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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 | |
|---|---|---|---|---|---|---|---|
76
Netflix
NFLX
$290B
| $738K | 0.1% |
10,330
-608,097
| -98% | -$53.6M |
2024 Q3
7 quarters
|
|
77
Berkshire Hathaway Class B
BRK.B
$1.14T
| $685K | 0.09% |
1,369
-869
| -39% | -$418K |
2024 Q3
7 quarters
|
|
78
Intel
INTC
$488B
| $649K | 0.09% |
4,648
| – | – |
2026 Q1
1 quarter
|
|
79
Diamondback Energy
FANG
$56.8B
| $627K | 0.08% |
3,566
| – | – |
2024 Q3
7 quarters
|
|
80
Procter & Gamble
PG
$367B
| $626K | 0.08% |
4,272
| – | – |
2024 Q3
7 quarters
|
|
81
Visa
V
$756B
| $613K | 0.08% |
1,787
-75,651
| -98% | -$24.3M |
2022 Q4
14 quarters
|
|
82
Advanced Micro Devices
AMD
$880B
| $551K | 0.07% |
+948
| New | +$389K |
2026 Q2
0 quarters
|
|
83
Johnson & Johnson
JNJ
$612B
| $489K | 0.07% |
1,925
| – | – |
2024 Q3
7 quarters
|
|
84
Newmont
NEM
$125B
| $478K | 0.06% |
5,118
| – | – |
2025 Q1
5 quarters
|
|
85
Illinois Tool Works
ITW
$77.2B
| $452K | 0.06% |
1,670
| – | – |
2024 Q3
7 quarters
|
|
86
AbbVie
ABBV
$502B
| $450K | 0.06% |
1,789
| – | – |
2024 Q3
7 quarters
|
|
87
Ironwood Pharmaceuticals
IRWD
$578M
| $427K | 0.06% |
101,378
| – | – |
2024 Q3
7 quarters
|
|
88
NextEra Energy
NEE
$164B
| $423K | 0.06% |
4,824
| – | – |
2024 Q3
7 quarters
|
|
89
Ventas
VTR
$43.4B
| $409K | 0.05% |
4,610
| – | – |
2024 Q3
7 quarters
|
|
90
Welltower
WELL
$169B
| $394K | 0.05% |
1,736
| – | – |
2024 Q4
6 quarters
|
|
91
Vertex Pharmaceuticals
VRTX
$128B
| $387K | 0.05% |
780
| – | – |
2022 Q4
14 quarters
|
|
92
HCA Healthcare
HCA
$98.6B
| $378K | 0.05% |
970
| – | – |
2024 Q3
7 quarters
|
|
93
S&P Global
SPGI
$126B
| $358K | 0.05% |
880
-51,155
| -98% | -$21.6M |
2022 Q4
14 quarters
|
|
94
Dell
DELL
$290B
| $349K | 0.05% |
808
-24,003
| -97% | -$6.94M |
2025 Q2
4 quarters
|
|
95
Toll Brothers
TOL
$12.1B
| $347K | 0.05% |
2,107
| – | – |
2024 Q3
7 quarters
|
|
96
EQT Corp
EQT
$34.4B
| $347K | 0.05% |
6,518
| – | – |
2024 Q3
7 quarters
|
|
97
Norfolk Southern
NSC
$72.9B
| $336K | 0.04% |
1,069
| – | – |
2024 Q3
7 quarters
|
|
98
NRG Energy
NRG
$20.9B
| $335K | 0.04% |
2,295
| – | – |
2024 Q3
7 quarters
|
|
99
Philip Morris
PM
$316B
| $334K | 0.04% |
1,847
| – | – |
2024 Q3
7 quarters
|
|
100
KKR & Co
KKR
$77.9B
| $327K | 0.04% |
3,560
| – | – |
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.