Cercano Management LLC

← Tracker

Institutional

CIK 0001936416

$2.32B

Reported AUM

141

Positions

Q1 2026

Period

2026-05-13

Filed

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%.

Portfolio · Q1 2026

Top holdings

#	Stock	Issuer	Price	Day %	1Y Gr.	5Y Gr.	Value	% of book	Δ shares (QoQ)	Status
1	UNP	UNION PAC CORP	$292.12	0.92%	35.99%	49.89%	$255.0M	11.01%	—	HELD
2	MSFT	MICROSOFT CORP	$465.00	3.08%	-13.24%	55.41%	$225.2M	9.72%	—	HELD
3	XPO	XPO INC	$200.97	0.86%	70.62%	292.49%	$147.2M	6.35%	—	HELD
4	RSP	INVESCO EXCHANGE TRADED FD T	$214.95	-0.20%	19.76%	48.72%	$142.3M	6.14%	—	HELD
5	LLY	ELI LILLY & CO	$1148.35	-0.57%	50.85%	361.96%	$126.4M	5.46%	—	HELD
6	NVDA	NVIDIA CORPORATION	$201.19	3.15%	12.42%	774.16%	$108.8M	4.70%	—	HELD
7	QXO	QXO INC	$13.30	-1.19%	-31.30%	-70.79%	$93.5M	4.04%	—	HELD
8	META	META PLATFORMS INC	$556.34	3.21%	-27.89%	43.33%	$86.1M	3.72%	—	HELD
9	AMZN	AMAZON COM INC	$271.42	15.25%	9.66%	35.70%	$60.0M	2.59%	—	HELD
10	NFLX	NETFLIX INC.	$71.69	-2.02%	-36.85%	28.55%	$59.5M	2.57%	—	HELD
11	SCHW	SCHWAB CHARLES CORP	$105.24	0.87%	10.97%	53.18%	$36.7M	1.58%	—	HELD
12	SPY	STATE STR SPDR S&P 500 ETF T	$746.85	0.70%	20.62%	75.74%	$36.3M	1.57%	—	HELD
13	HYMB	SPDR SERIES TRUST	$24.89	-0.16%	6.67%	0.30%	$34.4M	1.49%	—	HELD
14	BLDR	BUILDERS FIRSTSOURCE INC	$66.44	0.65%	-49.29%	23.87%	$31.8M	1.37%	—	HELD
15	COF	CAPITAL ONE FINL CORP	$209.01	-0.54%	2.78%	37.78%	$31.7M	1.37%	—	HELD
16	BKSY	BLACKSKY TECHNOLOGY INC	$23.05	2.63%	21.87%	-71.35%	$31.3M	1.35%	—	HELD
17	GEV	GE VERNOVA INC	$990.11	0.83%	49.92%	541.55%	$29.0M	1.25%	—	HELD
18	QQQ	INVESCO QQQ TR	$688.22	0.68%	24.01%	85.38%	$28.1M	1.21%	—	HELD
19	NAUT	NAUTILUS BIOTECHNOLOGY INC	$0.98	-5.15%	26.31%	-87.77%	$27.8M	1.20%	—	HELD
20	CEG	CONSTELLATION ENERGY CORP	$262.75	-0.31%	-22.25%	492.61%	$26.0M	1.12%	—	HELD
21	SPEM	SPDR INDEX SHS FDS	$50.93	0.77%	21.20%	34.00%	$25.7M	1.11%	—	HELD
22	GOOGL	ALPHABET INC	$355.99	6.69%	85.11%	143.37%	$25.6M	1.10%	—	HELD
23	GOOG	ALPHABET INC	$356.65	6.88%	76.17%	131.42%	$25.2M	1.09%	—	HELD
24	MCO	MOODYS CORP	$478.38	-0.80%	-2.99%	31.89%	$25.0M	1.08%	—	HELD
25	UNH	UNITEDHEALTH GROUP INC	$414.22	-1.72%	80.64%	9.66%	$24.6M	1.06%	—	HELD
26	V	VISA INC	$366.16	-0.03%	8.84%	65.83%	$23.4M	1.01%	—	HELD
27	IAU	ISHARES GOLD TR	$76.17	-1.46%	22.14%	123.86%	$22.4M	0.97%	—	HELD
