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Cercano Management Portfolio holdings

AUM $750M
1-Year Est. Return 25.77%
This Fund
S&P 500
This Quarter Est. Return
+14.95%
1 Year Est. Return
+25.77%
3 Year Est. Return
+100.68%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$750M
AUM Growth
-$1.57B
Cap. Flow
-$1.76B
Cap. Flow %
-234.31%
Top 10 Hldgs %
65.26%
Holding
164
New
22
Increased
2
Reduced
45
Closed
32

Top Buys

Rank Stock Value
1
PDO
PIMCO Dynamic Income Opportunities Fund
PDO
+$10.3M
2
VMC icon
Vulcan Materials
VMC
+$5.45M
3
MU icon
Micron Technology
MU
+$5.03M
4
DASH icon
DoorDash
DASH
+$3.95M
5
JAZZ icon
Jazz Pharmaceuticals
JAZZ
+$3.8M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$238M
2
XPO icon
XPO
XPO
+$154M
3
LLY icon
Eli Lilly
LLY
+$135M
4
NVDA icon
NVIDIA
NVDA
+$110M
5
RSP icon
Invesco S&P 500 Equal Weight ETF
RSP
+$106M

Sector Composition

Rank Sector Weight
1 Industrials 44.41%
2 Miscellaneous 20.61%
3 Technology 8.89%
4 Communication Services 7.84%
5 Healthcare 6.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XPO icon
26
XPO
XPO
$22.3B
$5.97M 0.8%
29,081
-727,455
-96% -$154M
VMC icon
27
Vulcan Materials
VMC
$33.9B
$5.6M 0.75%
+18,998
New +$5.45M
INSW icon
28
International Seaways
INSW
$5.11B
$5.6M 0.75%
73,147
– –
IWM icon
29
iShares Russell 2000 ETF
IWM
$81.1B
$5.45M 0.73%
18,137
– –
EWW icon
30
iShares MSCI Mexico ETF
EWW
$1.83B
$4.81M 0.64%
63,900
-175,717
-73% -$13.6M
AVGO icon
31
Broadcom
AVGO
$1.69T
$4.66M 0.62%
12,325
– –
GOOG icon
32
Alphabet (Google) Class C
GOOG
$4.1T
$4.65M 0.62%
13,160
-74,593
-85% -$26.7M
XLV icon
33
State Street Health Care Select Sector SPDR ETF
XLV
$44.1B
$4.49M 0.6%
28,280
-112,596
-80% -$16.8M
DASH icon
34
DoorDash
DASH
$93.1B
$4.42M 0.59%
+23,927
New +$3.95M
EPD icon
35
Enterprise Products Partners
EPD
$83.9B
$4.41M 0.59%
120,021
– –
EWZ icon
36
iShares MSCI Brazil ETF
EWZ
$8.63B
$4.2M 0.56%
121,776
-312,745
-72% -$11.7M
JAZZ icon
37
Jazz Pharmaceuticals
JAZZ
$16B
$4.18M 0.56%
+17,331
New +$3.8M
IBIT icon
38
iShares Bitcoin Trust
IBIT
$61.6B
$3.9M 0.52%
117,140
– –
TRTX
39
TPG RE Finance Trust
TRTX
$607M
$3.36M 0.45%
401,607
– –
MUNI icon
40
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
MUNI
$3.12B
$3.05M 0.41%
57,919
– –
BAC icon
41
Bank of America
BAC
$438B
$2.69M 0.36%
47,170
-102,390
-68% -$5.45M
PWR icon
42
Quanta Services
PWR
$93.3B
$2.66M 0.35%
3,690
-28,975
-89% -$19.8M
JPM icon
43
JPMorgan Chase
JPM
$953B
$2.63M 0.35%
8,022
-20,363
-72% -$6.32M
MDY icon
44
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.5B
$2.56M 0.34%
+3,636
New +$2.43M
COST icon
45
Costco
COST
$407B
$2.33M 0.31%
2,490
-8,138
-77% -$8.11M
CAT icon
46
Caterpillar
CAT
$372B
$2.32M 0.31%
2,180
– –
INDA icon
47
iShares MSCI India ETF
INDA
$6.75B
$2.3M 0.31%
46,470
– –
WMT icon
48
Walmart Inc
WMT
$852B
$2.29M 0.31%
20,219
-39,006
-66% -$4.84M
AMAT icon
49
Applied Materials
AMAT
$359B
$2.09M 0.28%
2,896
– –
HD icon
50
Home Depot
HD
$320B
$2.05M 0.27%
5,826
-17,618
-75% -$5.73M
1
2
3 4 5

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QI
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FIS
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VCM
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TWM
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PFA
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JA
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NFA
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Cercano Management's Q2 2026 Portfolio in Review

As of Q2 2026, Cercano Management held 164 positions worth $750M, down 68% from $2.32B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Cercano Management withdrew a net $1.76B in Q2 2026, closing 32 positions and reducing 45 holdings. Its most notable exit was Charles Schwab, an estimated $36.7M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 44% of assets, up from 29% a quarter earlier, followed by Miscellaneous and Technology.

Against the trend, Cercano Management opened a new position in PIMCO Dynamic Income Opportunities Fund worth $10.4M.

  • Cercano Management's largest Q2 2026 buy was PIMCO Dynamic Income Opportunities Fund: 783,312 shares worth $10.4M.
  • Cercano Management added most to James Hardie Industries in Q2 2026, an estimated $3.25M increase.
  • Cercano Management's biggest Q2 2026 reduction was Microsoft, cutting an estimated $238M.
  • Cercano Management fully exited Charles Schwab in Q2 2026, selling an estimated $36.7M.
  • Cercano Management's ten largest holdings make up 65% of its $750M portfolio in Q2 2026.
  • Cercano Management opened 22 new positions and closed 32 in Q2 2026.
  • Cercano Management's portfolio value fell 68% quarter-over-quarter to $750M.

Based on Cercano Management's 13F filing for Q2 2026, filed 13 Aug 2026.