Cercano Management LLC
13F Reported Value
ⓘ$2.3B
incl. option notional
Equity Holdings
ⓘ$2.3B
Option Notional
ⓘ$813,023
$0 puts / $813,023 calls
Holdings
142
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
Cercano Management LLC disclosed 142 positions worth $2.3B in its Form 13F-HR for Q1 2026 — $2.3B in common stock plus $813,023 of put/call option positions (reported at underlying notional value, not premium at risk), led by $UNP (UNION PACIFIC CORP) at 11.0% of the equity portfolio, followed by $MSFT and $XPO. During the quarter the fund opened 11 new positions and exited 16 — including a new stake in $CINF and a full exit from $PANW. The portfolio is most concentrated in Technology (25.6% 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
DiversifyingSector 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 — Q1 2026
Click any card to unlockTop Holdings
- 74.0#170
Quality
$255.0M1,050,823 sh - 83.7#15
Quality
$225.2M608,325 sh - 55.3#1,167
Quality
$147.2M756,536 sh - —
Quality
$142.3M741,425 sh - 89.3
Quality
$126.4M137,377 sh - 90.2
Quality
$108.8M623,668 sh - 53.5
Quality
$93.5M4,813,158 sh - 80.9
Quality
$86.1M150,454 sh - 74.6
Quality
$60.0M288,193 sh - 86.7
Quality
$59.5M618,427 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 UNION PACIFIC CORP$UNP | 74.0#170 | $255.0M | 1,050,823 |
 MICROSOFT CORP$MSFT | 83.7#15 | $225.2M | 608,325 |
 XPO, Inc.$XPO | 55.3#1,167 | $147.2M | 756,536 |
 Invesco Ltd.$IVZ | — | $142.3M | 741,425 |
 ELI LILLY & Co$LLY | 89.3 | $126.4M | 137,377 |
 NVIDIA CORP$NVDA | 90.2 | $108.8M | 623,668 |
 QXO, Inc.$QXO | 53.5 | $93.5M | 4,813,158 |
 Meta Platforms, Inc.$META | 80.9 | $86.1M | 150,454 |
 AMAZON COM INC$AMZN | 74.6 | $60.0M | 288,193 |
 NETFLIX INC$NFLX | 86.7 | $59.5M | 618,427 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Cercano Management LLC's 142 positions.
Showing top 10 of 142 holdings.
Sector Allocation
Technology
$593.6M
Consumer Discretionary
$381.5M
Industrials
$359.1M
Financials
$355.0M
Other
$321.4M
Healthcare
$167.0M
Communication Services
$60.0M
Materials
$34.3M
Full Holdings — Cercano Management LLC (Q1 2026)
All 142 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 | $UNP | UNION PACIFIC CORP | $255.0M | 11.0% | -7% | 74 |
| 2 | $MSFT | MICROSOFT CORP | $225.2M | 9.7% | +12% | 83.7 |
| 3 | $XPO | XPO, Inc. | $147.2M | 6.4% | -61% | 55.3 |
| 4 | $IVZ | Invesco Ltd. | $142.3M | 6.2% | +39% | — |
