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Cercano Management Portfolio holdings

AUM $2.32B
1-Year Est. Return 30.12%
This Fund
S&P 500
This Quarter Est. Return
+0.15%
1 Year Est. Return
+30.12%
3 Year Est. Return
+102.51%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2.32B
AUM Growth
-$326M
Cap. Flow
-$296M
Cap. Flow %
-12.78%
Top 10 Hldgs %
56.29%
Holding
158
New
12
Increased
15
Reduced
37
Closed
16

Top Buys

Rank Stock Value
1
NFLX icon
Netflix
NFLX
+$53.6M
2
RSP icon
Invesco S&P 500 Equal Weight ETF
RSP
+$41M
3
BLDR icon
Builders FirstSource
BLDR
+$35.8M
4
MSFT icon
Microsoft
MSFT
+$27.4M
5
COF icon
Capital One
COF
+$16.5M

Top Sells

Rank Stock Value
1
XPO icon
XPO
XPO
+$213M
2
QXO
QXO Inc
QXO
+$137M
3
PANW icon
Palo Alto Networks
PANW
+$35.2M
4
IAU icon
iShares Gold Trust
IAU
+$22.3M
5
UNP icon
Union Pacific
UNP
+$18.6M

Sector Composition

Rank Sector Weight
1 Industrials 29.1%
2 Technology 16.49%
3 Healthcare 8.7%
4 Communication Services 8.5%
5 Financials 8.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
V icon
26
Visa
V
$682B
$23.4M 1.01%
77,438
+399
+0.5% +$128K
IAU icon
27
iShares Gold Trust
IAU
$62.4B
$22.4M 0.97%
254,300
-243,222
-49% -$22.3M
SPGI icon
28
S&P Global
SPGI
$133B
$22.1M 0.96%
52,035
– –
XLK icon
29
State Street Technology Select Sector SPDR ETF
XLK
$114B
$21.5M 0.93%
162,055
+63,607
+65% +$8.96M
BA icon
30
Boeing
BA
$169B
$21.5M 0.93%
107,941
+16,939
+19% +$3.86M
XLV icon
31
State Street Health Care Select Sector SPDR ETF
XLV
$41.4B
$20.7M 0.89%
140,876
+89,357
+173% +$13.8M
TIC
32
TIC Solutions Inc
TIC
$1.51B
$19.1M 0.82%
2,902,230
– –
LIN icon
33
Linde
LIN
$237B
$18.1M 0.78%
36,423
-485
-1% -$229K
EWW icon
34
iShares MSCI Mexico ETF
EWW
$1.87B
$18M 0.78%
239,617
– –
PWR icon
35
Quanta Services
PWR
$94.3B
$17.9M 0.77%
32,665
-397
-1% -$204K
EWZ icon
36
iShares MSCI Brazil ETF
EWZ
$9.1B
$16.7M 0.72%
434,521
-56,459
-11% -$2.06M
APO icon
37
Apollo Global Management
APO
$69.5B
$16.4M 0.71%
147,599
– –
EWY icon
38
iShares MSCI South Korea ETF
EWY
$19.3B
$16.3M 0.71%
132,765
– –
AAPL icon
39
Apple
AAPL
$4.9T
$16.2M 0.7%
63,885
-962
-1% -$250K
SHW icon
40
Sherwin-Williams
SHW
$81.7B
$15.8M 0.68%
49,183
-16,609
-25% -$5.72M
LRCX icon
41
Lam Research
LRCX
$392B
$15.3M 0.66%
71,531
-829
-1% -$185K
VTV icon
42
Vanguard Value ETF
VTV
$186B
$13.6M 0.59%
69,120
– –
DNLI icon
43
Denali Therapeutics
DNLI
$3.7B
$12M 0.52%
625,000
– –
COST icon
44
Costco
COST
$417B
$10.6M 0.46%
10,628
-6,511
-38% -$6.34M
FLKR icon
45
Franklin FTSE South Korea ETF
FLKR
$1.09B
$10.5M 0.45%
263,694
– –
SPYD icon
46
State Street SPDR Portfolio S&P 500 High Dividend ETF
SPYD
$7.62B
$9.92M 0.43%
217,913
– –
SHM icon
47
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.48B
$9.88M 0.43%
206,569
-107,633
-34% -$5.19M
AGG icon
48
iShares Core US Aggregate Bond ETF
AGG
$139B
$9.84M 0.42%
99,128
-52,442
-35% -$5.25M
VNQ icon
49
Vanguard Real Estate ETF
VNQ
$39.6B
$9.42M 0.41%
+106,191
New +$9.74M
XLE icon
50
State Street Energy Select Sector SPDR ETF
XLE
$38.2B
$9.11M 0.39%
148,672
– –
1
2
3 4 5

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NDSIB
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Cercano Management's Q1 2026 Portfolio in Review

As of Q1 2026, Cercano Management held 158 positions worth $2.32B, down 12% from $2.64B the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Cercano Management withdrew a net $296M in Q1 2026, closing 16 positions and reducing 37 holdings. Its most notable exit was Palo Alto Networks, an estimated $35.2M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 29% of assets, down from 33% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Cercano Management opened a new position in Vanguard Real Estate ETF worth $9.42M.

  • Cercano Management's largest Q1 2026 buy was Vanguard Real Estate ETF: 106,191 shares worth $9.42M.
  • Cercano Management added most to Netflix in Q1 2026, an estimated $53.6M increase.
  • Cercano Management's biggest Q1 2026 reduction was XPO, cutting an estimated $213M.
  • Cercano Management fully exited Palo Alto Networks in Q1 2026, selling an estimated $35.2M.
  • Cercano Management's ten largest holdings make up 56% of its $2.32B portfolio in Q1 2026.
  • Cercano Management opened 12 new positions and closed 16 in Q1 2026.
  • Cercano Management's portfolio value fell 12% quarter-over-quarter to $2.32B.

Based on Cercano Management's 13F filing for Q1 2026, filed 13 May 2026.