PCHM - Cedar Creek Partners Q4 2023 Results

2024-01-24 01:35:00 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 2.8% in the fourth quarter, and was up 20.3% for 2023, net of fees and expenses.
• Three positions make up about 75% of the expert market exposure – Propel Media is about 13.5% of the fund, PD-Rx Pharmaceuticals is about 9% of the fund, and Pacific Coast Oil Trust is roughly 3.9% of the fund.

Dear Partners and Friends:

The major indices we track all had a phenomenal fourth quarter. The market continued to be led by a small handful of tech companies propelling the NASDAQ to year-to-date returns of 43.4% and the S&P 500 ( SP500 , SPX ) to 26.2%. The Russell 2000 ( RTY ) was up 16.9% and the Russell MicroCap index was up only 9.3% for 2023. Cedar Creek increased by 2.8% in the fourth quarter, and was up 20.3% for 2023, net of fees and expenses. ^[1] ...

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