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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
-1.65%
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
$5.06B
AUM Growth
-$1.22B
Cap. Flow
-$1.09B
Cap. Flow %
-21.57%
Top 10 Hldgs %
14.29%
Holding
535
New
30
Increased
86
Reduced
370
Closed
46

Top Buys

Rank Stock Value
1
DBX icon
Dropbox
DBX
+$68.9M
2
LRCX icon
Lam Research
LRCX
+$67.9M
3
MGM icon
MGM Resorts International
MGM
+$38.4M
4
WU icon
Western Union
WU
+$28.7M
5
POST icon
Post Holdings
POST
+$28.4M

Top Sells

Rank Stock Value
1
KEYS icon
Keysight
KEYS
+$76.7M
2
TXN icon
Texas Instruments
TXN
+$70.8M
3
COF icon
Capital One
COF
+$34.2M
4
BIO icon
Bio-Rad Laboratories Class A
BIO
+$30.1M
5
SJM icon
J.M. Smucker
SJM
+$30.1M

Sector Composition

Rank Sector Weight
1 Technology 24.32%
2 Consumer Discretionary 16.51%
3 Financials 15.95%
4 Healthcare 14.53%
5 Industrials 11.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CNNE icon
176
Cannae Holdings
CNNE
$652M
$6.99M 0.14%
374,929
-190,230
-34% -$3.75M
BLDR icon
177
Builders FirstSource
BLDR
$7.8B
$6.92M 0.14%
55,547
-22,724
-29% -$3.14M
OC icon
178
Owens Corning
OC
$11.9B
$6.85M 0.14%
50,197
-22,304
-31% -$3.06M
SLB icon
179
SLB Ltd
SLB
$76.5B
$6.79M 0.13%
116,527
-44,625
-28% -$2.59M
AIZ icon
180
Assurant
AIZ
$14.7B
$6.79M 0.13%
47,298
-53,561
-53% -$7.34M
EVR icon
181
Evercore
EVR
$11.9B
$6.79M 0.13%
49,210
-43,862
-47% -$5.95M
NMIH icon
182
NMI Holdings
NMIH
$3.31B
$6.77M 0.13%
249,977
-194,795
-44% -$5.43M
WLK icon
183
Westlake Corp
WLK
$9.9B
$6.75M 0.13%
54,124
-18,498
-25% -$2.37M
RS icon
184
Reliance Steel & Aluminium
RS
$21.3B
$6.73M 0.13%
25,661
-10,268
-29% -$2.85M
CNX icon
185
CNX Resources
CNX
$5.2B
$6.53M 0.13%
289,085
-648,489
-69% -$13.4M
EMN icon
186
Eastman Chemical
EMN
$8.4B
$6.48M 0.13%
84,521
-116,231
-58% -$9.64M
THG icon
187
Hanover Insurance
THG
$8.06B
$6.48M 0.13%
58,382
-22,366
-28% -$2.46M
DIOD icon
188
Diodes
DIOD
$4.55B
$6.36M 0.13%
80,652
-15,402
-16% -$1.29M
PLAB icon
189
Photronics
PLAB
$1.88B
$6.3M 0.12%
311,543
+55,383
+22% +$1.29M
SP
190
DELISTED
SP Plus Corporation
SP
$6.23M 0.12%
172,693
-85,264
-33% -$3.3M
BLMN icon
191
Bloomin' Brands
BLMN
$931M
$6.07M 0.12%
247,049
-138,981
-36% -$3.69M
CLF icon
192
Cleveland-Cliffs
CLF
$6.98B
$6.01M 0.12%
384,615
+51,794
+16% +$809K
ARCH
193
DELISTED
Arch Resources, Inc.
ARCH
$5.86M 0.12%
34,345
-21,536
-39% -$2.89M
CE icon
194
Celanese
CE
$4.82B
$5.85M 0.12%
46,599
-3,887
-8% -$478K
CMC icon
195
Commercial Metals
CMC
$8.15B
$5.83M 0.12%
117,924
-37,167
-24% -$2.02M
IPGP icon
196
IPG Photonics
IPGP
$3.69B
$5.79M 0.11%
56,994
-9,424
-14% -$1.06M
STLD icon
197
Steel Dynamics
STLD
$37.5B
$5.79M 0.11%
53,964
+3,681
+7% +$383K
BECN
198
DELISTED
Beacon Roofing Supply, Inc.
BECN
$5.76M 0.11%
74,699
-37,325
-33% -$3.01M
UFPI icon
199
UFP Industries
UFPI
$5.07B
$5.71M 0.11%
55,743
-5,610
-9% -$567K
LNT icon
200
Alliant Energy
LNT
$18B
$5.69M 0.11%
117,417
-101,755
-46% -$5.27M
6 7
8
9 10

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Wedge Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Wedge Capital Management held 535 positions worth $5.06B, down 19% from $6.28B the previous quarter. Its ten largest holdings account for 14% of the portfolio.

Wedge Capital Management withdrew a net $1.09B in Q3 2023, closing 46 positions and reducing 370 holdings. Its most notable exit was Keysight, an estimated $76.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 24% 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 Lam Research worth $64.8M.

  • Wedge Capital Management's largest Q3 2023 buy was Lam Research: 1,033,840 shares worth $64.8M.
  • Wedge Capital Management added most to Dropbox in Q3 2023, an estimated $68.9M increase.
  • Wedge Capital Management's biggest Q3 2023 reduction was Texas Instruments, cutting an estimated $70.8M.
  • Wedge Capital Management fully exited Keysight in Q3 2023, selling an estimated $76.7M.
  • Wedge Capital Management's ten largest holdings make up 14% of its $5.06B portfolio in Q3 2023.
  • Wedge Capital Management opened 30 new positions and closed 46 in Q3 2023.
  • Wedge Capital Management's portfolio value fell 19% quarter-over-quarter to $5.06B.

Based on Wedge Capital Management's 13F filing for Q3 2023, filed 13 Oct 2023.