Red Cedar Investment Management, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 25, 2025), Red Cedar Investment Management, LLC reported 80 stock positions worth $722.8 million. Its top holding was Vanguard Russell 1000 (VONE) at 20.7% of the portfolio, followed by iShares Russell 1000 ETF (IWB, 19.3%) and Vanguard Russell 2000 ETF (VTWO, 5.8%). Compared with Q4 2024, it opened 7 new positions, sold out of 3, added to 8 and reduced 18. The biggest buy was a new position in iShares MSCI Eafe ETF (EFA) and the biggest sale Vanguard Russell 1000 (VONE, shares −13%).

Most Recent 13F
Q2 2026
Location
GRAND RAPIDS, MI
CIK
0001734398
Portfolio Value
$722.8M (Q1 2025)
SEC Filing
0001734398-25-000003 ↗ filed Apr 25, 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 Q4 2024 Q1 2025: $722.8M $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 80 stocks · $722.8M
VONE Vanguard Russell 1000 20.65% 588,023 $149.3M Reduce -12.9%
IWB iShares Russell 1000 ETF 19.26% 453,841 $139.2M Reduce -13.0%
VTWO Vanguard Russell 2000 ETF 5.84% 523,568 $42.2M Reduce -10.3%
IWM iShares Russell 2000 ETF 5.77% 208,901 $41.7M Reduce -9.5%
IEMG iShares Core MSCI Emerging 4.23% 566,921 $30.6M Add +8.1%
EWJ iShares MSCI Japan ETF 3.82% 402,558 $27.6M Reduce -27.6%
SCHF Schwab Intl Equity ETF 2.97% 1,083,666 $21.4M No change
EFA iShares MSCI Eafe ETF 2.88% 254,276 $20.8M New
SCHX Schwab US Large-Cap ETF 2.21% 723,045 $16.0M Reduce -23.1%
SPSB SS SPDR P St C Corp. ETF 2.06% 495,033 $14.9M No change
GDX Vaneck Gold Miners ETF 2.02% 317,318 $14.6M New
AVGO Broadcom Inc. 1.31% 56,575 $9.5M No change
MSFT Microsoft Corp. 1.23% 23,625 $8.9M No change
LLY Eli Lilly & Co. 1.18% 10,334 $8.5M Reduce -1.3%
VOO Vanguard S&P 500 ETF 1.09% 15,282 $7.9M Reduce -13.9%
JPM JPMorgan Chase & Co. 0.96% 28,289 $6.9M No change
MSI Motorola Solutions Inc. 0.96% 15,775 $6.9M No change
ETN Eaton Corp. PLC 0.84% 22,313 $6.1M No change
ABBV Abbvie Inc. 0.79% 27,210 $5.7M No change
PH Parker Hannifin Corp. 0.78% 9,247 $5.6M No change
AMP Ameriprise Financial Inc. 0.70% 10,522 $5.1M No change
QTPI NRTH Squr Rcim Tax-Ad Is ETF filed as EXCHANGE PLACE ADVISORS TRUS 0.69% 200,000 $5.0M No change
META Meta Platforms Inc. Class A 0.66% 8,301 $4.8M No change
MCD McDonald's Corp. 0.61% 14,206 $4.4M No change
HD Home Depot Inc. 0.59% 11,610 $4.3M No change
GSG iShares S&P Gsci Commodity I 0.58% 184,379 $4.2M Reduce -4.5%
COST Costco Wholesale Corp. 0.58% 4,431 $4.2M No change
SO The Southern Co. 0.57% 44,897 $4.1M No change
AGG iShares Core U.S. Aggregate 0.56% 40,848 $4.0M No change
VTHR Vanguard Russell 3000 0.55% 15,982 $3.9M Reduce -6.3%
QCOM Qualcomm Inc. 0.49% 23,105 $3.5M Reduce -18.8%
PAYX Paychex Inc. 0.48% 22,290 $3.4M No change
ADI Analog Devices Inc. 0.47% 16,780 $3.4M Reduce -20.1%
PG The Procter & Gamble Co. 0.46% 19,650 $3.3M No change
BLK BlackRock Inc. 0.46% 3,526 $3.3M Add +91.7%
V Visa Inc. Class A 0.46% 9,461 $3.3M Add +31.1%
MRSH Marsh & McLennan Cos 0.46% 13,578 $3.3M Reduce -22.5%
GLW Corning Inc. 0.44% 68,925 $3.2M Add +91.5%
AEM Agnico Eagle Mines Ltd. 0.40% 26,457 $2.9M New
KGC Kinross Gold Corp. 0.40% 226,811 $2.9M New
AGI Alamos Gold Inc. Class A 0.39% 106,480 $2.8M New
AAPL Apple Inc. 0.37% 11,921 $2.6M No change
IWF iShares Russell 1000 Growth 0.36% 7,298 $2.6M Add +0.1%
SYK Stryker Corp. 0.36% 6,942 $2.6M No change
VTWV Vanguard Russell 2000 Value 0.35% 19,182 $2.6M Add +0.4%
ACN Accenture PLC Class A 0.34% 7,858 $2.5M No change
RTX RTX Corp. 0.31% 17,003 $2.3M Add +67.8%
NEE Nextera Energy Inc. 0.31% 31,342 $2.2M No change
WEC WEC Energy Group Inc. 0.30% 20,045 $2.2M Add +5.5%
WELL Welltower Inc. 0.30% 14,256 $2.2M No change
PNC PNC Financial Services Group 0.29% 12,113 $2.1M No change
SPG Simon Property Group Inc. 0.29% 12,748 $2.1M No change
AXP American Express Co. 0.28% 7,628 $2.1M No change
MDLZ Mondelez International Inc. Class A 0.27% 28,336 $1.9M No change
CVX Chevron Corp. 0.26% 11,342 $1.9M No change
MRK Merck & Co. Inc. 0.26% 21,092 $1.9M Reduce -32.2%
CTAS Cintas Corp. 0.26% 9,124 $1.9M No change
EQIX Equinix Inc. 0.22% 1,948 $1.6M No change
URI United Rentals Inc. 0.21% 2,458 $1.5M No change
XOM Exxon Mobil Corp. 0.21% 12,596 $1.5M No change
LMT Lockheed Martin Corp. 0.20% 3,274 $1.5M Reduce -6.7%
PSX Phillips 66 0.20% 11,596 $1.4M No change
GD General Dynamics Corp. 0.19% 4,980 $1.4M Reduce -38.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.18% 10,727 $1.3M No change
APD Air Products & Chemicals Inc. 0.18% 4,426 $1.3M No change
MAR Marriott International Class A 0.18% 5,369 $1.3M No change
CFG Citizens Financial Group 0.17% 30,612 $1.3M New
MINT PIMCO Enhanced Short Maturit 0.15% 10,843 $1.1M No change
VCSH Vanguard S/T Corp. Bond ETF 0.15% 13,399 $1.1M No change
IGSB iShares 1-5Y Inv Grade Corp. 0.14% 19,907 $1.0M No change
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.14% 31,535 $1.0M No change
MCK McKesson Corp. 0.12% 1,289 $867K New
FPE FT-Preferred Secur & Inc. ETF 0.12% 48,657 $856K No change
BSV Vanguard Short-Term Bond ETF 0.11% 10,560 $827K No change
VLO Valero Energy Corp. 0.10% 5,697 $752K No change
DLR Digital Realty Trust Inc. 0.10% 4,886 $700K No change
PEP Pepsico Inc. 0.06% 2,813 $422K Reduce -73.8%
KO The Coca-Cola Co. 0.05% 4,774 $342K No change
FIS Fidelity National Info Serv 0.04% 3,750 $280K Reduce -82.5%
MPC Marathon Petroleum Corp. 0.03% 1,440 $210K No change

