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Funds (13F)

Wedge Capital Management L L P

Backtest from 2 Aug 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+12.6%
S&P 500 +13.8%
Last 12 months
+23.4%
S&P 500 +12.1%
Sharpe ratio
0.63
S&P 500 0.76
Biggest drop
−41.7%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $55.3k$48.3k
StrategyS&P 500 $10,000 in Wedge Capital Management L L P from 2 Aug 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Wedge Capital Management L L P's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Wedge Capital Management L L P's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+12.6%+13.8%
Total return+383%+453%
Last 12 months+23.4%+12.1%
Last 3 months−1.0%—
Last month−0.1%—
This year so far+17.9%—
Volatility a year18.6%16.0%
Sharpe ratio0.630.76
Biggest drop−41.7%−31.8%
Beta to the S&P 5001.071.00
Alpha a year (t-statistic)−1.4% (−0.73)—
Share of weeks up58%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
KLAC1.8%——
AMAT1.7%——
LRCX1.6%——
APH1.6%——
GOOGL1.4%——
DELL1.4%——
DBX1.4%——
ANET1.4%——
JBL1.4%——
KEYS1.4%——
CW1.4%——
TXN1.4%——
SNX1.3%——
SSNC1.3%——
LMT1.3%——
MSFT1.3%——
STX1.3%——
CPAY1.3%——
FN1.2%——
ARW1.2%——
CSCO1.2%——
NXT1.2%——
NTAP1.2%——
TEL1.2%——
ADSK1.2%——
LTH0.7%——
RPRX0.7%——
CCL0.7%——
DVA0.7%——
THC0.7%——
EXPE0.7%——
RGA0.7%——
ALLY0.6%——
SYF0.6%——
RL0.6%——
PFG0.6%——
VSXY0.6%——
TROW0.6%——
VLY0.6%——
TPR0.6%——
ZION0.6%——
VOYA0.6%——
MUSA0.6%——
C0.6%——
TSN0.6%——
GRMN0.6%——
STT0.6%——
PRU0.6%——
UNM0.6%——
BOOT0.6%——
BEN0.6%——
CASY0.6%——
AN0.6%——
AER0.6%——
URBN0.6%——
MET0.6%——
DDS0.6%——
HIG0.6%——
HAS0.6%——
DIS0.6%——
AMP0.6%——
ABBV0.6%——
GM0.6%——
FNF0.6%——
NYT0.6%——
CAH0.6%——
F0.6%——
OSCR0.6%——
LVS0.6%——
GS0.6%——
RVTY0.6%——
IVZ0.5%——
JXN0.5%——
GIL0.5%——
HALO0.5%——
HCA0.5%——
CNC0.5%——
CVS0.5%——
LH0.5%——
JAZZ0.5%——
BMY0.5%——
MO0.5%——
COR0.5%——
REGN0.5%——
GEHC0.5%——
VTRS0.5%——
MCK0.5%——
SOLV0.5%——
ES0.4%——
TKR0.4%——
POR0.3%——
ALSN0.3%——
MATX0.3%——
SR0.3%——
AYI0.3%——
ADT0.3%——
MLI0.3%——
OSK0.3%——
EVRG0.3%——
MAS0.3%——
DTE0.3%——
LEA0.3%——
URI0.3%——
ED0.3%——
UGI0.3%——
PH0.3%——
FE0.3%——
MIDD0.2%——
OC0.2%——
PCG0.2%——
AOS0.2%——
CSX0.2%——
CMI0.2%——
SNA0.2%——
DOV0.2%——
MMM0.2%——
R0.2%——
VZ0.2%——
J0.2%——
CSL0.2%——
TMUS0.2%——
VNT0.2%——
APA0.2%——
EMR0.2%——
AGCO0.2%——
MUR0.2%——
UPS0.2%——
CNM0.2%——
EME0.2%——
ALV0.2%——
EXE0.2%——
APTV0.2%——
CHRD0.2%——
BWA0.2%——
OVV0.2%——
CF0.2%——
SHEL0.2%——
NOV0.2%——
DVN0.2%——
BKR0.2%——
OXY0.2%——
CRC0.2%——
HAL0.2%——
SLB0.2%——
SWKS0.2%——
SON0.2%——
MOS0.2%——
MTZ0.2%——
WFRD0.2%——
NVR0.2%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest2 Aug 2013 to 2 Nov 2026+12.6%+13.8%0.630.76−41.7%1.07−1.4% (−0.73)
2018 onwards5 Jan 2018 to 2 Nov 2026+11.4%+13.9%0.490.66−41.7%1.07−2.5% (−0.89)
Last three years3 Nov 2023 to 2 Nov 2026+22.1%+21.8%1.181.16−17.1%0.85+2.8% (0.64)
Last year7 Nov 2025 to 2 Nov 2026+24.3%+14.2%1.590.84−6.3%0.72+11.1% (1.43)
DateCompanyAction
17 Jul 2026WAFDBought
17 Jul 2026VSXYBought
17 Jul 2026USBBought
17 Jul 2026SPFIBought
17 Jul 2026SPCXBought
17 Jul 2026SOBought
17 Jul 2026SENEABought
17 Jul 2026SBUXBought
17 Jul 2026PNCBought
17 Jul 2026PEPBought
17 Jul 2026PCRXBought
17 Jul 2026PCGBought
17 Jul 2026PAYBought
17 Jul 2026OSCRBought
17 Jul 2026NGVCBought
17 Jul 2026MUSABought
17 Jul 2026INTCBought
17 Jul 2026IIINBought
17 Jul 2026HELEBought
17 Jul 2026HDBought
17 Jul 2026HALOBought
17 Jul 2026EXEBought
17 Jul 2026EDBought
17 Jul 2026DLTRBought
17 Jul 2026CCLBought

Dated at the rebalance that made the change.

DateCompanyAction
17 Jul 2026ZBHSold
17 Jul 2026WSSold
17 Jul 2026WDCSold
17 Jul 2026UTHRSold
17 Jul 2026TFXSold
17 Jul 2026TDYSold
17 Jul 2026SWXSold
17 Jul 2026SNDKSold
17 Jul 2026SBACSold
17 Jul 2026RYZSold
17 Jul 2026RSGSold
17 Jul 2026RCLSold
17 Jul 2026RALSold
17 Jul 2026PLTRSold
17 Jul 2026PGSold
17 Jul 2026PENGSold
17 Jul 2026PAYXSold
17 Jul 2026NUSSold
17 Jul 2026NRGSold
17 Jul 2026NOGSold
17 Jul 2026NOCSold
17 Jul 2026NISold
17 Jul 2026NAVISold
17 Jul 2026MKLSold
17 Jul 2026MGNISold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest