Cercano Management LLC
- SEC CIK
- 0001936416
- Latest filing
- Aug 13, 2026
Holdings in Q4 2025
Holdings as of Dec 31, 2025, filed Feb 10, 2026. Long positions only; changes compare share counts with Q3 2025.
- Positions
- 145
- −3 vs. Q3 2025
- Portfolio value
- $2.64B
- +$40.1M (+1.5%) vs. Q3 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| MSFTMicrosoft Corp | Stock | 542,736 | $294.6M | 11.2% | −94,667−14.9% | Reduced | History |
| XPOXPO, Inc. | COM | 1,945,996 | $264.5M | 10.0% | 00.0% | Unchanged | History |
| UNPUnion Pacific Corp | Stock | 1,126,608 | $260.6M | 9.9% | +24,495+2.2% | Added | History |
| QXOQXO, Inc. | COM NEW | 10,815,832 | $208.6M | 7.9% | +230,516+2.2% | Added | History |
| LLYEli Lilly & Co | Stock | 142,454 | $153.1M | 5.8% | −6,933−4.6% | Reduced | History |
| NVDANVIDIA Corp | Stock | 626,158 | $116.8M | 4.4% | +113,079+22.0% | Added | History |
| Invesco Exchange Traded FD T46137V357 | S&P500 EQL WGT | 534,478 | $102.4M | 3.9% | −89,603−14.4% | Reduced | – |
| METAMeta Platforms, Inc. | Stock | 151,007 | $99.7M | 3.8% | +18,718+14.1% | Added | History |
| AMZNAmazon Com Inc | Stock | 251,539 | $58.1M | 2.2% | 00.0% | Unchanged | History |
| IAUiShares Gold Trust | ETF | 497,522 | $40.4M | 1.5% | +437,653+731.0% | Added | History |
| SCHWSchwab Charles Corp | Stock | 390,217 | $39.0M | 1.5% | 00.0% | Unchanged | History |
| SPYSPDR S&P 500 ETF Trust | ETF | 55,788 | $38.0M | 1.4% | +3,601+6.9% | Added | History |
| CEGConstellation Energy Corp | Stock | 100,915 | $35.7M | 1.3% | 00.0% | Unchanged | History |
| PANWPalo Alto Networks Inc | Stock | 190,830 | $35.2M | 1.3% | +94,740+98.6% | Added | History |
| SPDR Series Trust78464A284 | ST NUVE HIGH ETF | 1,387,825 | $34.6M | 1.3% | 00.0% | Unchanged | – |
| SPDR Index Shs FDS78463X509 | ST PORT MARK ETF | 642,100 | $30.1M | 1.1% | +609,825+1,889.5% | Added | – |
| UNHUnitedHealth Group Inc | Stock | 90,927 | $30.0M | 1.1% | +14,312+18.7% | Added | History |
| Invesco QQQ Trust Series I46090E103 | ETF | 48,739 | $29.9M | 1.1% | −8,212−14.4% | Reduced | – |
| TICTIC Solutions, Inc. | COM | 2,902,230 | $29.3M | 1.1% | 00.0% | Unchanged | History |
| MCOMoodys Corp | Stock | 57,368 | $29.3M | 1.1% | 00.0% | Unchanged | History |
| GOOGLAlphabet Inc. | Stock | 89,837 | $28.1M | 1.1% | +1,301+1.5% | Added | History |
| SPGIS&P Global Inc. | Stock | 52,035 | $27.2M | 1.0% | 00.0% | Unchanged | History |
| VVisa Inc. | Stock | 77,039 | $27.0M | 1.0% | 00.0% | Unchanged | History |
| BKSYBlackSky Technology Inc. | CL A NEW | 1,243,976 | $23.3M | 0.9% | 00.0% | Unchanged | History |
| COFCapital One Financial Corp | Stock | 94,570 | $22.9M | 0.9% | +32,789+53.1% | Added | History |
| GEVGE Vernova Inc. | Stock | 33,199 | $21.7M | 0.8% | 00.0% | Unchanged | History |
| APOApollo Global Management, Inc. | COM | 147,599 | $21.4M | 0.8% | 00.0% | Unchanged | History |
| SHWSherwin Williams Co | COM | 65,792 | $21.3M | 0.8% | +8,087+14.0% | Added | History |
| BABoeing Co | Stock | 91,002 | $19.8M | 0.7% | +39,012+75.0% | Added | History |
| GOOGAlphabet Inc. | Stock | 62,738 | $19.7M | 0.7% | 00.0% | Unchanged | History |
| AAPLApple Inc. | Stock | 64,847 | $17.6M | 0.7% | −16,596−20.4% | Reduced | History |
| iShares Inc464286822 | MSCI MEXICO ETF | 239,617 | $16.6M | 0.6% | 00.0% | Unchanged | – |
| JPMJPMorgan Chase & Co | Stock | 49,354 | $15.9M | 0.6% | 00.0% | Unchanged | History |
| LINLinde PLC | Stock | 36,908 | $15.7M | 0.6% | +36,908 | New | History |
| iShares Inc464286400 | MSCI BRAZIL ETF | 490,980 | $15.6M | 0.6% | +490,980 | New | – |
| iShares Core U.S. Aggregate Bond ETF464287226 | ETF | 151,570 | $15.1M | 0.6% | 00.0% | Unchanged | – |
| SPDR Series Trust78468R739 | ST NUVE TERM ETF | 314,202 | $15.1M | 0.6% | 00.0% | Unchanged | – |
| COSTCostco Wholesale Corp | Stock | 17,139 | $14.8M | 0.6% | +16,427+2,307.2% | Added | History |
| BSXBoston Scientific Corp | Stock | 153,931 | $14.7M | 0.6% | +148,414+2,690.1% | Added | History |
| WMSAdvanced Drainage Systems, Inc. | COM | 100,224 | $14.5M | 0.5% | 00.0% | Unchanged | History |
| State Street Technology Select Sector SPDR ETF81369Y803 | ETF | 98,448 | $14.2M | 0.5% | −48,054−32.8% | ReducedConverted for a 2-for-1 split | – |
| NAUTNautilus Biotechnology, Inc. | COM | 7,172,985 | $14.0M | 0.5% | 00.0% | Unchanged | History |
| PWRQuanta Services, Inc. | COM | 33,062 | $14.0M | 0.5% | 00.0% | Unchanged | History |
| Franklin Templeton ETF Tr35473P744 | FTSE JAPAN ETF | 399,037 | $13.7M | 0.5% | 00.0% | Unchanged | – |
| Vanguard Morningstar Value ETF922908744 | ETF | 69,120 | $13.2M | 0.5% | 00.0% | Unchanged | – |
| iShares Inc464286772 | MSCI STH KOR ETF | 132,765 | $12.9M | 0.5% | 00.0% | Unchanged | – |
| DHRDanaher Corp | Stock | 56,232 | $12.9M | 0.5% | +56,232 | New | History |
| LRCXLam Research Corp | Stock | 72,360 | $12.4M | 0.5% | +63,800+745.3% | Added | History |
| BACBank of America Corp | Stock | 221,184 | $12.2M | 0.5% | 00.0% | Unchanged | History |
| AONAon plc | CL A | 30,352 | $10.7M | 0.4% | +30,352 | New | History |
| MLMMartin Marietta Materials Inc | COM | 17,164 | $10.7M | 0.4% | 00.0% | Unchanged | History |
| DNLIDenali Therapeutics Inc. | COM | 625,000 | $10.3M | 0.4% | 00.0% | Unchanged | History |
| State Street SPDR Portfolio S&P 500 High Dividend ETF78468R788 | ETF | 217,913 | $9.42M | 0.4% | 00.0% | Unchanged | – |
| LPXLouisiana-Pacific Corp | COM | 115,410 | $9.32M | 0.4% | 00.0% | Unchanged | History |
| ORLYO Reilly Automotive Inc | Stock | 95,435 | $8.70M | 0.3% | 00.0% | Unchanged | History |
| Franklin Templeton ETF Tr35473P710 | FTSE SOUTH KOREA | 263,694 | $8.45M | 0.3% | 00.0% | Unchanged | – |
| HDHome Depot, Inc. | Stock | 23,874 | $8.22M | 0.3% | +21,444+882.5% | Added | History |
| GRABGrab Holdings Ltd | CLASS A ORD | 1,600,000 | $7.98M | 0.3% | +1,600,000 | New | History |