28	SPGI	S&P GLOBAL INC	$411.77	-0.78%	-18.94%	2.88%	$22.1M	0.96%	—	HELD
29	XLK	SELECT SECTOR SPDR TR	$175.28	-0.26%	37.13%	129.18%	$21.5M	0.93%	—	HELD
30	BA	BOEING CO	$216.14	-2.15%	-3.07%	-2.01%	$21.5M	0.93%	—	HELD
31	XLV	SELECT SECTOR SPDR TR	$162.55	-0.59%	—	—	$20.7M	0.89%	—	HELD
32	TIC	TIC SOLUTIONS INC	$7.31	0.69%	—	—	$19.1M	0.82%	—	HELD
33	LIN	LINDE PLC	$478.38	-5.95%	—	—	$18.1M	0.78%	—	HELD
34	EWW	ISHARES INC	$76.81	-0.39%	—	—	$18.0M	0.78%	—	HELD
35	QURE	QUANTA SVCS INC	$43.63	3.41%	—	—	$17.9M	0.77%	—	HELD
36	EWZ	ISHARES INC	$36.65	0.33%	—	—	$16.7M	0.72%	—	HELD
37	APO	APOLLO GLOBAL MGMT INC	$125.70	4.53%	—	—	$16.4M	0.71%	—	HELD
38	EWY	ISHARES INC	$157.10	-2.55%	—	—	$16.3M	0.71%	—	HELD
39	AAPL	APPLE INC	$310.42	-6.90%	—	—	$16.2M	0.70%	—	HELD
40	SHW	SHERWIN WILLIAMS CO	$340.90	-1.14%	—	—	$15.8M	0.68%	—	HELD
41	LRCX	LAM RESEARCH CORP	$293.02	-1.58%	—	—	$15.3M	0.66%	—	HELD
42	VTV	VANGUARD INDEX FDS	$219.92	-0.28%	—	—	$13.6M	0.59%	—	HELD
43	DNLI	DENALI THERAPEUTICS INC	$23.02	-5.46%	—	—	$12.0M	0.52%	—	HELD
44	COST	COSTCO WHOLESALE CORPORATION	$951.89	-0.24%	—	—	$10.6M	0.46%	—	HELD
45	FLKR	FRANKLIN TEMPLETON ETF TR	$51.49	-2.28%	—	—	$10.5M	0.45%	—	HELD
46	SPYD	SPDR SERIES TRUST	$49.50	-0.48%	—	—	$9.9M	0.43%	—	HELD
47	SHM	SPDR SERIES TRUST	$47.59	-0.04%	—	—	$9.9M	0.43%	—	HELD
48	AGG	ISHARES TR	$97.39	-0.24%	—	—	$9.8M	0.42%	—	HELD
49	VNQ	VANGUARD INDEX FDS	$98.95	-0.54%	—	—	$9.4M	0.41%	—	HELD
50	XLE	SELECT SECTOR SPDR TR	$59.55	1.00%	—	—	$9.3M	0.40%	—	HELD
51	JPM	JPMORGAN CHASE & CO	$351.86	0.29%	—	—	$8.3M	0.36%	—	HELD
52	LPX	LOUISIANA PAC CORP	$72.43	0.72%	—	—	$8.3M	0.36%	—	HELD
53	COPX	GLOBAL X FDS	$78.86	-0.81%	—	—	$8.0M	0.35%	—	HELD
54	HD	HOME DEPOT INC	$331.99	-0.41%	—	—	$7.7M	0.33%	—	HELD
55	WMT	WALMART INC	$111.21	0.09%	—	—	$7.4M	0.32%	—	HELD
56	BAC	BANK AMERICA CORP	$61.97	0.39%	—	—	$7.3M	0.31%	—	HELD
57	MS	MORGAN STANLEY	$210.56	0.24%	—	—	$7.2M	0.31%	—	HELD
58	WMS	ADVANCED DRAIN SYS INC DEL	$138.48	0.66%	—	—	$6.9M	0.30%	—	HELD
59	DHR	DANAHER CORP DEL	$195.07	-0.56%	—	—	$6.4M	0.28%	—	HELD
60	GRAB	GRAB HOLDINGS LIMITED	$3.50	2.94%	—	—	$5.9M	0.25%	—	HELD
61	INSW	INTERNATIONAL SEAWAYS INC	$96.18	1.02%	—	—	$5.3M	0.23%	—	HELD
62	FLJP	FRANKLIN TEMPLETON ETF TR	$39.38	-0.98%	—	—	$5.3M	0.23%	—	HELD
63	URI	UNITED RENTALS INC	$1079.26	0.99%	—	—	$5.3M	0.23%	—	HELD
