13F HOLDINGS REPORT
Cercano Management LLC
Quarter ended Q3 2025 · Filed November 7, 2025 · Accession 0001062993-25-016553
Total Value
$2.61B
Positions
173
Other Managers
2
Confidential Omitted
No
Holdings (173)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 569,736 | $295.1M | 11.31% |
| 2 | UNION PAC CORP | UNP | 1,099,634 | $259.9M | 9.96% |
| 3 | XPO INC | XPO | 1,945,996 | $251.6M | 9.64% |
| 4 | QXO INC | QXO-PB | 10,585,316 | $201.8M | 7.73% |
| 5 | INVESCO EXCHANGE TRADED FD T | IVZ | 624,081 | $118.4M | 4.54% |
| 6 | ELI LILLY & CO | LLY | 148,282 | $113.1M | 4.33% |
| 7 | NVIDIA CORPORATION | NVDA | 480,749 | $89.7M | 3.44% |
| 8 | META PLATFORMS INC | META | 94,192 | $69.2M | 2.65% |
| 9 | MR COOPER GROUP INC | 62482R107 | 285,331 | $60.1M | 2.30% |
| 10 | AMAZON COM INC | AMZN | 184,391 | $40.5M | 1.55% |
| 11 | ACUREN CORP | TICAW | 2,902,230 | $38.6M | 1.48% |
| 12 | SCHWAB CHARLES CORP | SCHW-PJ | 390,217 | $37.3M | 1.43% |
| 13 | MICROSOFT CORP | MSFT | 67,667 | $35.0M | 1.34% |
| 14 | SPDR S&P 500 ETF TR | SPY | 52,187 | $34.8M | 1.33% |
| 15 | SPDR SERIES TRUST | 78464A284 | 1,387,825 | $34.6M | 1.33% |
| 16 | SPDR GOLD TR | GLD | 96,309 | $34.2M | 1.31% |
| 17 | INVESCO QQQ TR | IVZ | 56,951 | $34.2M | 1.31% |
| 18 | CONSTELLATION ENERGY CORP | CEG | 100,915 | $33.2M | 1.27% |
| 19 | META PLATFORMS INC | META | 38,097 | $28.0M | 1.07% |
| 20 | MOODYS CORP | MCO | 57,368 | $27.3M | 1.05% |
| 21 | UNITEDHEALTH GROUP INC | UNH | 76,615 | $26.5M | 1.01% |
| 22 | VISA INC | V | 77,039 | $26.3M | 1.01% |
| 23 | S&P GLOBAL INC | SPGI | 52,035 | $25.3M | 0.97% |
| 24 | BLACKSKY TECHNOLOGY INC | BKSY-WT | 1,243,976 | $25.1M | 0.96% |
| 25 | PIMCO DYNAMIC INCOME OPRNTS | 69355M107 | 1,666,651 | $23.5M | 0.90% |
| 26 | SELECT SECTOR SPDR TR | 81369Y803 | 73,251 | $20.6M | 0.79% |
| 27 | GE VERNOVA INC | GEV | 33,199 | $20.4M | 0.78% |
| 28 | SHERWIN WILLIAMS CO | SHW | 57,426 | $19.9M | 0.76% |
| 29 | APOLLO GLOBAL MGMT INC | 03769M106 | 147,599 | $19.7M | 0.75% |
| 30 | PALO ALTO NETWORKS INC | PANW | 95,870 | $19.5M | 0.75% |
| 31 | ALPHABET INC | GOOG | 76,916 | $18.7M | 0.72% |
| 32 | ISHARES INC | 464286822 | 239,617 | $16.3M | 0.63% |
| 33 | ALPHABET INC | GOOG | 62,738 | $15.3M | 0.59% |
| 34 | ISHARES TR | 464287226 | 151,570 | $15.2M | 0.58% |
| 35 | SPDR SERIES TRUST | 78468R739 | 314,202 | $15.2M | 0.58% |
| 36 | SEAGATE TECHNOLOGY HLDNGS PL | SE | 63,842 | $15.1M | 0.58% |
| 37 | APPLE INC | AAPL | 57,935 | $14.8M | 0.57% |
| 38 | AMAZON COM INC | AMZN | 67,148 | $14.7M | 0.56% |
| 39 | JPMORGAN CHASE & CO. | VYLD | 46,683 | $14.7M | 0.56% |
| 40 | ADVANCED DRAIN SYS INC DEL | 00790R104 | 100,224 | $13.9M | 0.53% |
| 41 | FRANKLIN TEMPLETON ETF TR | FGDL | 399,037 | $13.8M | 0.53% |
