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Asset Manager ← All Institutions

Cercano Management LLC

Q3 2025 · Filed 2025-11-07
Market Value
$2.6B
-26.0%
Holdings
170
+1
New Purchases
23
Added To
4
Closed
24
Reduced
49
Top 10 Concentration
61.2%
Turnover
27.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UNP 10.06% 7.04% +3.02% $261M
XPO 9.71% 7.56% +2.15% $252M
TIC 1.49% 0.00% +1.49% $39M
MSFT 12.74% 11.50% +1.24% $330M
COOP 2.32% 1.53% +0.79% $60M
SHW 0.77% 0.00% +0.77% $20M
QXO 7.79% 7.02% +0.77% $202M
STX 0.58% 0.00% +0.58% $15M
FLJP 0.53% 0.00% +0.53% $14M
LLY 4.40% 3.87% +0.53% $114M
XLK 0.80% 0.30% +0.50% $21M
RSP 4.57% 4.07% +0.50% $118M
GLD 1.32% 0.87% +0.45% $34M
ANET 0.44% 0.00% +0.44% $11M
BA 0.43% 0.00% +0.43% $11M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVEE 0.00% 2.59% -2.59% $0
AMZN 2.13% 3.97% -1.84% $55M
XLV 0.32% 1.38% -1.07% $8M
APD 0.00% 0.85% -0.85% $0
AON 0.00% 0.85% -0.85% $0
SBUX 0.01% 0.81% -0.80% $252K
HYLB 0.00% 0.75% -0.75% $0
UBER 0.51% 1.24% -0.73% $13M
FROG 0.00% 0.65% -0.65% $0
PWR 0.53% 1.17% -0.65% $14M
ALNY 0.00% 0.53% -0.53% $0
SCHW 1.44% 1.93% -0.49% $37M
SPGI 0.98% 1.44% -0.46% $25M
MCO 1.06% 1.51% -0.45% $27M
XLP 0.20% 0.65% -0.45% $5M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 44 $954M 36.8%
Large Cap 95 $1.4B 53.8%
Mid Cap 21 $136M 5.3%
Small Cap 10 $107M 4.1%

Portfolio Analytics

Avg Market Cap
$323.8B
Median Market Cap
$85.8B
Avg P/E
38.9
Median P/E
27.7
Avg Dividend Yield
0.02%
Avg Beta
0.97
# Stocks
136
# ETFs / Funds
34