64	MLM	MARTIN MARIETTA MATLS INC	$525.48	-2.69%	—	—	$4.9M	0.21%	—	HELD
65	MCD	MCDONALDS CORP	$270.67	0.83%	—	—	$4.6M	0.20%	—	HELD
66	EPD	ENTERPRISE PRODS PARTNERS L	$38.04	-0.21%	—	—	$4.5M	0.20%	—	HELD
67	IBIT	ISHARES BITCOIN TRUST ETF	$35.64	-2.89%	—	—	$4.5M	0.19%	—	HELD
68	IWM	ISHARES TR	$291.24	-0.46%	—	—	$4.5M	0.19%	—	HELD
69	CINF	CINCINNATI FINL CORP	$177.68	1.69%	—	—	$4.2M	0.18%	—	HELD
70	DELL	DELL TECHNOLOGIES INC	$405.06	0.06%	—	—	$4.1M	0.18%	—	HELD
71	AVGO	BROADCOM INC	$389.53	0.44%	—	—	$3.8M	0.16%	—	HELD
72	JHX	JAMES HARDIE INDS PLC	$26.28	-0.72%	—	—	$3.6M	0.16%	—	HELD
73	SPYM	SPDR SERIES TRUST	$87.91	0.69%	—	—	$3.5M	0.15%	—	HELD
74	TRTX	TPG RE FIN TR INC	$7.97	-2.57%	—	—	$3.1M	0.14%	—	HELD
75	MUNI	PIMCO ETF TR	$51.75	0.02%	—	—	$3.0M	0.13%	—	HELD
76	VOO	VANGUARD INDEX FDS	$686.71	0.72%	—	—	$2.4M	0.10%	—	HELD
77	INDA	ISHARES TR	$49.80	0.20%	—	—	$2.2M	0.09%	—	HELD
78	HAFN	HAFNIA LTD	$7.69	0.00%	—	—	$2.0M	0.09%	—	HELD
79	PSX	PHILLIPS 66	$211.68	0.51%	—	—	$1.7M	0.07%	—	HELD
80	WMB	WILLIAMS COS INC	$71.54	0.89%	—	—	$1.6M	0.07%	—	HELD
81	CAT	CATERPILLAR INC	$815.28	0.76%	—	—	$1.5M	0.07%	—	HELD
82	STWD	STARWOOD PPTY TR INC	$15.98	-1.54%	—	—	$1.4M	0.06%	—	HELD
83	MA	MASTERCARD INCORPORATED	$573.38	-0.69%	—	—	$1.3M	0.06%	—	HELD
84	TSLA	TESLA INC	$311.11	0.73%	—	—	$1.1M	0.05%	—	HELD
85	CGIC	CAPITAL GROUP INTERNATIONAL	$35.97	-0.53%	—	—	$1.1M	0.05%	—	HELD
86	BRK/B	BERKSHIRE HATHAWAY INC DEL	—	—	—	—	$1.1M	0.05%	—	HELD
87	SPTI	SPDR SERIES TRUST	$28.08	-0.21%	—	—	$1.0M	0.04%	—	HELD
88	AMAT	APPLIED MATLS INC	$507.67	1.18%	—	—	$990K	0.04%	—	HELD
89	ETN	EATON CORP PLC	$415.69	7.44%	—	—	$912K	0.04%	—	HELD
90	MRK	MERCK & CO INC	$130.22	0.33%	—	—	$861K	0.04%	—	HELD
91	XOM	EXXON MOBIL CORP	$155.44	-0.97%	—	—	$811K	0.04%	—	HELD
92	FANG	DIAMONDBACK ENERGY INC	$202.95	1.59%	—	—	$705K	0.03%	—	HELD
93	TXN	TEXAS INSTRS INC	$275.74	-1.08%	—	—	$692K	0.03%	—	HELD
94	TT	TRANE TECHNOLOGIES PLC	$455.07	3.36%	—	—	$632K	0.03%	—	HELD
95	PG	PROCTER & GAMBLE CO	$144.52	0.39%	—	—	$617K	0.03%	—	HELD
96	NEM	NEWMONT CORP	$93.71	-2.14%	—	—	$554K	0.02%	—	HELD
97	XLC	SELECT SECTOR SPDR TR	$108.21	1.53%	—	—	$473K	0.02%	—	HELD
98	JNJ	JOHNSON & JOHNSON	$256.32	0.20%	—	—	$471K	0.02%	—	HELD
99	HCA	HCA HEALTHCARE INC	$402.58	1.72%	—	—	$459K	0.02%	—	HELD
100	NEE	NEXTERA ENERGY INC	$86.93	-1.14%	—	—	$448K	0.02%	—	HELD
