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RCM
Red Cedar Management Portfolio holdings
AUM
$60.3M
1-Year Est. Return
14.27%
This Fund
S&P 500
This Quarter
Est. Return
-31.85%
1 Year Est. Return
-14.27%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$60.3M
AUM Growth
-$54.6M
(-48%)
Cap. Flow
-$24.6M
Cap. Flow
% of AUM
-40.8%
Top 10 Holdings %
Top 10 Hldgs %
72.68%
Holding
30
New
14
Increased
4
Reduced
1
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
QuinStreet
QNST
|
+$4.93M |
| 2 |
Amazon
AMZN
|
+$4.36M |
| 3 |
Vulcan Materials
VMC
|
+$4.22M |
| 4 |
American Express
AXP
|
+$3.14M |
| 5 |
Home Depot
HD
|
+$3.07M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
United Rentals
URI
|
+$14.2M |
| 2 |
HealthEquity
HQY
|
+$8.9M |
| 3 |
Martin Marietta Materials
MLM
|
+$8.39M |
| 4 |
Alibaba
BABA
|
+$7.42M |
| 5 |
GoDaddy
GDDY
|
+$7.13M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 30.47% |
| 2 | Financials | 20.62% |
| 3 | Consumer Discretionary | 20.2% |
| 4 | Materials | 10.91% |
| 5 | Technology | 10.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ECHO
1
EchoStar
ECHO
$24.5B
| $8.06M | 13.38% |
252,240
+51,500
| +26% | +$1.93M |
|
|
2
QuinStreet
QNST
$922M
| $8.05M | 13.35% |
1,000,000
+400,000
| +67% | +$4.93M |
|
|
AVTA
3
DELISTED
Avantax, Inc. Common Stock
AVTA
| $4.94M | 8.2% |
410,000
+110,000
| +37% | +$2.12M |
|
|
USCR
4
DELISTED
U S Concrete, Inc.
USCR
| $4.54M | 7.52% |
250,000
| – | – |
|
|
5
Amazon
AMZN
$2.49T
| $4.39M | 7.28% |
+45,000
| New | +$4.36M |
|
|
6
Vulcan Materials
VMC
$37.4B
| $3.57M | 5.92% |
+33,000
| New | +$4.22M |
|
|
SUM
7
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $3.01M | 4.99% |
203,947
-101,700
| -33% | -$1.98M |
|
|
8
Home Depot
HD
$343B
| $2.61M | 4.34% |
+14,000
| New | +$3.07M |
|
9
Alarm.com
ALRM
$2.74B
| $2.33M | 3.87% |
+60,000
| New | +$2.61M |
|
|
10
American Express
AXP
$227B
| $2.31M | 3.83% |
+27,000
| New | +$3.14M |
|
11
Meta Platforms (Facebook)
META
$1.51T
| $2.25M | 3.74% |
+13,500
| New | +$2.64M |
|
|
SCHW
12
Charles Schwab
SCHW
$184B
| $2.19M | 3.62% |
+65,000
| New | +$2.73M |
|
13
Morgan Stanley
MS
$333B
| $2.04M | 3.38% |
+60,000
| New | +$2.83M |
|
14
Qualcomm
QCOM
$172B
| $2.03M | 3.37% |
+30,000
| New | +$2.46M |
|
15
WEX
WEX
$6.17B
| $1.83M | 3.04% |
17,500
+7,500
| +75% | +$1.4M |
|
16
McDonald's
MCD
$194B
| $1.65M | 2.74% |
+10,000
| New | +$1.97M |
|
17
Trip.com Group
TCOM
$28.7B
| $1.64M | 2.72% |
+70,000
| New | +$2.18M |
|
18
Darden Restaurants
DRI
$23.9B
| $1.31M | 2.17% |
+24,000
| New | +$2.33M |
|
19
SEI Investments
SEIC
$12.4B
| $955K | 1.58% |
+20,602
| New | +$1.23M |
|
20
TJX Companies
TJX
$177B
| $574K | 0.95% |
+12,000
| New | +$691K |
|
21
Avantor
AVTR
$8.37B
| – | – |
-320,000
| Closed | -$5.81M |
|
|
22
Alibaba
BABA
$277B
| – | – |
-35,000
| Closed | -$7.42M |
|
23
Euronet Worldwide
EEFT
$3.14B
| – | – |
-25,000
| Closed | -$3.94M |
|
|
24
GoDaddy
GDDY
$13.5B
| – | – |
-105,000
| Closed | -$7.13M |
|
25
General Motors
GM
$81B
| – | – |
-100,000
| Closed | -$3.66M |
|
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Red Cedar Management's Q1 2020 Portfolio in Review
As of Q1 2020, Red Cedar Management held 30 positions worth $60.3M, down 48% from $115M the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Red Cedar Management withdrew a net $24.6M in Q1 2020, closing 10 positions and reducing 1 holding. Its most notable exit was United Rentals, an estimated $14.2M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 30% of assets, up from 16% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Red Cedar Management opened a new position in Amazon worth $4.39M.
- Red Cedar Management's largest Q1 2020 buy was Amazon: 45,000 shares worth $4.39M.
- Red Cedar Management added most to QuinStreet in Q1 2020, an estimated $4.93M increase.
- Red Cedar Management's biggest Q1 2020 reduction was Summit Materials, Inc. Class A Common Stock, cutting an estimated $1.98M.
- Red Cedar Management fully exited United Rentals in Q1 2020, selling an estimated $14.2M.
- Red Cedar Management's ten largest holdings make up 73% of its $60.3M portfolio in Q1 2020.
- Red Cedar Management opened 14 new positions and closed 10 in Q1 2020.
- Red Cedar Management's portfolio value fell 48% quarter-over-quarter to $60.3M.
Based on Red Cedar Management's 13F filing for Q1 2020, filed 15 May 2020.