Cercano Management LLC

13F filer · CIK 0001936416

Reported Aug 14, 2026

Net seller this quarter

13F portfolio value$750MU.S. long equity reported on 13F

Positions11819 new · 16 closed

Net flow last quarter-$1.47BBuys minus sells

Top 10 positions weight58.5%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Aug 14, 2026118 positions
UNPUnion Pacific Corp	$280M	37.30%	0.17%	-2.1%	Q4 2022
METAMeta Platforms, Inc.	$44.6M	5.95%	Not reported	-47.3%	Q1 2023
BKSYBlackSky Technology Inc.	$26M	3.47%	2.30%	-25.0%	Q4 2022
NVDANvidia Corp	$17.6M	2.34%	0.00%	-85.9%	Q2 2023
DNLIDenali Therapeutics Inc.	$16.1M	2.14%	0.39%	Not reported	Q4 2022
NAUTNautilus Biotechnology, Inc.	$13.4M	1.79%	5.64%	Not reported	Q4 2022
AMZNAmazon Com Inc	$13.3M	1.77%	0.00%	-80.7%	Q4 2022
PDOPIMCO Dynamic Income Opportunities Fund	$10.4M	1.38%	Not reported	Not reported	Q2 2024
AAPLApple Inc.	$9M	1.20%	0.00%	-51.3%	Q4 2022
JHXJames Hardie Industries plc	$8.86M	1.18%	0.06%	+77.6%	Q1 2026
QXOQXO, Inc.	$8.34M	1.11%	0.07%	-90.0%	Q3 2024
MUMicron Technology Inc	$7.74M	1.03%	0.00%	Not reported	Q1 2023
SPYSPDR S&P 500 ETF Trust	$7.21M	0.96%	Not reported	-82.7%	Q4 2022
MSFTMicrosoft Corp	$7.15M	0.95%	0.00%	-96.9%	Q4 2022
GOOGLAlphabet Inc.	$6.79M	0.91%	0.00%	-78.6%	Q4 2022
LRCXLam Research Corp	$6.55M	0.87%	0.00%	-78.9%	Q4 2024
LLYELI LILLY & Co	$6.42M	0.86%	0.00%	-96.1%	Q3 2024
COFCapital One Financial Corp	$6.3M	0.84%	0.01%	-81.9%	Q2 2025
GRABGrab Holdings Ltd	$6.03M	0.80%	Not reported	Not reported	Q4 2022
XPOXPO, Inc.	$5.97M	0.80%	0.02%	-96.2%	Q4 2022
VMCVulcan Materials CO	$5.6M	0.75%	0.01%	New	Q2 2026
INSWInternational Seaways, Inc.	$5.6M	0.75%	0.15%	Not reported	Q1 2024
