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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
+3.07%
1 Year Est. Return
+30.12%
3 Year Est. Return
+102.51%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$3.93B
AUM Growth
-$252M
Cap. Flow
-$310M
Cap. Flow %
-7.89%
Top 10 Hldgs %
49.06%
Holding
201
New
45
Increased
16
Reduced
32
Closed
24

Top Buys

Rank Stock Value
1
XLV icon
State Street Health Care Select Sector SPDR ETF
XLV
+$85.6M
2
APO icon
Apollo Global Management
APO
+$46.8M
3
DELL icon
Dell
DELL
+$38.6M
4
WMS icon
Advanced Drainage Systems
WMS
+$35.8M
5
PGR icon
Progressive
PGR
+$33.8M

Top Sells

Rank Stock Value
1
XPO icon
XPO
XPO
+$114M
2
DHR icon
Danaher
DHR
+$61.1M
3
LEN icon
Lennar Class A
LEN
+$53.8M
4
SPSM icon
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
+$51.2M
5
DXCM icon
DexCom
DXCM
+$49.6M

Sector Composition

Rank Sector Weight
1 Technology 21.98%
2 Industrials 21.48%
3 Financials 14.88%
4 Consumer Discretionary 7.55%
5 Communication Services 7.43%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$3.45T
$462M 11.77%
1,097,216
-48,138
-4% -$20.5M
XPO icon
2
XPO
XPO
$23.6B
$302M 7.68%
2,301,487
-840,540
-27% -$114M
RSP icon
3
Invesco S&P 500 Equal Weight ETF
RSP
$97B
$257M 6.54%
1,466,904
-117,066
-7% -$21.2M
UNP icon
4
Union Pacific
UNP
$174B
$244M 6.21%
1,069,783
– –
AMZN icon
5
Amazon
AMZN
$2.92T
$155M 3.94%
705,129
+33,518
+5% +$6.86M
META icon
6
Meta Platforms (Facebook)
META
$1.42T
$134M 3.41%
228,786
+42,768
+23% +$25.1M
QXO
7
QXO Inc
QXO
$13.8B
$104M 2.66%
6,564,550
– –
MCO icon
8
Moody's
MCO
$82.8B
$93.1M 2.37%
196,746
– –
NVDA icon
9
NVIDIA
NVDA
$4.86T
$89.6M 2.28%
667,395
-33,835
-5% -$4.66M
SPY icon
10
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$87.2M 2.22%
148,701
-18,833
-11% -$11.1M
SCHW
11
Charles Schwab
SCHW
$183B
$84M 2.14%
1,135,480
– –
V icon
12
Visa
V
$684B
$82M 2.09%
259,580
– –
XLV icon
13
State Street Health Care Select Sector SPDR ETF
XLV
$41.9B
$80.4M 2.05%
+584,756
New +$85.6M
GOOG icon
14
Alphabet (Google) Class C
GOOG
$4.36T
$77.2M 1.97%
405,558
-29,961
-7% -$5.29M
COOP
15
DELISTED
Mr. Cooper
COOP
$75.9M 1.93%
790,753
+315,801
+66% +$30M
NVEE
16
DELISTED
NV5 Global
NVEE
$74M 1.88%
3,925,599
-1,159,177
-23% -$25.4M
UNH icon
17
UnitedHealth
UNH
$376B
$70.7M 1.8%
139,837
– –
SPGI icon
18
S&P Global
SPGI
$121B
$63.4M 1.61%
127,294
– –
HYLB icon
19
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.52B
$55.5M 1.41%
1,537,172
– –
LEN icon
20
Lennar Class A
LEN
$19.8B
$53.9M 1.37%
408,660
-331,064
-45% -$53.8M
UBER icon
21
Uber
UBER
$143B
$51.7M 1.32%
857,708
– –
GOOGL icon
22
Alphabet (Google) Class A
GOOGL
$4.36T
$50M 1.27%
263,885
+105,223
+66% +$18.4M
AAPL icon
23
Apple
AAPL
$4.54T
$49.4M 1.26%
197,395
+21,352
+12% +$5.03M
APO icon
24
Apollo Global Management
APO
$72.4B
$49.2M 1.25%
297,985
+295,726
+13,091% +$46.8M
TSM icon
25
TSMC
TSM
$2.1T
$43.6M 1.11%
220,931
– –
1
2 3 4 5

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FBIL
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NDSIB
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ABI
Abrams Bison Investments Bethesda, Maryland $2.31B AUM 40.26% 1-Year Est. Return
MFAM
Motley Fool Asset Management Alexandria, Virginia $2.33B AUM 21.93% 1-Year Est. Return
NSAM
North Star Asset Management Neenah, Wisconsin $2.31B AUM 10.09% 1-Year Est. Return
LFM
LGT Fund Management Vaduz, Liechtenstein $2.3B AUM 22.66% 1-Year Est. Return
BAM
Berkshire Asset Management Wilkes Barre, Pennsylvania $2.33B AUM 19.33% 1-Year Est. Return

Cercano Management's Q4 2024 Portfolio in Review

As of Q4 2024, Cercano Management held 201 positions worth $3.93B, down 6% from $4.18B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Cercano Management withdrew a net $310M in Q4 2024, closing 24 positions and reducing 32 holdings. Its most notable exit was Danaher, an estimated $61.1M position sold in full.

By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 22% a quarter earlier, followed by Industrials and Financials.

Against the trend, Cercano Management opened a new position in State Street Health Care Select Sector SPDR ETF worth $80.4M.

  • Cercano Management's largest Q4 2024 buy was State Street Health Care Select Sector SPDR ETF: 584,756 shares worth $80.4M.
  • Cercano Management added most to Apollo Global Management in Q4 2024, an estimated $46.8M increase.
  • Cercano Management's biggest Q4 2024 reduction was XPO, cutting an estimated $114M.
  • Cercano Management fully exited Danaher in Q4 2024, selling an estimated $61.1M.
  • Cercano Management's ten largest holdings make up 49% of its $3.93B portfolio in Q4 2024.
  • Cercano Management opened 45 new positions and closed 24 in Q4 2024.
  • Cercano Management's portfolio value fell 6% quarter-over-quarter to $3.93B.

Based on Cercano Management's 13F filing for Q4 2024, filed 14 Feb 2025.