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Portfolio (Quarterly) Guide ↗

Cercano Management LLC

· CIK 0001936416
13F Portfolio $2.6B AUM Filed Nov 7, 2025 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 151 New
Page 1 of 8  ·  151 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 MSFT MICROSOFT CORP Technology 637,403.0 $330.1M 12.65% NEW $517.95 -18.2%
2 UNP UNION PAC CORP Industrials 1,102,113.0 $260.5M 9.98% NEW $236.37 +16.4%
3 XPO XPO INC Industrials 1,945,996.0 $251.6M 9.64% NEW $129.27 +55.1%
4 QXO QXO INC Industrials 10,585,316.0 $201.8M 7.73% NEW $19.06 -12.4%
5 RSP INVESCO EXCHANGE TRADED FD T 624,081.0 $118.4M 4.54% NEW $189.70 +6.3%
6 LLY ELI LILLY & CO Healthcare 149,387.0 $114.0M 4.37% NEW $763.00 +29.5%
7 META META PLATFORMS INC Communication Services 132,289.0 $97.2M 3.72% NEW $734.38 -16.8%
8 NVDA NVIDIA CORPORATION Technology 513,079.0 $95.7M 3.67% NEW $186.58 +19.2%
9 MR COOPER GROUP INC 285,331.0 $60.1M 2.30% NEW $210.79
10 AMZN AMAZON COM INC Consumer Cyclical 251,539.0 $55.2M 2.12% NEW $219.57 +18.1%
11 TIC ACUREN CORP Industrials 2,902,230.0 $38.6M 1.48% NEW $13.31 -32.4%
12 SCHW SCHWAB CHARLES CORP Financial Services 390,217.0 $37.3M 1.43% NEW $95.47 -3.2%
13 SPY SPDR S&P 500 ETF TR Financial Services 52,187.0 $34.8M 1.33% NEW $666.18 +10.1%
14 HYMB SPDR SERIES TRUST 1,387,825.0 $34.6M 1.33% NEW $24.93 -0.8%
15 GLD SPDR GOLD TR Financial Services 96,309.0 $34.2M 1.31% NEW $355.47 +17.7%
16 QQQ INVESCO QQQ TR Financial Services 56,951.0 $34.2M 1.31% NEW $600.37 +16.8%
17 CEG CONSTELLATION ENERGY CORP Utilities 100,915.0 $33.2M 1.27% NEW $329.07 -20.8%
18 MCO MOODYS CORP Financial Services 57,368.0 $27.3M 1.05% NEW $476.48 -6.9%
19 UNH UNITEDHEALTH GROUP INC Healthcare 76,615.0 $26.5M 1.01% NEW $345.30 +13.3%
20 V VISA INC Financial Services 77,039.0 $26.3M 1.01% NEW $341.38 -2.6%
Page 1 of 8  ·  151 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 37.0%
Technology 24.8%
Financial Services 15.5%
Healthcare 7.4%
Communication Services 6.5%
Consumer Cyclical 3.7%
Utilities 2.5%
Basic Materials 1.9%
Energy 0.3%
Real Estate 0.3%