Cercano Management LLC
Cercano Management LLC reported 131 US-listed holdings worth $749.9 million in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: Union Pacific Corp. (37.3%), Invesco Exchange Traded FD T (6.3%) and Meta Platforms, Inc. (6.0%). Against the quarter before, it opened 22 positions, added to 2, trimmed 44 and sold out of 30.
Reported holdings$749.9M-67.6% on Q1 2026
Positions131-8 on Q1 2026
The largest ten65.3%of its reported holdings
Latest 13FQ2 2026filed 14 August 2026
OpenedAdded toHeldTrimmed
The 14 largest of its 131 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +26.2% over the 7 quarters to 30 June 2026, against +30.2% for the S&P 500.
Its reported holdingsThe S&P 500
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Opened 22Added 2Held 63Trimmed 44Sold out 30
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 22
- PIMCO Funds/Closed-End PDO$10.4 million
- Micron Technology Inc. MU$7.7 million
- Vulcan Materials Co. VMC$5.6 million
- DoorDash, Inc. DASH$4.4 million
- Jazz Pharmaceuticals plc JAZZ$4.2 million
- SPDR S&P MidCap 400 ETF MDY$2.6 million
- Reddit, Inc. RDDT$1.8 million
- ASML Holding N.V. ASML$1.4 million
and 14 more in the table below
Added to 2
- James Hardie Industries Plc - US ADR JHX+147,907 shares · +78%
- Intuitive Surgical Inc. ISRG+1,249 shares · +201%
Trimmed 44
- Microsoft Corp. MSFT-589,162 shares · -97%
- Eli Lilly & Co. LLY-132,024 shares · -96%
- Xpo, Inc. XPO-727,455 shares · -96%
- Invesco Exchange Traded FD T RSP-520,370 shares · -70%
- NVIDIA Corp. NVDA-535,855 shares · -86%
- Qxo Inc. QXO-4.3 million shares · -90%
- Amazon.com Inc. AMZN-232,571 shares · -81%
- Netflix Inc. NFLX-608,097 shares · -98%
and 36 more in the table below
Sold out of 30
- Charles Schwab Corp. SCHW$36.7 million last quarter
- SPDR Ser Trust HYMB$34.4 million last quarter
- Builders Firstsource Inc. BLDR$31.8 million last quarter
- GE Vernova Inc. GEV$29.0 million last quarter
- Invesco QQQ Trust QQQ$28.1 million last quarter
- SPDR Index SHS FDS SPEM$25.7 million last quarter
- iShares Gold Trust IAU$22.4 million last quarter
- Boeing Co. BA$21.5 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Union Pacific Corp. UNP | 1.0M | $279.7 million | 37.30% | -22.4K |
| Invesco Exchange Traded FD T RSP | 221.1K | $47.0 million | 6.27% | -520.4K |
| Meta Platforms, Inc. META | 79.2K | $44.6 million | 5.95% | -71.2K |
| Blacksky Technology Inc. BKSY | 933.0K | $26.0 million | 3.47% | -311.0K |
| NVIDIA Corp. NVDA | 87.8K | $17.6 million | 2.34% | -535.9K |
| Technology Select Sector SPDR ETF XLK | 86.9K | $16.6 million | 2.21% | -75.1K |
| Denali Therapeutics Inc. DNLI | 625.0K | $16.1 million | 2.14% | no change |
| Vanguard Value ETF VTV | 69.1K | $15.1 million | 2.01% | no change |
| Nautilus Biotechnology Inc. NAUT | 7.2M | $13.4 million | 1.79% | no change |
