Cercano Management LLC

Q3 2025 13F-HR Holdings

Location
Bellevue, WA
Holdings as of
9/30/2025
Date filed
11/7/2025
Form type
13F-HR
Num holdings
151
Total value ($000)
$2,609,920
Net value change ($000)
-894,825 (-25.5%)
New positions
24
Sold out positions
24
Turnover %
16.9%
Sector allocation + QoQ delta (equities-only)

Holdings aggregated across other managers listed in the original SEC filing. View detailed breakdown

Prev filing: 8/8/2025 Next filing: 2/10/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
TIC 38,629 NEW
SHW 19,981 NEW
STX 15,071 NEW
UNP 14,370 5.8%
FLJP 13,791 NEW
ANET 11,273 NEW
BA 11,221 NEW
LPX 10,253 NEW
XLK 10,186 97.4%
EWY 7,533 242.9%
Top Reduces (Value $000, Stocks/ETFs)
NV5 Global, Inc. -90,642 -100.0%
AMZN -83,570 -60.2%
MSFT -72,195 -17.9%
QXO -43,913 -17.9%
META -41,959 -30.2%
XLV -40,142 -83.1%
SCHW -30,288 -44.8%
UBER -30,110 -69.6%
APD -29,771 -100.0%
AON -29,696 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 8,068 (0.3% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type