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RCIM
Red Cedar Investment Management Portfolio holdings
AUM
$965M
1-Year Est. Return
30.25%
This Fund
S&P 500
This Quarter
Est. Return
+4.69%
1 Year Est. Return
+30.25%
3 Year Est. Return
+74.87%
5 Year Est. Return
+76.29%
10 Year Est. Return
–
AUM
$647M
AUM Growth
+$12.8M
(+2%)
Cap. Flow
-$14.4M
Cap. Flow
% of AUM
-2.23%
Top 10 Holdings %
Top 10 Hldgs %
70.03%
Holding
86
New
1
Increased
56
Reduced
11
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Japan ETF
EWJ
|
+$27.3M |
| 2 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$10.8M |
| 3 |
Microsoft
MSFT
|
+$2.29M |
| 4 |
AbbVie
ABBV
|
+$1.61M |
| 5 |
Starbucks
SBUX
|
+$1.47M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Currency Hedged MSCI Japan ETF
HEWJ
|
+$17M |
| 2 |
Vanguard Russell 1000 ETF
VONE
|
+$14.7M |
| 3 |
iShares Russell 1000 ETF
IWB
|
+$14.2M |
| 4 |
Vanguard Russell 1000 Value ETF
VONV
|
+$13.2M |
| 5 |
Schwab US Large- Cap ETF
SCHX
|
+$9.73M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 4.97% |
| 2 | Healthcare | 2.72% |
| 3 | Industrials | 2.45% |
| 4 | Financials | 2.04% |
| 5 | Consumer Discretionary | 1.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Target
TGT
$69B
| $717K | 0.11% |
4,328
+1,330
| +44% | +$219K |
|
77
Cintas
CTAS
$81.1B
| $375K | 0.06% |
3,240
+1,156
| +55% | +$127K |
|
78
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$17.1B
| $352K | 0.05% |
3,548
| – | – |
|
79
Fastenal
FAST
$59.8B
| – | – |
-18,536
| Closed | -$439K |
|
80
Corning
GLW
$136B
| – | – |
-3,480
| Closed | -$111K |
|
|
81
iShares Currency Hedged MSCI Japan ETF
HEWJ
$750M
| – | – |
-648,156
| Closed | -$17M |
|
82
iShares Core S&P 500 ETF
IVV
$904B
| – | – |
-13,020
| Closed | -$5M |
|
83
TJX Companies
TJX
$175B
| – | – |
-4,230
| Closed | -$337K |
|
84
Union Pacific
UNP
$174B
| – | – |
-3,386
| Closed | -$701K |
|
85
Vanguard S&P 500 ETF
VOO
$1.03T
| – | – |
-23,940
| Closed | -$8.41M |
|
|
PXD
86
DELISTED
Pioneer Natural Resource Co.
PXD
| – | – |
-2,481
| Closed | -$567K |
|
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Red Cedar Investment Management's Q1 2023 Portfolio in Review
As of Q1 2023, Red Cedar Investment Management held 86 positions worth $647M, up 2% from $634M the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Red Cedar Investment Management's Q1 2023 filing shows 1 new, 56 increased, 11 reduced and 8 closed positions. Its largest new stake was iShares MSCI Japan ETF: 480,093 shares worth $28.2M. The largest sale was iShares Currency Hedged MSCI Japan ETF, an estimated $17M.
By sector, the portfolio is most concentrated in Technology at 5% of assets, up from 2.9% a quarter earlier, followed by Healthcare and Industrials.
- Red Cedar Investment Management's largest Q1 2023 buy was iShares MSCI Japan ETF: 480,093 shares worth $28.2M.
- Red Cedar Investment Management added most to iShares Core MSCI Emerging Markets ETF in Q1 2023, an estimated $10.8M increase.
- Red Cedar Investment Management's biggest Q1 2023 reduction was Vanguard Russell 1000 ETF, cutting an estimated $14.7M.
- Red Cedar Investment Management fully exited iShares Currency Hedged MSCI Japan ETF in Q1 2023, selling an estimated $17M.
- Red Cedar Investment Management's ten largest holdings make up 70% of its $647M portfolio in Q1 2023.
- Red Cedar Investment Management opened 1 new position and closed 8 in Q1 2023.
- Red Cedar Investment Management's portfolio value rose 2% quarter-over-quarter to $647M.
Based on Red Cedar Investment Management's 13F filing for Q1 2023, filed 26 Apr 2023.