Cedrus LLC

Adviser

CIK

1992810

Location

Littleton, CO

Portfolio Value

Small $268,003,045

Diversification

Diversified

Filing Date

Global Rank

#4,550 / 7,447 ▲ 617 · as of Sep 2024

Top Industry

Consumer Electronics 8.8%

Period ended 2 years ago

Filed Oct 18, 2024 · 2y

12 quarters · since Dec 2021

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Adviser

Schedule 13G, Feb 5, 2024

Schedule 13D/13G stakes

Stakes of 5% or more disclosed on Schedule 13D or 13G, each on the filer's latest filing for the security. These are event-dated stakes, not the quarter-end 13F portfolio below.

Company	Schedule	Event date	Filed	Shares	% of class	Change	Status
LDSF now AIRR First Trust Exchange-Traded Fund VI	13G	Dec 31, 2023	2y	414,620	6.6%	—	Unconfirmed since Dec 31, 2023

A 13D or 13G stays in force until its filer amends it and no amendment is due without a material change, so a stake with no filing in 24 months reads unconfirmed, never sold. An amendment reporting under 5% ends the filer's duty to amend, not necessarily the holding. Shares are restated onto today's split basis.

Portfolio style

Measured from the filed 13F common-share book for Sep 30, 2024, never from the firm's own description.

Style

Concentrated

The top 10 positions are 69.6% of the book (60%+)

Turnover

Low turnover

17.1% over the last four quarters (under 30%)

Horizon

Medium horizon

Value-weighted holding period 8.9 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 75.8%; sector active share 69.9% against the combined 13F book's sector weights.

Over time 12 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

182 tracked positions · as of Sep 30, 2024 · Δ vs Jun 30, 2024

Top Position

14.3%

+0.2 pts

Top 5

49.6%

+4.0 pts

Top 10

69.6%

+1.6 pts

HHI

629

Diversified+45

Portfolio Trend

12 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2024

Sector	% Portfolio	Value	Positions
Unclassified	82.0%	$219,782,852	99
Technology	4.6%	$12,431,075	11
Consumer Cyclical	2.6%	$6,982,734	12
Financial Services	2.4%	$6,317,526	13
Communication Services	2.0%	$5,291,815	8
Industrials	1.5%	$3,946,115	8
Healthcare	1.4%	$3,655,361	11
Consumer Defensive	1.3%	$3,576,992	5
Energy	1.3%	$3,509,213	6
Utilities	0.7%	$2,008,723	7
Real Estate	0.1%	$266,978	1
Basic Materials	0.1%	$233,661	1

