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RCM
Red Cedar Management Portfolio holdings
AUM
$60.3M
Turnover
80%
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
Cap. Flow %
-40.8%
Top 10 Holdings %
Top 10 Hldgs %
72.68%
Holding
30
New
14
Increased
4
Reduced
1
Closed
10
Avg Time Held
0.5
years
Top 10 Avg Time Held
0.7
years
Top 20 Avg Time Held
0.5
years
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 | 18.43% |
| 5 | Technology | 10.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
26
HealthEquity
HQY
$8.6B
| – | – |
-120,116
| Closed | -$8.9M | – |
|
27
Lowe's Companies
LOW
$111B
| – | – |
-35,000
| Closed | -$4.19M | – |
|
|
28
Martin Marietta Materials
MLM
$36B
| – | – |
-30,000
| Closed | -$8.39M | – |
|
|
29
United Rentals
URI
$68.4B
| – | – |
-85,000
| Closed | -$14.2M | – |
|
30
ZTO Express
ZTO
$14.8B
| – | – |
-250,000
| Closed | -$5.84M | – |
|
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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.