| 5 | $LLY | ELI LILLY & Co | $126.4M | 5.5% | -4% | 89.3 |
| 6 | $NVDA | NVIDIA CORP | $108.8M | 4.7% | -0% | 90.2 |
| 7 | $QXO | QXO, Inc. | $93.5M | 4.0% | -55% | 53.5 |
| 8 | $META | Meta Platforms, Inc. | $86.1M | 3.7% | -0% | 80.9 |
| 9 | $AMZN | AMAZON COM INC | $60.0M | 2.6% | +15% | 74.6 |
| 10 | $NFLX | NETFLIX INC | $59.5M | 2.6% | +5887% | 86.7 |
| 11 |  $SCHW | SCHWAB CHARLES CORP | $36.7M | 1.6% | +0% | 77.2 |
| 12 |  $SPY | SPDR S&P 500 ETF TRUST | $36.3M | 1.6% | +0% | — |
| 13 | — | SPDR SERIES TRUST | $34.4M | 1.5% | +0% | — |
| 14 |  $BLDR | Builders FirstSource, Inc. | $31.8M | 1.4% | +655% | 48.4 |
| 15 |  $COF | CAPITAL ONE FINANCIAL CORP | $31.7M | 1.4% | +84% | 71 |
| 16 |  $BKSY | BlackSky Technology Inc. | $31.3M | 1.4% | +0% | 15.7 |
| 17 |  $GEV | GE Vernova Inc. | $29.0M | 1.3% | +0% | 70.1 |
| 18 |  $QQQ | INVESCO QQQ TRUST, SERIES 1 | $28.1M | 1.2% | +0% | — |
| 19 |  $NAUT | Nautilus Biotechnology, Inc. | $27.8M | 1.2% | +0% | — |
| 20 |  $CEG | Constellation Energy Corp | $26.0M | 1.1% | -8% | 62.5 |
| 21 | — | SPDR INDEX SHS FDS | $25.7M | 1.1% | -15% | — |
| 22 |  $GOOG | Alphabet Inc. | $25.6M | 1.1% | -1% | 80.2 |
| 23 |  $GOOGL | Alphabet Inc. | $25.2M | 1.1% | +40% | 80.2 |
| 24 |  $MCO | MOODYS CORP /DE/ | $25.0M | 1.1% | +0% | 81.3 |
| 25 |  $UNH | UNITEDHEALTH GROUP INC | $24.6M | 1.1% | +0% | 66.8 |
| 26 |  $V | VISA INC. | $23.4M | 1.0% | +1% | 83.5 |
| 27 |  $IAU | ISHARES GOLD TRUST | $22.4M | 1.0% | -49% | — |
| 28 |  $SPGI | S&P Global Inc. | $22.1M | 1.0% | +0% | 79.4 |
| 29 | — | SELECT SECTOR SPDR TR | $21.5M | 0.9% | +65% | — |
| 30 |  $BA | BOEING CO | $21.5M | 0.9% | +19% | 51.8 |
| 31 | — | SELECT SECTOR SPDR TR | $20.7M | 0.9% | +173% | — |
| 32 |  $TIC | TIC Solutions, Inc. | $19.1M | 0.8% | +0% | 45.7 |
| 33 |  $LIN | LINDE PLC | $18.1M | 0.8% | -1% | — |
| 34 | — | ISHARES INC | $18.0M | 0.8% | +0% | — |
| 35 |  $PWR | QUANTA SERVICES, INC. | $17.9M | 0.8% | -1% | 62.6 |
| 36 | — | ISHARES INC | $16.7M | 0.7% | -11% | — |
| 37 |  $APO | Apollo Global Management, Inc. | $16.4M | 0.7% | +0% | 55.7 |
| 38 | — | ISHARES INC | $16.3M | 0.7% | +0% | — |
| 39 |  $AAPL | Apple Inc. | $16.2M | 0.7% | -1% | 76.1 |
| 40 |  $SHW | SHERWIN WILLIAMS CO | $15.8M | 0.7% | -25% | 65.3 |
| 41 |  $LRCX | LAM RESEARCH CORP | $15.3M | 0.7% | -1% | 82.4 |
| 42 | — | VANGUARD INDEX FDS | $13.6M | 0.6% | +0% | — |
