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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
+528.98%
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
TXN icon
1
Texas Instruments
TXN
$255B
$94.2M 1.59%
506,561
+66,528
+15% +$11.7M
AAPL icon
2
Apple
AAPL
$4.89T
$81.9M 1.38%
496,582
+18,369
+4% +$2.71M
FTNT icon
3
Fortinet
FTNT
$112B
$79.9M 1.35%
1,201,814
-65,163
-5% -$3.7M
CDNS icon
4
Cadence Design Systems
CDNS
$90B
$78.3M 1.32%
372,546
-21,122
-5% -$4M
INTU icon
5
Intuit
INTU
$81.1B
$76.8M 1.29%
172,168
+11,460
+7% +$4.7M
PAYX icon
6
Paychex
PAYX
$40.4B
$76.3M 1.29%
665,926
+148,625
+29% +$16.9M
APH icon
7
Amphenol
APH
$188B
$76.1M 1.28%
1,863,116
+272,544
+17% +$10.8M
DOX icon
8
Amdocs
DOX
$5.53B
$75.2M 1.27%
783,031
+43,133
+6% +$3.99M
ANET icon
9
Arista Networks
ANET
$219B
$73.9M 1.25%
1,760,508
-304,704
-15% -$10.5M
KLAC icon
10
KLA
KLAC
$275B
$73.5M 1.24%
+1,842,030
New +$72.6M
IT icon
11
Gartner
IT
$9.41B
$72.5M 1.22%
222,657
+33,760
+18% +$11.2M
CPAY icon
12
Corpay
CPAY
$24.2B
$71M 1.2%
336,749
-9,267
-3% -$1.88M
KEYS icon
13
Keysight
KEYS
$54.5B
$70.4M 1.19%
435,811
+85,085
+24% +$14.4M
BAH icon
14
Booz Allen Hamilton
BAH
$8.7B
$70.2M 1.18%
757,219
+163,719
+28% +$15.5M
CDW icon
15
CDW
CDW
$17.1B
$69.9M 1.18%
358,522
+15,982
+5% +$3.14M
ALLY icon
16
Ally Financial
ALLY
$13.1B
$51.7M 0.87%
2,026,374
-388,922
-16% -$11.1M
DOV icon
17
Dover
DOV
$27.2B
$48.4M 0.82%
318,579
-44,500
-12% -$6.53M
CI icon
18
Cigna
CI
$76.6B
$45M 0.76%
175,999
+22,421
+15% +$6.53M
STAG icon
19
STAG Industrial
STAG
$7.86B
$43.1M 0.73%
1,275,634
-225,036
-15% -$7.68M
FNF icon
20
Fidelity National Financial
FNF
$13.9B
$41.7M 0.7%
1,195,082
+68,499
+6% +$2.7M
HSIC icon
21
Henry Schein
HSIC
$9.74B
$41M 0.69%
502,612
-807
-0.2% -$65.8K
MCK icon
22
McKesson
MCK
$98.5B
$40.7M 0.69%
114,375
+11,948
+12% +$4.32M
JAZZ icon
23
Jazz Pharmaceuticals
JAZZ
$15.9B
$39.9M 0.67%
272,868
+18,379
+7% +$2.72M
GIS icon
24
General Mills
GIS
$19.2B
$39.8M 0.67%
465,267
+5,312
+1% +$424K
BIIB icon
25
Biogen
BIIB
$29.9B
$39.4M 0.66%
141,626
+7,199
+5% +$1.99M
1
2 3 4 5

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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.