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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
+16.81%
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
$6.18B
AUM Growth
+$573M
Cap. Flow
-$204M
Cap. Flow %
-3.31%
Top 10 Hldgs %
14.31%
Holding
529
New
45
Increased
241
Reduced
206
Closed
36

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$77.7M
2
MU icon
Micron Technology
MU
+$77.7M
3
KBH icon
KB Home
KBH
+$39.6M
4
THC icon
Tenet Healthcare
THC
+$39M
5
PRU icon
Prudential Financial
PRU
+$38.6M

Top Sells

Rank Stock Value
1
SMCI icon
Super Micro Computer
SMCI
+$126M
2
DBX icon
Dropbox
DBX
+$71.7M
3
AN icon
AutoNation
AN
+$51.5M
4
OZK icon
Bank OZK
OZK
+$44.1M
5
DFS
Discover Financial Services
DFS
+$43.6M

Sector Composition

Rank Sector Weight
1 Technology 25.48%
2 Consumer Discretionary 17.25%
3 Financials 16.24%
4 Healthcare 12.2%
5 Industrials 12.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MU icon
1
Micron Technology
MU
$1.04T
$101M 1.64%
+858,707
New +$77.7M
SMCI icon
2
Super Micro Computer
SMCI
$19.5B
$90M 1.46%
891,120
-1,725,930
-66% -$126M
TDG icon
3
TransDigm Group
TDG
$69.2B
$89.5M 1.45%
72,681
-6,312
-8% -$7.11M
CPAY icon
4
Corpay
CPAY
$24.2B
$87.7M 1.42%
284,269
-6,661
-2% -$1.91M
AAPL icon
5
Apple
AAPL
$4.89T
$87.2M 1.41%
508,283
+93,537
+23% +$17M
NTAP icon
6
NetApp
NTAP
$32.9B
$86.3M 1.4%
821,837
-20,460
-2% -$1.9M
LRCX icon
7
Lam Research
LRCX
$382B
$86.2M 1.39%
886,870
-168,800
-16% -$14.8M
MSFT icon
8
Microsoft
MSFT
$2.84T
$85.8M 1.39%
203,868
+192,048
+1,625% +$77.7M
KLAC icon
9
KLA
KLAC
$275B
$85.4M 1.38%
1,222,170
-137,180
-10% -$8.81M
ANET icon
10
Arista Networks
ANET
$219B
$84.8M 1.37%
1,169,840
-129,076
-10% -$8.71M
AMAT icon
11
Applied Materials
AMAT
$426B
$84.7M 1.37%
410,886
-79,788
-16% -$14.6M
CDNS icon
12
Cadence Design Systems
CDNS
$90B
$84.2M 1.36%
270,422
-9,786
-3% -$2.89M
PAYX icon
13
Paychex
PAYX
$40.4B
$83.8M 1.36%
682,132
+79,185
+13% +$9.61M
BAH icon
14
Booz Allen Hamilton
BAH
$8.7B
$83.5M 1.35%
562,505
-43,138
-7% -$6.07M
IT icon
15
Gartner
IT
$9.41B
$83.3M 1.35%
174,856
+9,528
+6% +$4.39M
DOX icon
16
Amdocs
DOX
$5.53B
$82.1M 1.33%
908,656
-9,152
-1% -$834K
INTU icon
17
Intuit
INTU
$81.1B
$81.7M 1.32%
125,706
-3,187
-2% -$2.03M
FTNT icon
18
Fortinet
FTNT
$112B
$79.8M 1.29%
1,168,250
-183,208
-14% -$12.2M
ALLY icon
19
Ally Financial
ALLY
$13.1B
$52.9M 0.86%
1,303,019
-254,450
-16% -$9.29M
CI icon
20
Cigna
CI
$76.6B
$51.7M 0.84%
142,248
+10,226
+8% +$3.37M
PHM icon
21
Pultegroup
PHM
$24.5B
$50.4M 0.82%
417,977
-72,067
-15% -$7.73M
HCA icon
22
HCA Healthcare
HCA
$84.8B
$49.5M 0.8%
148,288
-7,702
-5% -$2.35M
THC icon
23
Tenet Healthcare
THC
$20.1B
$49.2M 0.8%
468,158
+433,877
+1,266% +$39M
TOL icon
24
Toll Brothers
TOL
$14B
$48.7M 0.79%
376,675
-134,286
-26% -$14.6M
DDS icon
25
Dillards
DDS
$8.87B
$48.7M 0.79%
103,241
-18,286
-15% -$7.5M
1
2 3 4 5

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Wedge Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Wedge Capital Management held 529 positions worth $6.18B, up 10% from $5.6B the previous quarter. Its ten largest holdings account for 14% of the portfolio.

Wedge Capital Management withdrew a net $204M in Q1 2024, closing 36 positions and reducing 206 holdings. Its most notable exit was AutoNation, an estimated $51.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 25% 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 Micron Technology worth $101M.

  • Wedge Capital Management's largest Q1 2024 buy was Micron Technology: 858,707 shares worth $101M.
  • Wedge Capital Management added most to Microsoft in Q1 2024, an estimated $77.7M increase.
  • Wedge Capital Management's biggest Q1 2024 reduction was Super Micro Computer, cutting an estimated $126M.
  • Wedge Capital Management fully exited AutoNation in Q1 2024, selling an estimated $51.5M.
  • Wedge Capital Management's ten largest holdings make up 14% of its $6.18B portfolio in Q1 2024.
  • Wedge Capital Management opened 45 new positions and closed 36 in Q1 2024.
  • Wedge Capital Management's portfolio value rose 10% quarter-over-quarter to $6.18B.

Based on Wedge Capital Management's 13F filing for Q1 2024, filed 23 Apr 2024.