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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
-2.68%
1 Year Est. Return
+30.12%
3 Year Est. Return
+102.51%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$3.4B
AUM Growth
-$527M
Cap. Flow
-$383M
Cap. Flow %
-11.27%
Top 10 Hldgs %
47.77%
Holding
193
New
16
Increased
19
Reduced
30
Closed
45

Top Buys

Rank Stock Value
1
APD icon
Air Products & Chemicals
APD
+$57.1M
2
XLV icon
State Street Health Care Select Sector SPDR ETF
XLV
+$44.7M
3
PWR icon
Quanta Services
PWR
+$40.5M
4
NOC icon
Northrop Grumman
NOC
+$36.7M
5
PANW icon
Palo Alto Networks
PANW
+$35.9M

Top Sells

Rank Stock Value
1
RSP icon
Invesco S&P 500 Equal Weight ETF
RSP
+$118M
2
MSFT icon
Microsoft
MSFT
+$58.3M
3
LEN icon
Lennar Class A
LEN
+$53.9M
4
AMZN icon
Amazon
AMZN
+$49.6M
5
TSM icon
TSMC
TSM
+$43.6M

Sector Composition

Rank Sector Weight
1 Industrials 24.29%
2 Technology 20.37%
3 Financials 16.22%
4 Communication Services 7.47%
5 Consumer Discretionary 5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AVGO icon
76
Broadcom
AVGO
$1.85T
$2.17M 0.06%
12,959
-481
-4% -$102K
GPOR icon
77
Gulfport Energy Corp
GPOR
$2.9B
$2.1M 0.06%
11,391
-6,427
-36% -$1.17M
PSX icon
78
Phillips 66
PSX
$84.9B
$2.01M 0.06%
16,290
-22,669
-58% -$2.79M
COST icon
79
Costco
COST
$422B
$1.88M 0.06%
1,985
+1,273
+179% +$1.24M
HLMN icon
80
Hillman Solutions
HLMN
$1.54B
$1.74M 0.05%
197,945
– –
PAA icon
81
Plains All American Pipeline
PAA
$17.3B
$1.7M 0.05%
85,192
– –
WU icon
82
Western Union
WU
$1.99B
$1.59M 0.05%
149,869
– –
STWD icon
83
Starwood Property Trust
STWD
$5.92B
$1.56M 0.05%
79,029
– –
MA icon
84
Mastercard
MA
$506B
$1.41M 0.04%
2,574
– –
NFLX icon
85
Netflix
NFLX
$299B
$1.24M 0.04%
13,320
– –
WMT icon
86
Walmart Inc
WMT
$885B
$1.2M 0.04%
13,635
– –
BRK.B icon
87
Berkshire Hathaway Class B
BRK.B
$1.1T
$1.19M 0.03%
2,230
+861
+63% +$419K
SPTI icon
88
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.4B
$1.01M 0.03%
+35,199
New +$991K
LLY icon
89
Eli Lilly
LLY
$1.02T
$913K 0.03%
1,105
– –
BAC icon
90
Bank of America
BAC
$435B
$908K 0.03%
21,750
– –
HD icon
91
Home Depot
HD
$331B
$891K 0.03%
2,430
– –
TSLA icon
92
Tesla
TSLA
$1.23T
$790K 0.02%
3,048
-449
-13% -$150K
SPOT icon
93
Spotify
SPOT
$103B
$741K 0.02%
1,347
– –
PG icon
94
Procter & Gamble
PG
$336B
$728K 0.02%
4,272
– –
CAT icon
95
Caterpillar
CAT
$375B
$719K 0.02%
2,180
– –
MRK icon
96
Merck
MRK
$322B
$694K 0.02%
7,730
– –
ETN icon
97
Eaton
ETN
$161B
$693K 0.02%
2,550
– –
TXN icon
98
Texas Instruments
TXN
$252B
$640K 0.02%
3,563
– –
LRCX icon
99
Lam Research
LRCX
$367B
$622K 0.02%
8,560
– –
FANG icon
100
Diamondback Energy
FANG
$57.1B
$570K 0.02%
3,566
– –
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 Q1 2025 Portfolio in Review

As of Q1 2025, Cercano Management held 193 positions worth $3.4B, down 13% from $3.93B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Cercano Management withdrew a net $383M in Q1 2025, closing 45 positions and reducing 30 holdings. Its most notable exit was Lennar Class A, an estimated $53.9M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 24% of assets, up from 21% a quarter earlier, followed by Technology and Financials.

Against the trend, Cercano Management opened a new position in Air Products & Chemicals worth $54.6M.

  • Cercano Management's largest Q1 2025 buy was Air Products & Chemicals: 185,296 shares worth $54.6M.
  • Cercano Management added most to State Street Health Care Select Sector SPDR ETF in Q1 2025, an estimated $44.7M increase.
  • Cercano Management's biggest Q1 2025 reduction was Invesco S&P 500 Equal Weight ETF, cutting an estimated $118M.
  • Cercano Management fully exited Lennar Class A in Q1 2025, selling an estimated $53.9M.
  • Cercano Management's ten largest holdings make up 48% of its $3.4B portfolio in Q1 2025.
  • Cercano Management opened 16 new positions and closed 45 in Q1 2025.
  • Cercano Management's portfolio value fell 13% quarter-over-quarter to $3.4B.

Based on Cercano Management's 13F filing for Q1 2025, filed 13 May 2025.