Cedar Brook Partners 13F annual report
Cedar Brook Partners is an investment fund managing more than $13.3 billion ran by William Glubiak. There are currently 28 companies in Mr. Glubiak’s portfolio. The largest investments include Microsoft and NVIDIA Corp, together worth $3.63 billion.
$13.3 billion Assets Under Management (AUM)
As of 8th July 2024, Cedar Brook Partners’s top holding is 4,176 shares of Microsoft currently worth over $1.87 billion and making up 14.0% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Cedar Brook Partners owns more than approximately 0.1% of the company.
In addition, the fund holds 14,313 shares of NVIDIA Corp worth $1.77 billion, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Apple Inc worth $1.29 billion and the next is Amazon.com worth $1.02 billion, with 5,256 shares owned.
Currently, Cedar Brook Partners's portfolio is worth at least $13.3 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Cedar Brook Partners
The Cedar Brook Partners office and employees reside in Cleveland, Ohio. According to the last 13-F report filed with the SEC, William Glubiak serves as the Chief Executive Officer/Chief Compliance Officer at Cedar Brook Partners.
Recent trades
In the most recent 13F filing, Cedar Brook Partners revealed that it had increased its stake in
NVIDIA Corp and bought 9,231 additional shares worth around $1 million.
This means they effectively own approximately 0.1% of the company.
NVIDIA Corp makes up
28.7%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
On the other hand, there are companies that Cedar Brook Partners is getting rid of from its portfolio.
Cedar Brook Partners closed its position in Ishares Tr on 15th July 2024.
It sold the previously owned 1,103,254 shares for $89.5 billion.
William Glubiak also disclosed a decreased stake in Microsoft by 0.8%.
This leaves the value of the investment at $1.87 billion and 4,176 shares.
One of the smallest hedge funds
The two most similar investment funds to Cedar Brook Partners are Polar Capital LL.P. and Cubist Systematic Strategies. They manage $13.2 billion and $13.5 billion respectively.
William Glubiak investment strategy
Cedar Brook Partners’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Technology — making up 46.3% of
the total portfolio value.
The fund focuses on investments in the United States as
64.3% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
68% of the total holdings value.
On the other hand, small-cap stocks make up only 7.1% of the portfolio.
The average market cap of the portfolio companies is close to $460 billion.
The complete list of Cedar Brook Partners trades based on 13F SEC filings
These positions were updated on July 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Ishares Tr |
Closed
1,103,254
|
$89,473,332,000 | |
| Schwab Strategic Tr |
Closed
677,654
|
$40,040,989,000 | |
| Spdr S&p 500 Etf Tr |
Closed
20,208
|
$10,570,442,000 | |
