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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 | |
|---|---|---|---|---|---|---|---|
51
Linde
LIN
$232B
| $1.99M | 0.27% |
3,834
-32,589
| -89% | -$16.5M |
2025 Q4
2 quarters
|
|
52
Morgan Stanley
MS
$282B
| $1.91M | 0.26% |
9,147
-34,615
| -79% | -$6.85M |
2024 Q3
7 quarters
|
|
53
United Rentals
URI
$63.8B
| $1.88M | 0.25% |
1,659
-5,620
| -77% | -$5.35M |
2025 Q3
3 quarters
|
|
54
Reddit
RDDT
$29.7B
| $1.78M | 0.24% |
+10,270
| New | +$1.64M |
2026 Q2
0 quarters
|
|
55
Hafnia
HAFN
$5.3B
| $1.73M | 0.23% |
264,379
| – | – |
2025 Q4
2 quarters
|
|
56
Constellation Energy
CEG
$93.3B
| $1.66M | 0.22% |
6,702
-86,383
| -93% | -$24.3M |
2025 Q2
4 quarters
|
|
57
Williams Companies
WMB
$86B
| $1.6M | 0.21% |
21,491
| – | – |
2025 Q4
2 quarters
|
|
58
Phillips 66
PSX
$117B
| $1.59M | 0.21% |
9,396
| – | – |
2025 Q4
2 quarters
|
|
59
ASML
ASML
$639B
| $1.41M | 0.19% |
+710
| New | +$1.13M |
2026 Q2
0 quarters
|
|
60
State Street SPDR S&P Biotech ETF
XBI
$10.2B
| $1.35M | 0.18% |
+8,549
| New | +$1.16M |
2026 Q2
0 quarters
|
|
61
Mastercard
MA
$539B
| $1.32M | 0.18% |
2,574
| – | – |
2022 Q4
14 quarters
|
|
62
Danaher
DHR
$158B
| $1.31M | 0.18% |
6,890
-26,804
| -80% | -$4.87M |
2025 Q4
2 quarters
|
|
63
Starwood Property Trust
STWD
$4.4B
| $1.29M | 0.17% |
79,029
| – | – |
2022 Q4
14 quarters
|
|
64
Tesla
TSLA
$1.45T
| $1.28M | 0.17% |
3,048
| – | – |
2024 Q3
7 quarters
|
|
65
SPDR Gold Trust
GLD
$140B
| $1.23M | 0.16% |
+3,341
| New | +$1.38M |
2026 Q2
0 quarters
|
|
66
Carlyle Group
CG
$13B
| $1.16M | 0.15% |
+27,589
| New | +$1.3M |
2026 Q2
0 quarters
|
|
67
Eaton
ETN
$152B
| $1.09M | 0.14% |
2,550
| – | – |
2024 Q1
9 quarters
|
|
68
Repligen
RGEN
$11.2B
| $1.07M | 0.14% |
+7,856
| New | +$965K |
2026 Q2
0 quarters
|
|
69
Texas Instruments
TXN
$252B
| $1.06M | 0.14% |
3,563
| – | – |
2024 Q3
7 quarters
|
|
70
Merck
MRK
$357B
| $920K | 0.12% |
7,156
| – | – |
2024 Q3
7 quarters
|
|
71
UnitedHealth
UNH
$362B
| $919K | 0.12% |
2,211
-88,716
| -98% | -$32.9M |
2022 Q4
14 quarters
|
|
72
Cincinnati Financial
CINF
$26.1B
| $906K | 0.12% |
4,896
-21,931
| -82% | -$3.64M |
2026 Q1
1 quarter
|
|
73
Lumentum
LITE
$76.3B
| $837K | 0.11% |
+976
| New | +$871K |
2026 Q2
0 quarters
|
|
74
Trane Technologies
TT
$102B
| $745K | 0.1% |
1,517
| – | – |
2025 Q4
2 quarters
|
|
75
Intuitive Surgical
ISRG
$153B
| $744K | 0.1% |
1,870
+1,249
| +201% | +$546K |
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.