AVGOBroadcom Inc.	$4.66M	0.62%	0.00%	Not reported	Q3 2024
GOOGAlphabet Inc.	$4.65M	0.62%	Not reported	-85.0%	Q4 2022
DASHDoorDash, Inc.	$4.42M	0.59%	Not reported	New	Q2 2026
EPDEnterprise Products Partners L.P.	$4.41M	0.59%	0.01%	Not reported	Q4 2022
JAZZJazz Pharmaceuticals plc	$4.18M	0.56%	0.03%	Not reported	Q4 2024
IBITiShares Bitcoin Trust ETF	$3.9M	0.52%	0.01%	Not reported	Q4 2024
TRTXTPG RE Finance Trust, Inc.	$3.36M	0.45%	0.52%	Not reported	Q2 2024
BACBank of America Corp	$2.69M	0.36%	0.00%	-68.5%	Q3 2024
PWRQuanta Services, Inc.	$2.66M	0.35%	0.00%	-88.7%	Q4 2022
JPMJPMorgan Chase & Co	$2.63M	0.35%	0.00%	-71.7%	Q3 2024
MDYSPDR S&P Midcap 400 ETF Trust	$2.56M	0.34%	Not reported	Not reported	Q1 2024
COSTCostco Wholesale Corp	$2.33M	0.31%	0.00%	-76.6%	Q3 2024
CATCaterpillar Inc	$2.32M	0.31%	0.00%	Not reported	Q3 2024
WMTWalmart Inc.	$2.29M	0.31%	0.00%	-65.9%	Q3 2024
AMATApplied Materials Inc	$2.09M	0.28%	0.00%	Not reported	Q1 2023
HDHome Depot, Inc.	$2.05M	0.27%	0.00%	-75.2%	Q3 2024
LINLinde PLC	$1.99M	0.27%	0.00%	-89.5%	Q4 2025
MSMorgan Stanley	$1.91M	0.25%	0.00%	-79.1%	Q3 2024
URIUnited Rentals, Inc.	$1.88M	0.25%	0.00%	-77.2%	Q4 2025
RDDTReddit, Inc.	$1.78M	0.24%	Not reported	New	Q2 2026
HAFNHafnia Ltd	$1.73M	0.23%	0.05%	Not reported	Q3 2024
CEGConstellation Energy Corp	$1.66M	0.22%	0.00%	-92.8%	Q2 2025
WMBWilliams Companies, Inc.	$1.6M	0.21%	0.00%	Not reported	Q4 2025
PSXPhillips 66	$1.59M	0.21%	0.00%	Not reported	Q2 2023
ASMLAsml Holding NV	$1.41M	0.19%	0.00%	Not reported	Q4 2023
MAMastercard Inc	$1.32M	0.18%	0.00%	Not reported	Q4 2022
DHRDanaher Corp	$1.31M	0.18%	0.00%	-79.6%	Q3 2023
STWDStarwood Property Trust, Inc.	$1.29M	0.17%	0.02%	Not reported	Q4 2022

