Cercano Management LLC
- SEC CIK
- 0001936416
- Latest filing
- Aug 13, 2026
Holdings in Q2 2025
Holdings as of Jun 30, 2025, filed Aug 8, 2025. Long positions only; changes compare share counts with Q1 2025.
- Positions
- 148
- 0 vs. Q1 2025
- Portfolio value
- $3.50B
- +$100.6M (+3.0%) vs. Q1 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| MSFTMicrosoft Corp | Stock | 808,865 | $402.3M | 11.5% | −145,470−15.2% | Reduced | History |
| XPOXPO, Inc. | COM | 2,094,841 | $264.6M | 7.5% | −65,132−3.0% | Reduced | History |
| UNPUnion Pacific Corp | Stock | 1,069,783 | $246.1M | 7.0% | 00.0% | Unchanged | History |
| QXOQXO, Inc. | COM NEW | 11,405,248 | $245.7M | 7.0% | +4,840,698+73.7% | Added | History |
| Invesco Exchange Traded FD T46137V357 | S&P500 EQL WGT | 784,408 | $142.6M | 4.1% | −16,456−2.1% | Reduced | – |
| METAMeta Platforms, Inc. | Stock | 188,471 | $139.1M | 4.0% | −40,942−17.8% | Reduced | History |
| AMZNAmazon Com Inc | Stock | 632,662 | $138.8M | 4.0% | +156,168+32.8% | Added | History |
| LLYEli Lilly & Co | Stock | 173,783 | $135.5M | 3.9% | +172,678+15,627.0% | Added | History |
| NVDANVIDIA Corp | Stock | 762,910 | $120.5M | 3.4% | −136,142−15.1% | Reduced | History |
| NVEENV5 Global, Inc. | COM | 3,925,599 | $90.6M | 2.6% | 00.0% | Unchanged | History |
| SCHWSchwab Charles Corp | Stock | 740,267 | $67.5M | 1.9% | −395,213−34.8% | Reduced | History |
| COOPMaverick Merger Sub 2, LLC | COM | 359,803 | $53.7M | 1.5% | −495,505−57.9% | Reduced | History |
| MCOMoodys Corp | Stock | 105,287 | $52.8M | 1.5% | −64,882−38.1% | Reduced | History |
| VVisa Inc. | Stock | 143,181 | $50.8M | 1.5% | −116,399−44.8% | Reduced | History |
| SPGIS&P Global Inc. | Stock | 95,348 | $50.3M | 1.4% | −31,946−25.1% | Reduced | History |
| State Street Health Care Select Sector SPDR ETF81369Y209 | ETF | 358,568 | $48.3M | 1.4% | −533,890−59.8% | Reduced | – |
| CEGConstellation Energy Corp | Stock | 144,005 | $46.5M | 1.3% | +144,005 | New | History |
| UNHUnitedHealth Group Inc | Stock | 147,508 | $46.0M | 1.3% | −1,536−1.0% | Reduced | History |
| UBERUber Technologies, Inc | Stock | 463,425 | $43.2M | 1.2% | −396,388−46.1% | Reduced | History |
| AAPLApple Inc. | Stock | 203,207 | $41.7M | 1.2% | −72,592−26.3% | Reduced | History |
| Invesco QQQ Trust Series I46090E103 | ETF | 75,066 | $41.4M | 1.2% | +75,066 | New | – |
| PWRQuanta Services, Inc. | COM | 108,650 | $41.1M | 1.2% | −31,469−22.5% | Reduced | History |
| APOApollo Global Management, Inc. | COM | 272,049 | $38.6M | 1.1% | −25,936−8.7% | Reduced | History |
| SPYSPDR S&P 500 ETF Trust | ETF | 59,481 | $36.8M | 1.0% | −81,593−57.8% | Reduced | History |
| PANWPalo Alto Networks Inc | Stock | 174,028 | $35.6M | 1.0% | −39,551−18.5% | Reduced | History |
| SPDR Series Trust78464A284 | ST NUVE HIGH ETF | 1,387,825 | $34.4M | 1.0% | 00.0% | Unchanged | – |
| GEVGE Vernova Inc. | Stock | 60,920 | $32.2M | 0.9% | +60,920 | New | History |
| GLDSPDR Gold Trust | ETF | 100,346 | $30.6M | 0.9% | −1,659−1.6% | Reduced | History |
