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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
MRO
151
DELISTED
Marathon Oil Corporation
MRO
$15.8M 0.19%
1,099,891
+247,363
+29% +$4.42M
EPAC icon
152
Enerpac Tool Group
EPAC
$1.83B
$15.6M 0.19%
745,345
-113,105
-13% -$2.76M
ESI icon
153
Element Solutions
ESI
$8.95B
$15.4M 0.19%
1,487,785
-511,766
-26% -$5.64M
AMT icon
154
American Tower
AMT
$80.8B
$15.3M 0.19%
96,707
-11,208
-10% -$1.75M
LBRDK icon
155
Liberty Broadband Class C
LBRDK
$4.88B
$15.2M 0.19%
210,976
-24,177
-10% -$1.94M
LOW icon
156
Lowe's Companies
LOW
$117B
$14.9M 0.18%
161,856
-1,955
-1% -$188K
RIG icon
157
Transocean
RIG
$5.89B
$14.7M 0.18%
2,123,882
+630,977
+42% +$6.43M
PRGS icon
158
Progress Software
PRGS
$1.66B
$14.5M 0.18%
407,754
+434
+0.1% +$14.5K
TCF
159
DELISTED
TCF Financial Corporation
TCF
$14.2M 0.17%
726,964
-468,491
-39% -$10.1M
R icon
160
Ryder
R
$9.83B
$14.2M 0.17%
294,060
-42,017
-13% -$2.41M
PWR icon
161
Quanta Services
PWR
$100B
$14.1M 0.17%
468,626
-77,925
-14% -$2.52M
BDC icon
162
Belden
BDC
$4.85B
$14M 0.17%
335,663
+13,289
+4% +$723K
PLAB icon
163
Photronics
PLAB
$1.79B
$14M 0.17%
1,445,123
-253,250
-15% -$2.43M
WM icon
164
Waste Management
WM
$90.6B
$13.8M 0.17%
155,126
+6,536
+4% +$587K
NRG icon
165
NRG Energy
NRG
$28.3B
$13.8M 0.17%
347,893
-67,480
-16% -$2.58M
WBT
166
DELISTED
Welbilt, Inc.
WBT
$13.7M 0.17%
1,235,688
+50,896
+4% +$785K
CSL icon
167
Carlisle Companies
CSL
$14.3B
$13.6M 0.17%
135,371
-484
-0.4% -$49.8K
DE icon
168
Deere & Co
DE
$160B
$13.6M 0.17%
91,138
-11,146
-11% -$1.63M
SAVE
169
DELISTED
Spirit Airlines, Inc.
SAVE
$13.5M 0.17%
232,319
-120,160
-34% -$6.44M
URI icon
170
United Rentals
URI
$67.2B
$13.3M 0.16%
129,918
+15,172
+13% +$1.83M
MEI icon
171
Methode Electronics
MEI
$496M
$13.2M 0.16%
567,360
-12,892
-2% -$364K
EMR icon
172
Emerson Electric
EMR
$83.9B
$13.2M 0.16%
221,103
-7,168
-3% -$483K
SKT icon
173
Tanger
SKT
$4.67B
$13.2M 0.16%
652,865
-114,310
-15% -$2.57M
CMI icon
174
Cummins
CMI
$87.5B
$13.2M 0.16%
98,676
-19,212
-16% -$2.71M
AGCO icon
175
AGCO
AGCO
$7.15B
$13.1M 0.16%
235,967
-44,380
-16% -$2.51M
5 6
7
8 9

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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.