101	ITW	ILLINOIS TOOL WKS INC	—	—	—	—	$435K	0.02%	—	HELD
102	HON	HONEYWELL INTL INC	—	—	—	—	$429K	0.02%	—	HELD
103	—	VULCAN MATLS CO	—	—	—	—	$429K	0.02%	—	HELD
104	EQT	EQT CORP	—	—	—	—	$415K	0.02%	—	HELD
105	ABBV	ABBVIE INC	—	—	—	—	$389K	0.02%	—	HELD
106	VTR	VENTAS INC	—	—	—	—	$377K	0.02%	—	HELD
107	PLTR	PALANTIR TECHNOLOGIES INC	—	—	—	—	$372K	0.02%	—	HELD
108	IRWD	IRONWOOD PHARMACEUTICALS INC	—	—	—	—	$356K	0.02%	—	HELD
109	VRTX	VERTEX PHARMACEUTICALS INC	—	—	—	—	$348K	0.02%	—	HELD
110	BSX	BOSTON SCIENTIFIC CORP	—	—	—	—	$346K	0.01%	—	HELD
111	ADBE	ADOBE INC	—	—	—	—	$343K	0.01%	—	HELD
112	WELL	WELLTOWER INC	—	—	—	—	$343K	0.01%	—	HELD
113	NRG	NRG ENERGY INC	—	—	—	—	$335K	0.01%	—	HELD
114	KKR	KKR & CO INC	—	—	—	—	$329K	0.01%	—	HELD
115	HAL	HALLIBURTON CO	—	—	—	—	$314K	0.01%	—	HELD
116	CVX	CHEVRON CORPORATION	—	—	—	—	$314K	0.01%	—	HELD
117	NSC	NORFOLK SOUTHN CORP	—	—	—	—	$307K	0.01%	—	HELD
118	PM	PHILIP MORRIS INTL INC	—	—	—	—	$305K	0.01%	—	HELD
119	NOC	NORTHROP GRUMMAN CORP	—	—	—	—	$298K	0.01%	—	HELD
120	ORLY	OREILLY AUTOMOTIVE INC	—	—	—	—	$295K	0.01%	—	HELD
121	DIS	DISNEY WALT CO	—	—	—	—	$294K	0.01%	—	HELD
122	LMT	LOCKHEED MARTIN CORP	—	—	—	—	$294K	0.01%	—	HELD
123	T	AT&T INC	—	—	—	—	$291K	0.01%	—	HELD
124	TOL	TOLL BROTHERS INC	—	—	—	—	$288K	0.01%	—	HELD
125	ISRG	INTUITIVE SURGICAL INC	—	—	—	—	$286K	0.01%	—	HELD
126	ABT	ABBOTT LABORATORIES	—	—	—	—	$268K	0.01%	—	HELD
127	INTU	INTUIT	—	—	—	—	$268K	0.01%	—	HELD
128	OKE	ONEOK INC NEW	—	—	—	—	$267K	0.01%	—	HELD
129	SBUX	STARBUCKS CORP	—	—	—	—	$267K	0.01%	—	HELD
130	TJX	TJX COS INC NEW	—	—	—	—	$265K	0.01%	—	HELD
131	TMO	THERMO FISHER SCIENTIFIC INC	—	—	—	—	$261K	0.01%	—	HELD
132	ALL	ALLSTATE CORP	—	—	—	—	$232K	0.01%	—	HELD
133	WLK	WESTLAKE CORPORATION	—	—	—	—	$231K	0.01%	—	HELD
134	GE	GE AEROSPACE	—	—	—	—	$218K	0.01%	—	HELD
135	AMGN	AMGEN INC	—	—	—	—	$218K	0.01%	—	HELD
136	AMZN	AMAZON COM INC	$271.42	15.25%	9.66%	35.70%	$216K	0.01%	—	HELD
137	LOW	LOWES COS INC	—	—	—	—	$215K	0.01%	—	HELD
138	PRU	PRUDENTIAL FINL INC	—	—	—	—	$215K	0.01%	—	HELD
139	CMI	CUMMINS INC	—	—	—	—	$206K	0.01%	—	HELD
140	INTC	INTEL CORP	—	—	—	—	$205K	0.01%	—	HELD
141	CME	CME GROUP INC	—	—	—	—	$202K	0.01%	—	HELD

Source: SEC EDGAR · accession 0001062993-26-002563. 13F discloses long positions only — shorts, foreign equities, and options are excluded.