| APDAir Products & Chemicals, Inc. | Stock | 105,548 | $29.8M | 0.8% | −79,748−43.0% | Reduced | History |
| AONAon plc | CL A | 83,237 | $29.7M | 0.8% | +83,237 | New | History |
| SBUXStarbucks Corp | Stock | 309,466 | $28.4M | 0.8% | −116,187−27.3% | Reduced | History |
| JPMJPMorgan Chase & Co | Stock | 94,073 | $27.3M | 0.8% | +94,073 | New | History |
| MLMMartin Marietta Materials Inc | COM | 48,015 | $26.4M | 0.8% | −15,654−24.6% | Reduced | History |
| DBX ETF Tr233051432 | XTRACK USD HIGH | 706,147 | $26.1M | 0.7% | 00.0% | Unchanged | – |
| BKSYBlackSky Technology Inc. | CL A NEW | 1,243,976 | $25.6M | 0.7% | 00.0% | Unchanged | History |
| ORLYO Reilly Automotive Inc | Stock | 275,507 | $24.8M | 0.7% | +272,312+8,523.1% | AddedConverted for a 15-for-1 split | History |
| FROGJFrog Ltd | Stock | 521,809 | $22.9M | 0.7% | −147,873−22.1% | Reduced | History |
| State Street Consumer Staples Select Sector SPDR ETF81369Y308 | ETF | 281,233 | $22.8M | 0.6% | −112,155−28.5% | Reduced | – |
| WMSAdvanced Drainage Systems, Inc. | COM | 196,785 | $22.6M | 0.6% | −51,587−20.8% | Reduced | History |
| PDOPIMCO Dynamic Income Opportunities Fund | COM BEN SHS | 1,666,651 | $22.5M | 0.6% | +295,858+21.6% | Added | History |
| GOOGLAlphabet Inc. | Stock | 124,387 | $21.9M | 0.6% | −171,676−58.0% | Reduced | History |
| State Street Utilities Select Sector SPDR ETF81369Y886 | ETF | 244,801 | $20.0M | 0.6% | −97,606−28.5% | Reduced | – |
| COFCapital One Financial Corp | Stock | 91,145 | $19.4M | 0.6% | +91,145 | New | History |
| GOOGAlphabet Inc. | Stock | 105,230 | $18.7M | 0.5% | −245,042−70.0% | Reduced | History |
| BACBank of America Corp | Stock | 393,877 | $18.6M | 0.5% | +372,127+1,710.9% | Added | History |
| ALNYAlnylam Pharmaceuticals, Inc. | COM | 56,953 | $18.6M | 0.5% | +36,181+174.2% | Added | History |
| WALWestern Alliance Bancorporation | COM | 223,329 | $17.4M | 0.5% | +223,329 | New | History |
| DELLDell Technologies Inc. | Stock | 137,152 | $16.8M | 0.5% | +137,152 | New | History |
| DALDelta Air Lines, Inc. | COM NEW | 338,267 | $16.6M | 0.5% | +338,267 | New | History |
| NOCNorthrop Grumman Corp | Stock | 33,120 | $16.6M | 0.5% | −44,275−57.2% | Reduced | History |
| MELIMercadolibre Inc | COM | 5,822 | $15.2M | 0.4% | +5,822 | New | History |
| iShares Core U.S. Aggregate Bond ETF464287226 | ETF | 151,570 | $15.0M | 0.4% | 00.0% | Unchanged | – |
| SPDR Series Trust78468R739 | ST NUVE TERM ETF | 314,202 | $15.0M | 0.4% | 00.0% | Unchanged | – |
| ISRGIntuitive Surgical Inc | COM NEW | 26,834 | $14.6M | 0.4% | −4,629−14.7% | Reduced | History |
| iShares Inc464286822 | MSCI MEXICO ETF | 239,617 | $14.5M | 0.4% | +239,617 | New | – |
| ROSTRoss Stores, Inc. | COM | 107,845 | $13.8M | 0.4% | −2,748−2.5% | Reduced | History |
| IBKRInteractive Brokers Group, Inc. | Stock | 248,179 | $13.8M | 0.4% | −100,593−28.8% | ReducedConverted for a 4-for-1 split | History |
| GRABGrab Holdings Ltd | CLASS A ORD | 2,643,417 | $13.3M | 0.4% | −2,643,416−50.0% | Reduced | History |