| Vanguard Index Fds |
Closed
190,058
|
$38,504,485,000 | |
| Vanguard Tax-managed Fds |
Closed
185,483
|
$9,305,668,000 | |
| Vanguard Specialized Funds |
Closed
41,783
|
$7,629,970,000 | |
| First Tr Value Line Divid In |
Closed
118,333
|
$4,997,204,000 | |
| Capital Group Dividend Value |
Closed
147,986
|
$4,809,534,000 | |
| VanEck ETF Trust |
Closed
171,977
|
$8,315,532,000 | |
| First Tr Exchange-traded Fd |
Closed
174,593
|
$13,385,644,000 | |
| Vanguard Intl Equity Index F |
Closed
116,036
|
$5,440,229,000 | |
| Ishares Inc |
Closed
196,827
|
$9,656,240,000 | |
| Invesco Exchange Traded Fd T |
Closed
137,904
|
$8,125,705,000 | |
| Capital Group Gbl Growth Eqt |
Closed
131,970
|
$3,800,743,000 | |
| Siren Etf Tr |
Closed
87,334
|
$3,618,364,000 | |
| CSX Corp. |
Closed
91,286
|
$3,383,984,000 | |
| Capital Group Growth Etf |
Closed
102,690
|
$3,285,063,000 | |
| Vanguard World Fd |
Closed
26,743
|
$6,374,340,000 | |
| Vanguard Charlotte Fds |
Closed
59,833
|
$2,943,182,000 | |
| Prologis Inc |
Closed
22,000
|
$2,864,893,000 | |
| Lincoln Elec Hldgs Inc |
Closed
11,211
|
$2,863,739,000 | |
| Vanguard Star Fds |
Closed
47,044
|
$2,836,762,000 | |
| Vanguard Scottsdale Fds |
Closed
72,357
|
$5,633,017,000 | |
| Eaton Corp Plc |
Closed
8,341
|
$2,608,064,000 | |
| Vanguard Whitehall Fds |
Closed
61,966
|
$5,522,066,000 | |
| Pimco Etf Tr |
Closed
26,863
|
$2,673,799,000 | |
| First Tr Exchange Traded Fd |
Closed
68,039
|
$4,128,132,000 | |
| Wisdomtree Tr |
Closed
38,815
|
$2,318,257,000 | |
| Microsoft Corporation |
78.63%
4,176
|
$1,866,463,000 | 14.04% |
| Capital Group Core Equity Et |
Closed
56,751
|
$1,768,374,000 | |
| NVIDIA Corp |
181.64%
14,313
|
$1,768,228,000 | 13.30% |
| J P Morgan Exchange Traded F |
Closed
53,942
|
$3,311,327,000 | |
| Northrop Grumman Corp. |
Closed
3,621
|
$1,733,310,000 | |
| Coinbase Global Inc |
Closed
6,467
|
$1,714,531,000 | |
| Capital Group Intl Focus Eqt |
Closed
65,032
|
$1,676,532,000 | |
| Spdr Ser Tr |
Closed
146,754
|
$5,658,333,000 | |
| Costco Whsl Corp New |
Closed
2,091
|
$1,531,725,000 | |
| Aflac Inc. |
Closed
17,254
|
$1,481,458,000 | |
| Pacer Fds Tr |
Closed
141,003
|
$5,547,615,000 | |
| Tesla Inc |
Closed
8,035
|
$1,412,532,000 | |
| First Tr Exch Traded Fd Iii |
Closed
27,018
|
$1,623,330,000 | |
| First Tr Exchng Traded Fd Vi |
Closed
99,260
|
$4,112,056,000 | |
| Apple Inc |
94.27%
6,139
|
$1,292,996,000 | 9.73% |
| Keurig Dr Pepper Inc |
Closed
41,676
|
$1,278,203,000 | |
| Schwab Charles Family Fd |
Closed
1,254,874
|
$1,254,874,000 | |
| Chevron Corp. |
Closed
7,451
|
$1,175,306,000 | |
| Mastercard Incorporated |
Closed
2,361
|
$1,136,765,000 | |
| T Rowe Price Etf Inc |
Closed
29,374
|
$1,116,208,000 | |
| Intuit Inc |
Closed
1,670
|
$1,085,500,000 | |
| Blackrock Mun Income Tr |
Closed
102,706
|
$1,060,948,000 | |
| First Tr Nasdaq 100 Tech Ind |
Closed
5,534
|
$1,055,271,000 | |
| Amazon.com Inc. |
83.50%
