Cercano Management LLC
13F Reported Value
ⓘ$1.0B
incl. option notional
Equity Holdings
ⓘ$1.0B
Option Notional
ⓘ$138,672
$70,380 puts / $68,292 calls
Holdings
136
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
Cercano Management LLC disclosed 136 positions worth $1.0B in its Form 13F-HR for Q2 2026 — $1.0B in common stock plus $138,672 of put/call option positions (reported at underlying notional value, not premium at risk), led by $USB (US BANCORP \DE\) at 27.0% of the equity portfolio, followed by $UNP and $IVZ. During the quarter the fund opened 35 new positions and exited 41 — including a new stake in $USB and a full exit from $QXO. The portfolio is most concentrated in Financials (34.8% of disclosed assets). All figures are sourced directly from Cercano Management LLC’s Form 13F-HR filing with the SEC under CIK 1936416.
AI Fund Analysis
ConcentratingSector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
- 65.3#486
Quality
$279.7M1,028,382 sh - 69.7#246
Quality
$279.7M1,028,382 sh - —
Quality
$47.0M221,055 sh - 79.6
Quality
$44.6M79,237 sh - 28.3
Quality
$26.0M932,982 sh - 85.9
Quality
$17.6M87,813 sh SELECT SECTOR SPDR TR - ST STR ENERG ETF
—Quality
$16.6M86,935 sh- —
Quality
$16.1M625,000 sh - 62.5
Quality
$15.1M69,120 sh - —
Quality
$13.4M7,172,985 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 US BANCORP \DE\$USB | 65.3#486 | $279.7M | 1,028,382 |
 UNION PACIFIC CORP$UNP | 69.7#246 | $279.7M | 1,028,382 |
 Invesco Ltd.$IVZ | — | $47.0M | 221,055 |
 Meta Platforms, Inc.$META | 79.6 | $44.6M | 79,237 |
 BlackSky Technology Inc.$BKSY | 28.3 | $26.0M | 932,982 |
 NVIDIA CORP$NVDA | 85.9 | $17.6M | 87,813 |
| SELECT SECTOR SPDR TR - ST STR ENERG ETF | — | $16.6M | 86,935 |
 Denali Therapeutics Inc.$DNLI | — | $16.1M | 625,000 |
 Ventas, Inc.$VTR | 62.5 | $15.1M | 69,120 |
 Nautilus Biotechnology, Inc.$NAUT | — | $13.4M | 7,172,985 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Cercano Management LLC's 136 positions.
Showing top 10 of 136 holdings.
Sector Allocation
Financials
$361.5M
Industrials
$314.8M
Technology
$153.4M
Other
$81.5M
Consumer Discretionary
$38.3M
Healthcare
$32.9M
Materials
$18.5M
Real Estate
$15.1M
Full Holdings — Cercano Management LLC (Q2 2026)
All 136 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $USB | US BANCORP \DE\ | $279.7M | 27.0% | NEW | 65.3 |
| 2 | $UNP | UNION PACIFIC CORP | $279.7M | 27.0% | -2% | 69.7 |
