Cercano Management LLC reported 119 positions worth $906.72M for the quarter ended Jun 30, 2026, down 51.0% on the prior quarter. It opened 29 new positions, added to 7, trimmed 36 and exited 21. Its largest holding is Union Pacific Corp at 30.9% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| USB Us Bancorp De | +1.03M | – | $279.72M | 30.85% |
| VTR Ventas, Inc. | +64.5K | +1,399.3% | $14.06M | 1.66% |
| MU Micron Technology Inc | +6,704 | – | $7.74M | 0.853% |
| SHW Sherwin Williams Co | +433.7K | +881.8% | $7.49M | 0.92% |
| VMC Vulcan Materials CO | +19.0K | – | $5.60M | 0.618% |
| DASH DoorDash, Inc. | +23.9K | – | $4.42M | 0.487% |
| JAZZ Jazz Pharmaceuticals plc | +17.3K | – | $4.18M | 0.461% |
| JHX James Hardie Industries plc | +147.9K | +77.6% | $3.87M | 0.978% |
| TMUS T-Mobile US, Inc. | +401.6K | – | $3.36M | 0.371% |
| WEC Wec Energy Group, Inc. | +20.2K | – | $2.29M | 0.253% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| MSFT Microsoft Corp | -601.6K | -98.9% | $694.45M | 0.853% |
| LLY ELI LILLY & Co | -132.0K | -96.1% | $158.35M | 0.708% |
| XPO XPO, Inc. | -727.5K | -96.2% | $149.34M | 0.658% |
| NVDA Nvidia Corp | -535.9K | -85.9% | $107.22M | 1.94% |
| QXO QXO, Inc. | -4.81M | -100.0% | $93.47M | Exited |
| SCHW Schwab Charles Corp | -361.9K | -92.8% | $57.42M | 0.495% |
| AMZN Amazon Com Inc | -232.6K | -80.7% | $55.43M | 1.46% |
| NFLX Netflix Inc | -608.1K | -98.3% | $43.42M | 0.081% |
| META Meta Platforms, Inc. | -71.2K | -47.3% | $40.12M | 4.92% |
| BLDR Builders FirstSource, Inc. | -386.3K | -100.0% | $31.80M | Exited |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| USB Us Bancorp De | +1.03M | $279.72M | 30.85% |
| MU Micron Technology Inc | +6,704 | $7.74M | 0.853% |
| VMC Vulcan Materials CO | +19.0K | $5.60M | 0.618% |
| DASH DoorDash, Inc. | +23.9K | $4.42M | 0.487% |
| JAZZ Jazz Pharmaceuticals plc | +17.3K | $4.18M | 0.461% |
| TMUS T-Mobile US, Inc. | +401.6K | $3.36M | 0.371% |
| WEC Wec Energy Group, Inc. | +20.2K | $2.29M | 0.253% |
| RDDT Reddit, Inc. | +10.3K | $1.78M | 0.197% |
| ASML Asml Holding Nv | +710 | $1.41M | 0.156% |
| GLD Spdr Gold Trust | +8,549 | $1.35M | 0.149% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| QXO QXO, Inc. | -4.81M | $93.47M | 5.05% |
| BLDR Builders FirstSource, Inc. | -386.3K | $31.80M | 1.72% |
| GEV GE Vernova Inc. | -33.2K | $28.98M | 1.57% |
| UNH Unitedhealth Group Inc | -90.9K | $24.60M | 1.33% |
| IAU Ishares Gold Trust | -254.3K | $22.42M | 1.21% |
| BA Boeing Co | -107.9K | $21.48M | 1.16% |
| TIC TIC Solutions, Inc. | -2.90M | $19.10M | 1.03% |
| LPX Louisiana-Pacific Corp | -113.9K | $8.29M | 0.448% |
| WMS Advanced Drainage Systems, Inc. | -50.0K | $6.86M | 0.371% |
| MLM Martin Marietta Materials Inc | -8,407 | $4.95M | 0.268% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | UNP Union Pacific Corp | Industrials | 1.03M | $279.72M | 30.85% | -22.4K | -2.1% | Reduced | 0.17% |
| 2 | USB Us Bancorp De | Financial Services | 1.03M | $279.72M | 30.85% | +1.03M | – | New | 0.07% |
| 3 | META Meta Platforms, Inc. | Technology | 79.2K | $44.63M | 4.92% | -71.2K | -47.3% | Reduced | 0% |
| 4 | BKSY BlackSky Technology Inc. | Technology | 933.0K | $26.05M | 2.87% | -311.0K | -25.0% | Reduced | 2.43% |
| 5 | NVDA Nvidia Corp | Technology | 87.8K | $17.57M | 1.94% | -535.9K | -85.9% | Reduced | 0% |
| 6 | DNLI Denali Therapeutics Inc. | Healthcare | 625.0K | $16.08M | 1.77% | 0 | 0.0% | Unchanged | 0.33% |
| 7 | VTR Ventas, Inc. | Real Estate | 69.1K | $15.06M | 1.66% | +64.5K | +1,399.3% | Added | 0.01% |
| 8 | NAUT Nautilus Biotechnology, Inc. | Healthcare | 7.17M | $13.41M | 1.48% | 0 | 0.0% | Unchanged | 5.64% |
| 9 | AMZN Amazon Com Inc | Consumer Discretionary | 55.6K | $13.26M | 1.46% | -232.6K | -80.7% | Reduced | 0% |
| 10 | AAPL Apple Inc. | Technology | 31.1K | $9.00M | 0.993% | -32.8K | -51.3% | Reduced | 0% |
| 11 | JHX James Hardie Industries plc | Industrials | 338.6K | $8.86M | 0.978% | +147.9K | +77.6% | Added | 0.06% |
| 12 | SHW Sherwin Williams Co | Basic Materials | 482.9K | $8.34M | 0.92% | +433.7K | +881.8% | Added | 0.2% |
| 13 | MSFT Microsoft Corp | Technology | 6,704 | $7.74M | 0.853% | -601.6K | -98.9% | Reduced | 0% |
| 14 | MU Micron Technology Inc | Technology | 6,704 | $7.74M | 0.853% | +6,704 | – | New | 0% |
| 15 | GOOGL Alphabet Inc. | Technology | 19.0K | $6.79M | 0.749% | -69.9K | -78.6% | Reduced | 0% |
Tip. Select a row to see that position’s full history at Cercano Management.
As of its Q2 2026 13F filing, Cercano Management LLC’s five largest positions were Union Pacific Corp (UNP) at 30.9%, Us Bancorp De (USB) at 30.9%, Meta Platforms, Inc. (META) at 4.9%, BlackSky Technology Inc. (BKSY) at 2.9%, Nvidia Corp (NVDA) at 1.9% of the reported portfolio.
Cercano Management LLC reported a 13F portfolio worth $906.72M across 119 positions for Q2 2026. That is down 51.0% from the previous quarter.
Its largest purchases by value were Us Bancorp De ($279.72M), Ventas, Inc. ($14.06M), Micron Technology Inc ($7.74M). It opened 29 new positions.
Its largest sales by value were Microsoft Corp ($694.45M), ELI LILLY & Co ($158.35M), XPO, Inc. ($149.34M). It exited 21 positions entirely.
From the Form 13F-HR reports Cercano Management LLC files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.