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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
+5.44%
1 Year Est. Return
+30.12%
3 Year Est. Return
+102.51%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2.61B
AUM Growth
-$895M
Cap. Flow
-$1.03B
Cap. Flow %
-39.57%
Top 10 Hldgs %
60.71%
Holding
180
New
26
Increased
4
Reduced
50
Closed
29

Top Buys

Rank Stock Value
1
TIC
TIC Solutions Inc
TIC
+$33.1M
2
SHW icon
Sherwin-Williams
SHW
+$20.3M
3
FLJP icon
Franklin FTSE Japan ETF
FLJP
+$13.3M
4
BA icon
Boeing
BA
+$11.7M
5
STX icon
Seagate
STX
+$10.9M

Top Sells

Rank Stock Value
1
NVEE
NV5 Global
NVEE
+$90.6M
2
MSFT icon
Microsoft
MSFT
+$87.5M
3
AMZN icon
Amazon
AMZN
+$86.3M
4
NVDA icon
NVIDIA
NVDA
+$43.5M
5
META icon
Meta Platforms (Facebook)
META
+$41.8M

Sector Composition

Rank Sector Weight
1 Industrials 33.41%
2 Technology 19.99%
3 Financials 9.71%
4 Healthcare 6.27%
5 Communication Services 5.46%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPYM
76
State Street SPDR Portfolio S&P 500 ETF
SPYM
$157B
$3.54M 0.14%
+45,151
New +$3.41M
TRTX
77
TPG RE Finance Trust
TRTX
$676M
$3.44M 0.13%
401,607
– –
XPO icon
78
PUT
XPO
XPO
$25.2B
$3.15M 0.12%
+2,840
New +$369K
MUNI icon
79
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
MUNI
$3.07B
$3.03M 0.12%
57,919
-19,115
-25% -$985K
SAND
80
DELISTED
Sandstorm Gold
SAND
$2.83M 0.11%
226,238
-40,197
-15% -$427K
INDA icon
81
iShares MSCI India ETF
INDA
$6.83B
$2.42M 0.09%
46,470
– –
VOO icon
82
Vanguard S&P 500 ETF
VOO
$974B
$2.41M 0.09%
3,941
– –
GPOR icon
83
Gulfport Energy Corp
GPOR
$2.75B
$1.98M 0.08%
10,946
+1,375
+14% +$239K
IYK icon
84
iShares US Consumer Staples ETF
IYK
$1.39B
$1.74M 0.07%
25,446
-4,521
-15% -$315K
STWD icon
85
Starwood Property Trust
STWD
$6.3B
$1.53M 0.06%
79,029
– –
SPEM icon
86
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$16.9B
$1.51M 0.06%
+32,275
New +$1.43M
MA icon
87
Mastercard
MA
$480B
$1.46M 0.06%
2,574
– –
WMT icon
88
Walmart Inc
WMT
$909B
$1.41M 0.05%
13,635
– –
TSLA icon
89
Tesla
TSLA
$1.43T
$1.36M 0.05%
3,048
– –
NFLX icon
90
Netflix
NFLX
$290B
$1.24M 0.05%
10,330
– –
LRCX icon
91
Lam Research
LRCX
$392B
$1.15M 0.04%
8,560
– –
CAT icon
92
Caterpillar
CAT
$405B
$1.04M 0.04%
2,180
– –
SPTI icon
93
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.4B
$1.02M 0.04%
35,199
– –
CGIC
94
Capital Group International Core Equity ETF
CGIC
$2.09B
$1.01M 0.04%
+32,733
New +$976K
HD icon
95
Home Depot
HD
$338B
$985K 0.04%
2,430
– –
ETN icon
96
Eaton
ETN
$155B
$954K 0.04%
2,550
– –
BRK.B icon
97
Berkshire Hathaway Class B
BRK.B
$1.06T
$688K 0.03%
1,369
– –
COST icon
98
Costco
COST
$417B
$659K 0.03%
712
– –
PG icon
99
Procter & Gamble
PG
$349B
$656K 0.03%
4,272
– –
TXN icon
100
Texas Instruments
TXN
$258B
$655K 0.03%
3,563
– –
2 3
4
5 6

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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
Sageworth Trust Lancaster, Pennsylvania $2.33B AUM 20.04% 1-Year Est. Return

Cercano Management's Q3 2025 Portfolio in Review

As of Q3 2025, Cercano Management held 180 positions worth $2.61B, down 26% from $3.5B the previous quarter. Its ten largest holdings account for 61% of the portfolio.

Cercano Management withdrew a net $1.03B in Q3 2025, closing 29 positions and reducing 50 holdings. Its most notable exit was NV5 Global, an estimated $90.6M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 33% of assets, up from 29% a quarter earlier, followed by Technology and Financials.

Against the trend, Cercano Management opened a new position in TIC Solutions Inc worth $38.6M.

  • Cercano Management's largest Q3 2025 buy was TIC Solutions Inc: 2,902,230 shares worth $38.6M.
  • Cercano Management added most to State Street Technology Select Sector SPDR ETF in Q3 2025, an estimated $8.46M increase.
  • Cercano Management's biggest Q3 2025 reduction was Microsoft, cutting an estimated $87.5M.
  • Cercano Management fully exited NV5 Global in Q3 2025, selling an estimated $90.6M.
  • Cercano Management's ten largest holdings make up 61% of its $2.61B portfolio in Q3 2025.
  • Cercano Management opened 26 new positions and closed 29 in Q3 2025.
  • Cercano Management's portfolio value fell 26% quarter-over-quarter to $2.61B.

Based on Cercano Management's 13F filing for Q3 2025, filed 7 Nov 2025.