Q1 2026Reported May 13, 2026114 positions
UNPUnion Pacific Corp	$255M	11.01%	0.18%	-6.7%	Q4 2022
MSFTMicrosoft Corp	$225M	9.72%	0.01%	+12.1%	Q4 2022
XPOXPO, Inc.	$147M	6.35%	0.65%	-61.1%	Q4 2022
LLYELI LILLY & Co	$126M	5.46%	0.01%	-3.6%	Q3 2024
NVDANvidia Corp	$109M	4.70%	0.00%	-0.4%	Q2 2023
QXOQXO, Inc.	$93.5M	4.04%	0.68%	-55.5%	Q3 2024
METAMeta Platforms, Inc.	$86.1M	3.72%	Not reported	-0.4%	Q1 2023
AMZNAmazon Com Inc	$60M	2.59%	0.00%	+14.6%	Q4 2022
NFLXNetflix Inc	$59.5M	2.57%	0.01%	+5886.7%	Q3 2024
SCHWSchwab Charles Corp	$36.7M	1.58%	0.02%	Not reported	Q4 2022
SPYSPDR S&P 500 ETF Trust	$36.3M	1.57%	Not reported	Not reported	Q4 2022
BLDRBuilders FirstSource, Inc.	$31.8M	1.37%	0.36%	+655.5%	Q2 2024
COFCapital One Financial Corp	$31.7M	1.37%	0.03%	+83.6%	Q2 2025
BKSYBlackSky Technology Inc.	$31.3M	1.35%	3.38%	Not reported	Q4 2022
GEVGE Vernova Inc.	$29M	1.25%	0.01%	Not reported	Q2 2025
QQQInvesco QQQ Trust, Series 1	$28.1M	1.21%	Not reported	Not reported	Q2 2023
NAUTNautilus Biotechnology, Inc.	$27.8M	1.20%	5.64%	Not reported	Q4 2022
CEGConstellation Energy Corp	$26M	1.12%	0.03%	-7.8%	Q2 2025
GOOGLAlphabet Inc.	$25.6M	1.10%	0.00%	-1.0%	Q4 2022
GOOGAlphabet Inc.	$25.2M	1.09%	Not reported	+39.9%	Q4 2022
MCOMoodys Corp	$25M	1.08%	0.03%	Not reported	Q4 2022
UNHUnitedhealth Group Inc	$24.6M	1.06%	0.01%	Not reported	Q4 2022
VVisa Inc.	$23.4M	1.01%	0.00%	+0.5%	Q4 2022
IAUIshares Gold Trust	$22.4M	0.97%	0.03%	-48.9%	Q4 2024
SPGIS&P Global Inc.	$22.1M	0.96%	0.02%	Not reported	Q4 2022
BABoeing Co	$21.5M	0.93%	0.01%	+18.6%	Q4 2025
TICTIC Solutions, Inc.	$19.1M	0.82%	1.31%	Not reported	Q4 2025
LINLinde PLC	$18.1M	0.78%	0.01%	-1.3%	Q4 2025
PWRQuanta Services, Inc.	$17.9M	0.77%	0.02%	-1.2%	Q4 2022
APOApollo Global Management, Inc.	$16.4M	0.71%	0.03%	Not reported	Q4 2022
AAPLApple Inc.	$16.2M	0.70%	0.00%	-1.5%	Q4 2022
SHWSherwin Williams Co	$15.8M	0.68%	0.02%	-25.2%	Q4 2022
LRCXLam Research Corp	$15.3M	0.66%	0.01%	-1.2%	Q4 2024
DNLIDenali Therapeutics Inc.	$12M	0.52%	0.39%	Not reported	Q4 2022
COSTCostco Wholesale Corp	$10.6M	0.46%	0.00%	-38.0%	Q3 2024
JPMJPMorgan Chase & Co	$8.35M	0.36%	0.00%	-42.5%	Q3 2024
LPXLouisiana-Pacific Corp	$8.29M	0.36%	0.16%	-1.3%	Q4 2025
HDHome Depot, Inc.	$7.71M	0.33%	0.00%	-1.8%	Q3 2024
WMTWalmart Inc.	$7.36M	0.32%	0.00%	-14.6%	Q3 2024
BACBank of America Corp	$7.29M	0.31%	0.00%	-32.4%	Q3 2024
MSMorgan Stanley	$7.2M	0.31%	0.00%	+1456.3%	Q3 2024
WMSAdvanced Drainage Systems, Inc.	$6.86M	0.30%	0.07%	-50.1%	Q1 2024
DHRDanaher Corp	$6.39M	0.28%	0.00%	-40.1%	Q3 2023
GRABGrab Holdings Ltd	$5.86M	0.25%	Not reported	Not reported	Q4 2022
INSWInternational Seaways, Inc.	$5.33M	0.23%	0.15%	-14.2%	Q1 2024
URIUnited Rentals, Inc.	$5.3M	0.23%	0.01%	-2.4%	Q4 2025
MLMMartin Marietta Materials Inc	$4.95M	0.21%	0.01%	-51.0%	Q4 2023
MCDMcdonalds Corp	$4.56M	0.20%	0.00%	+1481.2%	Q1 2023
EPDEnterprise Products Partners L.P.	$4.54M	0.20%	0.01%	Not reported	Q4 2022
IBITiShares Bitcoin Trust ETF	$4.5M	0.19%	0.01%	Not reported	Q4 2024

