Cercano Management LLC: 13F holdings, Q2 2026
Hedge fund · SEC EDGAR filings (CIK 1936416) · Explore on the interactive board
Cercano Management LLC disclosed 131 US equity positions worth $749.9m in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 14, 2026). Its largest position is UNP at 37.3% of the reported book, followed by RSP, META. The top ten holdings are 65.3% of the book, and the portfolio behaves like about 7 equal-weight positions. Versus the prior filing it opened 22 new positions, added to 2, reduced 44 and exited 25. Note: this manager's most recent filing is 3934 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does Cercano Management LLC own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 22 new, 2 added, 44 reduced, 25 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | UNP UNION PAC CORP | Industrials | 37.3% | $279.7m | 1,028,382 | -2% | reduced |
| 2 | RSP INVESCO EXCHANGE TRADED FD T | 6.3% | $47.0m | 221,055 | -70% | reduced | |
| 3 | META META PLATFORMS INC | Communication Services | 6.0% | $44.6m | 79,237 | -47% | reduced |
| 4 | BKSY BLACKSKY TECHNOLOGY INC | 3.5% | $26.0m | 932,982 | -25% | reduced | |
| 5 | NVDA NVIDIA CORPORATION | Technology | 2.3% | $17.6m | 87,813 | -86% | reduced |
| 6 | XLK SELECT SECTOR SPDR TR | 2.2% | $16.6m | 86,935 | -46% | reduced | |
| 7 | DNLI DENALI THERAPEUTICS INC | Healthcare | 2.1% | $16.1m | 625,000 | 0% | held |
| 8 | VTV VANGUARD INDEX FDS | 2.0% | $15.1m | 69,120 | 0% | held | |
| 9 | NAUT NAUTILUS BIOTECHNOLOGY INC | 1.8% | $13.4m | 7,172,985 | 0% | held | |
| 10 | AMZN AMAZON COM INC | Consumer Cyclical | 1.8% | $13.3m | 55,622 | -81% | reduced |
| 11 | PIMCO DYNAMIC INCOME OPRNTS | 1.4% | $10.4m | 783,312 | – | new | |
| 12 | AAPL APPLE INC | Technology | 1.2% | $9.0m | 31,112 | -51% | reduced |
| 13 | JHX JAMES HARDIE INDS PLC | Basic Materials | 1.2% | $8.9m | 338,568 | 78% | added |
| 14 | EWY ISHARES INC | 1.2% | $8.7m | 43,201 | -67% | reduced | |
| 15 | SPYD SPDR SERIES TRUST | 1.1% | $8.3m | 174,939 | -20% | reduced | |
| 16 | QXO QXO INC | Industrials | 1.1% | $8.3m | 482,875 | -90% | reduced |
| 17 | XLE SELECT SECTOR SPDR TR | 1.1% | $7.9m | 148,672 | 0% | held | |
| 18 | MU MICRON TECHNOLOGY INC | Technology | 1.0% | $7.7m | 6,704 | – | new |
| 19 | SPY STATE STR SPDR S&P 500 ETF T | 1.0% | $7.2m | 9,660 | -83% | reduced | |
| 20 | MSFT MICROSOFT CORP | Technology | 1.0% | $7.1m | 19,163 | -97% | reduced |
| 21 | GOOGL ALPHABET INC | Communication Services | 0.9% | $6.8m | 18,993 | -79% | reduced |
| 22 | LRCX LAM RESEARCH CORP | Technology | 0.9% | $6.5m | 15,110 | -79% | reduced |
| 23 | LLY ELI LILLY & CO | Healthcare | 0.9% | $6.4m | 5,353 | -96% | reduced |
| 24 | COF CAPITAL ONE FINL CORP | Financial Services | 0.8% | $6.3m | 31,409 | -82% | reduced |
| 25 | GRAB HOLDINGS LIMITED | 0.8% | $6.0m | 1,600,000 | 0% | held | |
| 26 | XPO XPO INC | Industrials | 0.8% | $6.0m | 29,081 | -96% | reduced |
| 27 | VMC VULCAN MATLS CO | Basic Materials | 0.7% | $5.6m | 18,998 | – | new |
| 28 | INSW INTERNATIONAL SEAWAYS INC | Energy | 0.7% | $5.6m | 73,147 | 0% | held |
| 29 | IWM ISHARES TR | 0.7% | $5.4m | 18,137 | 0% | held | |
| 30 | EWW ISHARES INC | 0.6% | $4.8m | 63,900 | -73% | reduced | |
| 31 | AVGO BROADCOM INC | Technology | 0.6% | $4.7m | 12,325 | 0% | held |
