Latest Cercano Management LLC Stock Portfolio

Cercano Management LLC Performance:

2025 Q4: 2.39%YTD: 7.28%2024: 6.39%

Performance for 2025 Q4 is 2.39%, and YTD is 7.28%, and 2024 is 6.39%.

About Cercano Management LLC and 13F Hedge Fund Stock Holdings

On 2026-02-10, the fund reported it's updated stock portfolio. In the 13F Holdings report, Cercano Management LLC reported an equity portfolio of $2.6 Billions as of 31 Dec, 2025.

The top stock holdings of Cercano Management LLC are MSFT, XPO, UNP. The fund has invested 11.2% of it's portfolio in MICROSOFT CORP and 10% of portfolio in XPO INC.

The fund managers got completely rid off MR COOPER GROUP INC (COOP), SPDR GOLD TR (GLD) and PIMCO DYNAMIC INCOME OPRNTS stocks. They significantly reduced their stock positions in MERCADOLIBRE INC (MELI), NORTHROP GRUMMAN CORP (NOC) and INTUITIVE SURGICAL INC (ISRG). Cercano Management LLC opened new stock positions in LINDE PLC (LIN), ISHARES INC (ACWV) and DANAHER CORPORATION (DHR). The fund showed a lot of confidence in some stocks as they added substantially to UNITED RENTALS INC (URI), BOSTON SCIENTIFIC CORP (BSX) and COSTCO WHSL CORP NEW (COST).

Cercano Management LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Cercano Management LLC made a return of 2.39% in the last quarter. In trailing 12 months, it's portfolio return was 7.28%.

Performance
S&P 500

New Buys

Ticker	$ Bought
linde plc	15,737,200
ishares inc	15,598,400
danaher corporation	12,872,600
aon plc	10,710,600
grab holdings limited	7,984,000
global x fds	7,716,920
international seaways inc	4,137,380
williams cos inc	1,434,400

New stocks bought by Cercano Management LLC

Additions

Ticker	% Inc.
united rentals inc	3,451
boston scientific corp	2,690
costco whsl corp new	2,307
spdr index shs fds	1,889
netflix inc	900
home depot inc	882
lam research corp	745
ishares gold tr	731

Additions to existing portfolio by Cercano Management LLC

Reductions

Ticker	% Reduced
mercadolibre inc	-96.22
northrop grumman corp	-95.86
intuitive surgical inc	-93.28
gulfport energy corp	-74.25
philip morris intl inc	-23.8
apple inc	-20.38
builders firstsource inc	-15.21
microsoft corp	-14.85

Cercano Management LLC reduced stake in above stock

Sold off

Ticker	$ Sold
pimco dynamic income oprnts	-23,533,100
lionsgate studios corp	-6,717,610
mr cooper group inc	-60,144,900
ishares silver tr	-11,476,300
james hardie inds plc	-4,565,200
sandstorm gold ltd	-2,831,530
uber technologies inc	-13,127,700
delta air lines inc del	-7,358,540

Cercano Management LLC got rid off the above stocks

Sector Distribution

Cercano Management LLC has about 27.4% of it's holdings in Technology sector.

Sector	%
Technology	27.4
Industrials	22.6
Others	20.3
Healthcare	9.1
Financial Services	7.1
Communication Services	5.6
Consumer Cyclical	3
Basic Materials	1.8
Utilities	1.5

Market Cap. Distribution

Cercano Management LLC has about 69.1% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	35.2
LARGE-CAP	33.9
UNALLOCATED	20.3
MICRO-CAP	8.8

Stocks belong to which Index?

About 60.1% of the stocks held by Cercano Management LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	57.9
Others	39.9
RUSSELL 2000	2.2

Top 5 Winners (%)		%
IRWD	ironwood pharmaceuticals inc	157.3 %
NAUT	nautilus biotechnology inc	130.8 %
LLY	eli lilly & co	39.9 %
EXPE	expedia group inc	31.1 %
GOOG	alphabet inc	28.8 %

Top 5 Winners ($)		$
LLY	eli lilly & co	45.5 M
MSFT	microsoft corp	14.7 M
XPO	xpo inc	12.9 M
NAUT	nautilus biotechnology inc	7.9 M
GOOG	alphabet inc	6.2 M

Top 5 Losers (%)		%
NFLX	netflix inc	-86.6 %
XLB	select sector spdr tr	-45.5 %
XLB	select sector spdr tr	-42.8 %
	tic solutions inc	-24.0 %
	ishares bitcoin trust etf	-23.6 %

Top 5 Losers ($)		$
XLB	select sector spdr tr	-11.8 M
META	meta platforms inc	-10.5 M
	tic solutions inc	-9.3 M
NFLX	netflix inc	-6.3 M
UNP	union pac corp	-5.6 M

Cercano Management LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Cercano Management LLC

Cercano Management LLC has 145 stocks in it's portfolio. About 60.5% of the portfolio is in top 10 stocks. XLB proved to be the most loss making stock for the portfolio. LLY was the most profitable stock for Cercano Management LLC last quarter.

Last Reported on: 10 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
A	agilent technologies inc	0.01	1,666	226,693	unchanged	0.00

AAPL	apple inc	0.67	64,847	17,629,300	reduced	-20.38

ABBV	abbvie inc	0.01	1,789	408,769	unchanged	0.00

ABT	abbott labs	0.01	2,607	326,631	unchanged	0.00

ACN	accenture plc ireland	0.01	871	233,689	unchanged	0.00

ACWV	ishares inc	0.63	239,617	16,612,600	unchanged	0.00

ACWV	ishares inc	0.59	490,980	15,598,400	new

ACWV	ishares inc	0.49	132,765	12,907,400	unchanged	0.00

ADBE	adobe inc	0.02	1,412	494,186	unchanged	0.00

AGNG	global x fds	0.29	107,493	7,716,920	new

ALL	allstate corp	0.01	1,118	232,712	unchanged	0.00

AMAT	applied matls inc	0.03	2,896	744,243	unchanged	0.00

AMD	advanced micro devices inc	0.01	948	203,024	new

AMGN	amgen inc	0.01	620	202,932	new

AMPS	ishares tr	0.10	46,470	2,511,700	unchanged	0.00

AMZN	amazon com inc	2.20	251,539	58,060,200	unchanged	0.00

ANET	arista networks inc	0.00	0.00	0.00	sold off	-100

AON	aon plc	0.41	30,352	10,710,600	new

AVGO	broadcom inc	0.17	12,877	4,456,730	unchanged	0.00

BA	boeing co	0.75	91,002	19,758,400	added	75.04