ROYTL - Cedar Creek Partners Q1 2024 Results

2024-05-07 23:59:00 ET

Summary

• Cedar Creek Partners is a private investment partnership that focuses primarily on micro and small cap equities. Cedar Creek Partners is managed by Eriksen Capital Management LLC, a registered investment adviser.
• Cedar Creek increased by 2.4% in the first quarter, net of fees and expenses.
• We increased our holdings in ENDI Corp (ENDI) and Saker Aviation (SKAS) along with a couple of other smaller names.

Dear Partners and Friends:

The major indices we track all experienced a strong start to 2024. The market continued to be led by a small handful of tech companies propelling the Nasdaq to Q1 returns of 9.2% and the S&P 500 ( SP500 , SPX ) of 10.4%. Smaller companies lagged once again. The Russell 2000 ( RTY ) was up 5.2% and the Russell MicroCap index was up 4.7%. Cedar Creek increased by 2.4% in the first quarter, net of fees and expenses. ^[1]

While Cedar Creek Partners focuses primarily on microcap stocks, and over-the-counter stocks in particular, we compare our returns against larger indices as well since we believe we need to outperform the most prominent passive benchmarks over time in order to justify our existence....

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