Cercano Management LLC — 13F Holdings & Portfolio
CIK 1936416 · latest 13F-HR filed 2026-05-13
Cercano Management LLC manages $2.32B in 13F-reported U.S. long-equity assets across 167 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are UNP (10.98%), MSFT (8.66%), XPO (6.35%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 9 new positions, exited 15, added to 52, and trimmed 53.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$2.32B
Long-equity book
167
Distinct positions
2026-03-31
Filed 2026-05-13
+9 / −15 / ↑52 / ↓53
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- NETFLIX INC.$58.5M +6039.3%
- INVESCO EXCHANGE TRADED FD T$39.9M +39.0%
- BUILDERS FIRSTSOURCE INC$26.5M +504.5%
- NAUTILUS BIOTECHNOLOGY INC$13.8M +99.0%
- SELECT SECTOR SPDR TR$12.7M +159.0%
Top Trims
- XPO INC-$117.3M -44.3%
- QXO INC-$115.2M -55.2%
- MICROSOFT CORP-$69.5M -23.6%
- ELI LILLY & CO-$26.7M -17.5%
- ISHARES GOLD TR-$18.0M -44.5%
New Positions
- VANGUARD INDEX FDS$9.4M
- CINCINNATI FINL CORP$4.2M
- JAMES HARDIE INDS PLC$3.6M
- CHEVRON CORPORATION$314.1K
- DISNEY WALT CO$294.0K
Exited Positions
- PALO ALTO NETWORKS INC$35.2M
- AON PLC$10.7M
- GULFPORT ENERGY CORP$586.3K
- MERCADOLIBRE INC$400.8K
- EXPEDIA GROUP INC$326.9K
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | UNION PAC CORP | UNP | 907818108 | $254.3M | 10.98% | 1,048,344 | SH |
| 2 | MICROSOFT CORP | MSFT | 594918104 | $200.6M | 8.66% | 541,817 | SH |
| 3 | XPO INC | XPO | 983793100 | $147.2M | 6.35% | 756,536 | SH |
| 4 | INVESCO EXCHANGE TRADED FD T | RSP | 46137V357 | $142.3M | 6.14% | 741,425 | SH |
| 5 | ELI LILLY & CO | LLY | 532457108 | $125.3M | 5.41% | 136,272 | SH |
| 6 | NVIDIA CORPORATION | NVDA | 67066G104 | $102.9M | 4.44% | 590,079 | SH |
| 7 | QXO INC | QXO | 82846H405 | $93.5M | 4.04% | 4,813,158 | SH |
| 8 | META PLATFORMS INC | META | 30303M102 | $61.4M | 2.65% | 107,268 | SH |
| 9 | NETFLIX INC. | NFLX | 64110L106 | $58.5M | 2.52% | 608,097 | SH |
| 10 | AMAZON COM INC | AMZN | 023135106 | $49.2M | 2.12% | 236,292 | SH |
| 11 | SCHWAB CHARLES CORP | SCHW | 808513105 | $36.7M | 1.58% | 390,217 | SH |
| 12 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $36.3M | 1.57% | 55,788 | SH |
| 13 | SPDR SERIES TRUST | HYMB | 78464A284 | $34.4M | 1.49% | 1,387,825 | SH |
| 14 | BUILDERS FIRSTSOURCE INC | BLDR | 12008R107 | $31.8M | 1.37% | 386,254 | SH |
| 15 | BLACKSKY TECHNOLOGY INC | BKSY | 09263B207 | $31.3M | 1.35% | 1,243,976 | SH |
| 16 | CAPITAL ONE FINL CORP | COF | 14040H105 | $31.2M | 1.35% | 170,911 | SH |
| 17 | GE VERNOVA INC | GEV | 36828A101 | $29.0M | 1.25% | 33,199 | SH |
| 18 | INVESCO QQQ TR | QQQ | 46090E103 | $28.1M | 1.21% | 48,739 | SH |