| 3 | $IVZ | Invesco Ltd. | $47.0M | 4.5% | -70% | — |
| 4 | $META | Meta Platforms, Inc. | $44.6M | 4.3% | -47% | 79.6 |
| 5 | $BKSY | BlackSky Technology Inc. | $26.0M | 2.5% | -25% | 28.3 |
| 6 | $NVDA | NVIDIA CORP | $17.6M | 1.7% | -86% | 85.9 |
| 7 | — | SELECT SECTOR SPDR TR - ST STR ENERG ETF | $16.6M | 1.6% | -42% | — |
| 8 | $DNLI | Denali Therapeutics Inc. | $16.1M | 1.6% | +0% | — |
| 9 | $VTR | Ventas, Inc. | $15.1M | 1.4% | +1399% | 62.5 |
| 10 | $NAUT | Nautilus Biotechnology, Inc. | $13.4M | 1.3% | +0% | — |
| 11 |  $AMZN | AMAZON COM INC | $13.3M | 1.3% | -81% | 68.7 |
| 12 |  $PDO | PIMCO Dynamic Income Opportunities Fund | $10.4M | 1.0% | NEW | — |
| 13 |  $AAPL | Apple Inc. | $9.0M | 0.9% | -51% | 76.4 |
| 14 |  $JHX | James Hardie Industries plc | $8.9M | 0.8% | +78% | — |
| 15 | — | ISHARES INC - MSCI STH KOR ETF | $8.7M | 0.8% | -67% | — |
| 16 |  $MDY | SPDR S&P MIDCAP 400 ETF TRUST | $8.3M | 0.8% | NEW | — |
| 17 |  $SHW | SHERWIN WILLIAMS CO | $8.3M | 0.8% | +882% | 61.3 |
| 18 | — | SELECT SECTOR SPDR TR - ST STR CARE ETF | $7.9M | 0.8% | +6% | — |
| 19 |  $MU | MICRON TECHNOLOGY INC | $7.7M | 0.8% | NEW | 86.2 |
| 20 |  $MSFT | MICROSOFT CORP | $7.7M | 0.8% | -99% | 79.8 |
| 21 |  $SPY | SPDR S&P 500 ETF TRUST | $7.2M | 0.7% | -83% | — |
| 22 |  $GOOG | Alphabet Inc. | $6.8M | 0.7% | -79% | 78.2 |
| 23 |  $LRCX | LAM RESEARCH CORP | $6.5M | 0.6% | -79% | 79.4 |
| 24 |  $LLY | ELI LILLY & Co | $6.4M | 0.6% | -96% | 87.5 |
| 25 |  $COF | CAPITAL ONE FINANCIAL CORP | $6.3M | 0.6% | -82% | 62.4 |
| 26 |  $GRAB | Grab Holdings Ltd | $6.0M | 0.6% | +0% | — |
| 27 |  $XPO | XPO, Inc. | $6.0M | 0.6% | -96% | 58.4 |
| 28 |  $V | VISA INC. | $5.6M | 0.5% | -75% | 82.9 |
| 29 |  $VMC | Vulcan Materials CO | $5.6M | 0.5% | NEW | 63.5 |
| 30 |  $INSW | International Seaways, Inc. | $5.6M | 0.5% | +0% | 71.8 |
| 31 | — | ISHARES TR - RUSSELL 2000 ETF | $5.4M | 0.5% | +0% | — |
| 32 | — | ISHARES INC - MSCI MEXICO ETF | $4.8M | 0.5% | -73% | — |
| 33 |  $AVGO | Broadcom Inc. | $4.7M | 0.5% | +0% | 84.5 |
| 34 |  $GOOGL | Alphabet Inc. | $4.6M | 0.5% | -85% | 78.2 |
| 35 |  $SCHW | SCHWAB CHARLES CORP | $4.5M | 0.4% | -93% | 79.4 |
| 36 |  $DASH | DoorDash, Inc. | $4.4M | 0.4% | NEW | 71 |
| 37 |  $EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | $4.4M | 0.4% | +0% | 61.4 |
| 38 | — | ISHARES INC - MSCI BRAZIL ETF | $4.2M | 0.4% | -72% | — |
