Red Cedar Management, LP

High-turnover traderSector-focusedMomentum follower

Total reported value

$60.3M

Reporting period: 2020-03-31 · Number of holdings: 20

Red Cedar Management, LP disclosed 20 holdings in its latest 13F filing for the period ending 2020-03-31, with total reported value of $60.3M and a quarterly turnover rate of 130.5%.

Browse other institutions with under $100M AUM Browse other institutions starting with "R"

Personality snowflake

Concentration: 28.98
Portfolio Stability: 100
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 40
Sizing Uniformity: 93.12

Recent moves

Add ECHO
+25.7%　-$630.0K
Add QNST
+66.7%　-$1.1M
Trim USCR
0.0%　-$5.9M
Add BCOREUR
+36.7%　-$2.9M
Trim 7SU
-33.3%　-$4.2M
Add WEX
+75.0%　-$265.0K

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	ECHO	Echostar Corp-a	Stock-Comm Services	13.38%	+5.81%	+25.66%
2	QNST	Quinstreet INC	Stock-Other	13.35%	+5.35%	+66.67%
3	BCOREUR	Blucora INC	Stock-Other	8.20%	+1.37%	+36.67%
4	USCR	US Concrete INC	Stock-Other	7.52%	-1.55%	—
5	AMZN	Amazon.com INC	Stock-Consumer Disc	7.28%	+7.28%	NEW
6	VMC	Vulcan Materials Co	Stock-Materials	5.92%	+5.92%	NEW
7	7SU	Summit Materials INC -cl A	Stock-Other	4.99%	-1.26%	-33.27%
8	HD	Home Depot INC	Stock-Consumer Disc	4.34%	+4.34%	NEW
9	ALRM	Alarm.com Holdings INC	Stock-Other	3.87%	+3.87%	NEW
10	AXP	American Express Co	Stock-Financials	3.83%	+3.83%	NEW
11	META	Meta Platforms Inc-class A	Stock-Comm Services	3.74%	+3.74%	NEW
12	SCHW	Schwab (charles) CORP	Stock-Financials	3.62%	+3.62%	NEW
13	MS	Morgan Stanley	Stock-Financials	3.38%	+3.38%	NEW
14	QCOM	Qualcomm INC	Stock-Tech	3.37%	+3.37%	NEW
15	WEX	Wex INC	Stock-Tech	3.04%	+1.22%	+75.00%
16	MCD	Mcdonald's CORP	Stock-Consumer Disc	2.74%	+2.74%	NEW
17	TCOM	Trip.com Group Ltd-adr	Stock-Consumer Disc	2.72%	+2.72%	NEW
18	DRI	Darden Restaurants INC	Stock-Consumer Disc	2.17%	+2.17%	NEW
19	SEIC	Sei Investments Company	Stock-Financials	1.58%	+1.58%	NEW
20	TJX	Tjx Companies INC	Stock-Consumer Disc	0.95%	+0.95%	NEW

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2020-03-31	20	$60.3M	100	1ECHO 2QNST 3BCOREUR Top holdings2020-03-31 1.ECHO 2.QNST 3.BCOREUR 4.USCR 5.AMZN 6.VMC 7.7SU 8.HD 9.ALRM 10.AXP
2019-12-31	16	$114.9M	35	1URI 2USCR 3QNST Top holdings2019-12-31 1.URI 2.USCR 3.QNST 4.HQY 5.ECHO 6.MLM 7.BCOREUR 8.BABA 9.7SU 10.GDDY
2019-09-30	15	$93.0M	53	1USCR 2URI 3ECHO Top holdings2019-09-30 1.USCR 2.URI 3.ECHO 4.7SU 5.MLM 6.GDDY 7.HQY 8.BABA 9.QNST 10.ZTO
2019-06-30	17	$104.0M	35	1USCR 27SU 3URI Top holdings2019-06-30 1.USCR 2.7SU 3.URI 4.ECHO 5.MLM 6.GDDY 7.AAP 8.SMPL 9.QNST 10.CTRPUSD
2019-03-31	16	$96.5M	67	1USCR 2MLM 37SU Top holdings2019-03-31 1.USCR 2.MLM 3.7SU 4.ECHO 5.WEX 6.GDDY 7.SMPL 8.URI 9.CAT 10.AAP
2018-12-31	12	$75.4M	67	1DG 2MSFT 3ECHO Top holdings2018-12-31 1.DG 2.MSFT 3.ECHO 4.MLM 5.SMPL 6.GDDY 7.7SU 8.USCR 9.WEX 10.CAT
2018-09-30	15	$99.2M	49	1ECHO 2DG 3MSFT Top holdings2018-09-30 1.ECHO 2.DG 3.MSFT 4.MLM 5.7SU 6.GDDY 7.WEX 8.AMT 9.SMPL 10.EGHT
2018-06-30	15	$125.9M	30	1LOGMEUR 2ECHO 3DISH Top holdings2018-06-30 1.LOGMEUR 2.ECHO 3.DISH 4.MLM 5.7SU 6.MSFT 7.DG 8.AMT 9.GDDY 10.WEX
2018-03-31	15	$118.1M	49	1WEX 2DISH 3ECHO Top holdings2018-03-31 1.WEX 2.DISH 3.ECHO 4.LOGMEUR 5.MLM 6.7SU 7.DG 8.AMT 9.MSFT 10.GDDY
2017-12-31	15	$113.2M	0	1WEX 2DISH 3ECHO Top holdings2017-12-31 1.WEX 2.DISH 3.ECHO 4.HAIN 5.7SU 6.LOGMEUR 7.MSFT 8.DG 9.GDDY 10.WFC

