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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
Cap. Flow
-$583M
Cap. Flow %
-7.2%
Top 10 Hldgs %
16.04%
Holding
607
New
35
Increased
169
Reduced
258
Closed
53

Top Buys

Rank Stock Value
1
PCG icon
PG&E
PCG
+$87.3M
2
ETRN
Equitrans Midstream Corporation Common Stock
ETRN
+$70.3M
3
BA icon
Boeing
BA
+$43.3M
4
LMT icon
Lockheed Martin
LMT
+$42.7M
5
CDNS icon
Cadence Design Systems
CDNS
+$41.1M

Top Sells

Rank Stock Value
1
WFT
Weatherford International plc
WFT
+$93.5M
2
EQT icon
EQT Corp
EQT
+$64.1M
3
NVDA icon
NVIDIA
NVDA
+$58.9M
4
ADI icon
Analog Devices
ADI
+$54.6M
5
TXN icon
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
UHS icon
1
Universal Health Services
UHS
$9.43B
$172M 2.12%
1,475,396
-290,702
-16% -$36.5M
ALLY icon
2
Ally Financial
ALLY
$13.1B
$163M 2.01%
7,171,927
-726,083
-9% -$18.2M
PCG icon
3
PG&E
PCG
$47.8B
$155M 1.91%
6,525,894
+2,439,695
+60% +$87.3M
TDG icon
4
TransDigm Group
TDG
$69.2B
$138M 1.7%
405,182
-74,318
-15% -$25.5M
ZBH icon
5
Zimmer Biomet
ZBH
$17.7B
$124M 1.53%
1,233,842
-122,261
-9% -$13.7M
RSG icon
6
Republic Services
RSG
$66.7B
$122M 1.5%
1,686,014
-183,037
-10% -$13.4M
CVSA
7
Covista Inc
CVSA
$3.94B
$114M 1.4%
2,398,666
-297,131
-11% -$15.2M
EPR icon
8
EPR Properties
EPR
$4.86B
$108M 1.33%
1,686,290
-376,975
-18% -$25.9M
DOV icon
9
Dover
DOV
$27.2B
$105M 1.3%
1,484,850
-159,137
-10% -$13M
MUR icon
10
Murphy Oil
MUR
$5.58B
$100M 1.24%
4,293,516
-1,016,815
-19% -$31.2M
LAMR icon
11
Lamar Advertising Co
LAMR
$16.2B
$97.1M 1.2%
1,404,136
-263,550
-16% -$19.4M
FE icon
12
FirstEnergy
FE
$28.9B
$94.7M 1.17%
2,521,599
-342,834
-12% -$13M
ASH icon
13
Ashland
ASH
$3.04B
$94.4M 1.17%
1,330,952
-128,625
-9% -$9.92M
FNF icon
14
Fidelity National Financial
FNF
$13.9B
$92M 1.13%
3,041,943
-341,010
-10% -$11M
DAN icon
15
Dana Inc
DAN
$2.91B
$88.2M 1.09%
6,467,658
+63,654
+1% +$966K
AAN.A
16
DELISTED
The Aaron's Company Inc Class A
AAN.A
$88.1M 1.09%
2,094,186
-240,141
-10% -$10.1M
MRVL icon
17
Marvell Technology
MRVL
$174B
$85.1M 1.05%
5,259,083
-641,623
-11% -$10.6M
OI icon
18
O-I Glass
OI
$1.39B
$84.9M 1.05%
4,923,005
-491,628
-9% -$8.59M
AIZ icon
19
Assurant
AIZ
$13.7B
$83.1M 1.03%
928,817
-118,032
-11% -$11.5M
AVB icon
20
AvalonBay Communities
AVB
$27.1B
$80.2M 0.99%
460,592
-57,870
-11% -$10.5M
SBNY
21
DELISTED
Signature Bank
SBNY
$79M 0.98%
768,879
-79,801
-9% -$8.98M
EQT icon
22
EQT Corp
EQT
$33.2B
$79M 0.97%
4,181,664
-3,158,077
-43% -$64.1M
AER icon
23
AerCap
AER
$23.9B
$78.3M 0.97%
1,977,234
-190,575
-9% -$9.54M
UGI icon
24
UGI
UGI
$8B
$75.8M 0.94%
1,421,590
-180,491
-11% -$10M
PKG icon
25
Packaging Corp of America
PKG
$22.7B
$75.5M 0.93%
904,322
+57,141
+7% +$5.32M
1
2 3 4 5

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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.