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Asset Manager ← All Institutions

Cercano Management LLC

Q2 2025 · Filed 2025-08-08
Market Value
$3.5B
+2.8%
Holdings
169
-20
New Purchases
21
Added To
11
Closed
22
Reduced
50
Top 10 Concentration
55.0%
Turnover
25.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
QXO 7.02% 2.61% +4.41% $246M
LLY 3.87% 0.03% +3.85% $135M
CEG 1.33% 0.00% +1.33% $46M
AMZN 3.97% 2.66% +1.30% $139M
QQQ 1.18% 0.00% +1.18% $41M
MSFT 11.50% 10.53% +0.97% $402M
GEV 0.92% 0.00% +0.92% $32M
AON 0.85% 0.00% +0.85% $30M
JPM 0.78% 0.00% +0.78% $27M
XPO 7.56% 6.83% +0.73% $265M
ORLY 0.71% 0.01% +0.70% $25M
NVDA 3.45% 2.86% +0.58% $121M
COF 0.55% 0.00% +0.55% $19M
BAC 0.53% 0.03% +0.51% $19M
WAL 0.50% 0.00% +0.50% $17M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
XLV 1.38% 3.83% -2.45% $48M
COOP 1.53% 3.01% -1.47% $54M
SPY 1.05% 2.32% -1.27% $37M
V 1.45% 2.67% -1.22% $51M
TDG 0.00% 1.20% -1.20% $0
GOOG 0.53% 1.61% -1.07% $19M
UNH 1.32% 2.29% -0.98% $46M
MCO 1.51% 2.33% -0.82% $53M
APD 0.85% 1.61% -0.75% $30M
GOOGL 0.63% 1.35% -0.72% $22M
MMC 0.00% 0.71% -0.71% $0
NOC 0.47% 1.16% -0.69% $17M
SCHW 1.93% 2.61% -0.68% $68M
PGR 0.00% 0.63% -0.63% $0
KR 0.00% 0.61% -0.61% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 42 $1.3B 37.3%
Large Cap 97 $1.9B 53.7%
Mid Cap 20 $167M 4.8%
Small Cap 8 $149M 4.3%
Micro Cap 2 $0 0.0%

Portfolio Analytics

Avg Market Cap
$320.0B
Median Market Cap
$84.4B
Avg P/E
37.3
Median P/E
26.6
Avg Dividend Yield
0.02%
Avg Beta
0.90
# Stocks
141
# ETFs / Funds
28