| Amazon.com Inc. AMZN | 55.6K | $13.3 million | 1.77% | -232.6K |
| PIMCO Funds/Closed-End PDO | 783.3K | $10.4 million | 1.38% | new |
| Apple Inc. AAPL | 31.1K | $9.0 million | 1.20% | -32.8K |
| James Hardie Industries Plc - US ADR JHX | 338.6K | $8.9 million | 1.18% | +147.9K |
| iShares Inc. EWY | 43.2K | $8.7 million | 1.16% | -89.6K |
| SPDR Ser Trust SPYD | 174.9K | $8.3 million | 1.11% | -43.0K |
| Qxo Inc. QXO | 482.9K | $8.3 million | 1.11% | -4.3M |
| Select Sector SPDR Trust XLE | 148.7K | $7.9 million | 1.05% | no change |
| Micron Technology Inc. MU | 6.7K | $7.7 million | 1.03% | new |
| SPDR S&P 500 SPY | 9.7K | $7.2 million | 0.96% | -46.1K |
| Microsoft Corp. MSFT | 19.2K | $7.1 million | 0.95% | -589.2K |
| Alphabet Inc. GOOGL | 19.0K | $6.8 million | 0.91% | -69.9K |
| Lam Research Corp. LRCX | 15.1K | $6.5 million | 0.87% | -56.4K |
| Eli Lilly & Co. LLY | 5.4K | $6.4 million | 0.86% | -132.0K |
| Capital One Financial Corp. COF | 31.4K | $6.3 million | 0.84% | -142.2K |
| Grab Holdings Limited GRAB | 1.6M | $6.0 million | 0.80% | no change |
| Xpo, Inc. XPO | 29.1K | $6.0 million | 0.80% | -727.5K |
| Vulcan Materials Co. VMC | 19.0K | $5.6 million | 0.75% | new |
| International Seaways, Inc. INSW | 73.1K | $5.6 million | 0.75% | no change |
| iShares Russell 2000 ETF IWM | 18.1K | $5.4 million | 0.73% | no change |
| iShares Inc. EWW | 63.9K | $4.8 million | 0.64% | -175.7K |
| Broadcom Inc. AVGO | 12.3K | $4.7 million | 0.62% | no change |
| Alphabet Inc. GOOG | 13.2K | $4.6 million | 0.62% | -74.6K |
| Select Sector SPDR Trust XLV | 28.3K | $4.5 million | 0.60% | -112.6K |
| DoorDash, Inc. DASH | 23.9K | $4.4 million | 0.59% | new |
| Enterprise Products Partners LP EPD | 120.0K | $4.4 million | 0.59% | no change |
| iShares Inc. EWZ | 121.8K | $4.2 million | 0.56% | -312.7K |
| Jazz Pharmaceuticals plc JAZZ | 17.3K | $4.2 million | 0.56% | new |
| iShares Bitcoin Trust ETF IBIT | 117.1K | $3.9 million | 0.52% | no change |
| TPG Re Fin Trust Inc. TRTX | 401.6K | $3.4 million | 0.45% | no change |
| PIMCO ETF Trust MUNI | 57.9K | $3.0 million | 0.41% | no change |
| Bank of America Corp. BAC | 47.2K | $2.7 million | 0.36% | -102.4K |
| Quanta Services, Inc. PWR | 3.7K | $2.7 million | 0.35% | -29.0K |
| JPMorgan Chase & Co. JPM | 8.0K | $2.6 million | 0.35% | -20.4K |
| SPDR S&P MidCap 400 ETF MDY | 3.6K | $2.6 million | 0.34% | new |
| Costco Wholesale Corp. COST | 2.5K | $2.3 million | 0.31% | -8.1K |
| Caterpillar Inc. CAT | 2.2K | $2.3 million | 0.31% | no change |
| iShares Trust INDA | 46.5K | $2.3 million | 0.31% | no change |
| Walmart Inc. WMT | 20.2K | $2.3 million | 0.31% | -39.0K |
| Applied Materials Inc. AMAT | 2.9K | $2.1 million | 0.28% | no change |
| Home Depot, Inc. HD | 5.8K | $2.1 million | 0.27% | -17.6K |