5,256
|
$1,015,722,000 | 7.64% |
| Parker-Hannifin Corp. |
Closed
1,779
|
$988,792,000 | |
| Mcdonalds Corp |
Closed
3,502
|
$987,320,000 | |
| Innovator ETFs Trust |
Closed
99,543
|
$3,485,205,000 | |
| Philip Morris International Inc |
Closed
10,383
|
$951,327,000 | |
| Asml Holding N V |
Closed
965
|
$936,504,000 | |
| Disney Walt Co |
Closed
7,492
|
$916,732,000 | |
| Tfs Finl Corp |
Closed
72,398
|
$909,323,000 | |
| Spdr Index Shs Fds |
Closed
24,204
|
$875,960,000 | |
| Procter And Gamble Co |
Closed
5,382
|
$873,269,000 | |
| Oracle Corp. |
Closed
6,756
|
$848,621,000 | |
| Novo-nordisk A S |
Closed
6,472
|
$831,005,000 | |
| Pnc Finl Svcs Group Inc |
Closed
5,049
|
$815,962,000 | |
| Meta Platforms Inc |
47.69%
1,610
|
$811,794,000 | 6.11% |
| Vanguard Mun Bd Fds |
Closed
15,567
|
$787,675,000 | |
| Home Depot, Inc. |
Closed
2,029
|
$778,321,000 | |
| Abbvie Inc |
Closed
4,051
|
$737,709,000 | |
| Goldman Sachs Group, Inc. |
Closed
1,762
|
$735,880,000 | |
| Caterpillar Inc. |
Closed
1,897
|
$695,235,000 | |
| Alphabet Inc |
87.50%
5,167
|
$942,893,000 | 7.09% |
| Dimensional Etf Trust |
Closed
37,251
|
$1,209,370,000 | |
| Litman Gregory Fds Tr |
Closed
23,885
|
$685,035,000 | |
| General Electric Co |
Closed
3,884
|
$681,673,000 | |
| Abbott Labs |
Closed
5,721
|
$650,281,000 | |
| Honeywell International Inc |
Closed
3,065
|
$629,011,000 | |
| Pepsico Inc |
Closed
3,538
|
$619,209,000 | |
| Invesco Exch Traded Fd Tr Ii |
Closed
21,932
|
$1,667,474,000 | |
| Huntington Bancshares, Inc. |
Closed
44,069
|
$614,760,000 | |
| Bristol-Myers Squibb Co. |
Closed
11,250
|
$610,084,000 | |
| Marriott Intl Inc New |
Closed
2,397
|
$604,907,000 | |
| Thermo Fisher Scientific Inc. |
Closed
1,035
|
$601,532,000 | |
| Lowes Cos Inc |
Closed
2,327
|
$592,770,000 | |
| Conocophillips |
Closed
4,649
|
$591,716,000 | |
| RTX Corp |
Closed
5,979
|
$583,123,000 | |
| Select Sector Spdr Tr |
Closed
9,662
|
$1,116,569,000 | |
| Danaher Corp. |
Closed
2,239
|
$559,151,000 | |
| Vanguard Malvern Fds |
Closed
11,630
|
$556,949,000 | |
| First Tr Exch Trd Alphdx Fd |
Closed
31,195
|
$815,580,000 | |
| Fortune Brands Innovations I |
Closed
6,466
|
$547,448,000 | |
| Listed Fd Tr |
Closed
25,795
|
$534,730,000 | |
| Qualcomm, Inc. |
Closed
3,123
|
$528,787,000 | |
| Davis Fundamental Etf Tr |
Closed
26,855
|
$518,037,000 | |
| L3Harris Technologies Inc |
Closed
2,358
|
$502,505,000 | |
| Fidelity Covington Trust |
Closed
11,819
|
$501,370,000 | |
| Comcast Corp New |
Closed
11,165
|
$483,996,000 | |
| TotalEnergies SE |
Closed
6,881
|
$473,619,000 | |
| AT&T Inc. |
Closed
26,875
|
$472,998,000 | |
| Schwab Charles Corp |
Closed
6,511
|
$471,006,000 | |
| First Tr Lrg Cp Vl Alphadex |
Closed
6,119
|
$467,365,000 | |
| Valero Energy Corp. |
Closed
2,722
|
$464,692,000 | |
| Illinois Tool Wks Inc |
Closed
1,723
|
$462,352,000 | |
| Alibaba Group Hldg Ltd |
Closed
6,319
|
$457,243,000 | |
