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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
BRK.B icon
101
Berkshire Hathaway Class B
BRK.B
$1.06T
$665K 0.02%
1,369
-861
-39% -$437K
TT icon
102
Trane Technologies
TT
$104B
$664K 0.02%
1,517
– –
BSX icon
103
Boston Scientific
BSX
$65.4B
$593K 0.02%
5,517
– –
MRK icon
104
Merck
MRK
$315B
$566K 0.02%
7,156
-574
-7% -$45.6K
ADBE icon
105
Adobe
ADBE
$94.3B
$546K 0.02%
1,412
– –
AMAT icon
106
Applied Materials
AMAT
$421B
$530K 0.02%
2,896
– –
XOM icon
107
ExxonMobil
XOM
$611B
$498K 0.01%
4,616
+2,336
+102% +$250K
FANG icon
108
Diamondback Energy
FANG
$55B
$490K 0.01%
3,566
– –
INTU icon
109
Intuit
INTU
$79.6B
$488K 0.01%
619
– –
KKR icon
110
KKR & Co
KKR
$90.6B
$474K 0.01%
3,560
– –
EEM icon
111
iShares MSCI Emerging Markets ETF
EEM
$28B
$458K 0.01%
9,500
– –
HON icon
112
Honeywell
HON
$71.3B
$442K 0.01%
2,016
– –
PM icon
113
Philip Morris
PM
$301B
$441K 0.01%
2,424
– –
ITW icon
114
Illinois Tool Works
ITW
$79.4B
$413K 0.01%
1,670
– –
MS icon
115
Morgan Stanley
MS
$339B
$396K 0.01%
2,812
– –
EQT icon
116
EQT Corp
EQT
$31B
$380K 0.01%
6,518
– –
HCA icon
117
HCA Healthcare
HCA
$82.3B
$372K 0.01%
970
– –
NRG icon
118
NRG Energy
NRG
$27.2B
$369K 0.01%
2,295
– –
ABT icon
119
Abbott
ABT
$175B
$355K 0.01%
2,607
– –
VRTX icon
120
Vertex Pharmaceuticals
VRTX
$123B
$347K 0.01%
780
– –
PLTR icon
121
Palantir
PLTR
$317B
$347K 0.01%
2,542
– –
NEE icon
122
NextEra Energy
NEE
$185B
$335K 0.01%
4,824
– –
ABBV icon
123
AbbVie
ABBV
$450B
$332K 0.01%
1,789
– –
RELY icon
124
Remitly
RELY
$5.08B
$315K 0.01%
16,768
-363,319
-96% -$7.56M
NEM icon
125
Newmont
NEM
$95.8B
$298K 0.01%
5,118
+124
+2% +$6.62K
3 4
5
6 7

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DIA
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FBIL
First Beijing Investment Ltd Hong Kong $2.32B AUM 8.06% 1-Year Est. Return
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.