| 42 | QUANTA SVCS INC | 74762E102 | 32,502 | $13.5M | 0.52% |
| 43 | UBER TECHNOLOGIES INC | UBER | 133,997 | $13.1M | 0.50% |
| 44 | VANGUARD INDEX FDS | 922908744 | 69,120 | $12.9M | 0.49% |
| 45 | CAPITAL ONE FINL CORP | 14040H105 | 59,064 | $12.6M | 0.48% |
| 46 | MERCADOLIBRE INC | MELI | 5,262 | $12.3M | 0.47% |
| 47 | ISHARES SILVER TR | SLV | 270,859 | $11.5M | 0.44% |
| 48 | ARISTA NETWORKS INC | ANET | 77,364 | $11.3M | 0.43% |
| 49 | BOEING CO | BA-PA | 51,990 | $11.2M | 0.43% |
| 50 | MARTIN MARIETTA MATLS INC | 573284106 | 16,904 | $10.7M | 0.41% |
| 51 | ISHARES INC | 464286772 | 132,765 | $10.6M | 0.41% |
| 52 | BANK AMERICA CORP | 060505104 | 199,434 | $10.3M | 0.39% |
| 53 | LOUISIANA PAC CORP | LPX | 115,410 | $10.3M | 0.39% |
| 54 | OREILLY AUTOMOTIVE INC | 67103H107 | 92,240 | $9.9M | 0.38% |
| 55 | SPDR SERIES TRUST | 78468R788 | 217,913 | $9.6M | 0.37% |
| 56 | DENALI THERAPEUTICS INC | DNLI | 625,000 | $9.1M | 0.35% |
| 57 | SELECT SECTOR SPDR TR | 81369Y209 | 58,840 | $8.2M | 0.31% |
| 58 | WESTERN ALLIANCE BANCORP | WAL-PA | 90,774 | $7.9M | 0.30% |
| 59 | DELL TECHNOLOGIES INC | DELL | 54,087 | $7.7M | 0.29% |
| 60 | ISHARES BITCOIN TRUST ETF | IBIT | 117,140 | $7.6M | 0.29% |
| 61 | DELTA AIR LINES INC DEL | DAL | 129,326 | $7.3M | 0.28% |
| 62 | BUILDERS FIRSTSOURCE INC | BLDR | 60,300 | $7.3M | 0.28% |
| 63 | FRANKLIN TEMPLETON ETF TR | FGDL | 263,694 | $7.1M | 0.27% |
| 64 | DOORDASH INC | DASH | 25,147 | $6.8M | 0.26% |
| 65 | LIONSGATE STUDIOS CORP | LION | 973,567 | $6.7M | 0.26% |
| 66 | SELECT SECTOR SPDR TR | 81369Y506 | 74,336 | $6.6M | 0.25% |
| 67 | NORTHROP GRUMMAN CORP | NOC | 10,131 | $6.2M | 0.24% |
| 68 | NAUTILUS BIOTECHNOLOGY INC | NAUT | 7,172,985 | $6.1M | 0.23% |
| 69 | NVIDIA CORPORATION | NVDA | 32,330 | $6.0M | 0.23% |
| 70 | APPLE INC | AAPL | 23,508 | $6.0M | 0.23% |
| 71 | INTERACTIVE BROKERS GROUP IN | 45841N107 | 77,749 | $5.3M | 0.20% |
| 72 | SELECT SECTOR SPDR TR | 81369Y308 | 65,127 | $5.1M | 0.20% |
| 73 | SELECT SECTOR SPDR TR | 81369Y886 | 56,688 | $4.9M | 0.19% |
| 74 | JAMES HARDIE INDS PLC | G4253H101 | 237,647 | $4.6M | 0.17% |
| 75 | ISHARES TR | 464287655 | 18,137 | $4.4M | 0.17% |
| 76 | ISHARES GOLD TR | IAU | 59,869 | $4.4M | 0.17% |
| 77 | BROADCOM INC | AVGO | 12,877 | $4.2M | 0.16% |
| 78 | INTUITIVE SURGICAL INC | ISRG | 8,614 | $3.9M | 0.15% |
| 79 | QXO INC | QXO-PB | 13,800 | $3.8M | 0.15% |
| 80 | ENTERPRISE PRODS PARTNERS L | 293792107 | 120,021 | $3.8M | 0.14% |
| 81 | SPDR SERIES TRUST | 78464A854 | 45,151 | $3.5M | 0.14% |
| 82 | TPG RE FIN TR INC | TPGXL | 401,607 | $3.4M | 0.13% |
| 83 | PIMCO ETF TR | 72201R866 | 57,919 | $3.0M | 0.12% |
| 84 | SANDSTORM GOLD LTD | 80013R206 | 226,238 | $2.8M | 0.11% |
