Q1 2026 · 13F-HR
Cercano Management LLCholdings as filed
Filed 2026-05-13 · accession 0001062993-26-002563
$2.32B
Reported value
142
Positions
2026-03-31
Period end
The Brief · Cercano Management LLC · Q1 2026
AI · grounded in 13F
Cercano Management LLC closed its position in PANW, reducing its exposure by $35.15M. The fund established a new position in VNQ worth $9.42M. Other notable activity includes increasing shares of NFLX by 5,886.7% and BLDR by 655.5%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 907818108 | UNP | UNION PAC CORP | $255.0M | 11.0% | 1,050,823 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $225.2M | 9.72% | 608,325 | Common | SOLE |
| 983793100 | XPO | XPO INC | $147.2M | 6.35% | 756,536 | Common | SOLE |
| 46137V357 | RSP | INVESCO EXCHANGE TRADED FD T | $142.3M | 6.14% | 741,425 | Common | SOLE |
| 532457108 | LLY | ELI LILLY & CO | $126.4M | 5.46% | 137,377 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $108.8M | 4.70% | 623,668 | Common | SOLE |
| 82846H405 | QXO | QXO INC | $93.5M | 4.04% | 4,813,158 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $86.1M | 3.72% | 150,454 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $60.0M | 2.59% | 288,193 | Common | SOLE |
| 64110L106 | NFLX | NETFLIX INC. | $59.5M | 2.57% | 618,427 | Common | SOLE |
| 808513105 | SCHW | SCHWAB CHARLES CORP | $36.7M | 1.58% | 390,217 | Common | SOLE |
| 78462F103 | SPY | STATE STR SPDR S&P 500 ETF T | $36.3M | 1.57% | 55,788 | Common | SOLE |
| 78464A284 | HYMB | SPDR SERIES TRUST | $34.4M | 1.49% | 1,387,825 | Common | SOLE |
| 12008R107 | BLDR | BUILDERS FIRSTSOURCE INC | $31.8M | 1.37% | 386,254 | Common | SOLE |
| 14040H105 | COF | CAPITAL ONE FINL CORP | $31.7M | 1.37% | 173,628 | Common | SOLE |
| 09263B207 | BKSY | BLACKSKY TECHNOLOGY INC | $31.3M | 1.35% | 1,243,976 | Common | SOLE |
| 36828A101 | GEV | GE VERNOVA INC | $29.0M | 1.25% | 33,199 | Common | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $28.1M | 1.21% | 48,739 | Common | SOLE |
| 63909J108 | NAUT | NAUTILUS BIOTECHNOLOGY INC | $27.8M | 1.20% | 7,172,985 | Common | SOLE |
| 21037T109 | CEG | CONSTELLATION ENERGY CORP | $26.0M | 1.12% | 93,085 | Common | SOLE |
| 78463X509 | SPEM | SPDR INDEX SHS FDS | $25.7M | 1.11% | 548,897 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $25.6M | 1.10% | 88,904 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $25.2M | 1.09% | 87,753 | Common | SOLE |
| 615369105 | MCO | MOODYS CORP | $25.0M | 1.08% | 57,368 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $24.6M | 1.06% | 90,927 | Common | SOLE |
| 92826C839 | V | VISA INC | $23.4M | 1.01% | 77,438 | Common | SOLE |
| 464285204 | IAU | ISHARES GOLD TR | $22.4M | 0.97% | 254,300 | Common | SOLE |
| 78409V104 | SPGI | S&P GLOBAL INC | $22.1M | 0.96% | 52,035 | Common | SOLE |
| 81369Y803 | XLK | SELECT SECTOR SPDR TR | $21.5M | 0.93% | 162,055 | Common | SOLE |
| 097023105 | BA | BOEING CO | $21.5M | 0.93% | 107,941 | Common | SOLE |
| 81369Y209 | XLV | SELECT SECTOR SPDR TR | $20.7M | 0.89% | 140,876 | Common | SOLE |