| Linde plc LIN | 3.8K | $2.0 million | 0.27% | -32.6K |
| Morgan Stanley MS | 9.1K | $1.9 million | 0.25% | -34.6K |
| United Rentals, Inc. URI | 1.7K | $1.9 million | 0.25% | -5.6K |
| Reddit, Inc. RDDT | 10.3K | $1.8 million | 0.24% | new |
| Hafnia Ltd HAFN | 264.4K | $1.7 million | 0.23% | no change |
| Constellation Energy Corp. CEG | 6.7K | $1.7 million | 0.22% | -86.4K |
| Williams Companies, Inc. WMB | 21.5K | $1.6 million | 0.21% | no change |
| Phillips 66 PSX | 9.4K | $1.6 million | 0.21% | no change |
| ASML Holding N.V. ASML | 710 | $1.4 million | 0.19% | new |
| SPDR Ser Trust XBI | 8.5K | $1.4 million | 0.18% | new |
| Mastercard Inc. MA | 2.6K | $1.3 million | 0.18% | no change |
| Danaher Corp. DHR | 6.9K | $1.3 million | 0.18% | -26.8K |
| Starwood Property Trust, Inc. STWD | 79.0K | $1.3 million | 0.17% | no change |
| Tesla, Inc. TSLA | 3.0K | $1.3 million | 0.17% | no change |
| SPDR Gold Trust GLD | 3.3K | $1.2 million | 0.16% | new |
| Carlyle Group Inc. CG | 27.6K | $1.2 million | 0.15% | new |
| Eaton Corp. plc ETN | 2.5K | $1.1 million | 0.14% | no change |
| Repligen Corp. RGEN | 7.9K | $1.1 million | 0.14% | new |
| Texas Instruments Inc. TXN | 3.6K | $1.1 million | 0.14% | no change |
| Merck & Co., Inc. MRK | 7.2K | $919,546 | 0.12% | no change |
| UnitedHealth Group Inc. UNH | 2.2K | $918,958 | 0.12% | -88.7K |
| Cincinnati Financial Corp. CINF | 4.9K | $906,445 | 0.12% | -21.9K |
| Lumentum Holdings Inc. LITE | 976 | $837,467 | 0.11% | new |
| Trane Technologies plc TT | 1.5K | $745,090 | 0.10% | no change |
| Intuitive Surgical Inc. ISRG | 1.9K | $743,661 | 0.10% | +1.2K |
| Netflix Inc. NFLX | 10.3K | $737,562 | 0.10% | -608.1K |
| Berkshire Hathaway Inc. Class B BRKB | 1.4K | $685,034 | 0.09% | -869 |
| Intel Corp. INTC | 4.6K | $649,000 | 0.09% | no change |
| Diamondback Energy, Inc. FANG | 3.6K | $626,831 | 0.08% | no change |
| Procter & Gamble Co. PG | 4.3K | $626,446 | 0.08% | no change |
| Visa Inc. V | 1.8K | $613,102 | 0.08% | -75.7K |
| Advanced Micro Devices Inc. AMD | 948 | $550,703 | 0.07% | new |
| Johnson & Johnson JNJ | 1.9K | $488,892 | 0.07% | no change |
| Newmont Corp. NEM | 5.1K | $478,021 | 0.06% | no change |
| Illinois Tool Works Inc. ITW | 1.7K | $451,685 | 0.06% | no change |
| AbbVie Inc. ABBV | 1.8K | $450,184 | 0.06% | no change |
| Ironwood Pharmaceuticals Inc. IRWD | 101.4K | $426,801 | 0.06% | no change |
| NextEra Energy Inc. NEE | 4.8K | $423,402 | 0.06% | no change |
| Ventas, Inc. VTR | 4.6K | $409,368 | 0.05% | no change |
| Welltower Inc. WELL | 1.7K | $394,020 | 0.05% | no change |
| Vertex Pharmaceuticals Inc. VRTX | 780 | $387,449 | 0.05% | no change |
| HCA Healthcare, Inc. HCA | 970 | $378,193 | 0.05% | no change |
| S&P Global Inc. SPGI | 880 | $358,389 | 0.05% | -51.2K |
