Cedar Capital, LLC
- SEC CIK
- 0001666746
- Latest filing
- Nov 1, 2021
The latest 13F from Cedar Capital, LLC covers Q3 2021 (filed Nov 1, 2021): 54 long positions worth $54.9M. The top 10 holdings make up 51.1% of the portfolio, and the largest is Pacer Trendpilot US Large Cap ETF at 7.2%. Livermore has 3 filings on Form 13F from this institution, going back to Q1 2021.
What changed in Q3 2021
Share counts compared with Q2 2021: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.
- New
- 5
- Est. +$6.04M
- Added
- 23
- Est. +$2.08M
- Reduced
- 24
- Est. −$8.38M
- Sold out
- 4
- Est. −$2.08M
Top 5 holdings
Share of this quarter's portfolio value
- Pacer Trendpilot US Large Cap ETF69374H1057.2%$3.93M
- iShares Core U.S. Aggregate Bond ETF4642872265.7%$3.15M
- iShares Tr4642871505.4%$2.98M
- State Street SPDR Portfolio Aggregate Bond ETF78464A6495.4%$2.98M
- iShares Russell 2000 ETF4642876555.3%$2.91M
Biggest buys
New and added positions, by estimated amount bought
- iShares Core S&P Mid-Cap ETF464287507+$2.58MNew
- iShares Tr464288661+$1.28MNew
- ProShares Tr74347R404+$1.08MNew
- iShares Tr464287457+$653.0KNew
- State Street Consumer Discretionary Select Sector SPDR ETF81369Y407+$439.0KNew
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- iShares Core S&P Mid-Cap ETF464287507+4.70 pp0.0% → 4.7%
- iShares Tr464288661+2.33 pp0.0% → 2.3%
- ProShares Tr74347R404+1.97 pp0.0% → 2.0%
- iShares Tr464287457+1.19 pp0.0% → 1.2%
- State Street SPDR Portfolio Aggregate Bond ETF78464A649+0.83 pp4.6% → 5.4%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- iShares Tr464287440−$3.68MReduced
- Vanguard Long-Term Treasury ETF92206C847−$1.72MReduced
- iShares Inc464286103−$851.0KSold out
- CRWDCrowdStrike Holdings, Inc.
- iShares Inc464286806−$614.6KReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- iShares Tr464287440−6.16 pp10.6% → 4.5%
- Vanguard Long-Term Treasury ETF92206C847−2.86 pp4.9% → 2.0%
- iShares Inc464286103−1.47 pp1.5% → 0.0%
- CRWDCrowdStrike Holdings, Inc.
- iShares Inc464286806−1.11 pp1.5% → 0.4%
Metrics
13F metrics for Q3 2021, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $54.9M
- −$2.97M (−5.1%) vs. prior quarter
- Positions
- 54
- +1 vs. prior quarter
- Top 10 concentration
- 51.1%
- Top 10 as share of value
- Turnover
- 14.4%
- Q3 2021, one quarter
- Average holding period
- 2.6 quarters
- Weighted by value
How these are calculated
- Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
- Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
- Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
- Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.
13F filings by quarter
3 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $57.9M (Q2 2021)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q3 2021 | Nov 1, 2021 | 54 | $54.9M | Pacer Trendpilot US Large Cap ETFiShares Core U.S. Aggregate Bond ETFiShares Tr | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 2, 2021 | 53 | $57.9M | iShares TrPacer Trendpilot US Large Cap ETFiShares Core S&P 500 ETF | vs. Q1 2021 | SEC |
| Q1 2021 | May 7, 2021 | 55 | $56.9M | iShares Russell 2000 ETFiShares Core S&P Mid-Cap ETFPacer Trendpilot US Large Cap ETF | – | SEC |