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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
+18.93%
1 Year Est. Return
+30.12%
3 Year Est. Return
+102.51%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$3.5B
AUM Growth
+$101M
Cap. Flow
-$272M
Cap. Flow %
-7.77%
Top 10 Hldgs %
54.95%
Holding
175
New
27
Increased
10
Reduced
52
Closed
21

Top Buys

Rank Stock Value
1
LLY icon
Eli Lilly
LLY
+$134M
2
QXO
QXO Inc
QXO
+$79.5M
3
CEG icon
Constellation Energy
CEG
+$38.1M
4
QQQ icon
Invesco QQQ Trust
QQQ
+$37.3M
5
AMZN icon
Amazon
AMZN
+$30.9M

Top Sells

Rank Stock Value
1
XLV icon
State Street Health Care Select Sector SPDR ETF
XLV
+$72.1M
2
COOP
Mr. Cooper
COOP
+$63.5M
3
MSFT icon
Microsoft
MSFT
+$63.2M
4
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$46.6M
5
TDG icon
TransDigm Group
TDG
+$40.7M

Sector Composition

Rank Sector Weight
1 Industrials 28.73%
2 Technology 20.09%
3 Financials 13.05%
4 Healthcare 6.77%
5 Consumer Discretionary 6.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AVGO icon
76
Broadcom
AVGO
$1.76T
$3.55M 0.1%
12,877
-82
-0.6% -$17.8K
INSW icon
77
International Seaways
INSW
$4.3B
$3.29M 0.09%
90,265
-6,359
-7% -$228K
EWY icon
78
iShares MSCI South Korea ETF
EWY
$19.3B
$3.1M 0.09%
+43,201
New +$2.59M
TRTX
79
TPG RE Finance Trust
TRTX
$676M
$3.1M 0.09%
401,607
– –
INDA icon
80
iShares MSCI India ETF
INDA
$6.83B
$2.59M 0.07%
+46,470
New +$2.48M
SAND
81
DELISTED
Sandstorm Gold
SAND
$2.51M 0.07%
266,435
-50,663
-16% -$434K
VOO icon
82
Vanguard S&P 500 ETF
VOO
$974B
$2.24M 0.06%
3,941
-3,942
-50% -$2.07M
IYK icon
83
iShares US Consumer Staples ETF
IYK
$1.39B
$2.11M 0.06%
29,967
-5,698
-16% -$401K
GPOR icon
84
Gulfport Energy Corp
GPOR
$2.75B
$1.93M 0.05%
9,571
-1,820
-16% -$339K
STWD icon
85
Starwood Property Trust
STWD
$6.3B
$1.59M 0.05%
79,029
– –
PAA icon
86
Plains All American Pipeline
PAA
$16.8B
$1.56M 0.04%
85,192
– –
MA icon
87
Mastercard
MA
$480B
$1.45M 0.04%
2,574
– –
NFLX icon
88
Netflix
NFLX
$290B
$1.38M 0.04%
10,330
-2,990
-22% -$338K
WMT icon
89
Walmart Inc
WMT
$909B
$1.33M 0.04%
13,635
– –
HAFN icon
90
Hafnia
HAFN
$3.62B
$1.33M 0.04%
+264,379
New +$1.28M
WU icon
91
Western Union
WU
$2.77B
$1.26M 0.04%
149,869
– –
SPTI icon
92
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.4B
$1.01M 0.03%
35,199
– –
TSLA icon
93
Tesla
TSLA
$1.43T
$968K 0.03%
3,048
– –
ETN icon
94
Eaton
ETN
$155B
$910K 0.03%
2,550
– –
HD icon
95
Home Depot
HD
$338B
$891K 0.03%
2,430
– –
CAT icon
96
Caterpillar
CAT
$405B
$846K 0.02%
2,180
– –
LRCX icon
97
Lam Research
LRCX
$392B
$833K 0.02%
8,560
– –
TXN icon
98
Texas Instruments
TXN
$258B
$740K 0.02%
3,563
– –
COST icon
99
Costco
COST
$417B
$705K 0.02%
712
-1,273
-64% -$1.27M
PG icon
100
Procter & Gamble
PG
$349B
$681K 0.02%
4,272
– –
2 3
4
5 6

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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 Q2 2025 Portfolio in Review

As of Q2 2025, Cercano Management held 175 positions worth $3.5B, up 3% from $3.4B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Cercano Management withdrew a net $272M in Q2 2025, closing 21 positions and reducing 52 holdings. Its most notable exit was TransDigm Group, an estimated $40.7M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 29% of assets, up from 24% a quarter earlier, followed by Technology and Financials.

Against the trend, Cercano Management opened a new position in Constellation Energy worth $46.5M.

  • Cercano Management's largest Q2 2025 buy was Constellation Energy: 144,005 shares worth $46.5M.
  • Cercano Management added most to Eli Lilly in Q2 2025, an estimated $134M increase.
  • Cercano Management's biggest Q2 2025 reduction was State Street Health Care Select Sector SPDR ETF, cutting an estimated $72.1M.
  • Cercano Management fully exited TransDigm Group in Q2 2025, selling an estimated $40.7M.
  • Cercano Management's ten largest holdings make up 55% of its $3.5B portfolio in Q2 2025.
  • Cercano Management opened 27 new positions and closed 21 in Q2 2025.
  • Cercano Management's portfolio value rose 3% quarter-over-quarter to $3.5B.

Based on Cercano Management's 13F filing for Q2 2025, filed 8 Aug 2025.