| State Street Health Care Select Sector SPDR ETF81369Y209 | ETF | 51,519 | $7.98M | 0.3% | −7,321−12.4% | Reduced | – |
| WMTWalmart Inc. | Stock | 69,379 | $7.73M | 0.3% | +55,744+408.8% | Added | History |
| Global X FDS37954Y830 | GLOBAL X COPPER | 107,493 | $7.72M | 0.3% | +107,493 | New | – |
| DELLDell Technologies Inc. | Stock | 54,087 | $6.81M | 0.3% | 00.0% | Unchanged | History |
| State Street Energy Select Sector SPDR ETF81369Y506 | ETF | 148,672 | $6.65M | 0.3% | 00.0% | UnchangedConverted for a 2-for-1 split | – |
| URIUnited Rentals, Inc. | COM | 7,458 | $6.04M | 0.2% | +7,248+3,451.4% | Added | History |
| IBITiShares Bitcoin Trust ETF | ETF | 117,140 | $5.82M | 0.2% | 00.0% | Unchanged | History |
| BLDRBuilders FirstSource, Inc. | Stock | 51,128 | $5.26M | 0.2% | −9,172−15.2% | Reduced | History |
| iShares Russell 2000 ETF464287655 | ETF | 18,137 | $4.46M | 0.2% | 00.0% | Unchanged | – |
| AVGOBroadcom Inc. | Stock | 12,877 | $4.46M | 0.2% | 00.0% | Unchanged | History |
| INSWInternational Seaways, Inc. | COM | 85,219 | $4.14M | 0.2% | +85,219 | New | History |
| EPDEnterprise Products Partners L.P. | Stock | 120,021 | $3.85M | 0.1% | 00.0% | Unchanged | History |
| State Street SPDR Portfolio S&P 500 ETF78464A854 | ETF | 45,151 | $3.62M | 0.1% | 00.0% | Unchanged | – |
| TRTXTPG RE Finance Trust, Inc. | COM | 401,607 | $3.46M | 0.1% | 00.0% | Unchanged | History |
| PIMCO ETF Tr72201R866 | INTER MUN BD ACT | 57,919 | $3.04M | 0.1% | 00.0% | Unchanged | – |
| iShares MSCI India ETF46429B598 | ETF | 46,470 | $2.51M | 0.1% | 00.0% | Unchanged | – |
| Vanguard S&P 500 ETF922908363 | ETF | 3,941 | $2.47M | 0.1% | 00.0% | Unchanged | – |
| MAMastercard Inc | Stock | 2,574 | $1.47M | 0.1% | 00.0% | Unchanged | History |
| WMBWilliams Companies, Inc. | COM | 23,863 | $1.43M | 0.1% | +23,863 | New | History |
| HAFNHafnia Ltd | COMMON STOCK | 264,379 | $1.43M | 0.1% | +264,379 | New | History |
| STWDStarwood Property Trust, Inc. | COM | 79,029 | $1.42M | 0.1% | 00.0% | Unchanged | History |
| TSLATesla, Inc. | Stock | 3,048 | $1.37M | 0.1% | 00.0% | Unchanged | History |
| PSXPhillips 66 | Stock | 10,522 | $1.36M | 0.1% | +10,522 | New | History |
| CATCaterpillar Inc | Stock | 2,180 | $1.25M | <0.1% | 00.0% | Unchanged | History |
| Capital Group International14021T102 | SHS | 32,733 | $1.06M | <0.1% | 00.0% | Unchanged | – |
| SPDR Series Trust78464A672 | ST INTER ETF | 35,199 | $1.02M | <0.1% | 00.0% | Unchanged | – |
| NFLXNetflix Inc | Stock | 10,330 | $968.5K | <0.1% | 00.0% | UnchangedConverted for a 10-for-1 split | History |
| ETNEaton Corp plc | Stock | 2,550 | $812.2K | <0.1% | 00.0% | Unchanged | History |
| MRKMerck & Co., Inc. | Stock | 7,156 | $753.2K | <0.1% | 00.0% | Unchanged | History |
| AMATApplied Materials Inc | Stock | 2,896 | $744.2K | <0.1% | 00.0% | Unchanged | History |
| BRK.BBerkshire Hathaway Inc | Stock | 1,369 | $688.1K | <0.1% | 00.0% | Unchanged | History |
