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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
+3.61%
1 Year Est. Return
+30.12%
3 Year Est. Return
+102.51%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2.64B
AUM Growth
+$32.7M
Cap. Flow
-$52.4M
Cap. Flow %
-1.98%
Top 10 Hldgs %
60.5%
Holding
170
New
19
Increased
19
Reduced
16
Closed
24

Top Buys

Rank Stock Value
1
IAU icon
iShares Gold Trust
IAU
+$34.2M
2
SPEM icon
State Street SPDR Portfolio Emerging Markets ETF
SPEM
+$28.7M
3
NVDA icon
NVIDIA
NVDA
+$21M
4
PANW icon
Palo Alto Networks
PANW
+$19.1M
5
LIN icon
Linde
LIN
+$15.8M

Top Sells

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$60.1M
2
MSFT icon
Microsoft
MSFT
+$47.4M
3
GLD icon
SPDR Gold Trust
GLD
+$34.2M
4
PDO
PIMCO Dynamic Income Opportunities Fund
PDO
+$23.5M
5
RSP icon
Invesco S&P 500 Equal Weight ETF
RSP
+$17M

Sector Composition

Rank Sector Weight
1 Industrials 33.41%
2 Technology 18.89%
3 Healthcare 9.06%
4 Financials 7.92%
5 Communication Services 5.64%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MLM icon
51
Martin Marietta Materials
MLM
$33.8B
$10.7M 0.4%
17,164
– –
DNLI icon
52
Denali Therapeutics
DNLI
$3.7B
$10.3M 0.39%
625,000
– –
SPYD icon
53
State Street SPDR Portfolio S&P 500 High Dividend ETF
SPYD
$7.62B
$9.42M 0.36%
217,913
– –
LPX icon
54
Louisiana-Pacific
LPX
$5.17B
$9.32M 0.35%
115,410
– –
ORLY icon
55
O'Reilly Automotive
ORLY
$71.3B
$8.7M 0.33%
95,435
– –
FLKR icon
56
Franklin FTSE South Korea ETF
FLKR
$1.09B
$8.45M 0.32%
263,694
– –
HD icon
57
Home Depot
HD
$338B
$8.22M 0.31%
23,874
+21,444
+882% +$7.85M
GRAB icon
58
Grab
GRAB
$14.6B
$7.98M 0.3%
+1,600,000
New +$8.84M
XLV icon
59
State Street Health Care Select Sector SPDR ETF
XLV
$41.4B
$7.98M 0.3%
51,519
-7,321
-12% -$1.1M
WMT icon
60
Walmart Inc
WMT
$909B
$7.73M 0.29%
69,379
+55,744
+409% +$5.99M
COPX icon
61
Global X Copper Miners ETF NEW
COPX
$6.71B
$7.72M 0.29%
+107,493
New +$6.89M
DELL icon
62
Dell
DELL
$256B
$6.81M 0.26%
54,087
– –
XLE icon
63
State Street Energy Select Sector SPDR ETF
XLE
$38.2B
$6.65M 0.25%
148,672
– –
URI icon
64
United Rentals
URI
$65.5B
$6.04M 0.23%
7,458
+7,248
+3,451% +$6.29M
IBIT icon
65
iShares Bitcoin Trust
IBIT
$47B
$5.82M 0.22%
117,140
– –
BLDR icon
66
Builders FirstSource
BLDR
$7.99B
$5.26M 0.2%
51,128
-9,172
-15% -$1.03M
IWM icon
67
iShares Russell 2000 ETF
IWM
$82.2B
$4.46M 0.17%
18,137
– –
AVGO icon
68
Broadcom
AVGO
$1.76T
$4.46M 0.17%
12,877
– –
INSW icon
69
International Seaways
INSW
$4.3B
$4.14M 0.16%
+85,219
New +$4.21M
EPD icon
70
Enterprise Products Partners
EPD
$82.6B
$3.85M 0.15%
120,021
– –
SPYM
71
State Street SPDR Portfolio S&P 500 ETF
SPYM
$157B
$3.62M 0.14%
45,151
– –
TRTX
72
TPG RE Finance Trust
TRTX
$676M
$3.46M 0.13%
401,607
– –
MUNI icon
73
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
MUNI
$3.07B
$3.04M 0.11%
57,919
– –
INDA icon
74
iShares MSCI India ETF
INDA
$6.83B
$2.51M 0.1%
46,470
– –
VOO icon
75
Vanguard S&P 500 ETF
VOO
$974B
$2.47M 0.09%
3,941
– –
1 2
3
4 5

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FBIL
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NDSIB
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ABI
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EPM
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MFAM
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ST
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Cercano Management's Q4 2025 Portfolio in Review

As of Q4 2025, Cercano Management held 170 positions worth $2.64B, up 1.3% from $2.61B the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Cercano Management's Q4 2025 filing shows 19 new, 19 increased, 16 reduced and 24 closed positions. Its largest new stake was Linde: 36,908 shares worth $15.7M. The largest sale was Mr. Cooper, an estimated $60.1M.

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

  • Cercano Management's largest Q4 2025 buy was Linde: 36,908 shares worth $15.7M.
  • Cercano Management added most to iShares Gold Trust in Q4 2025, an estimated $34.2M increase.
  • Cercano Management's biggest Q4 2025 reduction was Microsoft, cutting an estimated $47.4M.
  • Cercano Management fully exited Mr. Cooper in Q4 2025, selling an estimated $60.1M.
  • Cercano Management's ten largest holdings make up 60% of its $2.64B portfolio in Q4 2025.
  • Cercano Management opened 19 new positions and closed 24 in Q4 2025.
  • Cercano Management's portfolio value rose 1.3% quarter-over-quarter to $2.64B.

Based on Cercano Management's 13F filing for Q4 2025, filed 10 Feb 2026.