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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
NWE icon
176
NorthWestern Energy
NWE
$4.43B
$12.3M 0.21%
212,136
-9,915
-4% -$566K
SAIC icon
177
Saic
SAIC
$5.35B
$11.9M 0.2%
110,605
-5,301
-5% -$559K
SBAC icon
178
SBA Communications
SBAC
$19.5B
$11.6M 0.2%
+44,528
New +$12.3M
VAC icon
179
Marriott Vacations Worldwide
VAC
$4.24B
$11.5M 0.19%
85,633
-13,878
-14% -$2.06M
ENOV icon
180
Enovis
ENOV
$1.53B
$11.4M 0.19%
212,809
-39,155
-16% -$2.27M
DTM icon
181
DT Midstream
DTM
$13.4B
$11.2M 0.19%
227,523
+221,806
+3,880% +$11.5M
FDX icon
182
FedEx
FDX
$75.4B
$11.1M 0.19%
48,580
-9,051
-16% -$1.84M
WM icon
183
Waste Management
WM
$91B
$10.6M 0.18%
65,034
+295
+0.5% +$45.2K
NMIH icon
184
NMI Holdings
NMIH
$3.36B
$10.4M 0.18%
467,639
-32,210
-6% -$722K
LOW icon
185
Lowe's Companies
LOW
$125B
$10.3M 0.17%
51,481
-167,551
-76% -$34M
MOD icon
186
Modine Manufacturing
MOD
$10.4B
$10.2M 0.17%
442,733
+1,209
+0.3% +$27.9K
HCA icon
187
HCA Healthcare
HCA
$89.5B
$10M 0.17%
38,033
-171,982
-82% -$43.7M
UNP icon
188
Union Pacific
UNP
$174B
$9.97M 0.17%
49,532
+6,722
+16% +$1.36M
MCO icon
189
Moody's
MCO
$82.7B
$9.76M 0.16%
31,902
-2,431
-7% -$735K
TDG icon
190
TransDigm Group
TDG
$67.7B
$9.76M 0.16%
13,236
-7,357
-36% -$5.26M
LESL icon
191
Leslie's
LESL
$11M
$9.68M 0.16%
43,956
+8,488
+24% +$2.2M
PBH icon
192
Prestige Consumer Healthcare
PBH
$2.6B
$9.46M 0.16%
151,070
-9,514
-6% -$594K
PLAB icon
193
Photronics
PLAB
$1.93B
$9.33M 0.16%
562,953
-24,763
-4% -$436K
JCI icon
194
Johnson Controls International
JCI
$92.2B
$9.31M 0.16%
154,673
+4,808
+3% +$308K
THG icon
195
Hanover Insurance
THG
$7.98B
$9.3M 0.16%
72,388
-3,363
-4% -$452K
AVB icon
196
AvalonBay Communities
AVB
$26.8B
$9.27M 0.16%
55,159
-9,374
-15% -$1.6M
IBP icon
197
Installed Building Products
IBP
$6.57B
$9.01M 0.15%
79,054
-14,979
-16% -$1.61M
BLMN icon
198
Bloomin' Brands
BLMN
$937M
$8.91M 0.15%
347,502
-79,760
-19% -$1.98M
UNH icon
199
UnitedHealth
UNH
$370B
$8.9M 0.15%
18,831
+5,394
+40% +$2.6M
SP
200
DELISTED
SP Plus Corporation
SP
$8.87M 0.15%
258,598
+68,568
+36% +$2.43M
6 7
8
9 10

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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.