| 00510N102 | TIC | TIC SOLUTIONS INC | $19.1M | 0.82% | 2,902,230 | Common | SOLE |
| G54950103 | LIN | LINDE PLC | $18.1M | 0.78% | 36,423 | Common | SOLE |
| 464286822 | EWW | ISHARES INC | $18.0M | 0.78% | 239,617 | Common | SOLE |
| 74762E102 | QURE | QUANTA SVCS INC | $17.9M | 0.77% | 32,665 | Common | SOLE |
| 464286400 | EWZ | ISHARES INC | $16.7M | 0.72% | 434,521 | Common | SOLE |
| 03769M106 | APO | APOLLO GLOBAL MGMT INC | $16.4M | 0.71% | 147,599 | Common | SOLE |
| 464286772 | EWY | ISHARES INC | $16.3M | 0.71% | 132,765 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $16.2M | 0.70% | 63,885 | Common | SOLE |
| 824348106 | SHW | SHERWIN WILLIAMS CO | $15.8M | 0.68% | 49,183 | Common | SOLE |
| 512807306 | LRCX | LAM RESEARCH CORP | $15.3M | 0.66% | 71,531 | Common | SOLE |
| 922908744 | VTV | VANGUARD INDEX FDS | $13.6M | 0.59% | 69,120 | Common | SOLE |
| 24823R105 | DNLI | DENALI THERAPEUTICS INC | $12.0M | 0.52% | 625,000 | Common | SOLE |
| 22160K105 | COST | COSTCO WHOLESALE CORPORATION | $10.6M | 0.46% | 10,628 | Common | SOLE |
| 35473P710 | FLKR | FRANKLIN TEMPLETON ETF TR | $10.5M | 0.45% | 263,694 | Common | SOLE |
| 78468R788 | SPYD | SPDR SERIES TRUST | $9.9M | 0.43% | 217,913 | Common | SOLE |
| 78468R739 | SHM | SPDR SERIES TRUST | $9.9M | 0.43% | 206,569 | Common | SOLE |
| 464287226 | AGG | ISHARES TR | $9.8M | 0.42% | 99,128 | Common | SOLE |
| 922908553 | VNQ | VANGUARD INDEX FDS | $9.4M | 0.41% | 106,191 | Common | SOLE |
| 81369Y506 | XLE | SELECT SECTOR SPDR TR | $9.1M | 0.39% | 148,672 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO | $8.3M | 0.36% | 28,385 | Common | SOLE |
| 546347105 | LPX | LOUISIANA PAC CORP | $8.3M | 0.36% | 113,924 | Common | SOLE |
| 37954Y830 | COPX | GLOBAL X FDS | $8.0M | 0.35% | 104,678 | Common | SOLE |
| 437076102 | HD | HOME DEPOT INC | $7.7M | 0.33% | 23,444 | Common | SOLE |
| 931142103 | WMT | WALMART INC | $7.4M | 0.32% | 59,225 | Common | SOLE |
| 060505104 | BAC | BANK AMERICA CORP | $7.3M | 0.31% | 149,560 | Common | SOLE |
| 617446448 | MS | MORGAN STANLEY | $7.2M | 0.31% | 43,762 | Common | SOLE |
| 00790R104 | WMS | ADVANCED DRAIN SYS INC DEL | $6.9M | 0.30% | 50,016 | Common | SOLE |
| 235851102 | DHR | DANAHER CORP DEL | $6.4M | 0.28% | 33,694 | Common | SOLE |
| G4124C109 | GRAB | GRAB HOLDINGS LIMITED | $5.9M | 0.25% | 1,600,000 | Common | SOLE |
| Y41053102 | INSW | INTERNATIONAL SEAWAYS INC | $5.3M | 0.23% | 73,147 | Common | SOLE |
| 35473P744 | FLJP | FRANKLIN TEMPLETON ETF TR | $5.3M | 0.23% | 146,612 | Common | SOLE |
| 911363109 | URI | UNITED RENTALS INC | $5.3M | 0.23% | 7,279 | Common | SOLE |
| 573284106 | MLM | MARTIN MARIETTA MATLS INC | $4.9M | 0.21% | 8,407 | Common | SOLE |
| 580135101 | MCD | MCDONALDS CORP | $4.6M | 0.20% | 14,658 | Common | SOLE |
| 293792107 | EPD | ENTERPRISE PRODS PARTNERS L | $4.5M | 0.20% | 120,021 | Common | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $4.5M | 0.19% | 117,140 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $4.5M | 0.19% | 18,137 | Common | SOLE |
