Cercano Management LLC
CIK 1936416 · Holdings on Jun 30, 2025 · First reported Aug 8, 2025
Top ten holdings
Q2 2025- MSFT11.48%
- XPO7.55%
- UNP7.02%
- QXO7.01%
- RSP4.07%
- META3.97%
- AMZN3.96%
- LLY3.87%
- NVDA3.44%
- NVEE2.59%
Share classes counted separately54.96%
Portfolio value by quarter
What changed this quarter?
Within preview · weight change- QXOWeight increased · +4.40 pp2.61% → 7.01%Shares +4.84M (+73.74%)
- LLYWeight increased · +3.84 pp0.03% → 3.87%Shares +172.68K (+15626.97%)
- XLVWeight decreased · -2.45 pp3.83% → 1.38%Shares -533.89K (-59.82%)
Weight = security value ÷ total reported holdings value. Changes are in percentage points; price moves also affect weights, so they are not trade sizes.
Top 10 holdings 25
USD · B = billion · M = million; expand a row for exact values| # | Security | Value | Weight | Quantity | Weight / quantity change | Activity | |
|---|---|---|---|---|---|---|---|
| 01 | MSFTMICROSOFT CORP View history and evidence | $402.34M | 11.48% | 808.87K shares | 10.53% → 11.48%+0.95 pp -145.47K (-15.24%) | Reduced | ↗▾ |
| 02 | XPOXPO INC View history and evidence | $264.56M | 7.55% | 2.09M shares | 6.83% → 7.55%+0.72 pp -65.13K (-3.02%) | Reduced | ↗▾ |
| 03 | UNPUNION PACIFIC CORP View history and evidence | $246.14M | 7.02% | 1.07M shares | 7.42% → 7.02%-0.40 pp 0 (0.00%) | Unchanged | ↗▾ |
| 04 | QXOQXO INCCOM NEW View history and evidence | $245.67M | 7.01% | 11.41M shares | 2.61% → 7.01%+4.40 pp +4.84M (+73.74%) | Added | ↗▾ |
| 05 | RSPINVESCO S&P 500 EQUAL WEIGHTS&P500 EQL WGT View history and evidence | $142.56M | 4.07% | 784.41K shares | 4.08% → 4.07%-0.01 pp -16.46K (-2.05%) | Reduced | ↗▾ |
| 06 | METAMETA PLATFORMS INC-CLASS ACL A View history and evidence | $139.11M | 3.97% | 188.47K shares | 3.88% → 3.97%+0.09 pp -40.94K (-17.85%) | Reduced | ↗▾ |
| 07 | AMZNAMAZON.COM INC View history and evidence | $138.80M | 3.96% | 632.66K shares | 2.66% → 3.96%+1.30 pp +156.17K (+32.77%) | Added | ↗▾ |
| 08 | LLYELI LILLY & CO View history and evidence | $135.47M | 3.87% | 173.78K shares | 0.03% → 3.87%+3.84 pp +172.68K (+15626.97%) | Added | ↗▾ |
| 09 | NVDANVIDIA CORP View history and evidence | $120.53M | 3.44% | 762.91K shares | 2.86% → 3.44%+0.58 pp -136.14K (-15.14%) | Reduced | ↗▾ |
| 10 | NVEENV5 GLOBAL INC View history and evidence | $90.64M | 2.59% | 3.93M shares | 2.22% → 2.59%+0.37 pp 0 (0.00%) | Unchanged | ↗▾ |
Options overlay 6
$384.42K notionalPut and Call positions are separate. Notional is based on underlying securities, not option premium, market value or net exposure. Quantities are underlying shares.
| Security | Put / Call | Underlying shares | Notional | Quantity change | |
|---|---|---|---|---|---|
QXOQXO INCPUT View history and evidence | Put | 116.00K | $226.20K | +116.00K | ▾ |
CSXCSX CORPCALL View history and evidence | Call | 165.00K | $94.88K | +165.00K | ▾ |
GOOGLALPHABET INC-CL APUT View history and evidence | Put | 193.50K | $31.93K | +193.50K | ▾ |
3 / 6 options · preview only
Exited positions 21
| Security | Type | Shares out | Value out | Previous filing | This filing |
|---|---|---|---|---|---|
| TDG TRANSDIGM GROUP INC | Non-derivative | -29,419 | -$40.70M | SEC filing ↗ | SEC filing ↗ |
| MRSH MARSH & MCLENNAN COS | Non-derivative | -99,304 | -$24.23M | SEC filing ↗ | SEC filing ↗ |
| PGR PROGRESSIVE CORP | Non-derivative | -76,175 | -$21.56M | SEC filing ↗ | SEC filing ↗ |
3 / 21 preview exits. Up to 30 exit records are previewed. Exit means absent from the current filing; execution date, price and proceeds are unknown.
Every number has a source.
CIK 1936416 · Period 2025-06-30
Data loaded 2026-09-23 · First reported 2025-08-08
Amendments and versions
{
"amendments_merged": null,
"prior_versions": null,
"cover_table_value": 3504744593
}Research all 154 reported holdings.
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