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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
+3.5%
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
$10.2B
AUM Growth
-$197M
(-1.9%)
Cap. Flow
-$439M
Cap. Flow
% of AUM
-4.3%
Top 10 Holdings %
Top 10 Hldgs %
16.06%
Holding
643
New
61
Increased
159
Reduced
280
Closed
67
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Evergy
EVRG
|
+$119M |
| 2 |
PG&E
PCG
|
+$119M |
| 3 |
Spectrum Brands
SPB
|
+$111M |
| 4 |
FirstEnergy
FE
|
+$85.9M |
| 5 |
OPTU
Optimum Communications Inc
OPTU
|
+$71.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GXP
Great Plains Energy Incorporated
GXP
|
+$174M |
| 2 |
Pinnacle West Capital
PNW
|
+$137M |
| 3 |
Cullen/Frost Bankers
CFR
|
+$60.5M |
| 4 |
Lockheed Martin
LMT
|
+$49.6M |
| 5 |
RTN
Raytheon Company
RTN
|
+$49.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.69% |
| 2 | Industrials | 16.12% |
| 3 | Consumer Discretionary | 11.5% |
| 4 | Technology | 11.08% |
| 5 | Healthcare | 10.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Universal Health Services
UHS
$9.04B
| $213M | 2.08% |
1,910,567
-16,765
| -0.9% | -$1.96M |
|
2
Ally Financial
ALLY
$13.7B
| $213M | 2.08% |
8,094,353
-437,330
| -5% | -$11.7M |
|
3
EQT Corp
EQT
$33.8B
| $187M | 1.83% |
6,235,305
-1,302,981
| -17% | -$36.4M |
|
4
TransDigm Group
TDG
$66.8B
| $180M | 1.76% |
520,288
-82,169
| -14% | -$27M |
|
5
Murphy Oil
MUR
$5.56B
| $161M | 1.57% |
4,755,801
-1,340,227
| -22% | -$41.3M |
|
6
Zimmer Biomet
ZBH
$17.2B
| $160M | 1.57% |
1,480,987
-76,819
| -5% | -$8.36M |
|
7
EPR Properties
EPR
$4.75B
| $136M | 1.33% |
2,099,985
-358,437
| -15% | -$21.2M |
|
8
Dover
DOV
$28.9B
| $134M | 1.31% |
1,830,239
-209,386
| -10% | -$16M |
|
9
Republic Services
RSG
$66.6B
| $131M | 1.28% |
1,909,079
-117,240
| -6% | -$7.9M |
|
10
Marvell Technology
MRVL
$189B
| $128M | 1.25% |
5,973,485
-360,360
| -6% | -$7.69M |
|
11
Fidelity National Financial
FNF
$13.5B
| $126M | 1.23% |
3,471,882
-208,059
| -6% | -$7.58M |
|
|
12
PG&E
PCG
$39.9B
| $125M | 1.23% |
2,944,708
+2,735,062
| +1,305% | +$119M |
|
|
13
Evergy
EVRG
$20B
| $124M | 1.22% |
+2,214,057
| New | +$119M |
|
14
D.R. Horton
DHI
$40.4B
| $123M | 1.2% |
2,990,376
-207,597
| -6% | -$8.96M |
|
15
AerCap
AER
$23.7B
| $120M | 1.17% |
2,217,788
-139,684
| -6% | -$7.52M |
|
16
Ashland
ASH
$3.13B
| $117M | 1.15% |
1,501,979
-36,674
| -2% | -$2.73M |
|
17
Lamar Advertising Co
LAMR
$16.1B
| $117M | 1.14% |
1,710,911
-117,020
| -6% | -$7.84M |
|
18
Dana Inc
DAN
$3.02B
| $117M | 1.14% |
5,787,409
+219,373
| +4% | +$5.21M |
|
|
AAN.A
19
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $113M | 1.11% |
2,601,402
+1,219,143
| +88% | +$53M |
|
20
Assurant
AIZ
$13.5B
| $111M | 1.09% |
1,073,523
-84,057
| -7% | -$7.91M |
|
|
21
Spectrum Brands
SPB
$2.05B
| $108M | 1.05% |
+1,318,783
| New | +$111M |
|
|
WFT
22
DELISTED
Weatherford International plc
WFT
| $107M | 1.05% |
32,657,390
-10,860,138
| -25% | -$33.8M |
|
|
23
FirstEnergy
FE
$28.5B
| $102M | 1% |
2,852,507
+2,507,933
| +728% | +$85.9M |
|
24
AvalonBay Communities
AVB
$27B
| $91M | 0.89% |
529,560
-33,373
| -6% | -$5.52M |
|
25
O-I Glass
OI
$1.39B
| $90.3M | 0.88% |
5,370,451
+756,954
| +16% | +$14.6M |
|
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Wedge Capital Management's Q2 2018 Portfolio in Review
As of Q2 2018, Wedge Capital Management held 643 positions worth $10.2B, down 1.9% from $10.4B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Wedge Capital Management withdrew a net $439M in Q2 2018, closing 67 positions and reducing 280 holdings. Its most notable exit was Great Plains Energy Incorporated, an estimated $174M position sold in full.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 21% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Wedge Capital Management opened a new position in Evergy worth $124M.
- Wedge Capital Management's largest Q2 2018 buy was Evergy: 2,214,057 shares worth $124M.
- Wedge Capital Management added most to PG&E in Q2 2018, an estimated $119M increase.
- Wedge Capital Management's biggest Q2 2018 reduction was Apple, cutting an estimated $49.4M.
- Wedge Capital Management fully exited Great Plains Energy Incorporated in Q2 2018, selling an estimated $174M.
- Wedge Capital Management's ten largest holdings make up 16% of its $10.2B portfolio in Q2 2018.
- Wedge Capital Management opened 61 new positions and closed 67 in Q2 2018.
- Wedge Capital Management's portfolio value fell 1.9% quarter-over-quarter to $10.2B.
Based on Wedge Capital Management's 13F filing for Q2 2018, filed 31 Jul 2018.