Last Quarter's Activity

Export CSV

Sep 30, 2024 vs Jun 30, 2024

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
FIXD	First Trust Smith Opportunistic Fixed Income ETF	+90,364	333,069	$15,068,041
FTSM	First Trust Enhanced Short Maturity ETF	+71,040	91,173	$5,458,527
LDSF	First Trust Exchange-Traded Fund VI	+65,677	512,084	$9,811,529
RDVY	First Trust Rising Dividend Achievers ETF	+48,355	217,793	$12,895,523
LGOV	First Trust Long Duration Opportunities ETF	+46,820	99,265	$2,223,536
FPE	First Trust Preferred Securities and Income ETF	+34,699	164,212	$2,972,237
BUFR	FT Vest Laddered Buffer ETF	+29,224	45,095	$1,347,889
FTHI	First Trust BuyWrite Income ETF	+29,102	55,858	$1,285,851
RDVI	FT Vest Rising Dividend Achievers Target Income ETF	+27,085	403,556	$9,943,619
LMBS	First Trust Low Duration Opportunities ETF	+24,207	48,529	$2,397,817
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	+19,071	197,311	$7,411,001
DNL	WisdomTree Global ex-U.S. Quality Growth Fund	+18,070	203,241	$8,007,695
FTCS	First Trust Capital Strength ETF	+14,756	121,070	$10,993,156
SDVY	First Trust SMID Cap Rising Dividend Achievers ETF	+13,475	69,552	$2,530,301
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	+13,339	21,843	$1,116,614
KNG	FT Vest S&P 500 Dividend Aristocrats Target Income ETF	+12,987	31,447	$1,713,232
VCIT	VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND	+11,879	14,785	$1,238,243
PTLC	Pacer Trendpilot US Large Cap ETF	+10,993	15,825	$831,603
VEA	Vanguard FTSE Developed Markets ETF	+9,897	14,071	$743,089
SPEM	State Street(R) SPDR(R) Portfolio Emerging Markets ETF	+9,888	87,915	$3,629,131
XSOE	WisdomTree Emerging Markets ex-State-Owned Enterprises Fund	+9,199	106,393	$3,514,160
VO	VANGUARD MID-CAP INDEX FUND	+8,460	26,937	$7,106,788
IMCG	iShares Morningstar Mid-Cap Growth ETF	+7,982	103,508	$7,552,978
EIPX	FT Energy Income Partners Strategy ETF	+7,543	38,282	$925,658
FVD	First Trust Value Line Dividend Index Fund	+7,498	16,208	$737,301
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
T	At&T Inc.	−9,096	17,991	$395,802
F	Ford Motor Co	−6,853	11,324	$119,581
FITB	Fifth Third Bancorp	−4,448	5,666	$242,731
WMB	Williams Companies, Inc.	−3,854	5,399	$246,464
CFG	Citizens Financial Group Inc	−3,797	5,636	$231,470
IP	International Paper Co	−3,634	5,186	$253,336
BNY	Bank of New York Mellon Corp	−3,327	10,693	$768,398
VZ	Verizon Communications Inc	−3,171	7,967	$357,797
SLV	iShares Silver Trust	−2,300	15,719	$446,576
AEP	American Electric Power Co Inc	−2,243	2,910	$298,566
KO	Coca Cola Co	−2,071	4,811	$345,718
D	Dominion Energy, Inc	−1,804	3,952	$228,386
MET	Metlife Inc	−1,737	2,875	$237,130
SRE	Sempra	−1,322	2,491	$208,322
ETR	Entergy Corp	−1,311	1,859	$244,662
DUK	Duke Energy CORP	−1,240	3,122	$359,966
SCHX	Schwab U.S. Large-Cap ETF	−1,198	4,129	$280,153
FDIV	MarketDesk Focused U.S. Dividend ETF	−1,124	5,765	$166,827
FTLS	First Trust Long/Short Equity ETF	−1,098	13,178	$836,407
MRK	Merck & Co., Inc.	−1,032	1,869	$212,243
C	Citigroup Inc	−962	4,184	$261,918
IBM	International Business Machines Corp	−716	1,157	$255,789
ESGU	iShares ESG Aware MSCI USA ETF	−647	3,239	$408,697
PEG	Public Service Enterprise Group Inc	−642	3,057	$272,714
PG	PROCTER & GAMBLE Co	−522	1,191	$206,281
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
DFAC	Dimensional U.S. Core Equity 2 ETF	91,243	$3,128,722
IUSG	iShares Core S&P U.S. Growth ETF	12,810	$1,689,767
XSVM	Victory Portfolios II	28,055	$1,542,744
FICS	First Trust International Developed Capital Strength ETF	27,469	$1,029,538
IJH	iShares Core S&P Mid-Cap ETF	14,202	$885,068
PSP	Victory Portfolios II	11,272	$768,975
XSEP	FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September	18,029	$691,700
OMFS	Invesco Russell 2000 Dynamic Multifactor ETF	16,756	$662,699
SCHD	Schwab U.S. Dividend Equity ETF	7,298	$616,900
QUAL	iShares MSCI USA Quality Factor ETF	3,056	$547,940
BUFD	FT Vest Laddered Deep Buffer ETF	21,552	$539,662
HYLS	First Trust Tactical High Yield ETF	11,848	$497,142
IUSV	iShares Core S&P U.S. Value ETF	4,773	$455,773
DFSD	Dimensional Short-Duration Fixed Income ETF	9,151	$436,868
FYX	First Trust Small Cap Core AlphaDEX Fund	4,374	$435,344
TDVI	FT Vest Technology Dividend Target Income ETF	17,310	$432,576
DFCF	Dimensional Core Fixed Income ETF	9,774	$422,139
IWM	iShares Russell 2000 ETF	1,886	$416,598
FNX	First Trust Mid Cap Core AlphaDEX Fund	3,353	$392,803
XJUL	FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July	10,867	$379,660
EMB	iShares J.P. Morgan USD Emerging Markets Bond ETF	3,694	$345,684
RSPN	Victory Portfolios II	6,508	$333,274
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	2,523	$323,448
SBUX	Starbucks Corp	3,092	$301,439
FTQI	First Trust Nasdaq BuyWrite Income ETF	14,622	$299,458
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
CINF	Cincinnati Financial Corp	2,628	$310,366
SPHQ	Invesco S&P 500 Quality ETF	4,739	$301,116
USB	US Bancorp De	7,458	$296,082
LYB	LyondellBasell Industries N.V.	3,024	$289,275
FE	Firstenergy Corp	7,023	$268,770
NI	Nisource Inc.	8,027	$231,257
RF	Regions Financial Corp	11,383	$228,115
GPC	Genuine Parts Co	1,610	$222,695
QCOM	Qualcomm Inc	1,069	$212,923
HYMB	State Street(R) SPDR Nuveen ICE High Yield Municipal Bond ETF	8,028	$204,232
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

