Cercano Management LLC Q4 2025 Filing

Filed February 10, 2026

Portfolio Value

$2.6B

Holdings

146

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (146 positions)

#StockSharesValue% PortfolioType
1
MSFTMICROSOFT CORP
542,736$294.6M11.15%
2
XPOXPO INC
1,945,996$264.5M10.01%
3
UNPUNION PAC CORP
1,126,608$260.6M9.86%
4
QXOQXO INC
10,815,832$208.6M7.90%
5
LLYELI LILLY & CO
142,454$153.1M5.79%
6
NVDANVIDIA CORPORATION
626,158$116.8M4.42%
7
RSPINVESCO EXCHANGE TRADED FD T
534,478$102.4M3.87%
8
METAMETA PLATFORMS INC
151,007$99.7M3.77%
9
AMZNAMAZON COM INC
251,539$58.1M2.20%
10
IAU*ISHARES GOLD TR
497,522$40.4M1.53%
11
SCHWSCHWAB CHARLES CORP
390,217$39.0M1.48%
12
SPYSPDR S&P 500 ETF TR
55,788$38.0M1.44%
13
CEGCONSTELLATION ENERGY CORP
100,915$35.6M1.35%
14
PANWPALO ALTO NETWORKS INC
190,830$35.1M1.33%
15
HYMBSPDR SERIES TRUST
1,387,825$34.6M1.31%
16
SPEMSPDR INDEX SHS FDS
642,100$30.1M1.14%
17
UNHUNITEDHEALTH GROUP INC
90,927$30.0M1.14%
18
NDQINVESCO QQQ TR
48,739$29.9M1.13%
19
TICTIC SOLUTIONS INC
2,902,230$29.3M1.11%
20
MCOMOODYS CORP
57,368$29.3M1.11%
21
GOOGLALPHABET INC
89,837$28.1M1.06%
22
SPGIS&P GLOBAL INC
52,035$27.2M1.03%
23
VVISA INC
77,039$27.0M1.02%
24
BKSYBLACKSKY TECHNOLOGY INC
1,243,976$23.3M0.88%
25
COFCAPITAL ONE FINL CORP
94,570$22.9M0.87%
26
GEVGE VERNOVA INC
33,199$21.7M0.82%
27
APOAPOLLO GLOBAL MGMT INC
147,599$21.4M0.81%
28
SHWSHERWIN WILLIAMS CO
65,792$21.3M0.81%
29
BABOEING CO
91,002$19.8M0.75%
30
GOOGALPHABET INC
62,738$19.7M0.74%
31
AAPLAPPLE INC
64,847$17.6M0.67%
32
EWWISHARES INC
239,617$16.6M0.63%
33
JPMJPMORGAN CHASE & CO.
49,354$15.9M0.60%
34
LINLINDE PLC
36,908$15.7M0.60%
35
EWZISHARES INC
490,980$15.6M0.59%
36
AGGISHARES TR
151,570$15.1M0.57%
37
SHMSPDR SERIES TRUST
314,202$15.1M0.57%
38
COSTCOSTCO WHSL CORP NEW
17,139$14.8M0.56%
39
BSXBOSTON SCIENTIFIC CORP
153,931$14.7M0.56%
40
WMSADVANCED DRAIN SYS INC DEL
100,224$14.5M0.55%
41
XLKSELECT SECTOR SPDR TR
98,448$14.2M0.54%
42
NAUTNAUTILUS BIOTECHNOLOGY INC
7,172,985$14.0M0.53%
43
PWRQUANTA SVCS INC
33,062$14.0M0.53%
44
FLJPFRANKLIN TEMPLETON ETF TR
399,037$13.7M0.52%
45
VTVVANGUARD INDEX FDS
69,120$13.2M0.50%
46
EWYISHARES INC
132,765$12.9M0.49%
47
DHRDANAHER CORPORATION
56,232$12.9M0.49%
48
LRCXLAM RESEARCH CORP