| 32 | GOOG ALPHABET INC | Communication Services | 0.6% | $4.6m | 13,160 | -85% | reduced |
| 33 | XLV SELECT SECTOR SPDR TR | 0.6% | $4.5m | 28,280 | -80% | reduced | |
| 34 | DASH DOORDASH INC | Consumer Cyclical | 0.6% | $4.4m | 23,927 | – | new |
| 35 | EPD ENTERPRISE PRODS PARTNERS L | Energy | 0.6% | $4.4m | 120,021 | 0% | held |
| 36 | EWZ ISHARES INC | 0.6% | $4.2m | 121,776 | -72% | reduced | |
| 37 | JAZZ JAZZ PHARMACEUTICALS PLC | Healthcare | 0.6% | $4.2m | 17,331 | – | new |
| 38 | IBIT ISHARES BITCOIN TRUST ETF | 0.5% | $3.9m | 117,140 | 0% | held | |
| 39 | TRTX TPG RE FIN TR INC | Real Estate | 0.4% | $3.4m | 401,607 | 0% | held |
| 40 | MUNI PIMCO ETF TR | 0.4% | $3.0m | 57,919 | 0% | held | |
| 41 | BAC BANK OF AMER CORP | Financial Services | 0.4% | $2.7m | 47,170 | -68% | reduced |
| 42 | PWR QUANTA SVCS INC | Industrials | 0.4% | $2.7m | 3,690 | -89% | reduced |
| 43 | JPM JPMORGAN CHASE & CO | Financial Services | 0.4% | $2.6m | 8,022 | -72% | reduced |
| 44 | MDY STATE STR SPDR S&P MIDCAP 40 | 0.3% | $2.6m | 3,636 | – | new | |
| 45 | COST COSTCO WHOLESALE CORPORATION | Consumer Defensive | 0.3% | $2.3m | 2,490 | -77% | reduced |
| 46 | CAT CATERPILLAR INC | Industrials | 0.3% | $2.3m | 2,180 | 0% | held |
| 47 | INDA ISHARES TR | 0.3% | $2.3m | 46,470 | 0% | held | |
| 48 | WMT WALMART INC | Consumer Defensive | 0.3% | $2.3m | 20,219 | -66% | reduced |
| 49 | AMAT APPLIED MATLS INC | Technology | 0.3% | $2.1m | 2,896 | 0% | held |
| 50 | HD HOME DEPOT INC | Consumer Cyclical | 0.3% | $2.1m | 5,826 | -75% | reduced |
What did Cercano Management LLC sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| SCHW SCHWAB CHARLES CORP | 10.5% | $36.7m |
| HYMB SPDR SERIES TRUST | 9.9% | $34.4m |
| BLDR BUILDERS FIRSTSOURCE INC | 9.1% | $31.8m |
| GEV GE VERNOVA INC | 8.3% | $29.0m |
| QQQ INVESCO QQQ TR | 8.1% | $28.1m |
| SPEM SPDR INDEX SHS FDS | 7.4% | $25.7m |
| IAU ISHARES GOLD TR | 6.4% | $22.4m |
| BA BOEING CO | 6.2% | $21.5m |
| TIC TIC SOLUTIONS INC | 5.5% | $19.1m |
| SHW SHERWIN WILLIAMS CO | 4.5% | $15.8m |
| FRANKLIN TEMPLETON ETF TR | 3.0% | $10.5m |
| SHM SPDR SERIES TRUST | 2.8% | $9.9m |
| AGG ISHARES TR | 2.8% | $9.8m |
| VNQ VANGUARD INDEX FDS | 2.7% | $9.4m |
| LPX LOUISIANA PAC CORP | 2.4% | $8.3m |
| COPX GLOBAL X FDS | 2.3% | $8.0m |
| WMS ADVANCED DRAIN SYS INC DEL | 2.0% | $6.9m |
| FLJP FRANKLIN TEMPLETON ETF TR | 1.5% | $5.3m |
| MLM MARTIN MARIETTA MATLS INC | 1.4% | $4.9m |
| SPYM SPDR SERIES TRUST | 1.0% | $3.5m |
| VOO VANGUARD INDEX FDS | 0.7% | $2.4m |
| CAPITAL GROUP INTERNATIONAL | 0.3% | $1.1m |
| SPTI SPDR SERIES TRUST | 0.3% | $1.0m |
| XLC SELECT SECTOR SPDR TR | 0.1% | $473.0k |
| HONGBP HONEYWELL INTL INC | 0.1% | $429.5k |
Sector mix
| Sector | Weight |
|---|---|
| Industrials | 40.7% |
| Technology | 8.1% |
| Communication Services | 7.8% |
| Healthcare | 4.7% |
| Consumer Cyclical | 3.0% |
| Financial Services | 2.6% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is Cercano Management LLC's portfolio?
Across every quarter Cercano Management LLC has filed, its median largest position is 24.2% of the book and its median top-ten weight is 60.8%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 30.0 completed holding spells, the median lasted 1.0 quarters; 131.0 positions are still open and their final length is unknown.