| American Express Co. |
Closed
1,978
|
$450,390,000 | |
| Salesforce Inc |
Closed
1,482
|
$446,349,000 | |
| Texas Instrs Inc |
Closed
2,527
|
$440,229,000 | |
| Starbucks Corp. |
Closed
4,783
|
$437,140,000 | |
| KLA Corp. |
Closed
621
|
$433,812,000 | |
| Nuveen Municipal Credit Inc |
Closed
35,359
|
$432,796,000 | |
| Carrier Global Corporation |
Closed
7,340
|
$426,654,000 | |
| First Tr Lrge Cp Core Alpha |
Closed
4,288
|
$425,576,000 | |
| Wells Fargo Co New |
Closed
7,282
|
$422,092,000 | |
| NextEra Energy Inc |
Closed
6,601
|
$421,881,000 | |
| Vanguard Bd Index Fds |
Closed
9,513
|
$722,389,000 | |
| Intel Corp. |
Closed
9,418
|
$416,001,000 | |
| Lockheed Martin Corp. |
Closed
913
|
$415,227,000 | |
| Marathon Pete Corp |
Closed
2,059
|
$414,971,000 | |
| CME Group Inc |
Closed
1,909
|
$411,035,000 | |
| Dbx Etf Tr |
Closed
9,987
|
$408,772,000 | |
| Fedex Corp |
Closed
1,403
|
$406,505,000 | |
| BP plc |
Closed
10,716
|
$403,779,000 | |
| Hilton Worldwide Holdings Inc |
Closed
1,892
|
$403,585,000 | |
| Ppg Inds Inc |
Closed
2,742
|
$397,289,000 | |
| Ametek Inc |
Closed
2,151
|
$393,364,000 | |
| Delta Air Lines, Inc. |
Closed
8,186
|
$391,870,000 | |
| Spdr Gold Tr |
Closed
1,903
|
$391,485,000 | |
| Diageo plc |
Closed
2,631
|
$391,297,000 | |
| Verizon Communications Inc |
Closed
9,273
|
$389,097,000 | |
| Pfizer Inc. |
Closed
13,958
|
$387,337,000 | |
| Equinix Inc |
Closed
469
|
$387,080,000 | |
| Ross Stores, Inc. |
Closed
2,593
|
$380,549,000 | |
| Medtronic Plc |
Closed
4,354
|
$379,451,000 | |
| Trane Technologies plc |
Closed
1,256
|
$377,051,000 | |
| Keycorp |
Closed
23,579
|
$372,777,000 | |
| Truist Finl Corp |
Closed
9,504
|
$370,466,000 | |
| Stryker Corp. |
Closed
1,027
|
$367,474,000 | |
| Eli Lilly & Co |
73.90%
404
|
$365,774,000 | 2.75% |
| AMGEN Inc. |
Closed
1,285
|
$365,491,000 | |
| Kroger Co. |
Closed
6,357
|
$363,150,000 | |
| Ryanair Holdings Plc |
Closed
2,485
|
$361,791,000 | |
| Uber Technologies Inc |
Closed
4,663
|
$359,004,000 | |
| Norwegian Cruise Line Hldg L |
Closed
17,100
|
$357,903,000 | |
| Legg Mason Etf Invt |
Closed
11,967
|
$356,369,000 | |
| CVS Health Corp |
Closed
4,461
|
$355,833,000 | |
| Progressive Corp. |
81.16%
1,689
|
$350,822,000 | 2.64% |
| Cisco Sys Inc |
Closed
7,024
|
$350,556,000 | |
| Ford Mtr Co Del |
Closed
26,392
|
$350,486,000 | |
| TC Energy Corporation |
Closed
8,600
|
$345,720,000 | |
| Union Pac Corp |
Closed
1,405
|
$345,532,000 | |
| Target Corp |
Closed
1,949
|
$345,460,000 | |
| PPL Corp |
Closed
12,488
|
$343,802,000 | |
| Inventrust Pptys Corp |
Closed
13,363
|
$343,563,000 | |
| American Centy Etf Tr |
Closed
5,134
|
$338,125,000 | |
| Visa Inc |
68.33%
1,273
|
$334,124,000 | 2.51% |
| Schlumberger Ltd. |
Closed
5,890
|
$322,831,000 | |
| Global X Fds |
Closed
34,677
|
$792,857,000 | |
| Dollar Gen Corp New |
Closed
2,032
|
$317,114,000 | |
| Bank America Corp |
Closed
8,341
|
$316,293,000 | |
