13F HOLDINGS REPORT
Cercano Management LLC
Quarter ended Q2 2025 · Filed August 8, 2025 · Accession 0001062993-25-013989
Total Value
$3.50B
Positions
174
Other Managers
2
Confidential Omitted
No
Holdings (174)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 687,903 | $342.2M | 9.76% |
| 2 | XPO INC | XPO | 2,094,841 | $264.6M | 7.55% |
| 3 | QXO INC | QXO-PB | 11,405,248 | $245.7M | 7.01% |
| 4 | UNION PAC CORP | UNP | 1,067,304 | $245.6M | 7.01% |
| 5 | INVESCO EXCHANGE TRADED FD T | IVZ | 784,408 | $142.6M | 4.07% |
| 6 | ELI LILLY & CO | LLY | 172,678 | $134.6M | 3.84% |
| 7 | NVIDIA CORPORATION | NVDA | 730,580 | $115.4M | 3.29% |
| 8 | AMAZON COM INC | AMZN | 482,364 | $105.8M | 3.02% |
| 9 | NV5 GLOBAL INC | 62945V109 | 3,925,599 | $90.6M | 2.59% |
| 10 | META PLATFORMS INC | META | 118,206 | $87.2M | 2.49% |
| 11 | SCHWAB CHARLES CORP | SCHW-PJ | 740,267 | $67.5M | 1.93% |
| 12 | MICROSOFT CORP | MSFT | 120,962 | $60.2M | 1.72% |
| 13 | MR COOPER GROUP INC | 62482R107 | 359,803 | $53.7M | 1.53% |
| 14 | MOODYS CORP | MCO | 105,287 | $52.8M | 1.51% |
| 15 | META PLATFORMS INC | META | 70,265 | $51.9M | 1.48% |
| 16 | VISA INC | V | 143,181 | $50.8M | 1.45% |
| 17 | S&P GLOBAL INC | SPGI | 95,348 | $50.3M | 1.43% |
| 18 | SELECT SECTOR SPDR TR | 81369Y209 | 358,568 | $48.3M | 1.38% |
| 19 | CONSTELLATION ENERGY CORP | CEG | 144,005 | $46.5M | 1.33% |
| 20 | UNITEDHEALTH GROUP INC | UNH | 147,508 | $46.0M | 1.31% |
| 21 | UBER TECHNOLOGIES INC | UBER | 463,425 | $43.2M | 1.23% |
| 22 | INVESCO QQQ TR | IVZ | 75,066 | $41.4M | 1.18% |
| 23 | QUANTA SVCS INC | 74762E102 | 108,090 | $40.9M | 1.17% |
| 24 | APOLLO GLOBAL MGMT INC | 03769M106 | 272,049 | $38.6M | 1.10% |
| 25 | APPLE INC | AAPL | 179,699 | $36.9M | 1.05% |
| 26 | SPDR S&P 500 ETF TR | SPY | 59,481 | $36.8M | 1.05% |
| 27 | PALO ALTO NETWORKS INC | PANW | 173,808 | $35.6M | 1.01% |
| 28 | SPDR SERIES TRUST | 78464A284 | 1,387,825 | $34.4M | 0.98% |
| 29 | AMAZON COM INC | AMZN | 150,298 | $33.0M | 0.94% |
| 30 | GE VERNOVA INC | GEV | 60,920 | $32.2M | 0.92% |
| 31 | SPDR GOLD TR | GLD | 100,346 | $30.6M | 0.87% |
| 32 | AIR PRODS & CHEMS INC | AIIR | 105,493 | $29.8M | 0.85% |
| 33 | AON PLC | AON | 83,237 | $29.7M | 0.85% |
| 34 | STARBUCKS CORP | SBUX | 309,466 | $28.4M | 0.81% |
| 35 | JPMORGAN CHASE & CO. | VYLD | 91,402 | $26.5M | 0.76% |
| 36 | MARTIN MARIETTA MATLS INC | 573284106 | 47,755 | $26.2M | 0.75% |
| 37 | DBX ETF TR | 233051432 | 706,147 | $26.1M | 0.74% |
| 38 | BLACKSKY TECHNOLOGY INC | BKSY-WT | 1,243,976 | $25.6M | 0.73% |
| 39 | OREILLY AUTOMOTIVE INC | 67103H107 | 272,312 | $24.5M | 0.70% |
| 40 | JFROG LTD | FROG | 521,809 | $22.9M | 0.65% |
| 41 | SELECT SECTOR SPDR TR | 81369Y308 | 281,233 | $22.8M | 0.65% |