Top Holdings (169 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 11.50% 808,865 $402M $497.41 $44M -145,470 -15.2%
2 XPO 7.56% 2,094,841 $265M $126.29 $32M -65,132 -3.0%
3 UNP 7.04% 1,069,783 $246M $230.08 -$7M
4 QXO 7.02% 11,405,248 $246M $21.54 $157M +4,840,698 +73.7%
5 RSP 4.07% 784,408 $143M $181.74 $4M -16,456 -2.0%
6 META 3.98% 188,471 $139M $738.09 $7M -40,942 -17.9%
7 AMZN 3.97% 632,662 $139M $219.39 $48M +156,168 +32.8%
8 LLY 3.87% 173,783 $135M $779.53 $135M +172,678 +15627.0%
9 NVDA 3.45% 762,910 $121M $157.99 $23M -136,142 -15.1%
10 NVEE 2.59% 3,925,599 $91M $23.09 $15M
11 SCHW 1.93% 740,267 $68M $91.24 -$21M -395,213 -34.8%
12 COOP 1.53% 359,803 $54M $149.21 -$49M -495,505 -57.9%
13 MCO 1.51% 105,287 $53M $501.59 -$26M -64,882 -38.1%
14 V 1.45% 143,181 $51M $355.05 -$40M -116,399 -44.8%
15 SPGI 1.44% 95,348 $50M $527.29 -$14M -31,946 -25.1%
16 XLV 1.38% 358,568 $48M $134.79 -$82M -533,890 -59.8%
17 CEG 1.33% 144,005 $46M $322.76 +144,005 NEW
18 UNH 1.32% 147,508 $46M $311.97 -$32M -1,536 -1.0%
19 UBER 1.24% 463,425 $43M $93.30 -$19M -396,388 -46.1%
20 AAPL 1.19% 203,207 $42M $205.17 -$20M -72,592 -26.3%
21 QQQ 1.18% 75,066 $41M $551.64 +75,066 NEW
22 PWR 1.17% 108,650 $41M $378.08 $5M -31,469 -22.5%
23 APO 1.10% 272,049 $39M $141.87 -$2M -25,936 -8.7%
24 SPY 1.05% 59,481 $37M $617.85 -$42M -81,593 -57.8%
25 PANW 1.02% 174,028 $36M $204.64 -$832K -39,551 -18.5%
26 HYMB 0.98% 1,387,825 $34M $24.78 -$611K
27 GEV 0.92% 60,920 $32M $529.15 +60,920 NEW
28 GLD 0.87% 100,346 $31M $304.83 $1M -1,659 -1.6%
29 APD 0.85% 105,548 $30M $282.06 -$25M -79,748 -43.0%
30 AON 0.85% 83,237 $30M $356.76 +83,237 NEW
31 SBUX 0.81% 309,466 $28M $91.63 -$13M -116,187 -27.3%
32 JPM 0.78% 94,073 $27M $289.91 +94,073 NEW
33 MLM 0.75% 48,015 $26M $548.96 -$4M -15,654 -24.6%
34 HYLB 0.75% 706,147 $26M $36.92 $544K
35 BKSY 0.73% 1,243,976 $26M $20.58 $16M
36 ORLY 0.71% 275,507 $25M $90.13 $25M +275,294 +129246.0%
37 FROG 0.65% 521,809 $23M $43.88 $1M -147,873 -22.1%
38 XLP 0.65% 281,233 $23M $80.97 -$9M -112,155 -28.5%
39 WMS 0.65% 196,785 $23M $114.86 -$4M -51,587 -20.8%
40 PDO 0.64% 1,666,651 $22M $13.48 $3M +295,858 +21.6%
41 GOOGL 0.63% 124,387 $22M $176.23 -$24M -171,676 -58.0%
42 XLU 0.57% 244,801 $20M $81.66 -$7M -97,606 -28.5%
43 COF 0.55% 91,145 $19M $212.76 +91,145 NEW
44 GOOG 0.53% 105,230 $19M $177.39 -$36M -245,042 -70.0%
45 BAC 0.53% 393,877 $19M $47.32 $18M +372,127 +1710.9%
46 ALNY 0.53% 56,953 $19M $326.09 $13M +36,181 +174.2%
47 WAL 0.50% 223,329 $17M $77.98 +223,329 NEW
48 DELL 0.48% 137,152 $17M $122.60 +137,152 NEW
49 DAL 0.48% 338,267 $17M $49.18 +338,267 NEW
50 NOC 0.47% 33,120 $17M $499.98 -$23M -44,275 -57.2%
51 MELI 0.43% 5,822 $15M $2,613.63 +5,822 NEW