| 39 |  $JAZZ | Jazz Pharmaceuticals plc | $4.2M | 0.4% | NEW | — |
| 40 |  $IBIT | iShares Bitcoin Trust ETF | $3.9M | 0.4% | +0% | — |
| 41 |  $TMUS | T-Mobile US, Inc. | $3.4M | 0.3% | NEW | 69.1 |
| 42 | — | PIMCO ETF TR - INTER MUN BD ACT | $3.0M | 0.3% | +0% | — |
| 43 |  $BAC | BANK OF AMERICA CORP /DE/ | $2.7M | 0.3% | -68% | 67.6 |
| 44 |  $PWR | QUANTA SERVICES, INC. | $2.7M | 0.3% | -89% | 72.1 |
| 45 |  $JPM | JPMORGAN CHASE & CO | $2.6M | 0.3% | -72% | 70.7 |
| 46 | — | SPDR SERIES TRUST - ST STR SP BIOT | $2.6M | 0.3% | NEW | — |
| 47 |  $COST | COSTCO WHOLESALE CORP /NEW | $2.3M | 0.2% | -77% | 66.2 |
| 48 |  $CAT | CATERPILLAR INC | $2.3M | 0.2% | +0% | 66.5 |
| 49 | — | ISHARES TR - MSCI INDIA ETF | $2.3M | 0.2% | +0% | — |
| 50 |  $WMT | Walmart Inc. | $2.3M | 0.2% | -66% | 60.2 |
| 51 |  $WEC | WEC ENERGY GROUP, INC. | $2.3M | 0.2% | NEW | 60.1 |
| 52 |  $AMAT | APPLIED MATERIALS INC /DE | $2.1M | 0.2% | +0% | 72.3 |
| 53 |  $HD | HOME DEPOT, INC. | $2.1M | 0.2% | -75% | 60.3 |
| 54 |  $LIN | LINDE PLC | $2.0M | 0.2% | -89% | — |
| 55 |  $MS | MORGAN STANLEY | $1.9M | 0.2% | -79% | 75.8 |
| 56 |  $URI | UNITED RENTALS, INC. | $1.9M | 0.2% | -77% | 63.9 |
| 57 |  $RDDT | Reddit, Inc. | $1.8M | 0.2% | NEW | 79.8 |
| 58 |  $HAFN | Hafnia Ltd | $1.7M | 0.2% | +0% | — |
| 59 |  $CEG | Constellation Energy Corp | $1.7M | 0.2% | -93% | 59.4 |
| 60 |  $WMB | WILLIAMS COMPANIES, INC. | $1.6M | 0.1% | +0% | 64.3 |
| 61 |  $WLK | WESTLAKE CORP | $1.6M | 0.1% | +987% | 32.3 |
| 62 |  $PSX | Phillips 66 | $1.6M | 0.1% | +0% | 57.8 |
| 63 |  $ASML | ASML HOLDING NV | $1.4M | 0.1% | NEW | — |
| 64 |  $GLD | SPDR GOLD TRUST | $1.4M | 0.1% | NEW | — |
| 65 |  $MA | Mastercard Inc | $1.3M | 0.1% | +0% | 85.1 |
| 66 |  $DHR | DANAHER CORP /DE/ | $1.3M | 0.1% | -80% | 64.8 |
| 67 |  $SBUX | STARBUCKS CORP | $1.3M | 0.1% | +2552% | 58.2 |
| 68 |  $TRGP | Targa Resources Corp. | $1.3M | 0.1% | NEW | 63.3 |
| 69 |  $CG | Carlyle Group Inc. | $1.2M | 0.1% | NEW | 59.8 |
| 70 |  $ETN | Eaton Corp plc | $1.1M | 0.1% | +0% | — |
| 71 |  $RGEN | REPLIGEN CORP | $1.1M | 0.1% | NEW | 58.4 |
| 72 |  $TSLA | Tesla, Inc. | $1.1M | 0.1% | +17% | 53.9 |
| 73 |  $MRK | Merck & Co., Inc. | $919,546 | 0.1% | +0% | 59.9 |
| 74 |  $CINF | CINCINNATI FINANCIAL CORP | $906,445 | 0.1% | -82% | 84.3 |
| 75 |  $LITE | Lumentum Holdings Inc. | $837,467 | 0.1% | NEW | 44.3 |
| 76 |  $TT | Trane Technologies plc | $745,090 | 0.1% | +0% | — |
