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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
+6.26%
1 Year Est. Return
+30.25%
3 Year Est. Return
+74.87%
5 Year Est. Return
+76.29%
10 Year Est. Return
–
AUM
$657M
AUM Growth
+$10.7M
(+1.7%)
Cap. Flow
-$25.6M
Cap. Flow
% of AUM
-3.9%
Top 10 Holdings %
Top 10 Hldgs %
71.24%
Holding
87
New
9
Increased
28
Reduced
11
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.6M |
| 2 |
Visa
V
|
+$1.14M |
| 3 |
Schwab US Aggregate Bond ETF
SCHZ
|
+$1.05M |
| 4 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$1.05M |
| 5 |
Schwab 5-10 Year Corporate Bond ETF
SCHI
|
+$905K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares S&P GSCI Commodity-Indexed Trust
GSG
|
+$20.9M |
| 2 |
Simplify US Equity PLUS Downside Convexity ETF
SPD
|
+$4.69M |
| 3 |
First Trust Preferred Securities and Income ETF
FPE
|
+$3.68M |
| 4 |
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
|
+$3.66M |
| 5 |
Vanguard Russell 1000 Value ETF
VONV
|
+$2.47M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 5.4% |
| 2 | Healthcare | 2.71% |
| 3 | Industrials | 2.61% |
| 4 | Financials | 2.14% |
| 5 | Consumer Discretionary | 1.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
76
Schwab 5-10 Year Corporate Bond ETF
SCHI
$11.5B
| $900K | 0.14% |
+40,872
| New | +$905K |
|
77
BNY Mellon Core Bond ETF
BKAG
$2.23B
| $896K | 0.14% |
+21,337
| New | +$904K |
|
78
Morgan Stanley
MS
$340B
| $871K | 0.13% |
10,201
-6,538
| -39% | -$559K |
|
79
Stryker
SYK
$130B
| $841K | 0.13% |
+2,756
| New | +$796K |
|
80
iShares Core 1-5 Year USD Bond ETF
ISTB
$5.13B
| $798K | 0.12% |
+17,116
| New | +$804K |
|
81
Vanguard Short-Term Bond ETF
BSV
$45.6B
| $798K | 0.12% |
+10,560
| New | +$805K |
|
82
Pfizer
PFE
$153B
| $618K | 0.09% |
16,862
-32,124
| -66% | -$1.25M |
|
83
Vanguard S&P 500 ETF
VOO
$1.03T
| $605K | 0.09% |
+1,486
| New | +$573K |
|
84
CVS Health
CVS
$122B
| – | – |
-13,253
| Closed | -$985K |
|
|
85
iShares S&P GSCI Commodity-Indexed Trust
GSG
$900M
| – | – |
-1,036,676
| Closed | -$20.9M |
|
|
86
Simplify US Equity PLUS Downside Convexity ETF
SPD
$107M
| – | – |
-183,405
| Closed | -$4.69M |
|
87
Target
TGT
$68B
| – | – |
-4,328
| Closed | -$717K |
|
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Red Cedar Investment Management's Q2 2023 Portfolio in Review
As of Q2 2023, Red Cedar Investment Management held 87 positions worth $657M, up 1.7% from $647M the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Red Cedar Investment Management withdrew a net $25.6M in Q2 2023, closing 4 positions and reducing 11 holdings. Its most notable exit was iShares S&P GSCI Commodity-Indexed Trust, an estimated $20.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 5.4% of assets, up from 5% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Red Cedar Investment Management opened a new position in Visa worth $1.18M.
- Red Cedar Investment Management's largest Q2 2023 buy was Visa: 4,971 shares worth $1.18M.
- Red Cedar Investment Management added most to State Street SPDR S&P 500 ETF Trust in Q2 2023, an estimated $1.6M increase.
- Red Cedar Investment Management's biggest Q2 2023 reduction was First Trust Preferred Securities and Income ETF, cutting an estimated $3.68M.
- Red Cedar Investment Management fully exited iShares S&P GSCI Commodity-Indexed Trust in Q2 2023, selling an estimated $20.9M.
- Red Cedar Investment Management's ten largest holdings make up 71% of its $657M portfolio in Q2 2023.
- Red Cedar Investment Management opened 9 new positions and closed 4 in Q2 2023.
- Red Cedar Investment Management's portfolio value rose 1.7% quarter-over-quarter to $657M.
Based on Red Cedar Investment Management's 13F filing for Q2 2023, filed 26 Jul 2023.