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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 | |
|---|---|---|---|---|---|---|
1
Vanguard Russell 1000 ETF
VONE
$8.54B
| $144M | 21.9% |
714,235
+1,332
| +0.2% | +$254K |
|
2
iShares Russell 1000 ETF
IWB
$49.9B
| $137M | 20.77% |
560,286
+1,038
| +0.2% | +$239K |
|
|
3
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.6B
| $39.9M | 6.07% |
1,355,624
-123,990
| -8% | -$3.66M |
|
4
iShares MSCI Japan ETF
EWJ
$22.6B
| $29.7M | 4.52% |
480,481
+388
| +0.1% | +$23.4K |
|
5
Vanguard Russell 2000 ETF
VTWO
$17.9B
| $26.9M | 4.1% |
356,194
+562
| +0.2% | +$40.5K |
|
6
iShares Russell 2000 ETF
IWM
$82.8B
| $23.7M | 3.61% |
126,758
+206
| +0.2% | +$36.7K |
|
7
iShares Core MSCI Emerging Markets ETF
IEMG
$156B
| $18.9M | 2.87% |
382,481
+2,742
| +0.7% | +$134K |
|
8
Schwab International Equity ETF
SCHF
$68.3B
| $18.4M | 2.8% |
1,030,990
+10,866
| +1% | +$193K |
|
9
iShares Russell 1000 Growth ETF
IWF
$128B
| $15.5M | 2.35% |
224,636
-6,992
| -3% | -$445K |
|
|
10
Vanguard Russell 1000 Value ETF
VONV
$21B
| $14.8M | 2.24% |
213,130
-36,798
| -15% | -$2.47M |
|
11
Schwab US Large- Cap ETF
SCHX
$74.2B
| $13.6M | 2.06% |
777,429
+34,662
| +5% | +$572K |
|
12
Microsoft
MSFT
$3.63T
| $8.48M | 1.29% |
24,911
| – | – |
|
|
13
First Trust Preferred Securities and Income ETF
FPE
$6.35B
| $7.42M | 1.13% |
464,869
-231,766
| -33% | -$3.68M |
|
14
Broadcom
AVGO
$2.01T
| $6.7M | 1.02% |
77,260
-12,380
| -14% | -$883K |
|
15
Vanguard Russell 1000 Growth ETF
VONG
$45B
| $5.7M | 0.87% |
80,618
| – | – |
|
16
Eli Lilly
LLY
$1.04T
| $5.49M | 0.84% |
11,711
-122
| -1% | -$51.2K |
|
17
Apple
AAPL
$4.51T
| $5.16M | 0.78% |
26,582
| – | – |
|
18
iShares Core US Aggregate Bond ETF
AGG
$138B
| $4.97M | 0.76% |
50,728
+950
| +2% | +$93.9K |
|
19
McDonald's
MCD
$194B
| $4.87M | 0.74% |
16,334
+2,095
| +15% | +$609K |
|
20
Vanguard Russell 2000 Value ETF
VTWV
$1.31B
| $4.86M | 0.74% |
39,282
+113
| +0.3% | +$13.4K |
|
21
iShares Russell 1000 Value ETF
IWD
$83.2B
| $4.52M | 0.69% |
28,646
| – | – |
|
22
AbbVie
ABBV
$436B
| $4.39M | 0.67% |
32,584
| – | – |
|
23
Chevron
CVX
$373B
| $4.04M | 0.61% |
25,688
| – | – |
|
24
Eaton
ETN
$175B
| $3.83M | 0.58% |
19,043
+3,461
| +22% | +$609K |
|
25
Motorola Solutions
MSI
$73.1B
| $3.8M | 0.58% |
12,955
| – | – |
|
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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.