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Cercano Management Portfolio holdings
AUM
$750M
1-Year Est. Return
25.77%
This Fund
S&P 500
This Quarter
Est. Return
+18.93%
1 Year Est. Return
+25.77%
3 Year Est. Return
+100.68%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$3.5B
AUM Growth
+$101M
(+3%)
Cap. Flow
-$337M
Cap. Flow
% of AUM
-9.6%
Top 10 Holdings %
Top 10 Hldgs %
54.95%
Holding
175
New
27
Increased
10
Reduced
52
Closed
21
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eli Lilly
LLY
|
+$134M |
| 2 |
QXO
QXO Inc
QXO
|
+$79.5M |
| 3 |
Constellation Energy
CEG
|
+$38.1M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$37.3M |
| 5 |
Amazon
AMZN
|
+$30.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$72.1M |
| 2 |
COOP
Mr. Cooper
COOP
|
+$63.5M |
| 3 |
Microsoft
MSFT
|
+$63.2M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$46.6M |
| 5 |
TransDigm Group
TDG
|
+$40.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 28.73% |
| 2 | Technology | 20.09% |
| 3 | Miscellaneous | 15.63% |
| 4 | Financials | 13.05% |
| 5 | Healthcare | 6.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Berkshire Hathaway Class B
BRK.B
$1.08T
| $665K | 0.02% |
1,369
-861
| -39% | -$437K |
|
102
Trane Technologies
TT
$98.5B
| $664K | 0.02% |
1,517
| – | – |
|
103
Boston Scientific
BSX
$69.3B
| $593K | 0.02% |
5,517
| – | – |
|
104
Merck
MRK
$371B
| $566K | 0.02% |
7,156
-574
| -7% | -$45.6K |
|
105
Adobe
ADBE
$106B
| $546K | 0.02% |
1,412
| – | – |
|
106
Applied Materials
AMAT
$361B
| $530K | 0.02% |
2,896
| – | – |
|
107
ExxonMobil
XOM
$656B
| $498K | 0.01% |
4,616
+2,336
| +102% | +$250K |
|
108
Diamondback Energy
FANG
$55.8B
| $490K | 0.01% |
3,566
| – | – |
|
109
Intuit
INTU
$91B
| $488K | 0.01% |
619
| – | – |
|
110
KKR & Co
KKR
$96.7B
| $474K | 0.01% |
3,560
| – | – |
|
111
iShares MSCI Emerging Markets ETF
EEM
$31.9B
| $458K | 0.01% |
9,500
| – | – |
|
112
Honeywell
HON
$66.4B
| $442K | 0.01% |
2,016
| – | – |
|
113
Philip Morris
PM
$284B
| $441K | 0.01% |
2,424
| – | – |
|
114
Illinois Tool Works
ITW
$76.9B
| $413K | 0.01% |
1,670
| – | – |
|
115
Morgan Stanley
MS
$342B
| $396K | 0.01% |
2,812
| – | – |
|
116
EQT Corp
EQT
$34.5B
| $380K | 0.01% |
6,518
| – | – |
|
117
HCA Healthcare
HCA
$87.7B
| $372K | 0.01% |
970
| – | – |
|
118
NRG Energy
NRG
$25B
| $369K | 0.01% |
2,295
| – | – |
|
119
Abbott
ABT
$187B
| $355K | 0.01% |
2,607
| – | – |
|
120
Vertex Pharmaceuticals
VRTX
$138B
| $347K | 0.01% |
780
| – | – |
|
121
Palantir
PLTR
$419B
| $347K | 0.01% |
2,542
| – | – |
|
122
NextEra Energy
NEE
$174B
| $335K | 0.01% |
4,824
| – | – |
|
123
AbbVie
ABBV
$453B
| $332K | 0.01% |
1,789
| – | – |
|
124
Remitly
RELY
$5.54B
| $315K | 0.01% |
16,768
-363,319
| -96% | -$7.56M |
|
125
Newmont
NEM
$135B
| $298K | 0.01% |
5,118
+124
| +2% | +$6.62K |
|
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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 $337M 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 Miscellaneous.
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.