| 42 | ADVANCED DRAIN SYS INC DEL | 00790R104 | 196,785 | $22.6M | 0.64% |
| 43 | PIMCO DYNAMIC INCOME OPRNTS | 69355M107 | 1,666,651 | $22.5M | 0.64% |
| 44 | SELECT SECTOR SPDR TR | 81369Y886 | 244,801 | $20.0M | 0.57% |
| 45 | ALPHABET INC | GOOG | 112,767 | $19.9M | 0.57% |
| 46 | CAPITAL ONE FINL CORP | 14040H105 | 88,428 | $18.8M | 0.54% |
| 47 | ALPHABET INC | GOOG | 105,230 | $18.7M | 0.53% |
| 48 | ALNYLAM PHARMACEUTICALS INC | ALNY | 56,953 | $18.6M | 0.53% |
| 49 | BANK AMERICA CORP | 060505104 | 372,127 | $17.6M | 0.50% |
| 50 | WESTERN ALLIANCE BANCORP | WAL-PA | 223,329 | $17.4M | 0.50% |
| 51 | DELL TECHNOLOGIES INC | DELL | 137,152 | $16.8M | 0.48% |
| 52 | DELTA AIR LINES INC DEL | DAL | 337,927 | $16.6M | 0.47% |
| 53 | NORTHROP GRUMMAN CORP | NOC | 32,683 | $16.3M | 0.47% |
| 54 | MERCADOLIBRE INC | MELI | 5,822 | $15.2M | 0.43% |
| 55 | ISHARES TR | 464287226 | 151,570 | $15.0M | 0.43% |
| 56 | SPDR SERIES TRUST | 78468R739 | 314,202 | $15.0M | 0.43% |
| 57 | ISHARES INC | 464286822 | 239,617 | $14.5M | 0.41% |
| 58 | INTUITIVE SURGICAL INC | ISRG | 26,213 | $14.2M | 0.41% |
| 59 | INTERACTIVE BROKERS GROUP IN | 45841N107 | 248,179 | $13.8M | 0.39% |
| 60 | ROSS STORES INC | ROST | 107,046 | $13.7M | 0.39% |
| 61 | GRAB HOLDINGS LIMITED | GRABW | 2,643,417 | $13.3M | 0.38% |
| 62 | BLUE OWL CAPITAL INC | OWL | 648,965 | $12.5M | 0.36% |
| 63 | VANGUARD INDEX FDS | 922908744 | 69,120 | $12.2M | 0.35% |
| 64 | SELECT SECTOR SPDR TR | 81369Y803 | 41,312 | $10.5M | 0.30% |
| 65 | TKO GROUP HOLDINGS INC | TKO | 53,678 | $9.8M | 0.28% |
| 66 | SPDR SERIES TRUST | 78468R788 | 217,913 | $9.2M | 0.26% |
| 67 | ISHARES SILVER TR | SLV | 270,859 | $8.9M | 0.25% |
| 68 | DENALI THERAPEUTICS INC | DNLI | 625,000 | $8.7M | 0.25% |
| 69 | ISHARES BITCOIN TRUST ETF | IBIT | 117,140 | $7.2M | 0.20% |
| 70 | SELECT SECTOR SPDR TR | 81369Y506 | 74,336 | $6.3M | 0.18% |
| 71 | LIONSGATE STUDIOS CORP | LION | 973,567 | $5.7M | 0.16% |
| 72 | NAUTILUS BIOTECHNOLOGY INC | NAUT | 7,172,985 | $5.2M | 0.15% |
| 73 | NVIDIA CORPORATION | NVDA | 32,330 | $5.1M | 0.15% |
| 74 | MCKESSON CORP | MCK | 6,717 | $4.9M | 0.14% |
| 75 | APPLE INC | AAPL | 23,508 | $4.8M | 0.14% |
| 76 | PIMCO ETF TR | 72201R866 | 77,034 | $4.0M | 0.11% |
| 77 | ISHARES TR | 464287655 | 18,137 | $3.9M | 0.11% |
| 78 | ENERGY TRANSFER L P | ET-PI | 209,295 | $3.8M | 0.11% |
| 79 | ISHARES GOLD TR | IAU | 59,869 | $3.7M | 0.11% |
| 80 | ENTERPRISE PRODS PARTNERS L | 293792107 | 120,021 | $3.7M | 0.11% |
| 81 | BROADCOM INC | AVGO | 12,877 | $3.5M | 0.10% |
| 82 | INTERNATIONAL SEAWAYS INC | INSW | 90,265 | $3.3M | 0.09% |
| 83 | ISHARES INC | 464286772 | 43,201 | $3.1M | 0.09% |
| 84 | TPG RE FIN TR INC | TPGXL | 401,607 | $3.1M | 0.09% |
| 85 | ISHARES TR | 46429B598 | 46,470 | $2.6M | 0.07% |
