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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
LIN icon
51
Linde
LIN
$222B
$1.99M 0.27%
3,834
-32,589
-89% -$16.5M
MS icon
52
Morgan Stanley
MS
$337B
$1.91M 0.26%
9,147
-34,615
-79% -$6.85M
URI icon
53
United Rentals
URI
$62.7B
$1.88M 0.25%
1,659
-5,620
-77% -$5.35M
RDDT icon
54
Reddit
RDDT
$29.8B
$1.78M 0.24%
+10,270
New +$1.64M
HAFN icon
55
Hafnia
HAFN
$4.6B
$1.73M 0.23%
264,379
– –
CEG icon
56
Constellation Energy
CEG
$104B
$1.66M 0.22%
6,702
-86,383
-93% -$24.3M
WMB icon
57
Williams Companies
WMB
$90.1B
$1.6M 0.21%
21,491
– –
PSX icon
58
Phillips 66
PSX
$102B
$1.59M 0.21%
9,396
– –
ASML icon
59
ASML
ASML
$657B
$1.41M 0.19%
+710
New +$1.13M
XBI icon
60
State Street SPDR S&P Biotech ETF
XBI
$11.6B
$1.35M 0.18%
+8,549
New +$1.16M
MA icon
61
Mastercard
MA
$508B
$1.32M 0.18%
2,574
– –
DHR icon
62
Danaher
DHR
$145B
$1.31M 0.18%
6,890
-26,804
-80% -$4.87M
STWD icon
63
Starwood Property Trust
STWD
$5.94B
$1.29M 0.17%
79,029
– –
TSLA icon
64
Tesla
TSLA
$1.39T
$1.28M 0.17%
3,048
– –
GLD icon
65
SPDR Gold Trust
GLD
$150B
$1.23M 0.16%
+3,341
New +$1.38M
CG icon
66
Carlyle Group
CG
$16.9B
$1.16M 0.15%
+27,589
New +$1.3M
ETN icon
67
Eaton
ETN
$159B
$1.09M 0.14%
2,550
– –
RGEN icon
68
Repligen
RGEN
$9.47B
$1.07M 0.14%
+7,856
New +$965K
TXN icon
69
Texas Instruments
TXN
$236B
$1.06M 0.14%
3,563
– –
MRK icon
70
Merck
MRK
$372B
$920K 0.12%
7,156
– –
UNH icon
71
UnitedHealth
UNH
$357B
$919K 0.12%
2,211
-88,716
-98% -$32.9M
CINF icon
72
Cincinnati Financial
CINF
$26.7B
$906K 0.12%
4,896
-21,931
-82% -$3.64M
LITE icon
73
Lumentum
LITE
$77.7B
$837K 0.11%
+976
New +$871K
TT icon
74
Trane Technologies
TT
$98.1B
$745K 0.1%
1,517
– –
ISRG icon
75
Intuitive Surgical
ISRG
$129B
$744K 0.1%
1,870
+1,249
+201% +$546K
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.