| 19 | NAUTILUS BIOTECHNOLOGY INC | NAUT | 63909J108 | $27.8M | 1.20% | 7,172,985 | SH |
| 20 | CONSTELLATION ENERGY CORP | CEG | 21037T109 | $26.0M | 1.12% | 93,085 | SH |
| 21 | SPDR INDEX SHS FDS | SPEM | 78463X509 | $25.7M | 1.11% | 548,897 | SH |
| 22 | ALPHABET INC | GOOG | 02079K107 | $25.2M | 1.09% | 87,753 | SH |
| 23 | MOODYS CORP | MCO | 615369105 | $25.0M | 1.08% | 57,368 | SH |
| 24 | META PLATFORMS INC | META | 30303M102 | $24.7M | 1.07% | 43,186 | SH |
| 25 | MICROSOFT CORP | MSFT | 594918104 | $24.6M | 1.06% | 66,508 | SH |
| 26 | UNITEDHEALTH GROUP INC | UNH | 91324P102 | $24.6M | 1.06% | 90,927 | SH |
| 27 | VISA INC | V | 92826C839 | $23.4M | 1.01% | 77,438 | SH |
| 28 | ISHARES GOLD TR | IAU | 464285204 | $22.4M | 0.97% | 254,300 | SH |
| 29 | ALPHABET INC | GOOGL | 02079K305 | $22.2M | 0.96% | 77,284 | SH |
| 30 | S&P GLOBAL INC | SPGI | 78409V104 | $22.1M | 0.96% | 52,035 | SH |
| 31 | SELECT SECTOR SPDR TR | XLK | 81369Y803 | $21.5M | 0.93% | 162,055 | SH |
| 32 | BOEING CO | BA | 097023105 | $21.5M | 0.93% | 107,941 | SH |
| 33 | SELECT SECTOR SPDR TR | XLV | 81369Y209 | $20.7M | 0.89% | 140,876 | SH |
| 34 | TIC SOLUTIONS INC | TIC | 00510N102 | $19.1M | 0.82% | 2,902,230 | SH |
| 35 | LINDE PLC | LIN | G54950103 | $18.1M | 0.78% | 36,423 | SH |
| 36 | ISHARES INC | EWW | 464286822 | $18.0M | 0.78% | 239,617 | SH |
| 37 | QUANTA SVCS INC | PWR | 74762E102 | $17.6M | 0.76% | 32,105 | SH |
| 38 | ISHARES INC | EWZ | 464286400 | $16.7M | 0.72% | 434,521 | SH |
| 39 | APOLLO GLOBAL MGMT INC | APO | 03769M106 | $16.4M | 0.71% | 147,599 | SH |
| 40 | ISHARES INC | EWY | 464286772 | $16.3M | 0.71% | 132,765 | SH |
| 41 | SHERWIN WILLIAMS CO | SHW | 824348106 | $15.7M | 0.68% | 48,949 | SH |
| 42 | VANGUARD INDEX FDS | VTV | 922908744 | $13.6M | 0.59% | 69,120 | SH |
| 43 | LAM RESEARCH CORP | LRCX | 512807306 | $13.5M | 0.58% | 62,971 | SH |
| 44 | DENALI THERAPEUTICS INC | DNLI | 24823R105 | $12.0M | 0.52% | 625,000 | SH |
| 45 | AMAZON COM INC | AMZN | 023135106 | $10.8M | 0.47% | 51,901 | SH |
| 46 | FRANKLIN TEMPLETON ETF TR | FLKR | 35473P710 | $10.5M | 0.45% | 263,694 | SH |
| 47 | APPLE INC | AAPL | 037833100 | $10.2M | 0.44% | 40,377 | SH |
| 48 | SPDR SERIES TRUST | SPYD | 78468R788 | $9.9M | 0.43% | 217,913 | SH |
| 49 | COSTCO WHOLESALE CORPORATION | COST | 22160K105 | $9.9M | 0.43% | 9,916 | SH |
| 50 | SPDR SERIES TRUST | SHM | 78468R739 | $9.9M | 0.43% | 206,569 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-13 | $2.32B | 167 | 0001062993-26-002563 |
| 2025-12-31 | 2026-02-10 | $2.64B | 171 | 0001062993-26-000745 |
| 2025-09-30 | 2025-11-07 | $2.61B | 173 | 0001062993-25-016553 |