CM

Cercano Management Portfolio holdings

AUM $3.4B

AUM

$3.4B

AUM Growth

-$521M (-13%)

Cap. Flow

+$89.5M

Cap. Flow % of AUM

2.63%

Top 10 Holdings %Top 10 Hldgs %

47.77%

Holding

190

New

16

Increased

19

Reduced

30

Closed

42

Top Buys

1	Air Products & Chemicals APD	$54.6M
2	Health Care Select Sector SPDR Fund XLV	$44.9M
3	Northrop Grumman NOC	$39.4M
4	Quanta Services PWR	$35.6M
5	Palo Alto Networks PANW	$33.2M

Top Sells

1	Invesco S&P 500 Equal Weight ETF RSP	$115M
2	Microsoft MSFT	$53.6M
3	Amazon AMZN	$43.5M
4	Xtrackers USD High Yield Corporate Bond ETF HYLB	$30M
5	AbbVie ABBV	$20.2M

Sector Composition

1	Technology	22.99%
2	Industrials	21.68%
3	Financials	16.22%
4	Communication Services	7.47%
5	Consumer Discretionary	5%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
176	176 Oaktree Specialty Lending OCSL $1.24B	$0	0%	0 -180,413	Closed	–
177	177 OneMain Financial OMF $5.97B	$0	0%	0 -552,320	Closed	–
178	178 Oracle ORCL $436B	$0	0%	0 -19,133	Closed	–
179	179 PayPal PYPL $68B	$0	0%	0 -2,665	Closed	–
180	180 SPDR Portfolio S&P 600 Small Cap ETF SPSM $10.7B	$0	0%	0 -349,954	Closed	–
181	181 SPDR Blackstone Senior Loan ETF SRLN $6.78B	$0	0%	0 -71,523	Closed	–
182	182 Sterling Infrastructure STRL $5.57B	$0	0%	0 -144,965	Closed	–
183	183 ProShares Trust UltraShort Lehman 20+ Year Treasury TBT $310M	$0	0%	0 -135,916	Closed	–
184	184 BlackRock TCP Capital TCPC $641M	$0	0%	0 -148,400	Closed	–
185	185 T-Mobile US TMUS $274B	$0	0%	0 -47,003	Closed	–
186	186 TSMC TSM $990B	$0	0%	0 -220,931	Closed	–
187	187 Western Alliance Bancorporation WAL $7.88B	$0	0%	0 -212,027	Closed	–
188	188 Westlake Corp WLK $9.18B	$0	0%	0 -1,978	Closed	–
189	189 SPDR S&P Transportation ETF XTN $192M	$0	0%	0 -85,434	Closed	–
190	190 Zeta Global ZETA $3.09B	$0	0%	0 -860,202	Closed	–