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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
IPGP icon
201
IPG Photonics
IPGP
$3.84B
$8.86M 0.15%
71,885
-4,774
-6% -$553K
DIOD icon
202
Diodes
DIOD
$4.84B
$8.76M 0.15%
94,431
-31,642
-25% -$2.83M
BECN
203
DELISTED
Beacon Roofing Supply, Inc.
BECN
$8.41M 0.14%
142,832
-6,614
-4% -$387K
LSI
204
DELISTED
Life Storage, Inc.
LSI
$8.4M 0.14%
64,059
-24,517
-28% -$2.84M
ALK icon
205
Alaska Air
ALK
$5.58B
$8.36M 0.14%
199,168
-15,902
-7% -$746K
TNET icon
206
TriNet
TNET
$3.14B
$8.26M 0.14%
102,514
-5,796
-5% -$454K
MTH icon
207
Meritage Homes
MTH
$4.86B
$8.19M 0.14%
140,204
-28,436
-17% -$1.53M
TRTN
208
DELISTED
Triton International Limited
TRTN
$8.07M 0.14%
127,577
-8,585
-6% -$582K
AER icon
209
AerCap
AER
$23.8B
$8.05M 0.14%
143,091
-23,531
-14% -$1.41M
MOG.A icon
210
Moog Inc Class A
MOG.A
$12.8B
$7.95M 0.13%
78,874
-18,052
-19% -$1.74M
AVNT icon
211
Avient
AVNT
$4.19B
$7.84M 0.13%
190,446
-34,783
-15% -$1.39M
LNG icon
212
Cheniere Energy
LNG
$52.9B
$7.84M 0.13%
49,720
-7,623
-13% -$1.15M
SLM icon
213
SLM Corp
SLM
$5.15B
$7.69M 0.13%
620,640
-1,759,200
-74% -$26M
BDC icon
214
Belden
BDC
$5.19B
$7.59M 0.13%
87,529
-4,688
-5% -$389K
AL
215
DELISTED
Air Lease Corp
AL
$7.35M 0.12%
186,704
-9,146
-5% -$383K
NX icon
216
Quanex
NX
$1.01B
$7.14M 0.12%
331,607
-12,063
-4% -$289K
SBRA icon
217
Sabra Healthcare REIT
SBRA
$5.37B
$7.04M 0.12%
611,753
-28,763
-4% -$356K
CW icon
218
Curtiss-Wright
CW
$25.5B
$6.9M 0.12%
39,129
-2,288
-6% -$387K
NVST icon
219
Envista
NVST
$4.52B
$6.85M 0.12%
167,504
-12,188
-7% -$463K
SLB icon
220
SLB Ltd
SLB
$75B
$6.82M 0.12%
138,844
+2,434
+2% +$129K
PRG icon
221
PROG Holdings
PRG
$1.71B
$6.82M 0.12%
286,511
-77,368
-21% -$1.74M
YETI icon
222
Yeti Holdings
YETI
$3.95B
$6.77M 0.11%
169,222
-8,223
-5% -$339K
ABM icon
223
ABM Industries
ABM
$2.84B
$6.74M 0.11%
149,901
-8,100
-5% -$375K
ARCH
224
DELISTED
Arch Resources, Inc.
ARCH
$6.73M 0.11%
51,172
-2,705
-5% -$391K
WOR icon
225
Worthington Enterprises
WOR
$2.86B
$6.7M 0.11%
168,137
-69,327
-29% -$2.45M
7 8
9
10 11

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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.