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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
+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 | |
|---|---|---|---|---|---|---|
151
PUT
Alphabet (Google) Class A
GOOGL
$4.23T
| $31.9K | ﹤0.01% |
+193,500
| New | +$31.7M |
|
152
PUT
O'Reilly Automotive
ORLY
$71.3B
| $21K | ﹤0.01% |
+120,000
| New | +$10.9M |
|
153
PUT
Salesforce
CRM
$140B
| $9.02K | ﹤0.01% |
+41,000
| New | +$11M |
|
|
COOP
154
PUT
DELISTED
Mr. Cooper
COOP
| $1.4K | ﹤0.01% |
+28,000
| New | +$3.59M |
|
155
Accenture
ACN
$87.9B
| – | – |
-871
| Closed | -$272K |
|
156
Alector
ALEC
$167M
| – | – |
-93,633
| Closed | -$115K |
|
157
Arcutis Biotherapeutics
ARQT
$3.56B
| – | – |
-928,701
| Closed | -$14.5M |
|
158
CME Group
CME
$88.5B
| – | – |
-1,180
| Closed | -$313K |
|
159
Datadog
DDOG
$92.1B
| – | – |
-188,470
| Closed | -$18.7M |
|
|
DFS
160
DELISTED
Discover Financial Services
DFS
| – | – |
-2,666
| Closed | -$455K |
|
161
FTI Consulting
FCN
$4.9B
| – | – |
-119,739
| Closed | -$19.6M |
|
|
FISV
162
Fiserv Inc
FISV
$27B
| – | – |
-1,000
| Closed | -$221K |
|
163
Fox Class A
FOXA
$24.2B
| – | – |
-3,539
| Closed | -$200K |
|
164
Halliburton
HAL
$29.4B
| – | – |
-8,064
| Closed | -$205K |
|
165
Hillman Solutions
HLMN
$1.59B
| – | – |
-197,945
| Closed | -$1.74M |
|
166
Jazz Pharmaceuticals
JAZZ
$15.5B
| – | – |
-88,389
| Closed | -$11M |
|
167
Kroger
KR
$36B
| – | – |
-307,616
| Closed | -$20.8M |
|
|
MRSH
168
Marsh
MRSH
$87.8B
| – | – |
-99,304
| Closed | -$24.2M |
|
169
Nike
NKE
$64.9B
| – | – |
-327,194
| Closed | -$20.8M |
|
170
Nu Holdings
NU
$65.6B
| – | – |
-24,359
| Closed | -$249K |
|
171
Progressive
PGR
$121B
| – | – |
-76,175
| Closed | -$21.6M |
|
172
Phillips 66
PSX
$82.9B
| – | – |
-16,290
| Closed | -$2.01M |
|
173
Spotify
SPOT
$98.3B
| – | – |
-1,347
| Closed | -$741K |
|
|
174
TransDigm Group
TDG
$67.9B
| – | – |
-29,419
| Closed | -$40.7M |
|
|
UBX
175
DELISTED
Unity Biotechnology
UBX
| – | – |
-41,238
| Closed | -$42.9K |
|
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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.