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Cercano Management Portfolio holdings
AUM
$750M
Turnover
32.93%
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
(-68%)
Cap. Flow
-$1.76B
Cap. Flow % of AUM
Cap. Flow %
-234.31%
Top 10 Holdings %
Top 10 Hldgs %
65.26%
Holding
164
New
22
Increased
2
Reduced
45
Closed
32
Avg Time Held
Equity + Options
1.5
years
Top 10 Avg Time Held
Equity + Options
1.1
years
Top 20 Avg Time Held
Equity + Options
1
year
Avg Time Held Equity only
1.5
years
Top 10 Avg Time Held Equity only
1.1
years
Top 20 Avg Time Held Equity only
1
year
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PIMCO Dynamic Income Opportunities Fund
PDO
|
+$10.3M |
| 2 |
Vulcan Materials
VMC
|
+$5.45M |
| 3 |
Micron Technology
MU
|
+$5.03M |
| 4 |
DoorDash
DASH
|
+$3.95M |
| 5 |
Jazz Pharmaceuticals
JAZZ
|
+$3.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$238M |
| 2 |
XPO
XPO
|
+$154M |
| 3 |
Eli Lilly
LLY
|
+$135M |
| 4 |
NVIDIA
NVDA
|
+$110M |
| 5 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
|
26
XPO
XPO
$21.7B
| $5.97M | 0.8% |
29,081
-727,455
| -96% | -$154M |
2022 Q4
14 quarters
|
|
|
27
Vulcan Materials
VMC
$33.4B
| $5.6M | 0.75% |
+18,998
| New | +$5.45M |
2026 Q2
0 quarters
|
|
28
International Seaways
INSW
$5.19B
| $5.6M | 0.75% |
73,147
| – | – |
2025 Q4
2 quarters
|
|
29
iShares Russell 2000 ETF
IWM
$77.8B
| $5.45M | 0.73% |
18,137
| – | – |
2024 Q3
7 quarters
|
|
30
iShares MSCI Mexico ETF
EWW
$1.48B
| $4.81M | 0.64% |
63,900
-175,717
| -73% | -$13.6M |
2025 Q2
4 quarters
|
|
31
Broadcom
AVGO
$1.6T
| $4.66M | 0.62% |
12,325
| – | – |
2024 Q3
7 quarters
|
|
32
Alphabet (Google) Class C
GOOG
$4.16T
| $4.65M | 0.62% |
13,160
-74,593
| -85% | -$26.7M |
2022 Q4
14 quarters
|
|
33
State Street Health Care Select Sector SPDR ETF
XLV
$45.6B
| $4.49M | 0.6% |
28,280
-112,596
| -80% | -$16.8M |
2024 Q4
6 quarters
|
|
|
34
DoorDash
DASH
$83.9B
| $4.42M | 0.59% |
+23,927
| New | +$3.95M |
2026 Q2
0 quarters
|
|
35
Enterprise Products Partners
EPD
$79.5B
| $4.41M | 0.59% |
120,021
| – | – |
2022 Q4
14 quarters
|
|
36
iShares MSCI Brazil ETF
EWZ
$13.4B
| $4.2M | 0.56% |
121,776
-312,745
| -72% | -$11.7M |
2025 Q4
2 quarters
|
|
|
37
Jazz Pharmaceuticals
JAZZ
$13.5B
| $4.18M | 0.56% |
+17,331
| New | +$3.8M |
2026 Q2
0 quarters
|
|
38
iShares Bitcoin Trust
IBIT
$65.8B
| $3.9M | 0.52% |
117,140
| – | – |
2024 Q4
6 quarters
|
|
39
TPG RE Finance Trust
TRTX
$446M
| $3.36M | 0.45% |
401,607
| – | – |
2024 Q2
8 quarters
|
|
40
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
MUNI
$3.44B
| $3.05M | 0.41% |
57,919
| – | – |
2024 Q1
9 quarters
|
|
41
Bank of America
BAC
$352B
| $2.69M | 0.36% |
47,170
-102,390
| -68% | -$5.45M |
2024 Q3
7 quarters
|
|
42
Quanta Services
PWR
$93B
| $2.66M | 0.35% |
3,690
-28,975
| -89% | -$19.8M |
2025 Q1
5 quarters
|
|
43
JPMorgan Chase
JPM
$886B
| $2.63M | 0.35% |
8,022
-20,363
| -72% | -$6.32M |
2025 Q2
4 quarters
|
|
44
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$25.6B
| $2.56M | 0.34% |
+3,636
| New | +$2.43M |
2026 Q2
0 quarters
|
|
45
Costco
COST
$441B
| $2.33M | 0.31% |
2,490
-8,138
| -77% | -$8.11M |
2024 Q3
7 quarters
|
|
46
Caterpillar
CAT
$334B
| $2.32M | 0.31% |
2,180
| – | – |
2024 Q3
7 quarters
|
|
47
iShares MSCI India ETF
INDA
$5.83B
| $2.3M | 0.31% |
46,470
| – | – |
2025 Q2
4 quarters
|
|
48
Walmart Inc
WMT
$942B
| $2.29M | 0.31% |
20,219
-39,006
| -66% | -$4.84M |
2024 Q3
7 quarters
|
|
49
Applied Materials
AMAT
$328B
| $2.09M | 0.28% |
2,896
| – | – |
2024 Q3
7 quarters
|
|
50
Home Depot
HD
$309B
| $2.05M | 0.27% |
5,826
-17,618
| -75% | -$5.73M |
2024 Q3
7 quarters
|
|
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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.