| 43 |  $DNLI | Denali Therapeutics Inc. | $12.0M | 0.5% | +0% | — |
| 44 |  $COST | COSTCO WHOLESALE CORP /NEW | $10.6M | 0.5% | -38% | 67 |
| 45 | — | FRANKLIN TEMPLETON ETF TR | $10.5M | 0.5% | +0% | — |
| 46 | — | SPDR SERIES TRUST | $9.9M | 0.4% | +0% | — |
| 47 | — | SPDR SERIES TRUST | $9.9M | 0.4% | -34% | — |
| 48 | — | ISHARES TR | $9.8M | 0.4% | -35% | — |
| 49 | — | VANGUARD INDEX FDS | $9.4M | 0.4% | +2595% | — |
| 50 | — | SELECT SECTOR SPDR TR | $9.1M | 0.4% | +0% | — |
| 51 |  $JPM | JPMORGAN CHASE & CO | $8.3M | 0.4% | -42% | 35.6 |
| 52 |  $LPX | LOUISIANA-PACIFIC CORP | $8.3M | 0.4% | -1% | 50.7 |
| 53 | — | GLOBAL X FDS | $8.0M | 0.3% | -3% | — |
| 54 |  $HD | HOME DEPOT, INC. | $7.7M | 0.3% | -2% | 69.2 |
| 55 |  $WMT | Walmart Inc. | $7.4M | 0.3% | -15% | 63.2 |
| 56 |  $BAC | BANK OF AMERICA CORP /DE/ | $7.3M | 0.3% | -32% | 68.4 |
| 57 |  $MS | MORGAN STANLEY | $7.2M | 0.3% | +1456% | — |
| 58 |  $WMS | ADVANCED DRAINAGE SYSTEMS, INC. | $6.9M | 0.3% | -50% | 58 |
| 59 |  $DHR | DANAHER CORP /DE/ | $6.4M | 0.3% | -40% | 63.9 |
| 60 |  $GRAB | Grab Holdings Ltd | $5.9M | 0.3% | +0% | — |
| 61 |  $INSW | International Seaways, Inc. | $5.3M | 0.2% | -14% | 64.9 |
| 62 | — | FRANKLIN TEMPLETON ETF TR | $5.3M | 0.2% | -63% | — |
| 63 |  $URI | UNITED RENTALS, INC. | $5.3M | 0.2% | -2% | 70.7 |
| 64 |  $MLM | MARTIN MARIETTA MATERIALS INC | $4.9M | 0.2% | -51% | 67.6 |
| 65 |  $MCD | MCDONALDS CORP | $4.6M | 0.2% | +1481% | 73.9 |
| 66 |  $EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | $4.5M | 0.2% | +0% | 66.4 |
| 67 |  $IBIT | iShares Bitcoin Trust ETF | $4.5M | 0.2% | +0% | — |
| 68 | — | ISHARES TR | $4.5M | 0.2% | +0% | — |
| 69 |  $CINF | CINCINNATI FINANCIAL CORP | $4.2M | 0.2% | NEW | 77 |
| 70 |  $DELL | Dell Technologies Inc. | $4.1M | 0.2% | -54% | 76 |
| 71 |  $AVGO | Broadcom Inc. | $3.8M | 0.2% | -4% | 86.4 |
| 72 |  $JHX | James Hardie Industries plc | $3.6M | 0.2% | NEW | — |
| 73 | — | SPDR SERIES TRUST | $3.5M | 0.1% | +0% | — |
| 74 |  $TRTX | TPG RE Finance Trust, Inc. | $3.1M | 0.1% | +0% | — |
| 75 | — | PIMCO ETF TR | $3.0M | 0.1% | +0% | — |
| 76 | — | VANGUARD INDEX FDS | $2.4M | 0.1% | +0% | — |
| 77 | — | ISHARES TR | $2.2M | 0.1% | +0% | — |
| 78 |  $HAFN | Hafnia Ltd | $2.0M | 0.1% | +0% | — |
| 79 |  $PSX | Phillips 66 | $1.7M | 0.1% | -11% | 47.6 |
| 80 |  $WMB | WILLIAMS COMPANIES, INC. | $1.6M | 0.1% | -10% | 72.8 |
| 81 |  $CAT | CATERPILLAR INC | $1.5M | 0.1% | +0% | 67.8 |
