We are live on
!
Find out more
CM
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
(+3%)
Cap. Flow
-$272M
Cap. Flow
% of AUM
-7.77%
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 | 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 | |
|---|---|---|---|---|---|---|
126
Johnson & Johnson
JNJ
$601B
| $294K | 0.01% |
1,925
-444
| -19% | -$68.2K |
|
127
Ventas
VTR
$46.6B
| $291K | 0.01% |
4,610
| – | – |
|
128
AT&T
T
$152B
| $290K | 0.01% |
10,032
| – | – |
|
129
Norfolk Southern
NSC
$75.4B
| $274K | 0.01% |
1,069
| – | – |
|
130
McDonald's
MCD
$190B
| $271K | 0.01% |
927
| – | – |
|
131
Welltower
WELL
$172B
| $267K | 0.01% |
1,736
| – | – |
|
132
Charter Communications
CHTR
$16.1B
| $260K | 0.01% |
636
| – | – |
|
133
Verizon
VZ
$182B
| $260K | 0.01% |
+6,005
| New | +$260K |
|
134
Toll Brothers
TOL
$13.7B
| $240K | 0.01% |
2,107
| – | – |
|
135
Stryker
SYK
$122B
| $237K | 0.01% |
598
| – | – |
|
136
Prudential Financial
PRU
$40.9B
| $236K | 0.01% |
2,196
| – | – |
|
137
CVS Health
CVS
$137B
| $233K | 0.01% |
+3,382
| New | +$222K |
|
|
QXO
138
PUT
QXO Inc
QXO
$14B
| $226K | 0.01% |
+116,000
| New | +$1.9M |
|
139
Lockheed Martin
LMT
$117B
| $225K | 0.01% |
486
| – | – |
|
140
Allstate
ALL
$65.2B
| $225K | 0.01% |
1,118
| – | – |
|
141
Thermo Fisher Scientific
TMO
$196B
| $215K | 0.01% |
531
| – | – |
|
142
LPL Financial
LPLA
$26.2B
| $214K | 0.01% |
+570
| New | +$200K |
|
143
Coca-Cola
KO
$352B
| $206K | 0.01% |
2,912
-72
| -2% | -$5.13K |
|
144
TJX Companies
TJX
$172B
| $205K | 0.01% |
1,660
| – | – |
|
145
Healthpeak Properties
DOC
$15.3B
| $204K | 0.01% |
+11,628
| New | +$207K |
|
146
Cisco
CSCO
$439B
| $202K | 0.01% |
+2,916
| New | +$179K |
|
147
Lowe's Companies
LOW
$114B
| $202K | 0.01% |
910
| – | – |
|
148
IBM
IBM
$200B
| $201K | 0.01% |
+682
| New | +$176K |
|
149
CALL
CSX Corp
CSX
$92.9B
| $94.9K | ﹤0.01% |
+165,000
| New | +$4.97M |
|
150
Ironwood Pharmaceuticals
IRWD
$634M
| $72.7K | ﹤0.01% |
101,378
| – | – |
|
Similar funds
BWFA
DIA
FBIL
NDSIB
ABI
EPM
MFAM
ST
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.