Cercano Management LLC Q3 2025 Filing

Filed November 7, 2025

Portfolio Value

$2.6T

Holdings

151

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (151 positions)

#StockSharesValue% PortfolioType
1
MSFTMICROSOFT CORP
637,403$330.1B12.65%
2
UNPUNION PAC CORP
1,102,113$260.5B9.98%
3
XPOXPO INC
1,945,996$251.6B9.64%
4
QXOQXO INC
10,585,316$201.8B7.73%
5
RSPINVESCO EXCHANGE TRADED FD T
624,081$118.4B4.54%
6
LLYELI LILLY & CO
149,387$114.0B4.37%
7
METAMETA PLATFORMS INC
132,289$97.2B3.72%
8
NVDANVIDIA CORPORATION
513,079$95.7B3.67%
9
07WAMR COOPER GROUP INC
285,331$60.1B2.30%
10
AMZNAMAZON COM INC
251,539$55.2B2.12%
11
TICACUREN CORP
2,902,230$38.6B1.48%
12
SCHWSCHWAB CHARLES CORP
390,217$37.3B1.43%
13
SPYSPDR S&P 500 ETF TR
52,187$34.8B1.33%
14
HYMBSPDR SERIES TRUST
1,387,825$34.6B1.33%
15
GQ9SPDR GOLD TR
96,309$34.2B1.31%
16
NDQINVESCO QQQ TR
56,951$34.2B1.31%
17
CEGCONSTELLATION ENERGY CORP
100,915$33.2B1.27%
18
MCOMOODYS CORP
57,368$27.3B1.05%
19
UNHUNITEDHEALTH GROUP INC
76,615$26.5B1.01%
20
VVISA INC
77,039$26.3B1.01%
21
SPGIS&P GLOBAL INC
52,035$25.3B0.97%
22
BKSYBLACKSKY TECHNOLOGY INC
1,243,976$25.1B0.96%
23
PDOPIMCO DYNAMIC INCOME OPRNTS
1,666,651$23.5B0.90%
24
GOOGLALPHABET INC
88,536$21.5B0.82%
25
AAPLAPPLE INC
81,443$20.7B0.79%
26
XLKSELECT SECTOR SPDR TR
73,251$20.6B0.79%
27
GEVGE VERNOVA INC
33,199$20.4B0.78%
28
SHWSHERWIN WILLIAMS CO
57,705$20.0B0.77%
29
APOAPOLLO GLOBAL MGMT INC
147,599$19.7B0.75%
30
PANWPALO ALTO NETWORKS INC
96,090$19.6B0.75%
31
EWWISHARES INC
239,617$16.3B0.63%
32
JPMJPMORGAN CHASE & CO.
49,354$15.6B0.60%
33
GOOGALPHABET INC
62,738$15.3B0.59%
34
AGGISHARES TR
151,570$15.2B0.58%
35
SHMSPDR SERIES TRUST
314,202$15.2B0.58%
36
STXSEAGATE TECHNOLOGY HLDNGS PL
63,842$15.1B0.58%
37
WMSADVANCED DRAIN SYS INC DEL
100,224$13.9B0.53%
38
FLJPFRANKLIN TEMPLETON ETF TR
399,037$13.8B0.53%
39
PWRQUANTA SVCS INC
33,062$13.7B0.52%
40
COFCAPITAL ONE FINL CORP
61,781$13.1B0.50%
41
UBERUBER TECHNOLOGIES INC
133,997$13.1B0.50%
42
VTVVANGUARD INDEX FDS
69,120$12.9B0.49%
43
MLB1MERCADOLIBRE INC
5,262$12.3B0.47%
44
SLVISHARES SILVER TR
270,859$11.5B0.44%
45
BACBANK AMERICA CORP
221,184$11.4B0.44%
46
ANETARISTA NETWORKS INC
77,364$11.3B0.43%
47
BABOEING CO
51,990$11.2B0.43%
48
MLMMARTIN MARIETTA MATLS INC
17,164$10.8B0.41%
49
