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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
MGY icon
126
Magnolia Oil & Gas
MGY
$5.94B
$16.3M 0.28%
745,851
+678
+0.1% +$15K
FE icon
127
FirstEnergy
FE
$27.5B
$16.3M 0.28%
+407,119
New +$16.4M
BRK.B icon
128
Berkshire Hathaway Class B
BRK.B
$1.13T
$16.1M 0.27%
51,999
-3,401
-6% -$1.05M
SRE icon
129
Sempra
SRE
$54.8B
$16M 0.27%
211,808
-23,014
-10% -$1.77M
TDY icon
130
Teledyne Technologies
TDY
$32B
$16M 0.27%
35,702
-7,309
-17% -$3.1M
VZ icon
131
Verizon
VZ
$196B
$16M 0.27%
410,541
-105,581
-20% -$4.16M
GDDY icon
132
GoDaddy
GDDY
$11.5B
$15.7M 0.27%
202,441
-33,047
-14% -$2.55M
CDP icon
133
COPT Defense Properties
CDP
$4.21B
$15.1M 0.25%
635,364
-33,163
-5% -$853K
UGI icon
134
UGI
UGI
$7.33B
$14.9M 0.25%
428,368
-67,949
-14% -$2.58M
VST icon
135
Vistra
VST
$47.4B
$14.9M 0.25%
619,780
-224,469
-27% -$5.2M
CNX icon
136
CNX Resources
CNX
$5.2B
$14.8M 0.25%
922,700
+18,395
+2% +$292K
AMT icon
137
American Tower
AMT
$80.4B
$14.8M 0.25%
72,249
+6,521
+10% +$1.37M
AVTR icon
138
Avantor
AVTR
$9.19B
$14.6M 0.25%
689,622
-112,199
-14% -$2.56M
ALV icon
139
Autoliv
ALV
$9B
$14.5M 0.24%
154,913
-31,751
-17% -$2.8M
SNA icon
140
Snap-on
SNA
$21.5B
$14.5M 0.24%
58,559
-5,600
-9% -$1.37M
BWA icon
141
BorgWarner
BWA
$13.9B
$14.5M 0.24%
334,301
-75,595
-18% -$3.13M
EVR icon
142
Evercore
EVR
$11.8B
$14.4M 0.24%
124,739
-39,789
-24% -$4.95M
LEA icon
143
Lear
LEA
$8.18B
$14.4M 0.24%
103,173
-10,996
-10% -$1.52M
EMR icon
144
Emerson Electric
EMR
$88.3B
$14.3M 0.24%
164,669
+10,523
+7% +$920K
CXT icon
145
Crane NXT
CXT
$3.07B
$14.3M 0.24%
361,692
-79,797
-18% -$3.15M
DFIN icon
146
Donnelley Financial Solutions
DFIN
$1.16B
$14.2M 0.24%
346,700
-7,444
-2% -$317K
AGCO icon
147
AGCO
AGCO
$7.2B
$14.1M 0.24%
104,364
-6,519
-6% -$882K
GNTX icon
148
Gentex
GNTX
$5.07B
$14M 0.24%
500,963
-48,789
-9% -$1.37M
QDEL icon
149
QuidelOrtho
QDEL
$838M
$14M 0.24%
156,955
+3,811
+2% +$332K
CMI icon
150
Cummins
CMI
$88.7B
$14M 0.24%
58,441
-4,780
-8% -$1.17M
4 5
6
7 8

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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.