Top Holdings (170 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 12.74% 637,403 $330M $517.95 -$72M -171,462 -21.2%
2 UNP 10.06% 1,102,113 $261M $236.37 $14M +32,330 +3.0%
3 XPO 9.71% 1,945,996 $252M $129.27 -$13M -148,845 -7.1%
4 QXO 7.79% 10,585,316 $202M $19.06 -$44M -819,932 -7.2%
5 RSP 4.57% 624,081 $118M $189.70 -$24M -160,327 -20.4%
6 LLY 4.40% 149,387 $114M $763.00 -$21M -24,396 -14.0%
7 META 3.75% 132,289 $97M $734.38 -$42M -56,182 -29.8%
8 NVDA 3.70% 513,079 $96M $186.58 -$25M -249,831 -32.8%
9 COOP 2.32% 285,331 $60M $210.79 $6M -74,472 -20.7%
10 AMZN 2.13% 251,539 $55M $219.57 -$84M -381,123 -60.2%
11 TIC 1.49% 2,902,230 $39M $13.31 +2,902,230 NEW
12 SCHW 1.44% 390,217 $37M $95.47 -$30M -350,050 -47.3%
13 SPY 1.34% 52,187 $35M $666.18 -$2M -7,294 -12.3%
14 HYMB 1.34% 1,387,825 $35M $24.93 $208K
15 GLD 1.32% 96,309 $34M $355.47 $4M -4,037 -4.0%
16 QQQ 1.32% 56,951 $34M $600.37 -$7M -18,115 -24.1%
17 CEG 1.28% 100,915 $33M $329.07 -$13M -43,090 -29.9%
18 MCO 1.06% 57,368 $27M $476.48 -$25M -47,919 -45.5%
19 UNH 1.02% 76,615 $26M $345.30 -$20M -70,893 -48.1%
20 V 1.02% 77,039 $26M $341.38 -$25M -66,142 -46.2%
21 SPGI 0.98% 52,035 $25M $486.71 -$25M -43,313 -45.4%
22 BKSY 0.97% 1,243,976 $25M $20.15 -$535K
23 PDO 0.91% 1,666,651 $24M $14.12 $1M
24 GOOGL 0.83% 88,536 $22M $243.10 -$398K -35,851 -28.8%
25 AAPL 0.80% 81,443 $21M $254.63 -$21M -121,764 -59.9%
26 XLK 0.80% 73,251 $21M $281.86 $10M +31,939 +77.3%
27 GEV 0.79% 33,199 $20M $614.90 -$12M -27,721 -45.5%
28 SHW 0.77% 57,705 $20M $346.26 +57,705 NEW
29 APO 0.76% 147,599 $20M $133.27 -$19M -124,450 -45.8%
30 PANW 0.76% 96,090 $20M $203.62 -$16M -77,938 -44.8%
31 EWW 0.63% 239,617 $16M $68.21 $2M
32 JPM 0.60% 49,354 $16M $315.43 -$12M -44,719 -47.5%
33 GOOG 0.59% 62,738 $15M $243.55 -$3M -42,492 -40.4%
34 AGG 0.59% 151,570 $15M $100.25 $159K
35 SHM 0.58% 314,202 $15M $48.22 $123K
36 STX 0.58% 63,842 $15M $236.06 +63,842 NEW
37 WMS 0.54% 100,224 $14M $138.70 -$9M -96,561 -49.1%
38 FLJP 0.53% 399,037 $14M $34.56 +399,037 NEW
39 PWR 0.53% 33,062 $14M $414.42 -$27M -75,588 -69.6%
40 COF 0.51% 61,781 $13M $212.58 -$6M -29,364 -32.2%
41 UBER 0.51% 133,997 $13M $97.97 -$30M -329,428 -71.1%
42 VTV 0.50% 69,120 $13M $186.49 $674K
43 MELI 0.47% 5,262 $12M $2,336.94 -$3M -560 -9.6%
44 SLV 0.44% 270,859 $11M $42.37 $3M
45 BAC 0.44% 221,184 $11M $51.59 -$7M -172,693 -43.8%
46 ANET 0.44% 77,364 $11M $145.71 +77,364 NEW
47 BA 0.43% 51,990 $11M $215.83 +51,990 NEW
48 MLM 0.42% 17,164 $11M $630.28 -$16M -30,851 -64.2%
49 EWY 0.41% 132,765 $11M $80.10 $8M +89,564 +207.3%
50 ORLY 0.40% 95,435 $10M $107.81 -$15M -180,072 -65.4%
