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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
+15.99%
1 Year Est. Return
+30.12%
3 Year Est. Return
+102.51%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2.88B
AUM Growth
+$375M
Cap. Flow
+$64.9M
Cap. Flow %
2.25%
Top 10 Hldgs %
52.88%
Holding
133
New
19
Increased
20
Reduced
10
Closed
22

Top Buys

Rank Stock Value
1
SGEN
Seagen Inc. Common Stock
SGEN
+$63.4M
2
XPO icon
XPO
XPO
+$48.5M
3
QQQ icon
Invesco QQQ Trust
QQQ
+$39.8M
4
SCHW
Charles Schwab
SCHW
+$37.3M
5
IBKR icon
Interactive Brokers
IBKR
+$27.8M

Top Sells

Rank Stock Value
1
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$172M
2
HYS icon
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
+$66.7M
3
MSFT icon
Microsoft
MSFT
+$33.5M
4
UNP icon
Union Pacific
UNP
+$23M
5
EW icon
Edwards Lifesciences
EW
+$17.5M

Sector Composition

Rank Sector Weight
1 Technology 28.16%
2 Industrials 27.7%
3 Financials 12.61%
4 Healthcare 10.6%
5 Communication Services 5.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DOW icon
101
Dow Inc
DOW
$21.9B
$240K 0.01%
4,500
– –
STWD icon
102
Starwood Property Trust
STWD
$5.92B
$222K 0.01%
11,459
– –
VZ icon
103
Verizon
VZ
$195B
$186K 0.01%
5,000
– –
BKCC
104
DELISTED
BlackRock Capital Investment Corporation
BKCC
$186K 0.01%
56,663
– –
DUK icon
105
Duke Energy
DUK
$97.8B
$172K 0.01%
1,919
– –
WBA
106
DELISTED
Walgreens Boots Alliance
WBA
$120K ﹤0.01%
4,200
– –
UBX
107
DELISTED
Unity Biotechnology
UBX
$105K ﹤0.01%
41,238
– –
VOD icon
108
Vodafone
VOD
$36.3B
$104K ﹤0.01%
11,000
– –
PSK icon
109
State Street SPDR ICE Preferred Securities ETF
PSK
$692M
$88.5K ﹤0.01%
2,644
-3,268
-55% -$109K
PAA icon
110
Plains All American Pipeline
PAA
$17.3B
$86K ﹤0.01%
6,100
– –
GLD icon
111
SPDR Gold Trust
GLD
$131B
$82K ﹤0.01%
460
– –
APLS
112
DELISTED
Apellis Pharmaceuticals
APLS
– –
-99,912
Closed -$6.59M
BAM icon
113
Brookfield Asset Management
BAM
$77.3B
– –
-1,071
Closed -$35K
BN icon
114
Brookfield
BN
$104B
– –
-6,431
Closed -$140K
BMY icon
115
Bristol-Myers Squibb
BMY
$133B
– –
-9,000
Closed -$624K
CMCSA icon
116
Comcast
CMCSA
$85B
– –
-442,441
Closed -$16.8M
EQIX icon
117
Equinix
EQIX
$101B
– –
-3,694
Closed -$2.66M
EW icon
118
Edwards Lifesciences
EW
$49.6B
– –
-212,030
Closed -$17.5M
HPE icon
119
Hewlett Packard
HPE
$63.4B
– –
-19,000
Closed -$303K
HYS icon
120
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
$1.75B
– –
-730,818
Closed -$66.7M
IJR icon
121
iShares Core S&P Small-Cap ETF
IJR
$109B
– –
-48,845
Closed -$4.72M
INTU icon
122
Intuit
INTU
$86.5B
– –
-27,392
Closed -$12.2M
JNK icon
123
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.07B
– –
-1,848,940
Closed -$172M
LAD icon
124
Lithia Motors
LAD
$8.47B
– –
-38,728
Closed -$8.87M
MCD icon
125
McDonald's
MCD
$192B
– –
-32,201
Closed -$9M
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
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Cercano Management's Q2 2023 Portfolio in Review

As of Q2 2023, Cercano Management held 133 positions worth $2.88B, up 15% from $2.5B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Cercano Management's Q2 2023 filing shows 19 new, 20 increased, 10 reduced and 22 closed positions. Its largest new stake was Seagen Inc. Common Stock: 319,038 shares worth $61.4M. The largest sale was State Street SPDR Bloomberg High Yield Bond ETF, an estimated $172M.

By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 26% a quarter earlier, followed by Industrials and Financials.

  • Cercano Management's largest Q2 2023 buy was Seagen Inc. Common Stock: 319,038 shares worth $61.4M.
  • Cercano Management added most to XPO in Q2 2023, an estimated $48.5M increase.
  • Cercano Management's biggest Q2 2023 reduction was Microsoft, cutting an estimated $33.5M.
  • Cercano Management fully exited State Street SPDR Bloomberg High Yield Bond ETF in Q2 2023, selling an estimated $172M.
  • Cercano Management's ten largest holdings make up 53% of its $2.88B portfolio in Q2 2023.
  • Cercano Management opened 19 new positions and closed 22 in Q2 2023.
  • Cercano Management's portfolio value rose 15% quarter-over-quarter to $2.88B.

Based on Cercano Management's 13F filing for Q2 2023, filed 2 Aug 2023.