Red Cedar Investment Management, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 30, 2025), Red Cedar Investment Management, LLC reported 76 stock positions worth $795.9 million. Its top holding was Vanguard Russell 1000 (VONE) at 22.6% of the portfolio, followed by iShares Russell 1000 ETF (IWB, 21.1%) and Vanguard Russell 2000 ETF (VTWO, 6.6%). Compared with Q3 2024, it opened 6 new positions, sold out of 8, added to 12 and reduced 23. The biggest buy was iShares Russell 2000 ETF (IWM, shares +32%) and the biggest sale SS SPDR P St C Corp. ETF (SPSB, shares −45%).

Most Recent 13F
Q2 2026
Location
GRAND RAPIDS, MI
CIK
0001734398
Portfolio Value
$795.9M (Q4 2024)
SEC Filing
0001734398-25-000001 ↗ filed Jan 30, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $801.4M Q1 2024 Q2 2024: $733.4M Q2 2024 Q3 2024: $788.4M Q3 2024 Q4 2024: $795.9M $795.9M Q4 2024 Q1 2025: $722.8M Q1 2025 Q2 2025: $792.1M Q2 2025 Q3 2025: $853.1M Q3 2025 Q4 2025: $925.7M Q4 2025 Q1 2026: $964.5M Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 76 stocks · $795.9M
VONE Vanguard Russell 1000 22.62% 675,069 $180.1M Reduce -0.6%
IWB iShares Russell 1000 ETF 21.11% 521,578 $168.0M Reduce -1.1%
VTWO Vanguard Russell 2000 ETF 6.55% 583,944 $52.2M Add +26.4%
IWM iShares Russell 2000 ETF 6.41% 230,795 $51.0M Add +32.1%
EWJ iShares MSCI Japan ETF 4.69% 556,296 $37.3M Add +15.5%
IEMG iShares Core MSCI Emerging 3.44% 524,626 $27.4M Add +34.2%
SCHX Schwab US Large-Cap ETF 2.74% 940,905 $21.8M No change
SCHF Schwab Intl Equity ETF 2.52% 1,083,666 $20.0M Add +2.2%
SPSB SS SPDR P St C Corp. ETF 1.86% 495,033 $14.8M Reduce -44.6%
AVGO Broadcom Inc. 1.65% 56,575 $13.1M Reduce -13.0%
MSFT Microsoft Corp. 1.25% 23,625 $10.0M Reduce -17.5%
VOO Vanguard S&P 500 ETF 1.20% 17,758 $9.6M Add +7.3%
IVV iShares Core S&P 500 ETF 1.12% 15,130 $8.9M No change
SPY SS SPDR S&P 500 ETF Trust-US 1.05% 14,250 $8.4M No change
LLY Eli Lilly & Co. 1.02% 10,469 $8.1M No change
ETN Eaton Corp. PLC 0.93% 22,313 $7.4M Reduce -12.9%
MSI Motorola Solutions Inc. 0.92% 15,775 $7.3M No change
JPM JPMorgan Chase & Co. 0.85% 28,289 $6.8M No change
PH Parker Hannifin Corp. 0.74% 9,247 $5.9M Reduce -15.9%
AMP Ameriprise Financial Inc. 0.70% 10,522 $5.6M No change
QTPI NRTH Squr Rcim Tax-Ad Is ETF filed as EXCHANGE PLACE ADVIS 0.63% 200,000 $5.0M New
META Meta Platforms Inc. Class A 0.61% 8,301 $4.9M No change
ABBV Abbvie Inc. 0.61% 27,210 $4.8M Reduce -24.3%
HD Home Depot Inc. 0.57% 11,610 $4.5M No change
ADI Analog Devices Inc. 0.56% 20,994 $4.5M No change
VTHR Vanguard Russell 3000 0.56% 17,047 $4.4M Add +3.9%
QCOM Qualcomm Inc. 0.55% 28,436 $4.4M No change
GSG iShares S&P Gsci Commodity I 0.53% 193,083 $4.2M Reduce -5.8%
MCD McDonald's Corp. 0.52% 14,206 $4.1M No change