| 86 | SANDSTORM GOLD LTD | 80013R206 | 266,435 | $2.5M | 0.07% |
| 87 | VANGUARD INDEX FDS | 922908363 | 3,941 | $2.2M | 0.06% |
| 88 | ISHARES TR | 464287812 | 29,967 | $2.1M | 0.06% |
| 89 | ALPHABET INC | GOOG | 11,620 | $2.0M | 0.06% |
| 90 | GULFPORT ENERGY CORP | GPOR | 9,571 | $1.9M | 0.05% |
| 91 | STARWOOD PPTY TR INC | STHO | 79,029 | $1.6M | 0.05% |
| 92 | PLAINS ALL AMERN PIPELINE L | 726503105 | 85,192 | $1.6M | 0.04% |
| 93 | MASTERCARD INCORPORATED | MA | 2,574 | $1.4M | 0.04% |
| 94 | NETFLIX INC | NFLX | 1,033 | $1.4M | 0.04% |
| 95 | WALMART INC | WMT | 13,635 | $1.3M | 0.04% |
| 96 | HAFNIA LTD | HAFN | 264,379 | $1.3M | 0.04% |
| 97 | WESTERN UN CO | WU | 149,869 | $1.3M | 0.04% |
| 98 | BANK AMERICA CORP | 060505104 | 21,750 | $1.0M | 0.03% |
| 99 | SPDR SERIES TRUST | 78464A672 | 35,199 | $1.0M | 0.03% |
| 100 | TESLA INC | TSLA | 3,048 | $968,228 | 0.03% |
| 101 | EATON CORP PLC | ETN | 2,550 | $910,324 | 0.03% |
| 102 | HOME DEPOT INC | HD | 2,430 | $890,935 | 0.03% |
| 103 | ELI LILLY & CO | LLY | 1,105 | $861,381 | 0.02% |
| 104 | CATERPILLAR INC | CAT | 2,180 | $846,298 | 0.02% |
| 105 | LAM RESEARCH CORP | LRCX | 8,560 | $833,230 | 0.02% |
| 106 | JPMORGAN CHASE & CO. | VYLD | 2,671 | $774,350 | 0.02% |
| 107 | TEXAS INSTRS INC | 882508104 | 3,563 | $739,750 | 0.02% |
| 108 | COSTCO WHSL CORP NEW | 22160K105 | 712 | $704,837 | 0.02% |
| 109 | PROCTER AND GAMBLE CO | 742718109 | 4,272 | $680,615 | 0.02% |
| 110 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 1,369 | $665,019 | 0.02% |
| 111 | TRANE TECHNOLOGIES PLC | TT | 1,517 | $663,551 | 0.02% |
| 112 | BOSTON SCIENTIFIC CORP | BSX | 5,517 | $592,581 | 0.02% |
| 113 | CAPITAL ONE FINL CORP | 14040H105 | 2,717 | $578,069 | 0.02% |
| 114 | UNION PAC CORP | UNP | 2,479 | $570,368 | 0.02% |
| 115 | MERCK & CO INC | MRK | 7,156 | $566,469 | 0.02% |
| 116 | ADOBE INC | ADBE | 1,412 | $546,275 | 0.02% |
| 117 | APPLIED MATLS INC | 038222105 | 2,896 | $530,171 | 0.02% |
| 118 | EXXON MOBIL CORP | XOM | 4,616 | $497,605 | 0.01% |
| 119 | DIAMONDBACK ENERGY INC | FANG | 3,566 | $489,968 | 0.01% |
| 120 | INTUIT | INTU | 619 | $487,543 | 0.01% |
| 121 | KKR & CO INC | KKRT | 3,560 | $473,587 | 0.01% |
| 122 | ISHARES TR | 464287234 | 9,500 | $458,280 | 0.01% |
| 123 | HONEYWELL INTL INC | 438516106 | 1,900 | $442,472 | 0.01% |
| 124 | PHILIP MORRIS INTL INC | 718172109 | 2,424 | $441,483 | 0.01% |
| 125 | ILLINOIS TOOL WKS INC | 452308109 | 1,670 | $412,908 | 0.01% |
| 126 | MORGAN STANLEY | MS-PQ | 2,812 | $396,098 | 0.01% |
| 127 | EQT CORP | EQT | 6,518 | $380,130 | 0.01% |
| 128 | HCA HEALTHCARE INC | HCA | 970 | $371,607 | 0.01% |
| 129 | NRG ENERGY INC | NRG | 2,295 | $368,531 | 0.01% |
| 130 | ABBOTT LABS | ABLZF | 2,607 | $354,578 | 0.01% |