| 82 |  $STWD | STARWOOD PROPERTY TRUST, INC. | $1.4M | 0.1% | +0% | 54.6 |
| 83 |  $MA | Mastercard Inc | $1.3M | 0.1% | +0% | 81.7 |
| 84 |  $TSLA | Tesla, Inc. | $1.1M | 0.1% | +0% | 50.1 |
| 85 | — | CAPITAL GROUP INTERNATIONAL | $1.1M | 0.1% | +0% | — |
| 86 |  $BRK.B | BERKSHIRE HATHAWAY INC | $1.1M | 0.1% | +63% | 64.5 |
| 87 | — | SPDR SERIES TRUST | $1.0M | 0.0% | +0% | — |
| 88 |  $AMAT | APPLIED MATERIALS INC /DE | $989,824 | 0.0% | +0% | 74.8 |
| 89 |  $ETN | Eaton Corp plc | $912,058 | 0.0% | +0% | — |
| 90 |  $MRK | Merck & Co., Inc. | $860,795 | 0.0% | +0% | 70.9 |
| 91 |  $XOM | EXXON MOBIL CORP | $811,484 | 0.0% | +110% | 61.8 |
| 92 |  $FANG | Diamondback Energy, Inc. | $705,319 | 0.0% | +0% | 81.4 |
| 93 |  $TXN | TEXAS INSTRUMENTS INC | $691,721 | 0.0% | +0% | 70.4 |
| 94 |  $TT | Trane Technologies plc | $632,195 | 0.0% | +0% | — |
| 95 |  $PG | PROCTER & GAMBLE Co | $617,048 | 0.0% | +0% | 72.9 |
| 96 |  $NEM | NEWMONT Corp /DE/ | $554,024 | 0.0% | +0% | 88.3 |
| 97 | — | SELECT SECTOR SPDR TR | $473,040 | 0.0% | +0% | — |
| 98 |  $JNJ | JOHNSON & JOHNSON | $470,547 | 0.0% | +0% | 72.8 |
| 99 |  $HCA | HCA Healthcare, Inc. | $459,043 | 0.0% | +0% | 70.5 |
| 100 |  $NEE | NEXTERA ENERGY INC | $448,053 | 0.0% | +0% | 71.7 |
| 101 |  $ITW | ILLINOIS TOOL WORKS INC | $434,684 | 0.0% | +0% | 71.2 |
| 102 |  $HON | HONEYWELL INTERNATIONAL INC | $429,457 | 0.0% | +0% | 65.7 |
| 103 | — | VULCAN MATLS CO | $429,030 | — | NEW | — |
| 104 |  $EQT | EQT Corp | $414,806 | 0.0% | +0% | 83.3 |
| 105 |  $ABBV | AbbVie Inc. | $389,090 | 0.0% | +0% | 59.3 |
| 106 |  $VTR | Ventas, Inc. | $377,006 | 0.0% | +0% | 70.3 |
| 107 |  $PLTR | Palantir Technologies Inc. | $371,844 | 0.0% | +0% | 85.8 |
| 108 |  $IRWD | IRONWOOD PHARMACEUTICALS INC | $355,837 | 0.0% | +0% | 55.9 |
| 109 |  $VRTX | VERTEX PHARMACEUTICALS INC / MA | $348,301 | 0.0% | +0% | 76.6 |
| 110 |  $BSX | BOSTON SCIENTIFIC CORP | $346,192 | 0.0% | -96% | 79.9 |
| 111 |  $ADBE | ADOBE INC. | $343,229 | 0.0% | +0% | 80.4 |
| 112 |  $WELL | WELLTOWER INC. | $343,225 | 0.0% | +0% | 75.7 |
| 113 |  $NRG | NRG ENERGY, INC. | $335,391 | 0.0% | +0% | 59.5 |
| 114 |  $KKR | KKR & Co. Inc. | $329,300 | 0.0% | +0% | 49.8 |
| 115 |  $HAL | HALLIBURTON CO | $314,415 | 0.0% | +0% | 50.9 |
| 116 |  $CVX | CHEVRON CORP | $314,074 | 0.0% | NEW | 54.7 |
| 117 |  $NSC | NORFOLK SOUTHERN CORP | $306,803 | 0.0% | +0% | 70.8 |
