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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
VRTX icon
126
Vertex Pharmaceuticals
VRTX
$122B
$305K 0.01%
780
– –
TOL icon
127
Toll Brothers
TOL
$13.7B
$291K 0.01%
2,107
– –
T icon
128
AT&T
T
$153B
$283K 0.01%
10,032
– –
MCD icon
129
McDonald's
MCD
$190B
$282K 0.01%
927
– –
EXPE icon
130
Expedia Group
EXPE
$31.8B
$271K 0.01%
+1,268
New +$255K
JNJ icon
131
CALL
Johnson & Johnson
JNJ
$599B
$264K 0.01%
+777
New +$133K
ORCL icon
132
Oracle
ORCL
$350B
$260K 0.01%
+926
New +$236K
TMO icon
133
Thermo Fisher Scientific
TMO
$196B
$258K 0.01%
531
– –
XOM icon
134
ExxonMobil
XOM
$615B
$257K 0.01%
2,280
-2,336
-51% -$260K
CVS icon
135
CVS Health
CVS
$137B
$255K 0.01%
3,382
– –
SBUX icon
136
Starbucks
SBUX
$119B
$252K 0.01%
2,980
-306,486
-99% -$27.4M
LMT icon
137
Lockheed Martin
LMT
$117B
$243K 0.01%
486
– –
ALL icon
138
Allstate
ALL
$65.3B
$240K 0.01%
1,118
– –
TJX icon
139
TJX Companies
TJX
$172B
$240K 0.01%
1,660
– –
GE icon
140
GE Aerospace
GE
$354B
$231K 0.01%
+769
New +$210K
LOW icon
141
Lowe's Companies
LOW
$115B
$229K 0.01%
910
– –
VZ icon
142
Verizon
VZ
$182B
$228K 0.01%
5,193
-812
-14% -$35.1K
PRU icon
143
Prudential Financial
PRU
$41B
$228K 0.01%
2,196
– –
SYK icon
144
Stryker
SYK
$122B
$221K 0.01%
598
– –
OKE icon
145
Oneok
OKE
$58.9B
$216K 0.01%
+2,957
New +$226K
ACN icon
146
Accenture
ACN
$88.6B
$215K 0.01%
+871
New +$227K
A icon
147
Agilent Technologies
A
$36.8B
$214K 0.01%
+1,666
New +$201K
FOXA icon
148
Fox Class A
FOXA
$24.1B
$203K 0.01%
+3,218
New +$186K
URI icon
149
United Rentals
URI
$63.4B
$200K 0.01%
+210
New +$187K
DOC icon
150
Healthpeak Properties
DOC
$15.4B
$200K 0.01%
10,451
-1,177
-10% -$21.1K
4 5
6
7 8

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BWFA
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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
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.