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Portfolio (Quarterly) Guide ↗

Cercano Management LLC

· CIK 0001936416
13F Portfolio $2.6B AUM 171 positions Filed Feb 10, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 19 New 22 Added 14 Reduced 24 Exited
Page 1 of 2  ·  22 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 UNP UNION PAC CORP Industrials 1,126,608.0 $260.6M 9.86% +24K +2.2% $231.32 +17.0%
2 QXO QXO INC Industrials 10,815,832.0 $208.6M 7.89% +231K +2.2% $19.29 -15.3%
3 NVDA NVIDIA CORPORATION Technology 626,158.0 $116.8M 4.42% +113K +22.0% $186.50 +20.8%
4 META META PLATFORMS INC Communication Services 151,007.0 $99.7M 3.77% +19K +14.2% $660.09 -6.9%
5 IAU ISHARES GOLD TR Financial Services 497,522.0 $40.4M 1.53% +438K +731.0% $81.17 +5.7%
6 SPY SPDR S&P 500 ETF TR Financial Services 55,788.0 $38.0M 1.44% +4K +6.9% $681.92 +8.3%
7 PANW PALO ALTO NETWORKS INC Technology 190,830.0 $35.2M 1.33% +95K +98.6% $184.20 +31.8%
8 SPEM SPDR INDEX SHS FDS 642,100.0 $30.1M 1.14% +610K +1889.5% $46.81 +8.8%
9 UNH UNITEDHEALTH GROUP INC Healthcare 90,927.0 $30.0M 1.14% +14K +18.7% $330.11 +19.3%
10 GOOGL ALPHABET INC Communication Services 89,837.0 $28.1M 1.06% +1K +1.5% $313.00 +26.8%
11 COF CAPITAL ONE FINL CORP Financial Services 94,570.0 $22.9M 0.87% +33K +53.1% $242.36 -22.8%
12 SHW SHERWIN WILLIAMS CO Basic Materials 65,792.0 $21.3M 0.81% +8K +14.0% $324.03 -7.4%
13 BA BOEING CO Industrials 91,002.0 $19.8M 0.75% +39K +75.0% $217.12 +1.6%
14 COST COSTCO WHSL CORP NEW Consumer Defensive 17,139.0 $14.8M 0.56% +16K +2307.2% $862.34 +21.6%
15 BSX BOSTON SCIENTIFIC CORP Healthcare 153,931.0 $14.7M 0.56% +148K +2690.1% $95.35 -41.4%
16 XLK SELECT SECTOR SPDR TR 98,448.0 $14.2M 0.54% +25K +34.4% $143.97 +21.1%
17 LRCX LAM RESEARCH CORP Technology 72,360.0 $12.4M 0.47% +64K +745.3% $171.18 +66.3%
18 HD HOME DEPOT INC Consumer Cyclical 23,874.0 $8.2M 0.31% +21K +882.5% $344.10 -13.5%
19 WMT WALMART INC Consumer Defensive 69,379.0 $7.7M 0.29% +56K +408.8% $111.41 +18.0%
20 XLE SELECT SECTOR SPDR TR 148,672.0 $6.6M 0.25% +74K +100.0% $44.71 +35.4%
Page 1 of 2  ·  22 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Industrials 36.0%
Technology 22.7%
Financial Services 14.0%
Healthcare 10.4%
Communication Services 6.5%
Consumer Cyclical 3.4%
Utilities 2.5%
Basic Materials 2.5%
Consumer Defensive 1.0%
Energy 0.6%