| OWLBlue Owl Capital Inc. | COM CL A | 648,965 | $12.5M | 0.4% | −234,320−26.5% | Reduced | History |
| Vanguard Morningstar Value ETF922908744 | ETF | 69,120 | $12.2M | 0.3% | 00.0% | Unchanged | – |
| State Street Technology Select Sector SPDR ETF81369Y803 | ETF | 41,312 | $10.5M | 0.3% | +41,312 | New | – |
| TKOTKO Group Holdings, Inc. | CL A | 53,678 | $9.77M | 0.3% | −21,417−28.5% | Reduced | History |
| State Street SPDR Portfolio S&P 500 High Dividend ETF78468R788 | ETF | 217,913 | $9.25M | 0.3% | 00.0% | Unchanged | – |
| SLViShares Silver Trust | ETF | 270,859 | $8.89M | 0.3% | −117,644−30.3% | Reduced | History |
| DNLIDenali Therapeutics Inc. | COM | 625,000 | $8.74M | 0.2% | 00.0% | Unchanged | History |
| IBITiShares Bitcoin Trust ETF | ETF | 117,140 | $7.17M | 0.2% | 00.0% | Unchanged | History |
| State Street Energy Select Sector SPDR ETF81369Y506 | ETF | 74,336 | $6.30M | 0.2% | −85,474−53.5% | Reduced | – |
| LIONLionsgate Studios Corp. | COM | 973,567 | $5.66M | 0.2% | +973,567 | New | History |
| NAUTNautilus Biotechnology, Inc. | COM | 7,172,985 | $5.20M | 0.1% | 00.0% | Unchanged | History |
| MCKMcKesson Corp | Stock | 6,717 | $4.92M | 0.1% | 00.0% | Unchanged | History |
| PIMCO ETF Tr72201R866 | INTER MUN BD ACT | 77,034 | $3.96M | 0.1% | +19,551+34.0% | Added | – |
| iShares Russell 2000 ETF464287655 | ETF | 18,137 | $3.91M | 0.1% | −13,147−42.0% | Reduced | – |
| ETEnergy Transfer LP | COM UT LTD PTN | 209,295 | $3.79M | 0.1% | 00.0% | Unchanged | History |
| IAUiShares Gold Trust | ETF | 59,869 | $3.73M | 0.1% | 00.0% | Unchanged | History |
| EPDEnterprise Products Partners L.P. | Stock | 120,021 | $3.72M | 0.1% | 00.0% | Unchanged | History |
| AVGOBroadcom Inc. | Stock | 12,877 | $3.55M | 0.1% | −82−0.6% | Reduced | History |
| INSWInternational Seaways, Inc. | COM | 90,265 | $3.29M | 0.1% | −6,359−6.6% | Reduced | History |
| iShares Inc464286772 | MSCI STH KOR ETF | 43,201 | $3.10M | 0.1% | +43,201 | New | – |
| TRTXTPG RE Finance Trust, Inc. | COM | 401,607 | $3.10M | 0.1% | 00.0% | Unchanged | History |
| iShares MSCI India ETF46429B598 | ETF | 46,470 | $2.59M | 0.1% | +46,470 | New | – |
| Sandstorm Gold Ltd Com New80013R206 | Stock | 266,435 | $2.51M | 0.1% | −50,663−16.0% | Reduced | – |
| Vanguard S&P 500 ETF922908363 | ETF | 3,941 | $2.24M | 0.1% | −3,942−50.0% | Reduced | – |
| iShares Tr464287812 | US CONSM STAPLES | 29,967 | $2.11M | 0.1% | −5,698−16.0% | Reduced | – |
| GPORGulfport Energy Corp | COMMON SHARES | 9,571 | $1.93M | 0.1% | −1,820−16.0% | Reduced | History |
| STWDStarwood Property Trust, Inc. | COM | 79,029 | $1.59M | <0.1% | 00.0% | Unchanged | History |
| PAAPlains All American Pipeline LP | UNIT LTD PARTN | 85,192 | $1.56M | <0.1% | 00.0% | Unchanged | History |
| MAMastercard Inc | Stock | 2,574 | $1.45M | <0.1% | 00.0% | Unchanged | History |
| NFLXNetflix Inc | Stock | 1,033 | $1.38M | <0.1% | −299−22.4% | Reduced | History |
| WMTWalmart Inc. | Stock | 13,635 | $1.33M | <0.1% | 00.0% | Unchanged | History |
| HAFNHafnia Ltd | COMMON STOCK | 264,379 | $1.33M | <0.1% | +264,379 | New | History |
