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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
+14.95%
1 Year Est. Return
+25.77%
3 Year Est. Return
+100.68%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$750M
AUM Growth
-$1.57B
Cap. Flow
-$1.76B
Cap. Flow %
-234.31%
Top 10 Hldgs %
65.26%
Holding
164
New
22
Increased
2
Reduced
45
Closed
32

Top Buys

Rank Stock Value
1
PDO
PIMCO Dynamic Income Opportunities Fund
PDO
+$10.3M
2
VMC icon
Vulcan Materials
VMC
+$5.45M
3
MU icon
Micron Technology
MU
+$5.03M
4
DASH icon
DoorDash
DASH
+$3.95M
5
JAZZ icon
Jazz Pharmaceuticals
JAZZ
+$3.8M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$238M
2
XPO icon
XPO
XPO
+$154M
3
LLY icon
Eli Lilly
LLY
+$135M
4
NVDA icon
NVIDIA
NVDA
+$110M
5
RSP icon
Invesco S&P 500 Equal Weight ETF
RSP
+$106M

Sector Composition

Rank Sector Weight
1 Industrials 44.41%
2 Miscellaneous 20.61%
3 Technology 8.89%
4 Communication Services 7.84%
5 Healthcare 6.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CSCO icon
126
Cisco
CSCO
$431B
$216K 0.03%
+1,840
New +$192K
HON icon
127
Honeywell
HON
$66.4B
$213K 0.03%
950
-950
-50% -$212K
HONA
128
Honeywell Aerospace
HONA
$51B
$210K 0.03%
+950
New +$210K
T icon
129
AT&T
T
$176B
$208K 0.03%
10,032
– –
MO icon
130
Altria Group
MO
$115B
$208K 0.03%
+2,886
New +$201K
LOW icon
131
Lowe's Companies
LOW
$115B
$201K 0.03%
910
– –
SPY icon
132
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$815B
$68.3K 0.01%
+63
New +$45.7K
AGG icon
133
iShares Core US Aggregate Bond ETF
AGG
$138B
– –
-99,128
Closed -$9.84M
AMZN icon
134
CALL
Amazon
AMZN
$2.79T
– –
-148
Closed -$216K
BA icon
135
Boeing
BA
$168B
– –
-107,941
Closed -$21.5M
BLDR icon
136
Builders FirstSource
BLDR
$7.08B
– –
-386,254
Closed -$31.8M
CME icon
137
CME Group
CME
$101B
– –
-683
Closed -$202K
COPX icon
138
Global X Copper Miners ETF NEW
COPX
$8.21B
– –
-104,678
Closed -$7.99M
CVX icon
139
Chevron
CVX
$409B
– –
-1,518
Closed -$314K
DIS icon
140
Walt Disney
DIS
$182B
– –
-3,050
Closed -$294K
FLJP icon
141
Franklin FTSE Japan ETF
FLJP
$4.19B
– –
-146,612
Closed -$5.3M
FLKR icon
142
Franklin FTSE South Korea ETF
FLKR
$1.75B
– –
-263,694
Closed -$10.5M
HYMB icon
143
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
$3.41B
– –
-1,387,825
Closed -$34.4M
IAU icon
144
iShares Gold Trust
IAU
$65.8B
– –
-254,300
Closed -$22.4M
INTU icon
145
Intuit
INTU
$91B
– –
-619
Closed -$268K
LPX icon
146
Louisiana-Pacific
LPX
$4.77B
– –
-113,924
Closed -$8.29M
MLM icon
147
Martin Marietta Materials
MLM
$36.6B
– –
-8,407
Closed -$4.95M
QQQ icon
148
Invesco QQQ Trust
QQQ
$489B
– –
-48,739
Closed -$28.1M
SCHW
149
Charles Schwab
SCHW
$189B
– –
-390,217
Closed -$36.7M
SHM icon
150
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.5B
– –
-206,569
Closed -$9.88M
3 4 5
6
7

Similar funds

BCM
Bienville Capital Management New York $750M AUM 2.59% 1-Year Est. Return
QI
Qtron Investments Boston, Massachusetts $750M AUM 44.01% 1-Year Est. Return
FIS
FCPM III Services Naarden, Netherlands $750M AUM 127.27% 1-Year Est. Return
VCM
Virtue Capital Management Brentwood, Tennessee $749M AUM 40.13% 1-Year Est. Return
TWM
TRB Wealth Management Houston, Texas $751M AUM
PFA
Perryman Financial Advisory Dallas, Texas $751M AUM
JA
JLB & Associates Plymouth, Michigan $748M AUM 27.21% 1-Year Est. Return
NFA
Northwest Financial Advisors Herndon, Virginia $752M AUM 16.97% 1-Year Est. Return

Cercano Management's Q2 2026 Portfolio in Review

As of Q2 2026, Cercano Management held 164 positions worth $750M, down 68% from $2.32B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Cercano Management withdrew a net $1.76B in Q2 2026, closing 32 positions and reducing 45 holdings. Its most notable exit was Charles Schwab, an estimated $36.7M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 44% of assets, up from 29% a quarter earlier, followed by Miscellaneous and Technology.

Against the trend, Cercano Management opened a new position in PIMCO Dynamic Income Opportunities Fund worth $10.4M.

  • Cercano Management's largest Q2 2026 buy was PIMCO Dynamic Income Opportunities Fund: 783,312 shares worth $10.4M.
  • Cercano Management added most to James Hardie Industries in Q2 2026, an estimated $3.25M increase.
  • Cercano Management's biggest Q2 2026 reduction was Microsoft, cutting an estimated $238M.
  • Cercano Management fully exited Charles Schwab in Q2 2026, selling an estimated $36.7M.
  • Cercano Management's ten largest holdings make up 65% of its $750M portfolio in Q2 2026.
  • Cercano Management opened 22 new positions and closed 32 in Q2 2026.
  • Cercano Management's portfolio value fell 68% quarter-over-quarter to $750M.

Based on Cercano Management's 13F filing for Q2 2026, filed 13 Aug 2026.