72,360$12.4M0.47%
49
BACBANK AMERICA CORP
221,184$12.2M0.46%
50
AONAON PLC
30,352$10.7M0.41%
51
MLMMARTIN MARIETTA MATLS INC
17,164$10.7M0.40%
52
DNLIDENALI THERAPEUTICS INC
625,000$10.3M0.39%
53
SPYDSPDR SERIES TRUST
217,913$9.4M0.36%
54
LPXLOUISIANA PAC CORP
115,410$9.3M0.35%
55
ORLYOREILLY AUTOMOTIVE INC
95,435$8.7M0.33%
56
FLKRFRANKLIN TEMPLETON ETF TR
263,694$8.5M0.32%
57
HDHOME DEPOT INC
23,874$8.2M0.31%
58
GRABGRAB HOLDINGS LIMITED
1,600,000$8.0M0.30%
59
XLVSELECT SECTOR SPDR TR
51,519$8.0M0.30%
60
WMTWALMART INC
69,379$7.7M0.29%
61
COPXGLOBAL X FDS
107,493$7.7M0.29%
62
DELLDELL TECHNOLOGIES INC
54,087$6.8M0.26%
63
XLESELECT SECTOR SPDR TR
148,672$6.6M0.25%
64
URIUNITED RENTALS INC
7,458$6.0M0.23%
65
IBITISHARES BITCOIN TRUST ETF
117,140$5.8M0.22%
66
BLDRBUILDERS FIRSTSOURCE INC
51,128$5.3M0.20%
67
IWMISHARES TR
18,137$4.5M0.17%
68
AVGOBROADCOM INC
12,877$4.5M0.17%
69
INSWINTERNATIONAL SEAWAYS INC
85,219$4.1M0.16%
70
EPDENTERPRISE PRODS PARTNERS L
120,021$3.8M0.15%
71
SPYMSPDR SERIES TRUST
45,151$3.6M0.14%
72
TRTXTPG RE FIN TR INC
401,607$3.5M0.13%
73
MUNIPIMCO ETF TR
57,919$3.0M0.11%
74
INDAISHARES TR
46,470$2.5M0.10%
75
VOOVANGUARD INDEX FDS
3,941$2.5M0.09%
76
MAMASTERCARD INCORPORATED
2,574$1.5M0.06%
77
WMBWILLIAMS COS INC
23,863$1.4M0.05%
78
HAFNHAFNIA LTD
264,379$1.4M0.05%
79
STWDSTARWOOD PPTY TR INC
79,029$1.4M0.05%
80
TSLATESLA INC
3,048$1.4M0.05%
81
PSXPHILLIPS 66
10,522$1.4M0.05%
82
CATCATERPILLAR INC
2,180$1.2M0.05%
83
CGICCAPITAL GROUP INTERNATIONAL
32,733$1.1M0.04%
84
SPTISPDR SERIES TRUST
35,199$1.0M0.04%
85
NFLXNETFLIX INC
10,330$968K0.04%
86
ETNEATON CORP PLC
2,550$812K0.03%
87
MRKMERCK & CO INC
7,156$753K0.03%
88
AMATAPPLIED MATLS INC
2,896$744K0.03%
89
BRK/BBERKSHIRE HATHAWAY INC DEL
1,369$688K0.03%
90
TXNTEXAS INSTRS INC
3,563$618K0.02%
91
PGPROCTER AND GAMBLE CO
4,272$612K0.02%
92
TTTRANE TECHNOLOGIES PLC
1,517$590K0.02%
93
GPORGULFPORT ENERGY CORP
2,819$586K0.02%
94
LINLINDE PLC
256$586K0.02%Call
95
FANGDIAMONDBACK ENERGY INC
3,566$536K0.02%
96
NEMNEWMONT CORP
5,118$511K0.02%
97
XLCSELECT SECTOR SPDR TR
4,267$502K0.02%
98
DWDMORGAN STANLEY
2,812$499K0.02%
99
ADBEADOBE INC
1,412$494K0.02%
100
KKRKKR & CO INC
3,560$453K0.02%
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