| 172062101 | CINF | CINCINNATI FINL CORP | $4.2M | 0.18% | 26,827 | Common | SOLE |
| 24703L202 | DELL | DELL TECHNOLOGIES INC | $4.1M | 0.18% | 24,811 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $3.8M | 0.16% | 12,325 | Common | SOLE |
| G4253H101 | JHX | JAMES HARDIE INDS PLC | $3.6M | 0.16% | 190,661 | Common | SOLE |
| 78464A854 | SPYM | SPDR SERIES TRUST | $3.5M | 0.15% | 45,151 | Common | SOLE |
| 87266M107 | TRTX | TPG RE FIN TR INC | $3.1M | 0.14% | 401,607 | Common | SOLE |
| 72201R866 | MUNI | PIMCO ETF TR | $3.0M | 0.13% | 57,919 | Common | SOLE |
| 922908363 | VOO | VANGUARD INDEX FDS | $2.4M | 0.10% | 3,941 | Common | SOLE |
| 46429B598 | INDA | ISHARES TR | $2.2M | 0.09% | 46,470 | Common | SOLE |
| Y2990R101 | HAFN | HAFNIA LTD | $2.0M | 0.09% | 264,379 | Common | SOLE |
| 718546104 | PSX | PHILLIPS 66 | $1.7M | 0.07% | 9,396 | Common | SOLE |
| 969457100 | WMB | WILLIAMS COS INC | $1.6M | 0.07% | 21,491 | Common | SOLE |
| 149123101 | CAT | CATERPILLAR INC | $1.5M | 0.07% | 2,180 | Common | SOLE |
| 85571B105 | STWD | STARWOOD PPTY TR INC | $1.4M | 0.06% | 79,029 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $1.3M | 0.06% | 2,574 | Common | SOLE |
| 88160R101 | TSLA | TESLA INC | $1.1M | 0.05% | 3,048 | Common | SOLE |
| 14021T102 | CGIC | CAPITAL GROUP INTERNATIONAL | $1.1M | 0.05% | 32,733 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $1.1M | 0.05% | 2,238 | Common | SOLE |
| 78464A672 | SPTI | SPDR SERIES TRUST | $1.0M | 0.04% | 35,199 | Common | SOLE |
| 038222105 | AMAT | APPLIED MATLS INC | $989,824 | 0.04% | 2,896 | Common | SOLE |
| G29183103 | ETN | EATON CORP PLC | $912,058 | 0.04% | 2,550 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO INC | $860,795 | 0.04% | 7,156 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $811,484 | 0.04% | 4,783 | Common | SOLE |
| 25278X109 | FANG | DIAMONDBACK ENERGY INC | $705,319 | 0.03% | 3,566 | Common | SOLE |
| 882508104 | TXN | TEXAS INSTRS INC | $691,721 | 0.03% | 3,563 | Common | SOLE |
| G8994E103 | TT | TRANE TECHNOLOGIES PLC | $632,195 | 0.03% | 1,517 | Common | SOLE |
| 742718109 | PG | PROCTER & GAMBLE CO | $617,048 | 0.03% | 4,272 | Common | SOLE |
| 651639106 | NEM | NEWMONT CORP | $554,024 | 0.02% | 5,118 | Common | SOLE |
| 81369Y852 | XLC | SELECT SECTOR SPDR TR | $473,040 | 0.02% | 4,267 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $470,547 | 0.02% | 1,925 | Common | SOLE |
| 40412C101 | HCA | HCA HEALTHCARE INC | $459,043 | 0.02% | 970 | Common | SOLE |
| 65339F101 | NEE | NEXTERA ENERGY INC | $448,053 | 0.02% | 4,824 | Common | SOLE |
| 452308109 | ITW | ILLINOIS TOOL WKS INC | $434,684 | 0.02% | 1,670 | Common | SOLE |
| 438516106 | HON | HONEYWELL INTL INC | $429,457 | 0.02% | 1,900 | Common | SOLE |
| 929160909 | — | VULCAN MATLS CO | $429,030 | 0.02% | 378 | CALL | SOLE |
| 26884L109 | EQT | EQT CORP | $414,806 | 0.02% | 6,518 | Common | SOLE |
| 00287Y109 | ABBV | ABBVIE INC | $389,090 | 0.02% | 1,789 | Common | SOLE |