| Tjx Cos Inc New |
Closed
3,099
|
$314,305,000 | |
| ESSA Bancorp Inc |
Closed
17,072
|
$311,226,000 | |
| Phillips 66 |
Closed
1,891
|
$308,851,000 | |
| Broadcom Inc. |
85.96%
191
|
$306,656,000 | 2.31% |
| RELX Plc |
Closed
7,033
|
$304,459,000 | |
| Boeing Co. |
Closed
1,574
|
$303,844,000 | |
| Vanguard Admiral Fds Inc |
Closed
1,682
|
$303,598,000 | |
| West Pharmaceutical Svsc Inc |
Closed
766
|
$303,114,000 | |
| Marsh & McLennan Cos., Inc. |
Closed
1,463
|
$301,349,000 | |
| MercadoLibre Inc |
Closed
199
|
$300,880,000 | |
| Vanguard Wellington Fd |
Closed
2,367
|
$300,341,000 | |
| Duke Energy Corp. |
Closed
3,094
|
$299,249,000 | |
| Vanguard Bd Index Fds |
76.28%
4,130
|
$297,567,000 | 2.24% |
| British Amern Tob Plc |
Closed
9,747
|
$297,284,000 | |
| EBay Inc. |
Closed
5,601
|
$295,621,000 | |
| Automatic Data Processing In |
25.38%
1,232
|
$294,066,000 | 2.21% |
| Morgan Stanley |
Closed
3,075
|
$289,542,000 | |
| Baxter International Inc. |
Closed
6,767
|
$289,233,000 | |
| Advanced Micro Devices Inc. |
Closed
1,592
|
$287,340,000 | |
| Analog Devices Inc. |
Closed
1,429
|
$282,642,000 | |
| Johnson & Johnson |
81.48%
1,893
|
$276,681,000 | 2.08% |
| HCI Group Inc |
Closed
2,372
|
$275,342,000 | |
| Anheuser-Busch InBev SA/NV |
Closed
4,527
|
$275,151,000 | |
| Berkshire Hathaway Inc. |
94.48%
673
|
$273,776,000 | 2.06% |
| Coca-Cola Co |
Closed
4,434
|
$271,301,000 | |
| Prudential Finl Inc |
Closed
2,288
|
$268,572,000 | |
| Canadian Pacific Kansas City |
Closed
3,034
|
$267,508,000 | |
| Spdr Dow Jones Indl Average |
Closed
665
|
$264,514,000 | |
| Centerpoint Energy Inc. |
Closed
9,217
|
$262,592,000 | |
| Sap SE |
71.73%
1,294
|
$261,013,000 | 1.96% |
| Yum Brands Inc. |
Closed
1,858
|
$257,612,000 | |
| Zoetis Inc |
Closed
1,517
|
$256,692,000 | |
| Vici Pptys Inc |
Closed
8,595
|
$256,045,000 | |
| Aon plc. |
Closed
762
|
$254,295,000 | |
| Waste Mgmt Inc Del |
Closed
1,178
|
$251,083,000 | |
| Exxon Mobil Corp. |
74.55%
2,178
|
$250,731,000 | 1.89% |
| Linde Plc. |
Closed
539
|
$250,268,000 | |
| KKR & Co. Inc |
Closed
2,488
|
$250,243,000 | |
| Mckesson Corporation |
Closed
465
|
$249,498,000 | |
| American Intl Group Inc |
Closed
3,188
|
$249,206,000 | |
| Site Ctrs Corp |
Closed
16,947
|
$248,274,000 | |
| Victory Portfolios II |
Closed
6,137
|
$451,725,000 | |
| Taiwan Semiconductor Mfg Ltd |
79.02%
1,417
|
$246,289,000 | 1.85% |
| JPMorgan Chase & Co. |
93.12%
1,213
|
$245,341,000 | 1.85% |
| Ark Etf Tr |
Closed
4,866
|
$243,709,000 | |
| Deere & Co. |
Closed
588
|
$241,515,000 | |
| Nike, Inc. |
Closed
2,551
|
$239,735,000 | |
| Equitrans Midstream Corporation |
Closed
19,116
|
$238,753,000 | |
| Albemarle Corp. |
Closed
1,811
|
$238,581,000 | |
| Blackstone Inc |
Closed
1,798
|
$236,203,000 | |
| Transdigm Group Incorporated |
69.79%
184
|
$235,080,000 | 1.77% |
| Goldman Sachs Etf Tr |
Closed
3,194
|
$232,541,000 | |
| First Tr Morningstar Divid L |
