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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
-13.93%
1 Year Est. Return
-14.27%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$75.4M
AUM Growth
-$23.8M
(-24%)
Cap. Flow
-$12.4M
Cap. Flow
% of AUM
-16.47%
Top 10 Holdings %
Top 10 Hldgs %
90.91%
Holding
19
New
4
Increased
1
Reduced
2
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
USCR
U S Concrete, Inc.
USCR
|
+$6.15M |
| 2 |
Caterpillar
CAT
|
+$4.55M |
| 3 |
Lear
LEA
|
+$4.28M |
| 4 |
QuinStreet
QNST
|
+$2.71M |
| 5 |
SUM
Summit Materials, Inc. Class A Common Stock
SUM
|
+$281K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AMTD
TD Ameritrade Holding Corp
AMTD
|
+$7.13M |
| 2 |
8x8 Inc
EGHT
|
+$6.38M |
| 3 |
Electronic Arts
EA
|
+$4.82M |
| 4 |
ZTO Express
ZTO
|
+$3.31M |
| 5 |
Walt Disney
DIS
|
+$2.92M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.58% |
| 2 | Consumer Staples | 21.67% |
| 3 | Materials | 17.34% |
| 4 | Communication Services | 14.34% |
| 5 | Industrials | 5.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Dollar General
DG
$27.8B
| $9.73M | 12.9% |
90,000
| – | – |
|
2
Microsoft
MSFT
$2.92T
| $8.63M | 11.45% |
85,000
| – | – |
|
|
ECHO
3
EchoStar
ECHO
$24.9B
| $7.9M | 10.47% |
265,359
-13,574
| -5% | -$448K |
|
4
Martin Marietta Materials
MLM
$35B
| $6.87M | 9.12% |
40,000
-12,000
| -23% | -$2.13M |
|
5
Simply Good Foods
SMPL
$941M
| $6.62M | 8.77% |
350,000
| – | – |
|
6
GoDaddy
GDDY
$13.6B
| $6.56M | 8.7% |
100,000
| – | – |
|
|
SUM
7
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $6.2M | 8.22% |
508,703
+20,340
| +4% | +$281K |
|
|
USCR
8
DELISTED
U S Concrete, Inc.
USCR
| $6M | 7.95% |
+170,000
| New | +$6.15M |
|
9
WEX
WEX
$6.23B
| $5.6M | 7.43% |
40,000
| – | – |
|
|
10
Caterpillar
CAT
$387B
| $4.45M | 5.9% |
+35,000
| New | +$4.55M |
|
|
11
Lear
LEA
$7.45B
| $3.93M | 5.21% |
+32,000
| New | +$4.28M |
|
|
12
QuinStreet
QNST
$916M
| $2.92M | 3.87% |
+180,000
| New | +$2.71M |
|
|
13
Walt Disney
DIS
$172B
| – | – |
-25,000
| Closed | -$2.92M |
|
|
14
Electronic Arts
EA
$52.4B
| – | – |
-40,000
| Closed | -$4.82M |
|
|
15
8x8 Inc
EGHT
$271M
| – | – |
-300,000
| Closed | -$6.38M |
|
|
16
ZTO Express
ZTO
$18.2B
| – | – |
-200,000
| Closed | -$3.31M |
|
|
AMTD
17
DELISTED
TD Ameritrade Holding Corp
AMTD
| – | – |
-135,000
| Closed | -$7.13M |
|
|
ATVI
18
DELISTED
Activision Blizzard
ATVI
| – | – |
-35,000
| Closed | -$2.91M |
|
|
DISH
19
CALL
DELISTED
DISH Network Corp.
DISH
| – | – |
-334,600
| Closed | -$339K |
|
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Red Cedar Management's Q4 2018 Portfolio in Review
As of Q4 2018, Red Cedar Management held 19 positions worth $75.4M, down 24% from $99.2M the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Red Cedar Management withdrew a net $12.4M in Q4 2018, closing 7 positions and reducing 2 holdings. Its most notable exit was TD Ameritrade Holding Corp, an estimated $7.13M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 36% a quarter earlier, followed by Consumer Staples and Materials.
Against the trend, Red Cedar Management opened a new position in U S Concrete, Inc. worth $6M.
- Red Cedar Management's largest Q4 2018 buy was U S Concrete, Inc.: 170,000 shares worth $6M.
- Red Cedar Management added most to Summit Materials, Inc. Class A Common Stock in Q4 2018, an estimated $281K increase.
- Red Cedar Management's biggest Q4 2018 reduction was Martin Marietta Materials, cutting an estimated $2.13M.
- Red Cedar Management fully exited TD Ameritrade Holding Corp in Q4 2018, selling an estimated $7.13M.
- Red Cedar Management's ten largest holdings make up 91% of its $75.4M portfolio in Q4 2018.
- Red Cedar Management opened 4 new positions and closed 7 in Q4 2018.
- Red Cedar Management's portfolio value fell 24% quarter-over-quarter to $75.4M.
Based on Red Cedar Management's 13F filing for Q4 2018, filed 14 Feb 2019.