Cedrus LLC
- SEC CIK
- 0001992810
- Latest filing
- Oct 18, 2024
The latest 13F from Cedrus LLC covers Q3 2024 (filed Oct 18, 2024): 182 long positions worth $269.9M. The top 10 holdings make up 39.0% of the portfolio, and the largest is Vanguard Morningstar Growth ETF at 5.7%. Livermore has 12 filings on Form 13F from this institution, going back to Q4 2021.
What changed in Q3 2024
Share counts compared with Q2 2024: 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
- 38
- Est. +$21.6M
- Added
- 95
- Est. +$43.5M
- Reduced
- 43
- Est. −$4.03M
- Sold out
- 10
- Est. −$2.56M
Top 5 holdings
Share of this quarter's portfolio value
- Vanguard Morningstar Growth ETF9229087365.7%$15.3M
- First Tr Exchng Traded FD VI33740F8055.6%$15.1M
- First Trust Rising Dividend Achievers ETF33738R5064.8%$12.9M
- First Tr Exchange-Traded FD33733E1044.1%$11.0M
- First Tr Exchange-Traded FD33738D8793.7%$9.94M
Biggest buys
New and added positions, by estimated amount bought
- First Tr Exchange-Traded FD33739Q408+$4.25MAdded
- First Tr Exchng Traded FD VI33740F805+$4.09MAdded
- Vanguard S&P 500 ETF922908363+$3.54MAdded
- Dimensional U.S. Core Equity 2 ETF25434V708+$3.13MNew
- First Trust Rising Dividend Achievers ETF33738R506+$2.86MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- First Tr Exchange-Traded FD33739Q408+1.42 pp0.6% → 2.0%
- Vanguard S&P 500 ETF922908363+1.23 pp0.4% → 1.6%
- Dimensional U.S. Core Equity 2 ETF25434V708+1.16 pp0.0% → 1.2%
- iShares Core S&P U.S. Growth ETF464287671+0.63 pp0.0% → 0.6%
- Invesco Exchange Traded FD T46137V480+0.57 pp0.0% → 0.6%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
Metrics
13F metrics for Q3 2024, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $269.9M
- +$70.0M (+35.0%) vs. prior quarter
- Positions
- 182
- +28 vs. prior quarter
- Top 10 concentration
- 39.0%
- Top 10 as share of value
- Turnover
- 2.8%
- Q3 2024, one quarter
- Average holding period
- 8.9 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 (Q4 2021), so positions held before then are understated.
13F filings by quarter
12 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $269.9M (Q3 2024)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q3 2024 | Oct 18, 2024 | 182 | $269.9M | Vanguard Morningstar Growth ETFFirst Tr Exchng Traded FD VIFirst Trust Rising Dividend Achievers ETF | vs. Q2 2024 | SEC |
| Q2 2024 | Jul 24, 2024 | 154 | $199.9M | Vanguard Morningstar Growth ETFFirst Tr Exchng Traded FD VIFirst Trust Rising Dividend Achievers ETF | vs. Q1 2024 | SEC |
| Q1 2024 | Apr 15, 2024 | 149 | $183.1M | Vanguard Morningstar Growth ETFFirst Trust Rising Dividend Achievers ETFFirst Tr Exchng Traded FD VI | vs. Q4 2023 | SEC |
| Q4 2023 | Jan 26, 2024 | 149 | $161.5M | Vanguard Morningstar Growth ETFFirst Tr Exchng Traded FD VIFirst Trust Rising Dividend Achievers ETF | vs. Q3 2023 | SEC |
| Q3 2023 | Jan 24, 2024 | 138 | $140.6M | Vanguard Morningstar Growth ETFFirst Tr Exchng Traded FD VIFirst Trust Rising Dividend Achievers ETF | vs. Q2 2023 | SEC |
| Q2 2023 | Jan 24, 2024 | 147 | $141.7M | First Trust Rising Dividend Achievers ETFFirst Tr Exchng Traded FD VIVanguard Morningstar Growth ETF | vs. Q1 2023 | SEC |
| Q1 2023 | Jan 24, 2024 | 156 | $142.2M | First Trust Rising Dividend Achievers ETFVanguard Morningstar Growth ETFFirst Tr Exchng Traded FD VI | vs. Q4 2022 | SEC |
| Q4 2022 | Jan 19, 2024 | 149 | $124.2M | First Trust Rising Dividend Achievers ETFVanguard Morningstar Growth ETFFirst Tr Exchng Traded FD VI | vs. Q3 2022 | SEC |
| Q3 2022 | Jan 19, 2024 | 127 | $106.0M | First Tr Exchng Traded FD VIFirst Trust Rising Dividend Achievers ETFVanguard Morningstar Growth ETF | vs. Q2 2022 | SEC |
| Q2 2022 | Jan 19, 2024 | 129 | $102.6M | First Tr Exchng Traded FD VIVanguard Morningstar Growth ETFFirst Trust Rising Dividend Achievers ETF | vs. Q1 2022 | SEC |
| Q1 2022 | Jan 19, 2024 | 146 | $110.9M | First Trust Rising Dividend Achievers ETFVanguard Morningstar Growth ETFState Street SPDR Portfolio Developed World Ex-US ETF | vs. Q4 2021 | SEC |
| Q4 2021 | Jan 19, 2024 | 155 | $103.7M | First Trust Rising Dividend Achievers ETFVanguard Morningstar Growth ETFiShares Russell 2000 ETF | – | SEC |