| 77 |  $ISRG | INTUITIVE SURGICAL INC | $743,661 | 0.1% | +201% | 79.9 |
| 78 |  $NFLX | NETFLIX INC | $737,562 | 0.1% | -98% | 78.8 |
| 79 |  $BRK.B | BERKSHIRE HATHAWAY INC | $685,034 | 0.1% | -39% | 73.8 |
| 80 |  $INTC | INTEL CORP | $649,000 | 0.1% | +0% | 45.6 |
| 81 |  $FANG | Diamondback Energy, Inc. | $626,831 | 0.1% | +0% | 76.1 |
| 82 |  $PG | PROCTER & GAMBLE Co | $626,446 | 0.1% | +0% | 64.6 |
| 83 |  $VTRS | Viatris Inc | $613,102 | 0.1% | NEW | 45.4 |
| 84 |  $AMD | ADVANCED MICRO DEVICES INC | $550,703 | 0.1% | NEW | 79.8 |
| 85 |  $JNJ | JOHNSON & JOHNSON | $488,892 | 0.1% | +0% | 69 |
| 86 |  $NEM | NEWMONT Corp /DE/ | $478,021 | 0.1% | +0% | 86.8 |
| 87 |  $ITW | ILLINOIS TOOL WORKS INC | $451,685 | 0.0% | +0% | 63.6 |
| 88 |  $ABBV | AbbVie Inc. | $450,184 | 0.0% | +0% | 72.6 |
| 89 |  $IRWD | IRONWOOD PHARMACEUTICALS INC | $426,801 | 0.0% | +0% | 60.8 |
| 90 |  $NEE | NEXTERA ENERGY INC | $423,402 | 0.0% | +0% | 64.6 |
| 91 |  $VLO | VALERO ENERGY CORP/TX | $409,368 | 0.0% | NEW | 57.8 |
| 92 |  $WAT | WATERS CORP /DE/ | $394,020 | 0.0% | NEW | 60.4 |
| 93 |  $VSNT | Versant Media Group, Inc. | $387,449 | 0.0% | NEW | 61 |
| 94 |  $HCA | HCA Healthcare, Inc. | $378,193 | 0.0% | +0% | 68.9 |
| 95 |  $SPGI | S&P Global Inc. | $358,389 | 0.0% | -98% | 76.1 |
| 96 |  $DELL | Dell Technologies Inc. | $348,620 | 0.0% | -97% | 71.2 |
| 97 |  $TOST | Toast, Inc. | $347,128 | 0.0% | NEW | 69.5 |
| 98 |  $EQT | EQT Corp | $346,562 | 0.0% | +0% | 83.7 |
| 99 |  $NSC | NORFOLK SOUTHERN CORP | $336,297 | 0.0% | +0% | 63.2 |
| 100 |  $NRG | NRG ENERGY, INC. | $335,208 | 0.0% | +0% | 51.9 |
| 101 |  $PM | Philip Morris International Inc. | $334,141 | 0.0% | +0% | 75.9 |
| 102 |  $KKR | KKR & Co. Inc. | $326,737 | 0.0% | +0% | 54.3 |
| 103 |  $XOM.R34088 | EXXON MOBIL CORP | $311,722 | 0.0% | -52% | 57.9 |
| 104 |  $LUV | SOUTHWEST AIRLINES CO | $304,526 | 0.0% | NEW | 55.9 |
| 105 |  $MCO | MOODYS CORP /DE/ | $303,456 | 0.0% | -99% | 79.1 |
| 106 |  $PLTR | Palantir Technologies Inc. | $296,575 | 0.0% | +0% | 84.6 |
| 107 |  $ORLY | O REILLY AUTOMOTIVE INC | $294,228 | 0.0% | +0% | 67.4 |
| 108 |  $ADBE | ADOBE INC. | $289,488 | 0.0% | +0% | 77.6 |
| 109 |  $GE | GENERAL ELECTRIC CO | $287,398 | 0.0% | +0% | 73.8 |
| 110 |  $GNRC | GENERAC HOLDINGS INC. | $275,827 | 0.0% | NEW | 54.4 |
| 111 |  $HAL | HALLIBURTON CO | $273,773 | 0.0% | +0% | 53.2 |
