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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
-1.65%
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
$5.06B
AUM Growth
-$1.22B
Cap. Flow
-$1.09B
Cap. Flow %
-21.57%
Top 10 Hldgs %
14.29%
Holding
535
New
30
Increased
86
Reduced
370
Closed
46

Top Buys

Rank Stock Value
1
DBX icon
Dropbox
DBX
+$68.9M
2
LRCX icon
Lam Research
LRCX
+$67.9M
3
MGM icon
MGM Resorts International
MGM
+$38.4M
4
WU icon
Western Union
WU
+$28.7M
5
POST icon
Post Holdings
POST
+$28.4M

Top Sells

Rank Stock Value
1
KEYS icon
Keysight
KEYS
+$76.7M
2
TXN icon
Texas Instruments
TXN
+$70.8M
3
COF icon
Capital One
COF
+$34.2M
4
BIO icon
Bio-Rad Laboratories Class A
BIO
+$30.1M
5
SJM icon
J.M. Smucker
SJM
+$30.1M

Sector Composition

Rank Sector Weight
1 Technology 24.32%
2 Consumer Discretionary 16.51%
3 Financials 15.95%
4 Healthcare 14.53%
5 Industrials 11.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SMCI icon
1
Super Micro Computer
SMCI
$19.5B
$76.3M 1.51%
2,780,810
-459,540
-14% -$12.8M
DBX icon
2
Dropbox
DBX
$6.81B
$74.2M 1.47%
2,725,139
+2,528,754
+1,288% +$68.9M
CDNS icon
3
Cadence Design Systems
CDNS
$90B
$73.5M 1.45%
313,546
-24,301
-7% -$5.69M
AAPL icon
4
Apple
AAPL
$4.89T
$72M 1.42%
420,357
-26,304
-6% -$4.82M
FTNT icon
5
Fortinet
FTNT
$112B
$71.7M 1.42%
1,221,956
+110,381
+10% +$7.31M
IT icon
6
Gartner
IT
$9.41B
$71.6M 1.41%
208,393
-12,331
-6% -$4.3M
INTU icon
7
Intuit
INTU
$81.1B
$71.3M 1.41%
139,534
-27,935
-17% -$14.1M
CPAY icon
8
Corpay
CPAY
$24.2B
$71M 1.4%
278,109
-41,590
-13% -$10.9M
DOX icon
9
Amdocs
DOX
$5.53B
$71M 1.4%
839,975
+21,941
+3% +$1.98M
ANET icon
10
Arista Networks
ANET
$219B
$70.9M 1.4%
1,541,532
-277,616
-15% -$12.4M
BAH icon
11
Booz Allen Hamilton
BAH
$8.7B
$70.4M 1.39%
643,913
-91,989
-13% -$10.6M
PAYX icon
12
Paychex
PAYX
$40.4B
$69.6M 1.38%
603,798
-54,081
-8% -$6.52M
AMAT icon
13
Applied Materials
AMAT
$426B
$68M 1.34%
491,096
-63,994
-12% -$9.18M
ON icon
14
ON Semiconductor
ON
$33.8B
$66.6M 1.32%
716,915
-138,605
-16% -$13.5M
KLAC icon
15
KLA
KLAC
$275B
$66.5M 1.31%
1,448,870
-316,590
-18% -$15.2M
LRCX icon
16
Lam Research
LRCX
$382B
$64.8M 1.28%
+1,033,840
New +$67.9M
ALLY icon
17
Ally Financial
ALLY
$13.1B
$45.2M 0.89%
1,694,812
-66,028
-4% -$1.84M
FNF icon
18
Fidelity National Financial
FNF
$13.9B
$41.5M 0.82%
1,005,203
-235,814
-19% -$9.44M
CI icon
19
Cigna
CI
$76.6B
$39.9M 0.79%
139,559
-15,973
-10% -$4.56M
CASY icon
20
Casey's General Stores
CASY
$31.9B
$38.8M 0.77%
143,028
+14,588
+11% +$3.7M
DDS icon
21
Dillards
DDS
$8.87B
$38.6M 0.76%
116,603
+20,749
+22% +$6.85M
MUSA icon
22
Murphy USA
MUSA
$11.3B
$38M 0.75%
111,117
+6,122
+6% +$1.94M
PAG icon
23
Penske Automotive Group
PAG
$14.3B
$37.1M 0.73%
222,065
+9,063
+4% +$1.52M
NVR icon
24
NVR
NVR
$17.2B
$36.7M 0.73%
6,154
+846
+16% +$5.25M
UNM icon
25
Unum
UNM
$13.8B
$36.6M 0.72%
743,537
-36,723
-5% -$1.8M
1
2 3 4 5

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EAM
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Wedge Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Wedge Capital Management held 535 positions worth $5.06B, down 19% from $6.28B the previous quarter. Its ten largest holdings account for 14% of the portfolio.

Wedge Capital Management withdrew a net $1.09B in Q3 2023, closing 46 positions and reducing 370 holdings. Its most notable exit was Keysight, an estimated $76.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Financials.

Against the trend, Wedge Capital Management opened a new position in Lam Research worth $64.8M.

  • Wedge Capital Management's largest Q3 2023 buy was Lam Research: 1,033,840 shares worth $64.8M.
  • Wedge Capital Management added most to Dropbox in Q3 2023, an estimated $68.9M increase.
  • Wedge Capital Management's biggest Q3 2023 reduction was Texas Instruments, cutting an estimated $70.8M.
  • Wedge Capital Management fully exited Keysight in Q3 2023, selling an estimated $76.7M.
  • Wedge Capital Management's ten largest holdings make up 14% of its $5.06B portfolio in Q3 2023.
  • Wedge Capital Management opened 30 new positions and closed 46 in Q3 2023.
  • Wedge Capital Management's portfolio value fell 19% quarter-over-quarter to $5.06B.

Based on Wedge Capital Management's 13F filing for Q3 2023, filed 13 Oct 2023.