Holding changes this quarter

Red Cedar Management, LP's most significant position changes for 2020-03-31: Sold out: United Rentals INC (URI); Sold out: Healthequity INC (HQY); Sold out: Martin Marietta Materials (MLM); Sold out: Alibaba Group Holding-sp Adr (BABA); Sold out: Godaddy INC - Class A (GDDY).

Position changes disclosed by Red Cedar Management, LP for the quarter ending 2020-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	ECHO	Echostar Corp-a	+5.8%	+25.66%	Add
2	QNST	Quinstreet INC	+5.4%	+66.67%	Add
3	BCOREUR	Blucora INC	+1.4%	+36.67%	Add
4	WEX	Wex INC	+1.2%	+75.00%	Add
5	7SU	Summit Materials INC -cl A	-1.3%	-33.27%	Trim
6	USCR	US Concrete INC	-1.6%	—	Unchanged
7	URI	United Rentals INC	—	EXIT	Sold out
8	HQY	Healthequity INC	—	EXIT	Sold out
9	MLM	Martin Marietta Materials	—	EXIT	Sold out
10	BABA	Alibaba Group Holding-sp Adr	—	EXIT	Sold out
11	GDDY	Godaddy INC - Class A	—	EXIT	Sold out
12	ZTO	Zto Express Cayman Inc-adr	—	EXIT	Sold out
13	AVTR	Avantor INC	—	EXIT	Sold out
14	AMZN	Amazon.com INC	—	NEW	New buy
15	LOW	Lowe's Cos INC	—	EXIT	Sold out
16	EEFT	Euronet Worldwide INC	—	EXIT	Sold out
17	GM	General Motors Co	—	EXIT	Sold out
18	VMC	Vulcan Materials Co	—	NEW	New buy
19	HD	Home Depot INC	—	NEW	New buy
20	ALRM	Alarm.com Holdings INC	—	NEW	New buy
21	AXP	American Express Co	—	NEW	New buy
22	META	Meta Platforms Inc-class A	—	NEW	New buy
23	SCHW	Schwab (charles) CORP	—	NEW	New buy
24	MS	Morgan Stanley	—	NEW	New buy
25	QCOM	Qualcomm INC	—	NEW	New buy
26	MCD	Mcdonald's CORP	—	NEW	New buy
27	TCOM	Trip.com Group Ltd-adr	—	NEW	New buy
28	DRI	Darden Restaurants INC	—	NEW	New buy
29	SEIC	Sei Investments Company	—	NEW	New buy
30	TJX	Tjx Companies INC	—	NEW	New buy

FAQ

What is Red Cedar Management, LP and what type of investor is it?

Red Cedar Management, LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2020-03-31), the firm manages a tracked equity portfolio valued at approximately $60.3M, spread across 20 disclosed positions.

What are Red Cedar Management, LP's largest equity positions?

Based on the latest 13F filing, Red Cedar Management, LP's top holdings by market value are: 1. Echostar Corp-a (ECHO) — $8.1M (13.4%) 2. Quinstreet INC (QNST) — $8.1M (13.3%) 3. Blucora INC (BCOREUR) — $4.9M (8.2%) 4. US Concrete INC (USCR) — $4.5M (7.5%) 5. Amazon.com INC (AMZN) — $4.4M (7.3%)

What changes did Red Cedar Management, LP make in its most recent portfolio filing?

In the latest reported quarter, Red Cedar Management, LP made 29 notable position adjustments: 14 new positions were initiated, 4 existing holdings were added to, 1 positions were partially reduced, and 10 were completely exited. The largest of these moves: Sold out: United Rentals INC (URI); Sold out: Healthequity INC (HQY); Sold out: Martin Marietta Materials (MLM); Sold out: Alibaba Group Holding-sp Adr (BABA); Sold out: Godaddy INC - Class A (GDDY)

What sectors does Red Cedar Management, LP focus on?

Red Cedar Management, LP is concentrated in the following sectors based on its current disclosed equity portfolio: • Consumer Discretionary: 44.5% • Financials: 33.6% • Communication Services: 11.6% • Information Technology: 10.4%