Q4 2025Reported Feb 10, 2026121 positions
MSFTMicrosoft Corp	$295M	11.15%	0.01%	Not reported	Q4 2022
XPOXPO, Inc.	$264M	10.01%	1.66%	Not reported	Q4 2022
UNPUnion Pacific Corp	$261M	9.86%	0.19%	Not reported	Q4 2022
QXOQXO, Inc.	$209M	7.90%	1.60%	Not reported	Q3 2024
LLYELI LILLY & Co	$153M	5.79%	0.02%	Not reported	Q3 2024
NVDANvidia Corp	$117M	4.42%	0.00%	Not reported	Q2 2023
METAMeta Platforms, Inc.	$99.7M	3.77%	Not reported	Not reported	Q1 2023
AMZNAmazon Com Inc	$58.1M	2.20%	0.00%	Not reported	Q4 2022
IAUIshares Gold Trust	$40.4M	1.53%	0.06%	Not reported	Q4 2024
SCHWSchwab Charles Corp	$39M	1.48%	0.02%	Not reported	Q4 2022
SPYSPDR S&P 500 ETF Trust	$38M	1.44%	Not reported	Not reported	Q4 2022
CEGConstellation Energy Corp	$35.7M	1.35%	0.03%	Not reported	Q2 2025
PANWPalo Alto Networks Inc	$35.2M	1.33%	0.03%	Not reported	Q1 2024
UNHUnitedhealth Group Inc	$30M	1.14%	0.01%	Not reported	Q4 2022
QQQInvesco QQQ Trust, Series 1	$29.9M	1.13%	Not reported	Not reported	Q2 2023
TICTIC Solutions, Inc.	$29.3M	1.11%	1.32%	New	Q4 2025
MCOMoodys Corp	$29.3M	1.11%	0.03%	Not reported	Q4 2022
GOOGLAlphabet Inc.	$28.1M	1.06%	0.00%	Not reported	Q4 2022
SPGIS&P Global Inc.	$27.2M	1.03%	0.02%	Not reported	Q4 2022
VVisa Inc.	$27M	1.02%	0.00%	Not reported	Q4 2022
BKSYBlackSky Technology Inc.	$23.3M	0.88%	3.46%	Not reported	Q4 2022
COFCapital One Financial Corp	$22.9M	0.87%	0.02%	Not reported	Q2 2025
GEVGE Vernova Inc.	$21.7M	0.82%	0.01%	Not reported	Q2 2025
APOApollo Global Management, Inc.	$21.4M	0.81%	0.03%	Not reported	Q4 2022
SHWSherwin Williams Co	$21.3M	0.81%	0.03%	Not reported	Q4 2022
BABoeing Co	$19.8M	0.75%	0.01%	New	Q4 2025
GOOGAlphabet Inc.	$19.7M	0.75%	Not reported	Not reported	Q4 2022
AAPLApple Inc.	$17.6M	0.67%	0.00%	Not reported	Q4 2022
JPMJPMorgan Chase & Co	$15.9M	0.60%	0.00%	Not reported	Q3 2024
LINLinde PLC	$15.7M	0.60%	0.01%	New	Q4 2025
COSTCostco Wholesale Corp	$14.8M	0.56%	0.00%	Not reported	Q3 2024
BSXBoston Scientific Corp	$14.7M	0.56%	0.01%	Not reported	Q3 2024
WMSAdvanced Drainage Systems, Inc.	$14.5M	0.55%	0.14%	Not reported	Q1 2024
NAUTNautilus Biotechnology, Inc.	$14M	0.53%	5.67%	Not reported	Q4 2022
PWRQuanta Services, Inc.	$14M	0.53%	0.02%	Not reported	Q4 2022
DHRDanaher Corp	$12.9M	0.49%	0.01%	Not reported	Q3 2023
LRCXLam Research Corp	$12.4M	0.47%	0.01%	Not reported	Q4 2024
BACBank of America Corp	$12.2M	0.46%	0.00%	Not reported	Q3 2024
AONAon plc	$10.7M	0.41%	0.01%	Not reported	Q2 2025
MLMMartin Marietta Materials Inc	$10.7M	0.40%	0.03%	Not reported	Q4 2023
DNLIDenali Therapeutics Inc.	$10.3M	0.39%	0.40%	Not reported	Q4 2022
LPXLouisiana-Pacific Corp	$9.32M	0.35%	0.16%	New	Q4 2025
ORLYO Reilly Automotive Inc	$8.7M	0.33%	0.01%	Not reported	Q4 2022
HDHome Depot, Inc.	$8.22M	0.31%	0.00%	Not reported	Q3 2024
GRABGrab Holdings Ltd	$7.98M	0.30%	Not reported	Not reported	Q4 2022
WMTWalmart Inc.	$7.73M	0.29%	0.00%	Not reported	Q3 2024
DELLDell Technologies Inc.	$6.81M	0.26%	0.01%	Not reported	Q2 2023
URIUnited Rentals, Inc.	$6.04M	0.23%	0.01%	New	Q4 2025
IBITiShares Bitcoin Trust ETF	$5.82M	0.22%	0.01%	Not reported	Q4 2024
BLDRBuilders FirstSource, Inc.	$5.26M	0.20%	0.05%	Not reported	Q2 2024