| 131 | VERTEX PHARMACEUTICALS INC | VRTX | 780 | $347,256 | 0.01% |
| 132 | PALANTIR TECHNOLOGIES INC | PLTR | 2,542 | $346,525 | 0.01% |
| 133 | INTUITIVE SURGICAL INC | ISRG | 621 | $337,458 | 0.01% |
| 134 | NEXTERA ENERGY INC | NEE-PW | 4,824 | $334,882 | 0.01% |
| 135 | ABBVIE INC | ABBV | 1,789 | $332,074 | 0.01% |
| 136 | REMITLY GLOBAL INC | RELY | 16,768 | $314,735 | 0.01% |
| 137 | NEWMONT CORP | NEMCL | 5,118 | $298,175 | 0.01% |
| 138 | JOHNSON & JOHNSON | JNJ | 1,925 | $294,044 | 0.01% |
| 139 | VENTAS INC | VTR | 4,610 | $291,122 | 0.01% |
| 140 | AT&T INC | T-PC | 10,032 | $290,326 | 0.01% |
| 141 | OREILLY AUTOMOTIVE INC | 67103H107 | 3,195 | $287,965 | 0.01% |
| 142 | NORFOLK SOUTHN CORP | 655844108 | 1,069 | $273,632 | 0.01% |
| 143 | MCDONALDS CORP | MCD | 927 | $270,842 | 0.01% |
| 144 | WELLTOWER INC | WELL | 1,736 | $266,875 | 0.01% |
| 145 | CHARTER COMMUNICATIONS INC N | 16119P108 | 636 | $260,003 | 0.01% |
| 146 | VERIZON COMMUNICATIONS INC | VZ | 6,005 | $259,836 | 0.01% |
| 147 | TOLL BROTHERS INC | TOL | 2,107 | $240,472 | 0.01% |
| 148 | STRYKER CORPORATION | SYK | 598 | $236,587 | 0.01% |
| 149 | PRUDENTIAL FINL INC | PUKPF | 2,196 | $235,938 | 0.01% |
| 150 | CVS HEALTH CORP | CVS | 3,382 | $233,290 | 0.01% |
| 151 | QXO INC | QXO-PB | 116,000 | $226,200 | 0.01% |
| 152 | LOCKHEED MARTIN CORP | LMT | 486 | $225,086 | 0.01% |
| 153 | ALLSTATE CORP | ALL-PJ | 1,118 | $225,065 | 0.01% |
| 154 | NORTHROP GRUMMAN CORP | NOC | 437 | $218,491 | 0.01% |
| 155 | THERMO FISHER SCIENTIFIC INC | TMO | 531 | $215,299 | 0.01% |
| 156 | LPL FINL HLDGS INC | 50212V100 | 570 | $213,733 | 0.01% |
| 157 | QUANTA SVCS INC | 74762E102 | 560 | $211,725 | 0.01% |
| 158 | COCA COLA CO | KO | 2,912 | $206,024 | 0.01% |
| 159 | TJX COS INC NEW | 872540109 | 1,660 | $204,993 | 0.01% |
| 160 | HEALTHPEAK PROPERTIES INC | DOC | 11,628 | $203,606 | 0.01% |
| 161 | CISCO SYS INC | CSCO | 2,916 | $202,312 | 0.01% |
| 162 | LOWES COS INC | 548661107 | 910 | $201,902 | 0.01% |
| 163 | INTERNATIONAL BUSINESS MACHS | INTR | 682 | $201,040 | 0.01% |
| 164 | MARTIN MARIETTA MATLS INC | 573284106 | 260 | $142,730 | 0.00% |
| 165 | ROSS STORES INC | ROST | 799 | $101,936 | 0.00% |
| 166 | CSX CORP | CSX | 165,000 | $94,875 | 0.00% |
| 167 | IRONWOOD PHARMACEUTICALS INC | IRWD | 101,378 | $72,708 | 0.00% |
| 168 | PALO ALTO NETWORKS INC | PANW | 220 | $45,021 | 0.00% |
| 169 | ALPHABET INC | GOOG | 193,500 | $31,928 | 0.00% |
| 170 | OREILLY AUTOMOTIVE INC | 67103H957 | 120,000 | $21,000 | 0.00% |
| 171 | DELTA AIR LINES INC DEL | DAL | 340 | $16,721 | 0.00% |
| 172 | AIR PRODS & CHEMS INC | AIIR | 55 | $15,513 | 0.00% |
| 173 | SALESFORCE INC | CRM | 41,000 | $9,020 | 0.00% |
| 174 | MR COOPER GROUP INC | 62482R957 | 28,000 | $1,400 | 0.00% |