Portfolio Sells Q4 2024 → Q1 2025
VONE Vanguard Russell 1000 Reduce -12.9% 20.65% −1.97
IWB iShares Russell 1000 ETF Reduce -13.0% 19.26% −1.85
IVV iShares Core S&P 500 ETF Sold out 0.00% −1.12
SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −1.05
EWJ iShares MSCI Japan ETF Reduce -27.6% 3.82% −0.87
VTWO Vanguard Russell 2000 ETF Reduce -10.3% 5.84% −0.71
IWM iShares Russell 2000 ETF Reduce -9.5% 5.77% −0.64
SCHX Schwab US Large-Cap ETF Reduce -23.1% 2.21% −0.53
UNH Unitedhealth Group Inc. Sold out 0.00% −0.33
FIS Fidelity National Info Serv Reduce -82.5% 0.04% −0.18
PEP Pepsico Inc. Reduce -73.8% 0.06% −0.15
MRK Merck & Co. Inc. Reduce -32.2% 0.26% −0.13
VOO Vanguard S&P 500 ETF Reduce -13.9% 1.09% −0.12
ADI Analog Devices Inc. Reduce -20.1% 0.47% −0.09
GD General Dynamics Corp. Reduce -38.3% 0.19% −0.08
QCOM Qualcomm Inc. Reduce -18.8% 0.49% −0.06
LMT Lockheed Martin Corp. Reduce -6.7% 0.20% −0.01
VTHR Vanguard Russell 3000 Reduce -6.3% 0.55% −0.01
MRSH Marsh & McLennan Cos Reduce -22.5% 0.46% −0.01
GSG iShares S&P Gsci Commodity I Reduce -4.5% 0.58% +0.05
LLY Eli Lilly & Co. Reduce -1.3% 1.18% +0.17

Portfolio Buys Q4 2024 → Q1 2025
EFA iShares MSCI Eafe ETF New 2.88% +2.88
GDX Vaneck Gold Miners ETF New 2.02% +2.02
IEMG iShares Core MSCI Emerging Add +8.1% 4.23% +0.79
AEM Agnico Eagle Mines Ltd. New 0.40% +0.40
KGC Kinross Gold Corp. New 0.40% +0.40
AGI Alamos Gold Inc. Class A New 0.39% +0.39
BLK BlackRock Inc. Add +91.7% 0.46% +0.22
GLW Corning Inc. Add +91.5% 0.44% +0.22
CFG Citizens Financial Group New 0.17% +0.17
V Visa Inc. Class A Add +31.1% 0.46% +0.17
RTX RTX Corp. Add +67.8% 0.31% +0.16
MCK McKesson Corp. New 0.12% +0.12
WEC WEC Energy Group Inc. Add +5.5% 0.30% +0.08
VTWV Vanguard Russell 2000 Value Add +0.4% 0.35% +0.01
IWF iShares Russell 1000 Growth Add +0.1% 0.36% −0.00

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