| TXNTexas Instruments Inc | Stock | 3,563 | $618.1K | <0.1% | 00.0% | Unchanged | History |
| PGProcter & Gamble Co | Stock | 4,272 | $612.2K | <0.1% | 00.0% | Unchanged | History |
| TTTrane Technologies plc | SHS | 1,517 | $590.4K | <0.1% | +1,517 | New | History |
| GPORGulfport Energy Corp | COMMON SHARES | 2,819 | $586.3K | <0.1% | −8,127−74.2% | Reduced | History |
| FANGDiamondback Energy, Inc. | Stock | 3,566 | $536.1K | <0.1% | 00.0% | Unchanged | History |
| NEMNEWMONT Corp | Stock | 5,118 | $511.0K | <0.1% | 00.0% | Unchanged | History |
| State Street Communication Services Select Sector SPDR ETF81369Y852 | ETF | 4,267 | $502.3K | <0.1% | 00.0% | Unchanged | – |
| MSMorgan Stanley | Stock | 2,812 | $499.2K | <0.1% | 00.0% | Unchanged | History |
| ADBEAdobe Inc. | Stock | 1,412 | $494.2K | <0.1% | 00.0% | Unchanged | History |
| KKRKKR & Co. Inc. | COM | 3,560 | $453.8K | <0.1% | 00.0% | Unchanged | History |
| HCAHCA Healthcare, Inc. | COM | 970 | $452.9K | <0.1% | 00.0% | Unchanged | History |
Options (1)
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 |
|---|---|---|---|
| Linde PLCG54950903 | SHS | – | $586.2K |
Sold out since Q3 2025 (21)
Positions held at the end of Q3 2025 that are gone from this filing.
| Security | Class | Shares in Q3 2025 | Value in Q3 2025 | % of portfolio in Q3 2025 | History |
|---|---|---|---|---|---|
| COOPMaverick Merger Sub 2, LLC | COM | 285,331 | $60.1M | 2.3% | History |
| GLDSPDR Gold Trust | ETF | 96,309 | $34.2M | 1.3% | History |
| PDOPIMCO Dynamic Income Opportunities Fund | COM BEN SHS | 1,666,651 | $23.5M | 0.9% | History |
| STXSeagate Technology Holdings plc | ORD SHS | 63,842 | $15.1M | 0.6% | History |
| UBERUber Technologies, Inc | Stock | 133,997 | $13.1M | 0.5% | History |
| SLViShares Silver Trust | ETF | 270,859 | $11.5M | 0.4% | History |
| ANETArista Networks, Inc. | Stock | 77,364 | $11.3M | 0.4% | History |
| WALWestern Alliance Bancorporation | COM | 90,774 | $7.87M | 0.3% | History |
| DALDelta Air Lines, Inc. | COM NEW | 129,666 | $7.36M | 0.3% | History |
| DASHDoorDash, Inc. | Stock | 25,807 | $7.02M | 0.3% | History |
| LIONLionsgate Studios Corp. | COM | 973,567 | $6.72M | 0.3% | History |
| IBKRInteractive Brokers Group, Inc. | Stock | 77,749 | $5.35M | 0.2% | History |
| State Street Consumer Staples Select Sector SPDR ETF81369Y308 | ETF | 65,127 | $5.10M | 0.2% | – |
| State Street Utilities Select Sector SPDR ETF81369Y886 | ETF | 56,688 | $4.94M | 0.2% | – |
| JHXJames Hardie Industries plc | Stock | 237,647 | $4.57M | 0.2% | History |
| Sandstorm Gold Ltd Com New80013R206 | Stock | 226,238 | $2.83M | 0.1% | – |
| iShares Tr464287812 | US CONSM STAPLES | 25,446 | $1.74M | 0.1% | – |
| SLMSLM Corp | COM | 20,000 | $553.6K | <0.1% | History |
| ORCLOracle Corp | Stock | 926 | $260.4K | <0.1% | History |
| VZVerizon Communications Inc | Stock | 5,193 | $228.2K | <0.1% | History |
| DOCHealthpeak Properties, Inc. | COM | 10,451 | $200.1K | <0.1% | History |