Q2 2025Reported Aug 8, 2025127 positions
MSFTMicrosoft Corp	$402M	11.48%	0.01%	-15.2%	Q4 2022
XPOXPO, Inc.	$265M	7.55%	1.78%	-3.0%	Q4 2022
UNPUnion Pacific Corp	$246M	7.02%	0.18%	Not reported	Q4 2022
QXOQXO, Inc.	$246M	7.01%	1.70%	+73.7%	Q3 2024
METAMeta Platforms, Inc.	$139M	3.97%	Not reported	-17.9%	Q1 2023
AMZNAmazon Com Inc	$139M	3.96%	0.01%	+32.8%	Q4 2022
LLYELI LILLY & Co	$135M	3.87%	0.02%	+15627.0%	Q3 2024
NVDANvidia Corp	$121M	3.44%	0.00%	-15.1%	Q2 2023
NVEENV5 Global, Inc.	$90.6M	2.59%	5.85%	Not reported	Q4 2022
SCHWSchwab Charles Corp	$67.5M	1.93%	0.04%	-34.8%	Q4 2022
COOPCooperative Bankshares Inc	$53.7M	1.53%	Not reported	-57.9%	Q4 2023
MCOMoodys Corp	$52.8M	1.51%	0.06%	-38.1%	Q4 2022
VVisa Inc.	$50.8M	1.45%	0.01%	-44.8%	Q4 2022
SPGIS&P Global Inc.	$50.3M	1.43%	0.03%	-25.1%	Q4 2022
CEGConstellation Energy Corp	$46.5M	1.33%	0.05%	New	Q2 2025
UNHUnitedhealth Group Inc	$46M	1.31%	0.02%	-1.0%	Q4 2022
UBERUber Technologies, Inc	$43.2M	1.23%	0.02%	-46.1%	Q1 2024
AAPLApple Inc.	$41.7M	1.19%	0.00%	-26.3%	Q4 2022
QQQInvesco QQQ Trust, Series 1	$41.4M	1.18%	Not reported	Not reported	Q2 2023
PWRQuanta Services, Inc.	$41.1M	1.17%	0.07%	-22.5%	Q4 2022
APOApollo Global Management, Inc.	$38.6M	1.10%	0.05%	-8.7%	Q4 2022
SPYSPDR S&P 500 ETF Trust	$36.8M	1.05%	Not reported	-57.8%	Q4 2022
PANWPalo Alto Networks Inc	$35.6M	1.02%	0.03%	-18.5%	Q1 2024
GEVGE Vernova Inc.	$32.2M	0.92%	0.02%	New	Q2 2025
GLDSPDR Gold Trust	$30.6M	0.87%	0.03%	-1.6%	Q4 2022
APDAir Products & Chemicals, Inc.	$29.8M	0.85%	0.05%	-43.0%	Q1 2025
AONAon plc	$29.7M	0.85%	0.04%	New	Q2 2025
SBUXStarbucks Corp	$28.4M	0.81%	0.03%	-27.3%	Q3 2024
JPMJPMorgan Chase & Co	$27.3M	0.78%	0.00%	Not reported	Q3 2024
MLMMartin Marietta Materials Inc	$26.4M	0.75%	0.08%	-24.6%	Q4 2023
BKSYBlackSky Technology Inc.	$25.6M	0.73%	3.60%	Not reported	Q4 2022
ORLYO Reilly Automotive Inc	$24.8M	0.71%	0.03%	+8523.1%	Q4 2022
FROGJFrog Ltd	$22.9M	0.65%	0.45%	-22.1%	Q1 2023
WMSAdvanced Drainage Systems, Inc.	$22.6M	0.64%	0.27%	-20.8%	Q1 2024
PDOPIMCO Dynamic Income Opportunities Fund	$22.5M	0.64%	Not reported	+21.6%	Q2 2024
GOOGLAlphabet Inc.	$21.9M	0.63%	0.00%	-58.0%	Q4 2022
COFCapital One Financial Corp	$19.4M	0.55%	0.01%	New	Q2 2025
GOOGAlphabet Inc.	$18.7M	0.53%	Not reported	-70.0%	Q4 2022
BACBank of America Corp	$18.6M	0.53%	0.01%	+1710.9%	Q3 2024
ALNYAlnylam Pharmaceuticals, Inc.	$18.6M	0.53%	0.04%	+174.2%	Q1 2025
WALWestern Alliance Bancorporation	$17.4M	0.50%	0.20%	Not reported	Q2 2023
DELLDell Technologies Inc.	$16.8M	0.48%	0.02%	Not reported	Q2 2023
DALDelta Air Lines, Inc.	$16.6M	0.47%	0.05%	Not reported	Q4 2024
NOCNorthrop Grumman Corp	$16.6M	0.47%	0.02%	-57.2%	Q4 2022
MELIMercadolibre Inc	$15.2M	0.43%	0.01%	New	Q2 2025
ISRGIntuitive Surgical Inc	$14.6M	0.42%	0.01%	-14.7%	Q3 2024
ROSTRoss Stores, Inc.	$13.8M	0.39%	0.03%	-2.5%	Q4 2024
IBKRInteractive Brokers Group, Inc.	$13.8M	0.39%	0.10%	-28.8%	Q2 2023
GRABGrab Holdings Ltd	$13.3M	0.38%	Not reported	-50.0%	Q4 2022
OWLBlue Owl Capital Inc.	$12.5M	0.36%	9.44%	-26.5%	Q1 2025

Premium opens every quarter this fund has filed