| 92276F100 | VTR | VENTAS INC | $377,006 | 0.02% | 4,610 | Common | SOLE |
| 69608A108 | PLTR | PALANTIR TECHNOLOGIES INC | $371,844 | 0.02% | 2,542 | Common | SOLE |
| 46333X108 | IRWD | IRONWOOD PHARMACEUTICALS INC | $355,837 | 0.02% | 101,378 | Common | SOLE |
| 92532F100 | VRTX | VERTEX PHARMACEUTICALS INC | $348,301 | 0.02% | 780 | Common | SOLE |
| 101137107 | BSX | BOSTON SCIENTIFIC CORP | $346,192 | 0.01% | 5,517 | Common | SOLE |
| 00724F101 | ADBE | ADOBE INC | $343,229 | 0.01% | 1,412 | Common | SOLE |
| 95040Q104 | WELL | WELLTOWER INC | $343,225 | 0.01% | 1,736 | Common | SOLE |
| 629377508 | NRG | NRG ENERGY INC | $335,391 | 0.01% | 2,295 | Common | SOLE |
| 48251W104 | KKR | KKR & CO INC | $329,300 | 0.01% | 3,560 | Common | SOLE |
| 406216101 | HAL | HALLIBURTON CO | $314,415 | 0.01% | 8,064 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORPORATION | $314,074 | 0.01% | 1,518 | Common | SOLE |
| 655844108 | NSC | NORFOLK SOUTHN CORP | $306,803 | 0.01% | 1,069 | Common | SOLE |
| 718172109 | PM | PHILIP MORRIS INTL INC | $305,383 | 0.01% | 1,847 | Common | SOLE |
| 666807102 | NOC | NORTHROP GRUMMAN CORP | $298,139 | 0.01% | 437 | Common | SOLE |
| 67103H107 | ORLY | OREILLY AUTOMOTIVE INC | $294,930 | 0.01% | 3,195 | Common | SOLE |
| 254687106 | DIS | DISNEY WALT CO | $293,959 | 0.01% | 3,050 | Common | SOLE |
| 539830109 | LMT | LOCKHEED MARTIN CORP | $293,734 | 0.01% | 486 | Common | SOLE |
| 00206R102 | T | AT&T INC | $290,828 | 0.01% | 10,032 | Common | SOLE |
| 889478103 | TOL | TOLL BROTHERS INC | $287,542 | 0.01% | 2,107 | Common | SOLE |
| 46120E602 | ISRG | INTUITIVE SURGICAL INC | $286,275 | 0.01% | 621 | Common | SOLE |
| 002824100 | ABT | ABBOTT LABORATORIES | $267,661 | 0.01% | 2,607 | Common | SOLE |
| 461202103 | INTU | INTUIT | $267,643 | 0.01% | 619 | Common | SOLE |
| 682680103 | OKE | ONEOK INC NEW | $267,283 | 0.01% | 2,957 | Common | SOLE |
| 855244109 | SBUX | STARBUCKS CORP | $266,978 | 0.01% | 2,980 | Common | SOLE |
| 872540109 | TJX | TJX COS INC NEW | $265,102 | 0.01% | 1,660 | Common | SOLE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $261,002 | 0.01% | 531 | Common | SOLE |
| 020002101 | ALL | ALLSTATE CORP | $231,806 | 0.01% | 1,118 | Common | SOLE |
| 960413102 | WLK | WESTLAKE CORPORATION | $231,070 | 0.01% | 1,978 | Common | SOLE |
| 369604301 | GE | GE AEROSPACE | $218,219 | 0.01% | 769 | Common | SOLE |
| 031162100 | AMGN | AMGEN INC | $218,147 | 0.01% | 620 | Common | SOLE |
| 023135906 | AMZN | AMAZON COM INC | $216,080 | 0.01% | 148 | CALL | SOLE |
| 548661107 | LOW | LOWES COS INC | $215,015 | 0.01% | 910 | Common | SOLE |
| 744320102 | PRU | PRUDENTIAL FINL INC | $214,527 | 0.01% | 2,196 | Common | SOLE |
| 231021106 | CMI | CUMMINS INC | $205,524 | 0.01% | 382 | Common | SOLE |
| 458140100 | INTC | INTEL CORP | $205,116 | 0.01% | 4,648 | Common | SOLE |
| 12572Q105 | CME | CME GROUP INC | $201,724 | 0.01% | 683 | Common | SOLE |
| 81369Y506 | XLE | SELECT SECTOR SPDR TR | $167,913 | 0.01% | 691 | CALL | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.