 holdings. Its most notable exit was Great Plains Energy Incorporated, an estimated $174M position sold in full.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 21% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Wedge Capital Management opened a new position in Evergy worth $124M.
- Wedge Capital Management's largest Q2 2018 buy was Evergy: 2,214,057 shares worth $124M.
- Wedge Capital Management added most to PG&E in Q2 2018, an estimated $119M increase.
- Wedge Capital Management's biggest Q2 2018 reduction was Apple, cutting an estimated $49.4M.
- Wedge Capital Management fully exited Great Plains Energy Incorporated in Q2 2018, selling an estimated $174M.
- Wedge Capital Management's ten largest holdings make up 16% of its $10.2B portfolio in Q2 2018.
- Wedge Capital Management opened 61 new positions and closed 67 in Q2 2018.
- Wedge Capital Management's portfolio value fell 1.9% quarter-over-quarter to $10.2B.
Based on Wedge Capital Management's 13F filing for Q2 2018, filed 31 Jul 2018.