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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
+3.24%
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
$8.74B
AUM Growth
-$33.9M
(-0.39%)
Cap. Flow
-$269M
Cap. Flow
% of AUM
-3.08%
Top 10 Holdings %
Top 10 Hldgs %
15.82%
Holding
664
New
92
Increased
152
Reduced
351
Closed
62
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Conduent
CNDT
|
+$76.1M |
| 2 |
Comcast
CMCSA
|
+$43.4M |
| 3 |
Teradyne
TER
|
+$41.9M |
| 4 |
Accenture
ACN
|
+$41.9M |
| 5 |
CERN
Cerner Corp
CERN
|
+$40.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSS
Total System Services, Inc.
TSS
|
+$43.9M |
| 2 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$43.4M |
| 3 |
Amphenol
APH
|
+$41.9M |
| 4 |
United Therapeutics
UTHR
|
+$39.3M |
| 5 |
Intel
INTC
|
+$38.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.68% |
| 2 | Industrials | 14.93% |
| 3 | Technology | 12.68% |
| 4 | Consumer Discretionary | 11.59% |
| 5 | Healthcare | 11.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Universal Health Services
UHS
$9.16B
| $187M | 2.14% |
1,434,542
-8,027
| -0.6% | -$1.01M |
|
2
Ally Financial
ALLY
$13.4B
| $186M | 2.13% |
6,015,059
-877,914
| -13% | -$25.9M |
|
3
TransDigm Group
TDG
$67.9B
| $148M | 1.69% |
306,011
-39,172
| -11% | -$18.3M |
|
4
Zimmer Biomet
ZBH
$17.3B
| $133M | 1.52% |
1,164,935
-53,924
| -4% | -$6.32M |
|
|
CVSA
5
Covista Inc
CVSA
$3.92B
| $127M | 1.45% |
2,818,199
+140,896
| +5% | +$6.47M |
|
|
AAN.A
6
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $124M | 1.41% |
2,013,754
-101,610
| -5% | -$6.24M |
|
7
FirstEnergy
FE
$28.6B
| $123M | 1.41% |
2,881,399
-433,449
| -13% | -$18.2M |
|
8
Republic Services
RSG
$66.9B
| $122M | 1.4% |
1,410,418
-228,430
| -14% | -$19M |
|
9
Ashland
ASH
$3.05B
| $117M | 1.34% |
1,461,833
-47,028
| -3% | -$3.63M |
|
10
EPR Properties
EPR
$4.74B
| $115M | 1.31% |
1,538,139
-62,348
| -4% | -$4.86M |
|
11
Dana Inc
DAN
$2.97B
| $111M | 1.27% |
5,583,002
-266,455
| -5% | -$4.74M |
|
12
Lamar Advertising Co
LAMR
$16B
| $109M | 1.25% |
1,348,329
-6,206
| -0.5% | -$501K |
|
13
Murphy Oil
MUR
$5.65B
| $106M | 1.21% |
4,295,165
-6,080
| -0.1% | -$161K |
|
14
AerCap
AER
$23.4B
| $99.8M | 1.14% |
1,919,296
-100,339
| -5% | -$4.92M |
|
15
Dover
DOV
$26.6B
| $93.2M | 1.07% |
929,776
-389,627
| -30% | -$37.4M |
|
16
Fidelity National Financial
FNF
$13.1B
| $91.8M | 1.05% |
2,368,518
-574,323
| -20% | -$21.7M |
|
17
AvalonBay Communities
AVB
$27.1B
| $91.7M | 1.05% |
451,362
-21,451
| -5% | -$4.35M |
|
18
Assurant
AIZ
$13.6B
| $89.2M | 1.02% |
838,466
-35,650
| -4% | -$3.52M |
|
|
SBNY
19
DELISTED
Signature Bank
SBNY
| $87.2M | 1% |
721,565
-24,837
| -3% | -$3.07M |
|
20
Packaging Corp of America
PKG
$20.8B
| $84.4M | 0.97% |
885,426
-21,931
| -2% | -$2.12M |
|
21
Marvell Technology
MRVL
$188B
| $82.5M | 0.94% |
3,457,336
-1,089,205
| -24% | -$25.4M |
|
22
O-I Glass
OI
$1.37B
| $82.5M | 0.94% |
4,777,034
+6,170
| +0.1% | +$110K |
|
|
ETRN
23
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $82.1M | 0.94% |
4,162,980
-253,580
| -6% | -$5.27M |
|
24
UGI
UGI
$7.92B
| $80.8M | 0.93% |
1,513,690
+50,087
| +3% | +$2.67M |
|
|
OPTU
25
Optimum Communications Inc
OPTU
$340M
| $73.5M | 0.84% |
3,019,332
-155,656
| -5% | -$3.7M |
|
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Wedge Capital Management's Q2 2019 Portfolio in Review
As of Q2 2019, Wedge Capital Management held 664 positions worth $8.74B, down 0.39% from $8.77B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Wedge Capital Management withdrew a net $269M in Q2 2019, closing 62 positions and reducing 351 holdings. Its most notable exit was Total System Services, Inc., an estimated $43.9M position sold in full.
By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 19% a quarter earlier, followed by Industrials and Technology.
Against the trend, Wedge Capital Management opened a new position in Conduent worth $67.5M.
- Wedge Capital Management's largest Q2 2019 buy was Conduent: 7,035,186 shares worth $67.5M.
- Wedge Capital Management added most to Comcast in Q2 2019, an estimated $43.4M increase.
- Wedge Capital Management's biggest Q2 2019 reduction was Intel, cutting an estimated $38.7M.
- Wedge Capital Management fully exited Total System Services, Inc. in Q2 2019, selling an estimated $43.9M.
- Wedge Capital Management's ten largest holdings make up 16% of its $8.74B portfolio in Q2 2019.
- Wedge Capital Management opened 92 new positions and closed 62 in Q2 2019.
- Wedge Capital Management's portfolio value fell 0.39% quarter-over-quarter to $8.74B.
Based on Wedge Capital Management's 13F filing for Q2 2019, filed 1 Aug 2019.