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CM

Cercano Management Portfolio holdings

AUM $2.32B
1-Year Est. Return 30.12%
This Fund
S&P 500
This Quarter Est. Return
+1.96%
1 Year Est. Return
+30.12%
3 Year Est. Return
+102.51%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$4.18B
AUM Growth
+$427M
Cap. Flow
+$426M
Cap. Flow %
10.2%
Top 10 Hldgs %
49.32%
Holding
180
New
81
Increased
25
Reduced
21
Closed
24

Top Buys

Rank Stock Value
1
RSP icon
Invesco S&P 500 Equal Weight ETF
RSP
+$204M
2
QXO
QXO Inc
QXO
+$191M
3
META icon
Meta Platforms (Facebook)
META
+$95.7M
4
LEN icon
Lennar Class A
LEN
+$77.8M
5
SPSM icon
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
+$63.7M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$76.8M
2
AAPL icon
Apple
AAPL
+$53.3M
3
WAL icon
Western Alliance Bancorporation
WAL
+$45.2M
4
CDNS icon
Cadence Design Systems
CDNS
+$45.1M
5
MDY icon
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
+$45M

Sector Composition

Rank Sector Weight
1 Industrials 22.94%
2 Technology 21.93%
3 Financials 12.25%
4 Healthcare 10.01%
5 Consumer Discretionary 7.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$3.45T
$493M 11.78%
1,145,354
-179,677
-14% -$76.8M
XPO icon
2
XPO
XPO
$23.6B
$338M 8.08%
3,142,027
– –
RSP icon
3
Invesco S&P 500 Equal Weight ETF
RSP
$97B
$284M 6.79%
1,583,970
+1,193,025
+305% +$204M
UNP icon
4
Union Pacific
UNP
$174B
$264M 6.3%
1,069,783
+2,479
+0.2% +$601K
LEN icon
5
Lennar Class A
LEN
$19.8B
$134M 3.21%
739,724
+464,590
+169% +$77.8M
AMZN icon
6
Amazon
AMZN
$2.92T
$125M 2.99%
671,611
+6,254
+0.9% +$1.14M
NVEE
7
DELISTED
NV5 Global
NVEE
$119M 2.84%
5,084,776
– –
META icon
8
Meta Platforms (Facebook)
META
$1.42T
$106M 2.55%
+186,018
New +$95.7M
QXO
9
QXO Inc
QXO
$13.8B
$104M 2.48%
+6,564,550
New +$191M
SPY icon
10
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$96.1M 2.3%
167,534
-14,032
-8% -$7.76M
MCO icon
11
Moody's
MCO
$82.8B
$93.4M 2.23%
196,746
+670
+0.3% +$311K
NVDA icon
12
NVIDIA
NVDA
$4.86T
$85.2M 2.04%
701,230
+32,330
+5% +$3.82M
UNH icon
13
UnitedHealth
UNH
$376B
$81.8M 1.96%
139,837
+2,211
+2% +$1.25M
SCHW
14
Charles Schwab
SCHW
$183B
$73.6M 1.76%
1,135,480
+720
+0.1% +$47.3K
GOOG icon
15
Alphabet (Google) Class C
GOOG
$4.36T
$72.8M 1.74%
435,519
-53,032
-11% -$8.98M
V icon
16
Visa
V
$684B
$71.4M 1.71%
259,580
+1,392
+0.5% +$376K
SPSM icon
17
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
$17.1B
$66M 1.58%
+1,450,925
New +$63.7M
SPGI icon
18
S&P Global
SPGI
$121B
$65.8M 1.57%
127,294
+880
+0.7% +$436K
UBER icon
19
Uber
UBER
$143B
$64.5M 1.54%
857,708
– –
DHR icon
20
Danaher
DHR
$137B
$61.1M 1.46%
219,699
– –
HYLB icon
21
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.52B
$56.8M 1.36%
1,537,172
– –
DXCM icon
22
DexCom
DXCM
$32.2B
$51.3M 1.23%
765,416
+538,166
+237% +$44.2M
MCK icon
23
McKesson
MCK
$100B
$50.3M 1.2%
101,790
+29,455
+41% +$16.4M
FROG icon
24
JFrog
FROG
$9.66B
$49M 1.17%
1,688,029
+84,280
+5% +$2.65M
OMF icon
25
OneMain Financial
OMF
$7.23B
$45.9M 1.1%
974,344
+816,157
+516% +$39.2M
1
2 3 4 5

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NDSIB
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ABI
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MFAM
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NSAM
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LFM
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BAM
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Cercano Management's Q3 2024 Portfolio in Review

As of Q3 2024, Cercano Management held 180 positions worth $4.18B, up 11% from $3.76B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Cercano Management deployed $426M of net new capital in Q3 2024, opening 81 new positions and adding to 25 existing holdings. Its largest new stake was QXO Inc: 6,564,550 shares worth $104M.

By sector, the portfolio is most concentrated in Industrials at 23% of assets, up from 21% a quarter earlier, followed by Technology and Financials.

On the sell side, the largest reduction was Microsoft, an estimated $76.8M trimmed.

  • Cercano Management's largest Q3 2024 buy was QXO Inc: 6,564,550 shares worth $104M.
  • Cercano Management added most to Invesco S&P 500 Equal Weight ETF in Q3 2024, an estimated $204M increase.
  • Cercano Management's biggest Q3 2024 reduction was Microsoft, cutting an estimated $76.8M.
  • Cercano Management fully exited Cadence Design Systems in Q3 2024, selling an estimated $45.1M.
  • Cercano Management's ten largest holdings make up 49% of its $4.18B portfolio in Q3 2024.
  • Cercano Management opened 81 new positions and closed 24 in Q3 2024.
  • Cercano Management's portfolio value rose 11% quarter-over-quarter to $4.18B.

Based on Cercano Management's 13F filing for Q3 2024, filed 14 Nov 2024.