51 LPX 0.40% 115,410 $10M $88.84 +115,410 NEW
52 SPYD 0.37% 217,913 $10M $44.00 $340K
53 DNLI 0.35% 625,000 $9M $14.52 $331K
54 XLV 0.32% 58,840 $8M $139.17 -$40M -299,728 -83.6%
55 WAL 0.30% 90,774 $8M $86.72 -$10M -132,555 -59.4%
56 DELL 0.30% 54,087 $8M $141.77 -$9M -83,065 -60.6%
57 IBIT 0.29% 117,140 $8M $65.00 $444K
58 DAL 0.28% 129,666 $7M $56.75 -$9M -208,601 -61.7%
59 BLDR 0.28% 60,300 $7M $121.25 +60,300 NEW
60 FLKR 0.27% 263,694 $7M $26.99 +263,694 NEW
61 DASH 0.27% 25,807 $7M $271.99 +25,807 NEW
62 XLE 0.26% 74,336 $7M $89.34 $337K
63 NOC 0.25% 10,568 $6M $609.32 -$10M -22,552 -68.1%
64 NAUT 0.23% 7,172,985 $6M $0.84 $861K
65 IBKR 0.21% 77,749 $5M $68.81 -$8M -170,430 -68.7%
66 XLP 0.20% 65,127 $5M $78.37 -$18M -216,106 -76.8%
67 XLU 0.19% 56,688 $5M $87.21 -$15M -188,113 -76.8%
68 IWM 0.17% 18,137 $4M $241.96 $475K
69 IAU 0.17% 59,869 $4M $72.77 $623K
70 AVGO 0.16% 12,877 $4M $329.91 $699K
71 ISRG 0.16% 9,235 $4M $447.23 -$10M -17,599 -65.6%
72 EPD 0.14% 120,021 $4M $31.27 $31K
73 SPLG 0.14% 45,151 $4M $78.34 +45,151 NEW
74 TRTX 0.13% 401,607 $3M $8.56 $337K
75 MUNI 0.12% 57,919 $3M $52.28 -$928K -19,115 -24.8%
76 SAND 0.11% 226,238 $3M $12.52 $326K -40,197 -15.1%
77 INDA 0.09% 46,470 $2M $52.06 -$168K
78 VOO 0.09% 3,941 $2M $612.38 $175K
79 GPOR 0.08% 10,946 $2M $180.98 $56K +1,375 +14.4%
80 IYK 0.07% 25,446 $2M $68.39 -$372K -4,521 -15.1%
81 STWD 0.06% 79,029 $2M $19.37 -$55K
82 SPEM 0.06% 32,275 $2M $46.81 +32,275 NEW
83 MA 0.06% 2,574 $1M $568.81 $18K
84 WMT 0.05% 13,635 $1M $103.06 $72K
85 TSLA 0.05% 3,048 $1M $444.72 $387K
86 NFLX 0.05% 1,033 $1M $1,198.92 -$145K
87 LRCX 0.04% 8,560 $1M $133.90 $313K
88 CAT 0.04% 2,180 $1M $477.15 $194K
89 SPTI 0.04% 35,199 $1M $28.90 $5K
90 CGIC 0.04% 32,733 $1M $30.81 +32,733 NEW
91 HD 0.04% 2,430 $985K $405.19 $94K
92 ETN 0.04% 2,550 $954K $374.25 $44K
93 BRK-B 0.03% 1,369 $688K $502.74 $23K
94 COST 0.03% 712 $659K $925.63 -$46K
95 PG 0.03% 4,272 $656K $153.65 -$24K
96 TXN 0.03% 3,563 $655K $183.73 -$85K
97 MRK 0.02% 7,156 $601K $83.93 $34K
98 AMAT 0.02% 2,896 $593K $204.74 $63K
99 SLM 0.02% 20,000 $554K $27.68 +20,000 NEW
100 BSX 0.02% 5,517 $539K $97.63 -$54K

New Positions

SymbolValue% Port
TIC $39M 1.49%
SHW $20M 0.77%
STX $15M 0.58%
FLJP $14M 0.53%
ANET $11M 0.44%
BA $11M 0.43%
LPX $10M 0.40%
BLDR $7M 0.28%
FLKR $7M 0.27%
DASH $7M 0.27%
SPLG $4M 0.14%
SPEM $2M 0.06%
CGIC $1M 0.04%
SLM $554K 0.02%
XLC $505K 0.02%

Sold Out Positions

SymbolValue% Port
WU —%
APD —%
AON —%
ET —%
KO —%
IBM —%
HAFN —%
MCK —%
INSW —%
OWL —%
TKO —%
TT —%
CSCO —%
CHTR —%
LPLA —%
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