182 tracked positions · $268,003,045 total · filing declares 182 positions · $269,870,421 · as of Sep 30, 2024

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 182 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
VUG	VANGUARD GROWTH INDEX FUND	Added	39,833	+3,050	$15,293,075	+11.2%	12	before history	5.71%
FIXD	First Trust Smith Opportunistic Fixed Income ETF	Added	333,069	+90,364	$15,068,041	+44.2%	9	unpriced	5.62%
RDVY	First Trust Rising Dividend Achievers ETF	Added	217,793	+48,355	$12,895,523	+39.0%	12	before history	4.81%
FTCS	First Trust Capital Strength ETF	Added	121,070	+14,756	$10,993,156	+23.0%	12	before history	4.10%
RDVI	FT Vest Rising Dividend Achievers Target Income ETF	Added	403,556	+27,085	$9,943,619	+13.0%	6	$22.41	3.71%
LDSF	First Trust Exchange-Traded Fund VI	Added	512,084	+65,677	$9,811,529	+17.6%	10	$18.89	3.66%
MGV	VANGUARD MORNINGSTAR MEGA CAP VALUE INDEX FUND	Added	63,602	+4,751	$8,158,864	+17.0%	10	unpriced	3.04%
DNL	WisdomTree Global ex-U.S. Quality Growth Fund	Added	203,241	+18,070	$8,007,695	+10.7%	10	unpriced	2.99%
IMCG	iShares Morningstar Mid-Cap Growth ETF	Added	103,508	+7,982	$7,552,978	+16.7%	12	before history	2.82%
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	Added	197,311	+19,071	$7,411,001	+18.5%	12	before history	2.77%
VO	VANGUARD MID-CAP INDEX FUND	Added	26,937	+8,460	$7,106,788	+58.9%	10	unpriced	2.65%
FTSM	First Trust Enhanced Short Maturity ETF	Added	91,173	+71,040	$5,458,527	+354.9%	12	before history	2.04%
TLH	iShares 10-20 Year Treasury Bond ETF	Added	46,957	+5,699	$5,133,808	+21.2%	5	unpriced	1.92%
VTV	VANGUARD VALUE INDEX FUND	Added	28,600	+1,163	$4,992,702	+13.4%	12	before history	1.86%
SCHA	Schwab U.S. Small-Cap ETF	Added	91,116	+5,702	$4,692,474	+15.8%	12	before history	1.75%
VOO	VANGUARD 500 INDEX FUND	Added	8,114	+6,706	$4,281,514	+508.0%	8	unpriced	1.60%
AAPL	Apple Inc. Technology	Added	18,256	+757	$4,253,648	+15.4%	12	before history	1.59%
CALF	Pacer US Small Cap Cash Cows 100 ETF	Added	90,682	+6,555	$4,218,526	+15.1%	7	$43.38	1.57%
SPEM	State Street(R) SPDR(R) Portfolio Emerging Markets ETF	Added	87,915	+9,888	$3,629,131	+23.5%	12	before history	1.35%
XSOE	WisdomTree Emerging Markets ex-State-Owned Enterprises Fund	Added	106,393	+9,199	$3,514,160	+18.0%	12	before history	1.31%
FDL	First Trust Morningstar Dividend Leaders Index Fund	Added	76,482	+5,703	$3,208,419	+19.5%	7	$36.13	1.20%
DFAC	Dimensional U.S. Core Equity 2 ETF	NEW	91,243	NEW	$3,128,722	NEW	1	$33.03	1.17%
FPE	First Trust Preferred Securities and Income ETF	Added	164,212	+34,699	$2,972,237	+32.2%	12	before history	1.11%
MSFT	Microsoft Corp Technology	Added	6,534	+1,295	$2,811,580	+20.1%	12	before history	1.05%
NVDA	Nvidia Corp Technology	Added	21,792	+361	$2,646,420	−0.0%	7	unpriced	0.99%
SDVY	First Trust SMID Cap Rising Dividend Achievers ETF	Added	69,552	+13,475	$2,530,301	+35.2%	7	$29.91	0.94%
FEMS	First Trust Exchange-Traded Fund II	Added	61,574	+7,059	$2,529,459	+14.3%	7	$38.51	0.94%
LMBS	First Trust Low Duration Opportunities ETF	Added	48,529	+24,207	$2,397,817	+105.2%	7	$48.41	0.89%
VBK	VANGUARD SMALL-CAP GROWTH INDEX FUND	Added	8,508	+553	$2,274,783	+14.3%	10	unpriced	0.85%
LGOV	First Trust Long Duration Opportunities ETF	Added	99,265	+46,820	$2,223,536	+101.6%	3	$21.60	0.83%
AMZN	Amazon Com Inc Consumer Cyclical	Added	11,811	+694	$2,200,743	+2.4%	12	before history	0.82%
QQQ	Invesco Qqq Trust, Series 1	Added	4,328	+2,787	$2,112,366	+186.1%	12	before history	0.79%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	6,980	+4,118	$1,976,456	+158.2%	12	before history	0.74%
KNG	FT Vest S&P 500 Dividend Aristocrats Target Income ETF	Added	31,447	+12,987	$1,713,232	+83.7%	4	$51.28	0.64%
IUSG	iShares Core S&P U.S. Growth ETF	NEW	12,810	NEW	$1,689,767	NEW	1	unpriced	0.63%
XSVM	Victory Portfolios II	NEW	28,055	NEW	$1,542,744	NEW	1	$54.63	0.58%
FSTA	Fidelity MSCI Consumer Staples Index ETF	Added	28,824	+5,276	$1,471,465	+31.8%	7	$45.52	0.55%
COST	Costco Wholesale Corp Consumer Defensive	Reduced	1,593	-95	$1,412,226	−1.6%	12	before history	0.53%
XOM	ExxonMobil Holdings Corp Energy	Added	12,034	+1,289	$1,410,625	+14.0%	12	before history	0.53%
BUFR	FT Vest Laddered Buffer ETF	Added	45,095	+29,224	$1,347,889	+193.7%	2	unpriced	0.50%
FTHI	First Trust BuyWrite Income ETF	Added	55,858	+29,102	$1,285,851	+113.9%	3	$22.38	0.48%
SGOV	iShares 0-3 Month Treasury Bond ETF	Added	12,762	+1,533	$1,285,388	+13.7%	3	unpriced	0.48%
FHLC	Fidelity MSCI Health Care Index ETF	Added	17,411	+3,227	$1,267,520	+30.3%	5	$64.81	0.47%
NFLX	Netflix Inc Communication Services	Added	1,781	+15	$1,263,209	+6.0%	12	before history	0.47%
VCIT	VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND	Added	14,785	+11,879	$1,238,243	+433.1%	5	$81.35	0.46%
GOOGL	Alphabet Inc. Communication Services	Added	7,382	+1,064	$1,224,304	+6.4%	12	before history	0.46%
		Added	18,892	+3,090	$1,118,973	+25.5%	8	$46.73	0.42%
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	Added	21,843	+13,339	$1,116,614	+162.0%	4	$50.05	0.42%
HD	Home Depot, Inc. Consumer Cyclical	Added	2,680	+32	$1,085,936	+19.1%	12	before history	0.41%
VOT	VANGUARD MID-CAP GROWTH INDEX FUND	Added	4,449	+981	$1,083,198	+36.1%	3	unpriced	0.40%

Showing the top 50 of 182 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.