Cercano Management LLC 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Cercano Management LLC disclosed 148 US equity positions worth $3.4bn in its Q1 2025 13F filing. The largest position was MSFT at 10.5% of the reported book, followed by UNP and XPO. Against the Q4 2024 filing, it opened 9 new positions, added to 13 and reduced 14 among the top 50 holdings.
What did Cercano Management LLC own in Q1 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | MSFT MICROSOFT CORP | Technology | 10.5% | $358.2m | 954,335 | -13% | reduced |
| 2 | UNP UNION PAC CORP | Industrials | 7.4% | $252.7m | 1,069,783 | 0% | held |
| 3 | XPO XPO INC | Industrials | 6.8% | $232.4m | 2,159,973 | -6% | reduced |
| 4 | RSP INVESCO EXCHANGE TRADED FD T | 4.1% | $138.7m | 800,864 | -45% | reduced | |
| 5 | META META PLATFORMS INC | Communication Services | 3.9% | $132.2m | 229,413 | 0% | held |
| 6 | XLV SELECT SECTOR SPDR TR | 3.8% | $130.3m | 892,458 | 53% | added | |
| 7 | 07WA MR COOPER GROUP INC | 3.0% | $102.3m | 855,308 | 8% | added | |
| 8 | NVDA NVIDIA CORPORATION | Technology | 2.9% | $97.4m | 899,052 | 35% | added |
| 9 | V VISA INC | Financial Services | 2.7% | $91.0m | 259,580 | 0% | held |
| 10 | AMZN AMAZON COM INC | Consumer Cyclical | 2.7% | $90.7m | 476,494 | -32% | reduced |
| 11 | SCHW SCHWAB CHARLES CORP | Financial Services | 2.6% | $88.9m | 1,135,480 | 0% | held |
| 12 | QXO QXO INC | Industrials | 2.6% | $88.9m | 6,564,550 | 0% | held |
| 13 | MCO MOODYS CORP | Financial Services | 2.3% | $79.2m | 170,169 | -14% | reduced |
| 14 | SPY SPDR S&P 500 ETF TR | 2.3% | $78.9m | 141,074 | -5% | reduced | |
| 15 | UNH UNITEDHEALTH GROUP INC | Healthcare | 2.3% | $78.1m | 149,044 | 7% | added |
| 16 | NVEEUSD NV5 GLOBAL INC | 2.2% | $75.6m | 3,925,599 | 0% | held | |
| 17 | SPGI S&P GLOBAL INC | Financial Services | 1.9% | $64.7m | 127,294 | 0% | held |
| 18 | UBER UBER TECHNOLOGIES INC | Technology | 1.8% | $62.6m | 859,813 | 0% | held |
| 19 | AAPL APPLE INC | Technology | 1.8% | $61.3m | 275,799 | 40% | added |
| 20 | GOOG ALPHABET INC | Communication Services | 1.6% | $54.7m | 350,272 | -14% | reduced |
| 21 | APD AIR PRODS & CHEMS INC | Basic Materials | 1.6% | $54.6m | 185,296 | – | new |
| 22 | GOOGL ALPHABET INC | Communication Services | 1.3% | $45.8m | 296,063 | 12% | added |
| 23 | SBUX STARBUCKS CORP | Consumer Cyclical | 1.2% | $41.8m | 425,653 | 43% | added |
| 24 | APO APOLLO GLOBAL MGMT INC | Financial Services | 1.2% | $40.8m | 297,985 | 0% | held |
| 25 | TDG TRANSDIGM GROUP INC | Industrials | 1.2% | $40.7m | 29,419 | -4% | reduced |
| 26 | NOC NORTHROP GRUMMAN CORP | Industrials | 1.2% | $39.6m | 77,395 | 17611% | added |
| 27 | PANW PALO ALTO NETWORKS INC | Technology | 1.1% | $36.4m | 213,579 | 1012% | added |
| 28 | PWR QUANTA SVCS INC | Industrials | 1.0% | $35.6m | 140,119 | – | new |
| 29 | HYMB SPDR SER TR | 1.0% | $35.0m | 1,387,825 | 235% | added | |
| 30 | XLP SELECT SECTOR SPDR TR | 0.9% | $32.1m | 393,388 | – | new | |
| 31 | MLM MARTIN MARIETTA MATLS INC | Basic Materials | 0.9% | $30.4m | 63,669 | 0% | held |
| 32 | GLD SPDR GOLD TR | 0.9% | $29.4m | 102,005 | -21% | reduced | |
| 33 | XLU SELECT SECTOR SPDR TR | 0.8% | $27.0m | 342,407 | 0% | held | |
| 34 | WMS ADVANCED DRAIN SYS INC DEL | Industrials | 0.8% | $27.0m | 248,372 | -4% | reduced |
| 35 | HYLB DBX ETF TR | 0.7% | $25.5m | 706,147 | -54% | reduced | |
| 36 | MRSH MARSH & MCLENNAN COS INC | Financial Services | 0.7% | $24.2m | 99,304 | – | new |
| 37 | GRAB HOLDINGS LIMITED | 0.7% | $23.9m | 5,286,833 | 0% | held | |
| 38 | PGR PROGRESSIVE CORP | Financial Services | 0.6% | $21.6m | 76,175 | -43% | reduced |
| 39 | FROG JFROG LTD | Technology | 0.6% | $21.4m | 669,682 | -17% | reduced |
| 40 | KR KROGER CO | Consumer Defensive | 0.6% | $20.8m | 307,616 | – | new |
| 41 | NKE NIKE INC | Consumer Cyclical | 0.6% | $20.8m | 327,194 | – | new |
| 42 | FCN FTI CONSULTING INC | Industrials | 0.6% | $19.6m | 119,739 | – | new |
| 43 | PIMCO DYNAMIC INCOME OPRNTS | 0.6% | $19.0m | 1,370,793 | 181% | added | |
| 44 | DDOG DATADOG INC | Technology | 0.5% | $18.7m | 188,470 | 2% | added |
| 45 | OWL BLUE OWL CAPITAL INC | Financial Services | 0.5% | $17.7m | 883,285 | – | new |
| 46 | ISRG INTUITIVE SURGICAL INC | Healthcare | 0.5% | $15.6m | 31,463 | 4967% | added |
| 47 | AGG ISHARES TR | 0.4% | $15.0m | 151,570 | 0% | held | |
| 48 | SHM SPDR SER TR | 0.4% | $15.0m | 314,202 | – | new | |
| 49 | XLE SELECT SECTOR SPDR TR | 0.4% | $14.9m | 159,810 | 0% | held | |
| 50 | ARQT ARCUTIS BIOTHERAPEUTICS INC | Healthcare | 0.4% | $14.5m | 928,701 | -26% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.