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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
+15.99%
1 Year Est. Return
+30.12%
3 Year Est. Return
+102.51%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2.88B
AUM Growth
+$375M
Cap. Flow
+$64.9M
Cap. Flow %
2.25%
Top 10 Hldgs %
52.88%
Holding
133
New
19
Increased
20
Reduced
10
Closed
22

Top Buys

Rank Stock Value
1
SGEN
Seagen Inc. Common Stock
SGEN
+$63.4M
2
XPO icon
XPO
XPO
+$48.5M
3
QQQ icon
Invesco QQQ Trust
QQQ
+$39.8M
4
SCHW
Charles Schwab
SCHW
+$37.3M
5
IBKR icon
Interactive Brokers
IBKR
+$27.8M

Top Sells

Rank Stock Value
1
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$172M
2
HYS icon
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
+$66.7M
3
MSFT icon
Microsoft
MSFT
+$33.5M
4
UNP icon
Union Pacific
UNP
+$23M
5
EW icon
Edwards Lifesciences
EW
+$17.5M

Sector Composition

Rank Sector Weight
1 Technology 28.16%
2 Industrials 27.7%
3 Financials 12.61%
4 Healthcare 10.6%
5 Communication Services 5.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RELY icon
51
Remitly
RELY
$4.79B
$14.3M 0.5%
760,175
– –
CTAS icon
52
Cintas
CTAS
$81.9B
$14.1M 0.49%
113,716
-79,148
-41% -$9.29M
TSM icon
53
TSMC
TSM
$2.1T
$14M 0.48%
+138,300
New +$12.9M
LAMR icon
54
Lamar Advertising Co
LAMR
$16.2B
$13.7M 0.48%
138,533
– –
GBCI icon
55
Glacier Bancorp
GBCI
$6.42B
$12.9M 0.45%
415,157
-50,253
-11% -$1.66M
UDR icon
56
UDR
UDR
$12.3B
$12.6M 0.44%
294,331
– –
FROG icon
57
JFrog
FROG
$9.66B
$12.2M 0.42%
439,706
– –
RGEN icon
58
Repligen
RGEN
$7.96B
$11.6M 0.4%
82,161
+19,152
+30% +$3.07M
SOVO
59
DELISTED
Sovos Brands, Inc. Common Stock
SOVO
$11.3M 0.39%
579,957
+390,157
+206% +$7.04M
S icon
60
SentinelOne
S
$6.53B
$11.1M 0.39%
736,058
– –
ORLY icon
61
O'Reilly Automotive
ORLY
$72.9B
$11.1M 0.39%
174,255
– –
WELL icon
62
Welltower
WELL
$169B
$10.8M 0.37%
133,289
– –
ONT
63
Onterris Inc
ONT
$759M
$9.91M 0.34%
235,254
– –
NVDA icon
64
NVIDIA
NVDA
$4.86T
$9.84M 0.34%
+232,560
New +$7.72M
WY icon
65
Weyerhaeuser
WY
$18B
$9.23M 0.32%
275,331
– –
LOW icon
66
Lowe's Companies
LOW
$117B
$9.09M 0.32%
40,264
– –
RPC
67
Ridgepost Capital
RPC
$949M
$8.39M 0.29%
742,412
– –
BIL icon
68
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$47.1B
$7.52M 0.26%
+81,922
New +$7.51M
CUZ icon
69
Cousins Properties
CUZ
$5.19B
$7.39M 0.26%
324,150
– –
RXRX icon
70
Recursion Pharmaceuticals
RXRX
$1.59B
$7.31M 0.25%
978,051
– –
ARE icon
71
Alexandria Real Estate Equities
ARE
$8.97B
$6.85M 0.24%
60,321
– –
HIW icon
72
Highwoods Properties
HIW
$3.65B
$6.72M 0.23%
281,136
– –
COLD icon
73
Americold
COLD
$4.02B
$4.95M 0.17%
153,187
– –
AVB icon
74
AvalonBay Communities
AVB
$26.5B
$4.92M 0.17%
25,995
– –
CPT icon
75
Camden Property Trust
CPT
$11B
$4.9M 0.17%
44,980
– –
1 2
3
4 5

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NDSIB
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ABI
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MFAM
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NSAM
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LFM
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BAM
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Cercano Management's Q2 2023 Portfolio in Review

As of Q2 2023, Cercano Management held 133 positions worth $2.88B, up 15% from $2.5B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Cercano Management's Q2 2023 filing shows 19 new, 20 increased, 10 reduced and 22 closed positions. Its largest new stake was Seagen Inc. Common Stock: 319,038 shares worth $61.4M. The largest sale was State Street SPDR Bloomberg High Yield Bond ETF, an estimated $172M.

By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 26% a quarter earlier, followed by Industrials and Financials.

  • Cercano Management's largest Q2 2023 buy was Seagen Inc. Common Stock: 319,038 shares worth $61.4M.
  • Cercano Management added most to XPO in Q2 2023, an estimated $48.5M increase.
  • Cercano Management's biggest Q2 2023 reduction was Microsoft, cutting an estimated $33.5M.
  • Cercano Management fully exited State Street SPDR Bloomberg High Yield Bond ETF in Q2 2023, selling an estimated $172M.
  • Cercano Management's ten largest holdings make up 53% of its $2.88B portfolio in Q2 2023.
  • Cercano Management opened 19 new positions and closed 22 in Q2 2023.
  • Cercano Management's portfolio value rose 15% quarter-over-quarter to $2.88B.

Based on Cercano Management's 13F filing for Q2 2023, filed 2 Aug 2023.