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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
MRK icon
101
Merck
MRK
$315B
$601K 0.02%
7,156
– –
AMAT icon
102
Applied Materials
AMAT
$421B
$593K 0.02%
2,896
– –
SLM icon
103
SLM Corp
SLM
$4.78B
$554K 0.02%
+20,000
New +$624K
BSX icon
104
Boston Scientific
BSX
$65.4B
$539K 0.02%
5,517
– –
FANG icon
105
Diamondback Energy
FANG
$55B
$510K 0.02%
3,566
– –
XLC icon
106
State Street Communication Services Select Sector SPDR ETF
XLC
$23.1B
$505K 0.02%
+4,267
New +$474K
ADBE icon
107
Adobe
ADBE
$94.3B
$498K 0.02%
1,412
– –
PLTR icon
108
Palantir
PLTR
$317B
$464K 0.02%
2,542
– –
KKR icon
109
KKR & Co
KKR
$90.6B
$463K 0.02%
3,560
– –
MS icon
110
Morgan Stanley
MS
$339B
$447K 0.02%
2,812
– –
ITW icon
111
Illinois Tool Works
ITW
$79.4B
$435K 0.02%
1,670
– –
NEM icon
112
Newmont
NEM
$95.8B
$431K 0.02%
5,118
– –
INTU icon
113
Intuit
INTU
$79.6B
$423K 0.02%
619
– –
ABBV icon
114
AbbVie
ABBV
$450B
$414K 0.02%
1,789
– –
HCA icon
115
HCA Healthcare
HCA
$82.3B
$413K 0.02%
970
– –
HON icon
116
Honeywell
HON
$71.3B
$400K 0.02%
2,016
– –
PM icon
117
Philip Morris
PM
$301B
$393K 0.02%
2,424
– –
NRG icon
118
NRG Energy
NRG
$27.2B
$372K 0.01%
2,295
– –
NEE icon
119
NextEra Energy
NEE
$185B
$364K 0.01%
4,824
– –
JNJ icon
120
Johnson & Johnson
JNJ
$609B
$357K 0.01%
1,925
– –
EQT icon
121
EQT Corp
EQT
$31B
$355K 0.01%
6,518
– –
ABT icon
122
Abbott
ABT
$175B
$349K 0.01%
2,607
– –
VTR icon
123
Ventas
VTR
$46.7B
$323K 0.01%
4,610
– –
NSC icon
124
Norfolk Southern
NSC
$76.4B
$321K 0.01%
1,069
– –
WELL icon
125
Welltower
WELL
$172B
$309K 0.01%
1,736
– –
3 4
5
6 7

Similar funds

BWFA
Baltimore-Washington Financial Advisors Columbia, Maryland $2.32B AUM 16.8% 1-Year Est. Return
DIA
Davidson Investment Advisors Great Falls, Montana $2.32B AUM 21.07% 1-Year Est. Return
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
EPM
Elm Partners Management Philadelphia, Pennsylvania $2.31B AUM 16.02% 1-Year Est. Return
MFAM
Motley Fool Asset Management Alexandria, Virginia $2.33B AUM 21.93% 1-Year Est. Return
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.