Cedar Creek Partners 2024 Results

2025-02-11 05:10:00 ET

Summary

• Cedar Creek’s average annual return over our 19 year history is 14.0%, net of fees and expenses, which compares favorably to all the indices we compare against.
• We started the quarter with cash levels at 3% and ended the quarter at 8% largely due to new money coming into the fund and a couple of holdings being acquired.
• The fund was recently notified by Unkar that they plan to close operations as of the end of 2024. We have changed our administrator to Fleming Fund Services as of January 2025.

Dear Partners and Friends:

Stock markets in 2024 continued to be led by the NASDAQ and a few major tech stocks. For the year, the NASDAQ rose 28.6% and the S&P500 (SPY) rose 24.9%. Other indices we track posted double-digit returns. Cedar Creek was up 5.2% on the year, 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. While we fell short of the major indices in 2024 we like the way the portfolio is constructed and believe we can generate solid returns in the coming years....

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