| 85 | ALPHABET INC | GOOG | 11,620 | $2.8M | 0.11% |
| 86 | ISHARES TR | 46429B598 | 46,470 | $2.4M | 0.09% |
| 87 | VANGUARD INDEX FDS | 922908363 | 3,941 | $2.4M | 0.09% |
| 88 | GULFPORT ENERGY CORP | GPOR | 10,946 | $2.0M | 0.08% |
| 89 | ISHARES TR | 464287812 | 25,446 | $1.7M | 0.07% |
| 90 | XPO INC | XPO | 1,570 | $1.6M | 0.06% |
| 91 | XPO INC | XPO | 1,270 | $1.6M | 0.06% |
| 92 | STARWOOD PPTY TR INC | STHO | 79,029 | $1.5M | 0.06% |
| 93 | SPDR INDEX SHS FDS | 78463X509 | 32,275 | $1.5M | 0.06% |
| 94 | MASTERCARD INCORPORATED | MA | 2,574 | $1.5M | 0.06% |
| 95 | WALMART INC | WMT | 13,635 | $1.4M | 0.05% |
| 96 | TESLA INC | TSLA | 3,048 | $1.4M | 0.05% |
| 97 | NETFLIX INC | NFLX | 1,033 | $1.2M | 0.05% |
| 98 | LAM RESEARCH CORP | LRCX | 8,560 | $1.1M | 0.04% |
| 99 | BANK AMERICA CORP | 060505104 | 21,750 | $1.1M | 0.04% |
| 100 | CATERPILLAR INC | CAT | 2,180 | $1.0M | 0.04% |
| 101 | SPDR SERIES TRUST | 78464A672 | 35,199 | $1.0M | 0.04% |
| 102 | CAPITAL GROUP INTERNATIONAL | 14021T102 | 32,733 | $1.0M | 0.04% |
| 103 | HOME DEPOT INC | HD | 2,430 | $984,612 | 0.04% |
| 104 | EATON CORP PLC | ETN | 2,550 | $954,338 | 0.04% |
| 105 | QXO INC | QXO-PB | 11,050 | $856,375 | 0.03% |
| 106 | ELI LILLY & CO | LLY | 1,105 | $843,115 | 0.03% |
| 107 | JPMORGAN CHASE & CO. | VYLD | 2,671 | $842,514 | 0.03% |
| 108 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 1,369 | $688,251 | 0.03% |
| 109 | COSTCO WHSL CORP NEW | 22160K105 | 712 | $659,049 | 0.03% |
| 110 | PROCTER AND GAMBLE CO | 742718109 | 4,272 | $656,393 | 0.03% |
| 111 | TEXAS INSTRS INC | 882508104 | 3,563 | $654,630 | 0.03% |
| 112 | MERCK & CO INC | MRK | 7,156 | $600,603 | 0.02% |
| 113 | APPLIED MATLS INC | 038222105 | 2,896 | $592,927 | 0.02% |
| 114 | UNION PAC CORP | UNP | 2,479 | $585,961 | 0.02% |
| 115 | CAPITAL ONE FINL CORP | 14040H105 | 2,717 | $577,580 | 0.02% |
| 116 | SLM CORP | SLMBP | 20,000 | $553,600 | 0.02% |
| 117 | BOSTON SCIENTIFIC CORP | BSX | 5,517 | $538,625 | 0.02% |
| 118 | DIAMONDBACK ENERGY INC | FANG | 3,566 | $510,295 | 0.02% |
| 119 | SELECT SECTOR SPDR TR | 81369Y852 | 4,267 | $505,085 | 0.02% |
| 120 | ADOBE INC | ADBE | 1,412 | $498,083 | 0.02% |
| 121 | PALANTIR TECHNOLOGIES INC | PLTR | 2,542 | $463,712 | 0.02% |
| 122 | KKR & CO INC | KKRT | 3,560 | $462,622 | 0.02% |
| 123 | MORGAN STANLEY | MS-PQ | 2,812 | $446,996 | 0.02% |
| 124 | ILLINOIS TOOL WKS INC | 452308109 | 1,670 | $435,469 | 0.02% |
| 125 | NEWMONT CORP | NEMCL | 5,118 | $431,499 | 0.02% |
| 126 | INTUIT | INTU | 619 | $422,721 | 0.02% |
| 127 | ABBVIE INC | ABBV | 1,789 | $414,225 | 0.02% |
| 128 | HCA HEALTHCARE INC | HCA | 970 | $413,414 | 0.02% |
| 129 | HONEYWELL INTL INC | 438516106 | 1,900 | $399,950 | 0.02% |