52 AGG 0.43% 151,570 $15M $99.20 $42K
53 SHM 0.43% 314,202 $15M $47.83 $72K
54 ISRG 0.42% 26,834 $15M $543.41 -$1M -4,629 -14.7%
55 EWW 0.41% 239,617 $15M $60.56 +239,617 NEW
56 ROST 0.39% 107,845 $14M $127.58 -$374K -2,748 -2.5%
57 IBKR 0.39% 248,179 $14M $55.41 -$687K +160,986 +184.6%
58 GRAB 0.38% 2,643,417 $13M $5.03 -$11M -2,643,416 -50.0%
59 OWL 0.36% 648,965 $12M $19.21 -$5M -234,320 -26.5%
60 VTV 0.35% 69,120 $12M $176.74 $276K
61 XLK 0.30% 41,312 $10M $253.23 +41,312 NEW
62 TKO 0.28% 53,678 $10M $181.95 -$2M -21,417 -28.5%
63 SPYD 0.26% 217,913 $9M $42.44 -$397K
64 SLV 0.25% 270,859 $9M $32.81 -$3M -117,644 -30.3%
65 DNLI 0.25% 625,000 $9M $13.99 $247K
66 IBIT 0.20% 117,140 $7M $61.21 $2M
67 XLE 0.18% 74,336 $6M $84.81 -$9M -85,474 -53.5%
68 NAUT 0.15% 7,172,985 $5M $0.72 -$976K
69 MCK 0.14% 6,717 $5M $732.78 $402K
70 MUNI 0.11% 77,034 $4M $51.36 $993K +19,551 +34.0%
71 IWM 0.11% 18,137 $4M $215.79 -$2M -13,147 -42.0%
72 ET 0.11% 209,295 $4M $18.13 -$96K
73 IAU 0.11% 59,869 $4M $62.36 $204K
74 EPD 0.11% 120,021 $4M $31.01 -$376K
75 AVGO 0.10% 12,877 $4M $275.65 $1M -82 -0.6%
76 INSW 0.09% 90,265 $3M $36.48 $85K -6,359 -6.6%
77 EWY 0.09% 43,201 $3M $71.78 +43,201 NEW
78 TRTX 0.09% 401,607 $3M $7.72 -$173K
79 INDA 0.07% 46,470 $3M $55.68 +46,470 NEW
80 SAND 0.07% 266,435 $3M $9.40 $114K -50,663 -16.0%
81 VOO 0.06% 3,941 $2M $568.03 -$2M -3,942 -50.0%
82 IYK 0.06% 29,967 $2M $70.48 -$440K -5,698 -16.0%
83 GPOR 0.06% 9,571 $2M $201.17 -$172K -1,820 -16.0%
84 STWD 0.05% 79,029 $2M $20.07 $24K
85 PAA 0.04% 85,192 $2M $18.32 -$143K
86 MA 0.04% 2,574 $1M $561.94 $36K
87 NFLX 0.04% 1,033 $1M $1,339.13 $141K -299 -22.4%
88 WMT 0.04% 13,635 $1M $97.78 $136K
89 HAFN 0.04% 264,379 $1M $5.02 +264,379 NEW
90 WU 0.04% 149,869 $1M $8.42 -$324K
91 SPTI 0.03% 35,199 $1M $28.77 $7K
92 TSLA 0.03% 3,048 $968K $317.66 $178K
93 ETN 0.03% 2,550 $910K $356.99 $217K
94 HD 0.03% 2,430 $891K $366.64 $364
95 CAT 0.02% 2,180 $846K $388.21 $127K
96 LRCX 0.02% 8,560 $833K $97.34 $211K
97 TXN 0.02% 3,563 $740K $207.62 $99K
98 COST 0.02% 712 $705K $989.94 -$1M -1,273 -64.1%
99 PG 0.02% 4,272 $681K $159.32 -$47K
100 BRK-B 0.02% 1,369 $665K $485.77 -$523K -861 -38.6%

New Positions

SymbolValue% Port
CEG $46M 1.33%
QQQ $41M 1.18%
GEV $32M 0.92%
AON $30M 0.85%
JPM $27M 0.78%
COF $19M 0.55%
WAL $17M 0.50%
DELL $17M 0.48%
DAL $17M 0.48%
MELI $15M 0.43%
EWW $15M 0.41%
XLK $10M 0.30%
EWY $3M 0.09%
INDA $3M 0.07%
HAFN $1M 0.04%

Sold Out Positions

SymbolValue% Port
ACN —%
PSX —%
SPOT —%
HAL —%
FCN —%
NKE —%
LION —%
TDG —%
NU —%
KR —%
PGR —%
DDOG —%
CME —%
FOXA —%
JAZZ —%
View SEC EDGAR Filings for Cercano Management LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms