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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
SHW icon
151
Sherwin-Williams
SHW
$80.8B
– –
-49,183
Closed -$15.8M
SPEM icon
152
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$18B
– –
-548,897
Closed -$25.7M
SPYM
153
State Street SPDR Portfolio S&P 500 ETF
SPYM
$172B
– –
-45,151
Closed -$3.46M
SPTI icon
154
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.7B
– –
-35,199
Closed -$1.01M
VMC icon
155
CALL
Vulcan Materials
VMC
$34.1B
– –
-378
Closed -$429K
VNQ icon
156
Vanguard Real Estate ETF
VNQ
$38.4B
– –
-106,191
Closed -$9.42M
VOO icon
157
Vanguard S&P 500 ETF
VOO
$1.03T
– –
-3,941
Closed -$2.35M
WLK icon
158
Westlake Corp
WLK
$9.64B
– –
-1,978
Closed -$231K
WMS icon
159
Advanced Drainage Systems
WMS
$10.2B
– –
-50,016
Closed -$6.86M
XLE icon
160
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
– –
-691
Closed -$168K
XLC icon
161
State Street Communication Services Select Sector SPDR ETF
XLC
$22.5B
– –
-4,267
Closed -$473K
GEV icon
162
GE Vernova
GEV
$251B
– –
-33,199
Closed -$29M
CGIC
163
Capital Group International Core Equity ETF
CGIC
$2.52B
– –
-32,733
Closed -$1.08M
TIC
164
TIC Solutions Inc
TIC
$2.05B
– –
-2,902,230
Closed -$19.1M
3 4 5 6
7

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FIS
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VCM
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TWM
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PFA
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JA
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NFA
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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.