COST Costco Wholesale Corp. 0.51% 4,431 $4.1M No change
AGG iShares Core U.S. Aggregate 0.50% 40,848 $4.0M No change
MRSH Marsh & McLennan Cos 0.47% 17,521 $3.7M No change
SO The Southern Co. 0.46% 44,897 $3.7M No change
PG The Procter & Gamble Co. 0.41% 19,650 $3.3M Add +67.5%
PAYX Paychex Inc. 0.39% 22,290 $3.1M Add +3.4%
MRK Merck & Co. Inc. 0.39% 31,096 $3.1M Reduce -19.4%
AAPL Apple Inc. 0.38% 11,921 $3.0M No change
IWF iShares Russell 1000 Growth 0.37% 7,290 $2.9M Reduce -35.5%
ACN Accenture PLC Class A 0.35% 7,858 $2.8M No change
VTWV Vanguard Russell 2000 Value 0.35% 19,109 $2.8M Reduce -32.9%
UNH Unitedhealth Group Inc. 0.33% 5,195 $2.6M No change
SYK Stryker Corp. 0.31% 6,942 $2.5M No change
PNC PNC Financial Services Group 0.29% 12,113 $2.3M Add +103.8%
V Visa Inc. Class A 0.29% 7,214 $2.3M No change
AXP American Express Co. 0.28% 7,628 $2.3M Add +11.6%
NEE Nextera Energy Inc. 0.28% 31,342 $2.2M No change
SPG Simon Property Group Inc. 0.28% 12,748 $2.2M Reduce -27.5%
GD General Dynamics Corp. 0.27% 8,076 $2.1M No change
BLK BlackRock Inc. 0.24% 1,839 $1.9M New
EQIX Equinix Inc. 0.23% 1,948 $1.8M Reduce -39.4%
WELL Welltower Inc. 0.23% 14,256 $1.8M Reduce -38.0%
WEC WEC Energy Group Inc. 0.22% 18,993 $1.8M No change
FIS Fidelity National Info Serv 0.22% 21,469 $1.7M Reduce -37.7%
URI United Rentals Inc. 0.22% 2,458 $1.7M Reduce -36.0%
GLW Corning Inc. 0.21% 35,989 $1.7M New
LMT Lockheed Martin Corp. 0.21% 3,508 $1.7M Add +5.0%
MDLZ Mondelez International Inc. Class A 0.21% 28,336 $1.7M No change
CTAS Cintas Corp. 0.21% 9,124 $1.7M No change
CVX Chevron Corp. 0.21% 11,342 $1.6M Reduce -47.2%
PEP Pepsico Inc. 0.21% 10,743 $1.6M Reduce -5.8%
MAR Marriott International Class A 0.19% 5,369 $1.5M New
XOM Exxon Mobil Corp. 0.17% 12,596 $1.4M New
PSX Phillips 66 0.17% 11,596 $1.3M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.16% 10,727 $1.3M No change
APD Air Products & Chemicals Inc. 0.16% 4,426 $1.3M No change
RTX RTX Corp. 0.15% 10,136 $1.2M New
MINT PIMCO Enhanced Short Maturit 0.14% 10,843 $1.1M No change
VCSH Vanguard S/T Corp. Bond ETF 0.13% 13,399 $1.0M No change
IGSB iShares 1-5Y Inv Grade Corp. 0.13% 19,907 $1.0M No change
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.12% 31,535 $921K Reduce -47.9%
DLR Digital Realty Trust Inc. 0.11% 4,886 $866K Reduce -35.1%
FPE FT-Preferred Secur & Inc. ETF 0.11% 48,657 $861K No change
BSV Vanguard Short-Term Bond ETF 0.10% 10,560 $816K No change
VLO Valero Energy Corp. 0.09% 5,697 $698K Reduce -65.2%
KO The Coca-Cola Co. 0.04% 4,774 $297K Reduce -66.7%
MPC Marathon Petroleum Corp. 0.03% 1,440 $201K No change

Portfolio Sells Q3 2024 → Q4 2024
SPSB SS SPDR P St C Corp. ETF Reduce -44.6% 1.86% −1.57
MSFT Microsoft Corp. Reduce -17.5% 1.25% −0.31