Closed
6,006
|
$231,093,000 | |
| Paychex Inc. |
Closed
1,878
|
$230,618,000 | |
| Royal Caribbean Group |
Closed
1,654
|
$229,923,000 | |
| Kinder Morgan Inc |
Closed
12,413
|
$227,651,000 | |
| Nuveen Pennsylvania Qlt Mun |
Closed
19,243
|
$227,452,000 | |
| Cleveland-Cliffs Inc |
Closed
9,965
|
$226,593,000 | |
| Capital Grp Fixed Incm Etf T |
Closed
8,334
|
$225,354,000 | |
| Constellation Energy Corp |
Closed
1,219
|
$225,332,000 | |
| ServiceNow Inc |
Closed
293
|
$223,383,000 | |
| Merck & Co Inc |
69.52%
1,792
|
$221,850,000 | 1.67% |
| Broadridge Finl Solutions In |
Closed
1,081
|
$221,454,000 | |
| Royal Gold, Inc. |
Closed
1,805
|
$219,918,000 | |
| Godaddy Inc |
Closed
1,852
|
$219,795,000 | |
| Unitedhealth Group Inc |
86.64%
427
|
$217,454,000 | 1.64% |
| Advisorshares Tr |
Closed
21,708
|
$217,298,000 | |
| Crowdstrike Holdings Inc |
Closed
677
|
$217,039,000 | |
| Astrazeneca plc |
77.69%
2,770
|
$216,032,000 | 1.63% |
| Carters Inc |
Closed
2,541
|
$215,172,000 | |
| Flexshares Tr |
Closed
2,808
|
$211,850,000 | |
| International Business Machs |
85.17%
1,223
|
$211,518,000 | 1.59% |
| Heico Corp. |
Closed
1,366
|
$210,282,000 | |
| Netflix Inc. |
51.10%
310
|
$209,213,000 | 1.57% |
| Shell Plc |
47.04%
2,884
|
$208,167,000 | 1.57% |
| Air Prods & Chems Inc |
Closed
855
|
$207,240,000 | |
| Eog Res Inc |
Closed
1,615
|
$206,462,000 | |
| Pimco Mun Income Fd Ii |
Closed
24,264
|
$206,240,000 | |
| Applied Matls Inc |
20.20%
873
|
$206,019,000 | 1.55% |
| Adobe Inc |
59.80%
363
|
$201,661,000 | 1.52% |
| Citigroup Inc |
Closed
3,185
|
$201,431,000 | |
| Fs Kkr Cap Corp |
Closed
10,472
|
$199,706,000 | |
| AbCellera Biologics Inc. |
Closed
39,668
|
$179,696,000 | |
| Xenia Hotels & Resorts Inc |
Closed
11,633
|
$174,611,000 | |
| Barclays plc |
0.07%
15,470
|
$165,684,000 | 1.25% |
| Federated Hermes Prem Muni I |
Closed
13,947
|
$154,393,000 | |
| Inovio Pharmaceuticals Inc |
Closed
10,876
|
$150,959,000 | |
| Amplify Etf Tr |
Closed
35,256
|
$147,369,000 | |
| Vale S.A. |
Closed
11,243
|
$137,052,000 | |
| Transocean Ltd |
Closed
19,000
|
$119,320,000 | |
| Warner Bros.Discovery Inc |
Closed
13,667
|
$119,313,000 | |
| Bny Mellon Strategic Mun Bd |
Closed
15,768
|
$92,400,000 | |
| Desktop Metal, Inc. |
Closed
51,861
|
$45,638,000 | |
| Tilray Brands Inc |
Closed
12,884
|
$31,823,000 | |
| Solid Power Inc |
Closed
13,500
|
$27,405,000 | |
| Allbirds Inc |
Closed
10,644
|
$7,388,000 | |
| No transactions found | |||
| Showing first 500 out of 254 holdings | |||
Hedge funds similar to Cedar Brook Partners
- Tpg (sbs) Advisors
- Acon Equity Management, L.L.C
- Mn Services Vermogensbeheer B.v
- Numeric Investors
- Key Square Capital Management
- Prime Movers Lab
- Cubist Systematic Strategies
- Polar Capital LL.P.
- Equitec Proprietary Markets
- Hernani L.P.
- Societe Generale
- Highland Management Partners 9
- Amalgamated
- Valliance Asset Management Ltd