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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
(-22%)
Cap. Flow
-$583M
Cap. Flow
% of AUM
-7.2%
Top 10 Holdings %
Top 10 Hldgs %
16.04%
Holding
607
New
35
Increased
169
Reduced
258
Closed
53
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PG&E
PCG
|
+$87.3M |
| 2 |
ETRN
Equitrans Midstream Corporation Common Stock
ETRN
|
+$70.3M |
| 3 |
Boeing
BA
|
+$43.3M |
| 4 |
Lockheed Martin
LMT
|
+$42.7M |
| 5 |
Cadence Design Systems
CDNS
|
+$41.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WFT
Weatherford International plc
WFT
|
+$93.5M |
| 2 |
EQT Corp
EQT
|
+$64.1M |
| 3 |
NVIDIA
NVDA
|
+$58.9M |
| 4 |
Analog Devices
ADI
|
+$54.6M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
201
Donnelley Financial Solutions
DFIN
$1.16B
| $11.3M | 0.14% |
808,083
-59,226
| -7% | -$946K |
|
202
WSFS Financial
WSFS
$4.12B
| $11.2M | 0.14% |
296,722
-58,162
| -16% | -$2.45M |
|
203
Public Service Enterprise Group
PEG
$38.2B
| $11.2M | 0.14% |
215,913
-19,969
| -8% | -$1.07M |
|
204
Eversource Energy
ES
$26.9B
| $11.2M | 0.14% |
172,138
-28,417
| -14% | -$1.85M |
|
205
Cathay General Bancorp
CATY
$4.22B
| $11.2M | 0.14% |
332,665
-56,825
| -15% | -$2.15M |
|
206
Southern Company
SO
$109B
| $11.1M | 0.14% |
253,528
-39,984
| -14% | -$1.82M |
|
207
Ameren
AEE
$30.3B
| $11.1M | 0.14% |
170,569
-26,612
| -13% | -$1.77M |
|
208
Avient
AVNT
$3.33B
| $11.1M | 0.14% |
388,956
+17,433
| +5% | +$583K |
|
209
Atlantic Union Bankshares
AUB
$6.02B
| $11.1M | 0.14% |
393,655
-5,815
| -1% | -$196K |
|
210
American Electric Power
AEP
$69.6B
| $11.1M | 0.14% |
+148,335
| New | +$11.1M |
|
|
AYR
211
DELISTED
Aircastle Ltd
AYR
| $11M | 0.14% |
639,708
-112,528
| -15% | -$2.14M |
|
212
Encompass Health
EHC
$11B
| $11M | 0.14% |
224,426
-36,254
| -14% | -$2.06M |
|
213
Johnson Controls International
JCI
$88.8B
| $11M | 0.14% |
371,337
-36,753
| -9% | -$1.21M |
|
214
Bloomin' Brands
BLMN
$741M
| $11M | 0.14% |
613,085
-99,674
| -14% | -$1.96M |
|
215
KBR
KBR
$4.62B
| $10.8M | 0.13% |
709,056
-114,456
| -14% | -$2.14M |
|
216
Hancock Whitney
HWC
$6.2B
| $10.8M | 0.13% |
310,511
+22,050
| +8% | +$893K |
|
217
UnitedHealth
UNH
$376B
| $10.8M | 0.13% |
43,170
-2,136
| -5% | -$564K |
|
|
TWO
218
Two Harbors Investment
TWO
$1.27B
| $10.7M | 0.13% |
207,544
+8,288
| +4% | +$472K |
|
219
Saia
SAIA
$9.27B
| $10.5M | 0.13% |
187,769
-29,671
| -14% | -$1.8M |
|
220
OceanFirst Financial
OCFC
$1.68B
| $10.4M | 0.13% |
462,960
-73,677
| -14% | -$1.85M |
|
|
CADE
221
DELISTED
Cadence Bank
CADE
| $10.4M | 0.13% |
397,216
-68,530
| -15% | -$1.99M |
|
222
Nexstar Media Group
NXST
$5.82B
| $10.2M | 0.13% |
129,274
-107,711
| -45% | -$8.52M |
|
223
Sysco
SYY
$40.8B
| $10.2M | 0.13% |
161,998
+37,061
| +30% | +$2.5M |
|
|
SYKE
224
DELISTED
SYKES Enterprises Inc
SYKE
| $10M | 0.12% |
404,243
-64,294
| -14% | -$1.79M |
|
225
Clean Harbors
CLH
$16.5B
| $9.84M | 0.12% |
199,390
-59,401
| -23% | -$3.7M |
|
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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.