| Dell Technologies Inc. DELL | 808 | $348,620 | 0.05% | -24.0K |
| Toll Brothers, Inc. TOL | 2.1K | $347,128 | 0.05% | no change |
| EQT Corp. EQT | 6.5K | $346,562 | 0.05% | no change |
| Norfolk Southern Corp. NSC | 1.1K | $336,297 | 0.04% | no change |
| NRG Energy, Inc. NRG | 2.3K | $335,208 | 0.04% | no change |
| Philip Morris International Inc. PM | 1.8K | $334,141 | 0.04% | no change |
| KKR & Co. Inc. KKR | 3.6K | $326,737 | 0.04% | no change |
| ExxonMobil Holdings Corp. XOM | 2.3K | $311,722 | 0.04% | -2.5K |
| Starbucks Corp. SBUX | 3.0K | $304,526 | 0.04% | no change |
| Moody's Corp. MCO | 670 | $303,456 | 0.04% | -56.7K |
| Palantir Technologies Inc. PLTR | 2.5K | $296,575 | 0.04% | no change |
| O'Reilly Automotive, Inc. ORLY | 3.2K | $294,228 | 0.04% | no change |
| Adobe Inc. ADBE | 1.4K | $289,488 | 0.04% | no change |
| General Electric Co. GE | 769 | $287,398 | 0.04% | no change |
| Generac Holdings Inc. GNRC | 942 | $275,827 | 0.04% | new |
| Halliburton Co. HAL | 8.1K | $273,773 | 0.04% | no change |
| Cummins Inc. CMI | 382 | $272,446 | 0.04% | no change |
| Apollo Global Management, Inc. APO | 2.3K | $267,262 | 0.04% | -145.3K |
| Thermo Fisher Scientific Inc. TMO | 531 | $266,222 | 0.04% | no change |
| Allstate Corp. ALL | 1.1K | $266,017 | 0.04% | no change |
| ONEOK Inc. OKE | 3.0K | $257,082 | 0.03% | no change |
| TJX Companies Inc. TJX | 1.7K | $251,490 | 0.03% | no change |
| McDonald's Corp. MCD | 927 | $250,577 | 0.03% | -13.7K |
| Lockheed Martin Corp. LMT | 486 | $247,598 | 0.03% | no change |
| Prudential Financial Inc. PRU | 2.2K | $237,014 | 0.03% | no change |
| Abbott Laboratories ABT | 2.6K | $236,559 | 0.03% | no change |
| Boston Scientific Corp. BSX | 5.5K | $235,466 | 0.03% | no change |
| Super Micro Computer, Inc. SMCI | 8.0K | $233,467 | 0.03% | new |
| Amgen Inc. AMGN | 620 | $224,514 | 0.03% | no change |
| CVS Health Corp. CVS | 2.2K | $222,935 | 0.03% | new |
| Northrop Grumman Corp. NOC | 437 | $222,568 | 0.03% | no change |
| Agilent Technologies, Inc. A | 1.7K | $221,295 | 0.03% | new |
| Cisco Systems, Inc. CSCO | 1.8K | $216,126 | 0.03% | new |
| Honeywell International Inc. HON | 950 | $212,705 | 0.03% | new |
| Honeywell Aerospace Inc. Com HONA | 950 | $210,026 | 0.03% | new |
| AT&T Inc. T | 10.0K | $207,662 | 0.03% | no change |
| Altria Group, Inc. MO | 2.9K | $207,648 | 0.03% | new |
| Lowe's Companies Inc. LOW | 910 | $200,646 | 0.03% | no change |
Every US-listed position in the fund's 13F for the quarter ended 30 June 2026, by the value it reported.
Read more
Change is shares against its 13F for the quarter before; the 30 it sold out of are in the box above.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| SPDR S&P 500 SPY | Calls | 63 | $68,292 |
1 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.