| 118 |  $PM | Philip Morris International Inc. | $305,383 | 0.0% | +0% | 80.5 |
| 119 |  $NOC | NORTHROP GRUMMAN CORP /DE/ | $298,139 | 0.0% | +0% | 60.5 |
| 120 |  $ORLY | O REILLY AUTOMOTIVE INC | $294,930 | 0.0% | -97% | 72.7 |
| 121 |  $DIS | Walt Disney Co | $293,959 | 0.0% | NEW | 68.9 |
| 122 |  $LMT | LOCKHEED MARTIN CORP | $293,734 | 0.0% | +0% | 65 |
| 123 |  $T | AT&T INC. | $290,828 | 0.0% | +0% | 71.9 |
| 124 |  $TOL | Toll Brothers, Inc. | $287,542 | 0.0% | +0% | 68.3 |
| 125 |  $ISRG | INTUITIVE SURGICAL INC | $286,275 | 0.0% | +0% | 81.4 |
| 126 |  $ABT | ABBOTT LABORATORIES | $267,661 | 0.0% | +0% | 67 |
| 127 |  $INTU | INTUIT INC. | $267,643 | 0.0% | +0% | 82 |
| 128 |  $OKE | ONEOK INC /NEW/ | $267,283 | 0.0% | +0% | 72 |
| 129 |  $SBUX | STARBUCKS CORP | $266,978 | 0.0% | +0% | 54.6 |
| 130 |  $TJX | TJX COMPANIES INC /DE/ | $265,102 | 0.0% | +0% | 70.7 |
| 131 |  $TMO | THERMO FISHER SCIENTIFIC INC. | $261,002 | 0.0% | +0% | 63.7 |
| 132 |  $ALL | ALLSTATE CORP | $231,806 | 0.0% | +0% | 76.6 |
| 133 |  $WLK | WESTLAKE CORP | $231,070 | 0.0% | NEW | 34.6 |
| 134 |  $GE | GENERAL ELECTRIC CO | $218,219 | 0.0% | +0% | 74.8 |
| 135 |  $AMGN | AMGEN INC | $218,147 | 0.0% | +0% | 79.5 |
| 136 | $AMZNCALL | AMAZON COM INC | $216,080 | — | NEW | 74.6 |
| 137 |  $LOW | LOWES COMPANIES INC | $215,015 | 0.0% | +0% | 63.5 |
| 138 |  $PFH | PRUDENTIAL FINANCIAL INC | $214,527 | 0.0% | +0% | 58.6 |
| 139 |  $CMI | CUMMINS INC | $205,524 | 0.0% | NEW | 58.9 |
| 140 |  $INTC | INTEL CORP | $205,116 | 0.0% | NEW | 41.5 |
| 141 |  $CME | CME GROUP INC. | $201,724 | 0.0% | NEW | 74.5 |
| 142 | — | SELECT SECTOR SPDR TR | $167,913 | — | NEW | — |
New Positions (11)
$CINF CINCINNATI FINANCIAL CORP$4.2M$JHX James Hardie Industries plc$3.6M$CVX CHEVRON CORP$314,074$DIS Walt Disney Co$293,959$WLK WESTLAKE CORP$231,070$AMZNCALL AMAZON COM INC$216,080$CMI CUMMINS INC$205,524$INTC INTEL CORP$205,116$CME CME GROUP INC.$201,724Exited Positions (16)
$PANW Palo Alto Networks Inc
$AON Aon plc
$GPOR GULFPORT ENERGY CORP$LINCALL LINDE PLC
$MELI MERCADOLIBRE INC
$EXPE Expedia Group, Inc.
$FISV FISERV INC
$CVS CVS HEALTH Corp
$CSGP COSTAR GROUP, INC.
$FOX Fox Corp
$ACN Accenture plc
$A AGILENT TECHNOLOGIES, INC.
$JLL JONES LANG LASALLE INC
$SYK STRYKER CORP
$LPLA LPL Financial Holdings Inc.Browse Top Institutional Investors
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