Cedar Creek

Dec 2024 → Jul 2026 · Publishes monthly · 3 funds

Our archive holds 10 letters from Cedar Creek, behind 8 investment theses and positions in 12 companies. Every quote below is copied verbatim from the letter it came from.

Cedar Creek’s own letters page

Letters

Companies

Moves

Theses

What they bought and sold · 6 moves

ExitedFirst IC Corporation
July 2026
“Closed December 2025.”
Read the letter
TrimmedPD-Rx Pharmaceuticals
June 2026
“PD-Rx Pharmaceuticals has been shrinking as a position.”
Read the letter
AddedExco Resources
June 2026
“We purchased for $17.83 per share in late 2025,”
Read the letter
AddedHarbor Diversified
June 2026
“We began accumulating shares of Harbor Diversified after its December 18, 2025, announcement that the company was selling its Air Wisconsin subsidiary and all related aircraft in three separate deals for aggregate consideration of $113 million.”
Read the letter
ExitedPharmChem
June 2026
“With the sale of PharmChem in 2025 there is only one such holding in the fund at present.”
Read the letter
New positionQueen City Investments
June 2026
“Queen City Investments (otc: QUCT) is a position the fund re-entered after attending their annual meeting in 2025.”
Read the letter

Companies held · 12

Every company Cedar Creek has disclosed a position in across our archive, with the letter that last mentioned it.

Theses · 8

Exco Resources
June 2026
Exco Resources is a natural gas E&P company with low valuation, modest debt, and significant upside to a sale value.
Read the full thesis
PHI Group
March 2026
PHI Group is a leading helicopter services provider that improved margins post-bankruptcy and appears undervalued versus peers.
Read the full thesis
Steele Bancorp
March 2026
Steele Bancorp is a merged Pennsylvania community bank showing strong synergies, high cash earnings, and a low valuation multiple.
Read the full thesis
Harbor Diversified
March 2026
Harbor Diversified is a cash-rich holding after selling Air Wisconsin, trading well below estimated net cash with catalysts from strategic alternatives.
Read the full thesis
ENDI Corp
March 2026
ENDI Corp owns CrossingBridge Advisors with growing AUM, solid financials, and potential product launches supporting continued value growth.
Read the full thesis
ENDI Corp
December 2025
ENDI Corp is an asset management platform with strong AUM growth, high adjusted margins, solid cash and EBITDA, and accounting noise that understates underlying economics.
Read the full thesis
Skyline Bankshares
March 2025
Skyline Bankshares is a community bank with growth potential after acquiring another bank, currently trading at $12.50 per share despite recent earnings declines, with a projected fair value of $25 per share.
Read the full thesis
Western Capital
December 2024
Western Capital is a holding company that has significantly reduced its share count while owning diverse assets, including 270 Cricket wireless stores and generating increasing cash earnings, positioning it as a compelling investment opportunity at a low valuation relative to earnings.
Read the full thesis

Letter archive · 10

2026

2025

2024

Dec 2024Cedar Creek

Funds · 3

Cedar Creek6
Cedar Creek Partners2
Cedar Creek Partners (Eriksen Capital Management)2

Get Cedar Creek’s next letter the day it lands

We track Cedar Creek alongside hundreds of other managers, read every letter, and pull out what they bought and sold. Warren AI reads the whole archive for you.

View plans→

Share this fund