| 130 | PHILIP MORRIS INTL INC | 718172109 | 2,424 | $393,173 | 0.02% |
| 131 | NRG ENERGY INC | NRG | 2,295 | $371,675 | 0.01% |
| 132 | NEXTERA ENERGY INC | NEE-PW | 4,824 | $364,164 | 0.01% |
| 133 | JOHNSON & JOHNSON | JNJ | 1,925 | $356,934 | 0.01% |
| 134 | EQT CORP | EQT | 6,518 | $354,775 | 0.01% |
| 135 | ABBOTT LABS | ABLZF | 2,607 | $349,182 | 0.01% |
| 136 | OREILLY AUTOMOTIVE INC | 67103H107 | 3,195 | $344,453 | 0.01% |
| 137 | VENTAS INC | VTR | 4,610 | $322,654 | 0.01% |
| 138 | NORFOLK SOUTHN CORP | 655844108 | 1,069 | $321,138 | 0.01% |
| 139 | WELLTOWER INC | WELL | 1,736 | $309,251 | 0.01% |
| 140 | VERTEX PHARMACEUTICALS INC | VRTX | 780 | $305,479 | 0.01% |
| 141 | TOLL BROTHERS INC | TOL | 2,107 | $291,061 | 0.01% |
| 142 | AT&T INC | T-PC | 10,032 | $283,304 | 0.01% |
| 143 | MCDONALDS CORP | MCD | 927 | $281,706 | 0.01% |
| 144 | INTUITIVE SURGICAL INC | ISRG | 621 | $277,730 | 0.01% |
| 145 | EXPEDIA GROUP INC | EXPE | 1,268 | $271,035 | 0.01% |
| 146 | NORTHROP GRUMMAN CORP | NOC | 437 | $266,273 | 0.01% |
| 147 | JOHNSON & JOHNSON | JNJ | 777 | $264,180 | 0.01% |
| 148 | ORACLE CORP | ORCL-PD | 926 | $260,428 | 0.01% |
| 149 | THERMO FISHER SCIENTIFIC INC | TMO | 531 | $257,546 | 0.01% |
| 150 | EXXON MOBIL CORP | XOM | 2,280 | $257,070 | 0.01% |
| 151 | CVS HEALTH CORP | CVS | 3,382 | $254,969 | 0.01% |
| 152 | STARBUCKS CORP | SBUX | 2,980 | $252,108 | 0.01% |
| 153 | LOCKHEED MARTIN CORP | LMT | 486 | $242,616 | 0.01% |
| 154 | ALLSTATE CORP | ALL-PJ | 1,118 | $239,979 | 0.01% |
| 155 | TJX COS INC NEW | 872540109 | 1,660 | $239,936 | 0.01% |
| 156 | QUANTA SVCS INC | 74762E102 | 560 | $232,075 | 0.01% |
| 157 | GE AEROSPACE | 369604301 | 769 | $231,331 | 0.01% |
| 158 | LOWES COS INC | 548661107 | 910 | $228,692 | 0.01% |
| 159 | VERIZON COMMUNICATIONS INC | VZ | 5,193 | $228,232 | 0.01% |
| 160 | PRUDENTIAL FINL INC | PUKPF | 2,196 | $227,813 | 0.01% |
| 161 | STRYKER CORPORATION | SYK | 598 | $221,063 | 0.01% |
| 162 | ONEOK INC NEW | OKE | 2,957 | $215,772 | 0.01% |
| 163 | ACCENTURE PLC IRELAND | ACN | 871 | $214,789 | 0.01% |
| 164 | AGILENT TECHNOLOGIES INC | A | 1,666 | $213,831 | 0.01% |
| 165 | FOX CORP | FOX | 3,218 | $202,927 | 0.01% |
| 166 | UNITED RENTALS INC | URI | 210 | $200,479 | 0.01% |
| 167 | HEALTHPEAK PROPERTIES INC | DOC | 10,451 | $200,137 | 0.01% |
| 168 | DOORDASH INC | DASH | 660 | $179,513 | 0.01% |
| 169 | MARTIN MARIETTA MATLS INC | 573284106 | 260 | $163,873 | 0.01% |
| 170 | IRONWOOD PHARMACEUTICALS INC | IRWD | 101,378 | $132,805 | 0.01% |
| 171 | SHERWIN WILLIAMS CO | SHW | 279 | $96,607 | 0.00% |
| 172 | PALO ALTO NETWORKS INC | PANW | 220 | $44,796 | 0.00% |
| 173 | DELTA AIR LINES INC DEL | DAL | 340 | $19,295 | 0.00% |