Cercano Management’s State Street Utilities Select Sector SPDR ETF XLU Stock Holding History

Cercano Management’s Portfolio XLU Stock Details XLU Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-113,376	Closed	-$4.94M	–	167
2025 Q3	$4.94M	Sell	113,376 -376,226	-77%	-$15.9M	0.19%	68
2025 Q2	$20M	Sell	489,602 -195,212	-29%	-$7.78M	0.57%	42
2025 Q1	$27M	Hold	684,814	–	–	0.79%	33
2024 Q4	$25.9M	Buy	+684,814	New	+$27.2M	0.66%	36

Other funds holding XLU

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

MIFH

Migdal Insurance & Financial Holdings Petach Tikva, Israel $11.5B AUM 52.5% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Raymond James Financial St Petersburg, Florida $324B AUM 22.36% 1-Year Est. Return

Ameriprise Minneapolis, Minnesota $432B AUM 30.22% 1-Year Est. Return

Cercano Management's XLU Position: Q4 2025 in Review

Cercano Management sold out of State Street Utilities Select Sector SPDR ETF (XLU) in Q4 2025, closing a stake of 113,376 shares — an estimated $4.94M sold.

Cercano Management first reported a position in XLU in Q4 2024 and held it in 4 quarters. The position peaked at $27M in Q1 2025. 1,525 funds tracked by Wall St. Rank hold XLU as of Q4 2025.

Cercano Management reported no remaining State Street Utilities Select Sector SPDR ETF position as of Q4 2025 after selling out during the quarter.
Cercano Management sold 113,376 State Street Utilities Select Sector SPDR ETF shares in Q4 2025, an estimated $4.94M.
Cercano Management first reported a position in State Street Utilities Select Sector SPDR ETF in Q4 2024 and held it in 4 quarters.
Cercano Management's State Street Utilities Select Sector SPDR ETF position peaked at $27M in Q1 2025.
1,525 funds tracked by Wall St. Rank held State Street Utilities Select Sector SPDR ETF as of Q4 2025.

Based on Cercano Management's 13F filing for Q4 2025, filed 10 Feb 2026.