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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
BSX icon
101
Boston Scientific
BSX
$69.5B
$557K 0.02%
5,517
-80,305
-94% -$8.09M
ADBE icon
102
Adobe
ADBE
$99.5B
$542K 0.02%
1,412
– –
TT icon
103
Trane Technologies
TT
$101B
$511K 0.02%
1,517
– –
DFS
104
DELISTED
Discover Financial Services
DFS
$455K 0.01%
2,666
– –
AMAT icon
105
Applied Materials
AMAT
$403B
$420K 0.01%
2,896
– –
EEM icon
106
iShares MSCI Emerging Markets ETF
EEM
$28.8B
$415K 0.01%
9,500
– –
ITW icon
107
Illinois Tool Works
ITW
$82.6B
$414K 0.01%
1,670
– –
KKR icon
108
KKR & Co
KKR
$91.1B
$412K 0.01%
3,560
– –
HON icon
109
Honeywell
HON
$77B
$402K 0.01%
2,016
– –
JNJ icon
110
Johnson & Johnson
JNJ
$618B
$393K 0.01%
2,369
+136
+6% +$21.3K
PM icon
111
Philip Morris
PM
$297B
$385K 0.01%
2,424
+577
+31% +$81.7K
INTU icon
112
Intuit
INTU
$86.5B
$380K 0.01%
619
– –
VRTX icon
113
Vertex Pharmaceuticals
VRTX
$121B
$378K 0.01%
780
– –
ABBV icon
114
AbbVie
ABBV
$443B
$375K 0.01%
1,789
-96,583
-98% -$18.8M
EQT icon
115
EQT Corp
EQT
$33.3B
$348K 0.01%
6,518
-128
-2% -$6.54K
ABT icon
116
Abbott
ABT
$183B
$346K 0.01%
2,607
– –
NEE icon
117
NextEra Energy
NEE
$181B
$342K 0.01%
4,824
– –
HCA icon
118
HCA Healthcare
HCA
$87.2B
$335K 0.01%
970
– –
MS icon
119
Morgan Stanley
MS
$331B
$328K 0.01%
2,812
– –
VTR icon
120
Ventas
VTR
$48B
$317K 0.01%
4,610
– –
CME icon
121
CME Group
CME
$96.3B
$313K 0.01%
1,180
-123
-9% -$30.3K
ORLY icon
122
O'Reilly Automotive
ORLY
$72.9B
$305K 0.01%
3,195
– –
MCD icon
123
McDonald's
MCD
$192B
$290K 0.01%
927
– –
T icon
124
AT&T
T
$159B
$284K 0.01%
10,032
– –
ACN icon
125
Accenture
ACN
$102B
$272K 0.01%
871
– –
3 4
5
6 7

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BWFA
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FBIL
First Beijing Investment Ltd Hong Kong $2.32B AUM 8.06% 1-Year Est. Return
NDSIB
North Dakota State Investment Board Bismarck, North Dakota $2.31B AUM
ABI
Abrams Bison Investments Bethesda, Maryland $2.31B AUM 40.26% 1-Year Est. Return
MFAM
Motley Fool Asset Management Alexandria, Virginia $2.33B AUM 21.93% 1-Year Est. Return
NSAM
North Star Asset Management Neenah, Wisconsin $2.31B AUM 10.09% 1-Year Est. Return
LFM
LGT Fund Management Vaduz, Liechtenstein $2.3B AUM 22.66% 1-Year Est. Return
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.