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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
+16.81%
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
$6.18B
AUM Growth
+$573M
Cap. Flow
-$204M
Cap. Flow %
-3.31%
Top 10 Hldgs %
14.31%
Holding
529
New
45
Increased
241
Reduced
206
Closed
36

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$77.7M
2
MU icon
Micron Technology
MU
+$77.7M
3
KBH icon
KB Home
KBH
+$39.6M
4
THC icon
Tenet Healthcare
THC
+$39M
5
PRU icon
Prudential Financial
PRU
+$38.6M

Top Sells

Rank Stock Value
1
SMCI icon
Super Micro Computer
SMCI
+$126M
2
DBX icon
Dropbox
DBX
+$71.7M
3
AN icon
AutoNation
AN
+$51.5M
4
OZK icon
Bank OZK
OZK
+$44.1M
5
DFS
Discover Financial Services
DFS
+$43.6M

Sector Composition

Rank Sector Weight
1 Technology 25.48%
2 Consumer Discretionary 17.25%
3 Financials 16.24%
4 Healthcare 12.2%
5 Industrials 12.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WLK icon
151
Westlake Corp
WLK
$10B
$10.9M 0.18%
71,323
+6,512
+10% +$917K
IBP icon
152
Installed Building Products
IBP
$6.63B
$10.7M 0.17%
41,544
-19,160
-32% -$4.11M
KMX icon
153
CarMax
KMX
$8.3B
$10.6M 0.17%
121,913
-22,560
-16% -$1.71M
CMC icon
154
Commercial Metals
CMC
$8.21B
$10.4M 0.17%
177,037
+3,750
+2% +$199K
CADE
155
DELISTED
Cadence Bank
CADE
$10.3M 0.17%
354,986
-14,510
-4% -$403K
ENOV icon
156
Enovis
ENOV
$1.51B
$10.3M 0.17%
164,300
-5,912
-3% -$354K
SSB icon
157
SouthState Bank Corp
SSB
$10.5B
$10.2M 0.16%
119,621
-13,241
-10% -$1.09M
UNH icon
158
UnitedHealth
UNH
$371B
$9.79M 0.16%
19,781
+5,290
+37% +$2.69M
JCI icon
159
Johnson Controls International
JCI
$92.6B
$9.62M 0.16%
147,347
-21,886
-13% -$1.27M
POR icon
160
Portland General Electric
POR
$5.76B
$9.58M 0.16%
228,143
+7,447
+3% +$307K
FDX icon
161
FedEx
FDX
$74.8B
$9.57M 0.15%
33,029
-2,957
-8% -$740K
UHS icon
162
Universal Health Services
UHS
$10.5B
$9.18M 0.15%
50,339
-9,028
-15% -$1.49M
NMIH icon
163
NMI Holdings
NMIH
$3.34B
$9.17M 0.15%
283,443
+6,901
+2% +$208K
ACN icon
164
Accenture
ACN
$107B
$9.12M 0.15%
26,319
+7,381
+39% +$2.69M
STLD icon
165
Steel Dynamics
STLD
$37.1B
$9.04M 0.15%
60,960
-276
-0.5% -$34.7K
THG icon
166
Hanover Insurance
THG
$7.97B
$9.02M 0.15%
66,269
-1,850
-3% -$240K
SMG icon
167
ScottsMiracle-Gro
SMG
$3.76B
$9.02M 0.15%
120,960
+61,200
+102% +$3.8M
CVSA
168
Covista Inc
CVSA
$4.67B
$8.98M 0.15%
174,645
-9,823
-5% -$513K
UFPI icon
169
UFP Industries
UFPI
$5.22B
$8.71M 0.14%
70,817
+10,407
+17% +$1.21M
NX icon
170
Quanex
NX
$994M
$8.63M 0.14%
224,579
-5,399
-2% -$180K
LHX icon
171
L3Harris
LHX
$53.2B
$8.6M 0.14%
40,351
-7,891
-16% -$1.66M
NWE icon
172
NorthWestern Energy
NWE
$4.39B
$8.59M 0.14%
168,735
+5,311
+3% +$259K
LKQ icon
173
LKQ Corp
LKQ
$6.21B
$8.5M 0.14%
159,119
+15,835
+11% +$785K
NUE icon
174
Nucor
NUE
$61.3B
$8.4M 0.14%
42,443
+78
+0.2% +$14.3K
PKG icon
175
Packaging Corp of America
PKG
$22.9B
$8.35M 0.14%
44,015
+1,063
+2% +$184K
5 6
7
8 9

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Wedge Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Wedge Capital Management held 529 positions worth $6.18B, up 10% from $5.6B the previous quarter. Its ten largest holdings account for 14% of the portfolio.

Wedge Capital Management withdrew a net $204M in Q1 2024, closing 36 positions and reducing 206 holdings. Its most notable exit was AutoNation, an estimated $51.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Financials.

Against the trend, Wedge Capital Management opened a new position in Micron Technology worth $101M.

  • Wedge Capital Management's largest Q1 2024 buy was Micron Technology: 858,707 shares worth $101M.
  • Wedge Capital Management added most to Microsoft in Q1 2024, an estimated $77.7M increase.
  • Wedge Capital Management's biggest Q1 2024 reduction was Super Micro Computer, cutting an estimated $126M.
  • Wedge Capital Management fully exited AutoNation in Q1 2024, selling an estimated $51.5M.
  • Wedge Capital Management's ten largest holdings make up 14% of its $6.18B portfolio in Q1 2024.
  • Wedge Capital Management opened 45 new positions and closed 36 in Q1 2024.
  • Wedge Capital Management's portfolio value rose 10% quarter-over-quarter to $6.18B.

Based on Wedge Capital Management's 13F filing for Q1 2024, filed 23 Apr 2024.