EWYISHARES INC
132,765$10.6B0.41%
50
ORLYOREILLY AUTOMOTIVE INC
95,435$10.3B0.39%
51
LPXLOUISIANA PAC CORP
115,410$10.3B0.39%
52
SPYDSPDR SERIES TRUST
217,913$9.6B0.37%
53
DNLIDENALI THERAPEUTICS INC
625,000$9.1B0.35%
54
XLVSELECT SECTOR SPDR TR
58,840$8.2B0.31%
55
WEAWESTERN ALLIANCE BANCORP
90,774$7.9B0.30%
56
DELLDELL TECHNOLOGIES INC
54,087$7.7B0.29%
57
IBITISHARES BITCOIN TRUST ETF
117,140$7.6B0.29%
58
DALDELTA AIR LINES INC DEL
129,666$7.4B0.28%
59
BLDRBUILDERS FIRSTSOURCE INC
60,300$7.3B0.28%
60
FLKRFRANKLIN TEMPLETON ETF TR
263,694$7.1B0.27%
61
DASHDOORDASH INC
25,807$7.0B0.27%
62
LIONLIONSGATE STUDIOS CORP
973,567$6.7B0.26%
63
XLESELECT SECTOR SPDR TR
74,336$6.6B0.25%
64
NOCNORTHROP GRUMMAN CORP
10,568$6.4B0.25%
65
NAUTNAUTILUS BIOTECHNOLOGY INC
7,172,985$6.1B0.23%
66
IBKRINTERACTIVE BROKERS GROUP IN
77,749$5.3B0.20%
67
XLFISELECT SECTOR SPDR TR
65,127$5.1B0.20%
68
XLUSELECT SECTOR SPDR TR
56,688$4.9B0.19%
69
QXOQXO INC
24,850$4.7B0.18%Put
70
JHXJAMES HARDIE INDS PLC
237,647$4.6B0.17%
71
IWMISHARES TR
18,137$4.4B0.17%
72
IAU*ISHARES GOLD TR
59,869$4.4B0.17%
73
AVGOBROADCOM INC
12,877$4.2B0.16%
74
ISRGINTUITIVE SURGICAL INC
9,235$4.1B0.16%
75
EPDENTERPRISE PRODS PARTNERS L
120,021$3.8B0.14%
76
SPYMSPDR SERIES TRUST
45,151$3.5B0.14%
77
TRTXTPG RE FIN TR INC
401,607$3.4B0.13%
78
XPO INC
2,840$3.2B0.12%Put
79
MUNIPIMCO ETF TR
57,919$3.0B0.12%
80
AYS1SANDSTORM GOLD LTD
226,238$2.8B0.11%
81
INDAISHARES TR
46,470$2.4B0.09%
82
VOOVANGUARD INDEX FDS
3,941$2.4B0.09%
83
GPORGULFPORT ENERGY CORP
10,946$2.0B0.08%
84
IYKISHARES TR
25,446$1.7B0.07%
85
STWDSTARWOOD PPTY TR INC
79,029$1.5B0.06%
86
SPEMSPDR INDEX SHS FDS
32,275$1.5B0.06%
87
MAMASTERCARD INCORPORATED
2,574$1.5B0.06%
88
WMTWALMART INC
13,635$1.4B0.05%
89
TSLATESLA INC
3,048$1.4B0.05%
90
NFLXNETFLIX INC
1,033$1.2B0.05%
91
LRCXLAM RESEARCH CORP
8,560$1.1B0.04%
92
CATCATERPILLAR INC
2,180$1.0B0.04%
93
SPTISPDR SERIES TRUST
35,199$1.0B0.04%
94
CGICCAPITAL GROUP INTERNATIONAL
32,733$1.0B0.04%
95
HDHOME DEPOT INC
2,430$984.6M0.04%
96
ETNEATON CORP PLC
2,550$954.3M0.04%
97
BRK/BBERKSHIRE HATHAWAY INC DEL
1,369$688.3M0.03%
98
COSTCOSTCO WHSL CORP NEW
712$659.0M0.03%
99
PGPROCTER AND GAMBLE CO
4,272$656.4M0.03%
100
TXNTEXAS INSTRS INC
3,563$654.6M0.03%
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