| 112 |  $CMI | CUMMINS INC | $272,446 | 0.0% | +0% | 58.1 |
| 113 |  $APO | Apollo Global Management, Inc. | $267,262 | 0.0% | -98% | 52.1 |
| 114 |  $TXN | TEXAS INSTRUMENTS INC | $266,222 | 0.0% | -85% | 73.4 |
| 115 |  $ALL | ALLSTATE CORP | $266,017 | 0.0% | +0% | 78.5 |
| 116 |  $OKE | ONEOK INC /NEW/ | $257,082 | 0.0% | +0% | 71.7 |
| 117 |  $SYY | SYSCO CORP | $251,490 | 0.0% | NEW | 54.7 |
| 118 |  $MCD | MCDONALDS CORP | $250,577 | 0.0% | -94% | 69 |
| 119 |  $LMT | LOCKHEED MARTIN CORP | $247,598 | 0.0% | +0% | 65.6 |
| 120 |  $PFH | PRUDENTIAL FINANCIAL INC | $237,014 | 0.0% | +0% | 58.7 |
| 121 |  $ABT | ABBOTT LABORATORIES | $236,559 | 0.0% | +0% | 65.5 |
| 122 |  $BSX | BOSTON SCIENTIFIC CORP | $235,466 | 0.0% | +0% | 77.5 |
| 123 |  $SYK | STRYKER CORP | $233,467 | 0.0% | NEW | 72.1 |
| 124 |  $AMGN | AMGEN INC | $224,514 | 0.0% | +0% | 79.2 |
| 125 |  $CVS | CVS HEALTH Corp | $222,935 | 0.0% | NEW | 59.4 |
| 126 |  $NOC | NORTHROP GRUMMAN CORP /DE/ | $222,568 | 0.0% | +0% | 62.9 |
| 127 |  $A | AGILENT TECHNOLOGIES, INC. | $221,295 | 0.0% | NEW | 67.1 |
| 128 |  $CSCO | CISCO SYSTEMS, INC. | $216,126 | 0.0% | NEW | 70.3 |
| 129 |  $HON | HONEYWELL INTERNATIONAL INC | $212,705 | 0.0% | -50% | 65 |
| 130 |  $HONA | Honeywell Aerospace Inc. | $210,026 | 0.0% | NEW | — |
| 131 |  $T | AT&T INC. | $207,662 | 0.0% | +0% | 65.7 |
| 132 |  $MO | ALTRIA GROUP, INC. | $207,648 | 0.0% | NEW | 67.4 |
| 133 |  $LOW | LOWES COMPANIES INC | $200,646 | 0.0% | +0% | 60.8 |
| 134 | $SPYCALL | SPDR S&P 500 ETF TRUST | $68,292 | — | NEW | — |
| 135 | $PWRPUT | QUANTA SERVICES, INC. | $61,380 | — | NEW | 72.1 |
| 136 | $RDDTPUT | Reddit, Inc. | $9,000 | — | NEW | 79.8 |
New Positions (35)
$USB US BANCORP \DE\$279.7M$PDO PIMCO Dynamic Income Opportunities Fund$10.4M$MDY SPDR S&P MIDCAP 400 ETF TRUST$8.3M$MU MICRON TECHNOLOGY INC$7.7M$VMC Vulcan Materials CO$5.6M$DASH DoorDash, Inc.$4.4M$JAZZ Jazz Pharmaceuticals plc$4.2M$TMUS T-Mobile US, Inc.$3.4M$WEC WEC ENERGY GROUP, INC.$2.3M$RDDT Reddit, Inc.$1.8M$ASML ASML HOLDING NV$1.4M$GLD SPDR GOLD TRUST$1.4M$TRGP Targa Resources Corp.$1.3M$CG Carlyle Group Inc.$1.2MExited Positions (41)
$QXO QXO, Inc.
$BLDR Builders FirstSource, Inc.
$GEV GE Vernova Inc.
$QQQ INVESCO QQQ TRUST, SERIES 1
$UNH UNITEDHEALTH GROUP INC
$IAU ISHARES GOLD TRUST
$BA BOEING CO
$TIC TIC Solutions, Inc.Browse Top Institutional Investors
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