# CEDAR CAPITAL, LLC

> Institutional holdings reported to the SEC as of Q3 2021 on Form 13F. CIK 1666746. Source: https://holderbook.com/funds/1666746-cedar-capital-llc/

- Reported value: $54.9M
- Positions: 54
- Weight of the ten largest: 51.1%
- Filed: 2021-11-01

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| PACER FDS TR | [PTLC](https://holderbook.com/stocks/PTLC/) | $3.9M | 104,197 | 7.2% | 9 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $3.1M | 27,432 | 5.7% | 12 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $3.0M | 30,314 | 5.4% | 12 |
| SPDR SERIES TRUST | [SPAB](https://holderbook.com/stocks/SPAB/) | $3.0M | 99,745 | 5.4% | 4 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $2.9M | 13,321 | 5.3% | 9 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $2.8M | 6,553 | 5.1% | 12 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $2.7M | 53,932 | 5.0% | 4 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $2.6M | 9,813 | 4.7% | 1 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $2.5M | 21,327 | 4.5% | 2 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $1.5M | 13,895 | 2.7% | 12 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $1.3M | 35,959 | 2.4% | 4 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $1.3M | 9,820 | 2.3% | 1 |
| PROSHARES TR | [UWM](https://holderbook.com/stocks/UWM/) | $1.2M | 22,184 | 2.2% | 9 |
| ISHARES TR | [EWU](https://holderbook.com/stocks/EWU/) | $1.2M | 36,790 | 2.2% | 2 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $1.1M | 12,529 | 2.1% | 8 |
| PROSHARES TR | [SSO](https://holderbook.com/stocks/SSO/) | $1.1M | 9,323 | 2.0% | 2 |
| VANGUARD SCOTTSDALE FDS | [VGLT](https://holderbook.com/stocks/VGLT/) | $1.1M | 12,680 | 2.0% | 2 |
| ISHARES INC | [EZU](https://holderbook.com/stocks/EZU/) | $1.1M | 23,010 | 2.0% | 2 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $1.1M | 14,004 | 2.0% | 12 |
| PROSHARES TR | [MVV](https://holderbook.com/stocks/MVV/) | $1.1M | 17,660 | 2.0% | 1 |
| DBX ETF TR | [DBEF](https://holderbook.com/stocks/DBEF/) | $1.0M | 27,537 | 1.9% | 12 |
| ISHARES INC | [EWL](https://holderbook.com/stocks/EWL/) | $957.0K | 20,545 | 1.7% | 3 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $653.0K | 7,584 | 1.2% | 1 |
| ISHARES INC | [EWQ](https://holderbook.com/stocks/EWQ/) | $606.0K | 16,273 | 1.1% | 2 |
| PROSHARES TR | [EFO](https://holderbook.com/stocks/EFO/) | $591.0K | 11,870 | 1.1% | 4 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $584.0K | 13,722 | 1.1% | 3 |
| ISHARES INC | [EPP](https://holderbook.com/stocks/EPP/) | $569.0K | 11,656 | 1.0% | 4 |
| ISHARES INC | [EWC](https://holderbook.com/stocks/EWC/) | $566.0K | 15,583 | 1.0% | 3 |
| SPDR SERIES TRUST | [SPIP](https://holderbook.com/stocks/SPIP/) | $550.0K | 17,698 | 1.0% | 3 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $522.0K | 5,132 | 1.0% | 5 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $521.0K | 3,172 | 0.9% | 5 |
| ISHARES TR | [IYM](https://holderbook.com/stocks/IYM/) | $504.0K | 4,047 | 0.9% | 5 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $461.0K | 8,851 | 0.8% | 5 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $442.0K | 11,776 | 0.8% | 5 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $442.0K | 6,922 | 0.8% | 5 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $440.0K | 6,388 | 0.8% | 6 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $439.0K | 5,543 | 0.8% | 5 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $439.0K | 2,448 | 0.8% | 1 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $437.0K | 4,466 | 0.8% | 5 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $435.0K | 3,421 | 0.8% | 5 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $431.0K | 2,886 | 0.8% | 6 |
| SPDR SERIES TRUST | [SPSB](https://holderbook.com/stocks/SPSB/) | $415.0K | 13,279 | 0.8% | 3 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $329.0K | 6,582 | 0.6% | 10 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $291.0K | 6,835 | 0.5% | 4 |
| CROCS INC | [CROX](https://holderbook.com/stocks/CROX/) | $287.0K | 2,000 | 0.5% | 2 |
| INNOVATOR ETFS TRUST | [BDEC](https://holderbook.com/stocks/BDEC/) | $282.0K | 8,412 | 0.5% | 4 |
| SPDR SERIES TRUST | [SPMD](https://holderbook.com/stocks/SPMD/) | $279.0K | 6,050 | 0.5% | 3 |
| SSGA ACTIVE ETF TR | [SRLN](https://holderbook.com/stocks/SRLN/) | $269.0K | 5,839 | 0.5% | 3 |
| SPDR SERIES TRUST | [SPHY](https://holderbook.com/stocks/SPHY/) | $266.0K | 9,945 | 0.5% | 3 |
| SPDR SERIES TRUST | [EBND](https://holderbook.com/stocks/EBND/) | $254.0K | 10,049 | 0.5% | 3 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $252.0K | 1,973 | 0.5% | 11 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $248.0K | 2,831 | 0.5% | 10 |
| SPDR INDEX SHS FDS | [GWX](https://holderbook.com/stocks/GWX/) | $239.0K | 6,203 | 0.4% | 2 |
| ISHARES INC | [EWG](https://holderbook.com/stocks/EWG/) | $202.0K | 6,133 | 0.4% | 3 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2021 | -1.2% | +0.3% | -1.5% | 99% |
| Q2 2021 | +4.6% | +8.0% | -3.4% | 99% |
| Q1 2021 | +7.3% | +6.0% | +1.3% | 100% |
| Q4 2020 | +14.5% | +11.6% | +2.8% | 100% |
| Q3 2020 | +9.0% | +8.6% | +0.4% | 100% |
| Q2 2020 | +22.2% | +19.6% | +2.6% | 100% |
| Q1 2020 | -21.4% | -19.9% | -1.5% | 100% |
| Q4 2019 | +6.4% | +8.5% | -2.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2021 | $54.9M | 54 |
| Q2 2021 | $57.9M | 53 |
| Q1 2021 | $56.9M | 55 |
| Q4 2020 | $54.9M | 46 |
| Q3 2020 | $302.1M | 173 |
| Q2 2020 | $260.8M | 168 |
| Q1 2020 | $211.5M | 149 |
| Q4 2019 | $217.2M | 178 |
| Q3 2019 | $214.0M | 162 |
| Q2 2019 | $235.0M | 158 |
| Q1 2019 | $226.8M | 156 |
| Q4 2018 | $197.4M | 142 |