Red Cedar Investment Management portfolio

What changed this quarter

33 positions with a change (7 new, 7 added to, 16 trimmed, 3 sold). 5 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Ishares−4.5 ppof portfolioSold out
  4.5% → —
• iShares 7-10 Year Treasury B ETF+2.3 ppof portfolioNew
  — → 2.3%
• State Street SPDR P St C Corp ETF−39%fewer sharesReduced
  2.1% → 1.3%
• Exxon Mobil−0.6 ppof portfolioSold out
  0.6% → —
• WEC Energy Group+0.5 ppof portfolioNew
  — → 0.5%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• Vanguard Russell 1000 ETFVONE16.9%
• iShares Russell 1000 ETFIWB15.2%
• iShares Core S&P Midcap ETFIJH5.6%
• IsharesEWJ3.6%
• Schwab International Equity ETFSCHF2.8%
• iShares Core U.s. Aggregate ETFAGG2.6%
• iShares Msci Eafe ETFEFA2.6%
• iShares 7-10 Year Treasury B ETFIEF2.3%
• Vanguard Russell 2000 ETFVTWO2.2%
• Schwab US Large-cap ETFSCHX1.9%
• Vaneck ETF TrustGDX1.8%
• State Street Energy Select Sector ETFXLE1.7%
• SPDR Gold Shares ETFGLD1.7%
• iShares Latin America 40 ETFILF1.6%
• Global X Copper Miners ETFCOPX1.6%
• iShares Silver Trust ETFSLV1.4%
• Vaneck ETF TrustOIH1.4%
• iShares Russell 2000 ETFIWM1.3%
• State Street SPDR P St C Corp ETFSPSB1.3%
• MicrosoftMSFT1.2%
• Vanguard S&P 500 ETFVOO1.1%
• BroadcomAVGO1.1%
• Exchange Place Advisors TrusQTPI1.1%
• Eli LillyLLY1.0%
• Vaneck ETF TrustEMLC1.0%
• JPMorgan ChaseJPM0.9%
• SouthernSO(bond)0.8%
• CorningGLW0.8%
• ChevronCVX0.8%
• WEC Energy GroupWEC(bond)0.7%
• RTXRTX0.7%
• Cisco SystemsCSCO0.7%
• EatonETN0.7%
• AbbVieABBV0.7%
• State Str Spdr S&P 500 ETF TSPY0.7%
• Parker-hannifinPH0.7%
• Analog DevicesADI0.6%
• Valero EnergyVLO0.6%
• Johnson & JohnsonJNJ0.6%
• Phillips 66PSX0.6%
• WelltowerWELL0.6%
• Citizens Financial GroupCFG0.5%
• Alliant Energy(bond)0.5%
• SLBSLB0.5%
• Motorola SolutionsMSI0.5%
• Vanguard Russell 3000 ETFVTHR0.5%
• Goldman Sachs GroupGS0.4%
• AlphabetGOOGL0.4%
• MerckMRK0.4%
• Costco WholesaleCOST0.4%
• Nextera EnergyNEE0.4%
• Marriott InternationalMAR0.4%
• AppleAAPL0.4%
• FedExFDX0.4%
• Texas InstrumentsTXN0.3%
• Vanguard Index FundsVO0.3%
• Ameriprise FinancialAMP0.3%
• General DynamicsGD0.3%
• Home DepotHD0.3%
• UnitedHealth GroupUNH0.3%
• Agnico Eagle MinesAEM0.3%
• Alamos GoldAGI0.3%
• ConocoPhillipsCOP0.3%
• BHP GroupBHP0.3%
• TransoceanRIG0.3%
• Procter & GamblePG0.3%
• TJXTJX0.3%
• HalliburtonHAL0.3%
• PNC Financial Services GroupPNC0.3%
• Kinross GoldKGC0.3%
• Simon Property GroupSPG0.2%
• McDONALD’SMCD0.2%
• McKESSONMCK0.2%
• CME GroupCME0.2%
• HersheyHSY0.2%
• Mondelez InternationalMDLZ0.2%
• American ExpressAXP0.1%
• BlackRockBLK0.1%
• QualcommQCOM0.1%
• Illinois Tool WorksITW0.1%
• Air Products and ChemicalsAPD0.1%
• TargetTGT0.1%
• StarbucksSBUX0.1%
• CintasCTAS0.1%
• Digital Realty TrustDLR0.1%
• Vanguard Short-term Bond ETFBSV0.1%
• Marathon PetroleumMPC0.1%
• Vanguard S/t Corp Bond ETFVCSH0.1%
• Coca-ColaKOunder 0.1%
• PepsicoPEPunder 0.1%
• Lockheed MartinLMTunder 0.1%
• PaychexPAYXunder 0.1%