ABBV Abbvie Inc. Reduce -24.3% 0.61% −0.29
CVX Chevron Corp. Reduce -47.2% 0.21% −0.20
VLO Valero Energy Corp. Reduce -65.2% 0.09% −0.19
EMN Eastman Chemical Co. Sold out 0.00% −0.19
VTWV Vanguard Russell 2000 Value Reduce -32.9% 0.35% −0.18
URI United Rentals Inc. Reduce -36.0% 0.22% −0.18
IWF iShares Russell 1000 Growth Reduce -35.5% 0.37% −0.17
MRK Merck & Co. Inc. Reduce -19.4% 0.39% −0.17
NEM Newmont Corp. Sold out 0.00% −0.16
O Realty Income Corp. Sold out 0.00% −0.16
WPM Wheaton Precious Metals Corp. Sold out 0.00% −0.16
PLD Prologis Inc. Sold out 0.00% −0.16
AEM Agnico Eagle Mines Ltd. Sold out 0.00% −0.15
WM Waste Management Inc. Sold out 0.00% −0.15
FIS Fidelity National Info Serv Reduce -37.7% 0.22% −0.15
WELL Welltower Inc. Reduce -38.0% 0.23% −0.15
ETN Eaton Corp. PLC Reduce -12.9% 0.93% −0.15
PH Parker Hannifin Corp. Reduce -15.9% 0.74% −0.14
AGI Alamos Gold Inc. Class A Sold out 0.00% −0.14
VICI Vici Properties Inc. Reduce -47.9% 0.12% −0.14
KO The Coca-Cola Co. Reduce -66.7% 0.04% −0.09
DLR Digital Realty Trust Inc. Reduce -35.1% 0.11% −0.05
PEP Pepsico Inc. Reduce -5.8% 0.21% −0.04
GSG iShares S&P Gsci Commodity I Reduce -5.8% 0.53% −0.02
EQIX Equinix Inc. Reduce -39.4% 0.23% +0.01
SPG Simon Property Group Inc. Reduce -27.5% 0.28% +0.03
IWB iShares Russell 1000 ETF Reduce -1.1% 21.11% +0.08
AVGO Broadcom Inc. Reduce -13.0% 1.65% +0.23
VONE Vanguard Russell 1000 Reduce -0.6% 22.62% +0.23

Portfolio Buys Q3 2024 → Q4 2024
IWM iShares Russell 2000 ETF Add +32.1% 6.41% +1.51
VTWO Vanguard Russell 2000 ETF Add +26.4% 6.55% +1.32
QTPI NRTH Squr Rcim Tax-Ad Is ETF New 0.63% +0.63
IEMG iShares Core MSCI Emerging Add +34.2% 3.44% +0.60
EWJ iShares MSCI Japan ETF Add +15.5% 4.69% +0.32
BLK BlackRock Inc. New 0.24% +0.24
GLW Corning Inc. New 0.21% +0.21
MAR Marriott International Class A New 0.19% +0.19
XOM Exxon Mobil Corp. New 0.17% +0.17
PG The Procter & Gamble Co. Add +67.5% 0.41% +0.16
PNC PNC Financial Services Group Add +103.8% 0.29% +0.15
RTX RTX Corp. New 0.15% +0.15
VOO Vanguard S&P 500 ETF Add +7.3% 1.20% +0.09
AXP American Express Co. Add +11.6% 0.28% +0.05
VTHR Vanguard Russell 3000 Add +3.9% 0.56% +0.03
PAYX Paychex Inc. Add +3.4% 0.39% +0.03
LMT Lockheed Martin Corp. Add +5.0% 0.21% −0.03
SCHF Schwab Intl Equity ETF Add +2.2% 2.52% −0.25

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 89$1.1BVONE, IWB, IJH, IEMG, EWJ
Q1 2026 91$964.5MVONE, IWB, IJH, IEMG, AGG
Q4 2025 86$925.7MVONE, IWB, IJH, IEMG, EWJ
Q3 2025 82$853.1MVONE, IWB, IJH, IEMG, EWJ
Q2 2025 81$792.1MVONE, IWB, IJH, IEMG, EWJ
Q1 2025 80$722.8MVONE, IWB, VTWO, IWM, IEMG
Q4 2024 76$795.9MVONE, IWB, VTWO, IWM, EWJ
Q3 2024 78$788.4MVONE, IWB, VTWO, IWM, EWJ
Q2 2024 76$733.4MVONE, IWB, VTWO, IWM, EWJ
Q1 2024 83$801.4MVONE, IWB, VTWO, IWM, EWJ