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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
+1.96%
1 Year Est. Return
+30.12%
3 Year Est. Return
+102.51%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$4.18B
AUM Growth
+$427M
Cap. Flow
+$426M
Cap. Flow %
10.2%
Top 10 Hldgs %
49.32%
Holding
180
New
81
Increased
25
Reduced
21
Closed
24

Top Buys

Rank Stock Value
1
RSP icon
Invesco S&P 500 Equal Weight ETF
RSP
+$204M
2
QXO
QXO Inc
QXO
+$191M
3
META icon
Meta Platforms (Facebook)
META
+$95.7M
4
LEN icon
Lennar Class A
LEN
+$77.8M
5
SPSM icon
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
+$63.7M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$76.8M
2
AAPL icon
Apple
AAPL
+$53.3M
3
WAL icon
Western Alliance Bancorporation
WAL
+$45.2M
4
CDNS icon
Cadence Design Systems
CDNS
+$45.1M
5
MDY icon
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
+$45M

Sector Composition

Rank Sector Weight
1 Industrials 22.94%
2 Technology 21.93%
3 Financials 12.25%
4 Healthcare 10.01%
5 Consumer Discretionary 7.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
T icon
76
AT&T
T
$159B
$4.7M 0.11%
213,462
+10,032
+5% +$200K
RXRX icon
77
Recursion Pharmaceuticals
RXRX
$1.59B
$4.51M 0.11%
685,018
– –
MRVL icon
78
Marvell Technology
MRVL
$168B
$4.39M 0.11%
60,869
-491,839
-89% -$34M
EWG icon
79
iShares MSCI Germany ETF
EWG
$1.59B
$4.15M 0.1%
+122,699
New +$3.88M
DT icon
80
Dynatrace
DT
$12.9B
$3.96M 0.09%
74,101
-70,682
-49% -$3.37M
LABU icon
81
Direxion Daily S&P Biotech Bull 3X ETF
LABU
$506M
$3.7M 0.09%
+28,765
New +$3.75M
EPD icon
82
Enterprise Products Partners
EPD
$82.3B
$3.49M 0.08%
120,021
– –
TRTX
83
TPG RE Finance Trust
TRTX
$612M
$3.43M 0.08%
401,607
– –
SRLN icon
84
State Street Blackstone Senior Loan ETF
SRLN
$5.3B
$2.99M 0.07%
71,523
-487,176
-87% -$20.3M
SOXL icon
85
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$16.7B
$2.96M 0.07%
+80,689
New +$3.3M
OCSL icon
86
Oaktree Specialty Lending
OCSL
$1.02B
$2.94M 0.07%
180,413
-422,776
-70% -$7.24M
OUT icon
87
Outfront Media
OUT
$5.61B
$2.47M 0.06%
136,648
– –
AVGO icon
88
Broadcom
AVGO
$1.85T
$2.32M 0.06%
+13,440
New +$2.15M
WU icon
89
Western Union
WU
$1.99B
$1.79M 0.04%
149,869
– –
STWD icon
90
Starwood Property Trust
STWD
$5.92B
$1.61M 0.04%
79,029
– –
PAA icon
91
Plains All American Pipeline
PAA
$17.3B
$1.48M 0.04%
85,192
– –
GOOG icon
92
CALL
Alphabet (Google) Class C
GOOG
$4.36T
$1.25M 0.03%
+2,886
New +$488K
TCPC icon
93
BlackRock TCP Capital
TCPC
$273M
$1.23M 0.03%
148,400
– –
WMT icon
94
Walmart Inc
WMT
$885B
$1.1M 0.03%
+13,635
New +$1M
HD icon
95
Home Depot
HD
$331B
$985K 0.02%
+2,430
New +$886K
LLY icon
96
Eli Lilly
LLY
$1.02T
$979K 0.02%
+1,105
New +$993K
NFLX icon
97
Netflix
NFLX
$299B
$945K 0.02%
+13,320
New +$891K
TSLA icon
98
Tesla
TSLA
$1.23T
$904K 0.02%
+3,456
New +$788K
MRK icon
99
Merck
MRK
$322B
$878K 0.02%
+7,730
New +$918K
BAC icon
100
Bank of America
BAC
$435B
$863K 0.02%
+21,750
New +$872K
2 3
4
5 6

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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
Berkshire Asset Management Wilkes Barre, Pennsylvania $2.33B AUM 19.33% 1-Year Est. Return

Cercano Management's Q3 2024 Portfolio in Review

As of Q3 2024, Cercano Management held 180 positions worth $4.18B, up 11% from $3.76B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Cercano Management deployed $426M of net new capital in Q3 2024, opening 81 new positions and adding to 25 existing holdings. Its largest new stake was QXO Inc: 6,564,550 shares worth $104M.

By sector, the portfolio is most concentrated in Industrials at 23% of assets, up from 21% a quarter earlier, followed by Technology and Financials.

On the sell side, the largest reduction was Microsoft, an estimated $76.8M trimmed.

  • Cercano Management's largest Q3 2024 buy was QXO Inc: 6,564,550 shares worth $104M.
  • Cercano Management added most to Invesco S&P 500 Equal Weight ETF in Q3 2024, an estimated $204M increase.
  • Cercano Management's biggest Q3 2024 reduction was Microsoft, cutting an estimated $76.8M.
  • Cercano Management fully exited Cadence Design Systems in Q3 2024, selling an estimated $45.1M.
  • Cercano Management's ten largest holdings make up 49% of its $4.18B portfolio in Q3 2024.
  • Cercano Management opened 81 new positions and closed 24 in Q3 2024.
  • Cercano Management's portfolio value rose 11% quarter-over-quarter to $4.18B.

Based on Cercano Management's 13F filing for Q3 2024, filed 14 Nov 2024.