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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
+2.44%
1 Year Est. Return
-14.27%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$99.2M
AUM Growth
-$26.7M
(-21%)
Cap. Flow
-$11.9M
Cap. Flow
% of AUM
-11.98%
Top 10 Holdings %
Top 10 Hldgs %
85.58%
Holding
18
New
3
Increased
4
Reduced
1
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ZTO Express
ZTO
|
+$3.85M |
| 2 |
Walt Disney
DIS
|
+$2.78M |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$2.66M |
| 4 |
Electronic Arts
EA
|
+$1.93M |
| 5 |
SUM
Summit Materials, Inc. Class A Common Stock
SUM
|
+$1.22M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LOGM
LogMein, Inc.
LOGM
|
+$12.3M |
| 2 |
Alibaba
BABA
|
+$7.56M |
| 3 |
Salesforce
CRM
|
+$4.38M |
| 4 |
ECHO
EchoStar
ECHO
|
+$1.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 35.65% |
| 2 | Communication Services | 18.37% |
| 3 | Materials | 18.33% |
| 4 | Consumer Staples | 16.78% |
| 5 | Financials | 7.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ECHO
1
EchoStar
ECHO
$24.9B
| $10.5M | 10.56% |
278,933
-41,907
| -13% | -$1.6M |
|
2
Dollar General
DG
$27.8B
| $9.84M | 9.91% |
90,000
| – | – |
|
3
Microsoft
MSFT
$2.92T
| $9.72M | 9.8% |
85,000
| – | – |
|
4
Martin Marietta Materials
MLM
$35B
| $9.46M | 9.54% |
52,000
+2,000
| +4% | +$413K |
|
|
SUM
5
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $8.73M | 8.8% |
488,363
+55,935
| +13% | +$1.22M |
|
6
GoDaddy
GDDY
$13.6B
| $8.34M | 8.4% |
100,000
| – | – |
|
7
WEX
WEX
$6.23B
| $8.03M | 8.09% |
40,000
| – | – |
|
|
AMTD
8
DELISTED
TD Ameritrade Holding Corp
AMTD
| $7.13M | 7.19% |
135,000
| – | – |
|
9
Simply Good Foods
SMPL
$941M
| $6.81M | 6.86% |
350,000
| – | – |
|
10
8x8 Inc
EGHT
$271M
| $6.38M | 6.42% |
300,000
+50,000
| +20% | +$1.09M |
|
|
11
Electronic Arts
EA
$52.4B
| $4.82M | 4.86% |
40,000
+15,000
| +60% | +$1.93M |
|
|
12
ZTO Express
ZTO
$18.2B
| $3.31M | 3.34% |
+200,000
| New | +$3.85M |
|
|
13
Walt Disney
DIS
$172B
| $2.92M | 2.95% |
+25,000
| New | +$2.78M |
|
|
ATVI
14
DELISTED
Activision Blizzard
ATVI
| $2.91M | 2.93% |
+35,000
| New | +$2.66M |
|
|
DISH
15
CALL
DELISTED
DISH Network Corp.
DISH
| $339K | 0.34% |
334,600
| – | – |
|
|
16
Alibaba
BABA
$276B
| – | – |
-40,000
| Closed | -$7.56M |
|
|
17
Salesforce
CRM
$149B
| – | – |
-30,000
| Closed | -$4.38M |
|
|
LOGM
18
DELISTED
LogMein, Inc.
LOGM
| – | – |
-115,000
| Closed | -$12.3M |
|
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Red Cedar Management's Q3 2018 Portfolio in Review
As of Q3 2018, Red Cedar Management held 18 positions worth $99.2M, down 21% from $126M the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Red Cedar Management withdrew a net $11.9M in Q3 2018, closing 3 positions and reducing 1 holding. Its most notable exit was LogMein, Inc., an estimated $12.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 36% of assets, down from 37% a quarter earlier, followed by Communication Services and Materials.
Against the trend, Red Cedar Management opened a new position in ZTO Express worth $3.31M.
- Red Cedar Management's largest Q3 2018 buy was ZTO Express: 200,000 shares worth $3.31M.
- Red Cedar Management added most to Electronic Arts in Q3 2018, an estimated $1.93M increase.
- Red Cedar Management's biggest Q3 2018 reduction was EchoStar, cutting an estimated $1.6M.
- Red Cedar Management fully exited LogMein, Inc. in Q3 2018, selling an estimated $12.3M.
- Red Cedar Management's ten largest holdings make up 86% of its $99.2M portfolio in Q3 2018.
- Red Cedar Management opened 3 new positions and closed 3 in Q3 2018.
- Red Cedar Management's portfolio value fell 21% quarter-over-quarter to $99.2M.
Based on Red Cedar Management's 13F filing for Q3 2018, filed 15 Nov 2018.