Red Cedar Management, L.P. 13F annual report
Red Cedar Management, L.P. is an investment fund managing more than $60.3 million ran by Dana Witkin. There are currently 20 companies in Mrs. Witkin’s portfolio. The largest investments include Echostar Corp-a and Quinnstreet, Inc., together worth $16.1 million.
$60.3 million Assets Under Management (AUM)
As of 7th October 2020, Red Cedar Management, L.P.’s top holding is 252,240 shares of Echostar Corp-a currently worth over $8.06 million and making up 13.4% of the portfolio value.
In addition, the fund holds 1,000,000 shares of Quinnstreet, Inc. worth $8.05 million.
The third-largest holding is Blucora worth $4.94 million and the next is Us Concrete Inc worth $4.54 million, with 250,000 shares owned.
Currently, Red Cedar Management, L.P.'s portfolio is worth at least $60.3 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Red Cedar Management, L.P.
The Red Cedar Management, L.P. office and employees reside in Park City, Utah. According to the last 13-F report filed with the SEC, Dana Witkin serves as the CCO/COO at Red Cedar Management, L.P..
Recent trades
In the most recent 13F filing, Red Cedar Management, L.P. revealed that it had opened a new position in
Amazon.com and bought 2,250 shares worth $4.39 million.
This means they effectively own approximately 0.1% of the company.
Amazon.com makes up
41.7%
of the fund's Consumer Discretionary sector allocation and has grown its share price by 98.3% in the past year.
The investment fund also strengthened its position in Echostar Corp-a by buying
51,500 additional shares.
This makes their stake in Echostar Corp-a total 252,240 shares worth $8.06 million.
On the other hand, there are companies that Red Cedar Management, L.P. is getting rid of from its portfolio.
Red Cedar Management, L.P. closed its position in United Rentals on 15th May 2020.
It sold the previously owned 85,000 shares for $14.2 million.
Dana Witkin also disclosed a decreased stake in Summit Materials by 0.3%.
This leaves the value of the investment at $3.01 million and 200,538 shares.
One of the smallest hedge funds
The two most similar investment funds to Red Cedar Management, L.P. are Tempus Wealth Planning and Danda Trouve Investment Management. They manage $60.3 million and $60.4 million respectively.
Dana Witkin investment strategy
Red Cedar Management, L.P.’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Finance — making up 19.0% of
the total portfolio value.
The fund focuses on investments in the United States as
65.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
50% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $161 billion.
The complete list of Red Cedar Management, L.P. trades based on 13F SEC filings
These positions were updated on May 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| United Rentals, Inc. |
Closed
85,000
|
$14,175,000 | |
| Health Equity |
Closed
120,116
|
$8,897,000 | |
| Martin Marietta Materials, Inc. |
Closed
30,000
|
$8,389,000 | |
| Echostar Corp-a |
25.66%
252,240
|
$8,064,000 | 13.38% |
| Quinnstreet, Inc. |
66.67%
1,000,000
|
$8,050,000 | 13.35% |
| Alibaba Group Holding-sp Adr |
Closed
35,000
|
$7,424,000 | |
| GoDaddy, Inc. |
Closed
105,000
|
$7,132,000 | |
| Zto Express Cayman Inc-adr |
Closed
250,000
|
$5,838,000 | |
| Avantor, Inc. |
Closed
320,000
|
$5,808,000 | |
| Blucora, Inc. |
36.67%
410,000
|
$4,941,000 | 8.20% |
| Us Concrete Inc |
No change
250,000
|
$4,535,000 | 7.52% |
| Amazon.com, Inc. |
Opened
2,250
|
$4,387,000 | 7.28% |
| Lowe's Companies, Inc. |
Closed
35,000
|
$4,192,000 | |
| Euronet Worldwide, Inc. |
Closed
25,000
|
$3,939,000 | |
| General Motors Co. |
Closed
100,000
|
$3,660,000 | |
| Vulcan Materials Co. |
Opened
33,000
|
$3,566,000 | 5.92% |
| Summit Materials, Inc. |
33.27%
200,538
|
$3,008,000 | 4.99% |
| The Home Depot, Inc. |
Opened
14,000
|
$2,614,000 | 4.34% |
| Alarm.com Holdings, Inc. |
Opened
60,000
|
$2,335,000 | 3.87% |
| American Express Co. |
Opened
27,000
|
$2,311,000 | 3.83% |
| Facebook Inc-a |
Opened
13,500
|
$2,252,000 | 3.74% |
| The Charles Schwab Corp. |
Opened
65,000
|
$2,185,000 | 3.62% |
| Morgan Stanley |
Opened
60,000
|
$2,040,000 | 3.38% |
| QUALCOMM, Inc. |
Opened
30,000
|
$2,030,000 | 3.37% |
| WEX, Inc. |
75.00%
17,500
|
$1,830,000 | 3.04% |
| Mcondald S Corporation |
Opened
10,000
|
$1,654,000 | 2.74% |
| Trip.com Group Ltd. |
Opened
70,000
|
$1,642,000 | 2.72% |
| Darden Restaurants, Inc. |
Opened
24,000
|
$1,307,000 | 2.17% |
| Sei Investment Co |
Opened
20,602
|
$955,000 | 1.58% |
| The TJX Cos., Inc. |
Opened
12,000
|
$574,000 | 0.95% |
| No transactions found | |||
| Showing first 500 out of 30 holdings | |||
Hedge funds similar to Red Cedar Management, L.P.
- Mantle Ridge L.P.
- Hunting Hill Global Capital
- Deer Viii & Co
- Toscafund Asset Management LL.P.
- Account Management
- Gardiner Nancy B
- Danda Trouve Investment Management
- Aegis Financial Corp
- Tempus Wealth Planning
- Waterstone Capital Management, L.P.
- Edward Jones Trust
- Jayhawk Capital Management, L.L.C
- Technology Crossover Management Vi, L.L.C
- Saban Capital