| WUWestern Union CO | Stock | 149,869 | $1.26M | <0.1% | 00.0% | Unchanged | History |
| SPDR Series Trust78464A672 | ST INTER ETF | 35,199 | $1.01M | <0.1% | 00.0% | Unchanged | – |
| TSLATesla, Inc. | Stock | 3,048 | $968.2K | <0.1% | 00.0% | Unchanged | History |
| ETNEaton Corp plc | Stock | 2,550 | $910.3K | <0.1% | 00.0% | Unchanged | History |
| HDHome Depot, Inc. | Stock | 2,430 | $890.9K | <0.1% | 00.0% | Unchanged | History |
| CATCaterpillar Inc | Stock | 2,180 | $846.3K | <0.1% | 00.0% | Unchanged | History |
| LRCXLam Research Corp | Stock | 8,560 | $833.2K | <0.1% | 00.0% | Unchanged | History |
| TXNTexas Instruments Inc | Stock | 3,563 | $739.8K | <0.1% | 00.0% | Unchanged | History |
| COSTCostco Wholesale Corp | Stock | 712 | $704.8K | <0.1% | −1,273−64.1% | Reduced | History |
| PGProcter & Gamble Co | Stock | 4,272 | $680.6K | <0.1% | 00.0% | Unchanged | History |
Options (6)
Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.
| Security | Class | Puts | Calls |
|---|---|---|---|
| Qxo Inc82846H955 | PUT | $226.2K | – |
| CSX Corp126408903 | CALL | – | $94.9K |
| Alphabet Inc02079K955 | PUT | $31.9K | – |
| Oreilly Automotive Inc67103H957 | PUT | $21.0K | – |
| Salesforce Com Inc79466L952 | PUT | $9.02K | – |
| Mr Cooper Group Inc62482R957 | PUT | $1.40K | – |
Sold out since Q1 2025 (22)
Positions held at the end of Q1 2025 that are gone from this filing.
| Security | Class | Shares in Q1 2025 | Value in Q1 2025 | % of portfolio in Q1 2025 | History |
|---|---|---|---|---|---|
| TDGTransDigm Group INC | COM | 29,419 | $40.7M | 1.2% | History |
| MRSHMarsh & McLennan Companies, Inc. | Stock | 99,304 | $24.2M | 0.7% | History |
| PGRProgressive Corp | Stock | 76,175 | $21.6M | 0.6% | History |
| KRKroger Co | Stock | 307,616 | $20.8M | 0.6% | History |
| NKENIKE, Inc. | Stock | 327,194 | $20.8M | 0.6% | History |
| FCNFti Consulting, Inc | COM | 119,739 | $19.6M | 0.6% | History |
| DDOGDatadog, Inc. | CL A COM | 188,470 | $18.7M | 0.5% | History |
| ARQTArcutis Biotherapeutics, Inc. | COM | 928,701 | $14.5M | 0.4% | History |
| JAZZJazz Pharmaceuticals plc | SHS USD | 88,389 | $11.0M | 0.3% | History |
| LIONLionsgate Studios Corp. | COM | 983,767 | $7.35M | 0.2% | History |
| PSXPhillips 66 | Stock | 16,290 | $2.01M | 0.1% | History |
| HLMNHillman Solutions Corp. | COM | 197,945 | $1.74M | 0.1% | History |
| SPOTSpotify Technology S.A. | Stock | 1,347 | $740.9K | <0.1% | History |
| DFSDiscover Financial Services | COM | 2,666 | $455.1K | <0.1% | History |
| CMECME Group Inc. | COM | 1,180 | $313.0K | <0.1% | History |
| ACNAccenture plc | Stock | 871 | $271.8K | <0.1% | History |
| NUNu Holdings Ltd. | ORD SHS CL A | 24,359 | $249.4K | <0.1% | History |
| FISVFiserv Inc | Stock | 1,000 | $220.8K | <0.1% | History |
| HALHalliburton Co | Stock | 8,064 | $204.6K | <0.1% | History |
| FOXAFox Corp | CL A COM | 3,539 | $200.3K | <0.1% | History |
| ALECAlector, Inc. | COM | 93,633 | $115.2K | <0.1% | History |
| UBXUnity Biotechnology, Inc. | COM | 41,238 | $42.9K | <0.1% | History |